FBI Seeks Evidence in California Boat Fire
Federal and local investigators on Sunday carried out search warrants involving the owners of a diving boat that caught fire off the California coast in the middle of the night last week, killing 34 people.Agents from the FBI, the Bureau of Alcohol, Tobacco and Firearms, the U.S. Coast Guard and the Santa Barbara Sheriff's Office searched the offices and two additional vessels owned by Truth Aquatics of Santa Barbara…
UK Risks Losing Edge in Maritime Services
Britain's position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said, deepening uncertainty for its financial sector as Brexit nears.The UK has been a pivotal global shipping centre for centuries, especially the City of London, and has dominated marine insurance, ship broking, shipping finance and other maritime services.These contribute $5.6 billion a year to Britain’s economy…
New Ship Emission Regs: Dirty Fuel Down but Not Out
Asia's spot premium for 380-centistoke (cst) high-sulphur fuel oil (HSFO) is expected to ease gradually from its recent record highs as shippers adopt cleaner marine fuels next year to meet new, tougher rules on emissions from ships.But as the deadline approaches, analysts and traders agree that demand for the dirtier HSFO will not die out completely as an increasing number of ships get equipped with sulphur-cleaning devices in the coming years to combat pollution.Starting Jan.
Cosmo Oil Builds IMO-compliant Fuel Stocks at Chiba Port
Japan’s third-largest oil refining company, Cosmo Oil, , has started building stocks of very-low-sulfur fuel oil (VLSFO) for supply to domestic marine fuel markets from next month (October 2019) ahead of the IMO 2020 mandate requiring ships globally to reduce their bunker fuel sulfur content to 0.5% from the current 3.5% from January 2020.Cosmo Oil is using VLSFO produced at its residue desulfurizer (RDS) unit at its Chiba refinery near Tokyo to build the stocks…
SHI to Build Arctic LNG Ship for Zvezda
Russia's Zvezda Shipbuilding Complex has awarded the contract for the LNG carriers for the Arctic LNG 2 project to Samsung Heavy Industries (SHI). The South Korean company will also provide technical specifications and design documentation for the LNG carriers project.SHI will design LNG ships with 45 MW power capacity, enabling the safe transportation of LNG while breaking up to 2.1 meters of ice…
Ørsted Sees Huge Offshore Wind Potential in S Korea
Ørsted A/S, the world’s largest offshore wind power producer, said it sees high potential in the Korean offshore wind power market, intending to build long-term…
Gazprom, Kogas for Tighter LNG Cooperation
Russian oil and gas company Gazprom Neft has announced that a working meeting has been held between Alexey Miller, Chairman of the Gazprom Management Committee, and Hee-Bong Chae…
Corvus Opens Second Battery Factory in Norway
Corvus Energy, the Norwegian-Canadian designer and manufacturer of energy storage solutions for marine propulsion and electrical systems opens a new automated battery factory in Bergen…
Epic Gas Refinances Two LPG Tankers
Singapore-based gas carrier owner and operator Epic Gas has completed the refinancing of two 2010-built liquefied petroleum gas (LPG) tankers.The two ships – the…
NYSE Begins to Delist Seadrill Partners
The international offshore drilling contractor Seadrill Partners LLC announced that it has been notified by the New York Stock Exchange that trading in SeaDrill's…
TS Lines Adds Pan Asia Service Loop
Taiwanese ocean carrier TS Lines (TSL) has announced the launch of the Pan Asia 1(PA1) Service that provides weekly connectively between China and Southeast Asia.The…
Bumi Armada Sells FPSO for $40 Mln
Malaysian oilfield services company Bumi Armada Bhd has found a buyer for its floating production storage and offloading (FPSO) vessel Armada Perdana in Nigerian…
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