The glut in low sulfur fuels has been a double-edged sword for the shipping industry. It muted the impact of availability and compatibility concerns at the cost of lower prices, which have mirrored the wider crude market since May. Demand for very low sulfur fuel oil is set to recover slowly in line with increasing …
Bunker market looks to fragile demand, price recovery Read More »
Following a year of ups and downs in 2019, dry bulk operators were fully geared to meet the challenges of IMO 2020 fuel regulation, a global anti-pollution initiative that would greatly lower sulfur emissions from high-sulfur fuel. Operators chose one of two options – either burn low-sulphur fuel, which would lead to high operating costs, …
Incisive Law LLC, the Singapore member of The Ince Group, has today announced two new hires bolstering its regional admiral capabilities. Extra Master Mariner Binoy Dubey joins the firm as Admiralty Manager. Binoy has extensive seagoing and onshore maritime and legal claims handling experience and is a recognised expert in ice navigation. Binoy has broad …
Incisive Law unveils new leadership appointments across practices in Singapore Read More »
Scorpio Bulkers Inc. reported its results for the three months ended September 30, 2020. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on the Company’s common shares. Share and per share results included herein have been retroactively adjusted to reflect the one-for-ten reverse stock …
Scorpio Bulkers Inc. Reports Net 9-Month Loss of $206.4 Million Read More »
This article was updated to include a statement by Petronas, confirming two fatalities. Two crew members from an offshore support vessel died after the vessel collided with an oil platform offshore Sarawak, Malaysia. The Dayang Topaz vessel; Source: Malaysian Maritime Enforcement Agency Malaysian Maritime Enforcement Agency (MMEA) head, Mohamad Zubil Mat Som, said in a …
LLOG Exploration Company (LLOG) has revealed a new discovery in the U.S. Gulf of Mexico and a development plan for the offshore field. LLOG plans to tie back its Spruance discovery to the EnVen-operated Lobster platform. Copyright: EnVen LLOG on Monday announced continued successful drilling results at its Spruance discovery and finalization of development plans …
LLOG hatches development plan for new Gulf of Mexico oil discovery Read More »
Oil and gas company Neptune Energy expects its full-year production to be impacted by the closure of the Equinor-operated Hammerfest LNG plant following a recent fire incident while its losses of revenues will be recovered through insurance claims. The Hammerfest LNG plant processes gas produced from the Snøhvit, Albatross, and Askeladd offshore fields. Neptune has …
Year-long outage of Hammerfest LNG plant to affect Neptune output Read More »
An analysis by Norwegian energy intelligence firm Rystad Energy has revealed that one quarter of the global floater rig fleet could be scrapped as the Covid-19 pandemic accelerates restructuring in the offshore drilling market. The new downturn that the Covid-19 pandemic has brought upon the oil and gas industry has put many sectors in financial …
Aberdeen-based cable installation, repair and trenching player Global Offshore has installed a 2,000-tonne capacity power cable carousel at Port of Blyth’s Battleship Wharf terminal. The cable carousel, provided by Swan Hunter, should offer the company with increased operational flexibility, local cable storage, reduced mobilisation times and improved cost efficiencies. The port, where Global Offshore frequently …
Global Offshore sets up cable carousel at Port of Blyth Read More »
El nuevo dispositivo transporta cargas de forma totalmente automatizada gracias a su sistema de navegación inteligente DB Schenker, la compañía líder en gestión y logística de la cadena de suministro, ha anunciado la implementación de un nuevo robot móvil autónomo (AMR) en la terminal de Logística de Contratos que desarrolla en Pardubice (República Checa), ubicado …
El robot autónomo llega a la terminal logística de DB Schenker en República Checa Read More »
