Heerema Marine Contractors' giant semi-submersible crane vessel Sleipnir has broken its recently set heavy lifting record with the removal of Shell's 10100 mT Brent Alpha jacket in the UK North Sea."This single jacket lift breaks Sleipnir’s recent record for lifting the 8100 mT Jotun-B jacket," Heerema Marine Contractors said Wednesday.
Allseas' giant Pioneering Spirit heavy lift vessel has completed its first decommissioning job of summer 2020, with a single-lift removal of Shell UK’s 17,000-tonne Brent Alpha platform from the North Sea. The Pioneering Spirit will now deliver the 44-year old platform to Able UK’s Teesside decommissioning yard in North East England for dismantling and recycling.
Sovcomflot's Arc7 ice-class Christophe de Margerie liquefied natural gas (LNG) carrier has made history by successfully transiting the Eastbound ice-covered part of the Northern Sea Route (NSR) in May, carrying LNG from Novatek's Yamal LNG project to China.The Russian vessel owner said the event marked the first time in the history of the shipping industry that a large-capacity vessel of this
Hedge fund managers sensed oil prices were nearing a turning point last week, and for the first time in more than two months started to add long positions in anticipation prices would bounce from an unsustainable low.Overall, hedge funds and other money managers were still net sellers of 19 million barrels of petroleum in the six most important futures and options contracts in the week ending on
A jump in freight rates has shaved profits for oil traders seeking to store crude for sale towards the end of the year, even as the contango in the first six months for Brent futures stretched to its widest ever, trade sources said.While a sharp rebound in spot crude differentials could lift traders' profits
The discount on front-month Brent crude oil futures to later contracts increased to an 11 year high on Thursday, as the coronavirus pandemic continued to cause an unprecedented slump in global demand. The spread on the May to November contracts had widened to as much as minus $10.31 per barrel at 1004 GMT, a level not seen since January 2009.
The U.S. Coast Guard's sole heavy icebreaker arrived January 22 at McMurdo Station, following a 58-day transit from the United States. Cutter Polar Star (WAGB 10) departed its’ homeport of Seattle on November 26.This year marks the Polar Star’s 23rd journey to Antarctica in support of Operation Deep Freeze, an annual joint military service mission to resupply the United States Antarctic stations
South Korea shipbuilder Samsung Heavy Industries (SHI) may receive an order from Russia’s largest independent gas producer Novatek for 10 additional ice-breaking LNG carriers worth US$3Bn.A report by Business Korea said Novatek has asked the Russian Government to approve its plan to place an order at an “overseas shipyard”.
Pella Sietas, a shipbuilding company in Neuenfelde, Hamburg, has secured a EUR100 million ($111Mln) order from Russian authorities for a new icebreaker described as the biggest ever built in Germany.The new icebreaker, "Eisbrecher7", with a length of 120m, a width of 27.5m and a draught of 8.5m, is the largest single order in Pella Sieta's company history.
South Korean shipbuilding giant Samsung Heavy Industries Co (SHI) has won a 187.5 billion-won (US$158 million) order to build a two ice-class oil tankers.According to a regulatory filing, under the deal with a European shipper, Samsung Heavy will deliver two Aframax tankers by March 2022.
Sovcomflot’s LNG-fuelled Aframax crude oil tanker Korolev Prospect has started a transit through the Northern Sea Route (NSR).Korolev Prospect will become the first such large-capacity crude oil tanker to travel the entire length of the Northern Sea Route using only cleaner-burning LNG fuel.The tanker is delivering a cargo of crude oil from the port of Murmansk to China.
According to the latest monthly climate report from the U.S. National Oceanic and Atmospheric Administration (NOAA), July 2019 was hottest month on record for the planet and Polar sea ice melted to record lows.Much of the planet sweltered in unprecedented heat in July, as temperatures soared to new heights in the hottest month ever recorded.