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South China Sea a 'Major Victory', Phillippine Group says
A Philippine group leading a civilian supply mission in the South China Sea reportedly delivered food and fuel to Filipino fishermen despite being shadowed by Chinese vessels, its officials said on Thursday, calling it a "major victory".A 10-member team was sent by the Atin Ito (This is Ours) group to the Scarborough Shoal a day ahead of a commercial flotilla of five commercial vessels and 100 small fishing boats that departed on May 15.
No Evidence of Ship-to-ship Transfer of Iranian Oil off Malaysia, PM Says
Malaysia Prime Minister Anwar Ibrahim said on Tuesday there was "not one shred of evidence" of ship-to-ship transfers of sanctioned Iranian oil off Malaysia, amid U.S. concern that Iran was using Malaysian service providers to move its oil.A senior U.S.
Interview: Caroline Yang, CEO, Hong Lam Marine & President, SSA
Caroline Yang, by anyone’s standard, is a busy woman. She is the CEO of Hong Lam Marine, a Singapore ship owner, which owns, operates and manages its own fleet of 33 vessels. She also is the president of the Singapore Shipping Association [SSA], a national trade association in one of the world’s most important and dynamic maritime hubs. She shares insight on her dual positions and the many challenges…
Philippines Sends Ships to Disputed Atoll
The Philippines said on Saturday it has deployed ships to a disputed area in the South China Sea, where it accused China of building "an artificial island" in an escalating maritime row.The coast guard sent a ship "to monitor the supposed illegal activities of China, creating 'an artificial island'," the office of President Ferdinand Marcos Jr said in a statement, adding two other vessels were in rotational…
IMO Plans Events for International Day for Women in Maritime
The role women play in ensuring maritime safety will be celebrated worldwide by the IMO on this year's International Day for Women in Maritime. Observed globally each year on May 18, International Day for Women in Maritime aims to promote the recruitment, retention and empowerment of women in the sector, as well as a barrier-free work environment.Ahead of the day, the IMO will host an international symposium on Friday…
Sapura Energy Lands $1.8B Petrobras Deal for Six Pipelaying Vessels and Subsea Services
Malaysia-based offshore services firm Sapura Energy has through its joint venture companies secured $1.8 billion worth of contracts with Brazil’s state-owned energy giant Petrobras for the provision of subsea services and six pipe-laying support vessels (PLSVs).Sapura Energy has through the joint ventures owned by Seabras Sapura Holding and Seabras Sapura Participações, in collaboration with Paratus Energy Services…
WinGD to Supply Engines for AET’s Ammonia-Fueled Aframax Tankers
Swiss marine power company WinGD has secured an order for its X‑DF‑A ammonia-fueled engines for what will be the world’s first ammonia dual-fuel Aframax tankers.Two vessels ordered by Singapore based ship owner and operator AET, a petroleum arm of Malaysia’s MISC Group, will be built at Dalian Shipbuilding Industry with six-cylinder X62DF-A engines, the newest addition to WinGD’s clean-fuel engine…
Esgian Week 18 Report: Confirmations, Terminations and Suspensions
Esgian reports an eventful week with contract confirmations, terminations and suspensions in its Week 18 Rig Analytics Market Roundup.Report SummaryContractsBurullus Gas Company, the self-operated joint venture between Shell Egypt, the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC) and Petronas, has agreed to move forward with the development of Phase…
US Issues Hundreds of Sanctions Targeting Russia, Takes Aim at Chinese Companies
The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.The U.S. Treasury Department imposed sanctions on nearly 200 targets and the State Department designated more than 80 in one of the most wide-ranging actions against Chinese companies so far in Washington's sanctions aimed at Russia.The U.S.
