Nobiskrug Inks Deal to Build Superyacht “Black Shark”
Her striking design makes “Black Shark” one of the most interesting superyacht projects at present. Nobiskrug and the owner have signed the contract for the continued construction of the vessel (new build project 793). With the third order since the economic restart the Rendsburg shipyard stays on its successful course since the takeover by Tennor Group. Investor Lars Windhorst, who was significantly involved in the negotiations for the “Black Shark”…
Hempel Records Solid 2021, 10th Consecutive Quarter of Organic Growth
Hempel continued its growth trajectory in 2021, ending the year with 5.9 percent organic growth, following 10 consecutive quarters of organic growth. Total growth was 15.1 percent, despite supply chain challenges across the coatings industry. The 5.9 percent organic growth was the highest in more than 10 years, driven by strong performance in the Marine and Infrastructure segments, and stronger than expected in the face of unprecedented raw material cost increases and shortages.
TOP Ships Takes Delivery of Supertanker M/T Legio X Equestris
Tanker operator TOP Ships said Wednesday it had taken delivery of the "very high specification" scrubber fitted, 300,000 dwt newbuilding Very Large Crude Oil Carrier (VLCC) vessel M/T Legio X Equestris.Built at the Hyundai Heavy Industries shipyard in South Korea, the vessel is gearing up to start its previously announced time charter in a few days.The charter is with an unnamed major oil trader. The contract is for three years with two yearly extensions at the charterer’s option.
Wintershall Dea Writes Off $1.1B Nord Stream 2 financing
German oil and gas firm Wintershall Dea, one of the five co-funders of Nord Stream 2, on Wednesday said it is writing off its 1 billion euros ($1.11 billion) financing in the gas pipeline that was suspended last week.The management board of Wintershall Dea said on Wednesday it would no longer be advancing or implementing further projects in Russia and would be stopping payments to Russia immediately.The company, co-owned by BASF and Russian billionaire Mikhail Fridman's investor group LetterOne,
BW Offshore Gets One-year Contract Extension for FPSO BW Joko Tole
Oslo-listed FPSO leasing firm BW Offshore said Wednesday it had received a one-year contract extension for the lease andoperation of the FPSO BW Joko Tole. BW Joko Tole is a gas-producing FPSO operating on the TSB field offshore Indonesia for Kangean Energy Indonesia.To remind, the company in January said it had agreed to sell the FPSO to PT Bahari Inti Tanker and PT Cahaya Haluan Pasifik, both of which are Indonesian companies…
Converted OSRV Added to Sandy Hook Pilots Fleet
Sandy Hook Pilots Association welcomed its new Pilot Station Boat New York, a converted Oil Spill Response Vessel (OSRV), which, at 208 feet long, is the largest in the Sandy Hook Pilots fleet.While welcoming the its new addition, Sandy Hook Pilots retired its predecessor, also named New York, which has been a familiar sight in the Port of New York and New Jersey harbor for nearly 50 years.On February 3…
Two Oil Tankers Cancel Crude Oil Loadings at Russian Black Sea Port
Two crude oil tankers due to load Russian Urals and Kazakh CPC blend this week have been cancelled as a result of Russia's invasion of Ukraine, sources with direct knowledge of the matter told Reuters.The Wonder Vega was due to load CPC Blend on March 7 and the Iberian Sea was due to load Urals but shipowners cancelled both vessels, the sources said.Vitol, which booked the vessels, has found a replacement…
Dropsafe Expands Helideck Perimeter Safety Net Range
After last year's launch of the Helideck Perimeter Safety Net range designed to protect offshore workers and equipment from falling, offshore safety equipment maker Dropsafe has expanded its offering. "Dropsafe now offers two different versions of the Net, ensuring that all facilities can access a tailored safety solution according to their budget, location, and facility requirements," the company said Wednesday.Mike Rice…
Seismic Firm PXGEO Charters Eidesvik Offshore's 'Subsea Viking'
Norwegian offshore vessel owner Eidesvik Offshore has won a contract with the seismic survey company PXGEO under the master time charter agreement for the Subsea Viking vessel. Ediesvik said that the contract would start "ultimo April 2022," in direct continuation of the existing stand-by contract. No financial details were shared.The firm period is 100 days with options for extensions. According to MarineTraffic…
Underwater Radiated Noise: What’s Missing for Design?
We all acknowledge the environmental impact of Underwater Radiated Noise (URN) from ships, and the challenges it poses for shipping companies and shoreside organizations. While noise is produced by drive systems and other mechanical components, noise specifically from the propeller can be particularly damaging since it is the source with the greatest URN strength and propagation distance. Mitigating this type of URN production is also of timely interest…
NAPA, ClassNK Team on New Data Link to Support 3D Ship Design
Upgraded data linkage designed to enable the seamless flow of information between design and class approval software, reducing time spent on information transfer by 30% and fostering closer collaboration.NAPA and ClassNK recently fortified their partnership to support the use of 3D models in the ship design approval process by streamlining data sharing between design and class approval software. “As the capabilities of 3D computer-aided design software improve…
Belgian-backed TES Plans LNG Terminal in German Port Town
Hydrogen company Tree Energy Solutions (TES), backed by Belgian investor group AtlasInvest, said on Wednesday it would build an LNG terminal in the German North Sea port town of Wilhelmshaven, business newspaper Handelsblatt reported on Wednesday.The terminal is down to receive investments of 25 billion euros by 2045 and scheduled to go into operation in three years, Handelsblatt added, and could bring…
Lithuania Could Ban Russian Vessels from Its Ports
Lithuania's government will vote on Wednesday on whether to ban Russian vessels from its ports following the invasion of Ukraine, the BNS news agency reported on Wednesday."Ships sailing under an aggressor flag will have no place in the Klaipeda port," Lithuanian Transport Minister Marius Skuodis told BNS, referring to the country's main port.The ban would affect ships sailing under Russian flag or with any other connections to Russia, its people or companies, BNS reported.(Reporting by Andrius
Oil Tanker Firm Frontline 'Unlikely' to Transport Russian Oil
Oil tanker company Frontline is unlikely to transport Russian crude oil following the invasion of Ukraine, the company's chief executive told Norway's E24 business news website on Wednesday."The EU…
Brent Crude Tops $112. Tanker Owners "Are Having a Ball"
Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers.The oil industry has been gripped by acute risk aversion in the finance and shipping sectors after several nations including the United States sanctioned multiple Russian entities following Russia's invasion of Ukraine…
Shearwater Sells Seismic Vessel Quartet for Recycling
Offshore seismic services company Shearwater GeoServices said Tuesday it was divesting the four seismic survey vessels Polar Marquis, Oceanic Challenger, SW Emerald, and SW Eagle for recycling as part of its fleet renewal strategy.The first two vessels, Polar Marquis and Ocean Challenger, have been delivered in Turkey for recycling in accordance with EU regulations and the 2009 Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships…
