US Offshore Wind Writedowns Seen Soaring with Orsted Earnings
European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days.Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its U.S. offshore developments due to supply chain problems…
Grounded Cargo Ship Refloated in the Caribbean
A cargo ship that ran aground off St. Thomas in the U.S. Virgin Islands earlier this month has been refloated and towed to a safe mooring location at the Crown Bay Sandfill dock, the U.S. Coast Guard said.Vessel owners and salvors will now coordinate further operations to remove the damaged cargo, remaining oil and conduct further salvage or repair operations for the Bonnie G.The Vanuatu-flagged vessel began taking on water and ran aground on October 4…
Panama Canal to Slash Booking Slots Due to Drought
Daily ship crossings on the Panama Canal, one of the world's main maritime trade routes, will be further reduced over the coming months due to a severe drought, the authorities managing the canal said late on Monday.Booking slots will be cut to 25 per day between November 3 to November 6, the Panama Canal Authority (ACP) said in a shipping advisory, and will be gradually reduced further over the coming months to 18 per day beginning February 1…
Fire-hit Paranagua Port Berth to Resume Ops Nov. 4
Shipping agent Cargonave said on Tuesday Berth 201 on the West Corridor of Brazil's port of Paranagua would tentatively resume operations on Saturday, according to a note to clients based on information it said it received from the local port authority.The port authority did not have an immediate comment on Cargonove's new note to clients.Previously, Cargonave had said operations would resume on Thursday…
DOF to Manage AHTS Duo Previously Owned by Havila Shipping
Norwegian offshore vessel owner Havila Shipping said Monday it had sold the platform supply vessel Havila Commander and the AHTS vessels Havila Jupiter and Havila Venus, following demands from lenders.A day later, Norway-based offshore vessel operator DOF announced the expansion of the fleet "with the addition of the high end AHTS Skandi Jupiter and Skandi Mercury, formerly known as the Havila Jupiter…
Carnival Signs 15-year Service Deal with ABB
ABB announced it has secured a 15-year agreement covering service for Carnival Corporation brand vessels powered by Azipod XO electric propulsion systems.The deal aims to simplify service management of Azipod XO propulsion units, with ABB experts remotely available 24/7 to support the vessels’ electric engineering crew on maintenance, based on ABB Ability Remote Diagnostic System and ABB Ability Condition Monitoring for Azipod propulsion.
Crowley Names Guthman VP of Business Development for Wind Services
Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector.Guthman most recently served as executive general manager of sales and commercial operations for GE Offshore Wind. During her tenure there, she built the company’s North American sales, marketing and supply chain strategy. Guthman also worked as General Electric’s senior sales director for the western U.S.
China Cooperating in Balticconnector Investigation, Finland Says
Finnish Prime Minister Petteri Orpo on Tuesday that China was cooperating in Finland's investigation of the Hong Kong-flagged NewNew Polar Bear vessel's role in the Oct. 8 damage to the Balticconnector pipeline.Finnish police leading the criminal investigation have named the NewNew Polar Bear container carrier as the prime suspect in damaging the gas pipeline early on Oct. 8, saying it was too early to tell if this was an accident or a deliberate act.A large anchor…
ABS and Sea Forrest Collaborate on Maritime Electrification Tech
The American Bureau of Shipping (ABS) and Sea Forrest Power Solutions (Sea Forrest), a subsidiary of BH Global, have signed a Memorandum of Understanding (MOU) to drive advancements in cutting-edge maritime electrification technologies.Supported by the new ABS Electrification Center in Singapore, the agreement will cover projects for electric vessels, shore charging infrastructure, along with related industry standards and marine classification requirements…
MISC to Supply FSU for Petronas LNG Regasification Terminal
Malaysia's MISC has entered into a binding Heads of Agreement (HOA) with Pengerang LNG (Two) Sdn. Bhd. (PLNG2SB), a subsidiary of PETRONAS Gas Berhad (PGB), for the supply, operation, and maintenance of a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU)intended to be deployed at the PETRONAS LNG Regasification Terminal Pengerang (RGTP) in Johor."This project is a continuation of the collaboration…
M3 Marine (Offshore Brokers) UK Ltd Appoints Robert Day as Managing Director
