Offshore rig market faces a challenging year ahead, with falling dayrates and weak demand amid contract suspensions and ...

The proposed fees could add up to $1.5 million per port entry for Chinese vessels. This shift is disrupting the tanker chartering market and potentially impacting global supply chains. Oil traders ...

which for the first time targeted an independent Chinese refiner among other entities and vessels involved in supplying Iranian crude oil to China. That probably sent a message to the market that ...

assisting rig moves, and supplying fuel and water. The vessels will also be required to act as standby boats and could be used for emergency evacuation, oil spill handling and firefighting in the ...