Singapore's Keppel Offshore & Marine said Wednesday it was on track to deliver a "mega" floating production, storage, and offloading vessel (FPSO) to SBM Offshore in the first quarter of 2023. This is the third FPSO that Keppel Shipyard is delivering to SBM Offshore and will be chartered to the consortium of ExxonMobil, CNOOC, and Hess, to operate in the Stabroek Block, offshore Guyana.
Shipping companies are still waiting for "real green" fuel solutions as part of decarbonization efforts to clean up the industry, a leading industry official said.Shipping, which transports around 90% of world trade and accounts for nearly 3% of the world's CO2 emissions, is under growing pressure from environmentalists to deliver more concrete action, including a carbon levy.
Responders are working to minimize environmental damages from a cutter suction dredge that capsized in the Mississippi River near Meraux, La. on Monday.The U.S. Coast Guard said its watchstanders at Sector New Orleans were notified at 12:50 a.m. that the dredging vessel W.B. Wood capsized in the vicinity of mile marker (MM) 85.
Brazilian oil workers union FUP said on Wednesday that intelligence staff at state-run Petrobras are aware of a potential plan to invade its Transpetro terminal located in the Maceio port in northeast Brazil.The threat comes as Brazil braces for more protests by supporters of far-right former President Jair Bolsonaro, after mobs rampaged through public buildings in the country's capital on Sunday.
U.S. imports of goods in ocean shipping containers in December fell to levels approaching those last seen before the COVID-19 pandemic, a new report said on Tuesday.Demand for kitchen appliances, furniture, big-screen TVs, apparel and other retail goods softened late last year as record inflation bit into disposable income and consumers shifted spending back to travel and other previously
The Biden administration on Wednesday said it had reinstated bids from a November 2021 Gulf of Mexico sale of offshore oil and gas drilling rights, a requirement buried in U.S. President Joe Biden’s new climate change and drug pricing law.The move comes after a federal judge in January vacated the sale’s results
New Zealand based MOVE Logistics Group revealed its plans to order a new coastal roll-on, roll-off (RORO) vessel capable of running on methanol fuel.Earlier this year, MOVE secured $10 million in co-investment funds from transport agency Waka Kotahi to support coastal shipping initiatives that improve the competitiveness of domestic coastal shipping
Christopher Deegan, former president and chief executive of the venerable naval architecture firm Gibbs & Cox, has passed away, the company shared on social media."It is with heavy hearts that we share the news of our former president and chief executive of Gibbs & Cox, Christopher Deegan’s passing.
The U.S. House of Representatives approved legislation Monday to improve oversight of ocean shipping, which supporters say will help curb inflation and ease export backlogs. The bill was approved 369-42 and will head to the White House for President Joe Biden's signature. Biden said in a statement he looked forward to signing it into law.
The head of Lebanon's Hezbollah said on Thursday that his group could stop Israel from extracting gas from a maritime field that Beirut says lies in disputed waters, adding Hezbollah is "not afraid of war."Lebanon warned Israel on Sunday against any "aggressive action" in disputed waters where both states hope to develop offshore energy
The Italian government ordered police on Friday to impound a luxury yacht worth some $700 million that has been linked in the media to Russian President Vladimir Putin.The sleek, six-deck Scheherazade had been undergoing repairs in the Italian port of Marina di Carrara since September, but recent activity at the dockside suggested that the crew might be preparing to put to sea.
Three Panamanian-flagged ships have been hit by Russian missiles in the Black Sea since Russia’s invasion of Ukraine last month, Panama’s Maritime Authority said on Wednesday.One ship sank, the maritime authority said in a statement, but there were no casualties reported. The two others remain afloat with damages.