News
Diana Shipping Finds Work for Panamax Bulker
Greek dry bulk ship owner Diana Shipping has entered into a time charter contract for one of its Panamax dry bulk vessels with Dutch grain distributor Glencore Grain B.V. The vessel in question is the 77,901 dwt MV Ismene, which was hired at a gross charter rate of USD 5,850 per day, minus a 5% comm
Seaway Heavy Lifting Installs Dudgeon OSS Topside
Seaway Heavy Lifting (SHL) has completed its work on the 402MW Dudgeon offshore wind farm by installing the topside for the wind farm’s offshore substation on Sunday, 7 August. SHL utilised its crane vessel Oleg Strashnov to install the topside. Prior to that, Oleg Strashnov installed the wind farm’
COSCO Clinches Order for Three Containerships
COSCO Corporation (Singapore) Limited has secured an order from a European buyer to build three 1,750 TEU containerships at the company’s COSCO Guangdong shipyard. The container vessels are scheduled for delivery in the second and third quarter of 2019, respectively. The parties have agreed to keep
Royal IHC Replaces CEO
Royal IHC has announced that on September 01, 2016, Bram Roelse will step down as the CEO of the company. Following the resignation of Bram Roelse, Dave Vander Heyde will take the position of Royal IHC’s CEO. Dave Vander Heyde will start as CEO on September 01, 2016, IHC informed. He has been CFO at
VIDEO: Hit by severe storm, Transocean rig runs aground in UK
The Transocean Winner semi-submersible drilling rig has run aground in the UK after having been struck by severe storms. According to a statement by the UK Maritime and Coastguard Agency (MCA), overnight on Sunday, Stornoway Coastguard was in communication with the tug Alp Forward which encountered
RSPB bids UK support for ‘deep water’ renewables
Royal Society for the Protection of Birds (RSPB) has called for a renewed commitment by the UK Government to renewable energy on the closing day of the consultation on whether the support for renewable energy projects should continue beyond 2020.
NOC Urges Conflicted Groups Not to Destroy Zueitina Port
Libya’s National Oil Corporation (NOC) on August 7 called on rival armed groups to avoid destroying the oil port of Zueitina. The Petroleum Facilities Guards (PFG) and the Government of National Accord (GNA) inked a deal in July this year to reopen the country’s three oil ports, Ras Lanuf, Zueitina,
Singapore’s Keppel set to deliver fifth anchor handler to Seaways
Singapore’s Keppel Offshore & Marine is set to deliver an anchor handling tug to its client Seaways International. According to Keppel, the vessel was named Seaways 24 at a ceremony held on Monday, August 8. The ceremony was held at the Keppel Singmarine’s yard. Keppel Singmarine, which built the Se
NAT’s Earnings Decrease Despite Larger Fleet
Bermuda-based tanker owner Nordic American Tankers (NAT) has seen its operating cash flow drop to USD 40.7 million in the second quarter of 2016 from an operating cash flow of USD 54.5 million reported in the same quarter a year earlier. The company said that the second quarter of the year showed “s
Zeebrugge schedules LNG reload to Turkey
Fluxys-operated Zeebrugge LNG terminal in Belgium is set to re-export a cargo of chilled gas aboard the 160,000 cbm Golar Seal LNG carrier. The 2013-built LNG vessel, owned by Golar LNG, is scheduled to dock at the Zeebrugge terminal’s jetty on August 12. Following the loading of previously imported
Monitoring Surf Zone Bathymetry by Using Coastal Imaging Systems
From the air to the sea, Mooloolaba and Maroochydore beaches are this week in the sights of University of the Sunshine Coast researchers working in collaboration with Sunshine Coast Council on a project to map the ocean floor to improve coastal zone management. Lecturer in Physical Geography, Dr Jav
DW: After narrowing by year-end, oil oversupply to grow again in 2017
There is a general consensus amongst industry analysts that the oil oversupply creating the current market downturn will narrow by the end of 2016, Douglas-Westwood, an energy intelligence group, said in its DW Monday report. However, DW said, it is highly likely that the oversupply will increase on
GasLog Partners Adds Over USD 53 Mn of Fresh Funds
Owner and operator of LNG carriers GasLog Partners has collected some USD 53.2 million through its public offering of 2.75 million common units. The public offering price was USD 19.50 per common unit. GasLog Partners said that the net proceeds, which were collected from the offering, after deductin
Report: Offshore ‘slave ship’ released in Aberdeen
The Malaviya Seven offshore support vessel, detained in UK in June over ‘slave-like’ conditions aboard, has reportedly been released. To remind, the Indian-flagged vessel, with Indian crew, had been detained since June 15, after the authorities in Aberdeen, Scotland, seized the vessel upon the disco