Oil Rises after Houthi Attack on Ship
Oil rose on Tuesday as an attack by the Iran-aligned Houthis on a chemical tanker escalated geopolitical tension in the Middle East, though concerns over excess supply and slowing demand kept a lid on gains.A cruise missile launched from Houthi-controlled Yemen struck a commercial chemical tanker, causing a fire and damage but no casualties in the latest such attack to heighten safety risks for tankers in vital shipping lanes.Brent crude futures LCOc1 for February rose 21 cents…
Cruise Missile from Yemen Strikes Tanker
A land-based cruise missile launched from Houthi-controlled Yemen has struck a commercial tanker vessel, causing a fire and damage but no casualties, two U.S. defense officials told Reuters on Monday.The attack on the tanker Strinda took place about 60 nautical miles (111km) north of the Bab al-Mandab Strait about 2100 GMT, one of the officials said. The U.S. Navy destroyer USS Mason was there and rendered aid…
Ship Recycling Market Remains Slumped
The lackluster end to the year in subcontinent recycling markets continues for another week as disappointed owners and cash buyers face selling their inventory into markets where prices have slumped, reports cash buyer GMS.Several dry bulk sales were below USD 500/LT LDT into India in the lowest confirmed deals for several months.Steel prices have declined in India by almost 10% in a shock to many…
Plans in Progress for New North Sea Wells
Esgian has published its Week 49 Rig Market Roundup highlighting new drilling activity in the North Sea and a new licensing deal in Morocco.Drilling Activity and DiscoveriesSerica Energy is continuing with plans for its four-well drilling campaign in the UK North Sea, scheduled for 2024 and early 2025. The campaign will be carried out using the semisubmersible COSLInnovator. All four wells are production wells.
BIMCO Adopts Four ETS Clauses
BIMCO’s Documentary Committee has adopted a new Emission Trading Scheme Allowances Clause for BIMCO’s ship management agreement, SHIPMAN, and three ETS clauses for Voyage Charter Parties. The clauses aim to facilitate collaboration and provide clarity and certainty between parties as new regulations come into force, changing the way the industry operates to achieve compliance and cut emissions.On January 1…
Basic Design Completed for Conversion of Old LNG Carriers
NYK Line, Namura Shipbuilding and Sasebo Heavy Industries are collaborating to replace the main propulsion on steam turbine driven Moss-type LNG carriers to dual-fuel diesel engines and have now completed the basic design step.In October 2023, NYK was granted Approval in Principle (AiP) from ClassNK for the concept, and the three companies will now proceed with a detailed design.The aim is to improve environmental performance…
Nations and Industry Partners Respond to Green Shipping Challenge
Norway’s Prime Minister Jonas Gahr Støre and US Special Presidential Envoy for Climate John Kerry are co-leading an international initiative to accelerate reduction of emissions from the shipping sector, and on December 1, during COP28, they chaired a new round of announcements under that initiative, the Green Shipping Challenge.Various countries and organizations proposed measures to reduce emissions from shipping.
ABS Chairman and CEO Honors IMO Secretary General
ABS Chairman and Chief Executive Officer Christopher J. Wiernicki expressed the thanks of a grateful industry to IMO Secretary General Kitack Lim at the official gala dinner to mark the transition to his successor Arsenio Dominguez. Speaking to more than 250 assembled leaders of the shipping industry at COP28, Wiernicki detailed Secretary General Lim’s “glittering legacy of achievement” and honored their shared commitment to safety.
US Proposes Offshore Wind Auction for Central Atlantic Areas Next Year
The Biden administration on Monday announced a plan to sell offshore wind development rights for two areas off the coasts of Delaware, Maryland and Virginia next year.The proposed sale by auction is the latest effort by President Joe Biden's Interior Department to accelerate the expansion of offshore wind energy to combat climate change.The administration has forged ahead with its ambitious offshore…
UK to Transfer Two Minehunters to Ukraine
Britain said on Monday it would transfer two Royal Navy minehunter ships to the Ukrainian Navy, as it sets up a new maritime defence coalition alongside Norway to help strengthen Ukraine's sea operations.Britain said the two Sandown Class mine countermeasures vessels will enable Ukraine to better counter the threat from Russian sea mines, aiming to restore Ukraine's export routes via the Black Sea.The…
Sanmar Delivers LNG-powered Tug to HaiSea Marine
The first new LNG-fueled escort tug built by Sanmar Shipyards in Türkiye for HaiSea Marine has arrived in Vancouver, Canada, ahead of being transferred to LNG Canada’s new export facility in Kitimat.HaiSea Kermode is Canada’s first LNG-fueled tugboat and will soon be joined by its sister tug HaiSea Warrior to form a fleet of five with three Sanmar-built electric-powered emissions-free ElectRA harbor tugs.
