Kongsberg Contracted to Support FLNG Conversion
Keppel Shipyard in Singapore and Black & Veatch in the U.S. have awarded Kongsberg Maritime an order for the delivery of an electrical package and safety and automation system for Golar LNG’s conversion of the ex-LNG Carrier Golar Hilli to an FLNG (Floating Liquefied Natural Gas production unit). Kongsberg Maritime’s technology will be the backbone of the Integrated Control and Safety System (ICSS) for the new FLNG.
Statoil Awarded Licenses Offshore Nicaragua
Statoil informs it was today awarded four licenses offshore the Nicaraguan Pacific, covering an area of about 16,000 km2 in the largely unexplored Sandino Basin. Statoil will be the operator with 85 percent equity with the Empresa Nicaraguense del Petroleo (Petronic) participating with the remaining equity. Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere…
Crowley to Manage 4 Jones Act Ships for Pasha
Crowley Maritime Corp.’s ship management group has been awarded a new contract with Sunrise Operations LLC, a subsidiary of The Pasha Group, of San Rafael, Calif., for the operation, crewing and maintenance of four Jones Act ships operating between the U.S. West Coast and Hawaii. The news follows the recent announcement that Pasha Hawaii, a wholly owned subsidiary of The Pasha Group, a family-owned global logistics company…
Matson Completes Horizon Lines Acquisition
Matson, Inc. has completed the acquisition of Horizon Lines, Inc. which includes Horizon's Alaska operations and the assumption of all non-Hawaii business liabilities. Separately and immediately preceding the completion of the transaction, Horizon completed the sale of its Hawaii trade lane assets and liabilities to The Pasha Group for $141.5 million. Matson acquired the stock of Horizon for $0.72 per fully diluted common share…
US Oil Contango Vanishing as Supply Glut Shifts Abroad
The U.S. oil market is on the brink of returning to a more bullish footing known as backwardation for the first time in six months, with the discount for prompt…
Mexico Removes Bid Limit on Shallow Water Oil Tenders
Mexico's oil regulator voted on Friday to relax previously established rules on bidding terms and contracts that form the first step in an historic sector opening…
Wärtsilä Acquires L-3 MSI
Wärtsilä Corporation announced that its acquisition of the Germany based L-3 Marine Systems International (MSI) has been finalized and control of the company will…
New Power Optimization Solution for LNG Carriers
South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME) and NAPA, a maritime software, services and data analysis provider, now offer a tailored NAPA-DSME Power solution for LNG carriers built by DSME. According to the developers, the specialist solution aims to ensure transparent and accurate measurement of performance and efficiency aboard LNG carriers, including measurement of boil-off to provide a full 360° view of the operation of these vessels.
BWTS Newcomer Sees Early Success
Norwegian manufacturer of ballast water treatment systems MMC Green Technology reports it has sold more than 70 systems since going commercial with its MMC BWMS two years ago, 40 of which have already been installed on board vessels worldwide, the company said. “With 40 systems installed, we are starting to get feedback from the operators,” said Børge Gjelseth, sales and marketing director at MMC Green Technology. The company said there is more to come.
Chile Customs Strike Ends After 8 Days
A customs strike in Chile that had held up exports and imports for over a week has ended after the union said on Friday it had come to an agreement with the government.
Vale to Ship Coal Along Mozambique Nacala Corridor
Brazilian miner Vale SA plans to start exporting coal along the Nacala rail and port corridor in Mozambique and Malawi in the third quarter after heavy rains damaged the rail line…
Neptune Orient Lines Sells Logistics Business
Neptune Orient Lines Limited (NOL) announced that it has completed the sale of its logistics business, APL Logistics Ltd (APLL), to Kintetsu World Express, Inc. (KWE) for an aggregate purchase price of $1.2 billion, subject to adjustments for the net cash and net working capital of APLL and its subsidiaries as at the completion date. NOL said it will announce the final purchase price after such adjustments have been determined.
IRS Moves Closer to Tokyo MOU's High Performers
The Tokyo Memorandum of Understanding has positioned the International Register of Shipping (IRS) closer to the higher ranking achievers on its performance list…
Study Targets Improved Subsea Mattress Salvage
Independent multi-discipline subsea engineering and training firm Jee Ltd. has completed a contract with Decom North Sea (DNS), the representative body for the decommissioning industry, to identify methods of salvage and re-use options for concrete subsea mattresses. The aim of the project, which commenced in February 2015 and saw Jee partner with DNS and Zero Waste Scotland (ZWS), was to identify…
SFL Adjusts Charter Agreement with Frontline
Ship Finance International Limited (SFL) announced that it has entered into a heads of agreement to amend the long-term chartering agreements with Frontline Ltd. The company currently has 17 vessels on charter to subsidiaries of Frontline, with an average remaining charter term of nearly eight years. The new agreement will take effect from July 1, 2015 and will be a combination of reduced long-term base rates, increased profit split and an ownership share in Frontline.
Raytheon Anschütz Expands US operations
Raytheon Company announced the launch of its new subsidiary, Raytheon Anschuetz USA LLC, located in San Diego, Calif. According to the company, Raytheon Anschuetz…
Mass. Maritime Taps McDonald as New President
EVP Fran McDonald tops a field of five; choice still must be approved by Massachusetts Board of Higher Education. Pending a confirmation vote by the Massachusetts Board of Higher Education (BHE)…
Panalpina Acquires Egyptian Agent Afifi
Switzerland-based supply chain solutions provider Panalpina is to acquire its Egyptian agent Afifi, a family-owned company specializing in freight forwarding, customs clearance and logistics. The move is an important step in Panalpina’s continued strategic expansion in growth economies, in particular in the Middle East and Africa, the company said. Afifi has been Panalpina’s agent in Egypt for the last 20 years.
Design & Operation: Wind Farm Support Vessels
Offshore wind farm development has been led globally by the UK, followed by Germany. Both countries have governments with long term commitments to renewable energy. Denmark, Belgium and The Netherlands are building wind farms, but they are a long way behind the leaders in offshore wind. In 2014 the UK accounted for over 50% of all the offshore wind energy generated globally. All of these countries border the North Sea…
New Ship Continues Atlantic Offshore's Fleet Modernization
Atlantic Offshore Rescue will unveil the third new vessel in the past 12 months as part of its fleet modernization program, representing an investment totaling $458 million. Ocean Falcon, a new Class A Multi Role and Emergency Response and Rescue (MRV/ERRV) vessel, is to be christened at a ceremony at Aberdeen harbor before commencing a contract with a major U.K. operator. Atlantic Offshore Rescue will provide emergency recovery…
