BP to Defend its Rights in Venture Global LNG Dispute
BP will defend its rights "to the absolute fullest" in an arbitration case against U.S. exporter Venture Global LNG over failing to supply contracted cargoes, Chief Executive Officer Bernard Looney said on Tuesday.Oil companies Shell SHEL.L and have separately filed for arbitration against Venture Global LNG over failing to supply contracted cargoes, even as it sold to non-contract customers while prices were soaring."You can expect us to defend our legal rights to the absolute fullest…
Santa Barbara Harbor Patrol Contracts for New Rescue/Patrol Boat
Moose Boats won a new contract from Santa Barbara Harbor Patrol for the construction of a M2–35 Catamaran Rescue/Patrol Boat. “The Santa Barbara Harbor Patrol is excited to partner with Moose Boats to build our next generation patrol, fire, and rescue vessel," Santa Barbara Harbor Patrol Supervisor, Nathan Alldredge. "Santa Barbara Harbor Patrol is the primary emergency response for the city’s harbor, marina, beaches and Wharf.
Training Tips for Ships: Embracing Technology
Tip #49 - Embracing Technology for Effective Maritime TrainingThe maritime industry, like so many others, has experienced a wave of technical advances in recent years. These changes have opened new doors for enhancing the quality of training and skill development for maritime professionals. In this edition of Training Tips for Ships, we'll consider how incredibly far we have come and explore how embracing…
BP, Equinor Seek Better Terms for U.S. East Coast Offshore Wind Projects
BP and its partner Equinor are renegotiating the terms of power supply agreements linked to their giant wind developments off the U.S.
$1B Contract for Trio of Next-Gen Italian Navy Patrol Boats
As part of the OPV (Offshore Patrol Vessel) acquisition program of the Italian Navy (MM), Orizzonte Sistemi Navali (OSN), the joint venture owned by Fincantieri and Leonardo with stakes of 51% and 49% respectively, signed with the Directorate of Naval Armaments of the General Secretariat of Defence/DNA, the contract for the construction of three new generation patrol boats, with an option for three more.The value of the contract for the first three boats is $1B…
"Handing Over the Keys" of the Wismar Shipyard
The insolvency administrator of the MV Werften Group, Dr Christoph Morgen, today handed over the symbolic key of the Wismar shipyard to Bernard Meyer of Meyer Wismar. The shipyard, which has been owned by TKMS since June 2022, has been leased back by the insolvency administrator and subleased to Meyer Wismar for the completion of the cruise vessel located in the dock hall. Present at the handover were approximately 400 employees…
Baltic Index Climbs to Over 1-month High on Demand for Larger Vessels
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a fifth straight session on Tuesday, boosted by higher demand for larger vessels.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, rose by 23 points, or 2%, to 1,150, its highest level since June 27.The capesize index added 47 points, or 2.5%, to 1…
Turkey's Feyz Group Orders Three Cargo Ships from Damen
Damen Shipyards and Turkey’s Feyz Group have signed a contract for the delivery of three new Damen Combi Freighters 3850, with the vessels set to be delivered in early 2025. The deal marks Damen's first new build cargo vessel sale to a Turkish customer.The Combi Freighter (CF) 3850 is a recently redesigned general cargo vessel with a deadweight of 3,850 tonnes. With a length overall of 89.70 meters and a 12.50-meter beam…
Boskalis Installs First U.S.-Made Offshore Substation for South Fork Wind Project
Dutch marine services firm Boskalis said Monday it had completed the installation of the first U.S.-made offshore substation, built for the South Fork Wind offshore wind project.Kiewit built the 1,500-ton, 60-foot-tall substation at its Ingleside facility near Corpus Christi. After installing the foundation and the modular support frame, this week at Ørsted and Eversource’s South Fork Wind, Boskalis'…
BOEM Announces Three Final Wind Energy Areas Offshore Delaware, Maryland, and Virginia
The U.S. Bureau of Ocean Energy Management (BOEM) on Monday announced three final Wind Energy Areas (WEAs) offshore Delaware, Maryland, and Virginia.These areas, BOEM said, were developed following extensive engagement and feedback from states, Tribes, local residents, ocean users, federal government partners, and other members of the public.If fully developed, the final WEAs could support between four and eight gigawatts of energy production.
Wartsila's Methanol-fueled Engines for CMA CGM Container Ships
Finland-based marine technology and equipment supplier Wärtsilä will supply methanol-fueled auxiliary engines for the French shipping company CMA CGM.The engines have been ordered for six 15,000 TEU container vessels that are being built at the Dalian Shipbuilding yard in China.The six container vessels will be the first CMA CGM vessels ordered to operate on methanol fuel.The choice of methanol is said to be central to the CMA CGM's current decarbonization ambitions…
Two Week Contract Extension for FPSO in Nigeria
FPSO leasing company BW Offshore has signed a short-term extension for its Abo FPSO.The extension was signed with Nigerian Agip Exploration Ltd, a subsidiary of the Italian oil firm Eni, and runs until August 14, 2023.BW Offshore has been in talks to divest the FPSO, which is operating at the Abo field offshore Nigeria, and is seen as non-core to its FPSO fleet. This extension is the latest in a series…
Video: Ship-to-Ship Oil Transfer from FSO Safer Progressing Well
The ship-to-ship transfer of the oil from the FSO Safer to the replacement oil tanker Yemen (formerly known as Nautica) began last week.It was an important milestone in this United Nations-coordinated operation to avert a potential massive environmental and humanitarian disaster off the coast of Yemen.Boskalis reports that the oil transfer is progressing well and will take two to three weeks.Hydraulic pumps have been lowered into each tank of the FSO Safer.
Ship Recycling Sentiment Remains Low
Recycling sentiments remain negative overall, according to cash buyer GMS, and it seems to now be a declining market.There are very few open recyclers and they are unwilling to offer realistically on the few vessels that are currently available in the market.Ravaging monsoon rains are the leading cause of the ongoing slowdown in the sub-continent as minimal cutting / recycling activities at yards is taking place and as such…
