DNV GL said it has awarded class to BP’s Glen Lyon Floating Production Storage and Offloading (FPSO) vessel located west of Shetland. Glen Lyon is a purpose-built FPSO expected to produce 130,000 barrels of oil a day at peak production. The…
Read more
Spectacular Northern Light display illuminates Finnish sky
(Reuters) - Green, purple, pink and yellow lights danced across the sky in striking aurora displays over northern Finland early on Friday.
Read more
More Cargo, Slower Steaming Support VLCC Rates
VLCC rates from MidEast to Asia gain around $3,000; higher chartering volumes for peak winter season could lift rates. Freight rates for very large crude carriers (VLCCs) on Asian routes may have found a floor this week as a combination of increased…
Read more
Russia to build 15 Tankers at South Korean Shipyards
Fifteen tankers will be built at South Korean shipyards to transport the products of the Yamal LNG plant, TASS cites Russian President Vladimir Putin as saying. “We have noted with satisfaction the successful cooperation in the energy sector…
Read more
HMM Completes First Blockchain Pilot Voyage
Hyundai Merchant Marine (HMM) announced that it has successfully completed its first blockchain technology adopted pilot voyage. HMM, with other members of shipping and logistics blockchain consortium, have conducted its first pilot voyage from…
Read more
How Do Ships Avoid Hurricanes?
Dozens of ships in the Caribbean have already been diverted to avoid Hurricane Irma, but how exactly does shipping cope with extreme weather - a post by UK Chamber of Shipping. Hurricane Irma, much like its predecessor Hurricane Harvey, has sent shipping into disarray…
Read more
NY/NJ Welcomes CMA CGM Theodore Roosevelt
The 14,400 TEU capacity CMA CGM Theodore Roosevelt became the largest container ship to call the port of New York and New Jersey when it arrived at the APM Terminals Elizabeth container terminal. The ultra-large container ship also established…
Read more
Drinks industry distorts alcohol cancer risk: scientists
LONDON, Sept 7 (Reuters) - The alcohol industry uses denial, distortion and distraction to mislead people about the risks of developing cancer from drinking, often employing similar tactics to those of the tobacco industry, a study said on Thursday.
Read more
Wood Group Wins Ichthys Subsea Deal
Wood Group has secured a new, five-year contract with INPEX Operations Australia Pty Ltd (INPEX Australia) to provide subsea engineering services for the integrity of the INPEX-operated Ichthys LNG Project, offshore Western Australia. The operations…
Read more
Marine Fuels Supplier Bomin Group Launch New Brand Identity
The Bomin Group, a leading global physical supplier and trader of marine fuels, today announced the launch of a new brand identity and website as it positions itself to deliver the company’s next phase of global growth. The shipping industry is experiencing significant change…
Read more