The U.S. Coast Guard is giving additional time for vessels impacted by the COVID-19 pandemic to comply with regulations requiring ballast water treatment systems (BWTS) to be installed on board.Recognizing the impact of public health policies…
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Shipbuilding: Good Data Quality Pays Off
Improved data quality offers enormous financial benefits and can even increase work satisfaction, says Dutch shipbuilding software firm Shipbuilder.“Nevertheless, we see that many maritime companies do not work on data quality and that costs a lot of m...
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An NYK First: Internally Trained Seafarer Promoted to Captain
In its storied 135-year history of NYK, Akihiro Mori now holds a distinguished place in the company, as effective April 1, 2020, Mori becomes the first internally trained seafarer promoted to captain.The story is an important one for the maritime indus...
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COVID-19: DEME Charters Flotel to Pre-Quarantine Offshore Workers
Belgium-based offshore installation and construction company DEME has chartered a hotel ship where it will pre-quarantine its offshore crews ahead of deployment to offshore projects."To ensure safe crew changes on board dredgers and offshore vessels du...
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The Numbers Tell the Story of Oil Industry Crisis
Global oil producers and refiners are struggling with a series of unprecedented dislocations as the simultaneous epidemic and volume war between Saudi Arabia and Russia rip through every element of the supply chain.Some idea of the extraordinary…
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Orsted Hopes COVID-19 Will Not Slow Japan’s Offshore Wind Projects
Orsted, the world's largest offshore wind farm developer, is concerned the coronavirus may delay auctions for offshore projects as it prepares to enter the market, the head of its Asia-Pacific unit said. "The pandemic will not influence investment deci...
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BW Offshore’s FPSO Stuck in New Zealand
FPSO-leasing company BW Offshore has been unable to remove the Umuroa FPSO from the Tui field in New Zealand following the contract termination, client liquidation, and the country's court and environment regulator intervention.The company was…
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Petrobras Idles Six Platforms in Campos Basin Due to Coronavirus
Brazil's state-run oil company Petroleo Brasileiro SA said in a letter to the workers union on Thursday that it will idle six oil and gas platforms in five fields of the Campos basin due to the coronavirus epidemic.The company said the idling was aimed...
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Eastern Gets Green Light to Build Second Offshore Patrol Cutter
Eastern Shipbuilding said the U.S. Coast Guard executed a modification to the contract to build the second Offshore Patrol Cutter (OPC) and Long Lead Time Materials for the third OPC. These accomplishments result from successful completion of…
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OPEC+ Outlines Record Oil Production Cut; Mexico Balks
OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.But the grou...
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