ConocoPhillips Extends Charter for Another Solstad Offshore PSV
Solstad Offshore has secured a contract extension with ConocoPhillips for its platform supply vessel Normand Supporter.The one-year extension means the vessel now has a firm contract with ConocoPhillips in Norway until February 2023. The Norwegian offshore vessel owner said ConocoPhillips would have two one-year options to extend the contract further.Also, Solstad Offshore confirmed Monday that ConocoPhillips…
Iranian Navy Foils Pirate Attack on Oil Tanker
The Iranian navy thwarted a pirate attack against an Iranian oil tanker in the Gulf of Aden on Monday, Iranian state TV said. "Before crossing the Bab al-Mandeb straight, the tanker was approached by four boats carrying armed men who were prevented in their attack after the Iranian escort fired warning shots," state TV reported.Iran’s navy has extended its reach in recent years, sending vessels to the Indian Ocean and the Gulf of Aden to protect Iranian ships from Somali pirates.
Flex LNG Secures Long Term Charters for LNG Carrier Duo
Flex LNG has secured two charter deals with a minimum firm period of three years for each of its two LNG carriers Flex Resolute and Flex Courageous. The Oslo-listed…
Record Number of Floating Production System Awards Expected Over the Next 18 Months
Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER.The market surge is being driven by crude prices that have climbed to the mid-$80s on fast rebounding oil demand growth, supply constraints by OPEC+ and inadequate investment by upstream players to replace production.
Communications: The Role of Secure Telecommunications in Offshore Wind Ops
While maintaining the integrity of power supply, digitalization and the integration of data have been prioritized in the energy transition process, ensuring a robust telecommunications infrastructure is essential for operational success. A well-designed and integrated telecommunications solution is critical in driving offshore wind operations and plays an integral role in connecting hundreds of physical assets and vessels.
Australia Proposes Mandatory Lifejacket Wear for Domestic Commercial Vessels
Australia's maritime safety regulator is seeking ways to reduce man overboard drownings, including potentially creating a rule that would require lifejackets to be worn on certain domestic commercial vessels.Since July 1, 2013, 34 incidents on domestic commercial vessels have resulted in 44 people drowning, according to the Australian Maritime Safety Authority (AMSA), who noted safety data and research strongly indicates that…
Baltic Dry Index Logs Worst Month Since January 2020
The Baltic Exchange's dry bulk sea freight index eased on Friday and posted its biggest monthly fall since January 2020, hurt by a decline in rates across all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell 111 points, or 3.1%, to 3,519, its lowest since Aug. 12.The index fell more than 30% this month and was down 20.2% this week.Concerns…
Flow of Goods Through Panama Canal Hits Record
The Panama Canal moved more than a half a billion tonnes of goods over the last year, the canal's top official said on Thursday, marking a record high for the key global waterway as international trade picked up.Ricaurte Vasquez, the Panama Canal Authority's administrator, told reporters during a webcast news conference that 516.7 million tonnes of goods passed through the century-old waterway during the 2021 fiscal year, which ended in September."It's been an exceptional year," he said, noting
Royal Caribbean Revenue Disappoints as Delta Variant Hits Ticket Sales
Royal Caribbean Group missed market estimates for quarterly revenue on Friday, as people were apprehensive about going on cruises due to the fast-spreading COVID-19 Delta variant.Cruise ships have been sailing from U.S. ports again since late June with mostly vaccinated guests and crew, but some onboard cases and a spike in COVID-19 infections have raised worries about the industry’s fortunes in the…
Greece Rescues Cargo Ship with 400 Migrants in Distress
Greece mounted a rescue operation on Friday for a cargo ship carrying about 400 migrants after it sent out a distress signal off the island of Crete, the coast guard said.The Greek coast guard quoted passengers as saying the Turkish-flagged vessel had sailed from Turkey, calling it “one of the largest search and rescue operations carried out in the eastern Mediterranean.”Authorities said the ship was being taken to land but gave no further details.