M3 Marine (Offshore Brokers) UK Ltd (M3OBUK) – a newly established London-based broking company focusing on the offshore and renewables sectors, announced on Tuesday the appointment of Robert Day as its Managing Director.Day brings with him almost a decade of experience, having previously held the role of Associate Director and Head of Offshore at VesselsValue, where he ran the offshore desk which specialized in valuations…
Sustainable Shipping Focus: MEYER Group Acquires 50% Stake in C-Job Naval Architects
MEYER Group has agreed to acquire a 50 percent stake in ship design and engineering company C-Job Naval Architects.C-Job is an independent company that operates worldwide with offices across five countries and has its headquarters in the Netherlands. MEYER Group is an international consortium including MEYER Werft with three shipyards in Papenburg, Rostock, and the Finnish city of Turku."C-Job Naval…
US Reviews of Gas-export Permits Slow Under Biden Administration
U.S. Department of Energy reviews for liquefied natural gas (LNG) export permits have lengthened under President Joe Biden's administration to 11 months or more, from seven weeks, according to government data.The delay could mean nearly completed LNG projects may not being able to supply big European buyers because of a lack of the permit. Increasing LNG exports is opposed by some U.S. industries who fear it could raise domestic prices…
US Opens Northernmost Diplomatic Station, in Arctic Norway
The United States on Friday opened its northernmost diplomatic station, highlighting the increased importance of the Arctic region for Washington at a time when cooperation among Arctic nations has been hit by Russia's invasion of Ukraine.Secretary of State Antony Blinken announced the opening of the station, in Tromsoe, Norway, in June, as a means for the United States to have a "diplomatic footprint above the Arctic Circle"."Symbolically…
Seaspan Lays Keel for Canadian Navy's Second Joint Support Ship
Seaspan Shipyards hosted a ceremonial keel laying event for the Royal Canadian Navy’s (RCN) future HMCS Preserver.Scheduled for delivery in 2027, the vessel is the second of two Joint Support Ships being built by Seaspan as part of Canada's National Shipbuilding Strategy (NSS). Through incorporating lessons learned on the design and construction of JSS1, the second Joint Support Ship is tracking ahead…
Fairbanks Morse Acquires American Fan
Defense contractor Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has acquired American Fan, a axial and centrifugal fan manufacturer based in Fairfield, Ohio.“Now more than ever, Fairbanks Morse Defense remains committed to expanding our growing array of OEM equipment to ensure that our fleet is always mission-ready,” said George Whittier, FMD CEO. “American Fan has a long track record of delivering high-quality products to the U.S.
Wintershall Dea Extends Viking Princess Vessel Contract
Oil and gas company Wintershall Dea has declared options to extend the contract for Eidesvik Offshore's supply vessel Viking Princess. The contract extension runs from January 2024 in direct continuation of the current contract, extending the firm period to January 2025.“This extension is a quality mark for the operations and services delivered, and we look forward to continuing our cooperation with Wintershall Dea”…
Havila Shipping Sells Three Offshore Vessels to Repay Debt
Norwegian offshore vessel owner Havila Shipping said Monday it had sold three vessels following demands from lenders.Havila Shipping said that, under its restructuring agreement, it had sold the platform supply vessel Havila Commander and the AHTS vessels Havila Jupiter and Havila Venus."The ships are scheduled to be delivered to new owners at the beginning of November. The sales proceeds will be used to repay the debt and will have a limited effect on the company's liquidity…
World Maritime University Graduates Class of '23
On 28 October, the maritime leaders of tomorrow - World Maritime University (WMU) class of 2023 - graduated. The WMU 2023 graduating class includes 283 graduates from 71 countries, including a record of 99 women graduates.WMU President, Professor Maximo Q. Mejia, Jr., delivered welcome remarks. As a WMU graduate himself, President Mejia reflected on the power of the WMU experience and how it affects the way one thinks, works, plans, and interacts.
W&O Supply Adds BROEN Clorius Controls’ Low-leakage Valves to Its Portfolio
W&O Supply will add BROEN Clorius Controls' low-leakage valves to its portfolio of marine valves, actuated valves, pipes and engineered solutions.Engineered to helping vessel owners and operators in the international maritime industry to reduce their carbon emissions, the new product is an ultra-low leak three-way valve especially designed for HT-systems on 2-stroke main engines. It increases system efficiency…
