Tokyo-headquartered K-Line reported Friday that it had decided to dissolve its Norwegian-based subsidiary K-Line Offshore, sell its vessels and take a total extraordinary loss of approximately JPY 17 billion (almost $150 million).
The Biden administration today complied with a court order and held a Gulf of Mexico oil and gas lease sale it had tried to cancel. According to the Bureau of Ocean Energy
The Offshore Marine Service Association (OMSA) has released its second report made to U.S. authorities under its Jones Act Enforcer program. Sent to Rear Admiral John W. Mauger. Assistant Commandant for Prevention
Australia’s Fortescue Metals Group plans to have a vessel operating on green ammonia at sea by next year. The news was announced yesterday in an address at the COP26 Transport Day by
Long a symbol of fossil-fuel production, offshore platforms could gain a new green image as the result of two landmark joint development projects announced on the sidelines of the COP26 conference by
Jackson Offshore Operators LLC is growing its platform supply vessel (PSV) fleet with the acquisition of the M/V Storm. Once it has completed regulatory requirements, the vessel will commence a five-year contract
Island Offshore reports that its LNG battery-hybrid PSV Island Crusader has become the first offshore vessel on the Norwegian shelf running on biogas, resulting in immediate and significant net reductions in CO2
After five years of market consultation, research, design, engineering and construction, the first of Damen’s ground-breaking Fast Crew Supplier (FCS) 7011 class has completed its sea trials off the Turkish coast and
Norway’s Siem Offshore today reported that it has signed contracts to fit an additional three vessels with battery packages. For one of its subsea construction vessels that has work lined up in
The Offshore Marine Service Association (OMSA) has announced the formation of the OMSA Workforce Development Committee and requested that its members nominate professionals to the committee. Like much of the international maritime