Iranian authorities seized a foreign ship attempting to smuggle fuel out of the country and detained its crew, state new agency IRNA said on Wednesday.Iran, which has some of the world's cheapest fuel prices due to heavy subsidies and the plunge in value of its national currency, has been fighting rampant fuel smuggling by land to neighboring countries and by sea to Gulf Arab states.
Japan located on Friday the hull of a tour boat off its northern coast, media said, six days after the vessel disappeared in an accident that killed at least 14 people on a sightseeing trip.The hull of the "Kazu I" was identified in waters about 100 meters (328 ft) deep off the Shiretoko peninsula on the northern island of Hokkaido in footage from an underwater camera of Japan's Maritime
About 28,500 workers at Norwegian shipyards, oil industry fabrication plants, and other manufacturers will go on strike from April 1, unless labor unions and employers reach a new wage deal, a state-appointed mediator said on Monday.Firms that stand to be affected are suppliers to the oil and gas industry, such as Aker Solutions, where 736 workers may strike; Aibel, with 661 employees
Niels G. Stolt-Nielsen has decided to step down from his role as Chief Executive Officer of chemical tanker operator Stolt-Nielsen Limited.The company said Wednesday he'd continue as CEO and as a Director on the Board until the appointment process for a successor has been completed. Niels G.
Dutch FPSO specialist SBM Offshore has won contracts to perform Front End Engineering and Design (FEED) for an FPSO for Exxon's Yellowtail development offshore Guyana. This will be SBM Offshore's largest-ever FPSO.The FEED contract for what will be Guyana's fourth FPSO, and fourth delivered by SBM Offshore
Britain gave France 48 hours on Monday to back down in a fishing row that threatens to spiral into a wider trade dispute between two of Europe's biggest economies or face tortuous legal action under the Brexit trade deal.Post-Brexit bickering over fish culminated last Wednesday in the French seizure of a British scallop dredger, the Cornelis Gert Jan, in French waters near Le Havre.
Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER.The market surge is being driven by crude prices that have climbed to the mid-$80s on fast rebounding oil demand
Update: The article was updated on Wednesday, October 10, to include a statement by the crane manufacturer Liebherr.Offshore wind installation company Seaway 7 said Monday there had been an incident during the construction of its Alfa Lift offshore wind foundation installation vessel, currently being built in China at China Merchants Heavy Industry (CMHI) shipyard in Jiangsu.
The global oil tanker market faces another year of low earnings as the coronavirus pandemic and vaccine inequalities disrupt demand and producers limit output of crude, a shipping analyst said on Wednesday.The earnings of very large crude carriers (VLCCs) that carry the bulk of crude stand at about $10,000 a day, down from 2020 record highs of more than $240,000
A.P. Moller-Maersk said on Wednesday it had signed a contract securing green methanol as the world's largest shipping firm gears up to operate its first carbon-neutral ship in 2023.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions.
The U.S. Navy’s three Global class oceanographic research ships (AGORs) have received a new lease on life. The ships-- R/V Thomas G. Thompson (AGOR 23), R/V Roger Revelle (AGOR 24) and R/V Atlantis (AGOR 25)-- which entered service between 1991 and 1998--were built with 30-year expected service lives.
Japanese coast guard ships and aircraft were searching on Friday for three missing crew of a cargo ship that capsized and sank after a collision with a Marshall Islands-registered tanker in the Seto Inland Sea, authorities said.The Byakko sank at about 2:40 a.m. after colliding with the chemical tanker Ulsan Pioneer just before midnight in the Kurushima Strait