Proponents Disagree on Potential of Australian Live Sheep Trade
Former live export veterinarian and animal welfare advocate Dr Lynn Simpson has joined the debate on the future prospects of Australia’s live sheep trade that was sparked by industry veteran and veterinarian Dr Tony Brightling. The official industry body for the trade sees the future differently.Australia legislated a ban on the live export of sheep by sea from 1 May 2028 over animal welfare concerns, but Simpson also points to a shortage of vessels that is impacting prospects…
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…
Esgian Week 37 Report: New Contracts for Floating Rigs
Esgian provides an update on new contract awards for floating rigs in its Week 37 Rig Analytics Market Roundup.Report SummaryContractsTransocean Ltd. has secured a 365-day contract for the 12,000-ft drillship Deepwater Atlas with bp in the US GOM.Norwegian operator Aker BP has extended the contract for Saipem’s 10,000-ft semisub Scarabeo 8 in Norway.Drilling Activity and DiscoveriesEquinor has found hydrocarbons at the Sitka C-02 exploration well in the Flemish Pass area offshore Newfoundland & Labrador…
Telemar to Provide Support Services to GNV
Telemar, a provider of smart maintenance and remote access technologies, signed an agreement with GNV (Grandi Navi Veloci) to provide safety maintenance services on its growing fleet.GNV has awarded Telemar a contract for management and maintenance of GMDSS and navigation safety installations on its newbuildings GNV Polaris, GNV Orion and GNV Virgo, constructed at CSSC shipyard Guangzhou. These new ships, which will boost ferry services in the Mediterranean and beyond, mark a…
Esgian Week 33 Report: New Contracts in North Sea, Nigeria
Esgian provides an update on new jack-up contracts in the North Sea and Nigeria in its Week 33 Rig Analytics Market Roundup.Report SummaryContractsBorr Drilling 400-ft jackup Prospector 1 has secured a contract extension with ONE-Dyas for work offshore the UK and the Netherlands, scheduled to run from February to April 2025.Shelf Drilling 300-ft jackup Harvey H. Ward has received a notice of suspension from Saudi Aramco for up to one year.Shelf Drilling 350-ft jackup Shelf Drilling…
CMA CGM Sees Shipping Demand Holding Up After Restocking Wave
Shipping giant CMA CGM said on Thursday that brisk international trade and Red Sea disruption supported its main maritime division in the second quarter and should limit any market slowdown later this year as new ship capacity arrives.The world's third-largest container shipping line reported a 6.8% year-on-year increase in volumes in the second quarter. Volumes also rose more than 6% from the first three months of the year when the group started seeing an upturn in demand.Restocking by U.S.
Esgian Week 27 Report: A Lull in Contracting
Esgian provides an update on the current lull in contracting in its Week 27 Rig Analytics Market Roundup.Report SummaryContractsAban Offshore-owned 250-ft jackup Aban II has received a letter of award (LOA) from Oil India for an offshore work program in Andhra Pradesh, India.Shelf Drilling North Sea has secured a new 17-month contract for the 400-ft Shelf Drilling Winner (previously known as Noble Sam Turner) jackup rig with TotalEnergies EP Denmark.Drilling Activity and DiscoveriesThe…
Esgian Week 21 Report: Tender Opportunities Emerging in Africa
Esgian provides an update on new commitments confirmed for Odfjell Drilling and Borr Drilling rigs and new tender opportunities emerging in Africa in its Week 21 Rig Analytics Market Roundup.Report SummaryContractsEquinor has exercised an option to extend the use of Odfjell Drilling’s 10,000-ft Deepsea Aberdeen for a batch of eight wells on the Norwegian Continental Shelf. With this, Odfjell Drilling’s owned fleet of four semisubs has a firm backlog until at least mid-2026.Borr Drilling has confirmed new work for its 400-ft jackup Prospector 1 in the UK and the Netherlands…
Esgian Week 15 Report: South America Remains Vital
