CONOCOPHILLIPS is leading the way in new seismic survey technology in the North Sea with an order for a permanent sensor system for the Ekofisk field.

NAUTICAL Petroleum is in discussions with owners of floating production storage and offloading vessels to secure a charter for its Kraken oil field development in the North Sea, writes Martyn Wingrove.

SOUTH Korean conglomerate Hanwha has won the race for a controlling stake in Daewoo Shipbuilding.

TAIWAN Maritime Transport clarifies it is not currently facing financial difficulties.

FINNISH marine engine and component maker reported a 41% year-on-year drop in its order book.

A $4.6m legal bill in connection with its antitrust troubles with US authorities has eaten into third quarter profit.

FOUR months ago, container lines were under fire from American farmers for hindering their sales efforts by not providing enough equipment in the mid-west and US Gulf to enable produce to reach the Pacific ports.

THE collapse of the dry bulk market freight market could lead to a lowering of Britannia Bulk’s credit rating, as cash-flow generation deteriorates.

RISING charter rates for anchor handlers in the US Gulf of Mexico and less downtime for yard visits helped Seacor Holdings’ revenues and income rise in the third quarter.

THE 445 unionised Canadian employees of the St Lawrence Seaway have ratified a new three-year labour agreement and averted a strike.