Marlink's €622m Dividend Recapitalization Loan Pulled
A €622m-equivalent dividend recapitalization and refinancing loan for Norwegian satellite navigation group Marlink has been withdrawn from the market, sources familiar…
MarineLink's Photo of the Week
View from the top of the crane to the bow and opened hatches at sunrise.Herbert Boettcher worked out the photo on a heavy lift vessel during his trip through Europe, the Asian part of Turkey and his passing the Suez Canal. He flew back home from Egypt. Today, this vessel sails with the Name Maple Lotta. Boettcher started with his worldwide long-time project Seamotion in 2004. Boettcher is a German…
Stena Inks Order for Two Additional E-Flexer Ships
Ship owner Stena said it has decided to exercise its option to order its seventh and eighth E-Flexer vessels from Avic Weihai Shipyard. The two new vessels will be deployed within Stena Line’s route network with a planned delivery in 2022.Additionally, Stena RoRo has taken an option on the construction of a further four E-Flexer vessels that would also be built at the same Chinese shipyard.Niclas Mårtensson…
MODEC Secures FPSO FEED Contract
MODEC, Inc. subsidiary MODEC International Inc. has been awarded a contract by ConocoPhillips Australia, as operator of the Barossa joint venture, for the Front…
Royston Completes FPSO Engine Overhaul
An engineering team from power specialist Royston has completed the overhaul of engines on a floating production storage and offloading (FPSO) vessel, operated by Bluewater Services.Engineers undertook the 16,000-hour service on the Wartsila W6L46 diesel engines onboard the 252m, 103,000 DWT Samsung built Haewene Brim, as part of a comprehensive refurbishment and refit of critical fuel and power systems.The…
IMO DCS Regs: A Game-Changer in Shipping
Weather critical to fulfilling IMO DCS potential and boosting shipping’s sustainability says StormGeoStormGeo believes the upcoming IMO DCS (Data Collection System) regulation can be a game-changer for shipping – enabling a more environmentally and commercially sustainable age of operations. However, according to the global leader in weather forecasting and maritime decision support services, vessels…
CMA CGM Selects BIO-SEA BWMS for 17 Containerships
CMA CGM, one of the world’s largest container carriers with a fleet of 454 vessels, has contracted France-based BIO-UV Group to supply its BIO-SEA ballast water treatment systems to 17 containerships, including newbuilds and retrofits.Nine liquefied natural gas (LNG) fueled 22,000TEU vessels currently under construction at China’s CSTC Shipyard will each be fitted-out with two 3,000m3/h capacity BIO-SEA B 10-1500 FX units…
The Jones Act is Good for Puerto Rico -Report
After Hurricane Maria struck Puerto Rico with devastating force on September 20, 2017, a number of news reports claimed that the Jones Act had severely damaged the Puerto Rican economy, both over time and in the immediate aftermath of the storm. Now a new report examining the role of the Jones Act shipping industry before, in the immediate aftermath of and in the months that followed the hurricane…
Austal Opens San Diego Office
The United States’ fifth largest shipbuilder Austal USA has opened a new operations office in San Diego on Wednesday, in a move that aims to improve existing local support capabilities to the U.S. Navy’s Littoral Combat Ships (LCS) and Expeditionary Fast Transports (EPF) programs.“Today’s opening is a direct reflection of the company’s commitment to provide the U.S. Navy, not only exceptional ships…
World’s First High Temperature Accelerometer Unveiled
Kistler has introduced what it says is world’s first high temperature accelerometer for the monitoring of gas turbines. Designed for long-term use at up to 700° C, the piezoelectric sensor – made in Switzerland – is not pyroelectric and does not show any popcorn effect, offering manufacturers and operators of gas turbines new options for monitoring the combustion stability.The efficient and secure operation of gas turbines relies upon stable combustion processes.
