GMS: Ship Recycling Faces Negative Pressures
The anticipated / ongoing seasonal slowdown in activity coupled with softening vessel prices has clearly started to characterize the year’s summer / monsoon mess across the Indian sub-continent ship recycling markets, reports cash buyer GMS.“However, the 2024 version not only includes the incessant rains and a holiday-time for yard workers, but also ongoing global descent via boots on the ground warfare…
Report: Preparing Tankers for Conversion to Green Fuels
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping has published a technical, environmental, and techno-economic analysis of the impacts of preparation and conversion of tankers for green fuels.Using insights from project partners, the project aimed to understand the technical requirements and cost of converting from fuel oil to methanol or ammonia and from NG to ammonia.The report considered reference designs for two types of tanker vessels: LR2 and VLCC.
Esgian Week 28 Report: Rig Activity Robust
Esgian provides an update on rig activity and discoveries in its Week 28 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesThe Norwegian Ocean Industry Authority (Havtil) has given Equinor consent for exploration drilling in blocks 32/4 and 32/7 in the North Sea.Operator LLOG Exploration Company is currently drilling its fifth well at the Buckskin field in the US GOM.Equinor and its partners Petoro…
Houthis Conduct Military Operations in Gulf of Aden, Israel's Eilat
Yemen's Houthis said on Sunday they had conducted two military operations, one in the Gulf of Aden and one in Eilat at the southern tip of Israel.Houthi military spokesperson Yahya Saree said the group had targeted the Israeli ship MSC UNIFIC in the Gulf of Aden with ballistic missiles and drones in addition to attacking military targets in Eilat with drones.The spokesperson said that the latest Houthi military operations came in response to the Israeli airstrike on Khan Younis on Saturday…
