Ship Recycling Fundamentals Remain Shaky
Global ship recycling fundamentals remain shaky, reports cash buyer GMS, as Indian and Pakistani steel plate prices reported unexpected moves bought on by the 30% tariffs levied on a variety of goods being imported from China.In addition, the U.S. Dollar continues to “belly dance” around the various recycling nation currencies reporting the (comparatively) worst week for the Bangladeshi Taka as the…
Vessel’s Second Conversion Saves CO2 Emissions
Green Yard Kleven has completed the conversion of an 80-meter walk-to-work vessel into a cable lay and repair services vessel for NTT, one of the largest telecommunications companies in Asia.The ship was originally built as an MT6007 seismic vessel but was later converted into a walk-to-work vessel for offshore wind.The Vega II is now under contract for cable work in Asian waters. It will replace the…
Esgian Week 38 Report: Contracting has Slowed
Esgian has no rig contracts to announced but provides an update on rig moves and drilling operations in the US Gulf of Mexico, Canada, Morocco and Norway in its Week 38 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesExxonMobil has abandoned the Persephone C-54 well on EL 1169 in the Orphan Basin offshore Newfoundland, Canada.Seadrill’s 12,000-ft drillship West Neptune has resumed drilling operations on LLOG’s Who Dat South exploration well in the US Gulf of Mexico…
