Singapore-headquartered BW Group announced Monday that CEO Carsten Mortensen has resigned after three years on the job. The company said Mortensen was resigning for personal reasons. The resignation is effectively immediately. BW Group Chairman, Andreas Sohmen-Pao, commented: “Carsten and I have had a great partnership working closely together to grow the company, but the … [Read more...]
CMA CGM Says Global Sulphur Cap to Cost Customers $160 Per Container on Average
French shipping giant CMA CGM on Monday said the 2020 global sulphur cap regulation will cost an estimated $160 per twenty-foot container or equivalent unit (TEU) to be paid by its customers in the form of a fuel surcharge. CMA CGM, the world's fourth-largest container shipping line by overall TEU volume, is the latest of the major ocean carriers to reveal how it intends to … [Read more...]
Indian Sailor Rescued from Yacht Stranded Off Australian Coast
SYDNEY, Sept 24 (Reuters) - An Indian sailor injured in a solo round-the-world race has been rescued, the Indian Navy said on Monday, after Australian authorities said a French ship was nearing his storm-damaged yacht off Australia's west coast. The sailor, Abhilash Tomy, called for emergency assistance on Saturday after the yacht was badly damaged in a storm about 3,500 km … [Read more...]
Panama Revokes Registration of Last Migrant Rescue Ship in Central Mediterranean
MILAN, Sept 23 (Reuters) - The Panama Maritime Authority has revoked the registration of search and rescue ship Aquarius 2 in a move that means there will be no charity rescue ships off the Libyan coast in the near future unless the vessel can find a new flag to sail under. Aquarius 2, the one remaining charity rescue vessel still operating in the Central Mediterranean area, … [Read more...]
Newbuild Rig Transocean Norge Lands Six-Well Contract from Equinor with Options
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...]