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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…
Maersk Will Avoid Red Sea Despite EU Security Operation
Shipping company Maersk said on Friday it was too early to resume sailings through the Red Sea due to a continued elevated risk level, despite an initiative by the European Union to increase safety in the region.Maersk, one of the world's biggest container shipping companies, suspended Red Sea traffic on Jan.
Petrobras Exec Says Gas Export Possible from Colombia Project
A promising area off Colombia's coast where Brazil state-run Petrobras is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday.As oil production in Brazil's prolific presalt region is set to plateau in coming years, Petrobras is expanding its horizons to new frontiers including the Equatorial Margin…
Shipping Companies Turn to Longer-Term Leases as Tanker Supply Tightens
Rising oil tanker chartering rates due to global shipping disruption are forcing oil shippers to take on longer-term shipping charters, executives said this week at an energy conference in Houston.The global oil tanker fleet must now travel further to get crude to refineries and fuel to consumers. European sanctions have forced Russian exporters to send oil to Asia that would have otherwise gone to Europe.
Houthis Target Vessel in the Red Sea, Yemeni Military Source Says
Yemen's Houthis targeted a fuel tanker, Mado, in the Red Sea with naval missile and Israel's Eilat port and resort region with winged missiles, the group's military spokesperson Yahya Sarea said on Tuesday.Mado is a Marshall-Islands flagged liquefied petroleum gas (LPG) tanker heading to Singapore from Saudi Arabia, maritime shipping trackers showed. The Houthis described it as American, but Equasis's shipping database indicates that it is owned by Naftomar Shipping & Trading Co Ltd of Greece.
IMO to Open Regional Office in Fiji
The IMO will open its seventh Regional Presence Office (RPO), in Suva, Fiji, after IMO Secretary-General, Arsenio Dominguez, and Fiji Minister for Transport, Ro Filipe Tuisawau, signed a Memorandum of Understanding on March 18.The Regional Presence Office will support the maritime needs and priorities of countries in the Pacific Islands region, aligning IMO actions with national and regional development policies…
Houthi Attacks Must Ease for Salvage of Two Vessels, IMO Head Says
Efforts to limit environmental damage from a cargo vessel that sank after a Houthi missile strike and another abandoned during a fiery assault are on hold until attacks on ships ease, the United Nations' maritime shipping regulatory agency said on Monday.The UK-owned Rubymar last month became the first vessel lost since the Houthis began targeting commercial ships in the Red Sea area in November. The bulk carrier with 21…
Pressure Builds for Charge on Shipping Sector's CO2 Emissions
The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector's greenhouse gas emissions, documents reviewed by Reuters showed.The documents, being discussed at an International Maritime Organization (IMO) meeting now entering a second week, outline four proposals with a combined 47 backers for…
JUB Pacific Bolsters Liftboat Fleet
JUB Pacific, a Singapore-based provider of specialized offshore liftboat services, has acquired one of the largest liftboats in Africa, said to be perfectly suited for servicing major players in the oil and gas sector within the Africa region.JUB Pacific acquired the Caracal Pioneer liftboat, which shall be renamed to JUB Pioneer, in a strategic move to extend the company’s global reach and solidify…
Esgian Week 11 Report: New Discoveries in UK and Namibia
Esgian reports that drilling contracts have been announced this week for operations in Brazil and the Philippines, and new discoveries have been confirmed in the UK and Namibia in its Week 11 Rig Analytics Market Roundup.ContractsCOSL Drilling has emerged as the winner for Petrobras' moored semisubmersible tender with the 4,600-ft Nanhai 8 (also known as Nan Hai Ba Hao).Noble has secured a high-dayrate…
Explosion Reported Near Ship Off Yemen Coast
The captain of a merchant ship east of Yemen's Aden has reported an explosion near the ship, the United Kingdom Maritime Trade Operations (UKMTO) agency said early on Sunday."No damage to the vessel has been reported and the crew are reported safe. The vessel is proceeding to its next port of call," UKMTO said in an advisory note.The ship was 85 nautical miles (157 km, 98 miles) east of Aden, in an…
