Follow the Money: Norway is Fertile Grounds for Shipping Projects
With the world’s largest sovereign wealth fund, Norway’s financial muscle is beyond question. Howev-er, at a corporate level, the country’s capital markets offer a range of benefits to overseas companies seeking equity, debt … or both. Øivind Amundsen is CEO of Oslo Børs and, as you would expect, a strong advocate of the Norwegian capital as a place to raise money for marine-related projects. The diverse nature of the companies which are listed on the Børs…
Data-Driven Voyage Optimization: The Demise of the Data Silo
We’ve had the means for a while, now we have the incentive to crush the data siloes that are holding back voyage optimization.Like kids in the sandpit, owners and charterers are being forced to share, perhaps more than they really want to. The IMO and the EU, for starters, are setting data-driven decarbonization rules, and those in the sandpit are having to respond.Ship managers and data analysis specialists…
Profile: Stars Align for Wallem Commercial Services
Market drivers have created a significant opportunity for Wallem to grow a specialised area of business, according to Capt. Anurag Mathur, Managing Director, Commercial Services, Wallem Group.Wallem’s portfolio of commercial services is ideally placed for expansion across a full range of vessel types, according to the executive appointed to drive for growth in January 2023. And Capt. Anurag Mathur…
HIMC23: Port Houston to Host Maritime Conference
Leveraging its position as a Top 5 Container Port in the U.S., Port Houston will host its 2nd annual Houston International Maritime Conference (HIMC23) on October 30 – November 1, 2023. The conference will tackle broad maritime industry challenges and opportunities that will shape the entire global supply chain, with specific focus on Port Houston’s commitment to investment, growth and readiness for the future.“HIMC23 is designed to not only illustrate how Port Houston is in growth mode…
Equinor's Arctic LNG Plant to Resume Production Next Week After Gas Leak Shutdown
Norway's Equinor plans to restart production at its Arctic liquefied natural gas (LNG) plant in Hammerfest on June 8 after it was shut down on May 31 due to a gas leak, the company said in a market message on Thursday. The facility will be unavailable until 2100 GMT on June 8, according to a message posted via the transparency page of Norwegian gas infrastructure operator Gassco. Equinor halted production after it detected a gas leak on a cooling circuit valve.
U.S. Coast Guard Calls Off Search for 35-Year-Old Who Fell from Carnival Magic Cruise Ship
The U.S. Coast Guard on Wednesday suspended the search for a missing 35-year-old man who went overboard from a cruise ship 186 miles east of Jacksonville, Florida.Coast…
QatarEnergy in 15-Year LNG Supply Deal with Bangladesh
QatarEnergy’s LNG trading arm, QatarEnergy Trading, has signed a long-term LNG Sale and Purchase Agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) to supply about 1.8 million tons per annum (MTPA) of LNG to Bangladesh for 15 years, starting in 2026.The SPA signing at QatarEnergy’s Headquarters in Doha, was witnessed by Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs…
MarTID: 2023 Survey of Maritime Training Practices is Open
Vessel owners/operators, Maritime Education and Training Institutes and Seafarers are encouraged to participate in the 2023 MarTID survey of maritime training practices.The survey is designed to take only 20 to 30 minutes to complete, but the insights are invaluable in the quest to learn more granular detail on the current focus and future shifts in the way in which seafarer training is delivered,…
Great Lakes Dredge & Dock Secures Dredging Contracts Worth $186.6M
Great Lakes Dredge & Dock Corporation, a U.S.-based dredging services giant said Thursday it had secured two major dredging contracts in Texas, worth $186.6 million in total.The contracts are for Freeport Harbor Channel Improvement Project, Dredging Reaches 1, 2, and 4 ($157.4 million) and Galveston Entrance Channel and Houston Ship Channel Dredging Project ($29.2 million)The Freeport Harbor Channel Improvement Project entails deepening the channel to authorized depths of 51 to 56 feet…
Plans Announced for LNG Export Facility in U.S. Gulf of Mexico
Grand Isle LNG is proposing to build an LNG export facility, thirteen miles south of Grand Isle, Louisiana, in Plaquemines Parish, promising significant economic benefits to the region.The proposed deepwater port is a platform-based modular design; its pipeline access, and its nearshore location will result in one of the least expensive and safest operations on the market today. Importantly, all platforms…
Singapore Detained Gatik Tanker in May Over Safety Issues
Singapore authorities detained one of the oil tankers from Gatik Ship Management's fleet, a major carrier of Russian oil to India, for three days last month over safety issues…
Helix Energy Solutions Wins Major Offshore Decommissioning Deal in U.S. Gulf of Mexico
U.S.-based offshore service firm Helix Energy Solutions has secured a 39-well decommissioning contract in the U.S. Gulf of Mexico shelf with an unnamed client. The project…
Asia Shipbuilding Lays Keel for Innovative Sailing Cargo Ship for Marshall Islands
South Korea-based Asia Shipbuilding recently held the keel laying ceremony for hull number ASB – 1245 of the Pacific Island Supply Vessel, an innovative sailing cargo ship for the needs of the Republic of the Marshall Islands.The consortium of Asia Shipbuilding Co., Ltd., and the naval design company Kostec Co., Ltd., last year signed a contract with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)…
Sener Designs Biofuel Tanker Than Can Capture CO2 from Other Ships
Spanish engineering and technology group Sener said Thursday it had completed the conceptual design of a new sustainable biofuel tanker aimed at supplying biofuels during bunkering operations, that is also capable of capturing CO2 from other vessels.The vessel would be able to carry heavy fuel oil (HFO), very low sulfur fuel oil (VLSFO), biofuels and marine gas oils (MGO), and also store the captured…
Golden Ocean CEO Steps Down. Interim CEO Appointed
Dry bulk shipowner Golden Ocean Group Limited has informed that Ulrik Andersen, Chief Executive Officer of Golden Ocean Management AS, has decided to step down from his position.
Wärtsilä Helping with Decarbonization of Orient Express' Bulk Carriers
Finland-based marine technology group Wärtsilä will partner with Transworld Group to apply what it says are the most advanced decarbonization modeling capabilities to the bulk carriers sector of Orient Express lines of Dubai.Orient Exrpress is owned by Transworld Group and Managed by Transworld Ship Management (TWSM), one of India's premium private sector ship management firms. The project aims to…
Denmark's Semco Maritime to Acquire German Firm Wind Multiplikator
Denmark-based engineering and contracting group Semco Maritime has agreed to acquire German firm Wind Multiplikator, specialized in managing offshore wind farms and projects and providing engineering and consulting services.The transaction also includes all activities in offshore service provider OWS Off-Shore Wind Solutions, which is part of Wind Multiplikator Group. The combined Wind Multiplikator Group focuses on offshore wind O&M related activities…
Eidesvik Offshore to Sell Three Laid Up Seismic Vessels
Eidesvik Offshore has entered into agreements to sell its three remaining seismic vessels, Veritas Viking, Vantage, and Viking Vision, to two separate buyers. All…