Petrobras Output in Campos Drops to Lowest Level in 17 Years
Oil production by Brazilian state-led Petroleo Brasileiro SA in the Campos basin fell 1.4 percent in June over the previous month to 1.042 million barrels a day, its lowest level since 2001, as mature fields decline, according to company data.Output has dropped 15.8 percent in 12 months due to the ageing of fields off-shore from Rio de Janeiro and Espirito Santo that account for almost half of the crude pumped by Petrobras.
Jan De Nul’s Green Hopper Dredger Launched in China
The 3,500 m³ trailing suction hopper dredger (TSHD) Diogo Cão was launched last Saturday at the Keppel Nantong shipyard in China, a subsidiary of Keppel Offshore & Marine. The green vessel is the second of three 3,500 m³ hoppers to be launched, equipped with an exhaust gas treatment system filtering out and virtually eliminating many pollutants from the exhaust gases. In total, Jan De Nul Group ordered six such ultra-low emission TSHDs…
Vietnam Orders Vessels Back to Port ahead of Tropical Storm
Vietnam has ordered vessels back to port and prepared evacuation plans in flood-prone northern provinces as tropical storm "Son Tinh" was expected to make landfall later on Wednesday.Son Tinh, which soaked parts of the Philippines on Tuesday, had reached sustained wind speeds of up to 90 km (56 miles) per hour, the National Centre for Hydro-Meteorological Forecasting said in a statement on Wednesday.The…
For the Global LNG Industry, is the FSRU Honeymoon Over?
A giant vessel docked at the port of Moheshkhali in Bangladesh two months ago, propelling the populous but poor nation into the fast-expanding club of liquefied natural gas (LNG) buyers.The Excellence is the latest floating storage and regasification unit (FSRU), a type of carrier that has proliferated since 2015 as many countries switch to a cleaner and increasingly cheaper fuel than oil and coal.But…
Spanish LNG Cargoes Set for Export from Gas Terminals
The following table lists liquefied natural gas (LNG) cargoes set to be loaded on tankers for onward export.Spain is Europe's most diversified gas importer and has the continent's biggest LNG import capacity spread across its six terminals, sourcing LNG from Qatar, Nigeria, Trinidad, Algeria and other producers.Imported cargoes are stored in tanks located at terminals, where the LNG can either be regasified and pumped into the local grid or loaded on to new tankers for export.PortLoading window
Vitol Invests in Coal-to-oil Venture as Shipping Fuel Rules Loom
Energy trader Vitol and coal miner Peabody Energy are partnering with start-up Arq to turn coal waste into a low-sulphur oil product that could be an alternative fuel for shippers as new U.N. pollution rules loom, the companies said in a statement.Global oil and shipping companies are looking at any and all options to avoid becoming a casualty of the major market dislocations that the new standards will create when they come into effect in 2020.The U.N.
Stena Bulk Grows Sonangol Suezmax Pool
Over the last six months, Stena Bulk has expanded its fleet in the Sonangol Suezmax pool with the addition of six Suezmax tankers: SKS Skeena, Istanbul, Almi Galaxy, Almi Voyager and Almi Sky. The TC in fleet consists of modern tonnage of varying length and with different options.“In what has generally speaking been a stable low market, we have recently seen opportunities to utilize our business model in the current market,” said Erik Hånell, president and CEO, Stena Bulk.
BW LPG Nominates Three Directors to Dorian LPG Board
Dorian LPG confirmed that Oslo-based BW LPG BW LPG has submitted the names of three director candidates to stand for election at Dorian's 2018 Annual General Meeting of Shareholders.
Transocean Signs 11 Well Contract with Chevron Australia
The international provider of offshore contract drilling services for oil and gas wells Transocean announced that the ultra-deepwater semisubmersible GSF Development…
NYK Auto Logistics Pact with Adani Logistics
NYK Auto Logistics India (NALI), an NYK Group company, signed an agreement with Adani Logistics(ALL) to form a joint venture that specializes in the transportation…
