Arctic island access dispute sees Russia threaten retaliation against Norway

Russia has said that restrictions imposed by Norway had been blocking the supply of goods to Russian-populated settlements on the Arctic archipelago of Svalbard. On June 29th it threatened unspecified acts of retaliation unless the issue was resolved by Norway. Svalbard is part of Norway, but Russia has the right to exploit the archipelago’s natural…

Norwegian Sun curtails cruise after hitting ice in Alaska

Norwegian Cruise Line has decided to curtail one of its cruises after the Norwegian Sun (IMO 9218131) hit ice over the weekend of June 25th/26th while travelling in Alaska. The vessel suffered unspecified damages that have forced the ship to skip ports on its current cruise and to cancel its next cruise, so that it…

Potential $3m loss from 30mm hole in oil tank

An oil spill occurred on June 17th from offshore processing ship Montara Ventur (IMO 8714982) at the Jadestone’s Montara field during a crude oil transfer between two tanks on the FPSO, forcing the company to shut down the production from the offshore field. Oil was observed on the surface of the sea adjacent to the…

US authorities make checks on oil tanker arrived from Russia

US authorities have prevented a tanker from unloading in New Orleans what they said Russian oil, the Wall Street Journal reported on Tuesday June 28th. The vessel was later identified on one site as being the Daytona (IMO 9528043) US authorities confirmed to Reuters that they had stopped an oil tanker traveling from Russia to…

EC backs Norway’s offshore oil and gas industry

The European Commission has executed a rapid change in energy policy and is now expressing strong support for offshore oil and gas E&P off Norway. Although the EU is a major consumer of oil and gas it has over past years not encouraged further exploration and production. The EC in particular has emphasized the bloc’s…

Uninsured Black Sea gas platform launched off Romania

A new Black Sea offshore gas platform was officially launched off Romania on Tuesday June 29th, reportedly uninsured and uncovered for war risk, reports Reuters. The project by Black Sea Oil & Gas (BSOG), controlled by US private equity firm Carlyle Group LP CG.O, is Romania’s first offshore Black Sea development in three decades. BSOG…

FMC launches initiatives to improve ocean supply chain

The US Federal Maritime Commission has announced three new initiatives that will aim to assist US shippers and improve performance in the ocean supply chain. The new initiatives were the result of the multi-year fact-finding investigation led by commissioner Rebecca Dye into issues in the international ocean supply chain stemming from the Covid-19 pandemic. In…

Cruises from Singapore to Indonesia to resume in July

From July 1st the cruise ship Genting Dream (IMO 9733105) will be sailing under the Resorts World Cruises name on two-night trips to Bintan and Batam. The cruise ship will also do three-night trips from Singapore to Kuala Lumpur and Melaka via Port Dickson and to Penang from July 3rd. “Resorts World Cruises will be…

Syndicate results 2021 #49 Hamilton (in Run-off) 3334

The Lloyd’s syndicates have now published their results for 2021 and, in some cases, added detail and an outlook for 2022. Some have stuck to the bare bones. As last year, IMN is summarizing the results from all syndicates that have a marine interest, which have provided some information on the marine side. Run-off Manager    …