Maersk Tankers to Establish Decarbonization Hub
Denmark's Maersk Tankers announced it will set up a knowledge hub to gather shipowners, cargo customers, experts and other stakeholders to develop solutions that will reduce emissions from cargo customers’ supply chains and shipowners’ operations.“There is an immediate need for shipping to change its emissions trajectory. The decarbonization hub is part of our commitment to create a more sustainable path for shipping through sector-wide collaboration,” said Christian M.
Macheras Named WFW Global Maritime Sector Co-Head
Law firm Watson Farley & Williams (WFW) announce it has named partner George Macheras as its new global maritime sector co-head, replacing Lindsey Keeble as she takes up the role of WFW managing partner as of February 1. Paleokrassas, who takes on the role of WFW senior partner on the same date, will remain in his role as global maritime sector co-head.Macheras, who made partner in 2018, advises on all aspects of ship financing as well as on commercial matters relating to the sale…
PetroChina Tops Singapore's List of 2021 Bunker Fuel Suppliers
PetroChina International Singapore Pte Ltd climbed three spots to be the top marine fuel supplier in the world's biggest ship refueling hub in 2021 while the overall number of licensed suppliers fell by four to 41, official data showed on Monday.Shell Plc's Singapore bunkering unit, Shell Eastern Trading Pte Ltd, fell from the top ranking in 2020 to third, behind Singapore's Equatorial Marine Fuel Management Services Pte Ltd in second place…
Concordia Maritime Sells Tanker Stena Perros
Concordia Maritime announced it has entered into a contract for the sale of the P-MAX vessel Stena Perros (65,000 dwt, built in 2007). The buyer is an oil company…
Incat Tasmania to Build High-speed Ferry for South Korea
Australian high speed craft builder Incat Tasmania announced Monday it has been awarded a contract to build a new fast ferry for Daezer Construction of South Korea. Work on the new 76-meter craft has already commenced with delivery scheduled for the first quarter of 2023.The high speed ferry will operate for Daezer on the line between Pohang and Ulleung, an island 117 nautical miles off the eastern…
Brix Marine Delivers New Water Taxi
Aluminum boatbuilder Brix Marine said it has delivered the newest installment of its PAXCAT portfolio, a 32’ x 12’ catamaran GOAT 1 to the Qathen Xwegus Management Corporation (QXMC), the business arm of the Klahoose First Nation, located on Cortes Island, B.C., Canada. The corporation, whose activities include forestry, aquaculture, tourism and retail, operates the 12-passenger vessel as a water taxi.The vessel was delivered in September 2021…
Offshore Wind: First Steel Cut for IWS Fleet's Construction Service Operation Vessel
Norway-based offshore shipowner IWS Fleet said Monday that the first steel had been cut in China for its Construction Service Operation Vessel (CSOV).The steel cutting ceremony was held at the China Merchants Heavy Industry facility in Jiangsu, China, on Friday, January 14, 2022.The walk-to-work vessel will be named IWS Skywalker and start its first contract at the Dogger Bank Wind Farm in summer 2023.
Kongsberg Propulsion for Norwind Offshore's New Vessels
Norwind Offshore, a new offshore wind-focused ship-owning company recently established in Norway by Farstad, Volstad, and Kleven, will install Kongsberg equipment to its two new Commissioning Service Operations Vessels (CSOVs), to be built by VARD."Kongsberg Maritime’s scope of delivery encompasses a combination of systems which will enable the operator to maximize operational windows whilst minimizing overall energy consumption…
Suez Canal Expansion Due to Complete in July 2023
A project to expand parts of the Suez Canal is expected to be completed after two years of work in July 2023, the chairman of the Suez Canal Authority (SCA) said on Sunday.The SCA announced accelerated plans to extend a second channel of the canal and to enlarge an existing channel after the Ever Given container ship ran aground and blocked the waterway for six days last year."The project will be completed in 24 months.
