Malaysia upstream a ‘saviour’ for regional OSV owners

MSI’s Gregory Brown states that utilisation of floating drilling rigs (semi-submersible and drillships) is expected to rise over 70% in 2020. Jack-up rig utilisation is now climbing to more than 65%, statistics have shown. He foresees utilisation for anchor-handlers and PSVs will rise to 60% in 2020, a rise from 50% in 2017-18. Read more

Malaysia upstream a ‘saviour’ for regional OSV owners

Decarbonization of shipping in 2050: More needs to be done, and quicker, says report

Unless action is taken quickly, the shipping industry will not meet the IMO 2050 decarbonisation target, say experts from classification society DNV GL in the recently launched “Maritime Forecast to 2050.” Adam Kent states in the EFT, “There isnt one solution that will solve the IMO 2050 puzzle, it will be a combination of a number of solutions and a number of ways of looking at the market.” Read more

Decarbonization of shipping in 2050: More needs to be done, and quicker, says report