U.S. oil majors Exxon Mobil Corp and Chevron Corp were among the top buyers at a federal auction of oil leases in the U.S. Gulf of Mexico on Wednesday that generated more than $190 million - the highest since 2019.The auction was a boon for federal coffers, but a potential setback for the climate policies of U.S.
The Biden administration's auction of oil drilling rights in the U.S. Gulf of Mexico generated more than $190 million in high bids, bringing in more money for taxpayers than any government offshore lease sale since early 2019.The Department of Interior auction came days after the U.S.
Norwegian shipping company Höegh Autoliners announced it has entered into a letter of intent (LOI) with shipbuilder China Merchants Heavy Industry (Jiangsu) Co., Ltd. (CMHI) to build a series of multi-fuel, ammonia-ready Aurora class car carriers.Under the terms of the LOI, the first two vessels will be delivered already in the second half of 2024.
Australia’s new icebreaker, RSV Nuyina, has begun its 24,000-kilometer voyage from the Netherlands to its new home port of Hobart. The vessel will be the main lifeline to Australia’s Antarctic and sub-Antarctic research stations and the central platform of the Australian Antarctic Division's Antarctic and Southern Ocean scientific research.
The operator of a giant cargo ship that blocked the Suez Canal in March said on Thursday that it would take more time for the vessel to be released from detainment while a final agreement with Egyptian authorities was being concluded.The Japanese owners and insurers of the ship were locked in a compensation dispute with the Suez Canal Authority (SCA)
The past decade has seen tight restrictions on emissions from vessels, notably with a 2015 move to a .10% sulfur maximum in Emission Control Areas (ECA) in North America and in northern Europe. As the International Maritime Organization (IMO) now shapes shipping’s decarbonization future, shipowners are looking at transitions away from fossil fuels.
The U.S. Centers for Disease Control and Prevention (CDC) has begun a key step for the eventual resumption of U.S. cruise industry operations by issuing new technical instructions.In October, the CDC issued Conditional Sailing Order for operators, which acted as a guidance for a phased resumption of cruise ship passenger operations.
Clean-up crews worked on Wednesday to contain an oil spill in the Yellow Sea near the Chinese port city of Qingdao, a day after a tanker carrying around a million barrels of bitumen mix collided with a bulk vessel.While a preliminary study by Chinese maritime officials estimated about 500 tonnes (3,420 barrels) of oil had been spilled
Höegh Autoliners is setting out to build what it claims will be the world's largest and greenest car carrier vessel.The shipping company said it has entered a memorandum of understanding Chinese shipyard Xiamen Shipbuilding Industry targeting first vessel delivery by the end of 2023.
The Biden administration on Monday unveiled a goal to expand the nation’s fledgling offshore wind energy industry in the coming decade by opening new areas to development, accelerating permits, and boosting public financing for projects.The plan is part of President Joe Biden’s broader effort to eliminate U.S.
Finnish shipbuilder Rauma Marine Constructions (RMC) said it resumed production on Thursday after it paused operations last week following a COVID-19 outbreak among its workforce.The company halted production last Friday after a cluster of coronavirus infections was discovered at the Rauma shipyard. Authorities tested all shipyard employees and quarantined those who had been exposed to the virus.
South Korean shipbuilder Samsung Heavy Industries agreed to pay 812 million reais ($148.56 million) in a leniency deal with Brazilian authorities to settle corruption investigations, federal prosecutors said late on Monday.On its website, the prosecutor's office said the deal was part of a global negotiation between the company and U.S.