23 APR 2019 The Nature Conservancy (TNC) has unveiled what it says is a pioneering US$1.6 billion scheme to scale up global ocean conservation efforts through “blue bonds”. The bonds will refinance and restructure debt for coastal and island countries in exchange for a commitment to protect at least 30% …
Read More »IRAN READY FOR U.S. WAIVERS TO END AS GUARDS THREATEN TO SHUT STRAIT OF HORMUZ
22 APRIL 2019 Tehran is prepared for a U.S. decision to end waivers granted to buyers of Iranian crude, an Iranian oil ministry source said on Monday, as the Revolutionary Guards repeated their threat to close the strategic Strait of Hormuz, Iranian media reported. The United States will fail to …
Read More »PIRATES ATTACK TWO FISHING BOATS OFF SOMALIA
21 apr 2019 On Sunday, two fishing vessels were attacked by pirates off the coast of Somalia. The attempted boardings were both thwarted, but security officials said that they represent a reminder that antipiracy measures are still required when transiting the high-risk area off Somalia. According to EUNAVFOR, the fishing …
Read More »KEPPEL PLANS TO ADD 1,800 STAFF AT OFFSHORE AND MARINE UNIT
20 APR 2019 Singapore conglomerate Keppel Corp is planning to 1,800 staff this year at its offshore and marine business, the first time the company is hiring for the division after cutting thousands of jobs since 2015. The slump in oil prices in 2014 and a global oversupply of drilling …
Read More »ABS TEAMS WITH INDUSTRY LEADERS TO IMPROVE CONTAINERSHIP SAFETY
19 APR 2019 Classification society ABS announced Thursday it is teaming up with members of the Cargo Incident Notification System (CINS) to develop actionable recommendations to help mitigate risks posed from the stowage of dangerous goods on containerships. Established in 2011, CINS is a shipping line initiative meant to increase safety in …
Read More »U.S. GULF OF MEXICO HAS LARGEST NUMBER OF LAID-UP OSVS
18 APR 2019 Out of all the major offshore oil and gas regions, the U.S. Gulf of Mexico has the largest number of laid-up OSVs, according to a new analysis by VesselsValue. “By observing the figures, we can see the market with the highest layup is the US Gulf. Even …
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