MarineLink News Search
Search term • Up,-Up-and-Away?
Create an email alert for Up,-Up-and-Away?
China Taps Alternative Payments to Keep Russian Oil Flowing
Chinese refiners are paying for Russian crude oil using cash transfers to maintain imports from Russia’s Fast East, as banks shy away from financing the oil because of sanctions, sources with knowledge of the matter said.Global oil prices have soared to their highest in a decade as banks halted financing Russian oil after the United States and other countries ramped up sanctions on Moscow following its invasion of Ukraine.Spot crude premiums and freight rates also spiked…
Russian Energy Still Reaching UK Ports
Energy supplies originating from Russia were still being delivered to Britain on Friday after some dock workers at a terminal in southeast England sought to block a cargo in solidarity with Ukraine…
Waterjets For CTVs: Debunking The Myths
With more wind farms sprouting up in Europe, Asia and now here in the United States, a steady stream of crew transfer vessels (CTV) will be needed to support their construction, maintenance and operation. Typically aluminum catamarans, these vessels are deployed to ferry personnel and light equipment to and from offshore wind farms on a daily basis.While a solid portion of CTVs in the established European offshore wind market are propelled by waterjets…
EU Nations Considering Banning Russian Ships from Ports
European Union countries are considering a ban on Russian ships entering the bloc's ports, aiming to tighten sea restrictions after a halt on air traffic, European officials say, a step that would further hamper Russia's commercial shipments.Britain already decided on Monday to deny entry to British ports to all ships that are Russian owned, operated, controlled, chartered, registered or flagged. Canada followed on Tuesday…
Offshore Energy: Are Decommissioning Costs set to Spiral?
As offshore market activity recovers and continues to increase through the next decade, as we expect it to, oilfield service (OFS) capacity is expected to tighten.As offshore market activity recovers and continues to increase through the next decade, as NorthStone Advisors expect it to, oilfield service (OFS) capacity is expected to tighten. In NorthStone Advisors’ view, this will create a period of increased scarcity and cost inflation…
Coast Guard Honors Heroic Tugboat Crew
It was an unusually slow day on the docks back on April 21, 2021 when crewmembers onboard a Brusco tugboat sprang into action from the Port of Hueneme to assist a vessel in distress. A 17-year-old containership named the President Eisenhower was headed from Los Angeles to San Francisco when it suffered an engine room fire that disabled command of the vessel.A vessel named Teresa Brusco and her crew…
Turkey Can't Stop Russian Warships Accessing Black Sea, Says Foreign Minister
Turkey cannot stop Russian warships accessing the Black Sea via its straits, as Ukraine has requested, due to a clause in an international pact that allows vessels to return to their home base, the Turkish foreign minister said on Friday.Ukraine has appealed to Turkey to block Russian warships from passing through the Dardanelles and Bosphorus straits which lead to the Black Sea, after Moscow on Thursday launched a full-blown assault on Ukraine from land, air, and sea.
Equinor, Altera Pen Deal to Deploy Petrojarl Knarr FPSO at Long-stalled Rosebank Project
Norway's Equinor has confirmed to Offshore Engineer that it has signed an agreement with FPSO owner Altera Infrastructure that could see the Petrojarl Knarr FPSO redeployed at the long-stalled Rosebank project in the UK North Sea. The FPSO is currently producing oil from Shell's Knarr field, offshore Norway, where it has been since early 2015. In April 2020 Shell extended the Knarr contract to March 2022.The Rosebank field…
Argentina Grains Inspectors Start Strike; 'No Impact' at Ports
Argentina's grains inspectors began a 24-hour strike on Monday demanding bonus payments, but port activity and shipments of farm products were not affected in the South American country, the top global exporter of processed soybeans.Juan Carlos Peralta, press secretary of the URGARA union, said there was strong compliance with the strike action and that on Monday afternoon the union would hold another…
Two Trapped, Scores Rescued After Flames Engulf Greece-Italy Ferry
Two people are trapped on a ferry that was engulfed in a blaze as it sailed from Greece to Italy early on Friday, the coastguard said, after scores of others passengers and crew members were rescued.A total of 239 passengers and 51 crew were onboard the Italian-flagged Euroferry Olympia when the fire broke out and rescue vessels had taken most of them to the island of Corfu where ambulances were waiting, the Greek coastguard added."We were woken up around 4:20 a.m.
