OHT Gets $135M Loan for 'Alfa Lift'
Oslo-listed offshore heavy transport and wind installation company OHT has received and accepted a firm offer for a USD 135 million Senior Secured Green ECA Credit Facility.The loan was accepted by OHT's ship owing company OHT Alfa Lift AS, which is building the offshore wind foundation installation vessel Alfa Lift in China. OHT ordered the Alfa Lift on speculation in 2018, and has since secured contracts…
FUTURE FUELS: Could Hydrogen be the Answer to Shipping’s Decarbonization Goals?
Climate change and reliable, clean, low emission fuels are the important factors for ship operators since January 1, 2020. Twelve months into the IMO2020 transition and the climate change debate is increasing as the primary discussion point on the world agenda – from industry events to the board rooms of the global corporations. Relative to this is the reliable supply of fuel since changing marine…
BIMCO: Ship Demolition Prices Spike, Tankers Lead the Way
In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in each of 2019 and 2020 due to unfavourable freight rates. If that pace continues for the rest of the year, an 11-year record is set to be broken.This according to a report out today from BIMCO, which shows that so far this year,…
U.S. Refiners Book Tankers to Store Oil Products as Cyber Attack Cripples Colonial Pipeline
U.S. refiners booked at least four tankers to store refined oil products off the Gulf Coast following a cyber attacks that crippled the biggest U.S. pipeline, shipping data showed on Tuesday.The attack on the Colonial pipeline network, which supplies half of the fuel consumed along the East Coast, has forced Gulf Coast refineries to scale back operations due to lack of storage space.The tankers, booked by Marathon Petroleum…
Korea Shipbuilding & Offshore Engineering Confirms $764,5M FPSO Hull Order
Korea Shipbuilding & Offshore Engineering has through its subsidiary Hyundai Heavy Industries secured a ~$764,5 million order for the construction of an FPSO Hull.In a stock exchange filing on Tuesday, KSOE said it had secured a KRW 854,7 billion. It said its contract partner was Singapore's Keppel Shipyard and that the delivery was for the South American market.KSOE said the contract date was May 10, 2021.
Enauta Charters Solstad AHTS for Atlanta Field Support
Brazilian oil company Enauta has chartered an anchor handling tug and supply vessel from Norway's Solstad Offshore.Solstad Offshore said Tuesday it had struck a…
No Jones Act Waiver Requests in Wake of Pipeline Shutdown, US Says
The U.S. government has not received any requests to waive the Jones Act in response to the shutdown since Friday of the Colonial Pipeline due to a ransomware attack, a spokesman for the U.S. Customs and Border Protection said on Monday.Washington has only rarely waived the Jones Act to help relieve fuel supply constraints. The Jones Act requires goods moved between U.S. ports to be carried by ships built domestically and staffed by U.S.
Mercy Ships' New Hospital Ship Completes Sea Trials
Mercy Ships announced that its newly built hospital ship Global Mercy has completed sea trials leading up to delivery, equipping, maiden voyage and launch into service to sub-Saharan Africa in 2022.The first-of-its-kind 174-meter vessel, designed by Finnish naval architect Deltamarin and built at the Tianjin Xingang Shipyard in China, is the world’s largest purpose-built civilian hospital ship. It has a beam of 28.6 meters…
US Coast Guard Fires Warning Shots in Swarm of Iranian Vessels
A U.S. Coast Guard ship fired about 30 warning shots after 13 vessels from Iran’s Islamic Revolutionary Guard Corps Navy (IRGCN) came close to it and other American Navy vessels in the Strait of Hormuz, the Pentagon said on Monday.This is the second time within the last month that U.S. military vessels have had to fire warning shots because of what they said was unsafe behavior by Iranian vessels in the region…
US Navy Seizes Weapons Shipment from Dhow in the Arabian Sea
The U.S. Navy’s Fifth Fleet said its guided-missile cruiser USS Monterey (CG 61) seized an illicit shipment of weapons from a stateless dhow in international waters of the North Arabian Sea on May 6-7.USS Monterey and its embarked U.S. Coast Guard Advanced Interdiction Team (AIT) discovered the illicit cargo during a routine flag verification boarding. The vessel was apparently sailing from Iran bound…
Ever Given Insurer Says Egypt's Reduced Claim is Still Too High
UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related losses was still "exceptionally large".The Suez Canal Authority (SCA) adjusted its claim from an initial $916 million in an effort to settle out of court, SCA head Osama Rabie told private TV network MBC Masr on Saturday.The Ever Given…
New Legislation Seeks Timely Updates for Crew Families During Maritime Emergencies
New legislation introduced in the wake of the fatal Seacor Power tragedy would require commercial vessel owners to provide timely notifications to crew members’ families throughout search and rescue operations.The Vessel Response Plan Improvement Act was introduced by Sen. John Kennedy (R-La.) after the 234-foot lift boat capsized in the Gulf of Mexico with 19 crewmembers on board last month. Six crew members were saved…
Air Lubrication System Gets AIP from Bureau Veritas
Bureau Veritas (BV) said it has been working with GILLS PTE LTD in Singapore to assess the performance of its air lubrication system designed to improve ship efficiency and decrease fuel burn by reducing the drag of an underwater hull. GILLS, which stands for gas injected liquid lubrication systems, deploys NACA profiles to create self-generating micro-bubbles for ‘turbulent modulation’ which has a ‘hull-tightening’ effect, reducing drag and energy requirements.
