A major Russian shipyard that specializes in building non-nuclear submarines said its general director had died suddenly on Saturday after 11 years in the job, but gave no details.Admiralty Shipyards, based in the western port of St Petersburg, announced the death of Alexander Buzakov in a statement. He had been in the job since August 2012.
As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3.8 bcfd of gas) of FPS throughput capacity sanctioned year to date (YTD).
The ocean freight rate landscape in the Far East has been completely redrawn since the start of the year, with spot rates plummeting by an average of 75% across the six major trading lanes, Xeneta said in its latest report.By comparison, long-term rates are proving more resilient, with a fall of ‘just’ 13%, the ocean and air freight rate benchmarking and market analytics platform said Friday.
A fire broke out on Wednesday aboard oil major Equinor's Johan Castberg floating production, storage and offloading (FPSO) vessel, which is under construction at a shipyard in Norway, public broadcaster NRK reported.Workers were evacuated and there were no reports of injuries, according to the report.
Jordan on Sunday dismissed senior officials at the country's main Red Sea port of Aqaba port after finding gross negligence was behind the deaths of thirteen people following a chlorine gas leak at a major berth.The deaths and injury of over 300 workers came after a crane loading chlorine containers onto a ship last Monday dropped one onto the quay, causing it to explode.
Forecasters on Thursday amped up their outlook for the U.S. Atlantic hurricane season, saying warm sea temperatures and the absence of a moderating wind shear portend a "well-above average" number of storms.Colorado State University researchers raised their estimate for tropical storms, hurricanes and major hurricanes by one apiece to 20, 10 and five, respectively.
Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow's exports, five industry sources with knowledge of the matter told Reuters.Losing access to refueling points in the Mediterranean Sea poses major logistical problems for Russian oil tankers going from Baltic ports to Asia and also creates safety
Australia on Tuesday said it would lift its entry ban for international cruise ships next month, effectively ending all major COVID-related travel bans after two years and boosting a tourism industry hit hard by the pandemic restrictions.Australia banned the entry of cruise ships in March 2020, when they were the source of about 20% of Australia's early coronavirus infections.
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
Ukraine's military has suspended commercial shipping at its ports after Russian forces invaded the country, an adviser to the Ukrainian president's chief of staff said, stoking fear of supply disruption from the leading grain and oilseeds exporters.Russia earlier suspended the movement of commercial vessels in the Azov Sea until further notice
Efforts to speed up the movement of goods around the world have yet to solve the supply chain bottlenecks caused by surging demand for retail goods and pandemic-related lockdowns, the latest shipping data shows.Delays at U.S. major ports have been particularly severe, but knock-on effects have also been felt around the world.
Russian warships entered the Barents Sea on Wednesday to rehearse protecting a major shipping lane in the Arctic, its Northern Fleet said on Wednesday, as Moscow stages sweeping military exercises involving all of its fleets.Russian military moves are being closely watched by the West at a time when a troop build-up near its border with Ukraine has sparked fears of a conflict.