Emissions-Focused AI Project Secures Funding
A project, GASS, led by Navtor, with six other Norwegian research, innovation and industry partners, has been awarded 44 million Norwegian kroner to develop new commercial AI-enhanced technology and services to optimize the energy usage of vessels and ships.Navtor, Grieg Star, Maritime CleanTech, Scandinavian Reach Technologies, Simula Research Laboratory, SinOceanic Shipping and Sustainable Energy…
C-NLOPB Updates Hebron Field Volume Estimate
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has approved the Development Plan Amendment (DPA) for the Hebron Field.The Hebron oil field is located offshore Newfoundland and Labrador, Canada, in the Jeanne d'Arc Basin 340 kilometers southeast of St. John's. The field was first discovered in 1980, and is estimated to produce more than 700 million barrels of recoverable resources.
Esgian: Rigs on the Move in Asia and Europe
This week Esgian’s Week 50 Rig Analytics Market Roundup notes developments in the semisub sector including that Shell has decided to exercise its option on Stena Don in the North Sea but not on Deepsea Bollsta in Namibia. Meanwhile, a new contract for the Transocean Barents will see it operate in the Black Sea, and jackup Shelf Drilling Perseverance will move to Vietnam.ContractsShelf Drilling has…
Singapore and Japan Agree Green Shipping Corridor
The Ministry of Transport of the Republic of Singapore (MOT) and the Ministry of Land, Infrastructure, Transport and Tourism of Japan (MLIT) have signed a memorandum of cooperation to establish the Singapore – Japan Green and Digital Shipping Corridor.Japan is one of Singapore’s top 10 trading partners, and the trade volume between the two countries totaled S$65 billion in 2022.Under the collaboration…
Recycling Market Sees Trickle of Deals
It is clear that sub-continent ship recycling markets are not going to have the bumper conclusion to 2023 that many had been hoping for, reports cash buyer GMS.“Instead, only a trickle of deals are being done to muted markets, as demand and sentiments continue to struggle for another week,” says GMS. “There was one further container deal done, amidst a last quarter flurry, but dry bulk supply has stalled as trading markets have enjoyed an unexpected spike…
US Destroyer Downs 14 Drones in Red Sea
U.S. guided-missile destroyer shot down 14 drones launched by Yemen's Houthis in the Red Sea on Saturday, the U.S. Central Command said in a statement."In the early morning hours of December 16 (Sanna time) the U.S. Arliegh Burke-class guided missile destroyer USS Carney (DDG 64), operating in the Red Sea, successfully engaged 14 unmanned aerial systems launched as a drone wave from Houthi-controlled areas of Yemen…
Suez Canal Authority Monitoring Tensions in Red Sea
Egypt's Suez Canal Authority said on Sunday it was closely monitoring the impact of tensions in the Red Sea after recent attacks by Yemen's Houthis on vessels in the southern part of the basin.Two major freight firms, MSC and CMA CGM, said on Saturday they would avoid the Suez Canal as Houthi militants stepped up their assaults.The authority is "closely following the consequences of current tensions," the body's chairman, Osama Rabie, said in a statement.
