Wärtsilä to Divest Its Valves Business
![(File photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w100h1500/file-photo-wrtsil-116889.jpg)
Finland-based technology group Wärtsilä said it has divested 100% of its shares in Wärtsilä Valves Ltd to an affiliate of Evergreen Capital L.P., based in New York. The transaction was closed Thursday.“Wärtsilä is focusing on creating a stronger and simpler core whilst making sure the non-core businesses get an opportunity under a new ownership to be able to drive their business success and better serve their customers…
BP, Golar Agree 11-month Delay for Gimi FLNG
![Credit: BP](https://images.marinelink.com/images/maritime/w100h1500/credit-bp-116887.jpg)
Golar LNG has informed that force majeure events have been lifted on the GIMI FLNG the company is building for Greater Tortue Ahmeyim project in Senegal/Mauritania offshore area, and that the project would be delayed for 11 months compared to the original schedule.Golar and BP in February 2019 signed a 20-year deal for the charter of a floating liquefied natural gas (FLNG) unit, Gimi, for the project in Senegal/Mauritania, with the expected start-up in 2022.
Ecospeed Coatings Chosen for Russian Icegoing Tug Pair
![Digital rendering of m/v Polar, one of two newbuild shallow draught anchor handling tug supply (AHTS) vessels that will be coated with Ecospeed](https://images.marinelink.com/images/maritime/w100h1500/digital-rendering-of-mv-polar-116884.jpeg)
Three years ago, an Ecospeed hull coating was applied on Antarctic, a shallow draft anchor handling tug supply (AHTS) vessel owned by Ark Shipping Company. The success of this application led the vessel's owner to order the same protection for its next two shallow draught AHTS vessels: Polar and Polus. Building of these vessels will start in 2021 and will again take place at the Atlas Shipyard in Kocaeli…
V.Group Names Kofod-Olsen as CEO
![René Kofod-Olsen (Photo: V.Group)](https://images.marinelink.com/images/maritime/w100h1500/ren-kofodolsen-photo-vgroup-116888.jpg)
Ship management and marine support services giant V.Group said on Wednesday it has appointed René Kofod-Olsen as the company’s chief executive officer, taking over from Graham Westgarth who will become chairman. Kofod-Olsen will join V. Group on November 1.Kofod-Olsen brings to the role almost three decades of global shipping industry experience. In 2012 he was appointed CEO of Topaz Energy & Marine, a position he held until the company’s successful divestment in 2019.
Konecranes and Cargotec to Merge
![Rob Smith, Konecranes President and CEO, with Mika Vehvilainen, Cargotec CEO (Photo: Konecranes)](https://images.marinelink.com/images/maritime/w100h1500/rob-smith-konecranes-president-and-116886.jpg)
Finnish engineering firm Konecranes and cargo handling machinery maker Cargotec plan to merge to help speed up innovation and reap savings, they said on Thursday, sending both of their shares sharply higher.The boards of the companies, which provide road and sea-cargo handling machinery and services to industries, factories, ports and terminals, said they had signed a plan under which Konecranes would be folded into Cargotec in a merger of equals.Cargotec shares jumped around 25%, while Konecran
IMO Hit by Cyber Attack
![(Photo: IMO)](https://images.marinelink.com/images/maritime/w100h1500/photo-imo-116883.jpg)
U.N. shipping agency the International Maritime Organization (IMO) said on Thursday its website and intranet had been disabled by a sophisticated cyber attack and its IT specialists had shut down key systems to prevent further damage.This is a crucial time for the IMO, which is responsible for regulating shipping and is currently working on ways to reduce carbon emissions from the sector, with a virtual…
Drydocks Starts Building SPM Buoy for Orwell Offshore
![Credit: Drydocks World](https://images.marinelink.com/images/maritime/w100h1500/credit-drydocks-world-116882.jpg)
Dubai-based Drydocks World has started construction of a single point mooring buoy for Orwell Offshore's “Lekki SPM Project.”The SPM is planned to be installed in the petroleum product handling facility at the Lekki Free Trade Zone in Lagos State, Nigeria.Orwell has won the contract for the fabrication which includes the Engineering, Procurement and Construction (EPC) basis and installation of the Buoy by Pinnacle Oil & Gas…
Charter Signed for First-ever U.S.-flagged Jones Act Compliant SOV
![Credit: Orsted](https://images.marinelink.com/images/maritime/w100h1500/credit-orsted-116880.jpg)
Offshore vessel operator Edison Chouest Offshore (ECO) will build and operate the first-ever U.S. flagged Jones Act compliant Service Operations Vessel (SOV), used for offshore wind farm operation and maintenance works.Edison Chouest Offshore, Ørsted, and Eversource announced Thursday the execution of a long-term charter agreement for the provision of the SOV."The SOV will be engineered, constructed and operated by ECO as an integral part of the operation and maintenance of the Revolution Wind…
ClassNK Opens New Survey Offices in India and Spain
ClassNK has opened new exclusive survey offices in Kandla (India) and Valencia (Spain) with operations beginning October 1, 2020.Both offices are located in one…
Gallery: Deme's First Service Operation Vessel Launched in Turkey
![Credit: Deme](https://images.marinelink.com/images/maritime/w100h1500/credit-deme-116866.jpg)
Belgian offshore services contractor Deme saw the hull of its first-ever Service Operation Vessel (SOV) launched at the Cemre shipyard in Yalova, Turkey. The twin-hull vessel named ‘Groene Wind’ (Green Wind), will be used for offshore wind farm maintenance works in Belgium following the delivery next year.Siemens Gamesa Renewable Energy will charter the vessel for the maintenance of the Rentel and Mermaid & Seastar (known as SeaMade) offshore wind farms in Belgium.
Guyana: ExxonMobil Sanctions $9B Payara Offshore Development
![Prosperity FPSO Hull in China - Credit: Hess](https://images.marinelink.com/images/maritime/w100h1500/prosperity-fpso-hull-in-china-116864.jpg)
U.S. oil major ExxonMobil has reached a final investment decision on a $9 billion offshore oil development project in Guyana, following the approval by the government.To remind, Reuters last Friday reported that Guyana was close to reaching a deal with Exxon to green-light the project "after the company committed to stricter environmental restrictions on gas flaring and wastewater."The project, called Payara, will target an estimated resource base of about 600 million oil-equivalent barrels.