Ocean Rig News


Transocean Drilling Revenues up at $792M

Feb 18, 2020

Transocean, the world's largest offshore drilling contractor, said that its total contract drilling revenues were $792 million (total adjusted contract drilling revenues of $839 million), compared with $784 million in the third quarter of 2019…

Wallem Supports Polish Tall Ship’s Call to Hong Kong

Oct 31, 2018

Wallem Ship Agency was appointed to handle the recent call of the full-rigged Polish tall ship, the S.V. Dar Młodzieży to Hong Kong.The tall ship arrived in Hong Kong on October 26, 2018 and was berthed at China Merchants Wharf until 29th October…

Samsung Heavy Industries Post Quarterly Loss

Jul 23, 2018

Seoul-listed South Korean shipbuilder Samsung Heavy Industries (SHI) sunk into the red in the second quarter, on increased costs and one-off losses.SHI said in a regulatory filing that it posted a net loss of 142.7 billion won ($126 million) in the second quarter…

Ocean Rig Announces New Contracts

Jul 23, 2018

The international contractor of offshore deepwater drilling services Ocean Rig UDW  has entered into a new drilling contract with Chariot Oil & Gas Limited for a one-well drilling program, for drilling offshore Namibia.The contract is expected…

Ocean Rig Postpones SHI Drillship Delivery Till 2020

Jul 01, 2018

International offshore drilling contractor Ocean Rig UDW Inc. and South Korean yard Samsung Heavy Industries (SHI) have agreed to postpone the delivery of the newbuild drillship Ocean Rig Crete to September 2020.'Our subsidiary, that is party…

Pankaj Khanna Appointed As CEO of Ocean Rig

Dec 31, 2017

Pankaj Khanna has been appointed as President and Chief Executive Officer of Ocean Rig UDW, a global provider of offshore deepwater drilling services,  effective January 1, 2018.  Khanna is 47 years old with 29 years of varied experience in the maritime & offshore industry…

Cargo Ship Crew Awarded for Heroism at Sea

Dec 06, 2016

Officers and crewmembers of the Crowley Maritime Corp.-managed cargo ship M/V Ocean Glory were recently honored with a 2016 Admiral of the Ocean Sea (AOTOS) Mariners’ Plaque for demonstrating heroism at sea during the United Seamen’s Service’s (USS) annual AOTOS awards ceremony in New York…

Clayton To Join Clarkson Board

Nov 12, 2016

Clarkson PLC announced that Marie-Louise Clayton will join the Board as a Non-Executive Director with effect from 1 January 2017. She will take over as Chair of the Audit Committee following the Annual General Meeting in May 2017 when James Morley…

ISS Launches new Partner Solution Initiative

Jun 16, 2016

Inchcape Shipping Services (ISS), the world's leading maritime and logistics service provider, is introducing a new Partner Solutions initiative to develop and deliver added value for customers across the globe.ISS Partner Solutions will…

Three Senior Appointments at Wikborg Rein, London

Jun 14, 2016

International law firm Wikborg Rein has further strengthened its leading presence in the shipping and offshore and onshore construction sectors with the appointment of three key senior hires to its London offices. Nick Shepherd has joined as a partner from Ince & Co…

Wikborg Rein Bolsters London Team

Jun 13, 2016

International law firm Wikborg Rein has further strengthened its leading presence in the shipping and offshore and onshore construction sectors with the appointment of three key senior hires to its London offices. Nick Shepherd has joined as a partner from Ince & Co…

Shipping Exec Indicted for Price Fixing

Jun 08, 2016

Another ocean freight executive has been indicted for participation in a long-running conspiracy to restrain trade in international ocean shipments of roll-on, roll-off cargo to and from the Port of Baltimore and elsewhere in the United States…

DryShips Posts Profit for 1Q

May 20, 2016

Greece-based DryShips Inc. (DRYS) reported first-quarter of 2016 net income of $55.4 million, after reporting a loss in the same period a year earlier.  The company said it had profit of $2.05 per share. Losses, adjusted for non-recurring gains…

Ocean Rig buys Cerrado drillship

Apr 26, 2016

Cyprus-based Ocean Rig has stepped in to buy the sixth generation ultra-deepwater (UDW) drillship Cerrado, which once drilled the giant Libra prospect offshore Brazil, following its owner Brazil-based Schahin Group bankruptcy declaration last April…

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