U.S. Rig Count Drops, But E&P Spend Up 13%
U.S. energy companies this week cut oil rigs for a second straight week, and notched the first monthly fall since March.Drillers cut four oil rigs in the week to June 29, bringing the total count down to 858, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. <RIG-OL-USA-BHI>That was the first time drillers cut rigs for two weeks in a row since October 2017.
East China Sea Dispute: Japan Protests China Drilling Vessel
Japan has protested to China for allowing a gas drilling vessel to operate in disputed waters in the East China Sea, the government said on Friday.
Innovation Starts @ Marine Hub Cornwall
Marine Hub Cornwall are on a mission to showcase the UK’s southwest coast as a world class center for marine technology and innovation. Working alongside Invest in Cornwall, which manages inward investment into the region, Marine Hub’s Operations Director, Matt Hodson, explains why he believes Cornwall is best positioned to be a global hub for the marine renewable industry.To kick off, can you give…
Struggle to Control Libyan Oil Ports Adds to Global Supply Worries
Libyan oil production could face protracted disruption as factions in the east have sought to seize control of crude exports, adding pressure to a tight global market.Eastern…
VIKING Boosts Support for Japanese Shipowners
Viking is establishing a local presence in Japan to support its growing relationships with local shipowners.Viking Japan builds upon an alliance with MOL Techno-Trade that began five years ago when VIKING’s products were first added to the maritime supplier’s portfolio. “Prior to joining MOL Techno-Trade’s product line-up, VIKING’s representation in Japan was limited,” said VIKING Vice President for the Asian region, Bjarne Kolbo Nielsen.
Marine Electronics: ComNav P4 Autopilot
ComNav has launched the new P4 Autopilot, an adaptive autopilot system designed for all vessel types.Featuring a large 5.7” display, the ComNav P4 autopilot was built for effortless operation and intuitive control with easily accessible, customizable parameters for commercial fleets, fishing boats, yachts, and tugs. The P4 is equipped with ComNav’s Intelligent Steering Technology or ‘IST’.The P4 has automatic Sea State adjustment for course holding in all weather conditions.
Teekay LNG Partners Announces CFO Transition
Teekay LNG Partners L.P. has announced that Brody Speers, the current Chief Financial Officer (CFO) of Teekay Gas Group Ltd., a management services company that…
European Commission Signs Grant Agreement: Official Start of NAVAIS
With the signature of INEA (Innovation & Networks Executive Agency of the European Commission) on the Grant Agreement of NAVAIS, the project officially started on June, 1 2018. NAVAIS is a multiannual research- and innovation program for the shipbuilding industry. The results of NAVAIS will increase efficiency in design and flexibility in production networks. In total, the European Commission will invest € 6.5 million Euros ($7.5 mln) over a period of four years…
Mega Cranes for Port Everglades
Broward County’s Port Everglades reports that it is progressing with manufacturing the first three new Super Post-Panamax container-handling gantry cranes being built by Shanghai Zhenhua Heavy Industries Co., Ltd. Inc. (ZPMC) of China. The design phase is nearing completion, and today Port Everglades Chief Executive Steven Cernak issued a second notice to proceed to begin manufacturing the cranes valued…
Eco Marine Power Launches Hybrid Battery Packs
In cooperation with its strategic partners Furukawa Battery and Teramoto Iron Works, Eco Marine Power (EMP) has announced the release of two UB-50-12 hybrid battery packs for ship, offshore and land-based renewable energy projects. These safe, reliable and recyclable battery packs will be available in 2.4kWh and 3.6kWh configurations. Multiple battery packs can be installed together to provide the amount of energy storage needed from small scale installations to larger energy storage projects.
$12.5m Awarded for Drydock Repairs in Hawaii
GSI Pacific Inc.,* Honolulu, Hawaii, is awarded $12,481,550 for a firm-fixed-price task order (N6247818F4183) under a previously awarded multiple award construction…
Baltic Index Rises on Stronger Capesize Rates
The Baltic Exchange's main sea freight index rose for the second straight session on Friday on higher rates for capesize vessels. The overall index, which tracks…
$200m in Funds for Newport News Shipbuilding
Huntington Ingalls Industries, Newport News Shipbuilding Inc., Newport News, Virginia, is awarded a not-to-exceed $200,446,196 undefinitized fixed-price, incentive…
BP Long on Millions of Barrels of Crude off China
BP operates largest teapot marketing team among majors; four BP-chartered tankers have trouble unloading off China. Four supertankers chartered by energy major BP…
Libyan Coastguard: 100 migrants May Have Drowned Near Tripoli
Around 100 people are thought to have drowned from a migrant boat off Libya's western coast, a coastguard official said on Friday. The coastguard picked up 14 survivors…
Fincantieri's Ancona Lays Keel for Seven Seas Splendor
Italian shipbuilder Fincantieri has held a keel laying ceremony for Seven Seas Splendor, the second cruise ship being built for Regent Seven Seas Cruises, a brand…
Novatek, Sovcomflot Pact for LNG Shipping from Yamal LNG
Leonid Mikhelson, Chairman of the Management Board of PAO Novatek and Sergey Frank, General Director of PAO Sovcomflot have signed a Strategic Cooperation Agreement…
Customers Not Happy with Service Quality of Ocean Carriers
The service provided by container shipping lines has deteriorated since 2016 and is now seen by exporters, importers and freight forwarders as more problematic,…
Secretary of the Navy Visits Marinette Shipyard
Secretary of the Navy, The Honorable Richard V. Spencer, visited the Fincantieri Marinette Marine shipyard, the home of Freedom-Variant Littoral Combat Ship production.
Euroseas Sells Bulk Carrier M/V Monica
Euroseas, an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced the delivery of M/V Monica P…
