Prospects for the crude oil tanker market are expected to stay strong for at least the next year helped by low ship ordering, despite the loss of some trade from Russia due to Western sanctions, leading ship operators say.Russia has increased exports to Asia, Africa and South America following the imposition of Western sanctions for its invasion of Ukraine.
SAAM Towage announced it has closed an agreement with Teck & Neptune Terminals that will allow the deployment of the first two electric tugs to its fleet.The ElectRA 2300SX tugs are designed by Vancouver-based Robert Allan Ltd. and will be built at Sanmar Shipyards in Turkey.Scheduled for delivery during the second half of 2023
China's threat of force is undiminished, Taiwan President Tsai Ing-wen said on Thursday, even though Beijing's largest ever military drills around the island seemed to be scaling down.Furious about a visit to Chinese-claimed Taiwan last week by U.S. House of Representatives Speaker Nancy Pelosi
A tanker of U.S. sour crude was delivered at Germany's port of Rostock last week for the first time ever, according to sources, analysts and vessel tracking data, as local refiners test alternatives to Russian oil.The European Union plans an almost-complete embargo of Russian barrels by year-end, and is trying to wean itself off Russian crude imports, which have fed inland refineries in Germany
Singapore-based shipbuilder Keppel has terminated three construction contracts signed years ago, citing clients' failure to pay up. The terminated contracts are related to orders made by TS Offshore, Sapura Energy, and Crystal Heights. TS Offshore, in March 2014, ordered a 500 feet water depth N Plus jack-up rig, worth about US$500 million (“TS Jasper Vessel”).
Three ships loaded with grain under a recently concluded deal have left Ukrainian ports, the Turkish Defense Ministry and Reuters witnesses said on Friday.The Joint Coordination Centre in Istanbul, which groups Russian, Ukrainian, Turkish and U.N. personnel, said two ships were setting off from Chornomorsk and one from Odesa.
The U.S. Navy announced it has accepted delivery of the lead ship of its new class of fleet replenishment oilers, USNS John Lewis (T-AO 205), built by General Dynamics NASSCO in San Diego.T-AO 205’s July 26 delivery follows the completion of Acceptance Trials with the Navy’s Board of Inspection and Survey to test the readiness and capability of the craft and to validate requirements.
The Marshall Islands is considering "expelling" from their ship registry any Russian yachts or boats that have been targeted by Western-led sanctions on Russia over its invasion of Ukraine, its foreign minister said on Friday.The minister, Casten Nemra, whose country along with Panama and Liberia is popular for registering ships
A.P. Moller-Maersk's board said on Tuesday it has nominated family heir Robert Maersk Uggla to be its next chairman as part of a generational handover at the Danish shipping company.Current chairman Jim Hagemann Snabe and vice-chair Ane Maersk Mc-Kinney Uggla, Robert Maersk Uggla's mother, are not standing for reelection to the board at its March 15 annual general meeting
The U.S. Senate on Thursday failed to pass a bill to slap sanctions on Russia's Nord Stream 2 natural gas pipeline sponsored by Republican Senator Ted Cruz, a day after Democrats unveiled their own legislation.The tally was 55 in favor and 44 against the bill that needed 60 votes to pass, a major hurdle in the 50-50 Senate.
While many challenges remain to deliver the full promise of U.S. offshore wind, so too do opportunities. Robert Galinski, DNV’s Offshore Wind Director, Americas discusses the pace and direction of the U.S. offshore wind market from the perspective of class.While Robert Galinski has served as DNV’s Offshore Wind Director, Americas, for just about one year
Sanmar has acquired a third shipyard in Turkey.Founded in 1976, Sanmar builds tugboats at its two shipyards, Sanmar Tuzla and Sanmar Altinova, in the cities of Istanbul and Yalova respectively.The shipyard that Sanmar has purchased was specialized in the repair and construction of small work boats and fishing boats. Located next to Sanmar Tuzla Shipyard.