NR Marine Services Orders CTV from Diverse Marine
U.K.-based NR Marine Services has placed an order with compatriot shipbuilder Divers Marine for a new new crew transfer vessel (CTV) to service the offshore wind industry. This newbuild, to be named NR Predator, will be a first of class Diverse Marine 27-meter CTV featuring a traditional catamaran hull form that has been CFD tested and optimized to provide class-leading seakeeping coupled with reduced fuel consumption and emissions…
Babcock Wins £45 Million Contract to Maintain UK Research Vessels
The U.K. has awarded Babcock International’s Rosyth shipyard a £45 million (approx. US$56.6 million) contract to maintain its fleet of three scientific research vessels.The initial three-year contract, announced by U.K. Industry and Maritime Minister Nusrat Ghani earlier this month, will see the large oceanographic and polar research vessels RRS Sir David Attenborough, RRS Discovery and RRS James Cook dock at Babcock’s state-of-the-art facilities in Rosyth…
Brazil Will Halt Santos Port Privatization
Brazil's government will not proceed with the privatization of the port of Santos, the largest in Latin America, the incoming minister of ports and airports was quoted as saying on Thursday by a Brazilian newspaper.Marcio Franca, tapped to head the ministry in President-elect Luiz Inacio Lula da Silva's government, told O Estado de S. Paulo's online edition that the decision had been made not to privatize the port…
Suez Canal Open to Foreign Investment, Sovereignty Protected
Egypt's Suez Canal welcomes foreign investment but foreigners would have no control over the waterway or over a proposed fund that would help to manage its resources, the head of the Suez Canal Authority (SCA) said on Thursday.SCA Chairman Osama Rabie was speaking to reporters after legal amendments providing for the fund were discussed in parliament this week, triggering speculation they would open the door to selling stakes in the canal to foreigners.The fund…
Japan 'Industry Day' Highlights Global Defense Partnerships
Earlier this year, a high-level defense event simply dubbed 'Industry Day' was held in Japan, an event aimed at strengthening the supply chain to the Japanese Self-Defense Forces equipment and strengthening Asia-Pacific Security and the Defense Industries.The event was significant in that the Japanese government has signaled its intention to increase defense spending, particularly with heightened tensions in the region from both China and North Korea. Also significant was the inclusion of U.S.
US Gives Grace Period to Cargoes Under Russia Oil Product Price Cap
The U.S. Treasury Department said late on Wednesday that shipments facing the G7's upcoming price cap on oil products such as diesel and gasoline from Russia will have a grace period to arrive at their destination.G7 democracies and Australia are planning to cap prices on two oil products from Russia from Feb. 5 as part of their effort to reduce Moscow's export revenues as it wages war in Ukraine.
Sanctions Could Cut Russia's Baltic Oil Exports by 20%
Exports of Russia's flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December, after a Western price cap and an EU embargo on Russian oil took effect, according to traders and Reuters calculations.Traders said Russia has been unable to fully redirect Urals exports from Europe to other markets, notably India and China, and it had struggled to find enough suitable vessels.According to traders' data and calculations made by Reuters…
Algoma Acquires Two Product Tankers
Canadian shipping company Algoma Central Corporation on Thursday announced it has acquired two 18,894 dwt product tankers. Built in 2007, the sister ships were purchased to prepare for the coming replacement of two older vessels in the company’s Algoma Product Tankers fleet.“The vessels are high quality additions to our Product Tanker fleet,” said Gregg Ruhl, President and CEO of Algoma, “and mark an important step in our on-going fleet renewal journey…
Remontowa Delivers Mine Destroyer to Polish Navy
At the Remontowa Shipbuilding S.A. shipyard, a handover and acceptance protocol for the third in a series of modern mine destroyers – the ORP Mewa vessel for the Polish Navy – was signed on Wednesday.The ship was built by a consortium comprising the leader, Stocznia Remontowa Shipbuilding S.A., which is part of the Remontowa Holding S.A. capital group, the Research and Development Centre for Maritime Technology (OBR CTM) S.A.
Eni to Deploy FLNG Unit Offshore the Republic of Congo
Italian oil giant Eni has signed a contract with China's Wison Heavy Industry for the construction and installation of a floating liquefied natural gas (FLNG) unit with a capacity of 2.4 MTPA (million tons per annum). The FLNG will be deployed offshore the Republic of Congo.The 380-meter-long and 60-meter-wide vessel will be anchored at a water-depth of around 40 meters and will be able to store over 180,000 cubic meters of LNG and 45,000 cubic meters of LPG.
Has Green Hydrogen Sprung a Leak?
The green hydrogen express is gathering pace, but it may have a worrying problem with leaks.As governments and energy companies line up big bets on the much-touted fuel of the future, some scientists say the lack of data on leaks and the potential harm they could cause is a blind spot for the nascent industry.At least four studies published this year say hydrogen loses its environmental edge when it seeps into the atmosphere.
Report: Output from Shell's Prelude FLNG Shut Again
Shell has stopped production at its Prelude floating LNG plant off Western Australia after a fire.A Shell spokesperson told Reuters on Thursday that the fire at…
