Oil Rallies on Chinese Import Boost and Mideast Tensions
Oil prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put Brent on track for a nearly 3 percent weekly gain. The developments added to other signs that the market was finally rebalancing after years of excess, but analysts warned that the 2018 balance was still shaky. Brent was at $57.20 at 1335 GMT, up 95 cents. U.S. West Texas Intermediate (WTI) crude was at $51.44 per barrel, up 84 cents from its last settlement.
Vard to Negotiate for Three Coast Guard Vessels for Norway
Ship designer and builder Vard Holdings Limited announced that it has been invited to continue negotiations for the construction of three new vessels for the Norwegian Coast Guard.
Hybrid Energy Storage Solution Installed on Viking Princess
Wärtsilä said it completed the installation of a hybrid energy system on board offshore supply vessel (OSV) Viking Princess. The Norwegian vessel is now the first ever OSV in which batteries reduce the number of generators aboard the ship. The new energy storage solution will improve engine efficiency, generate fuel savings and reduce greenhouse gas emissions. Viking Princess completed sea trials and the system was handed over to customer Eidesvik Offshore on October 9, 2017.
Daly Joins Sea Machines as COO
Boston-based smart ship technology company Sea Machines Robotics has hired Jim Daly as Chief Operating Officer. Daly was previously Chief Operating Officer and an…
New Integrated Solution for DP Reference Systems
Fusing its decades of experience within the development of in-house GNSS and inertial technology, Kongsberg has created a cutting-edge integrated solution for DP reference applications. DPS i2 and DPS i4 are fully scalable DP reference solutions that improve operational efficiency and safety for high-precision applications. The new integrated solution has been in operation aboard the OSV Bourbon Arctic in Northern Norway for the past six months.
The Environmental Age: What Will Power Future Ships?
What will power the future shipping fleet? What will the future fuel mix be? These questions are being asked with greater frequency in the wake of the Global 2020 Sulphur Cap ruling agreed at the International Maritime Organization and other tightening regulations around air pollution and emissions from shipping operations. The need to take action is, in turn, driving the development and application of innovative alternative power and propulsion technology for ships.
Unique Barge-ferry Delivered in Canada
At the completion of its 1,000 km drive along the highway from Edmonton to Hay River and the 850 km sail down the Mackenzie River to Norman Wells, the Aurora Yukon was delivered to its owner by the builder Waiward Steel LP of Edmonton, AB. The Aurora Yukon will operate with an existing tug, to carry vehicles and passengers across the Mackenzie River at Norman Wells. The Aurora Yukon replaces an existing barge which was originally built in 1969. The barge was designed by Robert Allan Ltd.
Markey ARR Winch System: Tried & Tested in the Toughest Tug Challenges
For more than 30 years, Markey Machinery has worked with the LNG and marine transportation Industries with the goal of developing winches designed to work under the most challenging conditions. The effort includes extensive design shop testing and actual commercial work, a combination that has ultimately produced an understanding of the operational issues facing terminal and tug operators. The many…
About 13% US Gulf Oil Output Offline Due to Hurricane Nate
About 13 percent of U.S. Gulf of Mexico oil production remains offline in the aftermath of Hurricane Nate, the U.S. Department of the Interior's Bureau of Safety…
HII CEO Petters Joins Manufacturers Association Board of Directors
Mike Petters, president and CEO of Huntington Ingalls Industries, has been named to the board of directors of National Association of Manufacturers (NAM), an industrial trade association in the United States. According to the NAM, Petters will join its board to advance a manufacturing policy agenda that promotes growth and prosperity for all Americans. Founded in 1895, the NAM presently has more than 14…