Indonesia will allow a boat packed with Rohingya which had become stranded off its coast to dock in the Southeast Asian country, its security ministry said on Wednesday, after calls from aid organizations to allow the vessel to seek refuge.Local offici...
Read more
Oil Firms Predict Rising Output, But Warn of Higher Costs
U.S. oil and gas executives are predicting higher production and drilling activity next year as oil prices climb, but say they face sharply higher costs, according to a poll released on Wednesday by the Federal Reserve Bank of Dallas.Some 49%…
Read more
UK Royal Navy Testing Crewless Minehunter
The U.K. Royal Navy said it is testing a new crewless minehunter as part of its drive toward autonomous systems.Developed through a joint Anglo-French Maritime Mine Counter Measures program, the system is designed to detect the latest mine threats…
Read more
Oil Prices Hold Near $80 on Tight Supply and Stocks Drop
Oil prices held close to $80 a barrel on Wednesday as global supply outages and declining U.S. inventories offset worries that rising coronavirus cases might reduce demand.Brent crude rose to as much as $79.20 a barrel before retreating to trade 24 cen...
Read more
World’s First All-electric Tanker Launched
An all-electric, battery-powered tanker—said to be the world's first—has been launched at the Koa Sangyo Co., Ltd. shipyard in Japan.The new vessel, named Asahi, was built for Japanese shipping company Asahi Tanker Co., Ltd. and is scheduled…
Read more
Royal IHC Sheds Diving, Hyperbaric Division
Royal IHC announced that on the December 24, 2021, it sold IHC Hytech B.V. (Hytech) to private investors who have established Pommec Hytech Holding B.V. Buyers plan to merge the operations of Hytech with those of Pommec B.V. (Pommec).Hytech…
Read more
Wakashio Captain and First Officer Sentenced
Two officers from a bulk carrier that ran aground and broke apart atop a coral reef off Mauritius have been sentenced for endangering safe navigation.Sunil Kumar Nandeshwar, captain of the Japanese-owned Wakashio, and the ship's first officer…
Read more
USCG Announces New Fire Safety Rules for Passenger Vessels
The U.S. Coast Guard announced in the Federal Register that it is issuing an interim rule as the first step to implementing the statutorily mandated requirements for fire safety on certain covered small passenger vessels. This statutory mandate…
Read more
Havila Lines Up PSV Charters
Norwegian offshore vessel owner Havila Shipping this week announced it has been awarded two separate platform supply vessel (PSV) charter contracts.On Monday, the company said it entered into a contract with Harbour Energy for the 2010-built, 85-meter ...
Read more
The Push for “Green” Ships will Keep Ocean Freight Costs High
Ocean freight costs are likely to remain high in 2022 as investors and regulators scramble to accelerate decarbonization of the shipping industry and companies grapple with green financing, sources say.Shipping, which transports about 90% of…
Read more