Offshore News
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Tugs Towing & Offshore-Newsletter 96 2022 PDF
Foss Charters Vessel from Tug Construction Foss Maritime has reached a deal to bareboat charter the tug Earl W Redd from Tug Construction, LLC for use in the U.S. offshore wind industry. The Earl W Redd will sail from Portland, Ore. to Massachusetts later this month to begin work on…
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Dry Bulk shipping-Breakwave+December+6+2022+Report PDF
Sweden Industrial Production Value Index YoYNovember 2022 Data Sweden’s industrial output grew 3.1 percent year-on-year in October of 2022, slowing from an upwardly revised 4.3 percent rise in the previous month, mainly influenced by the decline in mining and quarrying sector (-19.6 percent vs 0.3 percent in September). Meanwhile, output…
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Claudio Barbaro : Meeting of the East Mediterranean Gas Forum in Egypt is a “strategic event”
Undersecretary of State to the Ministry of the Environment and Energy Security Claudio Barbaro, stated that the eighth ministerial meeting of the Regional East Mediterranean Gas Fourm (EMGF )to be held tomorrow, Wednesday, in the Egyptian capital, Cairo, is a “strategic date for the future,” according to the Italian news…
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EU agrees $60 price cap on Russian oil
Last hold out Poland agrees to a deal designed to cut Putin’s oil income while avoiding a spike in prices. The Council decided to set an oil price cap for crude oil and petroleum oils and oils obtained from bituminous minerals which originate in or are exported from Russia, at…
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US offshore oil & gas installation at ‘increasing’ risk of cyberattack
The US Government Accountability Office (GAO) has warned that the time to act on securing the US’s offshore oil and natural gas installations is now because they are under “increasing” and “significant risk” of cyberattack. A report to Congress looked at a network of “more than 1,600 offshore oil and…
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Maersk Tankers creates new credit facility to strengthen pool cash flow
Maersk Tankers has created a new USD 150 million uncommitted credit facility with Citi to strengthen its pools’ working capital and improve cash flow for pool partners in a volatile and high tanker rate environment. “Tanker markets are currently experiencing volatile and high freight levels, at the same time as…
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