High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
The 13,900 tonne topside for the Ivar Aasen project is on its way to Norway after construction was completed at a shipyard in Singapore.
The platform deck was built at the Sembawang Shipyard, a subsidiary of Sembcorp Marine Offshore Platforms. It is being shipped by the Cosco heavy lift vessel the Xiang Rui Kou.
The Ivar Aasen field is located on the Norwegian Continental Shelf west of the Johan Sverdrup field in the North Sea and contains approximately 204 million barrels of oil equivalent. First oil is expected in December.
Operator of the field is Det norske, holding a 34.8 per cent ownership interest.
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