Transocean Reels In Two Deepwater Drillship Deals in Gulf of Mexico
Offshore drilling firm Transocean said Wednesday it had secured contracts for two offshore drilling rigs in the Gulf of Mexico. The contracts are worth $55.5 million…
U.S. Navy Asserts “Freedom of Navigation” in the South China Sea
“The United States military flies, sails, and operates anywhere international law allows.”The 1982 Law of the Sea Convention recognizes the rights and freedoms of all nations to engage in traditional uses of the sea. According to the Department of Defense 2020 Annual Freedom of Navigation Report to Congress, “Unlawful and sweeping maritime claims—or incoherent legal theories of maritime entitlement…
Demand Soaring for Offshore Wind Farm Installation Vessels
World Energy Reports estimate that more than 100 wind farm installation and maintenance vessels will be required over the next decade. This is due to the proliferation of offshore wind farm projects planned for construction over the next 10 years.Last year, for the first time ever, offshore renewable projects spending was higher than offshore oil and gas spending with an estimated USD 56 billion sanctioned…
Ship Fuel Tank Designer GTT Names New CFO
GTT, a French company designing LNG tanks for gas carriers and cargo ships, has named Virginie Aubagnac its new Chief Financial Officer. With nearly 20 years of experience in finance, she joined GTT in April 2021 as Special Advisor to the Chairman. She succeeds Marc Haestier, who will leave the Group to retire.A graduate of HEC Paris, Virginie Aubagnac began her career in the Finance Department of Rallye, and then became project manager for the Deputy Managing Director of the same company.
Gallery: Heerema's 'Thialf' Installs Cassia C Platform for BP Offshore Trinidad
Offshore installation company Heerema Marine Contractors has completed the installation of BP's Cassia Compression (Cassia C) platform in Trinidad and Tobago.Heerema brought the Cassia Compression structures on July 15 from the Altamira fabrication yard.Using its semi-submersible heavy lift construction ship Thialf, Heerema finalized completion activities for the installation of the topside, bridge, and flare structures.
Baltic Index Falls on Weaker Panamax, Capesize Rates
The Baltic Exchange's main sea freight index fell on Wednesday, as weaker demand for panamax and capesize vessels weighed.The index, which factors in rates for capesize, panamax, and supramax shipping vessels carrying dry bulk commodities, fell 12 points, or 0.4%, to 3,154.The capesize index lost 3 points to 3,841, its lowest since July 22.Average daily earnings for capesizes, which typically transport 150…
Medcenter Container Terminal Orders 12 Straddle Carriers from Kalmar
Kalmar, part of Cargotec, has received an order of 12 diesel-electric straddle carriers from Medcenter Container Terminal (MCT) in Italy.Located in the southern Italian port of Gioia Tauro, MCT, owned and operated by Terminal Investment Limited (TIL), is a mega port able to handle the largest container vessels deployed on Asia-Mediterranean routes.The terminal has handled more than 56 million TEUs since it opened in September 1995.
Guyana in Focus: ExxonMobil Finds More Oil; FPSO Appetite 'Huge'
U.S. oil major ExxonMobil has made another oil discovery at the prolific Stabroek offshore block in Guyana. This adds to around nine billion barrels of oil equivalent…
MOD to Acquire Sheffield Forgemasters
Sheffield Forgemasters’ shareholders have agreed to sell its entire share capital to the Ministry of Defence (MoD) to support a substantial recapitalization of its defence-critical plant, equipment and infrastructure necessary to secure the delivery of components into future MoD programs.This is aimed to secure Sheffield Forgemasters’ role as a key supplier into the MoD for the long-term and is structured to invest substantial new capital into the modernization of defence-critical assets…
LNG Price Recovery Spurs Spending in Race against Carbon Targets
The investment outlook for liquefied natural gas (LNG) has improved this year but project go-aheads will not match the bonanza of 2019, as the fight against climate change clouds the prospects for gas demand growth longer term.Renewed optimism as the industry emerges from the pandemic, rapidly rebounding oil and gas prices and a better economic outlook is building confidence in short and long term LNG demand in Asia and spurring companies to look at new LNG projects, most of which were shelved l
Ocearch Launches 41st White Shark Research Expedition
Non-profit organization Ocearch said Tuesday it was embarking on its 41st ocean research expedition "to help solve the life history puzzle of the Northwest Atlantic white shark."Alongside 42 scientists and 28 research institutions the organization will collect data to support 23 science projects that will help form a complete picture of the ecology, behavior and health of the white shark in the Northwest Atlantic Ocean.
