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Monthly Archives: March 2020

BP to Store Jet Fuel at Sea as Glut Looms

BP has provisionally chartered a 60,000 tonne tanker to store jet fuel at sea starting this week, trading sources said on Wednesday, after a collapse in demand from the aviation sector due to the coronavirus pandemic led to a huge glut.Asian jet fuel r...
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Norwegian Salmon Breeder Buys New Workboat

Shortly after the delivery of a ProZero 8m Full Cabin to Havkar Drift AS in Norway, another Norwegian fishfarmer has also purchased a vessel from Tuco Marine's ProZero workboat series.The new ProZero 8m Full Cabin is equipped for, and will be used as…
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BIMCO Revises 2020 Forecast

The coronavirus pandemic is impacting global shipping demand for 2020 negatively. The speed of the virus spread makes it difficult to assess the full consequences. Nevertheless, we see a need to update our 2020 forecast to make some of this…
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Lankhorst Deepwater Mooring Lines for Liza Unity FPSO

Lankhorst Offshore reports it has been awarded a contract by SBM Offshore to supply the deepwater mooring lines for the Liza Unity Floating Production Storage and Offloading (FPSO) for ExxonMobil’s Liza oil field offshore Guyana, South America.
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Flensburger Schiffbau-Gesellschaft Suspends Operations

German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) announced Wednesday it has suspended operations, following the recommendations of the German government to prevent the further spread of COVID-19.Alex Gregg-Smith, Managing Director of Flensbu...
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Darley Named LR Marine and Offshore COO

Lloyd’s Register (LR) said it has named Mark Darley as Marine & Offshore (M&O) Chief Operating Officer.Darley, who joined LR on graduation as a marine surveyor 20 years ago, is currently M&O President for North Asia and has held leadership positions in...
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DMC to Equip Three New TSHDs

Damen Marine Components has won an order to supply three sets of steering and rudder systems for three dual-fueled trailing suction hopper dredgers (TSHDs) currently being built at Keppel Offshore & Marine’s shipyard in Singapore for Van Oord.The…
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Baltic Index Falls on Softer Panamax Demand

The Baltic Exchange's main sea freight index dipped on Tuesday, weighed down by a fall in rates for panamax vessels, which registered its seventh straight day of decline.The Baltic index, which tracks rates for capesize, panamax and supramax vessels th...
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Naval Shipyards Recruiting Robots

Inspecting fuel and ballast tanks. Sand-blasting old paint coatings and applying new ones. Removing corrosion on ships, submarines, aircraft and other vehicles.These are some of the unpleasant jobs in naval shipyards and maintenance facilities…
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