China Merchants Energy Shipping's Unit Orders and Sells Ships
China Merchants Energy Shipping Co Ltd says it inked a deal to order four ships worth up to $118.7 million.It has also agreed to sell three ships worth $15 million…
Managing a Crisis: Covid-19 and the Threat to Critical National Infrastructure
In the midst of uncertainty and significant risk to people’s health, it is clear that the need for robust and accurate screening and testing of Covid-19 is needed now more than ever.The social and health implications of Covid-19 have already been well documented. However, what still remains largely unclear, is how badly Critical National Infrastructure and supply chain is going to suffer and what measures can be put in place to preserve it…
Valaris to Lose $620,000 a Day Rig Deal with Total after BOP Drop off Angola
Valaris, the world's largest offshore drilling company by fleet size, is set to lose one of the most lucrative contracts in the offshore drilling industry today…
Opinion: Getting Ahead of the Reality
In a few short months, the mayhem wrought by coronavirus has changed the world. Our response to the epidemic [more than the virus itself] has the potential to permanently alter the balance of the global economy. But it might be the kind of Black Swan event that we need to trigger real change in the shipping industry – and in particular its approach to digitalization of vessel operation.Like the worldview bubbles created by social media algorithms and fake news…
Fully Laden LNG Tankers Sit Idle Off Indian Ports after Force Majeure
At least five fully-laden liquefied natural gas (LNG) tankers are idling offshore India, as yet unable to discharge their cargoes, after importers there declared force majeure earlier this week, according to an analyst and shipping sources.Gas demand is falling globally amid the fast-spreading coronavirus which has capped industrial output, forcing LNG tankers in several regions to remain at sea fully laden with no immediate destination…
Belov's New DSVs Commissioned
Two new dive support vessels (DSV) operated by Belov Engenharia Ltda. have completed class commissioning and are currently performing client acceptance testing for Petrobras.Built at Belov's own fabrication facility in Salvador, the newbuilds Belov Amaralina and Belov Humaitá are of Robert Allan Ltd.'s RAlly 4000’s Class design, fitted with Dynamic Positioning System (DP2), four diesel generators, three water jet propulsors and triple bow thrusters for redundancy.
MarTID 2020: Time is Running Out
The deadline to take the 2020 MarTID survey of mariner training practices is March 31, 2020, and your participation is vital to its success.Take the survey today:Vessel operators: https://www.surveymonkey.com/r/2020MarTIDOperatorTraining institutions: https://www.surveymonkey.com/r/2020MarTIDMETISeafarers: https://www.surveymonkey.com/r/2020MarTIDSeafarerFor a full background on the initiative, visit http://scholar.wmu.se/martid.
Connecting Crew During COVID-19
Inmarsat Maritime President Ronald Spithout says providing crews with enhanced levels of connectivity and support is critical at this unprecedented time, and offers an insight into the work already underway with welfare organizations to assist seafarers in need.Given Inmarsat’s position as the leading provider of maritime VSAT and L-Band services at sea, it is hardly surprising that we have been alert…
Tech File: Reliable Lifts
Patterson Manufacturing‘s new davit cranes are designed from the ground up for improved safety, ease of use, durability and reliability. What more could you ask?Patterson Manufacturing has supplied equipment into the marine market for more than 160 years, consistently expanding its lines of winches, rigging and fittings to meet evolving demands along the way, and even engineering custom products when the job requires.
AAM Takes Over Hydrogen Ferry New Build
All American Marine, Inc. (AAM) won a contract by SWITCH Maritime (SW/TCH) to complete the aluminum construction and outfitting of a 70-foot 84-passenger zero-emissions, hydrogen-powered, electric drive ferry that will operate in the California Bay Area (referred to as the ‘Water-Go-Round’ project).Prior to transfer to AAM, the project had begun at Bay Ship & Yacht shipyard in Alameda, Calif. where the aluminum hull and superstructure had been started.
