Yemen's Houthis said on Monday that they conducted four military operations targeting four ships in the Red, Arabian and Mediterranean Seas as well as the Indian Ocean "linked to the United States, the United Kingdom and Israel."In the first operation, "Israeli ship MSC Unific was targeted in the Arabian Sea," Yahya Sarea, the Yemeni group's spokesperson said."A U.S.
Tariffs and trade agreements are a complex subject and going down the rabbit hole can result in endless and ultimately pointless discussions. Strangely, tariffs and trade agreements are simply a game that ideally is beneficial to all and has no true winners and losers. Trade is not a Zero Sum game where a winner takes all and the loser gets nothing.
Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship market: What happens to cold-stacked rigs that are unlikely to return to work? With the floater market showing signs of weakness and contract opportunities becoming scarcer, reactivating these units is proving even more challenging.
The Passenger Vessel Association's annual Maritrends Convention is underway in Savannah, GA against a backdrop of melting snow (really!) and an impressive gathering of industry elite. The event never disappoints, and this year's version has something for everyone. It has been five years since I was fortunate enough to attend the Passenger Vessel Association's annual signature event known as
The regulatory landscape is about to get a whole lot more complicated, with the advent of FuelEU Maritime from January 1, 2025. This ambitious framework, focusing on the ‘well-to-wake’ GHG intensity of vessels trading within Europe, laughs in the face of traditional methods of calculating and tracking emissions, making Excel sheets strictly yesterday’s news.
Lane Richards has worked in the maritime industry for 22 years. He began his career in the trades prior to a successful transition to project management and various sales management roles.After a short but successful stint at Nichols Brothers Boat Builders, Richards transitioned to head up the commercial sales effort at Puglia Engineering’s Fairhaven Shipyard prior to returning to Nichols
When Richard Schwarz joined SAFE Boats International as chief financial officer in 2015, he brought to the company a healthy dose of experience in defense and aerospace manufacturing, primarily gained on the financial side of the business. About 2.5 years later, he transitioned to become chief executive officer of the Pacific Northwest boatbuilder
Esgian provides an update on what has been a busy week in the offshore drilling market in its Week 31 Rig Analytics Market Roundup.Report SummaryContractsBorr Drilling has confirmed new contracts for several of its 400-ft jackups, including work for the Arabia I in Brazil, Gunnlod in Malaysia, and Norve in Gabon.
Esgian provides an update on new rig deals in its Week 30 Rig Analytics Market Roundup.Report SummaryContractsValaris has been awarded a multi-year contract with Equinor Energy do Brasil, a subsidiary of Equinor, for the 12,000-ft drillship Valaris DS-17. The contract relates to work on Project Raia offshore Brazil.
Esgian provides an update on drilling activity in its Week 26 Rig Analytics Market Roundup.Report SummaryContractsVentura Offshore has been granted exclusive marketing rights from Hanwha Drilling LLC for the newbuild 12,000-ft 7th generation drillship, Tidal Action, for an ongoing tender process in Brazil.