The U.K. has awarded Babcock International’s Rosyth shipyard a £45 million (approx. US$56.6 million) contract to maintain its fleet of three scientific research vessels.The initial three-year contract, announced by U.K. Industry and Maritime Minister Nusrat Ghani earlier this month, will see the large oceanographic and polar research vessels RRS Sir David Attenborough
In a ceremony held in Trinidad and Tobago on November 23, 2022, Proman Stena Bulk Ltd formally named its first newbuild IMOIIMeMAX methanol-fueled 49,900 DWT vessel, Stena Pro Patria.Stena Pro Patria is the first of three methanol-fueled vessels delivered in 2022 to the joint venture between tanker company Stena Bulk and the methanol producer Proman
TotalEnergies said on Thursday it had observed "unauthorized drone activity" near one of its offshore oil and gas installations in the North Sea.Denmark, has like other countries in the region, raised its safety level for its power and gas sector after several countries said two Russian pipelines to Europe spewing gas into the Baltic Sea had been attacked.
The Biden administration on Wednesday approved a waiver of U.S. shipping rules to address Puerto Rico’s immediate energy and other essential needs in the wake of a devastating hurricane.Homeland Security Secretary Alejandro Mayorkas said he approved "a temporary and targeted Jones Act Waiver" to ensure Puerto Ricans "have sufficient diesel to run generators needed for electricity and the
A total of 165 ships with 3.7 million tonnes of agricultural products on board have left Ukraine under a deal brokered by the United Nations and Turkey to unblock Ukrainian sea ports, the Ukrainian infrastructure ministry said on Sunday.The ministry said 10 ships with 169,300 tonnes of agricultural products are due to leave Ukrainian Black Sea ports on Sunday."At 10:00 a.m.
Iran's elite Revolutionary Guards have seized a foreign vessel in the Gulf for allegedly smuggling 757,000 liters of diesel out of the country, the Iranian state news agency IRNA reported on Saturday.The unnamed vessel's seven crew members, who are foreign nationals, have been handed over to legal authorities, IRNA reported without elaborating on the nationalities of the ship or its crew.
French transport giant CMA CGM is creating a five-year investment fund of 1.5 billion euros ($1.5 billion) aimed at accelerating its energy transition in shipping and logistics, it said on Sunday.The fund will support industrial production of new fuels and low-emission transport solutions across the group's businesses, including maritime
Asset manager Atlas Corp said on Thursday it received a takeover offer from consortium group Poseidon Acquisition Corp in an all-cash deal for $3.64 billion.Poseidon, which comprises Atlas' board chairman David Sokol, affiliates of Canadian investment company Fairfax Financial Holdings Ltd, the Washington Family, and Japanese shipping company Ocean Network Express Pte Ltd
Russia's defense ministry on Friday confirmed for the first time that the crew of the missile cruiser Moskva suffered casualties when it blew up and sank last week, a report from RIA news agency indicated.Russia initially said all the ship's crew were evacuated after an ammunition blast triggered by a fire ripped through the Moskva, the flagship of its Black Sea fleet.
Tunisian authorities intensified efforts on Saturday to avoid an environmental disaster after a merchant fuel ship carrying one thousand tons of fuel sank off the coast of Gabes on Friday, two security sources told Reuters.The Tunisian navy had rescued all seven crew members from the ship, which was heading from Equatorial Guinea to Malta
London’s marine insurance market on Monday added all of Russia’s waters to its list of areas deemed high risk, an advisory showed.Guidance from the Joint War Committee, which comprises syndicate members from the Lloyd’s Market Association (LMA) and representatives from the London insurance company market, is watched closely and influences underwriters’ considerations over insurance premiums.
The U.S. Senate on Thursday unanimously passed a bill to improve oversight of ocean shipping, a step supporters say will help ease export backlogs.The Ocean Shipping Reform Act, led by Senators John Thune and Amy Klobuchar, would strengthen the investigatory authority of the Federal Maritime Commission (FMC), the U.S.