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North Sea oil & gas project named after Odin’s mother from Norse mythology gets the go-ahead

OKEA has received the Norwegian government’s blessing to move forward with its plan for the development and operation (PDO) of an oil and gas field in the North Sea off the coast of Norway, which will be tied back to an existing platform. The post North Sea oil & gas project named after Odin’s mother from …

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The importance of an FFA market in today’s volatile shipping freight market

In today’s volatile shipping market, particularly amid unpredictable global conditions and geopolitical events, Forward Freight Agreements (FFAs) play a crucial role in stabilising and managing risk. FFAs allow shipping industry participants to hedge against freight rate fluctuations, providing financial security and predictability in an increasingly uncertain environment. Freight derivatives have become a go-to solution for …

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Ballast water record-keeping and reporting requirements – Upcoming changes

The new guidance on ballast water (BW) record-keeping and reporting, adopted in Circular BWM.2/Circ.80, aims to assist ship crews by clarifying the record-keeping and reporting process under the BWM Convention. The circular includes guidance on completing the BWRB, including: Updated example ballast water reporting form (Appendix II) Example form for voluntary tank-by-tank logging of BW …

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