Op/Ed: Connecting to the Future of Offshore
120 miles out at sea, 6,000-horsepower devices lift drilling equipment weighing up to 3 million pounds out of holes lying 10,000 feet beneath the water. Keeping such sea monsters in good working order, often for years at a time, is no mean feat. Oil companies spend between $300,000 and $800,000 per day on each vessel drilling offshore. Any failures can result in losses that run into hundreds of thousands of dollars per day.With such high costs and massive market pressures…
Russia's NLMK Could Close U.S. Business Due to Tariffs
Russian steelmaker NLMK has told the U.S. Department of Commerce that it could be forced to shut down its U.S. business due to the impact of new U.S. tariffs."Without…
Greek Gunboat on Patrol Nudged by Turkish Cargo Vessel - Navy
A Greek gunboat was nudged by a Turkish cargo vessel early on Friday while on patrol for unauthorized migrant crossings in the Aegean Sea, the Greek navy said.The…
Rolls-Royce Wins Order for MTU Engines in Brazil
Rolls-Royce said it has won an order to supply MTU engines for four new tugs for Aliança Navegação, a company owned by the Hamburg Süd shipping line. The shipping company uses 16-cylinder MTU Series 4000 propulsion systems throughout its Brazilian tugboat fleet consisting of seven harbor tugs, two of which are deployed in São Francisco in the north of Santa Catarina. The remaining five tugboats are still to undergo commissioning.All tugs are being built by Detroit Brasil Ltda.
Jumbo Completes Work on Bangladesh FLNG Terminal
In 2017 Jumbo was awarded a contract by Geocean for the Moheshkhali Project, which is seeing a floating liquefied natural gas (LNG) import terminal developed off the shores of Moheshkhali Island in the Bay of Bengal, Bangladesh. It will be the country's first LNG import terminal and is expected to help secure the future provision of energy for Bangladesh.The Moheshkhali floating LNG import terminal will also include a floating storage and regasification unit (FSRU)…
USCG Restores Radio Communications Along NC Coast
U.S. Coast Guard Sector North Carolina has restored radio communication capability Friday.Repairs were completed at approximately 4 a.m. after communications went down Thursday evening…
Baltic Index Gains for Third Consecutive Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Friday for a third straight session as rates for…
Subsea 7 Withdraws Bid for McDermott
Subsea 7 S.A. announced that it had taken note of McDermott International shareholders' vote in favor of a combination with Chicago Bridge & Iron Co (CB&I).In light of this vote…
No Casualties after Aegean Sea Collision
There were no casualties after a Turkish cargo ship collided with a Greek warship in the Aegean Sea early on Friday, Turkey's Ministry of Transport said. The Greek…
Wärtsilä’s Acquisition of Transas is Completed
The technology group Wärtsilä announces that its acquisition of Transas, a global company headquartered in the U.K., has now been finalized. Control of the company…
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