A Danish frigate has killed four pirates in waters south of Nigeria in an operation to protect shipping in the Gulf of Guinea, the Danish military said on Thursday.The Esbern Snare, deployed last month to the Gulf of Guinea amid heightened security risks from pirates, on Wednesday spotted a fast-moving vessel carrying eight suspected pirates near a number of commercial ships
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced on Saturday the launch of "THE RIG", which it said would be the world's first tourism destination on offshore platforms.The fund, the engine of Crown Prince Mohammed bin Salman's economic transformation plans for Saudi Arabia, manages a portfolio worth $400 billion.
Classification society Bureau Veritas said it has issued novel design approval for what will be the world’s largest very large gas carriers (VLGC).The new 93,000-cubic-meter (CBM) capacity Panda 93P VLGC design has been developed by Jiangnan Shipyard, part of the CSSC Group (China State Shipbuilding Corporation), as an evolution of of the shipyard’s Panda gas carrier series
Two crew members, a Briton and a Romanian, were killed when a petroleum products tanker managed by Israeli-owned Zodiac Maritime came under attack on Thursday off Oman's coast, the company said on Friday.London-based Zodiac said on its website that the attack in the Arabian Sea on the Mercer Street, a Liberian-flagged Japanese-owned ship, was still being investigated.
The Indian Navy mounted a massive air and sea rescue mission on Tuesday for 81 missing oil workers and crew whose barge sank in heavy seas following a powerful cyclone that tore up the west coast of the country.Around 180 of those on board the barge were rescued from the water as it sank off Mumbai.
The Suez Canal Authority (SCA) plans to expand and deepen the southern stretch of the waterway where a containership became jammed and blocked traffic for six days in March, Chairman Osama Rabie said in a televised address on Tuesday.Rabie presented the plan at an event attended by Egyptian President Abdel Fattah al-Sisi, who indicated that the project should be completed in 24 months at most.
In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.While the two-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe
Suez Canal salvage teams intensified excavation and dredging on Sunday around a massive container ship blocking the busy waterway ahead of attempts to refloat it, with two sources saying work had been complicated by rock under the ship’s bow.Diggers were working to remove parts of the canal’s bank and expand dredging close to the ship’s bow to a depth of 18 meters
South African police have seized close to a ton of cocaine worth almost 600 million rand ($40 million) from a ship off the Saldanha coast, close to Cape Town, in one of the country’s largest drug busts, authorities said on Tuesday.In an intelligence-driven operation, police and tactical forces boarded the vessel on Monday evening and found 973 blocks of compressed cocaine in three compartments
The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company PDVSA sell crude mainly to Asia despite Washington's sanctions on the South American nation.The measure targets a network that the U.S. Treasury Department says helped the administration of President Nicolas Maduro
The TOTE Group announced it is expanding its leadership team. Mike Noone, President of TOTE Maritime Puerto Rico, LLC is being promoted to a new role as the company’s chief operating officer for TOTE Group. Kevin D. Kendrick will be named the new president of TOTE Maritime Puerto Rico and Alex Hofeling will be named president of TOTE Maritime Alaska, LLC.
News about the partial refloating of the giant container ship that was stuck in the Suez Canal is good, but completing the operation would not be a "piece of cake", Boskalis CEO Peter Berdowski told Dutch public radio on Monday.Boskalis is the parent company of Smit Salvage, which has assisted in efforts to dislodge the ship.