IMO Secretary-General Kitack Lim has criticized the “no crew change” clauses in charterparties, stressing that such clauses exacerbate the dire situation of stranded seafarers and undermine the efforts undertaken to resolve the ongoing crew change crisis. The so-called “no crew change” clauses, whic
Navis, a part of Cargotec Corporation engaged in providing operational technologies and services to bolster terminals’ performance efficiency, has identified its top predictions and trends that will drive the shipping industry and the technology that will be most impactful for meaningful operations
ConocoPhillips has made a new oil discovery in production license 891 located 14 miles north-northeast of the Heidrun field in the Norwegian Sea.
Eni has signed a concession agreement for the acquisition of a 70% stake in a block off Abu Dhabi, leading a consortium including Thailand’s PTTEP.
Monaco-based bulker owner Safe Bulkers has acquired a Japanese-built Post-Panamax class, 87,000 dwt, eco-efficient newbuild vessel. The vessel is designed to meet the latest requirements of Energy Efficiency Design Index related to greenhouse gas, EEDI, Phase 3. Once delivered in the third quarter o
Bahamas Petroleum Company (BPC) has started drilling its eagerly anticipated Perseverance #1 well offshore the Bahamas and using the Stena IceMAX drillship.
Japanese shipbuilding majors Imabari Shipbuilding and Japan Marine United Corporation have received approvals from all competition authorities to move forward with the establishment of their Joint Venture company. As disclosed, the capital and business alliance and the establishment of the joint ven
Oil major Shell said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion following a string of impairments this year as it adjusts to a weaker outlook.
A project to construct the world’s first zero-emission hydrogen vessels has been awarded NOK 219 million ($25 million) by the Norwegian government-owned organization Enova.
Mediterranean Shipping Company (MSC) is calling for an urgent crew change solution for the bulk carrier Anastasia, which is stuck off the coast of northern China together with dozens of ships in a waiting line near the port of Caofeidian. Many of the crew members have been at sea for several months
Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels to the offshore energy industry, has won contract extensions for two K-Class (small) vessels.
Offshore drilling firm Shelf Drilling has agreed to sell a jack-up drilling rig to UAE-based ADNOC Drilling.
US alternative asset management firm EnTrust Global said it has completed fundraising for its EnTrust Global Blue Ocean Funds for investment in the global maritime industry.
South Korean shipbuilder Korea Shipbuilding & Offshore Engineering has reported a surge of orders over the past week hitting a head-spinning $2.2 billion (KRW 2.45 trillion) in value. The latest contract revealed today includes an order for four container ships. The boxships were ordered by an unnam
