Fugro secures remote operations contract on Well-Safe’s Guardian rig

Well-Safe Solution’s Guardian rig, where Fugro will be providing remote operations support for subsea well decommissioning activities (courtesy of Well-Safe)

Fugro secures remote operations contract on Well-Safe’s Guardian rig

Fugro has secured an initial 3-year contract with Well-Safe Solutions, a UK-based offshore well decommissioning service provider. Fugro will deliver their integrated marine-based solution onboard the Well-Safe Guardian rig, Well-Safe Solutions’ bespoke semi-submersible unit...

http://www.allaboutshipping.co.uk/2020/04/22/fugro-secures-remote-operations-contract-on-well-safes-guardian-rig/

Wärtsilä offers offshore sector up to six months operating without planned onboard maintenance

The Wärtsilä Power Solution relieves cost pressure for the offshore sector by eliminating the need for permanent on-site maintenance crew and permanent facilities for them.

Wärtsilä offers offshore sector up to six months operating without planned onboard maintenance

Wärtsilä Corporation, 20 January 2020 at 10 am EET

The technology group Wärtsilä has introduced an agreement-based Power Solution for new normally unattended offshore installations (NUIs). The solution provides the asset with up to...

http://www.allaboutshipping.co.uk/2020/01/20/wartsila-offers-offshore-sector-up-to-six-months-operating-without-planned-onboard-maintenance/

Markets in a free fall

John Faraclas

Markets in a free fall

Markets in a fee fall amid Planet Ocean’s uncertainty

The BDI (Baltic Dry Index lost 51 points earlier on today and now stand at 1,731 points amid Planet Ocean’s worse uncertainty; John Faraclas brief recap:

The Capes’ BCI down 100 !! points at 2,978 losing the as expected the 3,000 points threshold!

The Panamaxes’ BPI down 31 at 1,543

The Supras’ BSI down 36 at 1,091..

The Handies’ BHSI down 13 at 591 losing the 600 point threshold.

The Wets falling too; the last...

http://www.allaboutshipping.co.uk/2019/10/31/markets-in-a-free-fall/

The BDI close to 2,000 points amid Armageddon

John Faraclas

The BDI close to 2,000 points amid Armageddon

The BDI (Baltic Dry Index) gained 56 points earlier on today and now stands at 1,929 – a fraction away from  the psychological threshold of 2,000! Yesteday was a slightly better day… but let’s not be so greedy… Geopolitics as expected and predicted turning sour with Turkey putting Peace in the entire Balkans / East Med / Middle East region at stake, following its invasion in Northern Syria. John Faraclas’ brief market and Geopolitics...

http://www.allaboutshipping.co.uk/2019/10/10/the-bdi-close-to-2000-points-amid-armageddon/

Performance Shipping announces delivery of Aframax tanker “Blue Moon”

Performance Shipping announces delivery of Aframax tanker “Blue Moon”

ATHENS, GREECE, August 5, 2019 – Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/t Blue Moon (formerly “Maersk Jeddah”), a 2011-built Aframax tanker vessel of 104,623 dwt that the Company entered into an agreement to purchase in June 2019.

Including the...

http://www.allaboutshipping.co.uk/2019/08/05/performance-shipping-announces-delivery-of-aframax-tanker-blue-moon/

‘Gas & Gunboats in the Eastern Mediterranean’ – Demetrius A. Floudas — Hughes Hall, University of Cambridge – 10 June 2019, 17:30

‘Gas & Gunboats in the Eastern Mediterranean’ – Demetrius A. Floudas — Hughes Hall, University of Cambridge – 10 June 2019, 17:30

Event to be held at the following time, date, and location:

Monday, June 10, 2019 from 5:30 PM to 7:30 PM (BST)

Seminar Room B
Hughes Hall
University of Cambridge
CB1 2EW Cambridge
United Kingdom

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Gas & Gunboats in the Eastern Mediterranean: The next conflict at Europe’s doorstep?

Demetrius...

http://www.allaboutshipping.co.uk/2019/06/06/gas-gunboats-in-the-eastern-mediterranean-demetrius-a-floudas-hughes-hall-university-of-cambridge-10-june-2019-1730/

The BDI@1,082; Supras “spoil” the broth…

The BDI@1,082; Supras “spoil” the broth…

John Faraclas

The BDI (Baltic Dry Index) ended up 16 points earlier on today following the long weekend due to the spring Holiday as well as due to end of the European Union’s election process. Now if we have so far stressed the perplexed and enigmatic geopolitics affecting not only the markets but our lives, do take cover from what is next to come. And remember: news is what they DON’T tell us. John Faraclas’ brief daily recap:

The Capes’ BCI was up 40...

http://www.allaboutshipping.co.uk/2019/05/28/the-bdi1082-supras-spoil-the-broth/

Mark Prendergast to retire from Harris PYE engineering group in May 2020

Mark Prendergast

Mark Prendergast to retire from Harris PYE engineering group in May 2020

Mark Prendergast, Chief Executive Officer of Harris Pye Engineering Group, a Joulon company has announced that he is to retire on 30 May 2020.

The Harris Pye Engineering Group, global specialists in the provision of repairs, upgrades and conversions to the marine, offshore oil and gas, and associated onshore industrial sectors as well as having a renewables, biomass and green technology portfolio, was...

http://www.allaboutshipping.co.uk/2019/05/23/mark-prendergast-to-retire-from-harris-pye-engineering-group-in-may-2020/

International Diving Industry Forum Established by the World’s Key Energy Industry Diving Bodies

Bryan McGlinchy IMCA’s Diving Manager

International Diving Industry Forum Established by the World’s Key Energy Industry Diving Bodies

The International Diving Industry Forum (IDIF) has been established by three key industry stakeholders – the International Marine Contractors Association (IMCA); the Association of Diving Contractors International ,(ADCI);and the International Association of Oil and Gas Producers (IOGP) – to reduce and control the risks associated with energy industry diving...

http://www.allaboutshipping.co.uk/2019/04/29/international-diving-industry-forum-established-by-the-worlds-key-energy-industry-diving-bodies/

Daily Overview of Global Markets & the SEE Region (Monday, 22 April, 2019)

Daily Overview of Global Markets & the SEE Region (Monday, 22 April, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:   Oil prices surged earlier today on press reports conveying that, as of 2 May, the US will no longer grant sanctions waivers to any country that is currently importing Iranian crude. Brent crude was 2.4% higher on the day at the time of writing, hitting a fresh year-to-date peak of $74.3 per barrel. Following the Good Friday holiday, financial markets in many...

http://www.allaboutshipping.co.uk/2019/04/22/daily-overview-of-global-markets-the-see-region-monday-22-april-2019/

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