Asia’s offshore mega wind farms risk delays from ship shortage
Asian nations counting on offshore wind farms to meet clean energy goals are facing an increasing shortage of ships for installing the massive turbines in the sea.
ships
Four ships banned from all ports for violating UN sanctions against North Korea
The UN Security Council has banned all nations from allowing four ships that transported prohibited goods to and from North Korea to enter any port in their country.
‘Low standards’ blamed for ships’ collision, put crew in “grave danger”
Poor watch-keeping led to a collision between two ships at sea which placed the lives of two crew in “grave danger” a report has found.
Eni Norge terminates Viking vessel contract early
Eni Norge has given an early termination notice for a contract with Viking Supply Ships (VSS) for one of its vessels.
Craig Group halts investment in ships, ROVs
Aberdeen’s Craig Group has halted investment in new ships and ROVs as it as it battens down hatches to weather the industry downturn.
Oil bargains for Asia stretch to Mexico as ships set sail
Ships carrying oil from Mexico are sailing to South Korea for the first time in more than two decades as the US shale boom brings bargains from around the globe. The voyage is evidence of the competition OPEC producers face as the Us pumps the most oil in more than three decades, exacerbating a global glut in supplies while demand slows in Asia. Refiners in South Korea and Japan ordered at least eight cargoes from the Latin American nation this year, including the most heavily discounted Mexican oil in two decades, according to company officials and shipping data compiled. The fight for market share among global producers is playing out in Asia as increased output from American shale fields reduces the need for imports in the world’s biggest oil-consuming nation. Mexico’s sales to the Us, its largest buyer, dropped 6.5 percent in the first eleven months of last year. “Middle East and Mexican crude grades have similar specifications, which means Korean refiners don’t have to change much when they process Mexican oil,” Kim Jae Kyung, a research fellow at Korea Energy Economics Institute, said by phone Thursday. “Middle East producers will have to fight for market share.”