VLCC Rates Steady Ahead of Possible Rebound
Five/six charterers are making storage inquiries; near-term pressure on tanker rates to continue - Frontline CEO. Freight rates for very large crude carriers (VLCCs)…
Human Failure Affecting Shipping Safety Performance
Data from maritime safety specialist Propel shows huge potential to reduce risk of serious accidents. “Human failure tops the agenda of many companies though few know how to address it in a proper way. Collaboration, trust and engagement of all personnel -ship and shore- are vital to reduce major accidents. The whole industry needs to change its focus when it comes to improving maritime safety,” said Benedikte Wentworth, CEO of Propel.
FPSO to Achieve First Oil from Libra Field in July
Teekay informs that the FPSO Pioneiro de Libra arrived May 17 in Brazilian territorial waters. The FPSO unit, owned through a 50/50 joint venture between Odebrecht Oil & Gas and Teekay Offshore, will be the first to produce oil in the Libra Block which covers more than 1,500 square kilometers in the Santos Basin and has estimated reserves of 8-12 billion barrels of recoverable oil. The first oil is scheduled for July.
PA Pipeline Spat Could Upend International Oil Flows
Refiners from the Midwest United States are fighting for access to a vital Pennsylvania pipeline – a move that could cripple their East Coast competitors and redraw…
MHI and MHPS Jointly Develop Marine SOx Scrubber
Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have jointly developed a Large-scale Rectangular Marine Scrubber that efficiently…
MOL Delivers LNG Carrier CESI Beihai to SINOPEC
Mitsui O.S.K. Lines (MOL) today announced that the LNG carrier CESI Beihai-ordered by a joint venture of MOL, China COSCO Shipping Corporation Limited (China COSCO Shipping)…
LNG-fueled Newcastlemax Bulk Carrier Design Unveiled
Project partners BHP, Fortescue, Mitsui O.S.K. Lines (MOL), Rio Tinto, SDARI, U-Ming, Woodside, and DNV GL presented the results from stage one of their “Green Corridor” joint industry project (JIP)…
Norad - IMO Partnerships to Protect Marine Environment
International Maritime Organization (IMO)’s collaboration with the Norwegian Agency for Development Cooperation (Norad) to deliver technical cooperation activities…
DNV GL Offshore Wind Standard for China
DNV GL is part of the consortium selected by the World Bank to support the development of 3 new standards in offshore wind turbine support structures, offshore substations…
Greenhouse Gas Model for Shipping by 2050
DNV GL has published a report assessing the potential for greenhouse gas (GHG) emissions reduction from shipping towards 2050, based on a new computational model.
Damen Consolidates Australian Partnership
Damen Shipyards Group recently visited Adelaide to further consolidate their partnership with ASC Shipbuilding and Forgacs Marine and Defence (Forgacs) (ASC Forgacs…
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