Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the Black Sea through Turkish straits continued to rise on Friday.Ankara has declined…
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Shell’s 34,000t North Sea-bound Penguins FPSO Leaves Chinese Shipyard
Shell's Penguins FPSO has set sail from China loaded aboard Boskalis' White Marlin semi-submersible heavy transportation vessel.In a social media post on Thursday, Boskalis said: "Boskalis’ semi-submersible transport vessel White Marlin departed from Q...
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ICEYE to Deliver SAR Imagery to EMSA
ICEYE announced the start of a multi-year framework contract with the European Maritime Safety Agency (EMSA) to support their efforts in managing various aspects of maritime operations with Synthetic Aperture Radar (SAR) data.Among its many missions…
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In a First, Scottish Port Set to Offer Shore Power for Offshore Vessels
Montrose Port Authority says the port is set to become the first Scottish port to provide shore power infrastructure to the energy sector.To enable shore power to offshore energy industry vessels, the port has partnered with with Plug Shore Power Ltd i...
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Westwood: Record Levels of FPS Throughput Capacity to be Sanctioned in 2022
As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd…
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Ocean Freight Spot Rates Out of Far East Plummet – Xeneta
The ocean freight rate landscape in the Far East has been completely redrawn since the start of the year, with spot rates plummeting by an average of 75% across the six major trading lanes, Xeneta said in its latest report.By comparison, long-term rate...
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Oil Price Cap Not to Blame for Turkey Tanker Queues, EU says
The Group of Seven countries' price cap on Russian oil is not responsible for a queue of tankers waiting in the Black Sea to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean, the European Commission said. The number of…
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Major ‘Firsts’ for U.S. Offshore Wind Space
December was a month of major “firsts” in the U.S. offshore wind space. The first federal auction for offshore wind was held for the West Coast, and the first federal leases for commercial floating wind projects were provisionally awarded. These…
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Turkey Says to Continue Blocking Oil Tankers Without Proper Insurance
Turkey's maritime authority said on Thursday it would continue to block the passage of oil tankers without appropriate insurance letters, adding that the insurance checks on ships in its waters was a "routine procedure."A Turkish measure in…
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Baltic Dry Index Up as Capesizes Hit Six-week High
The Baltic Exchange's dry bulk sea freight index rose for a third straight session on Thursday, helped by stronger demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bu...
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