Second Wave of Floating Storage Triggered by Ailing Oil Market
A stalled global economic recovery from the coronavirus pandemic is leading to a fresh build-up of global oil supplies, pushing traders including Trafigura to book tankers to store millions of barrels of crude oil and refined fuels at sea again.The use of so-called floating storage onboard tankers comes as traditional onshore storage remains close to capacity as supplies outpace demand.Trading houseā¦
The Future of Ship Agency Sits in the Cloud
With the Coronavirus pandemic hitting many segments of the global shipping industry particularly hard, it is understandable that businesses of all sizes are reviewing their budgets for 2020 and beyond and looking for ways to reduce costs while maintaining their operations. Supply chains are being disrupted, inspections postponed or conducted remotely, crew transfers complicated, and paperwork ditched as social distancing measures are in place.
Massive Fire Breaks Out in Beirut Port
A large fire erupted on Thursday at Beirut port, sending a huge column of smoke above the city a little more than a month after a massive blast devastated the port and surrounding residential area of the Lebanese capital.The blaze erupted in the shattered duty-free zone of the port and one official said it was limited to that area. But it jangled nerves in a nation grappling with a deep economic crisisā¦
Sri Lanka: Fire-hit Tanker Towed Further Offshore as Wind Picks Up
The Sri Lankan navy has towed a fire-stricken supertanker further out to sea to keep it off the coast of the Indian Ocean island after the wind picked up strength and changed direction, a spokesman said on Thursday.The tanker, loaded with 2 million barrels oil, was 50 nautical miles (95 km) from the east coast and moving in a northerly direction, the navy spokesman, Indika de Silva, said. Earlier, it had been headed southwest.The stricken vessel has raised fears of an environmental disasterā¦
Energean Power FPSO to Set Sail from Singapore in Summer of 2021, Energean Says
Oil and gas company Energean, working to develop its Karish field offshore Israel, expects that the FPSO being built for the eastern Mediterranean Sea project will set sail from Singapore in the summer of 2021. The London-listed company shared the info as part of its first-half results presentation on Thursday.The FPSO, called Energean Power, is currently in Singapore where the China-built hull is being fitted with topside modules.
BP Charters Supertanker to Store Oil Off Malaysia at "Lowest Rate Yet"
Oil major BP has provisionally chartered a supertanker to store crude oil off Malaysia at this year's lowest rate yet, according to industry sources and data onā¦
Rimfrost Taps Kongsberg for Krill Vessel Design and Equipment
RLS PhotoNorway-based krill extraction and processing company Rimfrost has awarded Kongsberg Maritime a contract to design and equip a new 120-meter krill harvesting vessel destined for operations in Antarctica.The vessel will be built by Westcon in Norway, and Tersan Shipyard in Turkey. Westcon will complete the vessel at its facility in Norway after initial construction at the Tersan Shipyard in Turkey.
Harvey Gulf to Convert PSV to Offshore Fuel Carrier
Offshore vessel owner Harvey Gulf announced that it will offer a full service fuel carrying vessel solely dedicated to offshore fuel and water deliveries, through the conversion of its 300-foot U.S. flagged platform supply vessel (PSV) Harvey Hawk.Harvey Gulf, which owns two new million-gallon diesel bunkering facility in Port Fourchon, La, said the converted vessel will be able to carry 800,000 gallons of fuel per trip offshore.The company said it will offer competitive pricing on 30-ā¦
Beca, Vard Marine Join NZ Patrol Vessel Project
Beca Applied Technologies Ltd, with the support of specialist naval architecture company Vard Marine Inc, have been appointed by the New Zealand Ministry of Defenseā¦
Coronavirus: āWorst Crisis for Seafarers in 200 Yearsā
Coronavirus is the worst crisis seafarers have faced in its 200-year history, Sailorsā Society says, noting āoverwhelmingā numbers are turning to the maritime charity for help since the pandemic began.Sara Baade, Sailorsā Society CEO, says, āThis is the worst crisis seafarers have faced since Sailorsā Society was founded more than 200 years ago.āWe are overwhelmed by the number of appeals for helpā¦
Port of Long Beach Reports Best August on Record
A strong start to the peak shipping season led the U.S.' second busiest container port to record its best August in its 109-year history.Dockworkers and terminal operators at the Port of Long Beach moved 725,610 twenty-foot equivalent units (TEUs) of container cargo last month, a 9.3% increase compared to August 2019, the port announced Wednesday. Imports rose 13% to 364,792 TEUs and exports were up 1% to 126,177 TEUs.
