Plunging into the deep, dark abyss of the Pacific Ocean’s Mariana Trench, U.S. Navy Lt. Don Walsh and Swiss engineer Jacques Piccard heard a loud cracking sound in their vessel—the bathyscaphe Trieste, which the Office of Naval Research (ONR) purchased for scientific observations.Already 30,000 feet below sea level
The global search for lower carbon forms of energy and demand for cost-effective ways to serve power demand in emerging markets and remote locations is driving interest in floating storage and regasification units (FSRU).FSRUs are a faster and more flexible way to import natural gas to power-constrained places
Japanese shipping company Nippon Yusen Kaisha (NYK) held its annual Dry Bulk Safety Conference at the company’s headquarters in Tokyo to share safety awareness and review trouble response for dry bulk vessels.A total of 75 participants from 41 Japanese shipowners and ship-management companies attended.
While nothing lasts forever, the cruise industry – and particularly the ‘expedition’ cruise sector – remain on a historic run with no indication of a near-term slowdown.The leisure travel sector, of which expedition cruising is a part, offers numerous possibilities for delivering new “experiences” unlike industrial shipping businesses (or even conventional ferry and passenger transport)
The first shipment of liquefied natural gas (LNG) has sailed from Shell’s Prelude floating LNG (FLNG) facility offshore Australia, Shell announced Tuesday alongside its joint venture partners INPEX, KOGAS and OPIC.This shipment from the world’s largest floating producer of LNG, located 475 kilometers northeast of Broome in Western Australia
The U.S. towing and tug business is 5,500 boats, more than 31,000 barges with an estimated total impact on U.S. GDP of $33.8 billion.“At a macro level, the bigger ships are causing downward pressure on the ship assist business because there are fewer ship calls given the increased capacity of these vessels.
As the global cruise industry enjoys it most robust period of growth ever, the question invariably becomes: How long can it last?Cruising, which is a blend of the hospitality and maritime businesses, continues to grow at a historic pace. The Cruise Trends & Industry Outlook publication from Cruise Lines International Association (CLIA) projects a passenger count of 30 million in 2019 – up nearly
Hyundai Heavy Industries (HHI) Group and Korea Development Bank (KDB) signed on Friday a definitive agreement to acquire Daewoo Shipbuilding & Marine Engineering (DSME), in the presence of Kwon Oh-gap, Vice Chairman & CEO of HHI Holdings; Ka Sam-hyun, President & CEO of HHI; and Lee Dong-gull, Chairman & CEO of KDB.
Credit Suisse, BNP Paribas and French public investment bank Bpifrance are the latest lenders to join an initiative to link provision of shipping finance to cuts in carbon dioxide emissions.Global shipping accounts for 2.2% of the world's CO2 emissions and the industry is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.
The U.S. Gulf of Mexico is positioned for another year of record oil production in 2020, despite massive cuts in investment.According to Rystad Energy, most of this growth coming from deep water projects.“2020 is expected to be another record year with average production above 1.9 million barrels per day,” says Joachim Milling Gregersen, an analyst on Rystad Energy’s upstream team.
As many as six high impact wells are yet to be completed this year around Africa, after several consecutive low-activity years with only a few positive results.According to the energy research and business intelligence company Rystad Energy, these wells all target offshore acreages, with the majority planned in the Western African region.
Italian ultra luxury cruise shipbuilder T.Mariotti has cut the first piece of steel for Seabourn’s first-ever luxury expedition cruise ship, Seabourn Venture, at its yard in San Giorgo di Nogare, Italy.Seabourn President Richard Meadows and T. Mariotti Managing Director Marco Ghiglione presided over the ceremony.