Cash buyer GMS cites the dangerous situations unfolding across the Middle East, Ukraine and South China Sea, when saying that politics, war, and ensuing global financial instability, means that ship recycling markets continue to endure profound…
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Esgian Week 37 Report: New Contracts for Floating Rigs
Esgian provides an update on new contract awards for floating rigs in its Week 37 Rig Analytics Market Roundup.Report SummaryContractsTransocean Ltd. has secured a 365-day contract for the 12,000-ft drillship Deepwater Atlas with bp in the US…
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Philippines Vows Continued Presence at Sabina Shoal
The Philippines said it was sending a vessel to Sabina Shoal to replace a coast guard ship that returned to port on Sunday after a five-month deployment at the contested feature in the South China Sea, in a swap that would likely irk China.Beijing…
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Eight Dead After Channel Crossing Attempt
Eight people have died trying to cross the Channel from France to England, French authorities said on Sunday, confirming earlier media reports.This latest incident follows the deaths of 12 people earlier this month when their boat capsized in the Chann...
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Shanghai Braces for Typhoon Bebinca
Shanghai halted transportation links, recalled ships and shut tourism spots including Shanghai Disney Resort on Sunday as it braced for Typhoon Bebinca, in what could be the strongest tropical cyclone to hit the Chinese financial hub since 1949.The Cat...
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Salvors Begin Towing Stricken Tanker Sounion in Race to Avert Catastrophic Oil Spill
The operation has started to tow a Greek-registered oil tanker stranded in the Red Sea after an attack by Houthi militants last month, a shipping source told Reuters on Saturday.Towing the 900-foot (274.2-metre) MV Sounion to safety is the first…
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US Navy Awards $6.75 Billion Contract for Eight New John Lewis Class Oilers
The U.S. Navy on Friday announced it has placed a $6.75 billion order with San Diego shipbuilder General Dynamics NASSCO for up to eight John Lewis Class (TAO-205) Fleet Replenishment Oilers. The ships are scheduled for delivery through January 2035.Th...
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Video: Crewmember Medevaced from Oil Tanker Off Texas
Am ailing mariner was medevaced from an oil tanker 9 miles off Freeport, Texas, Tuesday, the U.S. Coast Guard said.The agency said its watchstanders at Coast Guard Sector Houston-Galveston received a medevac request at 3:50 p.m. from a crew…
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US Offshore Oil Production Reawakens in Wake of Hurricane Francine
U.S. Gulf of Mexico energy firms on Friday were lumbering back from hurricane disruptions as offshore oil and gas producers ramped up operations after halving the key energy region's output, ports reopened, and onshore terminals accepted oil…
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Ocean Group Switching to HVO Fuel for Port Towing Operations
Ocean Group announced it is adopting HVO (Hydrotreated Vegetable Oil) renewable diesel fuel for all of its port towing operations.Made from renewable sources, including vegetable oils, residues of plant or animal origin, and used oils such as those der...
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