1. Seadrill buys out Mermaid Maritime to take full control of Asia Offshore Drilling
John Fredriksen’s Seadrill has agreed a deal to buy out Thailand’s Mermaid Maritime to take full control of Asia Offshore Drilling. The joint venture owns three jackup rigs, and Seadrill is paying $31m to acquire the Thai company’s 33.76% stake. https://splash247.com/seadrill-buys-out-mermaid-maritime-to-take-full-control-of-asia-offshore-drilling/
2. Solstad Offshore signs agreement as part of move towards carbon neutral
Norwegian OSV operator Solstad Offshore has entered into a cooperation agreement with Westcon Power & Automation, a provider of hybrid and fully electric solutions, to develop environmental and sustainable technologies for its fleet. https://splash247.com/solstad-offshore-signs-agreement-as-part-of-move-towards-carbon-neutral/
3. The cyber imperative: a vessel as one digital ecosystem
Shipowners must prepare for compliance with IMO 2021 and look beyond it to the demands of increasingly digitalised, smarter shipping industry, writes Tore Morten Olsen from Marlink.
4. Mindfulness techniques, a ‘superpower’ for seafarers?
Seafarers are like soldiers. Both professions involve great risks, pressure, rigorous physical and mental requirements, work in extreme environments, travel, and teamwork. Smart and adventurous people are attracted to both. Human errors in either role can lead to bad outcomes, including accident, injury, and death. https://safetyatsea.net/news/2020/mindfulness-techniques-a-superpower-for-seafarers/
5. Cable Laying Vessel Catches Fire and Sinks Off South Korea – Incident Video
Korean media reports the 6,204-tonne Responder suffered a fire at approximately 3:50 a.m. September 11 as the ship was laying cable around 31 nautical miles off Tongyeong, South Korea. https://gcaptain.com/cable-laying-vessel-catches-fire-and-sinks-off-south-korea-incident-video/
6. HHI Granted Bureau Veritas Approval In Principle For Hi-FL2P, Hyundai’s Innovative ‘All-In-One’ Floating LNG Power SolutionHyundai Heavy Industries Co., Ltd. has been granted Approval in Principle (AIP) from Bureau Veritas for Hi-FL2P (Hyundai innovative Floating LNG to Power solution). A certificate of Approval in Principle has been provided to Jae-Eul Kim, Chief Technical Officer, Hyundai Heavy Industries Co., Ltd, by Christophe Capitant, Country Chief Executive, Bureau Veritas Korea, in a ceremony held at HHI in Ulsan, the Republic of Korea. https://www.shippingtribune.com/news/shipping/HHI+granted+Bureau+Veritas+Approval+in+Principle+for+Hi-FL2P%2C+Hyundai’s+innovative+‘all-in-one’+floating+LNG+power+solution
7. Offshore Oil Wells, Ports Shut as U.S. Gulf Coast Storm Advances
Energy companies, ports and refiners on Monday raced to shut down as Hurricane Sally lumbered towards the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month. https://gcaptain.com/offshore-oil-wells-ports-shut-as-u-s-gulf-coast-storm-advances/
8. Salvors Repair Ruptured Tank on Fire-Hit New Diamond Off Sri Lanka
Sri Lanka has initiated repair work on the ruptured fuel oil tank in the engine room of a stricken fully loaded oil supertanker after plugging the leak, the country’s Navy said. https://gcaptain.com/salvors-repair-ruptured-tank-on-fire-hit-new-diamond-off-sri-lanka/
9. Baltic Index Rises On Higher Capesize Demand
The Baltic Exchange’s main sea freight index rose on Monday, snapping a 12-day long losing streak, buoyed by stronger rates for capesize vessels.
The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up 15 points, or 1.2%, at 1,282. https://www.shippingtribune.com/news/shipping/Baltic+index+rises+on+higher+capesize+demand
10. US Oil Production Expected To Decline Once Most Shut-In Volumes Are Back On Production
Compared to our pre-Covid-19 case, US crude and condensate production curtailments peaked in May at 2.8 million b/d with about 1.2 million b/d of shut-ins having come back online already. However, production is expected to resume natural decline starting this Fall due to the very low drilling and completion activity which has reduced horizontal oil rigs by 75% since mid-March, when the oil crisis started. https://www.shippingtribune.com/news/shipping/US+oil+production+expected+to+decline+once+most+shut-in+volumes+are+back+on+production