The main exporters of thermal coal for coal-fired power plants to the United Kingdom have experienced a heavy decline in seaborne cargo volumes in 2016 as a result of the UK close to doubling its Carbon Price Floor (CPF), according to BIMCO. Russia, Colombia and the United States have been the top c
Papua New Guinea-focused player InterOil on Monday said that the $2.5 billion takeover deal by U.S.-based energy giant ExxonMobil had been approved by a Canadian Supreme Court. The Supreme Court of Yukon approved the pending transaction after the close of business on October 7 finding that the trans
3D visualization of monopile installation process
A ban on all flights of Airbus Helicopters’ Super Puma EC225LP and AS332L2 remains in place in Norway and UK despite a lift of the temporary suspension by the European Aviation Safety Agency (EASA). To remind, the EASA informed on Friday it was lifting the temporary ban on the Super Puma EC225 LP an
Transocean Winner, the oil rig that grounded near Scottish Carloway in August and that was subsequently towed to Broad Bay, was loaded onto the semi-submersible heavy lift ship Hawk on October 7, 2016, ready to depart the UK. The UK Maritime and Coastguard Agency (MCA) verification aircraft was on s
The Republic of the Marshall Islands (RMI) Registry attained the status as the world’s largest tanker fleet with additional tonnage joining the registry from markets in Greece, the United States (US), and Asia. The RMI flagged tanker fleet now stands at 44.6 million gross tons (GT), while the regist
Following the passing of Hurricane Matthew, seaports in North Carolina, South Carolina, Georgia and Florida are returning to normal operating conditions. The North Carolina State Ports Authority said the Ports of Wilmington and Morehead City will return to a normal operating schedule on October 10,
John Verdonk Business Unit Manager Offshore Temporary Living Quarters at Seafox As wind farms go further and further offshore into more challenging waters and harsher environments, the industry is developing a number of solutions to cope with the demands of the wind farm’s initial construction perio
John Verdonk Business Unit Manager Offshore Temporary Living Quarters at Seafox As wind farms go further and further offshore into more challenging waters and harsher environments, the industry is developing a number of solutions to cope with the demands of the wind farm’s initial construction perio
GAC Bunker Fuels (GBFL), the GAC group’s bunker trading and brokerage arm, has entered a strategic partnership with REV LNG and REV LNG Marine to deliver LNG bunkering services to ship owners and operators trading in North America.
Malaysian marine services and vessel provider Coastal Contracts was recently served with a notice of arbitration from one of its suppliers for an alleged wrongful termination of a shipbuilding contract. The notice was served to one of Coastal Contracts’ subsidiaries for terminating the shipbuilding
Novatek, the Russian operator of the Yamal liquefied natural gas project, reported a slight decrease in natural gas and liquids production during the first nine months of 2016.
Australian construction company CIMIC on Monday tabled an offer to buy Australian rival UGL Ltd. for about A$524 million ($398 million). CIMIC, controlled by Germany-based Hochtief AG that is owned by Spanish construction company Grupo ACS, said in a statement it will offer A$3.15 per share for UGL,
In August 2016, after successful completion of sea trials, Trailing Suction Hopper Dredger (TSHD), Jun Yang 1, was handed over to her new owners. Built at the Royal IHC’s shipyards in Kinderdijk, the Netherlands, the TSHD was developed for CCCC Guangzhou Dredging Company Ltd (GDC), which is based in
