China will not use its strength to "bully" its smaller neighbors including the Philippines, its foreign minister said on Monday, as he highlighted the importance of settling disputes in the South China Sea peacefully."Stressing only one side's…
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Bermuda Pilots Order New Launch from Gladding-Hearn
Somerset, Mass shipbuilder Gladding-Hearn Shipbuilding, Duclos Corporation, said it will build a a new Chesapeake Class pilot boat for the Bermudan Government's Department of Marine and Port Services.The shipyard, which built a 61’ pilot/rescue vessel ...
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Macheras Named WFW Global Maritime Sector Co-Head
Law firm Watson Farley & Williams (WFW) announce it has named partner George Macheras as its new global maritime sector co-head, replacing Lindsey Keeble as she takes up the role of WFW managing partner as of February 1. Paleokrassas, who takes on the ...
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Global Seaborne Coal Trade Up Neary 6% in 2021
Global seaborne coal trade rose by 5.7% last year, driven by rising demand from steelmakers for coking coal and its products as economies began to recover from the coronavirus crisis, Germany's VDKi coal importers lobby group said.Imports and…
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Baker Hughes finds U.S. Drillers add most O&G Rigs Since April
U.S. energy firms this week added the most oil and natural gas rigs in a week since April as rising oil prices prompt more drillers to return to the wellpad.The oil and gas rig count, an early indicator of future output, rose 13 to 601 in the week to Jan.
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Equinor, BP Hit Key Milestone for New York Offshore Wind Projects
Equinor and BP on Friday announced the finalization of the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA), for Empire Wind 2 and Beacon Wind 1 offshore wind projects.Empire Wind…
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VesselsValue Buys Norwegian Shipping Research firm ViaMar
Online valuation and data provider, VesselsValue, said Friday it had acquired the Norwegian shipping research and advisory company, ViaMar.ViaMar, based in Oslo, is becoming part of VesselsValue which has over 200 employees across eight offices worldwi...
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Senator Cruz’s Nord Stream 2 Sanctions Bill Fails in U.S. Senate
The U.S. Senate on Thursday failed to pass a bill to slap sanctions on Russia's Nord Stream 2 natural gas pipeline sponsored by Republican Senator Ted Cruz, a day after Democrats unveiled their own legislation.The tally was 55 in favor and 44 against t...
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Baltic Index Extends Losses as Vessel Demand Wanes
The Baltic Exchange's dry bulk sea freight index fell for a sixth straight session on Friday, weighed down by weaker rates across vessel segments.The overall index, which factors in rates for capesize, panamax, and supramax vessels, fell 109 points…
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BOEM Preparing Draft EA for Future Offshore Wind Operations in Gulf of Mexico
The U.S. Bureau of Ocean Energy Management (BOEM) has this week said it is preparing a draft environmental assessment (EA) to consider the impacts of potential offshore wind leasing in federal waters of the Gulf of Mexico.The area that will…
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