Shipping companies that transport the world's coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest fossil fuel.In a sign of investors taking the initiative, six European firms collectively representing over 5% of the estimated annual $16 billion capital financing requirements of the
More than 80% of oil production in the Gulf of Mexico remains shut in after Hurricane Ida, a U.S. regulator said on Monday, more than a week after the storm made landfall and hit critical infrastructure in the region.Energy companies have been struggling to resume production after Ida damaged platforms and caused onshore power outages. About 1.
Surveyors from the UK Maritime and Coastguard Agency are to carry out unannounced inspections of fishing vessels across the UK with the aim of increasing safety in the industry after a growing number of fatalities."The inspections are being carried out as part of ongoing work around fishing vessel safety in an industry-recognized to be one of the dangers in the world," the MCA said.
A woman officer will be appointed to the rank of admiral for the first time in the centuries-long history of the British Royal Navy.Commodore Jude Terry, who has served for nearly a quarter of a century, has been selected for promotion to rear admiral, making her the most senior woman in the Royal Navy, past or present.
Offshore energy companies have started searching for new bases away from Louisiana's devastated ports as oil and gas companies launch efforts to resume their Gulf of Mexico operations.Port Fourchon, a key hub for the offshore industry, was slammed by Ida on Sunday when it made landfall with winds over 150 miles per hour (240 kph).
The names of the British Royal Navy's five next-generation Type-31 frigates have been announced by the First Sea Lord, Admiral Tony Radakin. Approved by HM The Queen, the vessels will be named HMS Active, HMS Bulldog, HMS Campbeltown, HMS Formidable and HMS Venturer.Grouped together as the Inspiration Class
Two of the world's biggest fertilizer producers, CF Industries Holdings Inc and Yara International Asa, are seeking to cash in on the green energy transition by reconfiguring ammonia plants in the United States and Norway to produce clean energy to power ships.The consumption of oil for transportation is one of the top contributors to global greenhouse gas emissions that cause climate change
AvA Yachts is currently building M/Y Infinity Nine, the second of AvA’s Kando series being built for former NBA star Tony Parker.Parker visited the yard to witness construction firsthand, and to date the hull and superstructure are now complete with the final coating of the hull underway. All major equipment has been delivered and installed and the interior fit out has begun in earnest.
The Offshore Marine Service Association (OMSA) on Tuesday announced the formation of the OMSA Workforce Development Committee and requested Members nominate professionals to the Committee. Like much of the international maritime industry, OMSA members are working to secure a sufficient number of mariners for their current operations, increased activity in traditional offshore markets
Thordon Bearings, manufacturer of water-lubricated and grease-free polymer bearing technologies, has appointed Anthony Hamilton as its new Technical Director. Reporting directly to CEO Anna Galoni, Hamilton will lead the Burlington-headquartered company’s engineering, CAD and New Product Development teams.
John McDonald will become ABS Executive Vice President and Chief Operating Officer as Tony Nassif has announced his plans to retire on December 31, 2021.As part of the company’s succession planning process, McDonald will assume the head operations role on July 26, 2021. Celebrating 25 years of service with ABS this year
Chinese state-run shipping giant COSCO Shipping Development Co said on Tuesday that it holds a 3.74% stake in Bank of Kunlun, which has acted as a key official channel for money flows between China and Iran.The statement was made by the shipping firm on the e-interview platform of the Shanghai Stock Exchange, in response to an investor question on whether it held a stake in the bank.