Ship Recycling Market Continues “Dark Year”
For the second running week and on the back of firming Chinese plate prices last week, ship recycling markets felt some positive moves as local plate prices remain on a positive to firm footing across the board, reports cash buyer GMS.However, increasing magnification into local markets proved to be a reality check, says GMS, due to the ongoing lack of tonnage that has been typical of this “dark year” in ship recycling.“After the U.S.
Esgian Week 40 Report: TotalEnergies Sanctions New Development
Esgian highlights news from TotalEnergies in its Week 40 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesThe Norwegian Ocean Industry Authority (Havtil) has given Aker BP consent to use the 492-ft jackup Noble Invincible for production drilling on the Tambar Øst (East) field offshore Norway.TotalEnergies will resume exploration drilling in the Orange Basin offshore Namibia in the fourth quarter of 2024 with the Tamboti prospect…
IMO Finalizes Norwegian and Canadian ECA Designations
The IMO’s Marine Environment Protection Committee (MEPC) held its 82nd session from September 30 to October 4, 2024, with outcomes including the adoption of the Canadian Arctic and the Norwegian Sea as NOx, SOx and PM Emission Control Areas.The relevant MARPOL amendments will enter into force on March 1, 2026.DNV reports that for the Canadian Arctic:• The 0.10% fuel sulphur content requirement takes effect from March 1…
New Zealand Navy Ship Runs Aground and Sinks
A Royal New Zealand Navy vessel ran aground and sank off Samoa but all 75 crew and passengers on board were safe, the New Zealand Defence Force said in a statement on Sunday.Manawanui, the navy's specialist dive and hydrographic vessel, ran aground near the southern coast of Upolu on Saturday night as it was conducting a reef survey, Commodore Shane Arndell, the maritime component commander of the New Zealand Defence Force…
