Østensjø Wins Long-Term Charters for Offshore Wind Vessel Duo
![Illustration: Salt Ship Design](https://images.marinelink.com/images/maritime/w100h1500/illustration-salt-ship-design-112316.jpg)
Østensjø Group's offshore wind business Edda Wind has signed long term time charter deals with MHI Vestas and Ocean Breeze Energy respectively for two of the four offshore wind vessels ordered from Spanish yards. The charter agreement with MHI Vestas for a newbuild Service Operation Vessel (SOV) will start in the second quarter of 2022 and has a firm period of 15 years.The charter agreement with Ocean Breeze will start in the first quarter of 2021 and has a firm period of 11 years.
ABS Issues Guidance on How to Properly Sanitize Marine & Offshore Assets
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ABS has launched guidance on sanitizing and decontaminating marine and offshore assets exposed to COVID-19, applicable to commercial and naval vessels, as well as drilling units, production installations and other offshore units."Response Measures to COVID-19 for the Marine and Offshore Industries provides best practice guidelines for sanitizing assets exposed to COVID-19 and helps maritime leadership address the many challenges the virus brings…
Ingalls Delivers Destroyer Delbert D. Black
![Donny Dorsey (right), Ingalls DDG 119 ship program manager; Commander Matthew McKenna (center), DDG 119 prospective commanding officer; and Peter T. Christman III, DDG 51 Project Office, SUPSHIP Gulf Coast, practice safe social distancing while signing the DD 250 transferring custody of Delbert Black (DDG 119) to the United States Navy on Friday, April 24, at Ingalls Shipbuilding in Pascagoula, Miss. Photo by Lance Davis/HII](https://images.marinelink.com/images/maritime/w100h1500/donny-dorsey-right-ingalls-ddg-112311.jpg)
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division delivered the Arleigh Burke-class guided missile destroyer Delbert D. Black (DDG 119) to the U.S. Navy.Documents signed today mark the official transfer of custody of the ship from HII to the Navy. Delbert D. Black is scheduled to sail away from the Pascagoula, Miss. shipyard in August 2020.DDG 119 is the first ship named in honor of Navy veteran Delbert D.
Ingalls Awarded LCS Planning Yard Contract
![(Photo: HII)](https://images.marinelink.com/images/maritime/w100h1500/photo-hii-112310.jpg)
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division has been awarded a contract modification to exercise the first option year of the existing Littoral Combat Ships (LCS) Planning Yard contract. This option has a potential total value of up to $107.9 million for planning yard services in support of in-service LCS class ships.“Our outstanding and experienced Shipyard Planning Yard team…
NOIA Elects Cobb, McCarroll to Board Leadership Roles
The National Ocean Industries Association (NOIA) Board of Directors has elected Galen Cobb, Vice President of Industry Relations of Halliburton, as Chairman and Matt McCarroll…
World's Largest Containership HMM Algeciras Launched
![HMM Algeciras (Photo: HMM)](https://images.marinelink.com/images/maritime/w100h1500/hmm-algeciras-photo-hmm-112309.jpeg)
South Korean ocean carrier HMM held a naming ceremony for the newly constructed 24,000 TEU-class containership HMM Algeciras, the world’s largest containership, at the Daewoo Shipbuilding & Marine Engineering’s (DMSE) Okpo shipyard in Geoje, Korea.The 399.9-meter HMM Algeciras is the first of a dozen 24,000 TEU-class vessels scheduled to be delivered this year, and takes the "world's largest" title from the 23…
Coronavirus-hit Ruby Princess Departs Australia
A cruise ship linked to a third of Australia’s coronavirus deaths has left the country after a month docked in local waters, the authorities said on Friday, as an…
Coronavirus Cases Count Climbing on Costa Atlantica
As many as 91 crew of an Italian cruise ship docked in the Japanese port of Nagasaki are infected with coronavirus, officials said on Friday, as questions persist…
Significant COVID-19 Outbreak on US Navy Destroyer
![File photo: USS Kidd (DDG 100) (U.S. Navy photo by Crishanda K. McCall)](https://images.marinelink.com/images/maritime/w100h1500/file-photo-uss-kidd-ddg-112305.jpg)
U.S. Navy destroyer USS Kidd (DDG 100) is believed to have a significant coronavirus outbreak on board as it carries out a counter-narcotics mission in the Caribbean, U.S. officials told Reuters on Friday, marking the latest challenge for the military in dealing with the virus.The officials, speaking on condition of anonymity, said that over a dozen sailors had tested positive for the virus. Given the size of ship…
BOEM Studies Renewables' Potential in US Gulf
![© Jim Schwabel / Adobe Stock](https://images.marinelink.com/images/maritime/w100h1500/jim-schwabel-adobe-stock-112304.jpg)
The Bureau of Ocean Energy Management (BOEM), Gulf of Mexico OCS office published two new studies examining the potential for and impacts of renewable energy projects in the U.S. Gulf of Mexico.“Offshore Renewable Energy Technologies in the Gulf of Mexico” analyzed different offshore renewable energy technologies -- including wind, wave, tidal, current, solar, deepwater source cooling and hydrogen -- to determine which are best suited for development in the Gulf of Mexico.Offshore wind…
Baltic Exchange Adds Tanker OPEX Assessments
