Norwegian oil services company Aker Solutions is redeveloping its manufacturing site in Aberdeen. The company said on Friday the move to redevelop the facility was being done in order to “strengthen its capabilities in the UK to offer customers cost-effective services through the life of their subse
Frisia-Offshore GmbH has added another 22-metre catamaran – the Wind Force III – to its fleet of Crew Transfer Vessels (CTVs). The Wind Force III is identical to the company’s 2009-built Wind Force I and the 2013-built Wind Force II. The new CTV will join the sister ships in transferring offshore te
Iran and India have reached an agreement on terminating free shipping of Iranian crude oil to India which was in place for three years during the sanctions against Tehran. Iran decided to ship its oil for free on board its tanker fleet in 2013 as international companies were reluctant to do so follo
ExxonMobil has shipped what is believed to be the first U.S. Gulf of Mexico crude oil to be exported since the 40 years long oil ban on U.S. crude exports was lifted in December 2015. The U.S. oil giant has reportedly shipped a cargo of crude oil from the Gulf of Mexico to its Rotterdam […]
The wreck of the Sewol ferry, which sank exactly two years ago taking more than 300 people with it, could emerge from the water off South Korea’s southern coast by the end of July 2016, according to South Korea’s Ministry of Oceans and Fisheries (MOF). The salvage operation, which will be undertaken
Skangas, a unit of Gasum, informed that the acquisition of the Risavika LNG production plant from Lyse Group has been approved by the competition authorities of Sweden and Norway.
The Belgian port of Antwerp saw a sharp drop of 17.9 percent in dry bulk volumes as it handled 2.9 million tonnes of dry bulk cargo during the first quarter of 2016. The decreased demand for coal resulted in a negative first quarter result in this sector, falling by 81.1 percent to 69,975 tonnes, wh
Petronet LNG, India’s largest importer of the chilled fuel has entered into a memorandum of understanding to boost LNG use in the country’s inland waterway transport.
In Kleven’s first naming ceremony for the year, Edda Freya, Østensjø Rederi’s new offshore construction vessel (OCV), was named on Friday, April 15, in Norway. The 150 m long vessel was launched in August 2015. Edda Freya is designed for cable laying, offshore construction and IMR operations. The ve
Offshore driller Ocean Rig will move its corporate domicile from one offshore financial center to another – from the Marshal Islands to the Cayman Islands. The driller, run by the Greek shipping magnate George Economou, said that starting April 15, Ocean Rig’s common shares will start trading under
South Korea’s Kogas, the world’s largest corporate buyer of LNG, said its sales volume totaled 3.14 million metric tons for the month of March, 4.4 percent down on the same month the previous year.
For the next two years, vessels operating in regulated California waters will continue to be subject to two separate sets of vessel air emission regulations, the California OGV Fuel Regulation and ECA Regulation, marine insurer Gard informs. The decision follows California Air Resource Board’s (CARB
Australian oil and gas exploration and production company, Beach Energy, has decided to abandon the BMG project, offshore Australia. Beach Energy said on Friday that, together with Cooper Energy, the company has accepted an offer from the National Offshore Petroleum Titles Administrator (NOPTA) to c
The European Community Shipowners’ Association (ECSA) is calling upon the EU Member States to give their support to global CO2 agenda for shipping. From 14 to 15 April, EU Transport and Environment Ministers are meeting in Amsterdam for an informal joint Council meeting under the Dutch Presidency. T
