The number of oil tankers waiting in the Black Sea to pass through Istanbul’s Bosphorus Strait on the way to the Mediterranean rose to 20 on Friday, Tribeca shipping agency said, as Turkey held talks to resolve an insurance dispute behind the build-up. Dismissing pressure from abroad over the lengthening queue, Turkey’s maritime authority said …
Twenty oil tankers halted near Istanbul in insurance dispute Read More »
The Group of Seven countries’ price cap on Russian oil is not responsible for a queue of tankers waiting in the Black Sea to pass through Istanbul’s Bosphorus Strait on the way to the Mediterranean, the European Commission said. The queuing in the Black Sea increased on Friday to 20, according to the Tribeca shipping …
G7 oil price cap not to blame for Turkey tanker queues, EU says Read More »
Taylor Maritime Investments Limited, the specialist dry bulk shipping investment company, announces its interim results for the six month period ended 30 September 2022. Key Highlights (1 April 2022 to 30 September 2022) The Company’s Total Net Asset Value (“NAV”) return per Ordinary Share was +1.41% for the six month period ended 30 September 2022 …
Taylor Maritime Reports Healthy Earnings During 9-Month Period Read More »
Mitsui O.S.K. Lines, Ltd. Friday announced that it will restructure the organization as follows: Restructuring of the Group’s organization MOL Group will be restructured into a cross-functional organization, with appropriate checks and balances put in place, along three axes who will mutually collaborate and cooperate within the organization as a whole. The three axes will …
MacGregor, part of Cargotec, has been selected to supply heavy-duty cranes for a total of ten floating crane barges to be built by PT Karya Teknik Utama at their shipyard in Indonesia. The orders were booked into Cargotec’s 2022 Q3 and Q4 order intake. The barges are scheduled to be delivered from the second quarter …
A federal court ruled in favor of the Center for Biological Diversity and Friends of the Earth Wednesday in their lawsuit challenging the failure of the National Marine Fisheries Service and the U.S. Coast Guard to protect endangered whales from being struck by ships using California ports. The groups sued the agencies in 2021 for …
Court Orders U.S. to Examine California Shipping Lanes’ Role in Endangered Whale Deaths Read More »
Will the increase in investments enable hydrogen to dethrone gas as the key player in the energy decarbonisation game? Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a PREMIUM Subscriber Do not want to miss out on any information about Offshore Energy? Subscribe …
In focus: Gas still runs the show but bets on hydrogen threaten to steal it Read More »
The Spanish government has decided that the future subsea pipeline between Barcelona and Marseille, which was initially supposed to carry gas in its first phase, will only be carrying green hydrogen. The pipeline, now dubbed H2Med, was proposed in October as a substitute for the so-called MidCat pipeline project pitched by Spain and Portugal but …
Icon of the Seas; Image by Meyer Turku Icon of the Seas, which is being built at the Meyer Turku shipyard, was launched on Friday, December 9, 2022. Over the weekend, the ship will be moved to the outfitting dock, where its now fully assembled hull will receive final outfitting. Icon of the Seas is …
Meyer Turku floats out Royal Caribbean’s 1st LNG-powered cruiseship Read More »
U.S. energy giant ExxonMobil has hammered out its five-year corporate plan, ramping up its spending to $17 billion on greenhouse gas emission-reduction projects over the next five years while maintaining disciplined capital investments in its portfolio. The oil major is also hoping to double its earnings and cash flow potential in this period. ExxonMobil revealed on …
ExxonMobil earmarks $17 bln to step up lower-emission efforts over next five years Read More »
