Frontline Says Floating Oil Storage May be Close to Peak
The volume of crude stored on oil tanker vessels is currently estimated to around 200 million barrels and may be close to a peak, tanker group Frontline said inâŠ
Seastema Autopilot Achieves DNV GL Type Approval
Naval automation and navigation systems supplier Seastema said its SEAS-PILOT HCS autopilot system has been certified with the MED/4.16 Type Approval Certificate of Conformity by DNV GL.With this result, Seastema, a Fincantieri company, becomes the only Italian manufacturer, and one of the first worldwide, of a certified autopilot system in conformity with the new European regulation MED (Marine Equipment Directive) 2019/1397âŠ
The Final Word: COVID-19 & the Treatment of Seafarers
Frank Coles, CEO, Wallem Group, is known to âcall âem like he sees âemâ. We caught up with Coles via video conference from Hong Kong last month to discuss the impact of COVID-19 on maritime, the future of digitalization and autonomy, and the shameful treatment of seafarers. âThe only shock to my system that was at the same level was 9/11, because of its impact on the world,â is how Frank Coles puts the current COVID-19 pandemic in perspective.
Le Havre Pilot Ops Enhanced with Wärtsilä Simulator
Wärtsilä will supply a complete navigational simulator upgrade for the Le Havre pilot station in France, providing the pilot station with a new simulator adapted to the requirements of the pilotsâ operations.The order with Wärtsilä was placed in February 2020.The new unique visualization system to be supplied is based on 14 DP projectors, comprising seven main circular and seven ground projection systems. It features a panoramic 350-degree screen.
#WeatheringtheStorm: American Club, Eagle Ocean Video Salutes Seafarers
âWeathering the Stormâ salutes heroes of the sea in turbulent timesThe American Club and Eagle Ocean Marine (EOM) have produced a video entitled âWeathering the Stormâ which salutes the service of seafarers in these turbulent times as they seek to protect themselves in their vital work, at sea and in port, against the ravages of COVID-19.The video can be accessed here: https://www.youtube.com/watch?v=MVTBZ0v1w4QâAs seafarers labor in their essential role of enabling global tradeâŠ
LNG Carrier Delivered to Nakilat
Qatari shipping company Nakilat took delivery of a newbuild liquefied natural gas (LNG) carrier Global Energy. Built by South Korea's Daewoo Shipbuilding & Marine Engineering (DSME), the vessel will be managed in-house by Nakilat and is the first of four LNG carrier newbuilds to be delivered to Global Shipping Co. Ltd., a joint venture of Nakilat (60%) and Greece-based Maran Ventures Inc. (40%). The delivery of all four newbuilds by end-2021 will bring Nakilatâs fleet to 74 LNG carriersâŠ
SFL Buys Newbild VLCC with Long-Term Charter Secured
Shipowner SFL Corporation has agreed to buy a newbuild 308,000 dwt very large crude carrier (VLCC), in combination with a seven-year bareboat charter with an unnamed oil major, adding nearly $60 million to SFLâs fixed-rate charter backlog.The vessel is expected to be delivered from the shipyard in China in the second quarter and will have full cash flow effect in Q3 2020. "The net purchase price will be $65 millionâŠ
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