Subsea 7 Bags Contracts Offshore Norway
Subsea 7 S.A. said it was awarded a contract from Statoil for the Johan Castberg field development, located 240 km from Hammerfest in Norway. The contract comprises the design…
Maersk Drilling Axes Dozens of Staff
Maersk Drilling USA is laying off 84 employees who work aboard the Maersk Viking (UDW drillship), located in the Gulf of Mexico, and report directly to the company’s office in Houston…
Hutchison Ports BEST Upgrades Cranes
Hutchison Ports BEST terminal in Barcelona has increased its ability to handle the world’s largest container ships by increasing the height of three ship-to-shore…
GAC LNG Services Bags Contract from Tellurian
Tellurian Inc. has awarded GAC LNG Services a contract to provide voyage management services for its first liquefied natural gas (LNG) carrier, the ‘Maran Gas Mystras’.
Biodegradable Lubricants Under Spotlight
Thordon Bearings has welcomed an industry initiative to evaluate the effect of biodegradable lubricants on sterntube bearings following a reported marked increase…
ITOPF: Two Large Tanker Oil Spills in 2017
The International Tanker Owners Pollution Federation (ITOPF), which maintains a database of oil spills from tank vessels, recorded two large spills (>700 tonnes)…
Intermodal Terminal to Come Up in Uttar Pradesh
Inland Waterways Authority of India (IWAI) will construct Intermodal Terminal at Uttar Pradesh's Ghazipur and will be linked to both National Waterways-I (NW-1)…
DNV GL Alliance for Offshore Wind Energy Development in Vietnam
Singapore-based Enterprize Energy and partner Renewable Energy Global Solutions (REGS), together with PetroVietnam consortium comprising Petroleum Equipment Assembly…
IMO: Mooring Matters
International Maritime Organization (IMO) is working to prevent accidents and injury when ships are secured at their berth in a port. A revised SOLAS regulation…
Taking the Plunge into Digital
It’s a matter of when – not if. Digital is with us, and while many industries have embraced its potential, there is still some reticence in the shipping sector to take the plunge. Norwegian navigation expert Nautisk has rethought its entire product offering to embrace digital, so what have they learned? Nautisk’s head of marketing, John Dawson, explains. Nautisk has been a specialist chart agent for more than 100 years…
Hempel Launches New Hull Performance System
Coatings manufacturer Hempel has rolled out its new Systems for Hull and Propeller Efficiency (SHAPE), which combines elements of hull and propeller efficiency optimization to deliver advice and solutions for ship operators. SHAPE is designed to maximize the quality of performance analysis and to offer expert advice for maximizing hull efficiency and return on investment. Fouling and mechanical damages on the hull can increase the engine power a vessel needs by up to 20 percent.
Lamprell Sees Full-year Revenue at Low End of Guidance
British oil rig builder Lamprell sees full-year revenue slipping to the bottom of its guidance range because of stagnant oil sector investment and losses at a windfarm project, it said on Wednesday, sending its shares sharply lower. The company said that total losses on its East Anglia One (EA1) offshore windfarm project would be about $80 million because of mounting costs for unplanned staffing and equipment requirements.
Cargo Vessel Refloated after Grounding off St. Thomas
A 223-foot cargo vessel that ran aground Tuesday morning near Charlotte Amalie Harbor in St. Thomas, U.S. Virgin Islands has been refloated, according to local responders. The Togo-flagged vessel Ocean Spirit I grounded just off of the entrance of the harbor’s East Gregory Channel while reportedly transporting more than $1 million of cargo from St. Thomas to Puerto Rico, including six huge propane trailer trucks, automobiles, lumber and food.
US Soy Cargo to China Traded Using Blockchain
A cargo of U.S. soybeans shipped to China has become the first fully-fledged agricultural trade conducted using blockchain, participants said on Monday. Louis Dreyfus Co, Shandong Bohi Industry Co, ING, Societe Generale and ABN Amro took part in the trade where the sales contract, letter of credit and certificates were digitalised on the Easy Trading Connect (ETC) platform. "We noticed very significant efficiency gains ...
A 'Ferry' Good Year
New routes, new challenges and plenty of newbuilding as 2017 gives way to the New Year. A year ago, the maritime industry could be found clinging to the edge of their seats to see what the coming year had in store. 2017 was set to be a telling year and indeed it was. With the elections finalized, the political impact, if any, was sure to be seen. While fuel prices have remained low and continuing to hamper the offshore workboat market…
Capesize, Panamax Rates Push Baltic Index Higher
The Baltic Exchange's main sea freight index rose on Wednesday for the third straight session, supported by firmer rates for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, gained 43 points, or 3.72 percent, at 1,200 points. The capesize index climbed 151 points, or 9.9 percent, at 1,676 points. Average daily earnings for capesizes…
Eni Halts Drilling in Rosneft-led Offshore Project Over US Sanctions
Italian oil and gas group Eni has suspended drilling in the Black Sea in a Rosneft-led offshore project because of U.S. sanctions, the company's chairwoman said on Wednesday.
NASA, US Navy Practice Spacecraft Recovery at Sea
A joint team of NASA and U.S. Navy personnel are testing new equipment and practicing procedures for recovering astronauts that have splashed down in the ocean upon returning from space travel. NASA’s deep space exploration systems will send a crew through space at 25,000 miles per hour, travelling some 40,000 miles beyond the Moon before coming back home. When returning to Earth, the Orion spacecraft will slow to a mere 300 mph as it passes through the Earth’s atmosphere…
Polarcus Awarded 4D Project in Asia Pacific
Marine geophysical company Polarcus Limited said it has received a letter of award for a 4D marine seismic acquisition project in the Asia Pacific region. The project is due to commence in the first quarter of 2018 and will run for approximately one month. A Polarcus spokesperson said the company could not share further information around the project. Following this award the Polarcus’ active fleet is 100 percent booked for the first quarter.
Motus Technology to Deliver Equipment to Crab Catcher Fishing Vessel
Norwegian crane specialist Motus Technology said it will deliver a full range of deck and handling equipment to new crab catcher fishing vessel being built for JSC Articservice. “We have signed a contract with Tersan Shipyard in Turkey for delivery of a full range of deck and handling equipment to a new crab catching vessel for Russian owner JSC ArticService, who is one of the leading fishing companies in Russia,” said Ole Kristian Varhaugvik, VP Sales at Motus Technology.
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