Deepwater Downturn: Bump in the Road or Long-term Slowdown?
IMA/World Energy Reports has just completed a comprehensive assessment of the five year outlook for the deepwater sector. The new report – the 19th annual floater market forecast prepared by IMA since 1996 – provides our forecast of orders for floating production systems between 2016 and 2020. Here’s an overview of the findings and conclusions in the report. We see the downturn in market conditions and implosion of Petrobras as a bump in the road.
Around 20 African Migrants Lost at Sea After Boat Sinks
Around 20 African migrants are missing at sea after their boat sunk in the Atlantic Ocean around 20 miles off the coast of Western Sahara, Spanish sea rescue services said on Wednesday.
Bandy Creek Boat Harbour Dredging Complete
BMT JFA Consultants (BMT), a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, recently completed the project management and supervision of the 2015 Bandy Creek Boat Harbour Dredging works. This campaign was undertaken as part of the state-wide maintenance dredging program which has been managed by BMT for the Western Australian Department of Transport (DoT).
Transas Launches High Voltage Training Breaker
Coming in response to recently introduced STCW requirements, Transas has launched a high voltage training solution for marine engineering and electrical training. The new rules require training to be conducted using real equipment, leading Transas to partner with the power technology specialist ABB for the development of a real hardware high voltage generator breaker cabinet compatible with the Transas ERS 5000 TechSim simulators with high and medium voltage systems.
LR to Class Project Resolve Conversion
Project Resolve is the conversion of the container vessel M.V. Asterix to an Auxiliary Oiler Replenishment (AOR) ship to support the Royal Canadian Navy’s (RCN) interim supply ship capability requirements. Providing support to Project Resolve will be Lloyd’s Register’s (LR) naval technology expertise and complex conversion experience. LR will support the conversion process from the development of a…
US to Give Two Ships to Philippine Navy
Following a visit aboard Philippine naval ship BRP Gregorio Del Pilar on Tuesday, U.S. President Barack Obama said the American government plans to transfer two ships to the Philippine Navy, bolstering what Obama called an “ironclad commitment” to the defense of treaty ally the Philippines. Obama said the two vessels – a Hamilton-Class Coast Guard Cutter and research ship – are part of the U.S. effort to increase maritime security assistance to its allies in the Asia-Pacific region…
Kenya Building Cruise Terminal at Mombasa
East Africa's biggest port of Mombasa will spend 100 million shillings ($980,392.16) to build a new cruise ship terminal aimed at boosting tourism, port management said on Wednesday.
Obama Says China Must Stop Land Reclamation in South China Sea
U.S. President Barack Obama said on Wednesday China must stop land reclamation in the disputed South China Sea and reaffirmed Washington's commitment to the defense and security of the Philippines…
NYK, YLK Hold Joint Training Program
From October 19 to 23, Nippon Yusen Kabushiki Kaisha and Yusen Logistics Co. Ltd. jointly conducted their 2015 Global NYK/YLK Week, a training program targeting…
Terminal Project to Allow 10,000 TEU Ships in the Black Sea
The construction of a deepwater berth at the NUTEP terminal in the Black Sea port of Novorossiysk will allow Russia to offer regular year-round ice-free calls for vessels up to 10…
IRS Software for Common Structural Rule
IRClass has announced the release of new technical software, IR-CSR, for verification and compliance of oil tankers and bulk carriers against recently mandated Common…
Georgia Ports' Container Volume Up 3%
The Georgia Ports Authority handled a total of 321,094 Twenty-foot Equivalent Unit (TEUs) containers in October 2015, an additional 9,335 units, or 3 percent increase over the same period last year.
Celata Heads BOEM's Gulf of Mexico Office
Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper today announced Mike Celata as the Regional Director of the Gulf of Mexico Outer Continental Shelf (OCS) Region.
Helsinki Port Tariffs to Increase
From 2016 onwards, the Port of Helsinki will increase the following tariffs: * Harbor dues: + 1.5 percent * Garbage/sludge truck waiting/per hour: + 1.5 percent * Water sales: + 1.4 percent (
Federal Bering Calls First Time at Antwerp
The Federal Bering bulk carrier called for the first time at the port of Antwerp on November 16. The recently built Federal Bering is in Antwerp for three days to load a consignment of 20…
Royal HaskoningDHV Opens Office in Ho Chi Minh City
International engineering and project management consultancy Royal HaskoningDHV has celebrated the opening of its new office in Vietnam in a ceremony which also…
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