Hempel Makes Executive Changes
Current Group Vice President for Hempel South & East Asia, Pernille Lind Olsen, becomes new Group Vice President for Hempel Europe & Africa starting on 1 July 2020. At the same time, current Finance Director for Hempel Middle East Jonathan Mercer will take over Pernille Lind Olsen’s position as Group Vice Presi-dent for Hempel South & East Asia.Olsen has been with Hempel since November 2013. Since then…
All Sailors on US Aircraft Carrier to be Tested for COVID-19
All 5,000 personnel aboard the aircraft carrier Theodore Roosevelt will be tested for the coronavirus after the number of sailors on the ship who have tested positive for the virus increased, U.S. Navy officials said on Thursday.The move is the latest example of the coronavirus’s impact on the military.Acting U.S. Navy Secretary Thomas Modly told a Pentagon news conference that, while the carrier in the Pacific Ocean was capable of carrying out military operations…
MAN Cryo Develops Liquefied Methane Terminal in Swedish Port
OxGas, a company fully owned by the Port of Oxelösund in Sweden has commissioned MAN Energy Solutions to act as “owners engineer” in the development and construction of a multi-functional terminal for liquefied methane based fuels in the port of Oxelösund. The terminal will be designed to feed both liquefied natural gas (LNG) and green methane derived from bio gas to SSAB ’s steel production in Oxelösund…
Turkey Holds First Tender Related to Istanbul Canal Project
Turkey held its first tender on Thursday to prepare to build a huge canal on the edge of Istanbul, a Transport Ministry spokesman said, signaling progress on the project despite widespread criticism over its cost and environmental impact.The tender was for the planning phase of reconstructing two historic bridges located in the area where the 45-km (28 mile) Kanal Istanbul, championed by President Tayyip Erdogan…
Ferry Industry Seeks Financial Assistance Amid COVID-19
Ferry operators stuggling financially due to the COVID-19 pandemic will need government backing to help offset billions of dollars of unsustainable losses, Interferry says.The trade association is asking governments globally to include the ferry industry in their respective COVID-19 financial aid packages so that ferry operators can continue providing essential services, and to ensure that critical infrastructure and personnel are available once the global economy begins to recover.Specifically…
EU to Launch New Libya Sea Patrols From April
The European Union will launch a new Mediterranean naval and air mission in April to stop more arms reach warring factions in Libya, EU diplomats said on Thursday, with Greece agreeing to take in any migrants rescued at sea.The decision, which was delayed by divisions over migrants, followed warnings by EU foreign affairs chief Josep Borrell that the bloc risked becoming irrelevant if it could not act…
P&O Boosts Freight to Keep Goods Flowing in Virus Outbreak
British ferry and shipping freight company P&O said on Wednesday it will ramp up freight operations to improve the flow of essential goods between Britain and mainland Europe as passenger numbers dwindle during the coronavirus outbreak."P&O Ferries is doing vital work to ensure the supplies of food, medicines and other supplies to millions of people," chief executive officer Janette Bell said in a statement."I urge all governments to back the commitment of our colleagues by designating port work
SCHOTTEL to Equip US Navy Tugs
SCHOTTEL said it has secured several orders to provide propulsion systems for U.S. Navy vessels. This additional order of five Workboat Docking vessels and two YTL tugs – all of which are to be built at the Modutech Marine Inc. yard in Tacoma, Wash. Construction of the lead tug is to commence in 2020.The main propulsion for each Workboat Docking vessel consists of a SCHOTTEL SRP 150 azimuthing unit with fixed pitch propellers with a diameter of 1.05 m and an input power of 335 kW.
CMA CGM Completes Sale of Eight Terminals
CMA CGM said on Thursday it has completed the sale of stakes in eight port terminals for $815 million to its joint venture with China Merchants Port Group.Late last year, CMA CGM reached a deal with China Merchants to sell stakes in 10 port terminals to the companies' Terminal Link venture for $968 million, as part of efforts by CMA CGM to finance its acquisition of Swiss-based CEVA Logistics and reduce…
Brent's Fall Creates Steepest Contango in 11 Years
The discount on front-month Brent crude oil futures to later contracts increased to an 11 year high on Thursday, as the coronavirus pandemic continued to cause an unprecedented slump in global demand. The spread on the May to November contracts had widened to as much as minus $10.31 per barrel at 1004 GMT, a level not seen since January 2009. The so-called contango market structure implies traders expect oil prices to be higher in the future…
