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.
Canada will spend C$320 million ($238.56 million) to support its offshore oil industry in Newfoundland and Labrador, which has struggled as coronavirus pandemic travel restrictions reduced demand, the government said on Friday.The funds are intended to support jobs and to lower greenhouse gas emissions from crude production, and could be used for maintenance, upgrades and environmental services
Integrity Machining, Inc., makers of Kolstrand marine deck equipment, announced the acquisition of all of the assets of J.K. Fabrication, Inc., based in Seattle, WA, effective immediately.“This acquisition marks a transformative moment for Integrity Machining and our customers. Commercial fishermen in the Pacific Northwest have long relied on innovative and rugged Kolstrand and JKFab products
Synergy Group and D.S. Norden have formed a new 50/50 joint venture to handle the technical management of Norden’s owned tanker vessels. Norden Synergy Ship Management (NSSM) will be headed by Henrik Christensen who previously managed Norden’s Technical Department.“We see great alignment when we have partnered previously and we expect that to lead to more mutual wins in the future through NSSM
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.
Plans to convert the nearly 100-year-old Port of Fort Pierce into a full-service repair and refit facility for the global fleet of megayachts cleared a significant hurdle, Derecktor Shipyards announced.After 11 months of review, the engineering and plans for Derecktor Ft. Pierce’s new haul-out basin have been officially approved by the U.S.