Last week (here) we looked at the impact of the horrific Russian invasion of Ukraine. Brent crude closed on Friday at US$118 per barrel. Russian artillery and missiles po ..
Caspian Sea
COLUMN | Quick updates: Shell’s Prelude fiasco, The Metals Company’s Siberian challenge, Chevron’s CCS problems, whilst BP and Socar face corruption claims in Azerbaijan! [Offshore Accounts]
Two weeks ago we looked at some surprises that were perhaps quite predictable (here); time for an update on developments in Australia at Prelude and Gorgon, two of the mo ..
Panel: West Must be Prepared to Send More Military Aid to Ukraine to Deter Russia
A solider with the Ukrainian Mechanized Company, 92nd Mechanized Brigade drills during the Combined Resolve XVI (CBR XVI) exercise at the Joint Multinational Readiness Center (JMRC) in Hohenfels, Germany, Dec. 10, 2021. US Army Photo
The West must be ready to send air defense systems and anti-ship missiles to Kyiv while preparing to slap harsher sanctions on Moscow to deter the Kremlin’s bullying of Ukraine, five experts in European security said this week.
Alexander Vershbow, a former NATO...
Russian partnership to build vessels optimised for Caspian Sea operations
Russian transport company Kazmortransflot and state-owned United Shipbuilding Corporation (USC) have entered into an agreement on the construction of new vessels designed ..
VESSEL REVIEW | Mustai Karim – Sea and river-capable newbuild to serve Moscow cruise market
The Krasnoye Sormovo shipyard of Russia’s United Shipbuilding Corporation (USC) has handed over a new cruise ship to local operator Vodohod. Designed by naval archi ..
Watch: Explosions Rock The Caspian Sea, Shooting Fireball Into The Sky
A massive explosion has shaken the Caspian Sea, sending a fireball shooting into the sky. The incident occurred near an oil and gas field off the Azerbaijan coast in the Caspian Sea. The state oil company has said that none of its platforms had been damaged.
The cause of the unforeseen blast was not determined immediately, but Azerbaijan’s state oil company SOCAR has said that information indicated that the cause was a mud volcano.
The Caspian Sea is known for having several such volcanoes, which...
VESSEL REVIEW | Suraxani – Azerbaijani tanker rebuilt as floating museum and restaurant
Russia’s Marine Engineering Bureau (MEB) recently completed a unique vessel design project wherein a decommissioned oil tanker has been repurposed into a floating m ..
VESSEL REVIEW | Azerbaijan – First in series of new Russian-designed Caspian Sea rail ferries
Azerbaijan Caspian Shipping Company (ACSC) recently took delivery of the first vessel in a new series of two locally-built Ro-Pax ferries that are also capable of transpo ..
P&O Maritime Logistics launches new inland river route from Caspian Sea to DP World Yarimca
P&O Maritime Logistics launches new inland river route from Caspian Sea to DP World Yarimca
- Trial container voyage from Caspian Sea to Yarimca marks the beginnings of new river-sea route connecting Central Asia directly with Turkey
- Connection between Marmara region and the Caspian Sea will offer a boost to Turkish & Central Asian trade with lower door to door costs and streamlined transportation of goods for importers and exporters
18 May 2021 –Istanbul, Turkey – A new container and breakbulk...
COLUMN | More mistakes? Velesto, Shearwater, PXGEO and Polarcus, P&O Maritime Logistics, Bourbon Oceanteam and Boskalis, and James Fisher Subtech [Offshore Accounts]
Last week we looked at mistakes – mistakes from lenders in Singapore to Swiber and KrisEnergy (here), and a terrible error of judgement that led to the capsizing and si ..