Esgian reports on new contracts for Borr Drilling and Shelf Drilling (North Sea) jackups in its Week 15 Rig Analytics Market Roundup. Additionally, Energean has selected a drillship for its upcoming drilling campaign offshore Morocco. South America remains vital to the floating rig market, with ExxonMobil moving ahead on a sixth development on the prolific Stabroek block offshore Guyana and Petrobras reporting a new discovery in Brazil's Potiguar Basin.Report Outline:ContractsBorr Drilling has announced new contract commitments for three of its premium jackup rigs…
Esgian Week 12 Report: New Finds in Guyana, China and Norway
Esgian reports fresh finds confirmed in Guyana, China and Norway in its Week 12 Rig Analytics Market Roundup.Report Outline:ContractsDolphin Drilling has announced the award of a $154 million drilling contract from India's exploration and production company, Oil India Limited (Oil India), to the 6,000-ft semisub Blackford Dolphin.Malaysian offshore drilling firm Velesto confirmed Friday it had recently secured long-term contract extensions for three of its jackup rigs with Petronas Carigali…
DFDS Completes FRS Iberia/Maroc Acquisition
DFDS has completed its acquisition of FRS Iberia/Maroc, a short-sea ferry company connecting Spain and Morocco via the Strait of Gibraltar.“We are excited to start the integration of FRS Iberia/Maroc and look forward to applying our joint capabilities to grow the business while continuing to provide reliable, efficient ferry services to both passengers and freight customers,” said Torben Carlsen, CEO of DFDS.Reporting preliminary revenue of DKK 1.0bn for 2023, FRS Iberia/Maroc has three routes operated by a total of 850 staff of which just over 400 are own employees.
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. The first well in the campaign will be a sidetrack of an existing well (B1z) on the Bittern field.
US Sanctions Two Tanker Owners for Carrying Russian Oil Above Price Cap
The U.S. on Thursday imposed the first sanctions on owners of tankers carrying Russian oil above the G7 price cap of $60 a barrel, one based in Turkey and one in the United Arab Emirates, in an effort to close loopholes on the mechanism designed to punish Moscow for the war in Ukraine.The U.S., other G7 countries and Australia imposed the cap last year, seeking to reduce Russia's revenues from seaborne oil exports as part of sanctions for its invasion of Ukraine.The cap bans Western companies from providing maritime services, including insurance, finance and shipping, for Russian seaborne oil exports sold above $60 a barrel, while seeking to keep oil flowing to markets. Caps also were imposed on Russian fuel exports.U.S.
Safehaven Marine Launches New Pilot Boat for Svitzer
Safehaven Marine, an Irish builder of pilot, patrol and survey vessels, this week launched a new pilot boat for Svitzer’s operations at Tanger Med 2 in Morocco.The newly built Svitzer Oued Laou is powered by a pair of 500-horsepower Volvo Penta D13 engines. The 48-foot launch has an operational speed of 24.5 knots carrying seven pilots and crew. The vessel is self-righting and capable of operating in all weather conditions, the builder said.Safehaven Marine said the vessel is the fourth Interceptor 48 pilot boat supplied to Svitzer.
Russia's Seaborne Diesel Exports on the Rise
Russia's seaborne diesel and gasoil exports in August rose by 2% from a month earlier to about 3.85 million metric tons on healthy fuel production, data from traders and LSEG showed.Idle primary oil refining capacity for August was estimated at 3.1 million metric tons versus 2.458 million metric tons in July, Refinitiv Eikon data and Reuters calculations showed.After the full EU embargo on Russian oil products took effect on Feb. 5, Turkey remains the main destination for Russian diesel and gasoil seaborne exports…
Two Dead as Algerian Coastguard Fires at Jet Skiers Who Strayed Into its Sea from Morocco
Algeria's defense ministry said on Sunday its coastguard fired warning shots before firing directly at a man on a jet ski who entered Algerian waters, in an incident that a survivor said left two dead.The incident took place on Tuesday after five men strayed into Algerian waters on jet skis near the Moroccan coastal resort of Saidia on Algeria's border, according to Mohamed Kissi, who said he survived the shooting.Algeria's defense ministry released its version of events in a statement on Sunday. "After multiple attempts, shots were fired on a jet ski," the ministry said.
