A Norwegian naval officer stands trial on Monday accused of negligence that led to the 2018 collision between a warship he commanded and an oil tanker in which the military vessel sank. Building a replacement for the lost Helge Ingstad frigate would cost up to 13 billion crowns ($1.3 billion), the armed forces estimated in a 2019 report.
The Port of South Louisiana (Port SL) said it has reached a deal with T. Parker Host to buy the Avondale Global Gateway, a logistics hub at site of the former Avondale Shipyard.The acquisition of this 254-acre facility at mile 108 of the Mississippi River will allow the port to be more competitive in traditional international trade and focus on the new frontier of renewable energy development
The Dutra Group has named Harry K. Stewart as its Chief Executive Officer. Stewart, who previously held the position of Chief Operating Officer at Dutra, assumes his new role as the company celebrates its 50th anniversary. Bill T. Dutra, who led the company since its founding, will move into the role of Executive Chairman.
At least one liquefied natural gas (LNG) vessel gave up on Freeport LNG's export plant in Texas after the company last week delayed its planned restart to the end of December, ship tracking data from Refinitiv showed.Some analysts have said they do not expect Freeport to return until January
Singapore-based shipbuilder Keppel has terminated three construction contracts signed years ago, citing clients' failure to pay up. The terminated contracts are related to orders made by TS Offshore, Sapura Energy, and Crystal Heights. TS Offshore, in March 2014, ordered a 500 feet water depth N Plus jack-up rig, worth about US$500 million (“TS Jasper Vessel”).
U.S. crude shippers are exporting huge amounts of oil to meet strong demand from Europe following Russia's invasion of Ukraine and subsequent sanctions against Moscow. In coming years U.S. oil may find even more buyers overseas, but that could test the capabilities of U.S. export infrastructure.How much crude does the United States typically export?U.S. crude exports averaged 3.
Shell said on Friday it had loaded and shipped a cargo of liquefied natural gas (LNG) this week at its Prelude floating LNG facilityafter workers scaled-down industrial action at the site off northwestern Australia.The oil and gas giant slowed output at the 3.6-million tonne per year facility last week during a series of work stoppages by unions fighting for better pay and had warned that
Greece has impounded a Russian oil tanker off the island of Evia, the Greek coastguard said on Tuesday, as part of European Union sanctions imposed on Moscow over its invasion of Ukraine.Earlier this month, the EU banned Russian-flagged vessels from the 27-nation bloc's ports, with some exemptions
Japan's Asahi Tanker said it will start using the world's first electric-powered tanker for ship fuelling, known as bunkering, later this month in an effort to cut carbon emissions.Japan, which is the world's fifth-biggest CO2 emitter, aims to achieve carbon neutrality by 2050, while the global shipping industry, which relies on oil to power its vessels
Kawasaki Heavy Industries (KHI) and other Japan-based firms said on Tuesday that a pilot project to transport hydrogen produced from brown coal in Australia to Japan in the world's first liquefied hydrogen tanker had proven technically feasible.While hydrogen is widely touted as a fuel of the future with zero carbon emissions, it requires intensive energy input
SHADOWCAT and Triton Submarines have collaborated to develop and introduce a new Launch and Recovery Craft (LARC) dubbed SHADOWLARK. Designed by Incat Crowther, SHADOWLARK is a package priced under $10m for delivery in less than 14 months, a package that includes a 24-m LARC designed to carry a Triton 3300/3 MKII submersible
A group of European development banks plan to double its funding for global efforts to stop plastic waste from polluting the world's oceans to 4 billion euros ($4.6 billion).The Clean Oceans Initiative, led by the French and German development banks and the European Investment Bank is the largest such grouping targeting plastic pollution of the sea.