Scorpio Bulkers to Change Name to Eneti
Scorpio Bulkers announced Wednesday that it intends to change its name to Eneti Inc. as the company plans its pivot from dry bulk shipping to offshore wind farm construction and services.The name change, which remains subject to approval at a February 3 shareholders meeting, comes as a growing number of maritime and offshore oil and gas companies target opportunities in renewables.In August, NYSE-listed…
Crowley Forms 'New Energy' Division to Focus on Offshore Wind, LNG
Crowley Shipping announced Wednesday it has formed a New Energy division to focus on offshore wind and liquefied natural gas (LNG) services in the U.S. and adjacent regions.The Jacksonville, Fla.-based maritime transportation and services firm, a longtime supporter of the oil and gas industry, said many of its U.S.-flag vessel assets, engineering and logistics services could quickly and easily pivot to support the emerging energy sectors.“At Crowley…
SOCP Releases Ballast Water Management Systems User Guide
BWMS User Guide lays out path to compliance over lifetime of installationThe Ship Operations Cooperative Program (SOCP) has released the Ballast Water Management Systems (BWMS) User Guide. Developed by Glosten in cooperation with the SOCP Members and support from the United States Maritime Administration (MARAD), the guide simplifies the complex regulatory framework around ballast water management…
Havila Shipping, DeepOcean Settle Dispute
Norwegian offshore vessel owner Havila Shipping has settled a dispute with subsea services provider DeepOcean.The dispute, now settled, came to light after Havila in December said it had terminated the contract with DeepOcean for the Havila Phoenix vessel, citing the latter's breach of contract obligations, and seeking payment.The subsea vessel Havila Phoenix has since 2013 served DeepOcean, under a charter with a firm period until May 2023.
South Korea Delegation Heads to Iran to Seek Release of Seized Tanker
A South Korean delegation is heading to Iran on Wednesday to seek the release of a chemicals tanker and its 20-member crew seized in Gulf waters by Iranian forces…
Indian Oil Corp Buys its First Cargo of Iraqi Basra Medium Oil
Indian Oil Corp (IOC) , the country's top refiner, has loaded its first cargo of Iraq's newly introduced Basra Medium crude grade, according to ship-tracking data…
Maersk Says European Lockdowns Have Not Dented Demand for Shipping
High shipping rates are set to continue for at least several weeks, despite new coronavirus lockdowns in Europe, boosted by demand for furniture, exercise equipment and home improvement goods, shipping group Maersk said on Wednesday.A surge in demand from shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows and triggered a spike in the cost of moving goods around."There are simply not enough containers in the world to cope with the current demand…
2020 Volatility Lifts Freight Derivative Volumes
The freight derivatives markets for both tankers and dry cargo vessels saw increased traded volumes in 2020, according to data released by the Baltic Exchange.Tanker Forward Freight Agreement (FFA) volumes were up 31% on the previous year, reaching 603,261 lots, with a daily record of 33,677 lots achieved on March 16 at a time when Time Charter Equivalent earnings for very large crude carriers (VLCC) exceeded $275,000. Dry FFA volumes hit 1,548,127 lots, up 17% on 2019.
New Wellboat Reisa Delievered to Norsk Fisketransport for Salmon Farming
Norsk Fisketransport AS took delivery of a new Havyard wellboat dubbed Reisa, a boat that is designed to offer greater salmon capacity and enhanced fish welfare.All told, four Havyard ships have been delivered so far, and two more are scheduled for delivery from Havyard New Ship Technology to Norsk Fisketransport AS (NFT) later this year.Reisa has a circular tank capacity of 3,250 cubic metres. Kjetil Myren…
Samsung Delivers Eagle Pilar Shuttle Tanker to AET
Oil tanker operator AET has taken delivery of the Eagle Pilar, a new Suezmax Dynamic Positioning (DP2) shuttle tanker. The vessel has been purpose-built for long-term charter to Brazil Shipping I Limited, a Shell subsidiary.The vessel was delivered on Wednesday by Samsung Heavy Industries (SHI) in South Korea.This 153,180 DWT DP2 vessel has been built in collaboration with DNV-GL and Eaglestar.According to AET…
Libya's Hariga Oil Port Loading Blocked by Sit-in Guards
Petroleum facilities guards at Libya's eastern Hariga oil terminal have delayed the loading of a one million-barrel cargo as they press salary demands, the port's manager said on Wednesday.The guards
Wallenius Wilhelmsen to Reactivate Up to 9 Laid Up Vessels
Wallenius Wilhelmsen, a Norwegian/Swedish RoRo shipping company, will reactivate up to 9 of its 16 vessels that are currently in cold layup.The company, which owns 123 vessels, said Tuesday that the reactivation would take place during Q1 2021, and that the reactivated vessels would replace capacity currently sourced through short term charters.“Flexibility in the fleet has been a core strategic choice since the inception of Wallenius Wilhelmsen…
