Oil Prices Down Again As Traders Fret Over U.S. Stockpile Build
by Ship Bunker
Tuesday, August 09, 2022
Meanwhile, the EIA predicts record U.S. 2023 output.
Keppel Terminates More Contracts Linked to 2010s Offshore Boom
by Mike Schuler
Tuesday, August 09, 2022
Singaporean rigbuilder Keppel O&M has announced the termination of contracts over failure of clients to make final payments and take delivery. The terminations are the latest linked to abandoned assets...
Lack of Activity in the Ship Recycling Market
by hellenicshippingnews..
Tuesday, August 09, 2022
The lack of vintage tonnage appears to be the main trend in the ship recycling market these days. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as we have now entered the month of August, the holiday season is now in full swing with Owners, Brokers and Industry stakeholders taking some time ...
A surge in shipbuilding
by hellenicshippingnews..
Tuesday, August 09, 2022
While some shipyards struggled to stay afloat during the initial outbreak of COVID-19, the post-pandemic environment is predicted to usher in an encouraging era for shipyards’ orderbooks. In 2020, orders for containerships fell to their lowest number in a decade and dry bulk and tanker orders experienced similar slumps. Both 2021 and 2022 saw an ...
LNG retrofits will rate higher under CII than HFO/scrubber or Vlsfo alternatives
by hellenicshippingnews..
Tuesday, August 09, 2022
LNG is the best fuel option for owners considering how to extend vessel life and secure CII compliance through retrofit, according to SEA-LNG, the multi-sector industry coalition established to demonstrate the benefits of the LNG fuel pathway for shipping decarbonisation. In a piece of analysis released today, the coalition finds significant benefits to a business ...
Empties Lift Port of Long Beach to New July Record as Imports Fall
by Mike Schuler
Tuesday, August 09, 2022
The Port of Long Beach reported July throughput numbers on Tuesday, showing its most active July on record despite a “cooldown” in consumer spending. Dockworkers and terminal operators at the...
Norwegian Cruise Line Says Pre-Pandemic Occupancy Still a Year Away, Shares Tumble
by Reuters
Tuesday, August 09, 2022
Aug 9 (Reuters) – Norwegian Cruise Line Holdings Ltd forecast a loss for the current quarter and revenue below estimates as occupancy rates remained stubbornly below pre-pandemic levels, sending its shares down 12% on Tuesday....
NASSCO to Build Another Sea Base and More Oilers for the U.S. Navy
by Mike Schuler
Tuesday, August 09, 2022
General Dynamics NASSCO has been awarded $1.4 billion contract modifications for the construction of a sixth Expeditionary Sea Base ship (ESB 8) and two additional John Lewis-class fleet oilers (T-AO...
Coast Guard Responds to Oil Spill at Offshore Platform in Terrebonne Bay, Louisiana
by Mike Schuler
Tuesday, August 09, 2022
The U.S. Coast Guard was responding to an oil spill Monday after an oil tank platform collapsed at Hilcorp’ Caillou Island offshore facility in Terrebonne Bay, Louisiana. Coast Guard Marine...
Turkey’s Sends New Drillship to Mediterranean
by Reuters
Tuesday, August 09, 2022
ISTANBUL, Aug 9 (Reuters) – Turkey resumed its hydrocarbon drilling operations in the eastern Mediterranean on Tuesday after a two year hiatus, though President Tayyip Erdogan said its new drill ship would operate...