Ukraine's Black Sea port of Odessa is set to receive on Wednesday its first ever West Texas Intermediate (WTI) oil cargo from the United States, according to industry sources and shipping data, just a month after the front-month futures for the blend turned negative.U.S. West Texas Intermediate (WTI) May crude futures sank to minus $38 per barrel on April 20, just days before their expiration
Pirates have reportedly kidnapped 10 crew members from an oil tanker off the coast of Nigeria, maritime security consultancy Dryad Global reported.An uknown number of indiviudals on board a single speedboat are said to have attacked the Panama-flagged Vemahope on April 30, about 178 nautical miles south-southeast from Lagos, kidnapping 10 and leaving four crew on board.
Pirates attacked a Portugal-flagged ship and kidnapped its Bulgarian captain and seven sailors off the coast of Benin, Bulgaria's foreign ministry said on Tuesday.A ministry statement said the pirates who boarded the Tommi Ritscher container ship at the port of Cotonou in the Gulf of Guinea on Sunday had released 11 other members of the crew.
Bollinger Shipyards on Thursday delivered the USCGC Harold Miller to the U.S. Coast Guard in Key West, Fla. This is the 161st vessel Bollinger has delivered to the U.S. Coast Guard over a 35 year period and the 38th Fast Response Cutter delivered on the current program. The USCGC Harold Miller is the third of three FRCs to be home-ported in Galveston, Texas.
BC Ferries has awarded Remontowa Shipbuilding S.A. a contract to build an additional liquefied natural gas (LNG)-fueled vessel scheduled to go into service in the Southern Gulf Islands in 2022.This vessel will be identical to the three Salish Class vessels built by Remontowa for BC Ferries in 2016.“Our Clean Futures Plan is our path to replace diesel fuels with clean erenergy options.
Product tanker freight rates softened in the third quarter of 2019 but rebounded strongly at the start of the fourth quarter following an increase in crude tanker rates that began after the attacks on Saudi Arabian oil facilities and accelerated dramatically to multi-year high levels at the end of September when the US imposed sanctions on two subsidiaries of China's COSCO Shipping.
Oil prices jumped more than 2% on Friday, October 11, 2019, after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants.The Suezmax crude tanker Sabiti was ablaze and suffered heavy damage after being hit by two missiles, Iranian media reported.
Bourbon said a mission has been launched to rescue 14 crew from one of its vessels taking on water in heavy seas near a category 4 hurricane in the Atlantic Ocean.The French offshore vessels owner said water is entering the stern of the 49.5-meter tug supply vessel Bourbon Rhode, about 60 nautical miles south-southeast from the eye of hurricane Lorenzo.
Hurricane Dorian took aim at the Bahamas and the Florida coast on Thursday, spurred on by warm Atlantic waters as it threatens to strengthen into a dangerous Category 3 storm.Dorian earlier sideswiped the Caribbean without doing major damage but is expected to strengthen and slam the Bahamas and the southeastern United States with rain
A pigment package designed by the U.S. Naval Research Laboratory (NRL) to slow discoloration of the exterior coating on surface ships has started to make its way into the fleet and is producing early, positive results.NRL researchers created the pigment combination to satisfy the fleet requirement for the Navy standard "haze gray" paint that will remain color stable for longer than current
Three Iranian vessels tried to block a BP-operated tanker passing through the Strait of Hormuz but backed off when confronted by a Royal Navy warship, the UK government said on Thursday.Britain urged Iran to "de-escalate the situation in the region" after the British Heritage, a Suezmax oil tanker operated by BP under an Isle of Man flag, was approached.
The deepwater drilling contractor Seadrill said that its contract backlog, as of May 23, 2019, totaled approximately $1.9 billion.The drilling services provider said it has added $130 million of additional backlog from March, including the AOD I award of a three year follow on contract with Saudi Aramco keeping the unit employed until June 2022, which adds approximately $82 million in backlog.