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Opening Arctic waters to drilling is Trump priority, Key Senator says

The Polar Pioneer drilling rig, pictured in Dutch Harbor while contracted to Shell to drill an exploratory well in the Chukchi Sea. Photo: Shell Alaska By Jennifer A. Dlouhy and Catherine Traywick (Bloomberg) — Senator Lisa Murkowski...

13/03/2017 Read

Cargo ship aground in Sweden

The 82.5m MV Skagern aground on the Gota River in Sweden. Photo: Swedish Maritime Administration The Swedish Maritime Administration is coordinating the salvage of general cargo ship which has run aground on the Gota River. The Netherlands-flag...

13/03/2017 Read

Shipping’s blues

TOO many new ships, too few old ones scrapped. Since the financial crisis, after which trade growth slowed, the Baltic Dry Index—a measure of bulk freight rates—has fallen by 93%. Prices for transporting containers have plunged by the sam...

13/03/2017 Read

New floating platform harvests wind and wave energy

Danish clean-tech company Floating Power Plant (FPP) has developed and patented a technology platform that includes a floating wind turbine combined with wave power devices. The company has established a joint venture with DP Energy to evaluate th...

10/03/2017 Read

Defer, wait, repeat: newbuild jackup delivery outlook not improving

By David Carter Shinn Last week, COSCO Shipyard announced that it “sees no notable upturn in the global market any time soon” and will close three of its five offshore yards by 2020 to cut overcapacity. While prospects for buildin...

10/03/2017 Read

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