Offshore drilling contractor Valaris has executed a new term loan credit agreement, gaining access to additional liquidity as it is working through its Chapter 11 bankruptcy process.
The UK’s OGA has decided to scrutinise requests for flaring and venting of greenhouse gases offshore the UK, aiming to help reach the country’s net-zero goals.
Iceland-based shipping company Eimskip has denied involvement in the sale of its two former containerships to an unapproved scrapyard in India.
Philippine anchorages and ports saw an increase in the number of incidents of sea robbery from January to September 2020, the ReCAAP Information Sharing Centre said in a special report.
U.S. project development company Sycar, along with other private companies, has received authorisation from the Government of Ecuador to import industrial gas, gasoline, natural gas, diesel, jet fuel, avgas, absorbents, and other derivatives.
More than 400,000 seafarers remain trapped at sea on more than 60,000 cargo ships, as calls to end the ongoing crew change crisis remain unanswered by national governments. Another 400,000 are unable to join ships, according to the International Chamber of Shipping. The COVID-19 pandemic restriction
Norwegian oil and gas giant Equinor and partners Petoro, Vår Energi, and ConocoPhillips have decided to develop the Breidablikk field in the North Sea.
Trafigura, one of the world’s largest ship charterers, has proposed that the International Maritime Organization (IMO) introduces a carbon levy to help boost competitiveness and uptake of alternative fuels. The company is proposing a levy between $250 and $300 per metric tonne of CO2 equivalent on s
Japanese shipping major NYK Line and Japan Marine United Corporation (JMU) are introducing a new shipbuilding contract that guarantees propulsion performance in actual sea conditions. Shipbuilding contracts typically guarantee ship speed by confirming the relationship between ship speed and horsepow
France-based Ponant has become the first international cruise line to join the Green Marine environmental certification program for the marine industry.
Sargeant Marine, an asphalt shipping company based in Boca Raton, Florida, pleaded guilty to bribery schemes in three South American countries and agreed to pay a criminal fine of $16.6 million to resolve the charges. The US Department of Justice said that between 2010 and 2018, the company paid mil
Offshore drilling contractor Seadrill and oilfield services provider Sapura Energy are being investigated by the police in relation to the Brazilian Car Wash corruption probe.
Classification society DNV GL has approved CTI-Maritec as a test facility capable of undertaking ballast water system commissioning tests in line with new ballast water rules set to enter-into-force in October 2021. The Approval of Service Supplier (AoSS) certification, the first of three classifica
With the EU advancing on its plans to include international shipping in its Emissions Trading System (ETS), the pressure is on for the international maritime industry to introduce a market-wide measure to pay for its share of emissions. Under the plan, the EU wants to include the maritime sector int
