Saudi Arabia's Oil Exports at Four-Month High
Saudi Arabia's crude oil exports rose in May to 5.649 million barrels per day (bpd), their highest level in four months, Joint Organisations Data Initiative (JODI) said on its website on Monday.Crude oil exports rose from 5.408 million bpd in April, while the country's total oil (crude oil and total oil products) exports stood at 6.94 million bpd in May compared with 6.62 million bpd the previous month.The…
Japanese Group Sees Carbon Recycled Methane as Zero-emission Ship Fuel
Ship Carbon Recycling Working Group of Japan's Carbon Capture & Reuse Study Group has said that carbon recycled methane produced by methanation technology can be recognized as zero-emission ship fuel.Methanation has been described as a technology for synthesizing methane, the main component in natural gas, by causing a chemical reaction between hydrogen and CO2 in a reactor vessel filled with a catalyst.It uses emitted CO2 separated and captured from industrial facilities.
International Seaways, Diamond S Shipping Merge. Become 2nd Largest U.S.-listed Tanker Firm
International Seaways, one of the world's oil largest tanker operators, petroleum products, has completed the previously announced merger with Diamond S Shipping Inc. The combined company will continue to operate as International Seaways and trade on the New York Stock Exchange under the symbol INSW. International Seaways expects to achieve cost synergies in excess of $23 million and revenue synergies of $9 million…
China Launches Energy Efficient VLCC
CS Hunan Venture very large crude carrier, dubbed one of the most advanced and energy-efficient VLCCs ever built in China, was recently launched by Dalian Shipbuilding Industry Group (DSIC).The vessel is owned by China Shipbuilding Consulting Company and operated by Wah Kwong Ship Management Hong Kong.Fan Qiang, Vice President of China Classification Society which conducted extensive survey of the vessel…
USACE Gets 'Strong Funding' for FY22 by House Committee
Waterways Council, Inc. (WCI) applauded approval by the House Appropriations Committee (by a vote of 33 to 24) of strong funding for the U.S. Army Corps of Engineers for Fiscal Year 2022 (FY22). The Committee provided overall funding for the Corps’ Civil Works Mission for FY22 at $8.66 billion, an increase of $863 million above FY21’s appropriated level, and $1.9 billion above the President’s FY22…
Ship Recycle Prices Hurtle past $600/LDT
Demo markets continue their upward trajectory this week surpassing the $600/LDT barrier on a number of select units. This may be due to a general paucity in the overall supply of tonnage over these quieter summer/monsoon months, while local steel plate prices have regained momentum of late, especially after stalling a few weeks ago.Just how much longer this momentum will last remains to be seen. But for now…
BP, EnBW to Invest Billions if Bid for Scottish Offshore Wind Lease Successful
British oil major BP and the German renewables firm EnBW submitted their bid for offshore wind acreage in the ScotWind leasing round, looking to secure the rights for a lease area off the east coast of Scotland that could support offshore wind projects with 2.9 gigawatts (GW) generating capacity.The seabed round in which firms apply for the license to build wind farms has attracted the interest of both "traditional" renewables giants such as Iberdrola…
Havfram Books Eidesvik Offshore's Viking Neptun CSV
Norwegian offshore vessel owner Eidesvik Offshore has won a contract with offshore installation firm Havfram for its construction support vessel Viking Neptun. The…
Covid-19 on S. Korea's Anti-piracy Ship Off Africa: Over 80% of Crew Test Positive
South Korea's military has recorded in biggest cluster of COVID-19 infections to date, with more than 80% of personnel aboard a destroyer on anti-piracy patrol in the Gulf of Aden testing positive.While the 247 cases are not directly linked to new domestic infections, with the destroyer having left South Korea to start its mission in February, the surge comes as the country battles its worst-ever outbreak of COVID-19 cases at home…
U.S. Appeals Court Blocks Ruling that Would Have Suspended CDC Cruise Ship Rules
A U.S. appeals court late Saturday in a 2-1 ruling put on hold a lower-court decision that said the U.S. Centers for Disease Control and Prevention (CDC) could not enforce its coronavirus cruise ship rules in Florida.Last month, U.S. District Judge Steven Merryday in siding with Republican-led Florida found the state was "highly likely" to show the CDC exceeded its authority in adopting rules governing…
The Philippines: Trans-Asia Shipping Lines Launches New RoPax Vessel
