VIDEO: After Modest 2020, the Years 2021 and 2022 Could Be 'Pretty Good' for FPS Orders
There's one thing that's certain about the price of oil, it goes up and it goes down, but nobody knows when that will happen, Jim McCaul, an expert in the offshore floating production sector for 30 years, recently said in an interview for Offshore Engineer TV, discussing the past, the present and the future of the floating production market.Apart from the oil price volatility being a certain thing, there's another thing that's sort of certain.
GTT Wins Tank Design Order for LNG Carrier Trio
French engineering firm GTT said it received an order from South Korean shipyard Hyundai Heavy Industries (HHI) for the tank design of three new liquefied natural…
Baltic Dry Index Rises to 1.5-year Peak
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1-1/2-year peak on Monday as demand improved across vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 47 points, or 2%, to 2,432, its highest level since September 2019.The capesize index gained 37 points, or 1.1%, to 3,476, its highest in more than six months.Average daily earnings for capesizes, which typically transport 150,
Market Report: In the Ship Scrapping Business, it is "Covid Chaos"
The increasingly growing concern this week has been the number of mounting Covid-19 cases across the sub-continent, especially in India, where the country hit a daily record infection rate of over 200,000 cases per day, placing an increasing pressure on an already strained healthcare system that is fighting to keep up with the number of sick.There is talk in India of another nationwide lockdown, as only the worst hits states/provinces are under quarantine at present…
Maersk Supply Service's Head of Renewables to Become CCO
Danish offshore vessel operator Maersk Supply Service said Monday it would appoint Jonas Munch Agerskov as its new Chief Commercial Officer after Carsten Gram Haagensen decided to pursue a career outside the maritime industry.Agerskov, who's held various roles within the company since joining in 2012, currently serves as Head of Renewables at Maersk Supply Service. He is expected to assume his new role on May 1…
Abu Dhabi: OFCO, Mammoet Pen Collaboration Agreement
Abu Dhabi Ports’ recently formed offshore logistics service provider, Offshore Support and Logistics Services Company (OFCO) has signed a collaboration deal with heavy lifting and transport services company Mammoet."The integrated maritime logistics service provider OFCO, will work closely with the heavy lift and transport specialist Mammoet to create a unique integrated package of on and offshore turnkey transport and installation solutions for projects in the GCC…
Keppel in Talks with Petrobras to Build FPSO for Buzios Field
Singapore's Keppel Corporation has confirmed it has been in talks with the Brazilian oil company Petrobras to built an FPSO vessel for the Buzios field offshore Brazil.In a statement on Friday, responding to an article by Upstream Daily News, Keppel Corp. said: "The company wishes to confirm that its wholly-owned subsidiary, Keppel Shipyard Limited, is in advanced discussions with Petrobras in respect…
Offshore Lighting Solutions Firm Glamox Buys Luminell
Glamox, a supplier of lighting solutions to the marine and offshore markets, has signed an agreement to acquire the Norwegian company Luminell Group AS.Established in 2010, Luminell develops and provides floodlights, searchlights, and lighting controls in the marine and offshore lighting market. "Together, Luminell and Glamox will have a leading product offering in the global marine and offshore market for all vessel sizes”, says Rune Marthinussen, CEO of Glamox.
Two More Deceased Crew Members Recovered from Seacor Power
Divers recovered two unresponsive crewmembers from the overturned lift boat Seacor Power on Friday, bringing the death count to four with nine still missing after the vessel capsized in extreme weather conditions in the Gulf of Mexico on Tuesday.U.S. Coast Guard and other local responders have been scouring the area by sea and air since the 234-foot Seacor Power overturned in rough seas and hurricane force winds approximately 8 miles south of Port Fourchon, La.
