Sheffield Forgemasters’ shareholders have agreed to sell its entire share capital to the Ministry of Defence (MoD) to support a substantial recapitalization of its defence-critical plant, equipment and infrastructure necessary to secure the delivery of components into future MoD programs. … Read More
Marine
LNG Price Recovery Spurs Spending in Race against Carbon Targets
The investment outlook for liquefied natural gas (LNG) has improved this year but project go-aheads will not match the bonanza of 2019, as the fight against climate change clouds the prospects for gas demand growth longer term. Renewed optimism as … Read More
Ocearch Launches 41st White Shark Research Expedition
Non-profit organization Ocearch said Tuesday it was embarking on its 41st ocean research expedition “to help solve the life history puzzle of the Northwest Atlantic white shark.” Alongside 42 scientists and 28 research institutions the organization will collect data to … Read More
World Faces Shortage of Sailors to Crew Commercial Ships, Study Says
There could be a shortage of merchant sailors to crew commercial ships in five years if action is not taken to boost numbers, raising risks for global supply chains, a report said on Wednesday. The shipping industry is already struggling with crewing shortfalls … Read More
DNV Supports Safe Crew Change Program in South East Asia
Classification society and risk management expert DNV said Wednesday it would take on an “instrumental role” in helping to facilitate safe crew changes amid South East Asia’s COVID crisis as an auditor in the multi-party backed CrewSafe program. CrewSafe is … Read More
Cyber Attack: Force Majeure at Port Terminals in South Africa to be Lifted ‘Soon’
South African freight logistic firm Transnet said on Tuesday the force majeure communicated by its port terminals to customers would be “lifted soon” after progress was made in restoring its IT systems following a cyber attack. Transnet said terminals are … Read More
HFW Helps Shanghai Shipyard in $170M Drillship Case Dispute
Law firm HFW said Tuesday it had advised Chinese shipbuilder Shanghai Shipyard on a UK Court of Appeal win relating to a US$170 million payment under a shipbuilding contract for an offshore drillship. The Court of Appeal overturned an April … Read More
BP Partners Up with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping
Oil major BP and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping have partnered up to work on the development of new alternative fuels and low carbon solutions for the shipping industry. As a strategic partner to the Center, … Read More
94-meter Multi-Role Response Vessel for Philippine Coast Guard Launched
Officials from Japan and the Philippines on Monday virtually attended the launching ceremony of the 94-meter Multi-Role Response Vessel (MRRV) at the shipyard of the Mitsubishi Shipbuilding Co., Ltd. in Japan. The ceremony was attended by Koshikawa Kazuhiko, the Japanese … Read More
Man in Hamster-like Floating Wheel Washes Ashore in Florida after Failed Attempt to Reach New York
A man in a hamster wheel-like vessel washed ashore near the Old Salt Park beach approach in Flagler County, Florida. He said he was on the way to New York. “[The vessel’s] sole occupant was with the vessel and advised … Read More