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Trade & Logistics

3 November 2026

Hornbeck lands five-year Shell deepwater services deals

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Source reporting: Splash247

Hornbeck lands five-year Shell deepwater services deals

US offshore services player Hornbeck Offshore has secured multiple agreements with Shell for deepwater well intervention and vessel support work in the US Gulf of Mexico. The contracts cover riser-based well intervention, riserless well intervention, stimulation support, and marine transportation services. Hornbeck will deploy a well intervention vessel equipped with an intervention riser system, remotely …

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Source: Splash247

3 November 2026

MINSHIP and Oskar Wehr launch joint shipmanagement venture

German shipping companies MINSHIP and Oskar Wehr have launched a joint shipmanagement venture, BellRock Maritime, with an initial fleet of 12 vessels and ambitions to expand into third-party management. The company commenced operations yesterday, combining the partners’ technical management, crewing and QHSE activities from offices in Hamburg and Schnaittenbach, Bavaria. The partners each hold 50% …

Source: Container News

3 November 2026

AD Ports Group appoints Afif Saif Al Yafei as new CEO

AD Ports Group has appointed Dr. Afif Saif Al Yafei as its new Group Chief Executive Officer, succeeding Captain Mohamed Juma Al Shamisi, who has led the company since 2014. The leadership change comes as the Abu Dhabi-based ports and logistics group continues to expand its international operations across maritime transport, port management and integrated logistics. Al Yafei joins AD Ports Group from TAQA Transmission, where he served as Chief Executive Officer. He brings more than 20 years of executive experience in infrastructure, utilities and industrial businesses.

Container NewsRead original
Source: Container News

3 November 2026

Container freight rates diverge as NYFI rises and Drewry WCI falls

Global container freight rates presented a mixed picture in the latest weekly assessments, with the NYSHEX Freight Index (NYFI) recording increases across all five monitored trade lanes while Drewry’s World Container Index (WCI) and the Freightos Baltic Index (FBX) declined. The contrasting movements were particularly evident on the Transpacific, where NYFI reported higher rates on both US coasts, while Drewry recorded notable decreases from Shanghai to Los Angeles and New York. Meanwhile, Chinese container freight benchmarks remained relatively stable, with the Shanghai Containerized Freight Index (SCFI) and China Containerized Freight Index (CCFI) edging higher, while the Ningbo Containerized Freight Index (NCFI) declined. Chinese freight indexes show limited movement The SCFI increased approximately 0. 16% to 3,687.

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Source: Splash247

3 November 2026

Valaris keeps rigs busy with latest contracting spree

Offshore drilling company Valaris has racked up $600m in new contracts and extensions, led by a $290m deal with BP in the US Gulf of Mexico and a string of fresh drilling awards across its global fleet, pushing its total contracted backlog to around $4. 8bn. The company has won two drillship contracts since it announced …

Source: Splash247

3 November 2026

Transocean’s latest contract haul boosts backlog to $8bn

Offshore drilling giant Transocean has secured approximately $2bn in additional contract backlog following a string of new drilling awards and extensions across its global fleet, including fresh work for two drillships in the US Gulf of Mexico and Equatorial Guinea, as well as contracts covering operations in India and Norway. Two drillships bagged new contracts. …

Source: Splash247

3 November 2026

Singapore VLSFO back above $1,000 for first time since March

The cost of fuelling ships has climbed back above $1,000 a tonne in Singapore for the first time since March, as the prolonged Iran conflict continues to drive up bunker bills across the global merchant fleet. Data from Ship & Bunker show very low sulphur fuel oil (VLSFO) broke through the $1,000 threshold on October …