Lenders to shipping are increasingly considering climate performance when setting loan margins, a study has found. However, their focus remains on the corporate level rather than the asset level, potentially limiting their ability to mitigate transitio…
Shipping lenders’ climate risk exposure Read More »
Am ailing mariner was medevaced from an oil tanker 9 miles off Freeport, Texas, Tuesday, the U.S. Coast Guard said.The agency said its watchstanders at Coast Guard Sector Houston-Galveston received a medevac request at 3:50 p.m. from a crew…
Video: Crewmember Medevaced from Oil Tanker Off Texas Read More »
U.S. Gulf of Mexico energy firms on Friday were lumbering back from hurricane disruptions as offshore oil and gas producers ramped up operations after halving the key energy region’s output, ports reopened, and onshore terminals accepted oil…
US Offshore Oil Production Reawakens in Wake of Hurricane Francine Read More »
Ocean Group announced it is adopting HVO (Hydrotreated Vegetable Oil) renewable diesel fuel for all of its port towing operations.Made from renewable sources, including vegetable oils, residues of plant or animal origin, and used oils such as those der…
Ocean Group Switching to HVO Fuel for Port Towing Operations Read More »
Fifteen crew members have been rescued from an offshore supply vessel (OSV) that went up in flames off the coast of South Africa.The fire reportedly broke out and grew out of control in the messroom aboard the Marshall Islands registered vessel AM Prid…
Crew Rescued from OSV That Caught Fire Off South Africa Read More »