News
Marine Harvest Charters DESS Aquaculture’s Two New Wellboats
DESS Aquaculture Shipping and Marine Harvest Norge have entered into agreements for long term charter of two new wellboats. Both vessels will be delivered as newbuildings in 2019 and will immediately upon delivery start five year charter contracts with Marine Harvest. DESS Aquaculture have awarded t
PGNiG to secure more U.S. LNG supplies
More U.S.-produced liquefied natural gas (LNG) could be landing in Poland as state-owned PGNiG entered talks to import more volumes, president’s senior advisor, Krzysztof Szczerski said.
IMB: 87 Maritime Piracy Incidents in 1H, 2017
The first half of 2017 saw a total of 87 incidents reported to the IMB Piracy Reporting Centre compared with 97 for the same period last year, indicating a continuing decline in the number of reported incidents of maritime piracy and armed robbery against ships. Recording some of the lowest figures
Greek Coast Guard Fires Upon Turkish Cargo Ship
A Turkish general cargo ship has been fired upon by the Greek Coast Guard boat while cruising off the coast of the island of Rhodes. MV Act was on its way from the port of İskenderun to the port of İzmit on Monday, July 3 when the incident occurred, as informed by Turkish Foreign Affairs Ministry. T
Rolande LNG takes over ENN Clean Fuels
The Dutch company, Rolande LNG has taken over ENN Clean Fuels, a unit of Chinese privately-owned ENN Energy Holdings, expanding its network of liquefied natural gas stations.
MEPC 71 Kicks Off
The 71st session of the Marine Environment Protection Committee (MEPC 71) has started at International Maritime Organization (IMO) Headquarters in London. A key item on the agenda is the implementation of the Ballast Water Management (BWM) Convention which is scheduled to enter into force on Septemb
Report: Simon Møkster in double vessel sale
Simon Møkster Shipping, a Norway-based offshore vessel owner, has reportedly sold two anchor handlers. According to VesselsValue.com, the Norwegian company has found a buyer or buyers, for the Stril Commander and Still Challenger vessels, both built by Havyard in 2009. VesselsValue has not disclosed
GE, Baker Hughes complete combination
Oilfield service provider Baker Hughes said its combination with GE’s oil and gas unit has been completed, creating a “fullstream oil and gas company.”
Barrier management audit finds flaws on ExxonMobil’s Ringhorne
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has found three non-conformities and four improvement points during an audit of barrier management at ExxonMobil’s Ringhorne in the North Sea. The PSA said on Tuesday that it identified three regulatory non-conformities regarding
Gazprom, Socar talk Azerbaijan gas supplies
Rusian gas giant Gazprom and Azeri state energy company Socar have held talks regarding natural gas supplies to Azerbaijan. A working meeting between Alexey Miller, Chief Executive of Gazprom, and his counterpart Rovnag Abdullayev took place in St. Petersburg on Sunday. The parties discussed coopera
Awilco LNG completes secondary offering, gets new CFO
Oslo-based Awilco LNG, the owner of two 156,000-cbm LNG carriers, said Monday it sold about 58 percent of the shares it was seeking to sell in a follow-on public offering after the company also completed a private placement. According to a statement by Awilco LNG, 3.36 million shares were subscribed
Clarksons: Shipbuilding Cycles – What Can Be Learnt from The Past?
The current situation in the shipbuilding industry, characterized by the trough in newbuilding orders, will improve if contracting levels increase, according to Clarksons Research. Trade growth, the replacement of older, less efficient ships and stricter environmental regulations could support yard
Demolition: Time to Take The Bitter Pill
Low freight rates should be the best incentive for owners to take the bitter pill and scrap some of the outdated tonnage in order to bring the necessary ease to the heavily oversupplied market, according to BIMCO’s Chief Analyst Peter Sand. Freight rates have experienced a solid rebound from the 201
UK offshore workers vote for strike action over pay dispute
UK offshore workers have voted for strike action in last week’s ballot, but unions don’t have the numbers to support it. Namely, members of the GMB union working for employers within the Offshore Contractors Association (OCA) on Friday voted overwhelmingly to take industrial action over pay and cond