Sometimes it is not only easier to walk away, but actually better The deepwater drilling industry is in crisis, as you know. In 2020, four major owners of deepwater rigs went into Chapter Eleven bankruptcy protection: pureplay drillship owner Pacific Drilling (for the second time), Noble Corporation, Diamond Offshore ..
Tug companies in the Far East might be expected to recoil in horror at a recent report published by the US National Bureau of Economic Research. Written by academics at the University of Virginia, the study concludes that a military conflict in the South China Sea would force most shipping heading for Asia and the US west ..
Boskalis buys Rever Boskalis announced here it has purchased beleaguered North Sea diving outfit Rever Offshore from Rever’s private equity owners Fara Holdco on January 5. Boskalis is playing a great hand in the industry downturn, scooping up high value distressed assets from distressed owners, or their lenders, using ..
Even after Asia’s economies climb out of the Covid-19 recession, China’s strategy of frenetically building dams and reservoirs on transnational rivers will confront them with a more permanent barrier to long-term economic prosperity: water scarcity. China’s recently unveiled plan to construct a mega-dam on the Yarlung ..
There was an amazing satellite image taken of what was supposed to be the largest and deepest depression that had ever been recorded in the North Pacific. And it was exceedingly extensive, blanketing the whole of the Aleutian chain of islands and revolving around a huge low several hundred miles south. You had to feel for ..
The news that the bulk carrier Wakashio grounded off Mauritius and broke in two in August last year because the crew were navigating dangerously close to the shore in order to – wait for it – be able to pick up a mobile phone signal, is probably the biggest argument in favour of autonomous ships. One of the ..
Hydrofoils have always seemed to have so much potential to enhance vessel performance but, except in very limited and specialised areas, they have never made a big ..
The next ship slated to join Brittany Ferries’ fleet was recently launched into the water for the first time. Built by China Merchants Jinling Shipyard Weihai, the ..
Jianglong Shipbuilding has completed the initial series of sea trials of a new tour boat ordered by Chinese tour operator Zhuhai Jiuzhou Blue Trunk Line Investment ..
Turkey’s Tersan Shipyard has launched a new double-ended Ro-Pax ferry being built for Norwegian operator Fjord1. Once completed, the DNV GL-classed vessel will have ..
The next ship slated to join Brittany Ferries’ fleet was recently launched into the water for the first time. Built by China Merchants Jinling Shipyard Weihai, the ..
Jianglong Shipbuilding has completed the initial series of sea trials of a new tour boat ordered by Chinese tour operator Zhuhai Jiuzhou Blue Trunk Line Investment ..
Turkey’s Tersan Shipyard has launched a new double-ended Ro-Pax ferry being built for Norwegian operator Fjord1. Once completed, the DNV GL-classed vessel will have ..
The Royal Navy’s only ice patrol ship is back at sea after a £14 million (US$19 million), ten-month revamp to enhance its ability to work in Antarctica. HMS ..
The Royal Malaysian Navy recently took delivery of its second Keris-class littoral mission ship (LMS). Built by China Shipbuilding and Offshore International, the future ..
The International Maritime Bureau (IMB)’s annual piracy report recorded an increase of piracy and armed robbery incidents in 2020. In 2020, the IMB’s Piracy ..
Q-LNG Transport has confirmed that the first offshore LNG bunkering and articulated tug and barge (ATB) unit to sail under the US flag is now ready for operations. Built ..
The Port of Ningbo-Zhoushan in China’s Zhejiang province took delivery of two newbuild 2,942kW ASD tugs in a series from local builder Jiangsu Zhenjiang Shipyard on ..
Svitzer Europe has awarded a contract to Damen Shipyards Group for the delivery of an ASD tug to support operations in the Port of London. Svitzer Thames will arrive in ..
For the past 18 months, Reach Subsea has been developing new and future-proof, sustainable solutions for subsea services. The project, named Reach Remote, is carried out ..
Charters for offshore vessels are already on the rise this early in 2021, indicating the much anticipated growth of a resilient sector that is steadily overcoming the ..
Damen Shipyards Hardinxveld in the Netherlands has completed construction of a new diving bell ship ordered by the German Federal Waterways and Shipping Administration ..
For the past 18 months, Reach Subsea has been developing new and future-proof, sustainable solutions for subsea services. The project, named Reach Remote, is carried out ..
TGS has begun work on the Espirito Santo multi-client 3D seismic survey offshore Brazil. The survey will cover an area of approximately 2,694 square kilometres. Fast ..
DP World and the government of Senegal have entered into agreements for the development of a deep water port at Ndayane, approximately 50 kilometres from the existing ..
The Royal Navy’s only ice patrol ship is back at sea after a £14 million (US$19 million), ten-month revamp to enhance its ability to work in Antarctica. HMS ..
Public Services and Procurement Canada, on behalf of the country’s Department of National Defence, has awarded a CA$16.5 million (US$13 million) contract to Zodiac ..
The US Coast Guard has suspended the active search for the 10 crewmembers of the Taiwanese-flagged fishing vessel Yong-Yu-Sing No 18 who went missing approximately 885 ..
Pilbara Ports Authority (PPA) has confirmed that two newbuild bulk carriers will be used to transport Pilbara iron ore to South Korea on a new service that will see a ..
A cargo vessel came to the aid of four men who had gone adrift in the waters off Sardinia after their boat suffered engine failure and water ingress on Saturday, January ..
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