Lessons Learned from Maritime Accidents: NTSB’s Safer Seas Digest 2017 Released
Maritime accident investigation reports for collisions, explosions, capsizings and allisions and the lessons learned within those reports are detailed in the National Transportation Safety Board’s Safer Seas Digest 2017, released online Thursday.The publication is a compendium of 41 marine accident reports for accidents involving fishing, offshore supply, cargo, passenger, tanker, towing and government vessels.
Low EU River Stir Fuel Markets in Singapore
Rhine water levels hit record lows in October; river is a key fuel transport hub for Europe.Low water levels on the Rhine river have caused a fuel supply deficit in parts of Europe's industrial heartlands that is sucking up cargoes from more than 10,000 km away in Singapore.Following a long, scorching summer, water levels on the Rhine - a key commodity shipping lane connecting industrial centres in Switzerland…
Keppel Secures S$30M Production Barge Upgrade Contract
Keppel Corporation, through its subsidiary unit, has secured a production barge upgrade contract. total value of the deal is said to be S$30M.When completed in or around Q3 2019…
Lundin Norway Awards EPCI Contract to WorleyParsons
Rosenberg WorleyParsons has been awarded an engineering, procurement, construction and installation contract (EPCI) by Lundin Norway ASO in the Norwegian Continental…
Ultra Petroleum Appoints David Honeyfield as CFO
Ultra Petroleum informed that David Honeyfield has been appointed to serve as CFO of the gas producer with assets in Wyoming’s Green River Basin.A press release…
API Enhances Offshore Safety Standard
The American Petroleum Institute (API) released its newest valve standard as part of the industry’s continuous efforts to improve operational safety and environmental…
Ørsted Concludes Deepwater Wind Acquisition
Danish wind energy giant Orsted completed its previously announced takeover of Deepwater Wind from D.E. Shaw group in a deal valued at $510 million.The company closed…
New York Seeks 800 MW Offshore Wind
Newly re-elected Governor Andrew M. Cuomo issued a comprehensive solicitation seeking 800 megawatts or more of new offshore wind projects for New York.According…
Eni CEO Claudio Descalzi Meets Angola's president
Eni president Claudio Descalzi has met Angola's president Joao Goncalves Lourenco in Luanda to discuss the Italian energy giant's operations in the country.During…
Norwegian Cruise Line Profits Up
Miami-based Norwegian Cruise Line Holdings reported third-quarter ended September 30, 2018 profit of $470.4 million compared to $400.7 million in the prior year.
UK: Enough Oil and Gas Reserves for the Next 20 Years
The UK has enough oil reserves to sustain production for the next 20 years and beyond, new figures indicate.A report published by the UK Government suggests that…
Higher US Export, Lower Fleet Growth Aid LPG Exports
The Middle East is the most active export market of LPG exports on very large gas carriers(VLGC), said Norway-based LPG shipping firm Avance Gas.Oslo-listed Avance…
Norwegian Breakaway Debuts as Largest-ever Homeporting Ship
Norwegian Cruise Line, the innovator in global cruise travel, returns to New Orleans introducing Norwegian Breakaway to the Big Easy with five to 11-day cruises to the Caribbean.
Paolo d'Amico Takes Over as d'Amico International Shipping CEO
Product tanker carrier d’Amico International Shipping (DIS) has appointed current D'Amico group chairman Paolo d'Amico as new CEO.The D'Amico group's listed product…
BAM International Begins Kitimat Wharf Contract
The Hague-based BAM International, together with JJM Construction (Canada) and Manson Construction (USA), has received the full order to build the new Rio Tinto…
MOL Enables Vessel View VR on VLCC Suzukasan
Japanese logistics major Mitsui O.S.K. Lines (MOL) has announced the introduction of the Vessel View VR, a virtual reality system that allows for virtual visits…
Hapag-Lloyd Profit Doubles
German shipping company Hapag-Lloyd AG more than doubled its bottom line in the third quarter compared to the same period last year on account of booking lower interest…
Port of Rotterdam Wins ESPO Award 2018
The largest port in Europe the Port of Rotterdam Authority has been awarded the European Sea Ports Organisation (ESPO) Award 2018.The award was made in recognition…
Solstad Tallies Equinor Contracts
Norwegian owner Solstad Offshore ASA informs it has been awarded a contract from Equinor for the two-year charter of the 2005-built platform supply vessel (PSV) Normand Skipper, and an extension for the 2013-built PSV Sea Falcon, for work in the U.K.The 92-meter Normand Skipper will commence in November or December 2018, Solstad said. The contract with Equinor UK Limited includes up to two years of options after the initial firm period.In addition…
Baltic Index Losing Streak Continues as Capesize Rates Drag
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, fell for the eighth consecutive session on Thursday, pressured by weakness in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 73 points, or 5.6 percent, to 1,231 points, its lowest since June 4.The capesize index declined for the seventh straight session…
