Russia warns of severe environmental damage as oil from damaged tankers washes up on beaches
MOSCOW : Russian officials warned of severe environmental damage on Wednesday as thousands of people came out to clean up tons of fuel oil that spilled out of two storm-stricken tankers more than two
ONGC in talks with domestic shipyards for offshore drilling rigs
NEW DELHI : Oil and Natural Gas Corporation (ONGC) is in preliminary talks with domestic shipyards to construct two offshore jack-up drilling rigs, estimated to cost USD 500-550 million. The plan, recently approved by
TMS Tanker conference underlines need for collaboration to accelerate shipping’s journey to net zero
DUBAI : Environmental issues and factors influencing the sustainability of tanker shipping as it steps up to play its full part in decarbonising the industry in decades to come were the dominant themes of
Maersk to equip five tankers with bound4Blue’s wind-assisted eSAIL
COPENHAGEN : Maersk Tankers has placed an order for bound4Blue’s wind assisted propulsion system (WAPS) to power its five vessels. The agreement marks bound4blue‘s largest WAPS deal to date, involving the installation of 20 type-approved
Trump presidency seen as bullish for tanker rates in US, Middle East; Russia wild card
WASHINGTON D. C. : A second Donald Trump presidency could push up tanker rates in the Middle East and the US Gulf while ushering in great uncertainty over Russia-related trades, some analysts recently said
Guidelines to Flexitank Safety Issued
LONDON : Global freight insurance provider, TT Club has issued the latest in its series of Stop Loss publications together with the Container Owners Association (COA). Focusing on the increasingly popular flexitank unit to
BSC chartered Vessel from abroad as back-to-back fires on oil tankers raise concern
DHAKA : The Bangladesh Shipping Corporation (BSC) has chartered a vessel from abroad to transport crude oil from mother vessels to the Eastern Refinery, as back-to-back fires on its two oil tankers have raised
Lloyd’s Register launches new benchmarking platform to drive Digital Maturity in maritime
LONDON : Lloyd’s Register (LR) announces the launch of its Digital Maturity Framework and Index, a pioneering tool designed to help companies assess and benchmark their digital maturity. The need for greater clarity and