Bristol Harbor Group Wins USACE IDC Contract
Bristol Harbor Group, Inc. (BHGI) won an Indefinite Delivery Contract (IDC) for naval architecture and marine engineering services for the United States Army Corps of Engineers (USACE)…
Ship Recycling Prices Soften (again)
Sentiments have softened across sub-continent markets once again this week, as buyers appear increasingly reluctant to commit on fresh tonnage while fundamentals remain so shaky – especially as the markets have witnessed across the last couple of weeks, where currencies and steel plate prices took turns in tumbling.The Pakistani Rupee has breached historical lows and despite the odd flash of appreciation…
Lithium-ion Batteries: Fire Risks and Loss Prevention Measures in Shipping
About the Author: Captain Rahul Khanna is Global Head of Marine Risk Consulting at Allianz Global Corporate & Specialty. A marine professional with 26 years of experience within the Shipping and Maritime industry, Captain Khanna served more than 14 years on board merchant ships in all ranks, including Master of large oil tankers trading worldwide. Although shipping losses have more than halved over…
Libra's Lomar Acquires German Tanker Firm Carl Büttner
A subsidiary of global private business group Libra has acquired German tanker company Carl Büttner Holding (CB) for close to $160 million, the unit said on Monday…
Baltic Index Rises on Higher Demand for Capesize Vessels
The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities, rose for a second straight session on Monday on higher capesize rates, while other vessel segments stayed flat.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 28 points, or 1.6%, at 1,788 points.The capesize index gained 86 points, or 4.4%, at 2…
Foreship Names White Managing Director of UK Subsidiary
Finland-based naval architecture and marine engineering consultancy Foreship has appointed Shaun White as Managing Director of its new UK subsidiary Foreship UK.White heads Foreship UK from offices in Southampton, with the city selected for its significance as a global center for pioneering marine science, research, and technology and as the UK’s acknowledged ‘cruise capital.’ "Shaun joins Foreship UK from Spear Power Systems…
Belgium's Elia Presents Plans for 'World's First' Artificial Energy Island
Belgium's transmission operator, Elia, has presented its draft plans for what is expected to be the world’s first artificial energy island. The energy island, called the Princess Elisabeth Island, will be located almost 45 km off the Belgian coast and will serve as the link between the offshore wind farms in the second offshore wind zone (which will have a maximum capacity of 3.5 GW) and its onshore high-voltage grid.
Sweden Sends Diving Vessel to Inspect Leaking Nord Stream Pipelines
Sweden sent a diving vessel on Monday to the site of Russian gas pipelines in the Baltic Sea that ruptured last week following blasts in the area, to probe an incident that has added new tension to Europe's energy crisis.Europe is investigating what caused three pipelines in the Nord Stream network to burst in an act of suspected sabotage near Swedish and Danish waters that Moscow quickly sought to pin on the West…
AkzoNobel Names Ex-Weatherford Man as Americas Marine Regional Commercial Director
Coatings manufacturer AkzoNobel has appointed Michael Stulberg As New Regional Commercial Director For Marine And Protective Coatings Americas.According to the company, Stulberg brings to the role extensive expertise across sales and product management for both US and international markets as a result of 25 years in the oil and gas industry.Most recently Director Of Sales at Weatherford International…
Marlink Acquires Hellenic Radio Services
Maritime satellite communications company Marlink, the smart network solutions company, has completed the acquisition of the satellite communications business of Hellenic Radio Services (HRS).Marlink said that the acquisition strengthened significantly its position and footprint in the strategic Greek market and enabled the company to further expand its service and support operations to meet the growing…
DOF, Solstad Offshore Win PSV Deals in Norway, Brazil
Norwegian offshore vessel owners DOF and Solstad on Monday said they'd secured vessel work in Norway and Brazil, respectively.DOF said that Norway's Equinor Energy AS had exercised its option to extend the firm period of the contract for Skandi Flora platform supply vessel by one year. The extension is applicable from October 4.Separately, Solstad Offshore announced a contract with Trident Energy do Brasil Ltda.The contract is for the platform supply vessel Normand Titus…
DNV, Pavilion Bringing Digital LNG Bunkering Solution to Singapore
Pavilion Energy and DNV have said they have developed a fit-for-purpose LNG bunker digital solution for employment in the Port of Singapore.The companies said they'd developed a tailored digital bunkering platform ‘FuelBoss’ to meet local requirements."As a fully digitalized end-to-end bunkering solution, FuelBoss will improve process integrity, data transparency, and operational efficiency for customers.
