B. Faith Shipping Co. Ltd.

Ship Owners

B. Faith Shipping Co. Ltd. specializes in supporting the oil and gas industry by providing offshore engineering and related services. Established in 2004, the company offers a comprehensive range of services to meet the needs of its clients.

One of its key offerings is the rental of marine bases, which are essential for various offshore operations. In addition, B. Faith Shipping Co. Ltd. provides support in engineering procurement, ensuring that clients can secure the necessary equipment and materials for their projects. The company is also involved in vessel chartering, further expanding its capacity to support marine projects with the required seagoing vessels.

Additionally, B. Faith Shipping Co. Ltd. manages deployment bases, which are critical for the mobilization and demobilization of offshore projects. Their operations span internationally, as they have locations in Port Harcourt, Nigeria, and Houston, Texas, positioning them strategically to serve clients in different regions.

The combination of these services makes B. Faith Shipping Co. Ltd. a versatile and valuable partner for companies operating in the oil and gas sector, particularly those requiring reliable offshore engineering support.

Ships

BALTIC FAITH

Tanker for Oil and Chemicals | Flag: Cyprus | Port: LIMASSOL

Maritime News

Maersk, Hapag-Lloyd: No immediate return to Red Sea

2 days ago

Two of the world's top shipping companies, Maersk and Hapag-Lloyd, said on Thursday they did not see an immediate return to Red Sea after the ceasefire between Hamas and Israel was announced.Both companies said they would be closely monitoring the situation in the Middle East and would return to the Red Sea once it was safe to do so."The agreement has only just been reached. We will closely analyze the latest developments and their impact on the security situation in the Red Sea," a Hapag-Lloyd spokesperson told Reuters."It is still too early to speculate about timing," a Maersk spokesperson said.

What Keeps Business Leaders Awake at Night?

2 days ago

Cyber, business interruption and natural catastrophes are the risks of most concern for businesses globally according to the Allianz Risk Barometer 2025 - as voted for by a record 3,778 risk management experts from 106 countries and territories.Cyber incidents (38% of responses, a record 7% points ahead) consolidates its position as the most important risk.The risk impact of new technologies and developments in artificial intelligence (AI) is a new entrant in the top 10 global risks at #10.Closely interlinked to cyber, business interruption is ranked #2 (31%), just ahead of another related risk, natural catastrophes at #3 (29%).Climate change is another standout result in 2025.

MOL and JERA Ink Charter for LNG Carrier Newbuild

3 days ago

Mitsui O.S.K. Lines (MOL) has signed a long-term charter contract for a newbuilding LNG carrier with a vessel operation management company funded by JERA.This is the eighth contract for LNG carrier signed with JERA. The vessel will be built at the Geoje Shipyard of Samsung Heavy Industries, and is scheduled for delivery in 2026.It will be 290 meters long, with a breadth of 45.8 meters. It will feature a membrane tank of 174,000 m3.The vessel will be managed by MOL and will transport LNG for JERA.

Pirates: More Guns, More Hostages

3 days ago

The ICC International Maritime Bureau (IMB) has reported an increase in the number of crew taken hostage or kidnapped in 2024.The IMB annual Piracy and Armed Robbery Report recorded 116 incidents against ships in 2024 compared to 120 in 2023 and 115 in 2022. It reveals that 94 vessels were boarded, 13 attempted attacks, six vessels hijacked and three fired upon.While the number of reported incidents in 2024 remains similar to those reported in 2023 and 2022, the number of crew taken hostage or kidnapped increased to 126 taken hostage in 2024 compared to 73 in 2023 and 41 in 2022. Twelve crew were reported kidnapped, compared to 14 in 2023 and two in 2022.

James Fishers Orders Four LNG Dual-Fuel Tankers

4 days ago

James Fisher and Sons has ordered four new LNG dual-fuel tankers from China Merchants Jinling Shipyard (Yangzhou) Dingheng as part of its ‘fleet of the future’ business strategy.The new tankers, which will carry oil products and IMO Class II chemicals, will have LNG dual-fuel propulsion capability, expected to help to reduce operational CO2 emissions and associated environmental impact over the long-term.A number of features that will add to the overall sustainability of the new builds have been carried over from recent additions to the company’s fleet, vessels Sir John Fisher and Lady Maria Fisher.