Global Seaborne Coal Trade Up Nearly 6% in 2021
Global seaborne coal trade rose by 5.7% last year, driven by rising demand from steelmakers for coking coal and its products as economies began to recover from the coronavirus crisis, Germany's VDKi coal importers lobby group said.Imports and exports of hard coal across the globe stood at 1.18 billion tons in 2021, up from 1.116 billion in 2020, the Verein der Kohlenimporteure (VDKi) estimated.Trade…
Baker Hughes Finds US Drillers Add Most O&G Rigs Since April
U.S. energy firms this week added the most oil and natural gas rigs in a week since April as rising oil prices prompt more drillers to return to the wellpad.The oil and gas rig count, an early indicator of future output, rose 13 to 601 in the week to Jan. 14, its highest since April 2020, said Baker Hughes in its weekly report. The total count was up 228, or 61%, over this time last year.U.S. oil rigs rose 11 to 492 this week…
Equinor, BP Hit Key Milestone for New York Offshore Wind Projects
Equinor and BP on Friday announced the finalization of the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA), for Empire Wind 2 and Beacon Wind 1 offshore wind projects.Empire Wind is located 15-30 miles southeast of Long Island and spans 80,000 acres, with water depths of between 65 and 131 feet. The lease was acquired in 2017 and is being…
VesselsValue Buys Norwegian Shipping Research firm ViaMar
Online valuation and data provider, VesselsValue, said Friday it had acquired the Norwegian shipping research and advisory company, ViaMar.ViaMar, based in Oslo, is becoming part of VesselsValue which has over 200 employees across eight offices worldwide in the UK, Singapore, Hong Kong, Shanghai, Seoul, and Manila.The Norwegian company provides market research and advisory services in shipping, energy and financial markets…
Senator Cruz's Nord Stream 2 Sanctions Bill Fails in U.S. Senate
The U.S. Senate on Thursday failed to pass a bill to slap sanctions on Russia's Nord Stream 2 natural gas pipeline sponsored by Republican Senator Ted Cruz, a day after Democrats unveiled their own legislation.The tally was 55 in favor and 44 against the bill that needed 60 votes to pass, a major hurdle in the 50-50 Senate. The vote spanned nearly seven hours as Majority Leader Chuck Schumer considered…
Baltic Index Extends Losses as Vessel Demand Wanes
The Baltic Exchange's dry bulk sea freight index fell for a sixth straight session on Friday, weighed down by weaker rates across vessel segments.The overall index, which factors in rates for capesize, panamax, and supramax vessels, fell 109 points, or 5.8%, to 1,764, its lowest since early March 2021. The index has lost nearly 23% this week.The capesize index dropped 250 points, or 14.3%, to 1,496, its lowest since late Feb. 2021.
BOEM Preparing Draft EA for Future Offshore Wind Operations in Gulf of Mexico
The U.S. Bureau of Ocean Energy Management (BOEM) has this week said it is preparing a draft environmental assessment (EA) to consider the impacts of potential offshore wind leasing in federal waters of the Gulf of Mexico.The area that will be reviewed in the EA includes almost 30 million acres just west of the Mississippi River to the Texas/Mexican border. This is the same area for which BOEM requested…
Nergård Havfiske Orders $57M Stern Trawler from VARD
Shipbuilder VARD said Friday it had secured a new contract to design and build one stern trawler for Nergård Havfiske, the fishing arm of the Nergård group in Norway. The contract value is in excess of NOK 500 million (~$57,35 million)."The VARD 8 02 trawler design is a well-proven design that VARD has continuously developed to meet the latest demands for fish health management, efficiency, and environmentally friendly operations.
Bumi Armada Winds Up Dormant Subsidiaries
Bumi Armada, a Malaysian offshore service firm and FPSO provider, has decided to wind up its two dormant subsidiaries.The company said that its subsidiaries Offshore…
Indonesia to Improve Coal Delivery Checks as Export Ban Weighs on Economy
Indonesia's state utility Perusahaan Listrik Negara (PLN) said on Friday that together with the energy ministry it was strengthening a coal delivery monitoring system to ensure enforcement of domestic sales rules and energy security.The world's biggest thermal coal exporter introduced an export ban on Jan. 1 as coal inventories at local power plants were at critically low levels, amid low compliance with a so-called Domestic Market Obligation (DMO).Under the DMO…
SMS Group Investment Pays Off with 'Record Breaking' 2021
As COVID continues to create business hurdles globally, the SMS Group, based within the Port of Southampton in the UK, announced that it has recorded its busiest year in company history. Traditionally a ship repairer, SMS Group invested in a team of industry professionals to establish, develop and deliver in the challenging interior outfit and marine refurbishment sector within the cruise industry – and 2021 was the defining year.Dan Lockyer, who heads up the team, said: “2021 was our year.