Edvardsen Haugan takes the Helm at Kongsberg Maritime
Lisa Edvardsen Haugan was appointed as the new President of Kongsberg Maritime, the largest business area of Kongsberg, replacing Egil Haugsdal starting in November 2022.Edvardsen Haugan has long and extensive experience from both the defense and civil business area in Kongsberg Gruppen ASA (KONGSBERG), including having been EVP Finance at Kongsberg Maritime and Finance Director at Kongsberg Protech Systems.
Four Bodies Recovered, 29 Missing from Boat Rescued Off Spain's Canary Islands
The bodies of four migrants, who died on the Atlantic Ocean in an inflatable dinghy with 34 people on board, and a survivor were brought to Spain's Canary Islands…
Norway Posts Soldiers at Oil, Gas Plants after Nord Stream Leaks
Norway's military said on Monday it had posted soldiers to help guard major onshore oil and gas processing plants, part of a wider effort to boost security amid suspicion that sabotage caused leaks in the Nord Stream gas pipelines last week.Russia's Nord Stream 1 and 2 pipelines burst on Sept. 26, draining gas into the Baltic Sea off the coast of Denmark and Sweden. Seismologists registered explosions in the area…
Under the Bridge: Heerema's Crane Vessel Thialf Enters Baltic Sea (PHOTOS)
Dutch offshore installation firm Heerema Marine Contractors said Monday its semi-submersible crane vessel had crossed the Storebaelt Bridge, known as the ‘gate to the Baltic Sea.'"This crossing is the first time a Heerema crane vessel has accessed the region and is the result of innovative crane alterations to enable passage below the bridge. While ballasted down to Thialf's maximum draught the total air draught was just under 65 m with the A-frames down…
Israel Upbeat on Draft Lebanese Demarcation Deal, Sees Gas Profit Sharing
Israel gave its preliminary nod on Sunday to a draft U.S.-brokered deal demarcating a maritime border with Lebanon that may lead to profit-sharing in a disputed Mediterranean gas prospect. Hoping to defuse one source of conflict between the hostile countries and prod them toward accommodation, U.S. envoy Amos Hochstein last week submitted a new proposal that would pave the way for offshore energy exploration.After years of stop-start shuttle diplomacy, agreement seems closer than ever.
US Sailor Acquitted of Setting Fire to USS Bonhomme Richard
A U.S. Navy sailor was found not guilty on Friday of starting a fire that destroyed the amphibious assault ship Bonhomme Richard in San Diego in 2020.Seaman Recruit Ryan Mays was acquitted of charges of arson and the willful hazarding of a ship, Commander Sean Robertson, a spokesman for the U.S. 3rd Fleet, said in a statement.The decision followed a two-week court-martial in which Navy prosecutors argued that Mays…
Britain to Acquire Two Specialist Ships to Protect Underwater Infrastructure
Britain will acquire two specialist ships to protect underwater infrastructure such as cables and pipelines, defence minister Ben Wallace said on Sunday, following leaks in the Nord Stream gas pipelines from Russia to Europe.European countries say the Nord Stream pipelines were damaged by "sabotage" but have stopped short of blaming Moscow. Russian President Vladimir Putin has blamed Western countries.Speaking at the Conservative Party conference in Birmingham…
