The Baltic Exchange's main dry bulk sea freight index extended its rally on Wednesday as robust demand and port congestion propelled the capesize index above 10,000 points for the first time in more than 13 years.The overall index, which factors in rat...
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Asia LNG Price Jumps by 40% to Record High
Asia liquefied natural gas (LNG) spot prices surged by 40% to a record high of over $56 per million British thermal units (mmBtu) on Wednesday, amid a global energy crunch and low gas inventories.Price agency S&P Global Platts' Japan-Korea-Marker (JKM)…
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Gazprom’s Nord Stream 2 Can Challenge EU Rules, Court Adviser Says
Gazprom's Swiss unit can challenge an EU gas rule that requires gas producers to be separate companies from those that control the pipeline, an adviser to the EU's top court said on Wednesday.Russia's Gazprom owns operator Nord Stream 2 and…
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California Lawmakers Look to Ban Offshore Drilling after Spill
Democratic members of Congress from California seized on the oil spill off the state's coast to promote federal legislation to ban all offshore oil drilling, as investigators searched for what caused the pipeline to burst.About 3,000 barrels (126…
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Pipeline from California Offshore Oil Spill was Moved 32 Meters Along Sea Floor
A section of the oil pipeline that burst off the Southern California coast was displaced 105 feet (32 meters) across the ocean floor, officials said on Tuesday, fueling speculation that a ship's anchor may have caused the environmental disaster.The rev...
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Pesquera Diamante Upgrades Its Design Software
Autoship Systems Corporation (ASC) of Vancouver, Canada has been supplying the marine industry with its Autoship Pro (hull design) and Autohydro Pro (hydrostatics and stability) software for over 40 years. These two programs combined has resulted in ma...
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MITAGS Selected by US Navy for Firefighting and Damage Control Training
The Maritime Institute of Technology and Graduate Studies (MITAGS) has been selected by the U.S. Navy to provide mission critical firefighting and damage control training to Navy and Coast Guard sailors stationed in the Seattle, Washington area.
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Robert Allan Ltd. Unveils Methanol-fueled CTV Design
Canadian naval architecture firm Robert Allan Ltd. has unveiled a methanol-fueled RAptor 2400 crew transfer vessel (CTV), bringing the offshore wind industry closer to eliminating carbon emissions from the supply chain.As a marine fuel, methanol…
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New High-speed Ferry Delivered to Fred. Olsen Express
Fred. Olsen Express has taken delivery of a new high-speed ferry, Bañaderos Express, built by Austal Philippines. Captain Juan Antonio Rojas and the crew of Bañaderos Express formally accepted the vessel from Austal Philippines president and…
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Solstad Offshore Sells Seven Vessels for Recycling
Norwegian offshore vessel operator Solstad Offshore has sold seven vessels that have been laid up for a while for recycling."The vessels to be recycled are defined by Solstad as non-strategic, they are of older age and considered to be irrelevant for p...
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