Jiangnan’s Digital VLGC Design Earns LR AIP
Classification society Lloyd’s Register (LR) said it has awarded approval in principle (AIP) to Chinese shipbuilder Jiangnan Shipyard Co.
Vroon PSVs Support ENI's Drilling Campaign Offshore Mozambique
Italian oil and gas company Eni has chartered two Vroon platform supply vessels to support its offshore drilling project in Mozambique.Vroon said this week that the contract with ENI was on a long-term drilling project, with Vroon providing platform-supply vessels VOS Princess and VOS Principle in support of the drillship SAIPEM 12000.ENI’s campaign will resume in the second half of December, after a suspension due to the COVID-19 pandemic.
Green Hydrogen is Finally Getting Its Day in the Sun
Hydrogen has taken off this year as the future green fuel of choice, with governments and businesses betting big that the universe's most abundant element can help fight climate change.More than $150 billion worth of green hydrogen projects have been announced globally in the past nine months. In total, more than 70 gigawatts of such projects are in development, which could require $250 billion worth of investment by 2040…
UK Says It's Wrong To Conflate Port Congestion With Brexit
Prime Minister Boris Johnson's spokesman said on Friday it would be wrong to conflate large queues of lorries at British ports with the issue of Brexit, saying the congestion was mainly caused by a spike in consumer goods demand and COVID-19 disruption."It's been primarily caused by a global spike in demand for consumer goods over many months this year, as well as disruption to global shipping patterns and container capacity related to changes caused by the pandemic and subsequent commercial iss
Baltic Index Posts Weekly Gain
The Baltic Exchange's main sea freight index gained on Friday, and notched a weekly rise, on stronger rates across all vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose by 50 points, or 4.3%, at 1,211, its highest since Nov. 30. The index rose 1.2% for the week.The capesize index gained 114 points, or 8.6%, at 1,434, a one-week high.But the index fell 5.7% this week…
CMA-CGM Suspends Cargo Bound for South China Ports in Early 2021
CMA-CGM, the world's fourth-largest container shipping line, has told customers it will not take bookings for cargo due to arrive at ports in southern China over several weeks in early 2021 due to a suspension of service by feeder operators.Feeders collect containers from smaller ports and take them to terminals where they can be loaded onto large vessels.CMA-CGM's move comes amid a global shortage…
2020 OSV Update: Laid Up and Beginning To Look Lazy
With increased time in layup and outdated tonnage, surely after all that has occurred in 2020 it’s about time for the offshore support vessel (OSV) sector to address…
Second Russian Pipe-layer Moves to Nord Stream 2 Gas Pipeline Site
A Russian pipe-laying vessel, Fortuna, has arrived at the construction site of the Nord Stream 2 gas pipeline in the Baltic Sea, Refinitiv Eikon data showed on Friday…
Ocean Yield Sells Connector Vessel to Jan De Nul
Luxembourg-based marine services company Jan De Nul Group has agreed to buy the offshore construction and cable-lay vessel Connector from Ocean Yield. The vessel will be officially transferred during the fourth quarter of 2020.The Connector, previously known as Lewek Connector, is an advanced subsea construction & cable-lay vessel that was operating on a long-term bareboat charter until February 2017.
Proserv, Intelligent Plant Ink Deal Aiming to Drive Digital Evolution
Proserv Controls signed a strategic alliance with software engineering firm Intelligent Plant, a deal aimed to deliver advanced control systems and data analysis to provide operators with digital solutions tailored to their needs and feedback. The announcement follows a broader industry trend toward leveraging true digitalization to help rationalize efficiencies in the offshore industry. Ultimately…
New CFO for Concordia Maritime
Swedish tanker shipping company Concordia Maritime has named Martin Nerfeldt as the new CFO and member of Group management. He will replace the current CFO Ola Helgesson, who has decided to leave his position to take on new challenges.Nerfeldt holds an MSc (Economics) from the Gothenburg School of Business, Economics, and Law, and joins the Company from his role as CFO of Sail Racing International AB.
Inmarsat's Most Powerful Satellite Enters Service
Mobile satellite communications company Inmarsat confirmed commercial service introduction (CSI) of its newest, most powerful geostationary satellite to date. GX5 is the 14th satellite currently in service with Inmarsat and provides additional capacity to Europe and the Middle East on the Fleet Xpress (GX) Ka-band high-speed satellite broadband service designed for the maritime industry.The satellite…
Seaspan Orders Five Containerships
Shipowner Seaspan Corporation said it has entered into purchase orders to build five 12,200 TEU containerships. Upon completion and delivery, all five vessels will…
US, UK Tighten Navy Partnership
The United Kingdom’s Royal Navy and the United States Navy announced a new partnership to accelerate the adoption of novel ideas and technologies, marking a unique chapter in the historic relationship between the two nations.A newly established London Tech Bridge—with both nations as full partners—will serve as a command post for innovation for the two Navies as they work toward interchangeability…
Scorpio Sells Another Bulk Carrier
Scorpio Bulkers announced it has entered into an agreement to sell another Ultramax bulk carrier, its second this week, as the company continues its transition away from dry bulk shipping to focus on the offshore wind market.Scorpio said Wednesday the 2015-built SBI Orion was sold to an unaffiliated third-party buyer for approximately $16.1 million. Delivery of the vessel is expected to take place in the first quarter of 2021.Earlier this week…
Tito's Restored Former Flagship to Become Hotel and Museum in Croatia
The restored flagship of former Yugoslav leader Josip Broz Tito is being converted into a hotel and a museum devoted to its turbulent history, from banana boat to…
WE Tech Equips Donsötank’s Newbuilds with ESS Package
Finnish energy efficiency solution provider WE Tech Solutions said it has received an order to complete its earlier scope of supply with energy storage systems (ESS) integrated in the package delivered earlier this year, including propulsion drives, permanent magnet shaft generator, shore connection switchgear, bow thruster motor and DC link for two new 22,000 DWT chemical and oil tankers built by Wuhu Shipyard Co.
Rhine Water Level Rises, Too Shallow in North for Full Shipping
Low water levels after dry weather in the past month continue to prevent cargo vessels from sailing fully loaded on the river Rhine in Germany, traders said on Thursday.Low water is hampering shipping throughout the river, especially around Cologne, traders said.Shallow water means vessel operators impose surcharges on freight rates, increasing costs for cargo owners.But rain is forecast in some river…
Duluth Seaway Port Authority Acquires Duluth Lake Port dock
The Duluth Seaway Port Authority last week finalized acquisition of the Duluth Lake Port dock on Rice’s Point.Located immediately northwest of the Port Authority’s First Clure Terminal Expansion, but separated from it by the Azcon Metals recycling property, the 7.5-acre Duluth Lake Port dock and 3.5-acre slip date back to the 1880s, when Duluth Imperial Mill built the site’s initial flour mill and grain elevators. The facility was last used for grain in 2015. TN LLC purchased the site in 2017.
Seafarer Exploration Discovers Colonial-era Shipwreck Material Off Florida
Subsea salvage and exploration company Seafarer Exploration Corp. said Thursday it had discovered a large concentration of colonial-era shipwreck material in Area 2 off Melbourne Beach, Florida. "The historic period shipwreck material comprises a variety of artifacts situated within a concentrated area and includes standing rigging, ships fittings, rope and wood fragments," Seafarer Exploration said.According to the company…
