Uncrewed surface vessel’s mobilization set for Q4 as sea trials continue off France

Singapore-based OMS Group, a neutral and integrated digital infrastructure service provider, has provided insight into the ongoing sea acceptance tests (SAT) for its long-range uncrewed surface vessel (USV), currently being conducted off the South of France. Upon mobilization, the unit will support autonomous survey operations. The post Uncrewed surface vessel’s mobilization set for Q4 as …

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BP entrusts subsea decom and recycling job at UK field to DeepOcean

Norwegian ocean services provider DeepOcean has been hired by the UK-headquartered energy giant BP to lend a hand in the decommissioning and recycling of subsea equipment from a site where a floating production, storage, and offloading (FPSO) worked at the operator’s field located West of Shetland, on the UK Continental Shelf (UKCS). The post BP …

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G7 tankers support high Russian crude exports amid US sanctions exemption

G7-linked crude tankers have maintained a high market share in Russia in recent weeks, emboldened by Washington’s continued sanctions exemption to avert a supply crisis during the war in the Middle East. Tankers flagged, owned or operated by companies based in G7 countries and their allies, or insured by Western protection and indemnity clubs, lifted …

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China Increasing Coal Imports as Power Needs Surge

As geopolitical instability disrupts key global shipping routes, Stamatis Tsantanis, Chairman & CEO of global shipping companies Seanergy Maritime (NASDAQ: SHIP) and United Maritime (NASDAQ: USEA), warns that although the U.S. has helped offset some global oil supply constraints, it won’t be enough, with consumers ultimately continuing to bear higher costs. He also notes that …

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Sustainable Shipping Initiative: IMO offers key to unlocking governance impasse between the Hong Kong and Basel Conventions

The governance impasse between the Hong Kong and Basel Conventions, which has deferred responsible investment in leading ship recycling facilities since 2011, can no longer be justified on evidentiary grounds, the Sustainable Shipping Initiative (SSI) said today. The SSI is urging negotiators ahead of the Basel Convention’s Open-Ended Working Group (OEWG-15), meeting in Geneva, 23-26 …

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