Ship Recyclers Caught in “Eerie Calm”
Cash buyer GMS reports an eerie calm has descended across tense global economies, including the destitute ship recycling sector.It’s been some time since a regular supply of a decent variety of vessels has been regularly available (likely the worst in a decade), says GMS. Levels have declined by over USD 100/LDT since the peaks of early 2024 and offerings continually retreat, firmly relegating all…
Watch: Rescue Services Extinguish Tanker Fire
The 73-meter-long German oil and chemical tanker Annika caught fire on October 11 whilst northeast of Kühlungsborn, Germany, in the Baltic Sea. The Maritime Rescue Co-ordination Centre (MRCC) Bremen, operated by the German Society for the Rescue of Shipwrecked People (DGzRS), led the response.The sea rescue boat Wilma Sikorski rescued all seven crew members shortly after the fire was reported, and…
Industry First: Sails Installed on Ethylene Carrier
Anthony Veder has retrofitted two sails on the ethylene carrier Coral Patula.With this installation by Econowind, Anthony Veder is the first company worldwide to install sails onboard a gas carrier. Later this year sister ship Coral Pearl will be equipped with two similar sails.The system is designed to work alongside existing engines, providing a boost in propulsion through the power of wind. The company anticipates fuel savings of around 5%…
Esgian Week 41 Report: Operators in Norway Preparing for Drilling
Esgian highlights that operators in Norway are preparing new wells for Odfjell Drilling, COSL and Saipem semisubs in its Week 41 Rig Analytics Market Roundup.Report SummaryContractsShelf Drilling has secured new contracts for its 350-ft jackups Shelf Drilling Achiever and Adriatic I offshore Nigeria.Drilling Activity and DiscoveriesThe Norwegian Environment Agency (Miljødirektoratet) has received an…
Singapore Tests Oil Spill Response Robot
The Maritime and Port Authority of Singapore (MPA) led the 16th Joint Oil Spill Exercise (JOSE) on October 11 and tested new oil spill response technologies.Over 100 personnel from 18 agencies and companies participated in JOSE 2024, which included a table-top exercise and a seaward deployment exercise at the Western Anchorage, off Pasir Panjang Terminal.Terminal operators on Jurong Island and Pulau Bukom activated their emergency protocols and deployed craft to spray dispersants.
