Under the Sea: A Roadmap for Renewable Energy
Thanks to increasing levels of debt financing for climate-aligned projects, wind-generated power has become one of the fastest-growing green industries. Jessica Williams, an Infrastructure Analyst at S&P Global Ratings, considers the submarine technologies that are making this progress possible.Renewable energy is making an increasing contribution to the electrical grid. By the end of 2016, “green energy” sources accounted for almost a quarter of the world’s electricity supply…
OSV Scrapping Rates Up 153% YTD
As the severity of the offshore energy downturn has increased and the likelihood of older vessels returning to work begins to diminish, owners have slowly come round to the importance of scrapping these vessels. According to VesselsValue, U.S. owners might be leading the way.According to VesselsValue, an online valuation and market intelligence service for the maritime and offshore sectors, in this current period of downturn…
Sanchi Disaster Probe Ends in Split Verdict
A committee investigating a collision between an Iranian tanker and a Chinese freighter has come to diverging conclusions over the causes of the worst oil ship disaster in decades, Iran's state television reported on Saturday.The Panama-registered Sanchi, run by Iran's top oil shipping operator NITC, collided with the CF Crystal, registered in Hong Kong, off the coast of China near Shanghai and the mouth of the Yangtze River Delta on Jan. 6.The Sanchi sank on Jan.
Barges Catch Fire in Alabama
The U.S. Coast Guard said it is working with local agencies to respond to a barge fire on the Mobile River near Mobile, Ala.Coast Guard Sector Mobile received a…
Conoco Moves to Seize PDVSA's Caribbean Assets
U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela's state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization…
Cyprus-Egypt Gas Pipeline to Cost $800 mln-$1 bln
A pipeline connecting Cyprus' Aphrodite gas field to Egypt's liquefied natural gas (LNG) facilities will cost between $800 million and $1 billion, Egyptian petroleum…
Carnival Opens Second Cruise Terminal in Barcelona
Carnival Corporation officially opened its second cruise terminal at the Port of Barcelona with an inauguration ceremony attended by government, business and community…
Sevan Drilling Cleared in Petrobras Bribery Case
Noway’s anti-corruption agency Økokrim has closed an investigation into Sevan Drilling over the company’s drilling contracts won with Petrobras between 2005 and 2008.
China Pushes for Yangtze River Economic Belt
Chinese President Xi Jinping called for achieving high-quality economic growth through developing the Yangtze River economic belt. Xi, also general secretary of…
Royal Princess Crowns Record Cruise Season
The 330m Royal Princess cruise ship arrived in Dublin this afternoon carrying more than 3,000 passengers and crew. Her arrival kickstarts a record cruise season…
Efficient Shipping Needs Nautical Standards
Ben van Scherpenzeel is Chairman of the international Port Call Optimisation Task Force said that it’s rather curious that the shipping sector, whose history goes back some 5…
DP World Opens Limassol Passenger Terminal
The new cruise passenger terminal at DP World Limassol was inaugurated today by Cyprus President, His Excellency Mr. Nicos Anastasiades; Minister of Transport, Communications and Works, Mrs.
Stena Oil Rolls Out Scandinavia's Largest Bunkering Terminal at Frederikshavn
Stena Oil has signed an agreement to create a new marine fuel terminal in the Port of Frederikshavn. The facility will be fully adapted for the new Sulphur Directive…
International Seaways Confirms Acquisition of Six VLCCs from Euronav
Tanker company International Seaways said that it has entered into a stock purchase and sale agreement to acquire the holding companies for six VLCCs from Euronav…
EU Budget Proposal to Support Decarbonisation
The European Community Shipowners’ Associations (ECSA) is positive towards the proposal for the EU budget 2021 – 2027 published earlier this week. Specifically the…
South Asian Shipbreaking Workers Assert Rights
In Chittagong, Bangladesh, on the International Labour Day of 1 May, the Platform member organisation YPSA brought together shipbreaking workers for a demonstration…
US Navy to Christen Littoral Combat Ship Cincinnati
The Navy will christen its newest Independence-variant littoral combat ship, the future USS Cincinnati (LCS 20), during a 10 a.m. CDT ceremony May 5 in Mobile, Alabama.
European Cargo Logistics, DSV Launch Moravia Shuttle
European Cargo Logistics (ECL), an associated company of Lübecker Hafen-Gesellschaft mbH (LHG), and DSV Road AB, a part of DSV – Global Transport and Logistics,…
Euroseas Bags TC for Newbuilding Kamsarmax M/V Ekaterini
Euroseas, an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced…
European Sea Ports Organisation Seeks Support for Connecting Europe Facility
The European Commission (EC) proposal for the Multi Annual Financial Framework 2021-2027 adopted on Wednesday 2 May reserves a similar budget for the Connecting Europe Facility (CEF)…
