Japan's MOL Acquires Nordic Tankers
Japanese shipping giant MOL's Chemical Tankers unit has agreed to take full control of Triton-owned Nordic Tankers. The deal expected to close in February 2019.Denmarkā¦
dāAmico Tankers Signs Sale and Leaseback Deals for New Tanker
The marine transportation company operating in the product tanker market dāAmico International Shipping (DIS) has secured a first in the Japanese market, signingā¦
TEN WIns Three Year Charter for Two Product Tankers
Greek shipping company Tsakos Energy Navigation (TEN) announced 36-month long charters with min/max provisions for two product tankers to a major oil concern.At a minimumā¦
Costa Rica Accedes to SAR Treaty
International search and rescue plans are crucial, so that, no matter where an accident occurs, the rescue of persons in distress at sea can be coordinated successfully.Theā¦
Shipbuilding: French, German Intervention Upsets Italy
Italian Deputy Prime Minister Matteo Salvini attacked France and Germany on Tuesday over their role in a European Union investigation into a planned merger involving Italian shipbuilder Fincantieri."What has happened is extremely serious, France and Germany behaved wrongly.
New Guidance on DP Systems
The International Marine Contractors Association (IMCA) announced Tuesday it has completed its existing guidance on dynamic positioning (DP) with the newly published āGuidance to Identify DP System Components and their Failure Modesā (IMCA M 247).āUnexpected events that jeopardize station keeping integrity are regularly reported via the IMCA DP Station Keeping Report Scheme. This new IMCA guidanceā¦
ABS Opens New Headquarters
Classification society ABS on Tuesday held an official ribbon-cutting ceremony to formally open its new global headquarters in Spring, Texas.āThis is a significant milestone in our 157-year history and reaffirms our commitment to provide industry-leading safety and practical technology solutions for marine and offshore industry challenges,ā said ABS Chairman, President and CEO, Christopher J. Wiernicki.āAā¦
Towing Vessel Sinks on the Tennessee River
The U.S. Coast Guard said it is responding to a sunken towing vessel near mile marker 22 on the Tennessee River, Tuesday. The two crew members on board were ableā¦
VesselsValue Weighs in on 2019 Future Winners!
Overall, the outlook for shipping asset prices remains bright, but several areas are more attractive than others.The VesselsValue forecast takes many factors into consideration when assessing each vessel class and age. Today weāll look at some of the most appealing segments and the fundamental reasons why ships of this size are more likely to appreciate. Subscribers have access to a far more granular look at all ship types and agesā¦
Esvagt Turns to Vestdavit for High Seas Windfarm Boat-Handling
Vestdavit has reinforced its claim to be the davit supplier of choice for higher sea states after securing orders to equip three state-of-the-art Esvagt Service Operations Vessels (SOVs) destined to support windfarm maintenance in challenging North Sea conditions.Developed by Havyard Design & Solution and built by Havyard Ship Technology, the Esvagt trio will be delivered in 2020-2021. The constructionā¦
EU Will Review Planned French-Italian Shipbuilding Merger
The European Commission said on Tuesday that it would investigate Italian shipbuilder Fincantieri's planned acquisition of French counterpart Chantiers de l'Atlantique after France and Germany asked it to do so.The merged entity would not have a turnover high enough to require notification to EU regulators."However, the plan was notified for authorisation in France and Germany," the Commission said in a statement.It added thatā¦
China Bans Open-Loop Scrubber Discharge at 'Some' Ports
China's maritime authority has banned the discharge of "wash water" used in ships to strip hazardous sulphur emissions from engine exhaust gases from Jan. 1 for some ports, according to a government document reviewed by Reuters on Tuesday.The ban on water discharge from so-called open-loop scrubbers is part of an effort to prepare for International Maritime Organization (IMO) rules that will ban ships from using fuel oil with a sulphur content of more than 0.5 percent from 2020ā¦
Deadly Oil Tanker Fire near Hong Kong
An oil tanker caught fire in Hong Kong's southern waters on Tuesday, killing one crew member while at least 21 were rescued, police said, with witnesses reporting a loud blast that shook windows several kilometers away.Rescue operations were going on about one nautical mile south of Lamma Island."There are still some crew that haven't been saved," a police spokeswoman told Reuters. She was not immediately able to provide more details including the name of the tankerā¦
Boskalis Wins Subsea Work in the Middle East
Royal Boskalis Westminster N.V. (Boskalis) announced Tuesday it has signed a multi-year subsea services agreement for an unnamed customer in the Middle East. The base value of the three-year contract amounts to $40 million with an option to extend.Under the terms of the contract commencing, The Dutch company said it will carry out a broad spectrum of subsea inspection, repair and maintenance (IRM) servicesā¦
PGS Updates on Seismic Acquisition Contract in South America
Norwegian seismic player Petroleum Geo-Services ASA (PGS) updated on changes of the contract for the 3D survey in South America announced November 14, 2018.The vesselsā¦
Forum Bags Mojave ROV Deal
Oilfield products company Forum Energy Technologies said it has sealed a contract to supply a Mojave remotely operated vehicle (ROV) for the Norwegian firm ESEAā¦
Sentinel Marine Adds Three New Emergency Response and Rescue Vessels
UK-based offshore support firm Sentinel Marine has announced that it will create 80 new jobs by adding three multi-role ships to its fast-growing fleet.The Aberdeenā¦
Bunker One Expands to Germany
Denmark-based marine fuel supplier Bunker One has announced the establishment of a new physical bunker entity, serving the German market.Bunker Holding subsidiaryā¦
ABP, Peterson Sign Pact
The logistics and service provider to the offshore energy industry Peterson UK Limited has concluded a new long-term agreement with Associated British Ports Holdingsā¦
Boskalis Wins Scottish Offshore Windfarm Installation Contract
Dutch dredging and offshore contractor Royal Boskalis Westminster NV has signed an exclusive Pre-Construction Agreement (PCA) for the Inch Cape offshore wind farmā¦
