Central Coast Council has revised its Coastal Zone Management Plan for the northern coastal areas and is seeking community feedback on the proposed changes. Council has worked with the NSW Office of Environment and Heritage to review the Wyong Coastal Zone Management Plan (WCZMP 2017) in response to
The European Union has awarded the international Odyssea consortium €8.4 million ($9.4 million) to develop an interoperable and cost-effective platform that fully integrates networks of observation and forecasting systems across the Mediterranean basin. Odyssea, comprised of 28 partner organizations
ACE Winches has mobilised and installed a winch package for use on the jacket installation and float-over of the topside of the DolWin gamma platform, the centrepiece of the 900MW DolWin3 grid connection.
ACE Winches has mobilised and installed a winch package for use on the jacket installation and float-over of the topside of the DolWin gamma platform, the centrepiece of the 900MW DolWin3 grid connection.
Spanish dockworkers have shelved their strike plans announced for the following two weeks, the country’s union Coordinadora said. The union announced earlier a three-week strike advisory during the odd hours on May 24, 26, 29, 31 and June 2, 5, 7, 9 following the passing of the royal decree by the c
Tanker market’s slowdown has slashed SCF Group’s net profit to USD 39.9 million during the first quarter of the year from USD 103.1 million booked a year earlier. “Tanker freight market experiences significant headwinds, with some spot market segment TCE rates down over 40 per cent year-on-year,” Ru
Russia’s largest shipping company Sovcomflot posted a drop in net profit of over 60 percent during the first quarter of 2017.
Greek owner of dry bulk vessels Diana Shipping today reported a net loss of USD 26.5 million for the first quarter of 2017, narrowing last year’s net loss of USD 31.4 million. The company’s net loss attributed to common stockholders of was USD 27.9 million, also down from USD 32.8 million reported i
A UK court has appointed joint administrators for the drilling contractor Paragon Offshore following the driller’s application last week for administration in the United Kingdom to advance its Chapter 11 plan. Paragon reported on Tuesday that the High Court of Justice, Chancery Division, Companies C
The construction of the largest airport in the world, the new Istanbul airport, is currently underway. The airport, located in Arnavutköy district on the European side of Istanbul, is being constructed by a consortium called IGA, which is formed by Cengiz, MAPA, Limak, Kolin and Kalyon. On the north
By Karolin Schaps THE HAGUE (Reuters) – Royal Dutch Shell shareholders on Tuesday widely rejected a proposal by an environmental group calling for the oil company to set and publish annual targets to reduce carbon emissions. The vote is a setback for climate activists who are increasing pressure on
Image Courtesy: Besiktas Shipyard M/T Damia Desgagnés, the world’s first dual-fuel asphalt tanker, was christened at the Port of Montreal on May 18. The 14,700 dwt asphalt-bitumen-chemical tanker is the first in a series of four carriers built by Turkish Besiktas Shipyard for Canadian shipping compa
Carriers’ overall on-time and transit time reliability decreased in April as the great migration of vessels ensued amid launching of the mega ocean shipping alliances, 2M, OCEAN Alliance, and THE Alliance on April 1. Namely, the on-time reliability in April decreased to 59% from 63% in March 2017, a
By Charlie Hockless, Senior Offshore Analyst at VesselsValue Since 2014 we’ve seen a significant decline in the oil price from 115 USD/bbl to 28 USD/bbl, with a recovery to around 50 USD/bbl (today’s price 53.86 USD/bbl). The collapse of oil pricing, reduced spend on exploration and production and t