SAAM Towage Inks Service Deal with Caterpillar Marine
SAAM Towage and Caterpillar Marine signed a global services agreement aiming to help boost the efficiency of the fleet of tugs operated by the Americas towage services provider. This will be accomplished using digital solutions for planned and preventative maintenance.According to SAAM’s Technical Manager, Pablo Cáceres, “This partnership will let us continue to focus on providing safe, efficient and more environmentally friendly services.
Navantia Taps Pemamek for Shipbuilding Production Lines
Navantia placed an order for the automated PEMA Panel Lines, Profile Processing Lines and Sub-Block Production Lines, designed to ensure that Navantia Shipyards will have the latest laser-hybrid-based welding and robotic technology fully integrated to create the Shipyard 4.0 working environment. The agreement between Navantia and Pemamek -- which entails several phased deliveries during the next two years -- includes an advanced automated and robotized PEMA Panel line…
“It’s alive!”: Offshore Drillers Start Resuscitating Idle Drillships
Offshore drilling rig reactivations have begun as utilization and dayrates continue their rapid recovery, Esgian's Teresa Wilkie writes.We expected it to happen just not necessarily this soon. But now it’s official, several cold-stacked rigs are about to be reactivated for new jobs in the Golden Triangle, and Valaris is taking the lead. Just last week, the driller confirmed that it will reactivate 6th generation…
HHI BWMS Earns US Type Approval
The U.S. Coast Guard said it has issued type approval to Hyundai Heavy Industries' HiBallast NF ballast water management system.The type approval is the 45th granted by the USCG's Marine Safety Center, awarded following a detailed review of the manufacturer’s type approval application determined the system met the requirements of 46 CFR 162.060The treatment principle of the HiBallast NF BWMS consists of electrolysis treatment during uptake and neutralization at discharge. The U.S.
MacGregor to Equip Spirit of Tasmania's New RoPax Ships
MacGregor, part of Cargotec, said on Friday it has secured new order to supply cargo access equipment for two RoPax vessels to be built by Rauma Marine Constructions (RMC) for Spirit of Tasmania (TT-Line Company Pty Ltd).The order was booked into Cargotec's second quarter 2021 order intake, with deliveries planned to commence during the third quarter of 2022 and completed during the first quarter of 2023.The scope of supply includes bow and stern access equipment…
Glamox CEO Transition Set for 2022
Glamox said that Rune Marthinussen,CEO & President, plans to retire from the company next year, and that the Board of Directors has appointed Astrid Simonsen Joos to succeed him as CEO.
Strong Demand, Supply Chain Strain Persist, says Xeneta
Ocean carriers remain in pole position in negotiations for long-term freight contracts, with high demand, port congestion, and supply chain disruption driving further rates increases. According to the Xeneta Shipping Index (XSI) Public Indices, long-term rates recorded their tenth consecutive month-on-month rise in October, climbing by 2.2%. The indices now stand at a colossal 93.1% up year-on-year…
U.S. Moves to Expand Offshore Wind Beyond the Northeast
The Biden administration on Thursday unveiled fresh steps toward building offshore wind farms in waters off the coasts of Massachusetts, the Carolinas, and in the Gulf of Mexico.The announcement is the government's latest in an aggressive push to expand the nascent ocean industry to every U.S. coastline in a bid to wean the power sector off fossil fuels and address climate change.To date, most U.S.
'Major' Oilfield Service Firm Books Solstad Offshore's CSV for South America Work
Norwegian offshore vessel operator Solstad Offshore has won a contract for its construction support vessel Normand Samson.The CSV Normand Samson was chartered by a major oil service firm for a minimum of 350 days, with the possibility to extend for an additional 150 days, according to the company. Solstad did not say who the client was.The contract will start during Q2 2022. "The vessel will be utilized on a field development project in South America…
ABS Nautical Systems, Siemens Energy Marine Partner
Fleet management software provider ABS Nautical Systems (ABS NS) and Siemens Energy Marine, a provider of energy technology, have joined forces to automate data capture and enhance compliance…