Spain Possibly Locates Missing Boat Carrying 200 Migrants, Sends Help
A Spanish reconnaissance plane has found what could be a fishing vessel from Senegal with about 200 migrants on board that has been missing for nearly two weeks, the maritime rescue service said on Monday."The plane has found a large boat with some 200 people on board, 71 miles to the south of Gran Canaria," a spokesperson for the service told Reuters, adding it was "possible" that it was the missing vessel.A rescue ship was on its way and would take about two-and-a-half hours to reach the location, the spokesperson added.
Russia's Seaborne Diesel Exports Rise in June as Maintenance Eases
Russia's seaborne diesel and gasoil exports in June rose by 13% from a month earlier to about 3.6 million tonnes as seasonal refineries maintenance eased, data from traders and Refinitiv Eikon showed. Idle primary oil refining capacity for June was estimated at 4.029 million tonnes, down from May, and may fall to 1.683 million tonnes in July, Refinitiv data and Reuters calculations showed. In August, Russia will also cut its oil exports by 500,000 barrels per day (bpd), potentially yielding more supply for domestic refining and fuel production. Since the full EU embargo on Russian oil products took effect on Feb. 5, Turkey remains the main destination for Russian diesel and gasoil seaborne exports…
Western Restrictions on Russian Oil Reshuffle Global Shipping Patterns
Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns.As a result of the European Union ban on Russian fuel that started on Feb. 5, tankers carrying clean oil products such as gasoline, diesel, jet fuel and naphtha are traveling between 16 and 18 days to bring Russian supplies to Brazil or U.S. cargoes to Europe…
Saudi Arabia Urges Improved Maritime Security in Gulf
Saudi Arabia wants enhanced maritime security in the crucial Gulf region as part of its rapprochement with long-timerival Iran, Foreign Minister Prince Faisal bin Farhan said on Saturday.Iran and Saudi Arabia agreed in March, in a deal brokered by China, to end a diplomatic rift and reestablish relations following years of hostility that had endangered regional stability including in the Gulf, Yemen, Syria and Lebanon."I would like to refer to the importance of cooperation between the two countries on regional security, especially the security of maritime navigation...
CMA CGM Acquires La Méridionale, New Ship Orders Planned
The CMA CGM Group today finalized the acquisition of La Méridionale, a mixed-use freight and passenger shipping company established in Marseille since 1931. La Méridionale currently has four RoPax vessels, which operate up to 13 weekly crossings between Marseille, Porto Vecchio and Ajaccio, plus connections between Marseille and Morocco.The acquisition of La Méridionale complements the new division of the CMA CGM Group dedicated to specialized shipping operations. This division encompasses the new car carrier business…
XLCC Concludes Model Testing for Its New Cable Layer
U.K. based cable company XLCC announced it has completed model testing on its new cable laying vessel (CLV) in the Netherlands.XLCC has partnered closely with the vessel designer Salt Ship Design, who has planned the vessel from conception using 3D engineering software.XLCC also partnered with SeaTec, the technical services division of global ship management company V.Group. SeaTec was appointed to develop the initial statement of requirements and has continued to support XLCC…
Mass. Maritime Holds Change of Command Ceremony
Massachusetts Maritime Academy conducted its annual regimental Change of Command Ceremony in conjunction with the celebration of National Maritime Day on Wednesday, May 24.The Change of Command Ceremony is both the symbolic and physical transfer of leadership responsibilities from the graduating senior class to members of the junior class. During the ceremony, held at the Clean Harbors Athletic Stadium on the Academy’s campus, the outgoing Regiment of Cadets Commander 1/C Abigail Pope of Falmouth, Mass., passed her responsibilities to 2/C Cole Francavilla of Stoneham, Mass.