PHOTO: Van Oord's Heavy Lift Vessel Reaches Kriegers Flak Offshore Wind Farm
Van Oord’s heavy lift vessel Svanen has arrived at the Danish Kriegers Flak Offshore Wind field in the Baltic Sea off Denmark, where it will install foundations for wind turbines.The Dutch offshore contractor entered into an agreement with Vattenfall for the transport and installation of the foundations for Kriegers Flak wind farm. Van Oord will install the 72 monopiles and transition pieces. With a production capacity of just over 600 MW…
BIMCO: 2020 and the Collapse of Bunker Fuel Markets
The sulfur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the center stage in the shipping industry at outset of the new decade. Four months on, the spotlights have turned to the coronavirus and the OPEC+ oil price war.The outlook for global economic growth remains bleak as the world is faced with the largest recession since the Great Depression in the 1930s.Commodity prices have declined across the board and most recently…
Equinor Extends Island Clipper Charter
Norwegian oil and gas company Equinor has extended the contract for Island Offshore's Island Clipper platform supply vessel.Equinor and Island Offshore had in 2018 signed a three-year contract /with options to extend) for the use of the vessel both as a PSV and a walk to work vessel, with the contract starting in April 2019.Island Offshore on Monday via social media announced that the contract would be extended for another year…
SWS Shipyard Delivers Two Platform Suppliers for COSL
Shanghai-based SWS shipyard has delivered two newbuild platform supply vessels to Sinoocean.The vessels the 'Guo Hai Min Xing' and the 'Guo Hai Min Sheng' - both of the ULSTEIN PX121 design - are operating for COSL – China Oilfield Services Limited, with whom they have a long-term charter.Two more vessels of the same design at SWS (Shanghai Waigaoqiao Shipbuilding Co., Ltd.), have completed their sea trial and will also be delivered to COSL shortly…
Iran: 19 Sailors Killed in Naval Friendly-Fire Incident
One Iranian warship accidentally struck another with a missile during an exercise, killing 19 sailors and wounding 15 others, Iran's navy said on Monday.The incident took place during training in the Gulf of Oman, a sensitive waterway that connects to the Strait of Hormuz through which about a fifth of the world’s oil passes. Iran regularly conducts exercises in the area.The frigate Jamaran fired at a training target released by a support ship, the Konarak.
Sinopec's Largest Petrochemical Port Starts Operations with VLCC Arrival
China's energy and chemical giant Sinopec has said it has put China's largest petrochemical port into operation with the successful docking and unloading of the New Renown, a very large crude carrier (VLCC) from the Middle East. The tanker was welcomed at the new 300,000-ton crude oil terminal of Sinopec Zhongke Refinery Port, which forms part of the company's "front terminal, rear plant" production model.Located 1…
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