Ship Recycling: India Situtation Worsens, Prices Continue to Rise
Despite the escalating COVID-19 crisis unfolding across the sub-continent, ship recycling markets have remained remain firm.India has been hardest hit by this second wave of COVID-19, and the country is now recording over 400,000 new daily cases and more than 4,000 deaths. Pakistan, Bangladesh and Turkey are also recording increasing cases. Bangladesh has extended its nationwide lockdown for another week…
Superior Unveils Mobile Ship Loading Conveyor
Superior Industries, a U.S.-based manufacturer and global supplier of bulk material processing and handling systems, recently developed a new model TeleStacker Conveyor for loading dry bulk cargo ships. This multipurpose, highly mobile conveyor incorporates truck unloading and ship loading capabilities into a single machine.“Since expanding our TeleStacker Conveyor to marine-based applications in the early 2000s…
OPINION: Regulating Grey Water ... the Time is Now
The IMO’s MARPOL Annex IV is being revised to confirm the lifetime performance of Sewage Treatment Plants (STPs). This may finally bring about grey water regulation – a necessity that is long overdue.Black Water and Grey WaterA ship’s sewage (black water) is collected from toilets, urinals and hospitals. The IMO’s MARPOL Annex IV prohibits its discharge, except when treated by an STP or discharged at > 12nm from the nearest land.
US Navy Commissions USS Miguel Keith (ESB 5)
The U.S. Navy commissioned its newest Expeditionary Sea Base (ESB) ship USS Miguel Keith (ESB 5) Saturday, at Naval Air Station North Island, Coronado, Calif.Built by General Dynamics NASSCO, the 785-foot USS Miguel Keith is the third ESB variant of the Expeditionary Transfer Dock platform (ESD). Expeditionary Mobile Base was previously known as Afloat Forward Staging Base (AFSB) in the Mobile Landing Platform (MLP) program.
Dredging: Important Developments Will Impact Business
For dredging company officials, the first quarter of 2021 was a pretty good start to a new year. In a tough business, challenges and pitfalls are always expected. But from a bigger picture perspective—markets, regulations and policies—company officials couldn’t be faulted if a bit of optimism infused their worldview.There are a number of reasons for this. Many are well known and don’t need to be detailed here. Just quickly, though, WRDA 2020 would be at the top of the list.
Fire Breaks Out on Tanker Near Syrian Coast
A small fire occurred in one of the engines of a tanker off the coast of Syria's Mediterranean port of Banias, state media said.The fire was extinguished by the crew quickly with no casualties, it said."The technical fault took place in one of the engines of the oil tanker near the coast...it caused a small fire and a plume of smoke," state media said.Local radio station FM Sham earlier said an explosion had hit a tanker during maintenance works after it had caught fire a few days earlier while
Traders Book Tankers in Europe to Ship Gasoline Across Atlantic After Colonial Shutdown
Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that shut the United States' top fuel pipeline network, Refinitiv Eikon data showed on Monday.The attack forced the Colonial Pipeline to shut down its entire system on Friday, stoking expectations of gasoline shortages along the U.S. East Coast.Some smaller lines were restarted Sunday…