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The Baltic Exchange has added quarterly assessments of the cost of operating crude oil carrying Aframax tankers and clean product carrying Medium Range (MR) tankers to its growing suite of shipping investor tools.The new service is based on assessments made by independent third-party ship management companies Anglo Eastern, Fleet Management and V-Ships. Using the full suite of independent Baltic Exchange indices…
Clipper Bulk Cuts Staff amid 'Historically Low Freight Markets'
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Dry bulk operator Clipper Bulk announced it will reduce onshore staff in an effort to narrow costs amid historically low freight markets dragged down by the coronavirus pandemic.“The dry cargo market has struggled with unsustainably low freight rates for years, but the COVID-19 pandemic has made matters worse and caused a steep downturn in demand and freight rates. We need to adapt to this new reality…
Surge in Oil Tankers at Anchor off California
![There were 27 oil tankers off the coast of Southern California on Thursday afternoon. (U.S. Coast Guard photo by Aidan Cooney)](https://images.marinelink.com/images/maritime/w100h1500/there-were-27-oil-tankers-112297.jpg)
An increased number of oil tankers sit at anchor near the ports of Los Angeles and Long Beach as the volume of oil products held in floating storage around the globe has skyrocketed in the past month amid what analysts are saying is the biggest oil glut in history.There were 27 tanker vessels off the coast of Southern California Thursday afternoon, according to the U.S. Coast Guard, who is monitoring…
Maersk Drilling to Mothball Several Rigs, Reduce North Sea Headcount
![A Maersk Drilling rig - Image Credit: Maersk Drilling](https://images.marinelink.com/images/maritime/w100h1500/a-maersk-drilling-rig-image-112295.jpg)
Danish offshore drilling contractor Maersk Drilling is set to mothball several offshore drilling rigs, and as a consequence, reduce the number of offshore workers, citing low oil prices and the impact of COVID-19 pandemic as the reason."The COVID-19 pandemic and the lower oil price environment are impacting offshore drilling activity. Some tenders and projects are being delayed or canceled which adversely affects commercial prospects…
Supertanker Rates Ease After Spike. Could Jump Again Soon
![For Illustration - Image by Fotos von Schiffen - AdobeStock](https://images.marinelink.com/images/maritime/w100h1500/for-illustration-image-by-fotos-112290.jpg)
Supertanker freight rates eased this week as surging demand for floating storage cooled and crude oil output is set to fall, but rates could jump again as fewer tankers become available and as traders take advantage of weak oil prices, sources said.Tanker rates jumped earlier in the week after U.S. WTI crude futures for May turned negative ahead of their expiry for the first time ever on Monday as desperate traders paid to get rid of oil…
Oil Storage Crunch May Affect Guyana Crude Shipments
Oil shipments from nascent crude producer Guyana's prolific Liza field could be affected by a growing storage glut that has contributed to plunging global crude prices…
Overcapacity and low demand growth set the tone in the 2010s -BIMCO
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Over the past decade, the developing world economy has allowed for strong growth in shipping activities, with the demand for transport never having been higher. However, the benefits of this growth have been limited due to the industry jeopardizing the good times by ordering too many ships.In the 2010s, the supple of ships has largely outgrown demand, putting freight rates under pressure persistently and causing challenging conditions for the dry bulk market.
NEXT GEN Shock Mitigation Solutions Workshop Rescheduled
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The NEXT GEN Shock Mitigation Solutions Workshop has been rescheduled to October 6, 2020. The program and format will remain the same and the majority of attendees have confirmed their availability for the new date at the Grand Harbour hotel, Southampton UK.Workshop Lead, John Haynes said, “Whilst we are living in challenging times, we believe it is still important to make plans for the future. Our focus is on viable innovation and using people’s time effectively.
Weeks Marine Orders New Dredger at Eastern
![The new dredge RB Weeks will be a sister ship to the Eastern-built TSHD Magdalen (pictured), which entered service for Weeks Marine in 2018 (Photo: Weeks Marine)](https://images.marinelink.com/images/maritime/w100h1500/the-new-dredge-rb-weeks-112280.png)
Dredging contractor Weeks Marine has ordered a new trailer suction hopper dredger from Eastern Shipbuilding Group, to be delivered in the first quarter of 2023.The new dredge, RB Weeks, to be constructed at Eastern's Allanton shipyard in Panama City, Fla. will be a sister ship to the Eastern-built twin screw TSHD Magdalen placed into service in 2018. The RB Weeks is named after the co-founder of the company and the husband of Magdalen Weeks.The shipbuilding order…
Saudi Arabia May Re-route Tankers if US Bans Crude Imports
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Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports of crude from the kingdom, shipping and trade sources say.Some 40 million barrels of Saudi oil are on their way to the United States and due to arrive in the coming weeks, piling more pressure on markets already struggling to absorb a glut of stocks, according to shipping data and sources.U.S.