Oilfield services provider Petrofac has been selected by Dana Petroleum to provide well management services for all its UK North Sea-operated assets. The contract, valued at about $60 million, includes both the Triton FPSO and the Western Isles FPSO vessels in the North Sea, Petrofac announced on Monday. The contract is for two years contract …
Petrofac secures well management job in North Sea Read More »
The UK-based Net Zero Technology Centre has revealed the 20 winners of its 2022 Open Innovation Programme. The center was created as part of the Aberdeen City Region Deal, with £180 million of UK and Scottish government funding to maximise the potential of the North Sea. Since its inception in 2017, the center has been …
Net-zero technology developers scoop £8 million to cut offshore emissions in UK Read More »
The impact of environmental regulations on an older fleet could see available tonnage slipping into deficit, the UK-based research and consultancy firm Maritime Strategies International (MSI) has warned. Illustration. Courtesy of Navingo Dedicated newbuild contracting by regional Mediterranean owners will have to increase in the coming years to replace ageing vessels removed from the fleet …
MSI: New environmental regulations could cause Mediterranean feeder ship shortage Read More »
La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …
La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …
Shipping and commodities firms will commission more ships partly powered by liquefied natural gas (LNG) next year while ramping up trials for biofuel bunkering as they seek to cut emissions from ship operations, senior executives said this week. The shipping industry is seeking to reduce its reliance on oil as it tries to meet carbon …
Shippers focus on LNG, biofuels, methanol to meet emissions targets Read More »
Capesize The Capesize market inched higher this week as increased activity continues to lift expectations with the 5TC closing at $19,874, up 3,660 over the week. The Atlantic remains the more optimistic region. However, closing the week it looks like the Fronthaul routes may have become a little overheated as the C9 route lost $3001 …
Dry Bulk Market: Capesizes Edge Higher This Week Read More »
The carrier industry is now entering a period of managed decline; capacity management will be key to deciding how much of the super-cycle gains the carriers hold on to, says Drewry in its latest Container Forecaster report. Carriers didn’t really have to do too much to fall into the profit bonanza of the past two …
Clean In the Middle East Gulf this week most LR runs have seen more declines from inactivity. TC1 lost 15.62 points to WS169.38. Similarly, on the LR1s, TC5 ended up at WS171.43 (-19.28) with a trip west and TC8 declined from around $3.4m to $3.25m. There are reports of multiple TC5 fixtures at WS170 on …
Rates for shipping containers from east Asia and China to the US continued to fall this week and are nearing the levels seen at the start of the pandemic, pushed lower by falling demand, China’s ongoing zero-COVID policies and Chinese factory closures for the Golden Week holiday. According to the Baltic Index from online freight …
Asia-US container rates continue to fall, nearing pre-pandemic levels as imports slow Read More »
