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.
China's COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue to jointly build a green fuel supply chain to help reduce pollution from the shipping industry, the Chinese company said on Monday.The memorandum of understanding includes exploring construction and deployment of green ammonia-fuelled vessels owned either by COSCO or jointly owned by both companies
Singapore has the potential to supply over 1 million metric tons of low-carbon methanol annually by 2030 to meet rising demand for alternative bunker fuel, a Singapore minister said on Tuesday.Singapore's Maritime and Port Authority (MPA) late last year started seeking proposals from companies to supply methanol as a marine bunker fuel at Singapore from 2025.
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.
R.W. Fernstrum & Company, founded by Robert W. Fernstrum 75 years ago, is a quintessential U.S. manufacturing story. The company was born in the aftermath of WWII, founded on an invention developed during the war by Robert Fernstrum to help solve an engine overheating problem that was plaguing U.S. Navy landing craft.
In January 2023, U.S. federal agents raided the home of a Tucson maintenance worker who had a side hustle hauling packages across the border to Mexico.They estimate that over the previous two years, the gray-bearded courier had ferried about 7,000 kilos of fentanyl-making chemicals to an operative of the Sinaloa Cartel. That’s 15,432 pounds, sufficient to produce 5.
There are many forces pushing stakeholders across the global maritime industry to decarbonize.In the U.S. inland waterways, regulations aren’t one of the main drivers—at least not at the moment, according to Mike Complita, principal and vice president of strategic expansion at Elliott Bay Design Group, a naval architecture firm.
A. P. Møller-Mærsk's newly developed design for an ammonia-fuelled 3,500 TEU container vessel has earned approval in principle (AIP) from classification societies Lloyd’s Register (LR) and the American Bureau of Shipping (ABS).Led by the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, the design project also involved MAN Energy Solutions, Deltamarin, Eltronic FuelTech.
The two classification societies American Bureau Of Shipping (ABS) and Lloyd’s Register (LR) have issued an approval in principle (AiP) for a new ship design of an ammonia-fueled 3500 TEU container vessel.A cross-industry taskforce including A. P. Moller-Maersk, MAN Energy Solutions, Deltamarin, Eltronic FuelTech
A Commissioner with the U.S. Federal Maritime Commission is urging President Joe Biden to provide aid for local companies and workers suffering from an economic upheaval in the wake of the tragic Key Bridge collapse in Baltimore.A letter sent by Commissioner Carl W. Bentzel to President Biden on Monday asks the President to consider using the Coronavirus Aid, Relief
Marine fuel suppliers at Singapore, world's largest bunker hub, will be required to provide digital bunkering services and issue electronic bunker delivery notes starting April 1, 2025, Amy Khor, Singapore's senior minister of state for transport, said at the SIBCON 2024 conference.
The Wilson Sons tug WS Onix has commenced operation in the Port of Santos, the largest port facility in Latin America.It is the sixth vessel in the company's 2513 class and was built at the Wilson Sons shipyard in Guarujá (SP). The six new tugs built over the last two years have completed more than 5,000 port maneuvers.