Statoil Cancels Contract for COSL Pioneer

COSL Pioneer. Photo: COSL Drilling Europe

  Norwegian oil major Statoil says it has terminated its contract with the COSL Pioneer semi-submersible drilling rig some 13 months before the expiry date. In a statement, Statoil said COSL Pioneer has been suspended since 8 October 2014 and Statoil has not managed to find alternative activity for the rig. Statoil said in September that the COSL Pioneer would be … [Read more...]

International Shipping Needs 42,500 More Officers By 2019, Drewry Says

Photo: Shutterstock/d13

  The international shipping industry will require an additional 42,500 officers by the end of 2019 to cope with the expected growth in the main cargo carrying fleet, according to the latest Manning report published by global shipping consultancy Drewry. This is equivalent to a staggering 7% growth over the five year period, but the persistent shortage of officer … [Read more...]

Virgin Unveils Cruise Ship Plans

Richard Branson  stands with Virgin Cruises' President and CEO Tom McAlpin as he arrives by helicopter for a news conference at the Perez Art Museum in Miami, Florida June 23, 2015. Branson’s London-based Virgin Group is launching a cruise line with two, custom-designed ships the company announced on Tuesday. The Virgin Group, which already has an airline and space tourism businesses, is partnering with private investment firm Bain Capital for the cruise line. REUTERS/Joe Skipper

  Virgin Cruises, the new cruise ship company by billionaire Sir Richard Branson and his London-based Virgin Group, will build three cruise ships at Fincantieri and the first vessel is scheduled to set set from PortMiami in 2020, the company revealed Tuesday. The new plans were unveiled Tuesday during a news conference at the Perez Art Museum in Miami, Florida. … [Read more...]

Hilarious Anti-Drinking While Boating PSA is a Home Run

Screen Shot 2015-06-23 at 11.37.54 AM

This video is so perfect. It was created for AV-OG-TIL, a Norwegian NGO working to reduce the harmful effects of alcohol. The aim is to raise awareness around the dangers of intoxication while operating a boat, driving a car, when pregnant or together with children. As the group states in the PSA: "Docking is an art form best practiced sober." … [Read more...]

Panama Begins Testing New Locks in Expanded Canal – SPOTD

Test of the new locks began this week on the Atlantic side of the canal. Photo: ACP

The Panama Canal expansion project reached another milestone Tuesday with the start of tests of the new lock gates. The tests kicked off in the new lock complex on the Atlantic side of the Canal, which was just recently filled with water. Each lock complex includes three chambers, eight rolling gates and nine water-saving basins, which will reuse 60 percent of … [Read more...]

27 Companies Competing for Sewol Salvage Contract

A picture of the Sewol capsizing, as taken by the Korea Coast Guard on April 16, 2014. Credit: Creatives Commons

  A total of 27 companies have submitted bids for the multi-million dollar contract to raise the sunken Sewol ferry in South Korea. The 27 companies represent seven consortiums participating in the tender, including two that are led by Korean companies and five by foreign firms, the Ministry of Oceans and Fisheries said in a statement. Six foreign firms are among the … [Read more...]

TORM Tanker Picks Up 200 Migrants Off Libya

A Torm tanker rescues migrants in the Mediterranean Sea in July 2014. Photo: TORM A/S

  A TORM product tanker on Sunday assisted Italian authorities in a rescue operation to save migrants from two unseaworthy boats off the Libyan coast. TORM, one of the world's leading carriers of refined oil products, says that on the morning of 21 June 2015 its Singapore-flagged TORM Arawa was drifting off Zawiya, Libya when it received a distress call from the … [Read more...]