Schottel EcoPeller Deployed For Norwegian Ferry Refit
German maritime propulsion specialist Schottel announced that its Schottel Rudder Eco-Peller (SRE) is set to be installed for the first time in a retrofit project.For the project, a pair of four-bladed SREs type SRE 340 L CP, with an input power of 750 kW each, will be featured in a double-ended ferry from the Norwegian ferry operator Torghatten Traf-ikkselskap.Significant for this project is the fact that no hull changes or major steel work will be necessary…
IADC Postpones June Events to Late 2020
In line with many maritime and offshore organizations and in response to the COVID-19 pandemic, the International Association of Dredging Companies (IADC) announced…
COVID-19 Impacts on Demurrage and Detention
What might not be so obvious in this COVID-19 environment, which we have grown to associate with shortages, is that counterintuitively there are issues beginning to appear dealing with the opposite situation. The Journal of Commerce has reported that “[t]he container shipping industry is marshaling a response to signs of a building import backlog as some retailers and manufacturers fail to pick up…
Golden Ocean Names Andersen CEO
Dry bulk shipping company Golden Ocean Group said its board has appointed Ulrik Uhrenfeldt Andersen as the new Chief Executive Officer of Golden Ocean Management AS with effect from Tuesday April 14…
Factory Ship to Produce Sanitizer to Fight Coronavirus
Owners of a factory ship moored off southern France which normally turns seawater into bottled mineral water have converted it to make sanitizing solution in the…
Gallery: Giant Crane Vessel Lifts Snorre A Module
World's largest semi-submersible crane vessel Sleipnir on Saturday picked up a module for Equinor's Snorre A platform from the quayside at Aibel's yard in Haugesund, Norway.The 220-meter long and 102-meter wide vessel Sleipnir recently arrived in the North Sea region for the first time since its delivery from Singapore last year.It on Saturday arrived at Aibel's yard in Haugesund to pick up the approx.
Total Charters LNG Dual-fuel VLCCs
Malaysian shipowner AET said it signed a deal with Total's Chartering and Shipping Services SA for the time charter of two liquefied natural gas (LNG) dual-fuel very large crude carriers (VLCC). The two newbuilds, which are able to carry about 300,000 tons of crude oil each, are scheduled to be delivered to AET from the first quarter of 2022.The two newbuilds will be powered by LNG and will be among the most environmentally friendly VLCCs in the market.
Korean Shipyards Test LNG Pumps in Denmark
Nothing is left to chance when Korean shipyards Samsung Heavy Industries and Hyundai Heavy Industries are building giant gas tankers worth billions of dollars."It’s as close to reality as we can possibly get," says Project Manager Lars Foged from Svanehøj, which designs and manufactures deep well and in-line pumps for applications in areas such as relief of liquefied gas, management of gas fuel, engine cooling…
North Sea FPSO Shut Down Due to Coronavirus Case Aboard
Production from the Hummingbird Spirit FPSO operating at the Chestnut field in the UK sector of the North Sea has been shut down after a coronavirus case has been confirmed aboard.It was initially understood that there has been one confirmed case, and one subsequent suspected case on the FPSO and that production has been temporarily shut-in. The Teekay-owned FPSO is located at Spirit Energy-operated…
Havila Shipping Reaches Debt Restructuring Deal
Norwegian offshore vessel owner Havila Shipping has struck a debt restructuring deal with lenders, conditional upon approval from formal bodies. At January 1, 2020, Havila's outstanding debt was NOK 4,222 million (around $410 million), which for each vessel will now be split into an interest-bearing tranche and a non-interest-bearing tranche. The sizing of the interest-bearing tranche is based on the…
Opinion: Renewable Energy Wins Over Oil and Gas in Post-Coronavirus World
Imagine waking up one morning with a deadly tiger snake in your bed. To make matters worse out of the window you notice an approaching bushfire.Both are a threat to your life, but you are going to deal with the imminent danger of the snake first, and then tackle the more distant but still serious fire. It's the same with the new coronavirus and climate change.Since the rapid spread of the coronavirus beyond its origin in China and the social and economic havoc it's wreaking across the globe…
