​Sverre Farstad Picks Up Blue King PSV
The new ship owning company Sverre Farstad & Co has taken ownership of a 2016-built platform supply vessel (PSV), marking a return for the Farstad name in the Norwegian offshore sector.Farstad was one of the parties behind the June 2017 three-way merger of Norwegian ship owners Solstad Offshore, Farstad Shipping and Deep Sea Supply. The new company had been called SolstadFarstad, but the Farstad name…
“Cautious Optimism” for Goltens Dubai
The global downturn in offshore energy is well recorded, a downturn which has had impact on various arms of the energy and marine supply chain. While Goltens has felt the downturn like many other companies, it is reporting 'cautious optimism' in the Middle East premised on new international regulation and the need for shipowners to upgrade ships.Almost all the offshore vessels in Dubai are operating…
Cruise Ships: Oceanwide Orders Polar Class Ship
The expedition cruise ship market maintains its torrid pace with news that Oceanwide Expeditions has orders another Polar Class 6 ship, following the success of its ship Hondius.Croatian shipyard Brodosplit, the builder of Hondius, won the follow on order for M/V Janssonius, which is scheduled to be completed in October, 2021. The 174-passenger ship will be nearly identical in size and design, complete with a Polar Class 6 ice-strengthened vessel equivalent to a 1A super ice-class ship.
Market in Focus: Tankers
NewbuildingSince the beginning of the year, 100 newbuild orders have been placed across the tanker sector. This is a considerable amount lower than the same period last year, when 140 vessels were placed. It is no surprise to see the Greeks lead the way with the highest number and largest vessels ordered, but hot on their heels are the likes of Eastern Pacific and Ocean Tankers, the Singaporean owners…
Trump Warns Tehran of Possible Attack, Calls for Talks
Iranian officials told Reuters on Friday that Tehran had received a message from U.S. President Donald Trump warning that a U.S. attack on Iran was imminent but…
Eye in the Sky for Inland INTEL
Genscape Maritime’s Vessel Coverage of U.S. Inland Waterways offers new perspectives and a leg up on the competition. In today’s transportation markets, information…
Fire burns out of control at Philadelphia refinery
A fire was burning out of control at an oil refinery in Pennsylvania on Friday morning, a Philadelphia fire department official said, as local media reported a series of explosions on site.NBC Philade
Iron Ore Spikes on Shipment Concerns
China's iron ore futures extended gains on Friday after touching a record high in the previous session, as concerns persisted over tight supply amid declining shipment from Rio Tinto and expectations of strong demand.Mining giant Rio Tinto on Wednesday lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April.It now puts the upper limit as much as 5.7% under its original forecast…
Pavilion Acquires LNG assets of Iberdrola
Singapore-based LNG company Pavilion Energy said its wholly owned subsidiary Pavilion Energy Trading & Supply has agreed to buy Spanish energy company Iberdrola's…
Siemens Gamesa Enters Japan Offshore Market
Siemens Gamesa Renewable Energy (SGRE) has secured its first preferred supplier nomination in the Japanese offshore wind sector, winning a preferred supplier status…
Inpex Submits Revised Indonesian LNG Plan
Japan's largest oil and gas exploration and production company Inpex Corporation has submitted a revised plan of development (POD) for the Abadi LNG Project, a…
Danska Commodities Inks PPA with Hywind Scotland
Danish energy trading company Danske Commodities signed a 20-year Power Purchase Agreement (PPA) with the world’s first floating wind farm, Hywind Scotland.Hywind Scotland…
North West Central Corridor Gets Terminals
The inland terminals CTU in Lelystad, HOV Harlingen and Westerman Multimodal Logistics in Hasselt joined the North West Central Corridor in June.The new partnership of deep-sea terminals…
NYK’s New President Emphasizes CSR
Hitoshi Nagasawa, the new president of Japanese shipping giant Nippon Yusen (NYK), made his inaugural speech to the NYK Group staff members at the company’s head…
Modec Signs LOI for FPSO with Petrobras
MODEC Inc. received a letter of intent (LOI) from Petróleo Brasileiro for the supply, charter, and operations of a Floating Production Storage and Offloading (FPSO)…
Second LNG-Fueled Ship for Containerships
Containerships, subsidiary of CMA CGM, has taken delivery of its second LNG-powered containership, the Containerships Polar.As the second LNG-powered ship for Containerships and the CMA CGM Group…
Resolve Receives USCG AMVER Award
Resolve Marine Group was awarded the prestigious AMVER (Automated Mutual Assistance Vessel Rescue System) Award for work done by privately funded Emergency Response…
GAIL Hires LNG Carrier from MOL
India's state-run natural gas firm GAIL (India) Ltd has hired a liquefied natural gas (LNG) carrier on short-term charter from Japan's shipping giant Mitsui O.S.K.
India to builds Six Submarines for $6.5B
The Indian Navy has issued an Expression of Interest (EoI) for shortlisting potential strategic partners (SPs) for the construction of six P-75 (I) submarines, a…
DSO Gets AAA Credit Rating
Damen group’s Swedish shipyard, Damen Oskarshamnsvarvet (DSO) has had its credit rating, as awarded by European credit rating agency Bisnode, upgraded from B to…