Shipping firm Trans-Asia Shipping Lines has launched its new RoPax vessel MV Trans-Asia 21 which will serve the Cebu-Cagayan De Oro-Cebu route in the Philippines.The company, part of Chelsea Group, said that the Japan-built newbuild was part of the group's program to move forward with its commitment "to provide Filipinos a fleet of modern, fuel efficient, clean, and superior quality ships."MV Trans-Asia 21 which measures 123 meters in length and with GRT of approximately 8…
Three Charged with Manslaughter over Deadly 2018 Missouri 'Duck Boat' Incident
Missouri prosecutors filed state charges on Friday against three employees involved in a 2018 boat accident on a lake in the tourist town of Branson in which 17 people were killed.Kenneth McKee, the boat's captain, and managers Curtis Lanham and Charles Baltzell each face 17 counts of first-degree involuntary manslaughter for taking the World War Two-style duck boat out in stormy weather.Stone County…
Several People Missing after Cargo Ship Sinks Off Liberia
At least seven people are missing after a cargo ship that had been barred from sailing sank off the coast of Liberia, the country's Maritime Commissioner said on Sunday.The Liberian-registered Niko Ivanka left the capital Monrovia on Saturday morning for a port in the country's south, despite being under a Liberia Maritime Authority detention order for failing to meet basic safety requirements.The…
500 Local Jobs: Vineyard Wind Signs Labor Union Deal for U.S. Offshore Wind Farm
Vineyard Wind on Friday announced a deal to use union labor to help construct what will become the nation's first major offshore wind project off the Massachusetts coast near Martha's Vineyard.The labor agreement with the Southeastern Massachusetts Building Trades Council covers 500 jobs, most of which will go to local workers, the company said in a statement. It also includes hiring targets for women and people of color.The pact is the first in the nascent U.S.
DOF Bags Brazilian AHTS Deals with Petrobras, Equinor
Norwegian offshore vessel operator DOF has secured contracts in Brazil for two of its anchor handling tug supply vessels.The company has won contracts through its Brazilian subsidiary NorskanThe Skandi Paraty vessel, with an ROV onboard operated by DOF Subsea Brasil, has been awarded a one-year contract extension with Petrobras until July 2022.The Skandi Iguaçu AHTS is on-hire with Equinor on a spot contract utilization in July and August 2021, DOF said.
Diana Shipping to Buy Kamsarmax Dry Bulk Vessel
Dry bulk shipping firm Diana Shipping has signed a deal to acquire a 2011-built Kamsarmax dry bulk vessel of 82,165 dwt, for $22.0 million.The company said Friday it anticipated to take delivery of the vessel - named m/v Magnolia - by the end of February 2022. The company did not say who the seller was. According to specifications disclosed, the vessel corresponds to the Magnolia bulker (ex- Zennoh Grain Magnolia)…
Hybrid Power for Southern Wind Superyacht
BAE Systems was selected by Southern Wind to provide the electric-hybrid power and propulsion system for a new high-performance superyacht. BAE Systems will supply and integrate its system on the SW96 Nyumba, the first marine vessel to benefit from the company’s newest propulsion technology. The HybriGen Power and Propulsion system is designed to reduce emissions and fuel consumption on the superyacht, which is designed for both long-range cruising and regatta racing.
Paraguay: T&C Orders Damen Cutter Suction Dredger
Paraguayan firm Ingeniería de Topografía y Caminos S.A. (T&C) has ordered a customised Cutter Suction Dredger (CSD) 500 from the Dutch shipbuilder Damen.T&C will use the dredger to transform the southern riverbank of the capital Asunción, in the Costanera Sur project. "The modular dredger will sharply increase sand production, required to meet the ambitious projects deadlines," Damen said.According to Damen, parts of the city have flooded annually for decades due to their proximity to the river.
Offshore Wind & Shipping – Importance of Interplay Between Shipbuilding Contracts and Charters
While 2020 proved to be a challenging year for offshore oil and gas markets, the same cannot be said about offshore renewables, which saw substantial growth."It is expected that a number of offshore support vessels (“OSVs”) and crew boats will be redeployed from the offshore oil and gas sector to service the offshore wind industry and that existing offshore wind installation vessels will be upgraded…
Safe and Affordable: WFSA Picks Best Ferry Designs
The Worldwide Ferry Safety Association (WFSA) has announced the winners of the 8th Annual International Student Design Competition for a Safe, Affordable Ferry.Dr. Roberta Weisbrod, WFSA’s Executive Director, said: “This year, the students were tasked with designing a RoPax ferry to carry around 300 passengers, many of whom prefer the use of outdoor hammocks, plus vehicles and cargo on the Amazon River between Manaus and Tefé ona trip that is to last 20 hours.
