Norwegian energy giant Equinor announced today it has awarded Transocean a six-well contract on the Norwegian continental shelf (NCS) for the newbuild harsh environment drilling rig Transocean Norge. Drilling start-up is scheduled for the summer of 2019 upon delivery of the rig. The contract also includes options for drilling four additional wells and "is intended … [Read more...]
Ship Recycling Association Says European Yards Have Sufficient Capacity Ahead of EU Ship Recycling Regulation
The International Ship Recycling Association says there is currently ample recycling capacity to meet the expected scrapping demand from the January 1, 2019 entry into force of the EU Ship Recycling Regulation. According to the ISRA, an analysis of historical figures shows that the amount of end of life of EU flagged ships in the past eight years has declined to just … [Read more...]
Death Toll Jumps to 136 in Tanzania Ferry Disaster with Scores Still Missing
DAR ES SALAAM, Sept 21 (Reuters) - Tanzanian President John Magufuli on Friday ordered the arrest of those responsible for a packed ferry sinking on Lake Victoria with a death toll of at least 136 and scores of people still missing. The ferry MV Nyerere capsized just a few meters from the dock on Ukerewe, the lake's biggest island, which is part of Tanzania. Initial … [Read more...]
Port of Savannah Sets 8 Million TEU Capacity Goal by 2028
The Georgia Port Authority on Thursday unveiled a $2.5 billion plan to expand the capacity at the Port of Savannah to 8 million TEUs by 2028. Georgia Ports Authority handled a record 4.2 million TEUs at Savannah's Garden City Terminal in Fiscal Year 2018, representing an impressive 8.4% increase compared to 2017. The terminals current annual capacity is 5.5 million, making … [Read more...]
Shipping Groups Propose Phased Start to 2020 Global Sulphur Cap
By Prejula Prem, Alex Longley and Jack Wittels (Bloomberg) -- The shipping industry is pressing for a phased start when tough new rules governing vessel fuel get under way in fewer than 16 months’ time. Three trade groups and four countries where thousands of ships are registered made a joint proposal to the International Maritime Organization on Aug. 31 for what they called … [Read more...]