Standard Drilling Agrees to Sell Standard Olympus PSV
Oslo-listed offshore vessel owner S.D. Standard Drilling Plc. has agreed to sell the Standard Olympus platform supply vessel for $7.5 million to an undisclosed buyer."The…
LNG Primed for Strong Growth on Asian Demand
Liquefied natural gas (LNG) prices are poised for more gains as gas-hungry China guzzles cargoes to feed a rebound in economic growth while the easing of coronavirus-induced restrictions restores industrial demand in India.Higher oil and coal prices have also helped lift global gas prices with spot Asian LNG prices <LNG-AS> doubling in just three months."We believe this has been driven by a tightening…
Congestion at Container Shipping Ports in Southern China Worsens on Anti-COVID-19 Measures
Congestion at container shipping ports in southern China is worsening as authorities step up disinfection measures amid a flare-up in COVID-19 cases, causing the biggest backlog since at least 2019.More than 150 coronavirus cases have been reported in Guangdong province, a key manufacturing and exporting hub in southern China, since the latest wave of cases struck in late May, triggering local governments…
Kongsberg Maritime to Design, Equip Awind's New Offshore Wind Vessels
Norway's Kongsberg Maritime has secured contracts with China Merchant Heavy Industries (CMHI) to design and equip two construction service operation vessels (CSOV) for Awind AS.Awind AS is a Norway-based offshore ship owner and a subsidiary of Integrated Wind Solutions AS. The combined contract value for Kongsberg Maritime is approximately NOK 250 million ($30,2 million).Destined for the offshore wind market, the new CSOVs will be built to Kongsberg Maritime’s UT 5519 DE design by CMHI.
Two Guests on Royal Caribbean's Cruise Ship Test Positive for Covid-19
Cruise operator Royal Caribbean said on Thursday two guests onboard its Celebrity Millennium ship have tested positive for COVID-19, but are asymptomatic and currently in isolation.The guests, who were sharing a room, are being monitored by the company’s medical team, the cruise operator said, adding that it was conducting contact tracing, expediting testing for all close contacts of the individuals.Celebrity Millennium was one of the first cruises in North America to restart sailing last week,
Navios Announces Delivery of Three Vessels
Navios Maritime Partners L.P., an owner and operator of dry cargo vessels, has taken delivery of the following three drybulk vessels: Navios Amitie - a 2021-built…
Top U.S. LNG Exporter Launches Effort to Measure Emissions
Cheniere Energy Inc, said on Thursday it would quantify carbon emissions from its suppliers and production sites and supply the information to customers.LNG buyers have begun asking suppliers for natural gas sourcing data and greenhouse gas emissions to reduce their own carbon footprints. Several LNG producers are proposing adding carbon capture and storage alongside their LNG projects.Cheniere said…
Fincantieri Inks Deal to Support Daewoo in Aircraft Carrier Design
Fincantieri signed a contract with Daewoo Shipbuilding & Marine Engineering (DSME) to support the Conceptual Design of the new class of aircraft carriers “CVX” for the Navy of the Republic of Korea (South Korea).The program relating to the first-in-class unit envisages the tender for the Basic Design starting from the second half of 2021, whereas the detail design and construction will begin in the following years.The signing took place between Jung Woo Sung…
Enterprise Revisited: Titanium is the USCG Vessel Procurement Magic Bullet
In my May 2020 MREN USS Enterprise column I made a reference to the benefits of titanium as a hull structural material.It related to the life of the USCG cutter Bear and I concluded the column with a suggestion that titanium would be a particularly useful and cost-effective structural material for sail training vessels, aircraft carriers, research vessels, cruise vessels, tugs and Staten Island ferries.
