The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion of Ukraine. As a result, activity and business sentiment in the floating production sector have seldom been stronger. Brent crude has been trading above $100 over the past three months
Britain says it has canceled a contract with P&O Ferries "with immediate effect" in its latest action against the DP World-owned company following its decision to axe hundreds of staff earlier this year.The Home Office (interior ministry) said it was ending its agreement with the firm to provide contingency travel services to "juxtaposed ports" where British staff operate border controls in
Greenpeace protesters have blocked the entry of a Greek tanker into a southern English port due to its Russian fuel cargo with police making arrests, the green group said on Monday.Britain and the EU have separately banned Russian-flagged vessels from their ports, with exemptions, after Russia's invasion of Ukraine in what the Kremlin describes as a "special military operation.
The U.S. offshore wind sector continues to pick up speed on its journey to deploy 30 GW of offshore wind by 2030 and 110 GW by 2050, with a total investment of $205 billion required for the 70 GW of capacity forecast to be added in this and the next decade. This is the conclusion of the latest monthly report from Intelatus Global Partners on the growing U.S. offshore wind market.
Russian attacks on Ukraine's grain infrastructure look like attempts to reduce the competition in Russia's export markets, German Agriculture Minister Cem Oezdemir was reported as saying on Monday.Ukraine could lose tens of millions of tonnes of grain due to Russia's blockade of its Black Sea ports, triggering a food crisis that will hit Europe, Asia, and Africa
The wreckage of polar explorer Ernest Shackleton’s ship Endurance, which was crushed by Antarctic ice and sank some 10,000 feet (3,000 m) to the ocean floor more than a century ago, has been found, a team searching for it said on Wednesday.The three-masted sailing ship was lost in November 1915 during Shackleton’s failed attempt to make the first land crossing of Antarctica.
About two dozen cases of COVID-19 have been recorded among the crew of an Australian warship expected to arrive in coronavirus-free Tonga on Wednesday to deliver humanitarian aid, Australian authorities said on Tuesday.Tonga, hit by a massive volcanic eruption and a tsunami on Jan.
An out-of-service Staten Island Ferry vessel has reportedly been purchased by Saturday Night Live stars Pete Davidson and Colin Jost.The Staten Island natives bought the decommissioned 277-foot ferry John F. Kennedy at auction in partnership with Manhattan real estate broker and comedy club owner Paul Italia, the New York Post reported.
The Port of Los Angeles is beginning the hard work of convincing terminal operators, importers, warehouses owners and trucking firms to embrace moving more cargo at night."It's not a single lever we can pull today to open up all the gates," Executive Director Gene Seroka said on Thursday.
Eastern Shipbuilding Group on Monday commenced construction of U.S. Coast Guard Cutter (USCGC) Ingham (WMSM-917), the third hull of the Heritage Class Offshore Patrol Cutter (OPC) program.The occasion was observed by leaders of the U.S. Coast Guard Project Resident Office at ESG’s Allanton Shipyard where the first steel plates were cut by ESG personnel in the 103
Rolls-Royce and Sea Machines Robotics announced they are working together to deliver remote command, autonomous control and intelligent crew support systems to the marine market.As part of this agreement, Rolls-Royce business unit Power Systems and Sea Machines, the developer of remote-vessel command and autonomous control systems
Eastern Shipbuilding Group, Inc. (ESG) announced it has completed the first of three new Staten Island “Ollis Class” ferries for the City of New York Department of Transportation (NYCDOT) Staten Island Ferry Division. The MV SSG Michael H. Ollis, Hull 219, departed ESG’s Port St. Joe, Fla. facility fully certified and passenger ready.