Shipbreaking is among the most dangerous jobs in the world, according to the International Labor Organization. This is the process of breaking up huge old ships into spare parts. It almost always happens in developing countries and comes with an unacceptably high level of fatalities, injuries and work-related diseases.
A log carrier that lost power and went adrift while leaving New Zealand's Port of Tauranga Monday has been towed to anchorage in deeper water while it awaits further inspection, local maritime safety authorities said.The Singapore-flagged Funing was outbound for Lanshan, China when it lost engine power and began drifting amid 30 knot winds and significant swells between Mount Manganui and
Reduced volumes are currently posing a major challenge to container shipping due to the COVID-19 crisis. So far, freight rates have been held up by the massive blanking of sailings that carriers have put in place.However, even before this crisis, the container shipping industry was saddled with overcapacity carried over from the previous decade
Centuries-old maritime craftwork and advanced technology help carbon-free seaborne trade.It was a chance meeting that changed two lives. It may also change the way the world thinks about maritime shipping.An accomplished sailor, Danielle Doggett loves tall ships—the large wind-powered sailing vessels that carry passengers and cargo.
UK-based HydroWing and Dutch tidal energy developer Tocardo are working on a solution that will convert tidal energy into hydrogen, store it and offload it - similar to an FPSO in the oil and gas industry - to overcome the intermittency as well as the transportation issues.The concept called the THyPSO (Tidal Hydrogen Production
Even as he is hailed as a hero by his crew, the fired commander of a coronavirus-stricken U.S. aircraft carrier is being reassigned while investigators consider whether he should face disciplinary action, acting U.S. Navy Secretary Thomas Modly told Reuters on Friday.Captain Brett Crozier was relieved of his command of the Theodore Roosevelt on Thursday after a scathing letter in which he called
A jump in freight rates has shaved profits for oil traders seeking to store crude for sale towards the end of the year, even as the contango in the first six months for Brent futures stretched to its widest ever, trade sources said.While a sharp rebound in spot crude differentials could lift traders' profits
Even before the effects of the coronavirus, the ‘Phase One’ agreement between China and the US failed to boost volumes of the implicated goods in January. In fact, exports of the manufactured, agricultural and energy goods included in the deal were down 26% from January 2017, which serves as the base year for the agreement.
The “new normal” is a phrase tossed around often in offshore energy circles today as those servicing and operating in the sector grapple with the harsh realities of the prolonged industry downturn. Operators, service companies and equipment suppliers have been forced to adjust to oil selling at prices well below the $100+ per barrel mark seen in years past.
The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.
As autonomy gains a foothold in the maritime world, dredging appears next in line to transition to operations without direct human control.A new design concept unveiled by a prominent Dutch ship design and engineering company aims to deliver major power savings and a larger working window for port maintenance dredging operations.
A Singapore company has paid a NOK 7 million ($763,000) fine after it was caught trying to illegally export a barge carrier vessel from Norway for scrapping on the beaches in Pakistan, Norwegian authorities said.In 2017, inspectors from the Norwegian Maritime Authority (NMA) detained the Harrier, previously named Tide Carrier