Philippines Accuses China of Damaging its Vessels in Sea Dispute
The Philippines on Tuesday accused China's coast guard of harassment and of damaging two of its boats in a disputed area of the South China Sea, rejecting Beijing's position that it had expelled those vessels from the hotly contested shoal.The Philippines' task force on South China Sea issues said a coast guard ship and a fisheries vessel were damaged by water cannons used by Chinese coast guard ships…
China's Coast Guard Expels Philippine Vessels from Scarborough Shoal
China's coast guard said on Monday it "expelled" a Philippine coast guard ship and another vessel from waters adjacent to the Scarborough Shoal, Chinese state media reported.The coast guard did not provide additional information, according to the report from Chinese state media broadcaster CCTV, but the incident was the latest to occur between the two countries at the disputed atoll in the South China Sea.Beijing and Manila have repeatedly clashed in recent months at the submerged reef…
China's Imports of Russian Oil Near Record High
Russia remained China's top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments.China's imports from Russia, including supplies via pipelines and sea-borne shipments, jumped 12.5% on the year to 10.81 million metric tons, or 2.55 million barrels per day (bpd) last month, according to data from the General Administration of Customs.That was quite close to…
Esgian Week 16 Report: Rigs on the Move
Esgian reports on the many rig movements that occurred last week in its Week 16 Rig Analytics Market Roundup.Report SummaryContractsADES Holding Company has received a letter of award from an international oil company for a one-year firm drilling contract for a jackup offshore Qatar.TotalEnergies has exercised a three-well option for Transocean 12,000-ft drillship Deepwater Skyros offshore Angola at a rate of $400…
MISC Signs Deals for World’s First Ammonia Dual-Fuel Oil Tankers
Malaysia’s MISC Group has entered into time charter party (TCP) and shipbuilding contracts for the development of world’s first two ammonia dual-fuel Aframax oil tankers.The TCP contract has been signed with Petronas' PETCO Trading Labuan Company (PTLCL), through MISC Group's petroleum arm AET.Using these vessels, PTLCL will be able to transport its products to customers around the world while contributing…
Esgian Week 15 Report: South America Remains Vital
Esgian reports on new contracts for Borr Drilling and Shelf Drilling (North Sea) jackups in its Week 15 Rig Analytics Market Roundup. Additionally, Energean has selected a drillship for its upcoming drilling campaign offshore Morocco. South America remains vital to the floating rig market, with ExxonMobil moving ahead on a sixth development on the prolific Stabroek block offshore Guyana and Petrobras…
Fueltrax Opens Vessel Operations Center in Kuala Lumpur
Electronic Fuel Management Systems (EFMS) company Fueltrax reports it has opened a Vessel Operations Center in Kuala Lumpur, Malaysia.This is Fueltrax’s second such center and the first outside of the company’s headquarters in the U.S. It provides closer-to-region coverage for Asia-Pacific customers.Ruben DeLeon, Fueltrax’s Vice President of Product Support, drew on his seven-year tenure at NASA's…
Esgian Week 14 Report: Major Jackup Contract Suspensions
Esgian reports various drilling contractors disclosing details of discussions with Saudi Aramco regarding jackup contract suspensions in its Week 14 Rig Analytics Market Roundup. These contractors include Shelf Drilling, ADES, Borr Drilling, Arabian Drilling, COSL, and ARO Drilling.Meanwhile, Transocean, Noble, and COSL rigs have firmed up new work in the US Gulf of Mexico, Suriname, and the North Sea…
Esgian Week 13 Report: Demand Shifts
Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand. Operations are expected to begin in the second half of 2024, with an unspecified jackup.Drilling Activity and DiscoveriesThe Norwegian Offshore Directorate…
Itochu, U-Ming Mull Ammonia-Fueled Ships
Japanese trading house Itochu Corp will study joint ownership and operation of ammonia-fueled ships with Taiwan's U-Ming Marine Transport Corp, Itochu said in a statement, as Japan is bets on ammonia to cut emissions.The shipping industry transports about 90% of world trade, and accounts for nearly 3% of the world's carbon dioxide emissions; and installing ship engines that burn cleaner fuels could…
Trafigura, Mercuria Switch Bunkering to Mauritius Amid Attacks
With more ships heading around the Cape of Good Hope due to attacks in the Red Sea region and a shutdown in their main South African bunkering operations, Mercuria and Trafigura have started refuelling services in Mauritius, four sources said.The two trading houses have opened operations in Port Louis to compensate for the shutdown at South Africa's Algoa Bay which stems from a tax dispute with authorities…