News
Chevron: Gulf of Mexico ops back to normal following Storm Nate
According to Reuters, U.S. oil giant Chevron said on Wednesday it resumed normal operations in the U.S. Gulf of Mexico after Storm Nate knocked out its oil and gas output. The news agency said that the company shut in at least five Gulf platforms and evacuated all staff ahead of Storm Nate, shutting
MAIB: Alcohol May Have Led to PLA Pilot’s Fatal Fall
Alcohol consumption is likely to have contributed to an accident during cargo vessel boarding in October 2016, which led to the loss of life of a Port of London Authority (PLA) sea pilot, according to a report by Marine Accident Investigation Branch (MAIB). On October 5 the pilot Gordon Coates was a
Industry Associations Welcome UK Govt’s Offshore Wind Fund
RenewableUK and the Offshore Wind Industry Council (OWIC) have welcomed the UK Government making available up to GBP 557 million for the future Contract for Difference (CfD) auctions and the announcement that the next CfD round will be held in spring 2019.
Ichthys LNG, Prelude FLNG projects tied to Vocus communications system
Australian telecommunications specialist, Vocus, has connected the Inpex-operated Ichthys LNG project and Shell’s Prelude FLNG facility off Western Australia to its fiber-optic North-West Cable System.
TSB: SBI Carioca Refloated at High Tide
The bulk carrier SBI Carioca, which ran aground around 8 am on October 11 off New Brunswick, was refloated with the help of two tugs at high tide in the evening hours the same day. The vessel is scheduled to dock at Belledune “sometime this morning,” Pierre Murray, Transportation Safety Board (TSB)
Queensland to open new acreage for gas exploration
Australia’s Queensland will release almost 18,000 square km for exploration for gas to power local manufacturing and generate LNG royalties.
South Korea Takes the Lead in Ship Orders in September
Following the last year’s turmoil in the sector, shipyards from South Korea won the majority of orders worldwide in September 2017 and their order backlog increased for the first time in almost a 2-year period. Specifically, the country’s shipyards bagged orders amounting to a gross tonnage of 1.46
Sovcomflot names third Sakhalin-bound icebreaking supplier
Russia’s Sovcomflot (SCF) has held a naming ceremony on Wednesday for a new icebreaker supply vessel built by the Arctech Helsinki Shipyard. Sovcomflot said on Thursday that the construction deal for the four vessels was contracted to United Shipbuilding Corporation, with the actual construction bei
Spotted: Cruise Ship Duo Checks In at DP World Limassol
As the autumn cruise season already kicked off at the DP World Limassol, two cruise ships called at the terminal on the same day, September 27. Mein Schiff 1, owned by German cruise line TUI Cruises, berthed overnight at the terminal. The 76,522 gross ton vessel features a length of 263.9 meters and
MarCy17: Profitability Is Around the Corner?
Regaining profitability in the freight transportation industry is a tangible target for the very near future, it was concluded during a panel on Market Forecasting on the final day of Maritime Cyprus 2017 conference in Limassol on Wednesday. The prediction has been based on improving fundamental bal
No-Deal on Brexit Would Hurt EU Ports As Well
Members of the Maritime UK, including representatives of the British Ports Association, UK Chamber of Shipping, Baltic Exchange and Solent LEP, have been briefed of a potential no-deal scenario on Brexit in talks between the UK and the European Union. Namely, Maritime UK members met with Hilary Benn
Hamburg Port to Attract Clean Ships with New Fee System
The Hamburg Port Authority (HPA) plans to introduce a new fee rating system featuring an environmental component in an effort to support clean vessels calling at the port. “Our tariff and environmental policy sends a clear signal to the citizens of Hamburg, the shipping companies, and port industrie
Report: Subsea 7 says no to Baker Hughes takeover
Baker Hughes, a GE company has reportedly held talks to acquire subsea services contractor Subsea 7. Wall Street Journal (WSJ) has this week cited people close to the matter who claimed that negotiations broke down over valuation. Even though initial negotiations broke off, one of WSJ’s sources stat
India’s government approves LNG cooperation deal with Japan
India’s government has approved the memorandum of cooperation between India and Japan for the establishment of a liquid, flexible and global LNG market.