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).
Over the last few years, many statements have been made concerning growth in offshore wind turbine and foundation installation demand. These statements have been followed, in some cases, by firm orders for high-specification vessels, mainly from established players. However, many of the announcements remain unconverted into shipyard orders.
Royal Caribbean has unveiled new design details for what is set to be the world's largest cruise ship, Icon of the Seas.The 250,800 GT vessel, the first in Royal Caribbean's new Icon-class, is being built by Finnish shipbuilder Meyer Turku, who began construction in June. First announced in 2016, the mega cruise ship is scheduled for delivery in October or November 2023.
Water levels on the river Rhine in Germany have risen sharply after rain this week, approaching normal levels and helping cool off cargo shipping rates, vessel brokers and commodity traders said on Thursday.Prices for cargo shipping are falling as vessels are able to load more freight, they said.
Water depths on the river Rhine in Germany have fallen after dry weather this week but remain well above the crisis lows of this summer, vessel brokers and commodity traders said on Friday.Rain is expected in south German river catchment areas over the weekend and next week, which is expected to raise water levels again, they said.
An ancient shipwreck found off the shore of Israel and loaded with cargo from all over the Mediterranean shows that traders from the West still came to port even after the Islamic conquest of the Holy Land, researchers say.A surprise storm? An inexperienced captain? Whatever the reason
Water depths on the Rhine River in Germany have risen thanks to recent rain and are approaching normal levels after falling this summer to lows that disrupted transportation, vessel brokers and commodity traders said on Monday.But, since dry weather was forecast for much of this week, levels could fall again and the picture had not yet normalized, brokers said.
More than 1,900 workers at Britain's biggest container port are due on Sunday to start eight days of strike action which their union and shipping companies warn could seriously affect trade and supply chains.The staff at Felixstowe, on the east coast of England, are taking industrial action in a dispute over pay
Top U.S. Gulf of Mexico oil producer Shell said on Thursday it halted production at three U.S. Gulf of Mexico deepwater platforms after a leak shut two pipelines connecting the platforms, adding it expected pipeline service to resume on Friday.A failure at an onshore pipeline junction in Louisiana leaked about two barrels of oil, said Chett Chiasson
Water levels on the Rhine in Germany continue to fall in hot weather, sending shipping costs higher because vessels cannot sail on the river fully loaded, vessel brokers said on Friday.Freight shipping on the river continues but with vessels sometimes forced to sail 75% empty.Low Rhine water will also hit output from two German coal-fired power stations in the coming months.
Staff at Britain's largest container port, Felixstowe, have voted in favor of strike action in a dispute over pay, the Unite union said on Thursday, warning of huge disruption across the supply chain.The dockworkers join a growing wave of employees, in a range of sectors from rail to telecoms
Remote-controlled cameras will take over responsibility from U.S.-led peacekeepers for ensuring international shipping retains freedom of access to the Gulf of Aqaba, whose coastline is shared by Israel and three Arab nations, officials said.Tiran island, which lies in the straits of the same name at the mouth of the gulf