Merchant Vessel West of Yemen's Hodeidah Not Hit by Missile as Earlier Reported
A daylight inspection showed that a merchant vessel was not hit or damaged in the Red Sea off Yemen's Hodeidah after initial reports it was struck by a missile, the United Kingdom Maritime Trade Operations (UKMTO) and British security firm Ambrey said on Friday.Iran-aligned Houthi militants in Yemen have repeatedly launched drones and missiles against international commercial shipping in the region…
Vessel Struck by Missile West of Yemen's Hodeidah
A merchant vessel reported it had been hit by a missile and sustained damage 76 nautical miles west of Yemen's Hodeidah, the United Kingdom Maritime Trade Operations (UKMTO) and the British security firm Ambrey said on Friday."The vessel has sustained some damage. The crew are reported safe and the vessel is proceeding to its next port of call," the UKMTO said in an advisory note.Ambrey also reported that the ship suffered damage and that there were no injuries.UKMTO said another ship…
Missiles Fly Over Ship near Yemen's al Hudaydah
The United Kingdom Maritime Trade Operations (UKMTO) organisation said early on Friday that it had received a report that missiles passed near a ship 50 nautical miles (93 km) southwest of al Hudaydah, Yemen."The Master reported two missiles flying over the vessel and heard two loud blasts in the distance," the UKMTO said in an advisory note, referring to the person in command of the ship.It added…
Hapag-Lloyd to Seek Cost Cuts After Net Profit Slump
German container shipper Hapag-Lloyd said on Thursday the global oversupply of container ships and a crisis in the Red Sea will force it to cut costs in 2024, adapting sailings and ports following a bruising 83% fall in net profit.Ship operators face prolonged disruption while Yemen-based Houthi militants are attacking vessels travelling on one of the world's busiest routes, wiping out the benefit from higher freight rates with costly redirections around Africa.Hapag-Lloyd's problems chime with
Hijacked Ship May Have Been Used in Attack near Somalia
Somali pirates who seized the Maltese-flagged bulk cargo ship Ruen in December may have used the vessel in the takeover of a Bangladesh-flagged cargo ship off the coast of Somalia two days ago, the European Union naval force said on Thursday.Somali pirates caused chaos in important global waterways for a decade leading up to 2018, but had been dormant until a resurgence of attacks starting late last year.If confirmed…
Houthis Vow to Attack More Shipping Lanes
The leader of Yemen's Houthis, Abdul Malik al-Houthi, said on Thursday the group's operations targeting vessels will escalate to prevent Israel-linked ships from passing through the Indian Ocean towards the Cape of Good Hope."Our main battle is to prevent ships linked to the Israeli enemy from passing through not only the Arabian Sea, the Red Sea and the Gulf of Aden, but also the Indian Ocean towards the Cape of Good Hope.
Trafigura, Mercuria Switch Bunkering to Mauritius Amid Attacks
With more ships heading around the Cape of Good Hope due to attacks in the Red Sea region and a shutdown in their main South African bunkering operations, Mercuria and Trafigura have started refuelling services in Mauritius, four sources said.The two trading houses have opened operations in Port Louis to compensate for the shutdown at South Africa's Algoa Bay which stems from a tax dispute with authorities…
Armed Pirates Board Cargo Ship Off Somalia
Twenty armed people have boarded a cargo ship off the coast of Somalia and have taken control of it, a maritime security firm said on Tuesday.The vessel is the latest to be targeted following a resurgence of attacks by Somali pirates in recent months although the maritime security firm, Ambrey, did not specify that it was Somali pirates who boarded the ship.Ambrey said the ship was a Bangladesh-flagged…
Philippine Seafarers Who Survived Houthi Red Sea Attack Arrive Home
Eleven Filipino seafarers arrived in the Philippines on Tuesday nearly a week after they survived a Houthi missile attack off Yemen.They were crew members of the Barbados-flagged, Greek operated merchant ship True Confidence which the Houthis attacked last week, killing three sailors, including two Filipinos. The migrant workers' ministry said in a statement the 11 survivors received government help on arriving in Manila.Mark Anthony Dagohoy…