Tankers Carrying U.S. LNG Heading to China After Tax Waivers Granted
Tankers carrying U.S. liquefied natural gas (LNG) are on their way to China after Beijing started granting tax waivers to some importers, according to shipping and…
COVID-19 Cuts a Swath Through Containership Charter Earnings -MSI
While the implications of COVID-19 for containership demand and freight rates are directionally clear, the time charter market often marches to its own drum.The latest Container Shipping Forecaster from Maritime Strategies International analyzes the impact of the pandemic on time charter markets in the light of reduced demand and falling fright rates.Containership time charter rates have broadly retreated in recent weeks…
Acting Navy Head Blasts Fired USS Theodore Roosevelt Captain
The acting head of the U.S. Navy, in a surprise speech to the crew of a coronavirus-stricken aircraft carrier, castigated their former commander for writing a leaked letter that demanded the Navy take stronger action to halt the spread of the illness.Acting Navy Secretary Thomas Modly stood by his decision to relieve Captain Brett Crozier of his command in a speech to crew members of the aircraft carrier…
US Says No Requests Yet to Waive Jones Act to Help Oil Companies
The U.S. government said on Monday it has not yet received requests to waive a 100-year-old law on shipping goods between domestic ports, despite some interested parties who say temporarily lifting the regulation would help energy companies hurt by the oil price plunge.Kelly Cahalan, a spokesperson at the U.S Customs and Border Protection agency of the Department of Homeland Security, said no requests to waive the Merchant Marine Act, better known as the Jones Act, have been received.U.S.
Vietnam Protests Beijing's Sinking of South China Sea Boat
Vietnam has lodged an official protest with China following the sinking of a Vietnamese fishing boat it said had been rammed by a Chinese maritime surveillance vessel near islands in the disputed South China Sea.The Vietnamese fishing vessel, with eight fishermen onboard, was fishing near the Paracel Islands on Thursday when it was rammed and sunk by the Chinese vessel, Vietnam's foreign ministry said in a statement posted on a government website on Saturday.All the fishermen were picked up by t
ABB Accelerates Remote Connectivity Rollout
Technology comany ABB said it has expedited the rollout of and access to its remote service tools and digital solutions across critical industry as companies around the world find new ways to maintain operations throughout the coronavirus crisis.“During the COVID-19 crisis, governments and companies are having to make difficult choices, balancing people’s safety with economic livelihood. ABB is committed to supporting both: protect people…
ABS Publishes New Data and Digital Advisories
Classification society ABS launched two new advisories designed to help harness the potential of digital technologies for the maritime and offshore industries.The ABS Advisory on Structural Health Monitoring: The Application of Sensor-Based Approaches focuses on the use of sensors to determine structural health status and predict future condition. Sensors on modern assets provide vital information on the structural health…
Stena Line Announces More Job Cuts Due to COVID-19
Swedish ferry company Stena Line said Monday it will furlough 600 employees and make 150 redundant in UK and Ireland due to the COVID-19 pandemic's damaging effect on travel and transport across Europe.The announcement comes several weeks after the company laid off hundreds in Scandinavia and the Baltics as the coronavirus crisis weighs heavily on travel bookings and freight volumes. Already the company has reduced its number of sailings on several routes…
New Campaign Aims to Raise Emergency Funds for Seafarers
A new crowdfunding campaign aims to raise funds for developing world seafarers and their families that have been severely impacted by the coronavirus pandemic.The world's seafarers, especially those from poorer countries, are facing a number of challlenges amid the COVID-19 pandemic. Many are in lockdown with casual contracts and unable to work; others are facing difficulties due to lockdowns when they leave ships and are unable to return to their families with costs and little income coming in…
