The outlook for the global shipping sector for the coming 12 to 18 months remains negative, according to Moody’s new report. The key drivers of the negative outlook are a combination of expectations that the global economy will shrink in 2020 due to the impact of the pandemic and the road to recover
The maritime sector is the backbone of the global supply chain, with 90 per cent of the world trade, from fish that we eat for dinner to gas for our cars, being carried by sea from one part of the world to another. Keeping global trade moving during the COVID-19 pandemic has been one of […]
Hit by the second industry downturn in five years, global awards for FPSO vessels will likely be limited to a single unit in 2020, Rystad Energy believes.
As much as 40 per cent of maintenance work carried out by floating production storage and offloading (FPSO) vessel operators was described as “unnecessary” by a report from UK’s classification society Lloyd’s Register (LR).
The labor market is on lockdown since the start of the corona crisis, however the first signs of change are starting to appear.
South Africa-based energy company Sasol has decided to relinquish its exploration licence offshore Mozambique.
Five crew members of a general cargo ship Kota Budi have been kidnapped by armed men off Cotonou, Benin, Dryad Global said citing a high confidence source. The kidnapped crew, including the master, are all Chinese nationals. The multipurpose vessel, built in 2013, is owned and operated by Singapore’
Ports can play a pivotal role in the world’s decarbonization challenge by becoming renewable energy hubs, increasing their electricity generating capacity more than tenfold in the next 30 years with the help of offshore wind and hydrogen, a new report from DNV GL finds. By 2050, the total electricit
A group of armed men attacked the FPSO Sendje Berge some 30 nautical miles southwest from Bonny Island, earlier today, kidnapping some of its crew members. The news first emerged on the website of the UK-based security intel firm Dryad Global, which cited a ‘high confidence’ report, according to whi
Odfjell Drilling’s semi-submersible drilling rig Deepsea Stavanger has mobilized from Norway to South Africa for a drilling campaign with Total.
The worldwide offshore rig count in June 2020 dropped by 65 rigs year-over-year and 2 rigs sequentially, according to a report by Baker Hughes.
A staggering number of seafarers is being impacted by the inability to carry out crew changes due to the COVID-19 restrictions imposed on travel by national governments across the globe. Despite incessant calls from the maritime bodies, seafarers are yet to be designated as ‘key workers’ and exempte
