Seaway 7 Charters Maersk Connector Cable Layer
Danish offshore vessel operator Maersk Supply Service has secured a one-year contract for its Maersk Connector cable laying vessel with Seaway 7, a renewables branch…
Seadrill Closer to Chapter 11 Emergence as Court Nod Granted
Offshore drilling company Seadrill has moved a step closer to reaching bankruptcy emergence after the United States Bankruptcy Court for the Southern District of Texas approved the disclosure statement for the company's proposed plan of reorganization.Seadrill said Friday that the court had authorized the company to distribute the disclosure statement and solicit votes from all lenders on the Plan.
Coast Guard Probing 350 Reports of Oil Spills in Wake of Hurricane Ida
The U.S. Coast Guard on Monday said it was probing nearly 350 reports of oil spills in and along the U.S. Gulf Coast in the wake of Hurricane Ida.Hurricane Ida's 150 mile per hour (240 kph) winds wreaked havoc on offshore oil production platforms and onshore oil and gas processing plants. About 88% of the region's offshore oil production remains shut and more than 100 platforms unoccupied after the storm made landfall Aug.
Wärtsilä's Cargo Handling System for Fratelli Cosulich's LNG Bunkering Vessel
Finland-based marine equipment maker Wärtsilä will deliver a complete cargo handling system for a new LNG bunkering vessel being built in China for Italy's Fratelli Cosulich.The Wärtsilä system selected for this 8,200 cbm capacity bunkering vessel, under construction to at the Nantong CIMC Sinopacific Offshore and Engineering shipyard in China, includes a complete engineering, design and equipment supply package for the cargo handling system…
Global Offshore Lands Arcadis Ost 1 Offshore Wind Farm Gig
Global Offshore, part of Global Marine Group, has won a contract for the installation and burial of 27 array cables at Parkwind’s Arcadis Ost 1 offshore wind farm in the German Sector of the Baltic SeaGlobal Offshore will be responsible for the project management and marine engineering; cable protection systems supply and installation, pre and post lay surveys, cable loading and laying, cable burial…
Coast Guard: No Active Discharge Near Reported Oil Spill Sites in Gulf of Mexico
Following reports of oil spills found along the Southeast Louisiana coast in the aftermath of Hurricane Ida, the U.S. Coast Guard said Monday it had conducted overflights Sunday that focused on two locations previously identified for further investigation."Members of the National Strike Force aboard a Coast Guard HC-144 flew over Bay Marchand, south of Port Fourchon, Louisiana, and the Enterprise Offshore Drilling rig in the Gulf of Mexico…
BP Delivers Carbon Offset LNG Cargo to CPC in Taiwan
Oil major BP said Monday that its BP Singapore branch had delivered its ‎first carbon offset liquefied natural gas (LNG) cargo to CPC Corporation, Taiwan ‎‎(“CPC”), to the Yung An terminal in Taiwan in September 2021. The LNG was sourced ‎from BP’s LNG portfolio.‎"This is BP’s first delivery of carbon offset LNG in the Asia-Pacific region, following its ‎first delivery globally to Sempra LNG at the Energia Costa Azul terminal in Mexico in ‎July 2021.
DOF Subsea Sells Skandi Neptune Vessel
Norwegian offshore vessel owner DOF Subsea has sold its 2001-built construction support vessel Skandi Neptune.According to DOF Subsea, the vessel has been sold to…
Hyundai Heavy Industries Raises $935M. Eyes New Tech Investments
South Korean shipbuilder Hyundai Heavy Industries has raised $935 million after pricing its IPO at the top of its indicative range, with much of the proceeds set to fund investments in new technology.It offered 18 million new shares or 20% of shares outstanding in a range of 52,000-60,000 won per share.It is expected to list on the KOSPI on Sept. 16.Hyundai Heavy plans to use about 760 billion won ($660 million) of the proceeds to invest in future technologies…
Shipping Industry Proposes Levy to Accelerate Zero Carbon Future
Leading shipping associations have proposed creating a global levy on carbon emissions from ships to help speed up the industry's efforts to go greener.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions and the sector is under growing pressure to get cleaner.For the first time, the International Chamber of Shipping (ICS) and Intercargo jointly proposed a levy based on mandatory contributions by ships trading globally…
U.S. Offshore Oil Output Still Mostly Down a Week after Hurricane Ida
Damage to oil production facilities in the U.S. Gulf of Mexico kept output largely halted on Sunday, a week after Hurricane Ida made landfall, according to offshore regulator the Bureau of Safety and Environmental Enforcement (BSEE).Energy companies have been coping with damaged platforms and onshore power outages and logistical issues, slowing efforts to restart production. Some 88% of crude oil output…
Divers to Try to Locate Oil Spill Source in U.S. Gulf of Mexico
A private dive team will try to locate the source of a suspected oil spill spotted in the Bay Marchand area of the Gulf of Mexico on Sunday, after Hurricane Ida wreaked havoc in the region this week, the U.S. Coast Guard said on Saturday.U.S. National Oceanic and Atmospheric Administration satellite images, first reported by the Associated Press on Wednesday, showed a miles-long brownish-black slick spreading in coastal waters about two miles off Port Fourchon…
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…
