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Oslo-listed seismic specialist TGS has been awarded a one-month extension to the largest seismic streamer acquisition contract offshore Indonesia. The extension will begin in August and utilise the Ramform Sovereign vessel and the company’s GeoStreamer technology. “The project further strengthens revenue visibility while enabling us to deliver high-quality seismic data with i...

Hanwha is pushing deeper into the American LNG value chain, establishing a new US company that will combine procurement, trading and logistics with the Korean conglomerate’s rapidly expanding shipping and shipbuilding businesses. Hanwha Aerospace announced today the creation of Hanwha Horizon USA, which will serve as the control tower for its global LNG operations. James …

New York-listed Greek bulker owner Diana Shipping has secured a 41% rate increase for the panamax Leto in a direct charter continuation with commodities giant Cargill. The 2010-built, 81,297 dwt vessel has been fixed at $18,000 per day, less a 4.75% commission, from September 10. The deal runs until at least September 1, 2027, with …

Norway’s Ministry of Energy has granted Ventyr a 12-month extension to complete its impact assessment and submit a licence application for the Sørlige Nordsjø II offshore wind project, pushing the deadline to October 15, 2027. Ventyr, a joint venture between JERA Nex BP and Ingka Investments, won the allocation for the 1.5GW scheme in March …

Turkish gas shipowner PascoGas has been linked to another major newbuilding move at HD Hyundai, with four LPG carriers contracted in a KRW515.4bn ($370m) deal. HD Hyundai Heavy Industries disclosed the order on Monday, identifying the customer only as an Oceania-based shipping company. The ships are scheduled for delivery by March 31, 2030. Shipbuilding sources …