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Court Ruling Could Cast Shadow Over Brazil’s Offshore Oil Sector

June 1, 2016 by Reuters

Court Ruling Could Cast Shadow Over Brazil’s Offshore Oil Sector

Editor's Note: The Brazilian appeals court decision referred to below involves the FPSO OSX 3. The Court has based its decision on the grounds that Liberia is not a party to the Bustamante Code or to the International Convention for the Unification of Certain Rules of Law Relating to Maritime Liens and Mortgages (1926). The Court seems to reject commonly accepted international … [Read more...]

Deadbeat Ex-Billionaire Batista Tempts Bondholders to Seize Once-Prized Ship

August 3, 2015 by Bloomberg

Deadbeat Ex-Billionaire Batista Tempts Bondholders to Seize Once-Prized Ship

  By Juan Pablo Spinetto (Bloomberg) -- Out in the Atlantic Ocean, 130 miles off the coast of Brazil, an oil ship the length of New York City’s Chrysler building is at the center of an escalating legal war. This battle pits the crude producer founded by Eike Batista, Brazil’s most notorious ex-billionaire, against bondholders who loaned another of his companies … [Read more...]

Óleo e Gás Suspends Payment for OSX-3 FPSO

March 16, 2015 by Reuters

Óleo e Gás Suspends Payment for OSX-3 FPSO

RIO DE JANEIRO, March 16 (Reuters) - Oleo e Gas Participações SA, a Brazilian oil company under bankruptcy protection, on Monday said it suspended payments for an oil-production vessel to bankrupt ship-leasing company OSX Brasil SA for six months. Oleo e Gas, formerly known as OGX Petroleo e Gas Participações SA, said in a statement that it made the decision after being … [Read more...]

Batista’s OSX-3 FPSO Arrives in Brazil

August 24, 2013 by Reuters

Batista’s OSX-3 FPSO Arrives in Brazil

RIO DE JANEIRO (Reuters) - OSX Brazil SA, the shipbuilding and ship-leasing unit of tycoon Eike Batista's Grupo EBX, said on Friday that its OSX-3 vessel arrived in Brazilian waters and would be delivered to sister oil producer OGX Petroleo e Gas Participações SA. The ship, known as a floating production, storage and offloading ship, or FPSO, will arrive in Rio de Janeiro … [Read more...]

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  Featured

Panama Canal Tugboat Captains Locked in Heated Dispute with Management Over Safe Manning of Tugs

Panama Canal Tugboat Captains Locked in Heated Dispute with Management Over Safe Manning of Tugs

Butane Leaks After Very Large Gas Carrier and Tanker Collide Singapore -AIS Replay

Butane Leaks After Very Large Gas Carrier and Tanker Collide Singapore -AIS Replay

MAN Diesel & Turbo to Supply Engines for MSC’s Record-Breaking Megaships

MAN Diesel & Turbo to Supply Engines for MSC’s Record-Breaking Megaships

Incident Video: Car Carrier Crunches Tugboat in Durban Harbour

Incident Video: Car Carrier Crunches Tugboat in Durban Harbour

IMO Reaches Deal to Cut CO2 Emissions from Ships

IMO Reaches Deal to Cut CO2 Emissions from Ships

  Video

Incident Video: Tanker’s Hull Punctured by Floating Crane in Iraq

Incident Video: Tanker’s Hull Punctured by Floating Crane in Iraq

Incident Video: Car Carrier Crunches Tugboat in Durban Harbour

Incident Video: Car Carrier Crunches Tugboat in Durban Harbour

Caught on Video: MSC Cruise Ship Crashes Into Dock in the Caribbean

Caught on Video: MSC Cruise Ship Crashes Into Dock in the Caribbean

  Latest News

Expanded Panama Canal Sees Three LNG Carrier Transits in Single Day

Two Injured in Rescue Boat Drill on B.C. Ferry

Russian Billionaire to Lose $492 Million Expedition Yacht in Divorce

  Corporate News

Foss Executive Honored by Coast Guard

Damen Dredging Equipment launches new DOP Dredger Series

Samskip brings Rotterdam into Nor Lines’ flexible LNG-powered service network

ABS Delivers Continued Solid Performance and Remains Well-Positioned for Future, Reports Chairman, President and CEO

Avatars by Sterling Adventures