Torrent Power Seeks 38 LNG Cargoes
Indian private-sector power utility Torrent Power is seeking 38 cargoes of liquefied natural gas (LNG) for delivery over four years beginning April 2017, in what…
Sembcorp Marine Swings to Loss in Q3
Singapore's Sembcorp Marine Ltd swung to a loss in the third quarter and the rig builder's revenue was hurt by customers deferring rig deliveries amid a protracted downturn in the oil and natural gas market. The company posted a net loss of S$21.8 million ($15.7 million) for the three months ended Sept. 30, compared with a net profit of S$32.1 million a year ago. It said the bottomline was hurt by higher financing costs, share of losses from associates and foreign exchange impact.
Oil to Water: Impala Tugs Undergo Conversion
The first four of 15 Impala Terminals Colombia-operated tug/tow boats have been converted from oil to water-lubricated tailshaft bearings. Impala Zambrano, the first of 15 triple-screw and twin-screw push boats scheduled for oil-to-water conversion, was retrofitted in July 2015 with a Thordon RiverTough bearing and TG100 shaft seal combination. Three triple-screw and one twin-screw pusher vessels have…
Mediterranean Three Times More Deadly Than 2015
The death toll on the Mediterranean has nearly matched that of all last year, with more than 3,740 migrants and refugees having drowned on their way to Europe, and perilous winter months still to come, aid agencies said on Tuesday. Smugglers are now sending thousands of people on flimsy inflatable rafts from Libya to Italy in mass embarkations, perhaps to lower their own risks of being caught, but also complicating the work of rescue teams, they said.
Dredger Delivered on Record Timeline
On Monday, September 19, a Damen CSD450 started winning sand at the Frisian motorway project contractor Van der Lee is working on, just days after the sales contract was signed the previous Thursday. The stock dredger was prepared for transport on Friday and towed to the north of the Netherlands over the weekend, so that it could make a flying start on the Monday. The stationary dredger, type CSD450, is a standard Damen dredger.
Statoil Cancels Rig Contact
Statoil decided to cancel the contract with Stena Drilling for the mobile rig Stena Don. The rig has been on contract to Statoil since February 7, 2014, performing operations for the Troll and Fram licences. The original contract termination date is February 7, 2017. The cancellation will take effect after the plugging activity on the Troll field has been completed, in early November. After this, Stena Don was committed to the Fram licence.
Sembcorp Marine Posts Q3 Loss
Singaporean rig builder Sembcorp Marine Ltd. posted a loss in the third quarter, hurt by higher financing costs and a fall in orders due to weak oil prices. The…
Costamare Defers Newbuild Vessel Delivery
Athens-based containership owner Costamare Inc. pushes back 11,000-teu newbuildings into 2017 as it reports strong third quarter figures which topped Wall Street expectations.
Team Navy Sailors Impress at Bathurst
Australian Navy made its mark in the sky and on the ground at this year’s Supercheap Auto Bathurst 1000 supercars race. Building on the year-round Team Navy technical…
Moody's: Ratings of Overseas Shipholding on Review for Downgrade
Moody's Investors Service, has placed the ratings of Overseas Shipholding Group, Inc. (OSG) under review for downgrade, including its B2 corporate family and Caa1 senior unsecured ratings…
IMO Climate Change Moves on Agenda
International Maritime Organization (IMO)’s Marine Environment Protection Committee (MEPC 70) is this week discussing proposals to adopt a mandatory regulation for…
Sagarmala: Revolutionizing Logistics Through Port Led Development
Sagarmala, the ambitious program for ‘Port-led development’ in the country is all set to change the logistics sector performance by optimizing India’s logistics modal mix.
Future Unmanned Naval Systems for MMCM Program
Thales, BAE Systems and their partner SAAB, ECA Group and ASV Global welcome the confirmation by the Organization for Joint Armament Cooperation (OCCAR) that the…
Intermodal terminal moves to Gothenburg Port
Plans are in place to move the freight terminal currently located in the central city of Gothenburg to the Port of Gothenburg. The switch will allow a higher proportion…
DP World Volume Up 2.2%
DP World Limited handled 47.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2016…
Rotterdam Port Throughput Slips
Compared to the excellent first three quarters of 2015 (+5.4%), cargo throughput in the same period this year fell by 1.9%. The decrease was particularly strong in coal and iron ore.
MPI Resolution’s Leg Extensions Raises Capabilities
MPI’s wind-turbine installation vessel (WTIV), MPI Resolution, is currently undergoing installation of leg extensions at the company’s Tees Offshore Base in Middlesbrough, UK.
Wood Group Bags Hibernia Deal
Wood Group has secured a five year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland…
Adani Ports PAT Grows by 61%
Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and the logistics arm of Adani Group, today announced another stellar operational…
C&C Marine and Repair Delivers Double Skin Tank Barge
The Shearer Group, Inc. (TSGI) announced the completion of a 200’ x 35’ x 12’ double skin tank barge. TSGI was contracted by C&C Marine and Repair, LLC to provide contract design services. The barge is the first of a series of double skin tank barges that will be built by C&C Marine. It is a flush deck barge with externally framed tanks and classed as a Subchapter O, USCG, acid barge.
