Offshore drilling rig reactivations have begun as utilization and dayrates continue their rapid recovery, Esgian's Teresa Wilkie writes.We expected it to happen just not necessarily this soon. But now it’s official, several cold-stacked rigs are about to be reactivated for new jobs in the Golden Triangle, and Valaris is taking the lead.
The Canadian government on Thursday promised to build two Arctic icebreakers and create hundreds of jobs in two politically influential provinces that will help decide an election considered likely this year.The ruling Liberals, citing the need to boost Canada's Arctic footprint as global warming opens up the region
Offshore drilling company Valaris, the world's largest by fleet size, has received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged plan of reorganization, and has agreed with Korea's Daewoo to delay deliveries of two newbuild drillships.
A Valaris drillship went adrift on Tuesday evening, breaking free from moorings near the port at Hunterston, North Ayrshire, Scotland.According to BBC, which was the first to report on the incident on Wednesday, "a major rescue operation has been ongoing overnight," when the 228 meters drillship, Valaris DS4, broke free and started drifting without power.
BP, through bpGM, Sempra LNG, and IEnova have entered into a contract for the delivery and receipt of the two companies' first carbon offset LNG cargo. The cargo is expected to be delivered to the Energía Costa Azul (ECA) terminal in Mexico on July 16, 2021, and it will be sourced from BP’s global LNG portfolio, BP said."Global demand for natural gas and LNG is expected to continue to grow.
Canada will allow cruise ships back into its waters starting in November as the COVID-19 pandemic fades, but they must fully comply with public health requirements that have yet to be finalized, Ottawa said on Thursday.Earlier this year, Canada extended a ban on cruise ships until February 2022, citing the need to protect public health.
Maritime Advisors, Liengaard & Roschmann have published for the third year running its Vesselindex Performance Report, ranking the listed dry bulk companies based on their TCE performance.In a year 2020 which was characterized by a high level of volatility it is noticeable that 17 companies managed to outperform the general market as defined by the Baltic Indices. U.S.
The University of Vermont has ordered a new research vessel featuring an emissions-reducing electric power and propulsion system.The 64-foot aluminum catamaran, designed by Chartwell Marine and currently under construction at Derecktor Shipyards, will be equipped with a hybrid-electric power and propulsion system supplied and integrated by BAE Systems. The newbuilt is set for launch in April 2022.
The technology group Wärtsilä said it will supply a complete liquefied natural gas (LNG) cargo storage and handling system for a new 103 meter (340 feet) long LNG bunker barge to be built at Fincantieri Bay Shipbuilding in Wisconsin, USA for Polaris New Energy (PNE). This is the second of two such barges built at the yard for PNE, the same Wärtsilä solution having been ordered for both.
The U.S. Federal Maritime Commission (FMC) on Thursday announced the membership of its newly formed National Shipper Advisory Committee.The committee is comprised of 24 members, evenly divided between those who export cargo from and those who import cargo to the United States, that will advise the commission on policies relating to the competitiveness, reliability
ABB Marine & Ports said it is ramping its presence with local divisions in Turkey and Saudi Arabia, in a move aimed at extending the company's global reach and service capabilities.In Turkey, ABB's newly established local division will serve the country’s vibrant maritime community.