Dry Bulk Performance: Pangaea Logistics (Again) Claims the Top Spot
Maritime Advisors, Liengaard & Roschmann have published for the third year running its Vesselindex Performance Report, ranking the listed dry bulk companies based on their TCE performance.In a year 2020 which was characterized by a high level of volatility it is noticeable that 17 companies managed to outperform the general market as defined by the Baltic Indices. U.S. listed Pangaea Logistics claims top spot for the third year in a row…
Australian Coal Port's Loan Terms Linked to Social, Emissions Goals
Australia's Port of Newcastle has signed a A$515 million ($398 million) loan with National Australia Bank (NAB) that links interest payments to non-mandatory social and environmental targets, the companies said.The world's largest coal port will pay less if certain targets are met, including reducing its direct and indirect greenhouse gas emissions and screening all customers for modern slavery risks…
PASSER Marine's LNG Tank Insulation System Gets DNV AiP
DNV has granted an Approval In Principle (AIP) to PASSER Marine for the development of a new LNG fuel tank insulation system.The new concept is designed for prismatic ‘type B’ LNG tanks - which according to IMO rules require a partial secondary barrier - and includes a leakage detection system capable of safely managing and containing fuel leaks."The system we have developed is cost-effective and production-friendly,” said Svein Konradsen, COO of PASSER Marine AS.
Work to Remove Oil from Stricken Tanker off China Almost Complete
Efforts to remove the cargo of an oil tanker that leaked oil into the Yellow Sea near China's Qingdao after a collision last week should be completed later on Tuesday, the vessel's manager said.The A Symphony was anchored roughly 40 nautical miles off the coast of Qingdao when it was struck in dense fog by the bulk carrier Sea Justice on April 27. The collision ruptured A Symphony's cargo and ballast tanks…
Offshore Incident: Velesto's Jack-Up Rig Tilts, Submerges Off Sarawak, Malaysia
A jack-up rig owned by Malaysian drilling contractor Velesto tilted and submerged at a location offshore Sarawak, Malaysia on Tuesday, the rig owner said."The Board of Directors of Velesto Energy Berhad [...] regrets to inform that an incident involving one of our rigs, Velesto Naga 7, occurred at the worksite due to rapid penetration into the formation on 3 May 2021, Monday, whilst operating in offshore Sarawak for a client.
- 1
- 2