Offshore is one of the industries with the biggest risk profiles in the world. When bad things happen in offshore, people die, often there are explosions and sinkings, fires and oil spills, and the environment can be badly polluted, killing seabirds, fish, dolphins and coral, and inflicting...
Tanker World
Tanker operator faces US treasury sanctions for illicit transfers of oil to Iran
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking additional action against Iranian military revenue generation, targeting shipping company Oceanlink Maritime DMCC for facilitating the shipment of Iranian commodities on behalf of Iran’s Armed Forces General Staff (AFGS) and Ministry of Defence and Armed Forces Logistics (MODAFL). OFAC is also […]
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Partnership to develop semiconductor technology for integration in marine propulsion systems
Infineon Technologies and South Korean shipbuilder HD Korea Shipbuilding and Offshore Engineering (KSOE) have entered into a non-binding memorandum of understanding (MOU) as part of a broader project wherein the two companies will jointly develop applications for the electrification of marine engines and machinery using energy-efficient power semiconductor technology. KSOE is already focusing on creating […]
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Jinzhao Peru secures US$405 million port construction project
Terminal Portuario Jinzhao Peru, a subsidiary of Chinese construction company Jinzhao, has been awarded a contract for the design, financing, construction, operation, and maintenance of a new large port in San Juan de Marcona in Nazca province in southern Peru. The contract awarded by the Peruvian...
COLUMN | Perenco’s shame and Gabon’s lax standards: a fatal combination [Offshore Accounts]
In an industry is awash with cash and record profits, it is tragic to see five people confirmed dead in an accident on a Perenco platform offshore Gabon, and one other worker still missing, presumed also killed, as per the most recent update. Last Wednesday, there was a fire on the Becuna platform...
REMINISCENCES | The lessons of “Supership” half a century on
Fifty years ago, the shipping “establishment” was plunged into angst and indignation by the publication of a book that opened up many of the mysteries of the modern maritime industry to critical public scrutiny. Noel Mostert’s “Supership” was the account of a voyage he had taken from North Europe...
Study confirms new firefighting guidance needed for methanol-fuelled vessels
A new fire safety study by global survival technology company Survitec has revealed that existing firefighting methods used to extinguish machinery space spray and pool fires on conventionally-fuelled vessels are inadequate when dealing with methanol-based fires. This follows extensive comparative fire tests on dual-fuel marine engines using diesel oil and methanol, carried out amid growing […]
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Belgium, EU sign Beijing Convention on the Judicial Sale of Ships
Belgium and the European Union haved signed the United Nations Convention on the International Effects of Judicial Sales of Ships, otherwise known as the Beijing Convention on the Judicial Sale of Ships, the United Nations Commission on International Trade Law (UNCITRAL) confirmed via a recent...
Tanker capsizing leaves eight dead off southwestern Japan
Eight people are confirmed dead while another two have gone missing after a commercial tanker capsized in rough seas off southwestern Japan on Wednesday, March 20. The South Korean-flagged chemical tanker Keoyoung Sun was at anchor near Mutsure Island just off the main island of Honshu when its...
BOOK REVIEW | BP Shipping Pictorial: The Golden Years 1945-1975
Don’t be fooled by the word “pictorial” in its title. While it does include some first-rate pictures, this book is much more than that. It describes very fully three of the most interesting and intense decades in tanker, indeed ship, development in all of maritime history. Focused on just one ship...