USCG: Ports without effective anti-terrorism measures
Actions required by vessels in US ports
Read moreActions required by vessels in US ports
Read moreOne mistake after another may be the cause of the explosion on BW Offshore's FPSO Cidade de São Mateus
Read moreUSCG released a statement to remove confusion and correct misinformation concerning new regulations on the ROUPV credential
Read moreThe ITF held concerns for Chevron's management of Gorgon LNG project evacuation procedures
Read moreLloyd's Register issued newGuidance Notes for the Calculation of Probabilistic Explosion Loads provide recommended practices to help engineers, operators and designers to define blast and explosion loads to control and mitigate risk measures in offshore operations.The new Guidance Notes for the Calculation of Probabilistic Explosion Loads provide information on how to establish explosion loads based on probability considerations of different operating oil and gas scenarios.To maximise safety in offshore operations, structures and equipment that could be subjected to blast pressures need to be designed for accidental blast loading. This approach by Lloyds Register allows for a detailed examination and assessment through a range of probabilistic risk assessment techniques, which help companies to predict possible explosion scenarios.Joar Dalheim, VP Technology at Lloyds Register Energy said: By using these Guidance Notes with our Rules for Offshore Units, companies can simplify and streamline their design appraisal process to give them a fast and highly cost-effective solution.A wide variety of measures can be used by companies operating offshore to prevent, control and mitigate the effects of explosions. Whilst the emphasis should always be on explosion prevention (e.g. through prevention of leaks or elimination of ignition sources), the possible accumulation and ignition of a flammable...
Read moreLloyd's Register has published the latest issue of Horizons magazine
Read moreBIMCO Terms 2015 provides the industry with terms and conditions for the purchase and delivery of marine fuels
Read moreLOWER OIL PRICE IS GOOD FOR CRUDE OIL TANKERS
Read moreThe Drewry All Earnings Index, which covers the main bulk shipping markets, jumped 53% in October to stand at 200 points on account of large gains for tanker owners, according to theShipping Insightreport published by shipping consultancy Drewry.Suezmax tankers registered a remarkable 400% gain on West Africa-US East Coast routes as oil prices slid and demand for imported oil picked up in the US. Meanwhile, in other bulk shipping sectors activity was subdued.The recovery in October earnings followed two consecutive months in which the index slumped 32%, caused by declining earnings by tanker and LPG owners (see graph above). The index is an average of time charter earnings for dry bulk, tankers and LPG markets, weighted according to estimated market share."Near term, activity will remain strong in the tanker market on a seasonal increase in crude demand," said Drewry's lead bulk shipping analyst Rahul Sharan."However, looking further ahead supply disruptions associated with civil unrest in Iraq and Syria, as well as slackening economic growth in China risk adversely impacting cargo demand."LPG rates had a volatile month, with the Baltic Index reading for very large gas carriers (VLGCs) on the Arabian Gulf-Japan route slipping US$5 per tonne over the month to...
Read moreThe annual Tripartite meeting between shipowners, shipbuilders and classification societies was held in Shanghai on 30 and 31 October 2014
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