Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute U.S. shipments from Europe, in a practice that raises doubts over whether reforms to the crude price marker have succeeded.Brent, the most significant benchmark across commodity markets, is used to price more than 60% of globally traded crude and underpins oil futures.
Crew members on Mike Lynch's yacht have spoken of the moments when a storm sank the vessel off Sicily and their efforts to help save passengers, after a disaster that killed the British tech tycoon and six other people.Matthew Griffiths, who was on watch duty on the night of the disaster two weeks ago
Unidentified gunmen opened fire at Pakistan's Gwadar port authority complex in its restive Balochistan province, Geo News reported on Wednesday.Two attackers were killed in retaliatory firing by security personnel, the TV channel said, adding that a blast preceded the firing.Gwadar’s deputy commissioner and police did not immediately respond to requests for comment.
The European Union launched on Monday a naval mission to the Red Sea "to restore and safeguard freedom of navigation" there.The "defensive maritime security operation", dubbed Eunavfor Aspides, comes after Iranian-aligned Houthi militants started attacking international shipping in the Red Sea in support of Palestinian militant group Hamas in its war with Israel.
Several liquefied natural gas (LNG) vessels have changed their courses in recent days to avoid the Red Sea region amid maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.The Red Sea is linked to the Mediterranean by the Suez Canal, creating the shortest shipping route between Europe and Asia
The Netherlands plans to temporarily enlist additional personnel and equipment from private companies to strengthen security in its part of the North Sea, the Defence Ministry said on Wednesday, confirming media reports.The decision follows reports last year from Dutch military intelligence agency MIVD that Dutch North Sea infrastructure, such as gas pipes and windmills
Authorities at the port of Antwerp have closed a dock and are using drones to monitor the fallout from an oil spill that occurred while a ship was bunkering at one of its docks, a port spokesperson said on Friday."We are doing everything we can to make sure the oil stays locally," the spokesperson said.
CIMAC welcomes Charlotte Røjgaard, Bureau Veritas, as a new Board member. She will act as Vice President Working Groups. Røjgaard succeeds Marko Dekena who recently decided to leave the CIMAC Board after many years in various roles.Røjgaard is the Global Marine Fuels Director at Bureau Veritas.
The end may be in sight, but the race for bigger cranes is still having an impact on offshore wind project efficiency.The industry has already felt the need for upgrading crane lifting capacity on existing offshore wind installation vessels: NOV is upgrading the cranes on Cadeler’s existing O-class wind turbine installation vessels (WTIVs)
Offshore drilling company Valaris has taken delivery of newbuild drillships VALARIS DS-13 and DS-14 for an aggregate purchase price of approximately $337 million.VALARIS DS-13 and DS-14 will be mobilized from South Korea to Las Palmas in Spain, where the rigs will be stacked until they are contracted for work.
CIMAC has welcomed Charlotte Røjgaard, Bureau Veritas, as a new board member.She will act as Vice President Working Groups. Røjgaard succeeds Marko Dekena who recently decided to leave the CIMAC Board after many years in various roles.Røjgaard is the Global Marine Fuels Director at Bureau Veritas.
The EU Commission on Friday said it had cleared the acquisition of the logistics operations of conglomerate Bollore by shipping group CMA CGM, subject to a number of conditions proposed by the companies.The commission, which oversees competition policy in the 27-nation European Union, said that the acquisition had been approved after its investigation found a number of concerns.