Ten Chinese ports will resume foreign crew change operations with certain requirements in place, taking into account the current COVID-19 situation. The 10 ports include Dalian, Tianjin, Qingdao, Shanghai, Ningbo, Fuzhou, Xiamen, Guangzhou, Shenzhen, and Haikou. The move was announced by seven major
The Biscay Gulf electrical interconnection developer Inelfe has issued a tender call for advisor/broker insurance services to advise the company along the project. The scope of the services will focus on 2 phases divided into three activities. Specifically, these include probable maximum losses anal
The Ohio Power Siting Board has removed a requirement for the Icebreaker Wind project in Lake Erie to shut down its wind turbines during nighttime hours from March through November. Back in May, the Board approved the construction of the Icebreaker Wind project with 33 conditions, one of which was t
The COVID-19 pandemic and the resulting crew change crisis combined with the latest cyber-attack hitting the headlines have made it quite difficult for the International Maritime Organization (IMO) to advance its decarbonization goals this year. The efforts haven’t been completely derailed, on the c
Oil major ConocoPhillips has secured consent to start up the Tor II field facilities located in the North Sea offshore Norway.
Equinor has received consent from the country’s offshore safety regulator for exploration drilling in the North Sea using the West Hercules rig.
The strike affects one of the largest Norwegian offshore fields – the Johan Sverdrup – which is operated by Equinor.
A draft offshore wind bill in Lithuania that recently began its journey through the system to get approved is now before the Lithuanian parliament (the Seimas), which is considering its amendments to the current laws that would set up conditions for the development of offshore wind projects in the B
Jadestone Energy has filed a revision of its environment plan for operations at the Stag field, located offshore Australia, to the Australian authorities.
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.
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
The Panama Canal Authority (ACP) has reportedly won an arbitration ruling in a long-standing dispute between ACP and Grupo Unidos por el Canal (GUPC), a consortium that constructed the Expanded Panama Canal.
Tanker owner and operator Scorpio Tankers has finalized commitments from three financial institutions and has received a new commitment for a scrubber financing facility. The financing facilities are expected to increase the company’s liquidity by approximately $82 million. Specifically, Scorpio has
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