World Faces Shortage of Sailors to Crew Commercial Ships, Study Says
There could be a shortage of merchant sailors to crew commercial ships in five years if action is not taken to boost numbers, raising risks for global supply chains, a report said on Wednesday.The shipping industry is already struggling with crewing shortfalls due to the coronavirus pandemic, a situation that will exacerbate expected labour supply problems over the next few years, according to the…
DNV Supports Safe Crew Change Program in South East Asia
Classification society and risk management expert DNV said Wednesday it would take on an "instrumental role" in helping to facilitate safe crew changes amid South East Asia’s COVID crisis as an auditor in the multi-party backed CrewSafe program.CrewSafe is the creation of the Singapore Shipping Tripartite Alliance Resilience (SG-STAR) Fund Task Force (SFTF), which was established by the Singapore Shipping Association (SSA)…
Morocco to Sell Sake in Port Operator Marsa Maroc to Tanger Med
The Moroccan government has agreed to sell a 35% stake in terminal operator Marsa Maroc to Groupe Tanger Med, raising 5.48 billion dirhams ($610 mln) for state coffers, Marsa Maroc said on Tuesday.The government will retain 25% of the capital and voting rights in Marsa Maroc, a Casablanca-listed company that manages terminals at 9 Moroccan ports, the statement said, without providing further details.Tanger Med manages a container and passenger port as well as 2000 hectares dedicated to industry
Philippine Creditors Set to Sell Debt-laden Shipyard
Philippine creditors are close to selling a strategically located but debt-laden shipyard north of the capital Manila, government officials said on Tuesday, with a North American company cited as being an investor in the deal.Hanjin Philippines, a unit of South Korea's Hanjin Heavy Industries & Construction Co Ltd, in 2019 defaulted on $1.3 billion in loans, of which $900 million is owed to South Korean banks and the rest to five Philippine lenders.Talks with investors were almost complete…
Seaway 7 Books Siem Offshore Vessel for Seagreen Wind Farm Work
Seaway 7, a renewables branch of offshore installation firm Subsea 7, has chartered one of Siem Offshore's offshore subsea construction vessels (OSCVs).The contract is set to begin in the fourth quarter of 2021, when the vessel will provide walk-to-work services as part of the construction phase of the Seagreen offshore wind farm, in the UK North Sea, 27km offshore Scotland.Under the contract, the vessel will remain with Seaway 7 for a period of 300 days.
Transatlantic Journey: BC Ferries' New Hybrid Electric Ferry Reaches British Columbia (VIDEO)
BC Ferries’ new Island Class ferry arrived late last week in British Columbia, Canada, having departed Damen Shipyards Galati yard in Romania on May 19.The vessel, temporarily named Island 3, arrived under its own power, after a 64-day, approximately 10,700 nautical miles transatlantic journey. The Island Class are battery-equipped ships designed for future full electric operation. The ships are fitted…
Seanergy Takes Delivery of 2009-built Bulk Carrier. Secures Charter with NYK Line
Seanergy Maritime Holdings Corp. has taken delivery of the M/V Friendship bulk carrier.The vessel is a 176,952 dwt Capesize bulk carrier, built in 2009 by Namura Shipbuilding Co., Ltd. in Japan. "The M/V Friendship is the fifth Capesize delivery that Seanergy has successfully completed in 2021 to date," the company said.Seanergy also said that the has been fixed on a time charter with Japan's NYK Line, which is an existing charterer of Seanergy.
Apply Now for the MN100
The application period for this year’s MN100 edition is officially open and underway!Each year, Marine News magazine profiles 100 of the top firms in brown water, workboat space.Here's your chance to tell Marine News why your company is one of the best in the business. The selected 100 companies will be featured in the October edition of the largest BPA-audited b-to-b publication in this genre. OEMs…
Moving Forward with Emissions - Is it Tiers, Tears or Fears?
As International Maritime Organization (IMO) and U.S. Environmental Protection Agency (EPA) emissions requirements continue throughout the IMO Emission Control Areas (ECA), they are also forcing postponement of many new construction decisions as vessel owners and operators continue to tread cautiously along the path forward. The Marpol Annex VI program looked to correct emissions requirements while working with petroleum fuels.
