European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including their first restrictions on Russian gas.The package bans re-exports of Russian liquefied natural gas (LNG) in EU waters but stops short of banning imports as the bloc did in 2022 for Russian seaborne oil.
AD Ports Group said Tuesday it had acquired offshore vessels from E-NAV, for around $200 million, to bolster offshore operations in the Middle East and Southeast Asia.According to AD Ports, the vessels make up a well-maintained, diversified fleet with an average age of around 9 years, significantly less than the industry average.
Harland & Wolff has secured a contract with Canada-based Cenovus Energy for the mid-life upgrade of the SeaRose FPSO vessel. The base contract value is approximately £61 million (~currently around $74 million). The FPSO is expected to arrive at Harland & Wolff in Belfast in the first quarter of 2024 and will be in the building dock for a period of more than three months.
The United Nations said on Tuesday it had started the removal of more than 1 million barrels of oil from a decaying supertanker off Yemen's Red Sea coast in a complex operation it hopes will ward off a regional disaster.U.N. officials have been warning for years that the Red Sea and Yemen's coastline was at risk as the Safer tanker could spill four times as much oil as the 1989 Exxon Valdez
Tanker company Euronav will exit Belgium's blue-chip Bel-20 index after just two days of trading, as it no longer meets the membership conditions after its takeover by Compagnie Maritime Belge (CMB), bourse operator Euronext said on Tuesday.CMB, owned by the Saverys family, and affiliates together hold 88.61% of the outstanding shares in Euronav, which exceeds the maximum allowed for the index.
As the offshore oil and gas industry transitions to more sustainable practices, drilling rig operators are faced with demands to implement greenhouse gas (GHG) abatement measures as part of their workload. Being the owner of the first ever drillship that secured DNV’s Abate(P) notation
Advanced water treatment systems are just the start of the cruise industry’s circular waste processing ambitions.Advanced wastewater treatment systems (AWTS) were revolutionary in their day. Indeed, they still are today, but with 77% of the CLIA fleet (202 ships) already using them, and another 40 specified for vessels on order, even more ambitious waste management is coming.
Bleecker Street Group (BSG), a global software holding company, announced the acquisition of Ripple, an integrated maritime software company. The acquisition underscores BSG's commitment to the maritime sector, solidifying its position as an emerging force in the broader Supply Chain Software industry.
The quest to build a series of five National Security Multi-Mission Vessels (NSMVs), which will serve as training ships for five U.S. maritime academies, has drawn a broad cadre of suppliers. The powerplant was a main focus, helping to evolve the schools from steam power plants to a modern propulsion package.NSMVs being built for the maritime academies is widely lauded as a ‘win’ for U.S.
The United States' Secretary of the Navy Carlos Del Toro on Monday announced a federal, state and local partnership intended to help rebuild the maritime industrial base workforce required to support the Navy.The so-called Michigan Maritime Manufacturing Initiative (M3) will establish training pipelines and programs to meet the Navy’s need for thousands of new workers and jobs across the state
Imports of fuel oil bound for the U.S. Gulf Coast fell to a five-year low last month as refiners ran more cheap, heavy Canadian crude and geopolitical tensions in the Middle East pressured fuel oil flows.Fuel oil deliveries to the Gulf Coast dwindled in February to just 318,000 barrels per day (bpd), a 20% drop from the prior month and marking their lowest level since February 2019
Nippon Yusen Kabushiki Kaisha (NYK), NYK Group’s Asahi Shipping, and Kobe Steel have announced a successful trial run of biofuels on a voyage between Japan and Australia.The companies supplied biofuel via ship-to-ship transfer to the bulk carrier Sunrise Serenity at the port of Kobe in Japan.