Bangladesh Ferry Accident Kills at Least 19, Many Missing
At least 19 people were killed and dozens were missing after a boat packed with passengers slammed into a vessel transporting sand on Friday in the latest waterways tragedy to hit Bangladesh."We have so far recovered 19 bodies," said Anisur Rahman, chief police official in the eastern district of Brahmanbaria, where the accident occurred.The dead include nine women and two children, he said, adding: "The rescue operation for those missing is ongoing."Police officials said they did not know the e
ClassNK Guide Outlines Quality Control for Shipboard Data
Classification society ClassNK released its “Data Quality Guidelines”. For facilitating processes of collecting and utilizing shipboard data among various stakeholders, the guidelines outline points to note for ensuring high data quality in accordance with the related international standards.As digitalization in the maritime industry is advancing, achieving data quality is a key element. The guidelines…
Paraguay Grains Ships Cut Loads, Face Delays as River Levels Drop
Grains ships and vessels transporting other products on the Paraguay River are loading at around half capacity due to a historic drought that has hit river levels in the South American region, hurting trade of key agricultural commodities.Industry insiders said that many cargo holds on ships were being left empty, travel times were being delayed and farmers in the world's fourth-largest exporter of…
Techcross Reports 'Surging' BWMS Orders
South Korean ballast water management systems (BWMS) manufacturer Techcross said orders for its systems are "soaring" in line with the improvements in the global shipbuilding market. The company said it sees business picking up in China, Japan and especially Korea, with good performance in high value-added vessels such as very large cruse carriers (VLCC) and liquefied natural gas (LNG) carriers.Techcross reported orders at all of South Korea's domestic "Big 3" shipyards Korea…
First US-built Offshore Wind Substation to be Constructed in Texas
Offshore wind developer Ørsted and its partner Eversource have selected Kiewit to construct an offshore wind substation, which will be deployed at their South Fork Wind project serving New York’s Long Island. This will be the first US-built offshore wind substation.Offshore wind substations are critical components of utility-scale offshore wind farms. Substations collect the power produced by wind turbines and connect the clean energy to the grid.
Fujairah Oil Terminal Invests in VLCC project. Expects Surge in Oil Trade
The Fujairah Oil Terminal is investing an estimated $45 million to upgrade the infrastructure at its storage facilities, betting on a surge in crude trading and storage demand at the United Arab Emirates oil hub, the company's chairman told Reuters.FOT's expansion, financed by a new $280 million debt facility, will connect its terminal to the Port of Fujairah's very large crude carrier (VLCC) loading facility and the Abu Dhabi Crude Oil Pipeline (ADCOP) pipeline…
Oil Firms Race to Complete Gulf of Mexico Evacuations as Major Storm Approaches
U.S. oil and gas companies on Friday raced to complete evacuations from offshore Gulf of Mexico platforms as Tropical Storm Ida advanced towards oilfields that provide 17% of the nation's oil production.The storm early Friday was about 50 miles northwest of Grand Cayman Island moving north at 15 miles (24 km) and expected to intensify and become near a major hurricane when it hits the central U.S. Gulf Coast this weekend, according to the National Hurricane Center (NHC).
Cambodia's Oil Export Ambitions Sink with "Stolen" Tanker Standoff
When Cambodian officials commemorated the start of the country's first oil project in June by preserving the first drops of production at a high-profile ceremony, they heralded the country's emergence as a budding oil exporter at the heart of Asia.But instead of reaping royalties, Cambodia's government has filed a theft complaint against the crew of the tanker that stored the crude, after they sailed…
Near-term Outlook for Deepwater Floating Production Systems is Excellent
Near-term prospects for the deepwater sector are excellent. That’s the conclusion of an in-depth market analysis of the floating production market just completed by IMA/WER in the August 2021 Floating Production Systems Report.Asked what is driving the positive sentiment, WER’s Chairman Jim McCaul explains that, “Oil demand growth is expected to continue at a strong pace, OPEC+ appears to be able to successfully keep oil supply under control…
