U.S.-based offshore drilling contractor Noble Corporation on Wednesday announced it has completed its acquisition of peer Diamond Offshore Drilling. The merger creates the industry's largest fleet of 7th generation dual-BOP drillships and adds 4.8 rig years and approximately $2 billion to the Noble backlog, which now stands at $6.7 billion.
The Panama Canal expects to increase the number of daily transit slots for vessels to 36 from the current 34 beginning in September, the canal's deputy administrator said, as rains allow authorities to ease drought-imposed restrictions.Panama experienced its third-driest year on record in 2023
Recent developments in the Red Sea and surrounding waterways suggest that the threat to international shipping from Yemen's Houthis is growing, U.N. Special Envoy to Yemen Hans Grundberg told the U.N. Security Council on Tuesday.In a briefing on the situation in Yemen, Grundberg warned of a real danger of a devastating regional escalation following new Houthi attacks on commercial shipping and
The U.S. Transportation Department on Friday said it reached an agreement with Baltimore County to revise an $8.26 million grant agreement to enable Tradepoint Atlantic (TPA) to accommodate more cargo.Repurposing the funds will allow a boost in cargo to Sparrows Point at the Port of Baltimore
Risk is the "new normal" for the global ocean shipping industry that handles 80% of global trade as pressure from geopolitical tensions, rising protectionism and climate change mounts."There are going to be global tensions ... and I think global dangers, at a level we haven't seen since the end of World War II," former U.S.
The first electric tugs of the SAAM Towage's fleet, built by SANMAR Shipyards, have reached the Port of Vancouver in Canada. The vessels are named Saam Volta and Chief Dan George."We continue to make progress on this milestone for SAAM Towage, which is part of our strategy to drive innovation and development for increasingly sustainable operations.
The international maritime industry, led by the International Chamber of Shipping, has joined together to express their concern for the seafarers from the Galaxy Leader who have been held hostage and call on the Houthis to release them.Monday February 19, 2024 marks the three-month anniversary since the Houthis seized the Galaxy Leader and its 25 seafarers in the Red Sea.
Major cruise operators are steering their ships - and millions of dollars in investments - into their own private destinations packed with excursions, beaches, bars and restaurants.The phenomenon appears to have started with Royal Caribbean Group, which in 2019 opened "Perfect Day at CocoCay," an amusement park-like private destination in The Bahamas that has caught the eye of Wall Street.
A huge fire that erupted early on Tuesday at an oil tank in Venezuela's La Salina terminal operated by state company PDVSA was extinguished on Wednesday, authorities said.The fire broke out during a storm at the facility used by the state oil company near Venezuela's western city of Cabimas to store and ship crude between domestic ports.
New Jersey officials on Monday said the state would not grant awards for new offshore wind contracts, a sign that U.S. President Donald Trump's order to review the federal offshore wind program is putting a chill on the industry.The announcement by the New Jersey Board of Public Utilities comes days after Shell backed out as a partner in the only project that had finalized a bid under the
Denmark released anti-whaling activist Paul Watson from detention on Tuesday and said it had rejected a Japanese request to extradite him over criminal charges dating back more than a decade.U.S.-Canadian Watson, 74, founder of the Sea Shepherd conservationist group and the Captain Paul Watson Foundation, was released in Greenland's capital Nuuk, police in the autonomous Danish territory said.
The rescue operation for the Comoros-flagged Prestige Falcon oil tanker that capsized off Oman on July 15 has been deactivated, Oman's Maritime Security Centre said on Tuesday.Nine of the 16-member crew were found alive and one dead, the centre reiterated, without giving further detail on the fate of the remaining six crew members.