US Denies Its Submarine Entered Russian Territorial Waters
The United States on Saturday denied that it had carried out military operations in Russian territorial waters, after Moscow said a Russian naval vessel chased away a U.S. submarine in Russian waters in the Pacific.Russia accused Washington of breaking international law and creating a national security threat over the incident at a time of high tensions between Moscow and Washington over a Russian…
OneLearn Bringing Holograms to Maritime Training
Beaming someone’s hologram to people thousands of miles away is no longer a fantasy, with OneLearn Global revolutionizing the world of maritime training by turning science fiction into reality. The digital eLearning training provider will soon offer live courses run by holographic tutors from the company’s headquarters in Limassol, Cyprus, to audiences around the globe.“This next-generation technology…
ICS Announces Decarbonization Summit
Maritime trade group the International Chamber of Shipping (ICS) announced plans to host a high-level summit to address the challenge of decarbonization.Responding to a challenge thrown down by industry leaders in Glasgow, during COP26, ICS will work with partners to convene shipowners, ministers, maritime, energy and infrastructure leaders with the challenge of bringing forward a tangible path to decarbonize the sector.
Royal Caribbean's Return to Profit Delayed by Omicron Surge
Cruise operator Royal Caribbean Group said on Friday the lightning spread of the Omicron coronavirus variant would delay its return to profitability by a few months, another blow for one of the companies worst affected by the pandemic.The bleak prediction, as well as a larger-than-expected quarterly loss, sent Royal Caribbean's stock down 4% and also weighed on shares of rivals Carnival Corp and Norwegian…
Exploded Nigerian FPSO was 'old, badly maintained' - Sources
An oil vessel used for storage that exploded off the coast of Nigeria last week had not been maintained for some time and had technical issues, two sources and an environmental group said on Friday, as its wreckage lay in the sea after the fire was put out.The 10 crew members who were on board at the time of the explosion early on Wednesday remained unaccounted for, according to witnesses, amid fears…
Tug and Barge Transporting Munitions Run Aground on Florida Beach
A tug and barge ran aground Thursday night near Deerfield Beach, Fla., while transporting munitions from Port Canaveral to a U.S. Naval facility in the Bahamas.The U.S.-flagged tug Sea Eagle had four people on board when it began taking on water and went aground at 8:45 p.m. on Thursday, the U.S. Coast Guard (USCG) said. No injuries or pollution have been reported, and both the tug and barge are said…
British Navy Rejects Plan to Push Back Channel Migrant Boats
Britain's navy has rejected a plan to turn away boats illegally carrying migrants to its shores when it takes over responsibility for trying to stop people crossing the English Channel in small dinghies.The government said last month that it will hand the navy responsibility for policing small boats crossing between France to England, one of the world's busiest shipping lanes.Home Secretary Priti Patel approved plans last year for border officials, who have been dealing with the crossings, to be
Lack of Icebreaking Hampers Great Lakes Shipping
A lack of Coast Guard icebreaking assets is hampering U.S.-flag shipping on the Great Lakes, according to industry coalition the Great Lakes Maritime Task Force.“The inefficiency introduced into the Great Lakes Navigation System by inadequate Coast Guard icebreaking resources impacts the carriers, their customers and the entire North American Manufacturing supply chain,” said Jim Weakley, President of Great Lakes Maritime Task Force, and the Lake Carriers’ Association.
Repsol's Offshore Oil Unloading Ops Banned in Peru after Oil Spill
Peru Environment Minister Ruben Ramirez said on Monday the government will temporarily suspend Repsol's offshore oil unloading operations following a spill of over 10,000 barrels that has caused widespread environmental damage.Ramirez said the suspension of operations would last until the company "can offer technical guarantees that another spill will not happen.""In addition, (the company) has not…
Strategic Shift: POSH Focuses on Floating Wind, Divests Taiwan-based JV
PACC Offshore Services Holdings (“POSH”), a Singapore-based offshore marine services provider, said Friday it would be will be shifting its push into renewables…
