Energy News Beat AsiaOffshore Nam Cheong Nam Cheong Malaysia-based offshore marine group Nam Cheong has secured multi-year offshore support vessel charter contracts from leading regional oil majors worth up to RM317.1m ($72m). The agreements cover seven anchor handling tug supply (AHTS) vessels, which will be deployed in Malaysian and Thai waters in 2025 for up […]
Energy News Beat Middle EastOffshore Adnoc Drilling Adnoc Drilling UAE-based Adnoc Drilling has been awarded a $1.63bn contract from state-owned Abu Dhabi National Oil Company (ADNOC). The five-year deal will see the largest national drilling company in the Middle East by rig fleet size provide integrated drilling services for ADNOC Offshore. “This five-year award is […]
Energy News Beat White House Archives The secretary of the US Department of the Interior and chairman of the National Energy Dominance Council, Doug Burgum, has stopped all construction of Equinor’s Empire Wind 1 project off the coast of New York. Burgum said in a social media post that his department, in consultation with the […]
Energy News Beat AsiaOffshore Official ITF X account Official ITF X account An all-Indian crew of the St. Kitts & Nevis-flagged offshore support vessel Star Apollo has not been paid their salaries since the start of their contracts, and the crew’s health is also becoming an issue, according to a leading seafarer trade union. The […]
Energy News Beat Julian Hoffmann Anton Many of shipping’s go-to bodies for trade forecasts are now slashing economic predictions for the year ahead in the wake of Donald Trump’s tariff war. Creating significant alarm, the World Trade Organization has warned global merchandise trade for 2025 could drop by as much as -1.5%, potentially becoming only […]
Energy News Beat The latest American sanctions aimed at Iran’s oil industry make specific warnings to shipping about the use of substandard shipping. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) yesterday designated a China-based independent teapot refinery Shandong Shengxing Chemical for its role in purchasing more than a billion dollars’ worth […]
Energy News Beat HarborLab Antonis Malaxianakis, founder and CEO of HarborLab, a port cost management platform, is willing to do what few others in maritime tech dare – going public on return on investment (ROI) numbers, something he’ll also happily share with delegates attending Geneva Dry, due to open on April 28. HarborLab is an […]
Energy News Beat Pacific Basin The International Labour Organization (ILO) has concluded the latest round of minimum wage negotiations for able seafarers at a meeting of the Subcommittee on Wages of Seafarers of the Joint Maritime Commission (JMC), held in Geneva on this week. The terms of the wage agreement see seafarers get a 6.2% […]
Energy News Beat BAR Suba Sivandran, director of strategy, M&A and advanced services at Bureau Veritas Marine & Offshore, gives readers an idea of the savings that are possible by installing wind tech on ships trading in Europe. The International Maritime Organization (IMO) has finalised new measures that should provide a framework to decarbonise shipping. […]
Energy News Beat Biggest increase since June 2021. And they mostly bought long-term Treasury debt. No major holder dumped. By Wolf Richter for WOLF STREET. All foreign investor entities combined, from central banks to private investors, massively bought US Treasury securities, increasing their holdings by $290 billion in February, the second largest month-to-month increase in the data going […]
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