Power Lines Blocking Mississippi River to be Removed Friday
Downed power lines blocking a segment of the Mississippi River since Hurricane Ida made landfdall on Sunday are expected to be removed on Friday afternoon by Entergy Corp, allowing for vessel traffic in the area, the New Orleans Board of Trade said.More than 20 vessels were moving northbound on the Mississippi River on Friday after portions of the waterway reopened on Thursday. Anchorages in Louisiana between Burnside and Baton Rouge were expected to fill quickly…
Subchapter M: Is it Time to Press Pause?
For many, the path to Subchapter M compliance has been anything but smooth sailing. And while progress has been made through the growing pains, some feel it’s time for the U.S. Coast Guard to pump the brakes.A funny thing happened on the way to compliance. We all learned that nobody was quite ready for Subchapter M.Sure, we had gone through the law with a fine-toothed combed and had self-inspected vessels and trained crews…
Ammonia Bunkering Terminal Project Gets Large Governmental Grant
Azane Fuel Solutions’ first project “Ammonia Fuel Bunkering Network”, which will build a green ammonia bunkering terminal has received confirmation that it will be granted NOK 89 million (EUR 8,600,000) through the Norwegian Green Platform Initiative. This was announced by Minister of Climate and Environment in Norway, Sveinung Rotevatn in Florø, Norway.The project partners, spanning the entire value chain for ammonia as a marine fuel…
Sovcomflot, Gazprom Neft Partner Up to Decarbonize Shipping
Russian shipping firm Sovcomflot and oil firm Gazprom Neft have signed an agreement to develop innovative technologies and use low-carbon fuels in maritime transport.The document was signed by Igor Tonkovidov, President and CEO of Sovcomflot, and Alexander Dyukov, Chairman of the Management Board, CEO, Gazprom Neft.The agreement defines that the two Russian companies will seek cooperation opportunities…
Baltic Dry Index Logs First Weekly Dip in Seven
The Baltic Exchange's main dry bulk sea freight index retreated to a two-week low on Friday on lower rates for all vessels, steering it to its first weekly decline in seven.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell 57 points, or 1.4%, to 3,944, its lowest since Aug. 18.The main index fell about 7% for the week.The capesize index declined 91 points…
Insurers Bracing for $1B Hit from Hurricane Ida Damage to Offshore Facilities
Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane Ida, according to preliminary estimates from U.S. property data and analytics company CoreLogic.The estimate did not include losses from production disruption and could be revised over time, a spokesperson for CoreLogic said.The volume of oil shut in by the hurricane in the Gulf of Mexico rose to 1.7 million barrels per day of offshore output…
Off the Boil: LNG Tankers Burn More Oil as Gas Prices Soar
Liquefied natural gas (LNG) tankers are burning more dirty fuel oil than normal after the price of their super-chilled cargo soared above that of oil, trade and shipping sources said.LNG tankers often use some of their cargo, stored in liquid form at minus 163 degrees Celsius, for power, as a small portion tends to evaporate or "boil off" during transit and needs to be removed from the tanks anyway…
Russia Gearing Up for First LNG-fueled Icebreaker as Arctic Shipping Grows
Metals miner Nornickel said it will participate in the design and building of Russia's first dual-fuel liquefied natural gas (LNG) and diesel icebreaker to prepare for more capacity in the environmentally sensitive Arctic region.Russia, which has a fleet of nuclear-powered icebreakers, has long considered LNG-powered icebreaking ships to develop the Northeast Sea Route into an international shipping lane from Arctic waters.Nornickel…
Offshore Vessel Hits Platform at South Pars Field, Off Iran
An offshore vessel has this week allided with an offshore gas platform in Iran's South Pars gas field, according to Pars Oil and Gas Company.The incident happened Wednesday when the vessel hit the SPD12B gas platform in the Persian Gulf.A photo shared by POGC shows a vessel could be a fast crew supplier-type. The company didn't share vessel details.According to POGC, there were no casualties and the…
Russia Won't Restrict Other Countries Using Northern Sea Route
Russia will not restrict other countries using the Northern Sea Route across its northern flank, President Vladimir Putin said on Friday at an economic forum.The United States has previously accused Russia of demanding that foreign vessels request permissions to pass in the Arctic region and requiring Russian maritime pilots to board the ships, while threatening to use force against vessels failing to comply. (Reporting by Vladimir Soldatkin; Writing by Tom Balmforth; Editing by Edmund Blair)
Noble Corp. Sends Force Majeure Notice to Shell over Drillship Damaged in Storm
Offshore drilling contractor Noble Corporation has sent a force majeure notice to its client Shell over the Noble Globetrotter II drillship contract after the rig…
Solstad Offshore Wins Deals for 7 PSVs in West Africa
Norwegian offshore vessel owner Solstad Offshore said Friday it had secured contracts for seven platform supply vessels.Without sharing the client identity Solstad…
