Offshore drilling company Valaris, the world's largest by fleet size, has received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged plan of reorganization, and has agreed with Korea's Daewoo to delay deliveries of two newbuild drillships.
A Valaris drillship went adrift on Tuesday evening, breaking free from moorings near the port at Hunterston, North Ayrshire, Scotland.According to BBC, which was the first to report on the incident on Wednesday, "a major rescue operation has been ongoing overnight," when the 228 meters drillship, Valaris DS4, broke free and started drifting without power.
Technological advancement is opening new doors for hybrid and fully electric vessels.In mid-2020, the U.S. Navy accepted the delivery of the USS Zumwalt, the Navy’s first full-electric power and propulsion surface combatant. The ship’s new electric propulsion plant provides favorable efficiency coupled with a reduced total cost of ownership.
This month MR dives inside the $60 million refit of RV Roger Revelle, a project which leverages a treasure trove of ‘lessons learned’ from recent refits in the academic research vessel fleet and highlights the value of slimming the vendor list.Research vessel (R/V) Roger Revelle is back at work after a midlife refit involving upgrades from top to bottom, bow to stern.
Dennis Bryant provided a link to a story about the USCG Cutter Bear in his March 18, 2020 newsletter. It is a great story about a great ship with a great Captain (Michael Healy) and a great crew. It shows that the right combination of ship and crew can perform miracles.This one ship, its Captain (and his wife who often shipped with him)
The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.Formal investigations began this week into how the giant container ship Ever Given ran aground in the canal, shutting down shipping in the major global waterway for almost a week.
The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London, its chairman said on Wednesday, as the insurance market recorded a 900 million pound ($1.2 billion) pretax loss in 2020 due to the COVID-19 pandemic.The Canal is working to clear the backlog after the refloating this week of a stranded giant container ship.
U.S. Great Lakes ports reported mixed results in June with aluminum, road salt and grain shipments holding strong despite the coronavirus pandemic, while shipments of commodities related to steel production and manufacturing have continued to slide.Additionally, the St. Lawrence Seaway reported that from April 1 to June 30, nearly 11.
The U.S. House Committee on Transportation and Infrastructure voted the Water Resources Development Act of 2020 (WRDA 2020) favorably out of Committee, Wednesday. The legislation, which provides authority for the U.S. Army Corps of Engineers (Corps) to carry out water resources development projects and studies
While St. Lawrence Seaway cargo volumes decreased during the past two months due to economic shifts related to COVID-19, industry leaders said the binational trade and transportation corridor is ready to play its part in the economic recovery efforts in the coming months. Meanwhile, with an increased focus on commodity diversification through project cargo
Unique among the nation’s armed services, the Coast Guard’s missions include national defense, law enforcement, natural disaster incident management, recreational boating safety and environmental protection. This diversity of mission scope presents opportunities for the Coast Guard at the strategic
The number of ships arriving in British ports in late May rose to the highest since the start of the country’s coronavirus lockdown, Britain’s statistics office said on Thursday.The Office for National Statistics, which publishes short-term data to track the economic impact of the COVID crisis, said there was an average of 341 daily ship visits between May 25 and May 31