UK Government announce its decision on international aviation and shipping emissions.Government will defer a decision on whether to include international aviation and shipping emissions in carbon budgets until the setting of the fifth carbon budget in 2016…
Market analysis suggests winter demand could cause LNG freight rates to rise but downward pressure might later be forthcoming.Rising LNG prices, almost stagnant liquefaction capacity amid expanding regasification capacity and development…
Diana Shipping Inc. signs MOU to buy a new-building bulk ship from a third party; subsidiaries negotiate term loan facilities.The new-building Kamsarmax dry bulk carrier, to be named Myrto of 82,131 dwt, was built by Tsuneishi Shipbuilding Co…
Rowan Companies plc gives an update on notable events. EXL I: Changed day rate to mid $220s (previously mid $210s) due to amortization adjustment. J.P. Bussell: Rig is expected to be off rate for five days in 1Q 2013. Scooter…
COSCO Singapore subsidiary COSCO Zhoushan contracted with further opetion to build four Rolls Royce design Platform Supply Vessels (PSV's).The value of the contract with a Hong Kong shipowner, is about US$119.2 million in total, and deliveries are expected to begin in the first half of 2014…
The sheer magnitude of insurance claims year on year within the shipping industry is striking. The complexities that now come with these claims is placing increasing pressure on surveyors to employ ever more sophisticated techniques in their…
The Coast Guard is continuing to oversee the response to a motor tanker that suffered a hull breach to their ballast tank on the Hudson River near Stuyvesant, N.Y. Thursday.Coast Guard Sector New York was notified Thursday that the 600-foot motor tanker…
Stork Technical Services, a global provider of knowledge-based asset integrity services for the oil and gas, chemical and power sectors, has welcomed the first intake of eight graduates for the company’s recently launched UK Graduate Training Program…
The U.S. Coast Guard Cutter Eagle departs Naval Submarine Base New London & returns to her home mooring at Fort Trumbull in New London.At 295 feet in length, the Eagle, known as “America’s Tall Ship,” is the largest tall ship flying the stars and stripes and the only active square-rigger in U…
The International Chamber of Shipping (ICS), representing + 80% of the world merchant fleet, issues a new position paper on Arctic shipping.As the Arctic becomes more accessible, ICS has set out some key principles with regard to the future governance of Arctic waters…
Aker Solutions to supply a complete drilling equipment package for a deepwater drillship Jurong Shipyard is building for the Brazilian market.On 25 August 2012 Aker Solutions announced a contract to supply six drilling equipment packages to Jurong Shipyard…
Carnival Corporation & plc reports fourth quarter and full year earnings 2012.Carnival Corporation & plc Chairman and CEO Micky Arison noted that fourth quarter earnings on a non-GAAP basis were better than anticipated in the company's September guidance…
MAN Diesel & Turbo receives another order for the MAN B&W ME-GI dual-fuel, two-stroke, gas-injection engine.Teekay LNG Partners L.P. (Teekay LNG), an offshoot of Teekay Corporation, the international shipping group, has placed an order for two LNG carriers powered by 2 × 2 5G70ME-GI engines…
An Atwood Oceanics, Inc. subsidiary awarded year's contract extension by Salamander Energy for the jackup 'Atwood Mako'.The extension is priced at a day rate of $155,000 and begins September 9, 2013. The Atwood Mako commenced its initial…
Ulstein contracts with Island Offshore & their American partner Edison Chouest Offshore for delivery of a multifunctional OSV.The offshore vessel is based on ULSTEIN’s SX121 design, prepared and tailored for the well intervention, IMR and SURF segments…