“Fix the balance sheet before you fix the business.” This was the sage advice we gave two weeks ago when we compared Tidewater to its moribund and indebted competitors. We noted that Hornbeck, Bourbon, and Edison Chouest still have some way to go in resolving their balance sheet problems. But if...
The Yemeni Houthi rebels’ continued attacks on shipping in the Red Sea serve as a reminder that global supply chains remain highly vulnerable to disruption. Moreover, it highlights how food insecurity can simultaneously be an effect and cause of conflict. To address this, the international...
The European Council has launched a new defensive maritime security operation with the objective of restoring and safeguarding freedom of navigation in the Red Sea and the Persian Gulf. Launched on Monday, February 19, Operation ASPIDES will ensure an EU naval presence in the area where numerous...
Attacks on shipping in the Red Sea have had almost no impact on the oil price, despite the volume of oil shipped through the waterway surging 80 per cent over the last two years because of the war in the Ukraine. Markets more worried about a soft global economy and rising US and Brazilian oil […]
The...
https://www.bairdmaritime.com/ship-world/tanker-world/opinion-shipping-oil-through-troubled-waters/
Regular long-range deployments by its Persian Gulf-based warships ensure that the Islamic Republic of Iran Navy (IRIN) maintains a relatively high profile. Less well-known, however, are the operations of the service’s small Northern Fleet, which operates in the Caspian Sea. This fleet was very...
One of the delights of the offshore market recovery has been the surge in charter rates for platform supply vessels (PSVs) around the world. Tidewater’s triumphant presentation at the Barclays CEO Energy Conference earlier this month showed the potency of the market recovery that the company has driven ever onwards and upwards after its acquisition […]
Deliveries include new Ro-Pax ferries for operators in Kiribati and the Philippines. A new Chinese-built large cruise ship completes undergoing sea trials as a Japanese owner christens a hybrid ferry. Finally, orders have been placed for new ferries designed for the conditions of the Persian Gulf. Philippines’ Lite Shipping adds catamaran newbuild to fleet Philippine […]
The post Passenger Vessel News Roundup | September 20 – Chinese cruise ship, Japanese hydrogen-powered ferry and more appeared...
DUBAI, Aug 13 (Reuters) – A U.S.-led naval coalition in the Gulf has warned ships in the region to stay away from Iranian waters to avoid possible seizure, the U.S. Navy said. The warning…
https://gcaptain.com/u-s-led-naval-group-warns-ships-to-avoid-iranian-waters/
(Reuters) – Iran has equipped its Revolutionary Guards’ navy with drones and 1,000-km (600-mile) range missiles, Iranian news agencies reported on Saturday, as the U.S. offers to put guards on commercial ships going through the…
To put a stop to Iran’s recent vessel seizures, the U.S. is going to bolster naval patrols in and around the Strait of Hormuz.
The post U.S. takes steps to boost naval presence, as Iran gets its hands on another oil tanker appeared first on Offshore Energy.