Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced on Saturday the launch of "THE RIG", which it said would be the world's first tourism destination on offshore platforms.The fund, the engine of Crown Prince Mohammed bin Salman's economic transformation plans for Saudi Arabia, manages a portfolio worth $400 billion.
The development and construction of multimission vessels (MMVs) remains active across the maritime market.The ability to perform multiple tasks when those different duties are needed is central to an MMV’s value. Multimission capabilities mean that an expensive asset doesn’t sit idle when it isn’t being used for a singular purpose, such as firefighting.
“I hold no branch in higher esteem, than the Merchant Marine…”That is a quote from General Douglas MacArthur, Supreme Allied Commander of the Pacific in WWII. That one sentence sums up National Maritime Day. Inasmuch if it were not for our glorious Merchant Marine and maritime industry, we may not even have been a nation at all.
Britain's Queen Elizabeth visited the country's new aircraft carrier on Saturday, named in honor of Elizabeth I, before it leads a flotilla of Royal Navy ships to Asian waters on its maiden operational voyage.The queen, aged 95, stepped aboard the HMS Queen Elizabeth in Portsmouth, seven years after she named the vessel alongside her late husband Prince Philip who died last month.
When it comes to marine pollution, often it’s the bad news that makes the headlines. But for every newsworthy incident, there’s another story about the spills and other incidents that didn’t happen thanks to preventative measures and policies, and the responders who think quickly on their feet. In this new blog series, we’re shining a spotlight on the “good news” stories.
Recent cyber attacks to the US Government, the IMO, Maersk, amongst others has caused the world to pay attention to criminal cyber activities by foreign states, terrorists, and criminals. The cyber attack against CMA CGM shut down services for close on two weeks. Two days later, on October 30th the IMO was held hostage by a cyber attack.
Norwegian offshore vessel owner Eidesvik and oil and gas firm Aker BP are developing a project which aims to reduce emissions from existing offshore supply vessels.The project called "Retrofit' will evaluate various solutions for converting existing supply vessels to low-emission units and with the goal of reducing emissions by "at least 70 percent.
Egyptian President Abdel Fattah al-Sisi inaugurated a large naval base on Saturday 135 km from the border with Libya, flanked by close ally Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan and Libya's unity president,Egypt says the July 3 base will help it protect strategic and economic interests as well as helping guard against irregular migration as it boosts its naval presence on
A steel cutting ceremony was held for the U.K. Royal Navy's third Type 26 frigate, HMS Belfast, with all three of the first batch of City Class frigates now under construction.Prince William, Duke of Cambridge, set the plasma cutting machine to work on the first plate of steel at BAE Systems’ shipyard in Glasgow. The U.K.
Norwegian offshore vessel owner Eidesvik Offshore has secured a charter deal for its platform supply vessel Viking Prince.The 2012-built, LNG-powered platform supply vessel will support the drilling operations of the Norwegian oil company Aker BP."The contract is awarded under the current Frame Agreement for a drilling campaign indicated for a period of approximately 100 days
OPEC+ agreed on Thursday to gradually ease its oil output cuts from May, after the new U.S. administration called on Saudi Arabia to keep energy affordable for consumers.The group, which has implemented deep cuts since a pandemic-induced oil price collapse in 2020, agreed to ease production curbs by 350,000 barrels per day (bpd) in May, another 350,000 bpd in June and further 400
A true family business, Stan and Mary Helen Stephens started operating fishing and hunting charters out of Valdez, Alaska on their first vessel the 26-foot m/v Mary Helen, in 1971. Soon after, the rest of the family joined in, operating tours on the waters around Valdez and in Prince William Sound.