PDVSA Diverts Crude Tanker from Curacao
Venezuela's state-run PDVSA ordered a tanker carrying Russian oil that was waiting to discharge at its Curacao terminal to divert to Venezuelan waters after ConocoPhillipsā¦
Keel Laid for Second Bibby Wavemaster
Construction on Bibby Marine Servicesā second service operations vessel (SOV) is underway at Damen Shipyards Galati in Romania less than a year after Bibby took delivery of sister ship Bibby Wavemaster 1.Bibby ordered the new SOV in early 2018 after lining up a charter for the vessel in December 2017. The new vessel, scheduled to be delivered in 2019, will go to work under contract for Siemens Gamesaā¦
Bibby Offshore Bags Spirit Energy Contract
Subsea services provider Bibby Offshore said it has secured a fixed term framework agreement with independent oil and gas operator Spirit Energy.Awarded in April, the two-year agreement, which follows on from a previous five-year agreement, will see Bibby Offshore carry out inspection repair and maintenance (IRM) works, remotely operated vehicle (ROV) inspection and subsea survey operations across a number of North Sea structures and pipelines.The project will utilize Bibby Offshoreās diverse fl
Maritime Cybersecurity: A New Approach is Needed
It is time to move toward a quantitative approach that provides deeper understanding of individual risk elements observed in marine operating systems.Increasing connectivity in complex maritime operating systems is escalating the potential impact of cyber-related incidents and complicating the task of defending against them. Traditional methods for assessing cyber risk provide inadequate guidance for applying limited security resources.Currentlyā¦
Op/Ed: The Mississippi River is Boiling!
U.S.-Flag dredgers answer the call in the Mississippi River Basin.Major flooding this winter in the Mississippi River Basin has created significant increased shoaling in the Southwest Pass Channel of the Mississippi River. Shoaling is generally described as the river containing elevated levels of sand and sediment resulting in high water levels and river swelling. The Southwest Pass, spanning the lower end of the Mississippi River (Baton Rougeā¦
Ingalls Begins Building US' Next Destroyer
With the first 100 tons of steel cut, Huntington Ingalls Industriesā (HII) Ingalls Shipbuilding division has officially started fabrication of the Arleigh Burke-class (DDG 51) destroyer Jack H. Lucas (DDG 125).DDG 125, named to honor Capt. Jack H. Lucas, the youngest Marine and the youngest service member in World War II to receive the Medal of Honor, is the fifth of five Arleigh Burke-class destroyersā¦
Tug Smashes Wharf in New Orleans
The wharf at New Orleansā Mardi Gras World was heavily damage as result of a tug allision on Monday.No injuries, pollution or effects to vessel traffic in the area have been reported.The U.S. Coast Guard said it received a report at approximately 6:50 p.m. that the uninspected towing vessel Steve Richoux allided with the wharf. Local media reported the vessel was pushing four barges at the time of the allision.The U.S.
DNV GL to Class Royal Caribbeanās New ICON Ships
Finnish shipbuilder Meyer Turku and DNV GL have signed a contract for the classification of Royal Caribbean Internationalās two new ICON Class cruise ships scheduled for delivery in 2022 and 2024.The final concept for the first vessel is currently being discussed, and the concept design phase is expected to start this spring. The initial building phase of the first ship will begin next year, with keelā¦
China'a April Exports Stronger than Expected
China's exports rebounded more strongly than expected in April after a surprise drop the previous month, suggesting global demand remains relatively resilient and providing a cushion to the economy amid a heated trade dispute with the United States.Imports in April also grew more robustly than anticipated, signalling China's domestic demand is holding up well, good news for policymakers looking to soften the blow from any trade shocks.China's April exports rose 12.9 percent from a year earlierā¦
Could US Sanctions Hit Iranian Crude Exports?
Oil prices are at more than three-year highs, driven by an expectation that renewed U.S. sanctions on Tehran over the country's nuclear program will disrupt Iranian crude flows.But without the Europe Union, or Iran's other big crude customers, joining the effort, as the EU did in 2012, it will be harder for Washington to hit Iran where it really hurts.U.S.
Poland Cuts Dependence on Russian Oil but at a Cost
Poland's imports of Russian oil last year fell to their lowest level since 2005, a central bank report published on Tuesday showed, though Warsaw's bid to diversify its energy imports also meant paying higher prices.Russian oil accounted for 76 percent of all oil purchases, down from 96 percent in 2012, as state-run refiners PKN Orlen and Lotos increased their purchases of oil from sources other thanā¦
Great Lakes/Seaway Iron Ore Trade Behind 2017
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 5.5 million tons in April, a decrease of 6.3 percent compared to a year ago but nearly 15 percent ahead of the monthās five-year average, the Lake Carriersā Association (LCA) reported.Shipments from U.S. Great Lakes ports in April were down 4.5 percent at 5.1 million tons, LCA said. The mine that shipped through Escanaba, Mich. has been permanently idled, meaning all the iron ore shipped to U.S.
Shell Awards Deepwater Installation Contract in GOM
In another sign that activity in the moribund offshore sector is starting to loosen, Jumbo said that it has won the installation contract for the Shell deep-water Vito development in the US Gulf of Mexico. The Vito development is located in the Mississippi Canyon, approximately 150 miles south of New Orleans in water depth of more than 4,000 feet. Jumboās installation contract involves the initial pre-lay of the mooring system as well as the subsequent tow and hook-up of the FPS.
Study Calls to Reduce Ship Speed for Arctic
In the Arctic, marine mammals such as belugas and bowhead whales rely on a quiet environment to communicate and forage. But as Arctic sea ice shrinks and shipping traffic increasesā¦
DP World to Develop Egypt Port Terminal
A Memorandum of Understanding (MoU) agreed by DP World, Egyptās Holding Company for Maritime and Land Transport and the Suez Canal Authority is aiming to developā¦
Port of Amsterdam Introduces Bin2Barrel
In the port of Amsterdam the construction has started of a new facility that will convert non-recyclable plastic into fuel for the transport sector, which will cut down COā emission by 57ā¦
Navios Maritime Containers Acquires Three Containerships
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced that it agreed to acquire three containerships for a total purchase price of $117.25 million.
Diana Shipping Signs TC Contract for m/v Houston with SwissMarine
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vesselsā¦
Glencore-QIA Halts Selling Rosneft Stake to China Energy Company
A consortium of Qatar Investment Authority (QIA) and AngloāSwiss mining company Glencore has scrapped a deal to sell 14.16% stake in Rosneft to CEFC China Energy Company.
Port of Newcastle CEO Geoff Crowe Resigns
Port of Newcastle advises that Geoff Crowe, Chief Executive Officer, has informed the Board of his intention to resign, effective at the end of June. Geoff joinedā¦
