Oil Price Boon for BP is Helpful
Bernard Looney is demonstrating the ups and downs of transitioning away from oil.
The BP chief executive on Tuesday announced expectations-beating second-quarter results, and hiked the company’s dividend.
Which is great, except the recent...
SafeSTS Develop Ship-to-Ship Cargo Transfer System for Shuttle Tankers
A revolutionary new ship-to-ship cargo transfer system has been developed and patented by SafeSTS for the Dynamic Positioning (DP) shuttle tankers sector.
The innovation provides greatly increased flexibility and efficiency for the export of oil...
Shipping Container Crisis Stalls Toy Sales
The toy industry in recent years has grown accustomed to weathering an annual crisis that threatens the holiday season.
Every year Christmas still arrives, with lots of toys under Christmas trees.
But this...
DNV Reach 250 New Orders for LNG Fueled Ships in 2021
Classification society DNV has reported another strong month in orders for LNG-powered ships as owners look to slash emissions and costs, says an article published on LNG prime website.
June orders
Owners placed in total 21...
IMCA Publishes AUV Audit Guidance
The International Marine Contractors Association (IMCA) has published an AUV Audit Guidance Document (IMCA S 028) to advance a common approach to the auditing of autonomous underwater vehicles (AUV) and their associated support systems,...
Global Economic Health is Emerging from Pandemic
Emerging data from the second quarter shows how China and South Korea, both of which originally opted for harsh lockdowns.
They have comfortably exceeded their pre-pandemic peak levels of output, unlike large European...
Vessel Captain Arrested for Illegal Entry
Malta-flagged ship captain sentenced to one month in prison for illegally entering the territory of the Republic.
The captain of a Maltese-flagged ship was sentenced to one month in prison by the Larnaca District...
Engine Manufacturing Trio Launch Hydrogen-powered Engine Venture
Kawasaki Heavy Industries, Yanmar Power Technology, and Japan Engine Corporation unveiled the launch of HyEng Corporation as part of their net-zero drive.
These marine engine manufacturers have joined forces to establish a new...
Suspected ‘Potential Hijack’ Ends In Arabian Sea, Affirms UKMTO
The armed group who seized a tanker off the coast of the United Arab Emirates (UAE) has left the targeted ship, the British navy reported.
The United Kingdom Maritime Trade Operations revealed that...
Diana Shipping Reports Financial Results for Q2 & H1 2021
Diana Shipping Inc., in their press release, has reported a net income of $2.8 million and net income attributed to common stockholders of $1.4 million for the second quarter of 2021.
This compares to a...