Diana Shipping Bags Charter for Capesize Dry Bulk Vessel
Dry bulk shipping company Diana Shipping has secured a charter contract for its m/v Boston Capesize dry bulk vessel.The charter is with C Transport Maritime Ltd.…
Fincantieri Taps Somec for Glass Enclosures on Nine Cruise Ships in Order Worth $121,8M
Italian company Somec has secured new orders worth 100 million euros (~$121,8 million) from Fincantieri to equip nine newbuild cruise ships.The contract, secured by Somec's Seascape division – Marine Glazing and Marine Public Area segment - is for turn-key glass enclosures and public areas projects in the Italian shipyards of Marghera, Monfalcone, and Ancona for nine new-build ships to be delivered between 2022 and 2028.
If EURO2020 was Decided by Shipping-related Factors, Who Would Win?
The European Football Championship is on the verge –and kicking off on Friday June 11. Therefore, BIMCO’s shipping number of the week had to be football-infused today. Adding extra topping to this sporting feast is the fact that the 2021 Copa America starts at the same time.If the result was decided by COVID-19, anything can happenSeveral national football teams have already seen the supply of their top footballers disrupted by the pandemic…
Trafigura Posts Highest-ever First Half Profit
Global commodities trader Trafigura on Thursday posted its highest-ever first-half net profit and core earnings, largely driven by the economic recovery.The Geneva-based trader's net profit rose to $2.1 billion for the period ending March 31, from 500 million the previous year. The company's financial year ends on Sept. 30.Revenue rose 19% to $98 billion while core earnings were $3.7 billion, up over 50% from a year before.
UK MCA to Conduct Surprise Inspections of Fishing Vessels after Fatalities Spike
Surveyors from the UK Maritime and Coastguard Agency are to carry out unannounced inspections of fishing vessels across the UK with the aim of increasing safety in the industry after a growing number of fatalities."The inspections are being carried out as part of ongoing work around fishing vessel safety in an industry-recognized to be one of the dangers in the world," the MCA said.According to the Agency…
COVID-19-hit Asia Ships More Gasoline to U.S.
Exports of gasoline and blend stocks from Asia to the United States rebounded in May from April, including two rare shipments from India, to meet rising summer demand in the west…
NYK Subsidiary, MarCoPay Test Paying Seafarers' Salaries in Digital Currency
An NYK Group shipmanagement subsidiary has begun to pay seafarers’ salaries in digital currency issued by MarCoPay Inc., a joint venture of NYK and the Transnational Diversified Group in the Philippines.After a successful March 2020 trial distributing electronic currency to seafarers at sea for the first time in the world, MarCoPay Inc. subsequently received approval from Philippine ministries and…
Feature Product: Fire-retardant Sylomer Marine Helps to Minimize Vibration
Austria's Getzner Werkstoffe received ClassNK type approval certification for "Primary Deck Covering" for its fire-retardant Sylomer Marine product line.The material is used in floating floors, decoupling passenger and crew cabins, wheelhouses and engine rooms to maximize the comfort level for the ship crew and passengers.Floating FloorsThe elastic polyurethane Sylomer Marine FR can be used on ships in floating floor applications. Different material types for various payloads are available.
VesselsValue Launches Small Dry Trade Coverage
VesselsValue, a company providing valuations and data on a variety of vessels globally, has launched Small Dry as part of Trade offering plus updated Small Dry Values."VesselsValue…
Castor Maritime Takes Delivery of 2011-built Dry Bulk Vessel
Shipping company Castor Maritime has taken delivery of the M/V Magic Eclipse, the 2011 Japanese-built Panamax dry bulk vessel.The company, which owns a fleet of tankers and dry bulk carriers, announced the deal to acquire the vessel back on April 9, 2021. It at the time said it would pay $18.48 million for the vessel"The M/V Magic Eclipse acquisition was financed in its entirety with cash on hand,"…
Harbour Energy Charters Two Solstad PSVs
Oil and gas company Harbour Energy has chartered two large platform supply vessels from the Norwegian offshore vessel owner Solstad Offshore.Solstad Offshore said Thursday that the long-term contracts with Harbour Energy were for the Normand Service and Normand Supra vessels.The contracts are for a period of two years firm.