Russia Beefs Up Warship Presence in the Black Sea
Two Russian warships transited the Bosphorus en route to the Black Sea on Saturday and 15 smaller vessels completed a transfer to the sea as Moscow beefs up its naval presence at a time of tense relations with the West and Ukraine.The reinforcement coincides with a huge build-up of Russian troops near Ukraine, something Moscow calls a temporary defensive exercise, and follows an escalation in fighting…
Shipbuilding: HII Celebrates 154 Apprentice School Grads
Huntington Ingalls Industries (NYSE:HII) hosted commencement exercises on Saturday, April 17, 2021, for 154 graduates of the company’s Apprentice School at Newport News Shipbuilding. Due to the COVID-19 environment, and in an effort to keep all employees, staff, graduates and their guests safe, the ceremony was held outdoors at the Hampton Roads Convention Center in Hampton.“A drive-in movie-style graduation is likely not what you expected…
First of UECC's Three LNG Battery Hybrid PCTCs Launched
The first of three liquefied natural gas (LNG) battery hybrid pure car and truck carriers (PCTC) commissioned by Norwegian shipping company United European Car Carriers (UECC) was launched this week at the Jiangnan Shipyard in Shanghai. The remaining two vessels are scheduled for delivery in 2022."With the launch of our first LNG battery hybrid PCTC, we are ushering in a new era for UECC and short sea shipping in Europe," said Glenn Edvardsen, UECC CEO.
Algoma Fined for US Dumping Violations
Canadian shipping company Algoma Central Corporation was fined $500,000 in the U.S. after pleading guilty to dumping wastewater into Lake Ontario.One of the Great Lakes operator's dry bulk carriers…
Second Casualty Recovered from Capsized Lift Boat, 11 Still Missing
A second unresponsive person has been recovered from the water near a lift boat that capsized in the Gulf of Mexico, the U.S. Coast Guard said on Friday.A Coast Guard helicopter crew spotted the person in the water at 7:10 p.m. on Thursday while searching the area about 8 miles south of Port Fourchon, La. The crew of the Coast Guard Cutter Benjamin Daily, also in the area searching, recovered the unresponsive…
US Interior Dept Revokes Trump Energy Policies, Focuses on Climate
The U.S. Interior Department on Friday sought to erase the Trump administration's pro-fossil fuels legacy from the nation's public lands by revoking a suite of policies that boosted drilling and mining and ordering that climate change be put at the forefront in future agency decisions.The moves come as the Democratic Biden administration moves rapidly to implement policies aimed at decarbonizing the U.S.
Hidrovias do Brasil Orders Electric Pushboats
South American logistics operator Hidrovias do Brasil S.A. has ordered a fleet of diesel/battery electric pushboats from Belov Engenharia Shipyard, in Salvador, Brazil. Construction has commenced, and the first vessel is scheduled for delivery in 2022.Designed by Robert Allan Ltd. of Vancouver, B.C., Canada, the innovative vessels are expected to be the world’s first battery electric shallow draft…
Quark Takes Delivery of New Expedition Cruise Ship Ultramarine
U.S.-based Quark Expeditions has taken delivery of its new polar expedition cruise ship Ultramarine from the Brodosplit Shipyard in Croatia.The 128-meter Ultramarine has accommodations for 199 passengers in 103 cabins, plus 140 crew members. It features two twin-engine helicopters and two heliports as well as 20 quick-deploy Zodiacs for off-ship adventuring.Andrew White, president of Quark Expeditions…
Suez Canal to Allow Two Ever Given Crew Members to Go Home
Two crew members aboard the cargo vessel that blocked global shipping in the Suez Canal last month will be allowed to return to India owing to urgent personal circumstances, the Suez Canal Authority (SCA) said on Thursday.The Ever Given has been anchored in a lake between two sections of the canal since being dislodged on March 29 and is caught in a legal dispute linked to a $916 compensation claim made by the SCA against the ship's Japanese owner.The SCA said it was "sparing no effort to ensure
Cruise Execs, Health Experts Meet to Discuss Restart Plans
Cruise industry executives met with health experts and White House staff earlier this week, the Centers for Disease Control and Prevention (CDC) said on Friday, following criticism of its guidelines on restarting voyages.The discussion, which centered around how the pandemic-battered industry could get back into business, comes after the CDC said passengers and crew would need COVID-19 vaccine shots and more frequent testing…
Damen, Purus Marine Offering Green Financing
Damen Shipyards Group is partnering with Purus Marine, an environmentally focused maritime vessel and infrastructure company established by EnTrust Global for the financing of green shipping projects. The partnership, named DP Lease, aims to support decarbonization of the maritime industry by providing flexible and attractively priced long-term lease financing solutions to solve the financing gap created…
