The Trump administration on Thursday issued guidelines to help ship owners and insurers avoid the risks of sanctions penalties, standards that maritime players and a senior State Department official said were modified following months of discussions with industry.The guidelines, known as a Global Maritime Advisory, concern sanctions on Iran, North Korea and Syria.
Oil prices settled 5% higher on Friday in their second consecutive week of gains as U.S. producers cut production with the number of drilling rigs falling to a record low, and as more states moved ahead with plans to relax lockdowns intended to halt the coronavirus pandemic.The number of operating oil and natural gas rigs fell by 34 to an all-time low of 374 this week - reflecting data going
The U.S. Navy hospital ship Comfort departed New York harbor on Thursday, just a month after arriving to help ease the strain on overburdened city hospitals dealing with the novel coronavirus outbreak.The 1,000-bed Navy vessel, headed back to its home base in Norfolk, Virginia, never neared its capacity, even as the city quickly became the world’s epicenter for COVID-19 infections.
The U.S. Navy accepted delivery of its first Zumwalt-class destroyer USS Zumwalt (DDG 1000) on April 24 following Combat Systems Activation.The ship will transition to the next phase of developmental and integrated at-sea testing. This event marks a major milestone of the dual delivery approach for USS Zumwalt
The U.S. Navy hospital ship USNS Comfort (T-AH 20) will soon return to Norfolk, Va., President Trump said Tuesday, less than a month after the ship was deployed to New York to support COVID-19 response efforts."I’ve asked [New York Governer] Andrew [Cuomo] if we could bring the Comfort back to its base in Virginia so that we can have it for other locations, and he said we would be able to do that
The United States called on China on Saturday to stop "bullying behavior" in the South China Sea and said it was concerned by reports of Beijing's "provocative actions" aimed at offshore oil and gas developments in the disputed waters.Three regional security sources told Reuters on Friday that a Chinese government survey ship was tagging an exploration vessel operated by Malaysia's state oil
While facing the same challenging market conditions as offshore vessel owners and service companies worldwide, Norway’s Island Offshore recently broke free from the enforced conservatism of the E&P sector, by adding not just a new ship to its fleet, but one that re-writes the rulebook in capabilities, technology and despite its size and power, environmental credentials.
U.S. Navy hospital ship USNS Comfort (T-AH 20) departed Norfolk, Va. Saturday for New York City in support of the COVID-19 response efforts.The Military Sealift Command ship will serve as a referral hospital for patients not infected with COVID-19, providing a full spectrum of medical care to include general surgeries, critical care and ward care for adults
Island Offshore took delivery of Island Victory, a new offshore installation vessel, at VARD Langsten today (Friday, February 7, 2020).Upon delivery the vessel will head straight into operation, spending a couple of weeks in the spot market, before commencing a series of contracts – in the Barents Sea and the Gulf of Mexico – securing work for the vessel potentially throughout October this year.
Danish tanker owner and operator Maersk Tankers is set to add 11 ships to its managed fleet in a deal with BP Shipping and ICBC Financial Leasing.Under the terms of the agreement, Maersk Tankers will take each vessel from the owner under a bare-boat charter arrangement, which it will then hire out to BP under a time charter deal for a period of three years.
Rescue workers on Monday freed the final crew member trapped inside a South Korean cargo vessel that flipped on its side off the coast of Georgia, the U.S. Coast Guard said.Salvage crews gradually drilled an opening in the ship's massive hull on Monday, first to deliver food and water to the survivors, then to extract them, the U.S. Coast Guard said.
Hungarian salvage crews prepared on Monday to raise the wreck of a pleasure boat that capsized on the Danube river in Budapest, killing 26 South Korean tourists and two local crew.The Mermaid sank after a large Swiss-owned cruise liner struck it from behind on May 29 as both vessels passed under a 19th century bridge in the Hungarian capital during heavy rain.