The Paris MoU agrees to focus on prevention of air pollution from ships

The Paris Memorandum of Understanding on Port State Control (Paris MoU) held its 51st Committee meeting in Cascais, Portugal, from the 7-11 May 2018, chaired by Mr. Brian Hogan.

Anticipating the

Read more...

Rolls-Royce and AXA to jointly develop risk management products for autonomous shipping

Rolls-Royce and AXA Corporate Solutions have signed a Letter of Intent (LOI) to explore ways in which they can combine their respective products, to bring a new offering to the marine

Read more...

Westwood Insight: Where Next for Jackup Rates?

Analysis of RigLogix data shows that recently, jackup day rates around the world had risen to slightly above operating costs, allowing rig owners to finally make a little profit. That trend

Read more...

OPEC says oil glut almost gone

Crude Oil Price Movements
In April, the OPEC Reference Basket (ORB) rose by $4.67, or 7.3%, month-on-month (m-o-m), to average $68.43/b, with Dated Brent and Dubai rising by nearly 9% each,

Read more...