New Blue Sky Report Outlines N. America Roadmap to Net Zero Maritime Transport
The Blue Sky Maritime Coalition (BSMC) has released a new report titled, Roadmap to Net-Zero Emissions: North American Waterborne Transportation, which envisions industry-wide decarbonization by 2050 and identifies the guiding principles and key actions that will help the maritime value chain meet that vision.By understanding what success in 2050 looks like for each stakeholder, the roadmap works backwards to identify the steps and pathways needed to bring that future to reality.
US Starts Internal Discussions About Renewing North American Trade Pact
U.S. officials have begun informal talks to prepare for new negotiations on the North American Free Trade Agreement (NAFTA), David Cohen, the country's ambassador to Canada, told CBC News in an interview published Saturday."On the U.S.
Canada’s Fifth Arctic and Offshore Patrol Ship Launched
The Royal Canadian Navy’s fifth Arctic and Offshore Patrol Ship (AOPS), the future HMCS Frédérick Rolette, was launched December 9, 2023, at Irving Shipbuilding's Halifax Shipyard.A full two months ahead of schedule, the 103-metre future HMCS Frédérick Rolette transitioned from Halifax Shipyard’s land level facility to a submersible barge on December 8 and launched in the Bedford Basin. The ship is…
New Vessel Built for UK's Eastern IFCS
Eastern Inshore Fisheries and Conservation Agency's new Lynx Catamaran recently went on sea trials off the coast of Great Yarmouth and Lowestoft.Designed by Chartwell Marine and built by Goodchild Marine Services, the newbuild, Protector, has an overall length of 16.2 meters and a beam of 6.5 meters. Powered by Volvo Penta D8 IMO Tier III compliant engines, the vessel delivers a top speed of 22 knots…
C-Innovation Names Cribley Business Development Manager
Edison Chouest Offshore (ECO) affiliate C-Innovation (C-I) has welcomed back Lucas Cribley as its new business development manager.During his more than 20-year career, Cribley worked as the program manager and first employee in a joint venture start-up between ECO and FMC Technologies, in which he secured and managed major Inspection, Maintenance, & Repair (IMR), light construction, and Riserless Light Well Intervention (RWLI) projects.
Yemen's Houthis Warn They Will Target All Ships Headed to Israel
Yemen's Houthi movement said on Saturday they would target all ships heading to Israel, regardless of their nationality, and warned all international shipping companies against dealing with Israeli ports.The Iran-aligned group is escalating the risks of a regional conflict amid a brutal war between Israel and the Palestinian militant group Hamas.The Houthis have attacked and seized several Israeli-linked ships in the Red Sea and its Bab al-Mandab strait…
Yinson Aims to Curb FPSO Emissions with Carbon Capture
Yinson is aiming to leverage advanced carbon capture technology to reduce greenhouse gas emissions from its FPSO operations.The company announced its Yinson Production Offshore Pte Ltd arm has made a strategic investment in Ionada, developer of innovative carbon capture technology.According to Yinson, Ionada's technology has potential to support the offshore oil and gas industry's transition to low-carbon operations.
Panama Canal Woes to Delay Grain Ships well into '24
Bulk grain shippers hauling crops from the U.S. Gulf Coast export hub to Asia are sailing longer routes and paying higher freight costs to avoid vessel congestion and record-high transit fees in the drought-hit Panama Canal, traders and analysts said.The shipping snarl through one of the world's main maritime trade routes comes at the peak season for U.S. crop exports, and the higher costs are threatening to dent demand for U.S.
DEME wins Saudi Arabia Dredging Contract
A consortium of Saudi Archirodon and DEME has been awarded the second phase of transformation work for the Port of NEOM, the primary seaport of entry to northwest Saudi Arabia.Based in Oxagon, Port of NEOM is located along the coast of the Red Sea and is adjacent to the nearby Suez Canal, through which 13% of global trade passes. The port will be a critical enabler to the overall build, operations and economic ambitions of NEOM…
