Even as containership operators across the board report softening demand, new tonnage continues to enter the market. BIMCO’s chief shipping analyst, Niels Rasmussen, reports that new containership deliveries in the first seven months of the year reached a new record high of 1.2 million TEU beating the previous record by 0.2 million TEU. 

Source: MarineLog

Oil prices fell slightly on Thursday, with Brent crude holding close to January highs, as speculation about another U.S. interest rate hike faded following inflation data and OPEC remained positive on the oil demand outlook.
Source: Reuters

Navy says destroyer deal helps two yards boost capacity at best pace.

This episode with Subsalve founder Richard Fryburg addresses the rich history of Subsalve and the role they have played in helping the ADCI make lift bag operations safer.

President Luiz Inacio Lula da Silva’s government is moving toward allowing Brazil’s state-run oil company to survey an ecologically sensitive offshore region, a decision that threatens to overshadow a major environmental summit and feed a festering dispute in his administration.
Source: Rigzone.com

Norway-based DOF Group on Monday announced it has been awarded a contract for one of its vessels offshore West Africa.

Talos Energy Inc., Houston, will send oil and gas from the Sunspear discovery to its recently acquired Prince platform, adding production to its US Gulf of Mexico operations with first oil expected in 18-24 months.
Source: Oil & Gas Journal

To get underwater repair and salvage missions done faster and safer, the Navy is testing a new deep-water suit reminiscent of Iron Man.
Source: Defense News

The methanol-ready battery hybrid commissioning service operation vessels (CSOVs) recently ordered at Vard by U.K. based Purus Wind will have Brunvoll propulsion and maneuvering packages.
Source: Marine Log

Santa Barbara, California, is home to HDS Deepwater Diving Monument commemorating super stars in commercial gas diving. The Superlite® diver statuettes are available now and are selling quickly. For purchasing information, go to www.deepwaterdivingmonument.com. Payment plans are also available there.