FuelTrax Launches FuelNet 'Gen 6'
FUELTRAX launched the latest features of its cloud-based portal, FUELNET 'GEN-6', as its sixth major release. FUELNET delivers decision-ready reports that can be utilized to make quick decisions during operations. The company reports a +/-0.15% accuracy and remote troubleshooting available 24/7 from Houston, FUELTRAX consumption tracking provides a complete picture of operations minute-by-minute."The maritime industry remains hungry for newā¦
Tanker Carrying Gasoline Seized by US Arrives off Texas
A tanker containing a cargo of Iranian gasoline confiscated by the United States arrived on Wednesday at a Texas port where it was preparing to discharge, accordingā¦
[Op/Ed] The Gulf of Mexico: An Energy Platform for America
Even as business, schools and scenes from everyday life seem frozen as society adjusts to the coronavirus, the U.S. marches closer toward the November presidential election. In early August, Vice President Joe Biden announced Senator Kamala Harris as his running mate. As the Biden-Harris ticket works out their policy platforms, they should move beyond past comments attacking American offshore oil and gas production.
List: Major Oil Spills from Ships
The Sri Lankan navy said on Tuesday an oil slick had been spotted a kilometer from a loaded supertanker carrying roughly 2 million barrels of oil that has been engulfed in intermittent fires since an explosion on September 3.Oil from the engine room of the 20-year old New Diamond tanker āappears to have leaked out to the seaā following regular bouts of water-dousing by fire-fighting vessels, the navyā¦
Sanmar Builds Final Tug for Svitzer's Sohar Operations
Turkish shipbuilder Sanmar Shipyards said it will soon deliver the fifth and final vessel in a series of new tug builds for operator Svitzer at Oman's Port of Sohar.The newest tug Svitzer Saham is the third 80t bollard pull RAstar 2900SX variant, Sanmarās Bigacay class, joining sister vessels Svitzer Sohar and Svitzer Shinas, alongside two other earlier deliveries in 2020 of the 50t bollard pull variant of the RAmparts 2200 (named Svitzer Liwa and Svitzer Barka)ā¦
Pioneer Crew Transfer Vessels: Designing the US Fleet
Europe has been the clear leader in offshore wind power since the worldās first offshore wind farm was built off the coast of Denmark in 1991. Now, as regions in Asia and North America set out to harness the huge energy potential gusting off their shores, local firms are drawing from the expertise laid out in the well-established European industry as they build the foundations for new offshore wind markets of their own.Itās no surpriseā¦
Anderson Joins Tidewater Board
Offshore support vessel (OSV) owner Tidewater Inc. announced Wednesday the appointment of Darron M. Anderson to its Board of Directors, effective immediately.Anderson has served as President and Chief Executive Officer and as a member of the board of directors of Ranger Energy Services since March 2017. He previously served as President and Chief Executive Officer of Express Energy Services from 2008 to August 2015.
ABB Equips Chinaās First Hybrid-electric Rescue Vessel
The first Chinese-built hybrid emergency rescue vessel is powered by ABBās bridge-to-propeller technologies, including Azipod electric propulsion, energy storage system and state-of-the-art automation and control solutions.Delivered to Shenzhen Maritime Safety Administration (MSA) by Huangpu Wenchong Shipbuilding, the 78-meter-long vessel Shenhai 01 will be deployed to provide emergency responses at sea and carry out rescue operations.
New AI-powered Predictive Maritime Intelligence Solution Unveiled
Predictive maritime intelligence company Windward announced the release of its next-generation Maritime Predictive Intelligence solution powered by Maritime Artificial Intelligence Analytics (MAIAļø). Consisting of 10 billion datapoints and 300 behavioral analysis models, MAIAļø is designed to empower organizations to make smarter and faster decisions and optimize operations.According to Windward, recent sanction advisories from both the OFSI in the U.K. and OFAC in the U.S.
