US Builder ReconCraft to Produce Special Forces Boats for Norway
U.S. boatbuilder ReconCraft has been awarded a contract to build for two Combatant Craft Medium vessels for Norway, the Pentagon announced.The $22,070,151 firm-fixed-price contract contract includes options which, if exercised, would bring the cumulative value of this contract to $30,950,521.Work will be performed in Clackamas, Ore., and is expected to be completed by August 2025. If all options are exercised…
US to Bolster Defensive Posture to Protect Gulf Shipping
Iran has increased its attacks on commercial shipping in recent months and the Pentagon will begin to bolster defensive posture in the region on Friday, White House spokesperson John Kirby said.In the past two years, Iran has harassed, attacked or interfered with the navigational rights of 15 internationally flagged commercial vessels, Kirby said."Today, the Department of Defense will be making a series of moves to bolster our defensive posture in the Arabian Gulf…
Spain Seizes Brazilian Fishing Boat with Cocaine Haul on Rough Seas
Spanish authorities have seized a Brazilian-flagged fishing boat off the Canary Islands with 1.5 tonnes of cocaine in a hidden compartment in its machine room, police said on Friday as they brought the boat to the port of Las Palmas.Authorities shared a video of the 25-metere Efesios 5-20 being approached on rough seas by a speedboat sent from the patrol ship Condor.Officers arrested the crew of six people - five Brazilians and a Venezuelan national.
Containership Towed to New Zealand After Mayday Call
A Singapore-registered containership that lost power and steering in heavy seas off the west coast of New Zealand has been towed to safety.The 5,100 TEU capacity Shiling requested assistance from Maritime New Zealand at around 8:30 a.m. local time Friday, after losing main propulsion while en route from Auckland to Wellington.The 294-meter-long containership started rolling severely after drifting…
REM Purus' New CSOV Named in Aalesund, Norway
Commissioning Service Operation Vessel (CSOV) REM Power was named at a ceremony in Aalesund, Norway on Friday.The Rem Power, owned by Rem Purus, designed to offer services and maintenance operations at offshore wind farms, was named in the center of Ålesund in front of shipbuilder VARD’s headquarters.This is the first of two CSOVs VARD is delivering to Rem Purus.The REM Power is a CSOV of the VARD 4 19 design, developed by Vard Design.
Record US Crude Exports, Rising Shale Output Boosts Oil Flow to Houston
Oil pipelines from the top U.S. shale field to Houston that have run half empty are filling again as rising output has absorbed most of the space on lines to the main south Texas export hub in Corpus Christi.U.S. crude exports climbed to a record of about 4.5 million barrels per day (bpd) in March, spurred by recovering Chinese demand and competitive pricing for U.S. oil. Sanctions on Russian crude…
Herbert-ABS Software Solutions Debuts Herbert-ABS Wind
Herbert-ABS Software Solutions released its Herbert-ABS Wind program, touted as a regulatory wind and overturning moment calculation tool that can be provided as a stand-alone application…
Osman Named President, CEO at AET
MISC Berhad announced the change of President & CEO and Chairman of AET effective June 1, 2023. Zahid Osman has been appointed as the President & CEO, succeeding Capt. Rajalingam Subramaniam. The current Chairman, Datuk Yee Yang Chien will step down as of 31st May 2023, and Capt. Rajalingam will take over as the Chairman of AET on June 1, 2023.Currently, Osman is the Vice President of Corporate Planning at MISC.
Panama Updates its General Merchant Marine Law
The Panama Maritime Authority (AMP) and Panama’s main maritime associations concluded the meetings for the revision of the General Merchant Marine Law, law 57 of August 6, 2008.A total of 188 articles were reviewed; 70 were modified; 10 were eliminated and more than 12 new articles were proposed, and all of them were approved in consensus. These amendments aim at improving the competitiveness of the…
Largest Vessel in Solstad Fleet, Normand Maximus, Set for Long-Term Hire with Unnamed Subsea Contractor
Norwegian offshore vessel operator Solstad Offshore said Friday it had has received a Letter of Intent from an undisclosed subsea contractor for hire of the construction support vessel (CSV) Normand Maximus.The subsea contractor would hire the CSV for a period of a minimum of 490 days with the start-up in the first quarter of 2024.The commercial terms are confidential between the parties but are in line with present market terms for this vessel category…
US Permit Crackdown Poses New Hurdles for Proposed LNG Projects
The U.S. Department of Energy's refusal to grant export permit extensions to liquefied natural gas (LNG) developers that fail to meet a construction deadline poses a new hurdle for greenfield plants, analysts said on Thursday.The DOE last month said it would grant future extensions solely on extenuating circumstances and rejected an extension for Energy Transfer's proposed Lake Charles LNG project.The change will fall heavily on firms without a track record and available financing…
MSC’s World Europa Equipped with GE Propulsion
GE Power Conversion was chosen by shipbuilder Chantiers de l’Atlantique to supply electric propulsion for the first two of the World Class vessels, MSC Cruises’ latest class of ships. The first ship, MSC World Europa, is now in operation at sea, and the second vessel is currently in build.The LNG dual-fuel vessels are propelled by the most powerful cruise ship electrical motors in operation - two 25 MW…
US Envoy Says Russian Ship Picked Up Arms in South Africa
The United States envoy to South Africa said on Thursday he was confident that a Russian ship had picked up weapons in South Africa last year, in a possible breach…
Bollinger Delivers USCGC John Patterson to the US Coast Guard
Bollinger Shipyards has delivered the USCGC John Patterson to the U.S. Coast Guard in Key West, Fla. This is the 179th vessel Bollinger has delivered to the U.S. Coast Guard over a 35-year period and the 53rd Fast Response Cutter (FRC) delivered under the current program.The USCGC John Patterson will be the fourth of six FRCs to be homeported in Sector Boston.Each FRC is named for an enlisted Coast Guard hero who distinguished themselves in the line of duty. The cutter’s namesake, John C.
Höegh Autoliners Announces Green Ammonia Supply Deal
Höegh Autoliners announced it is partnering with Norwegian green energy provider North Ammonia for the supply, distribution, delivery and consumption of green ammonia, a carbon free fuel produced using renewable energy.Under the deal, North Ammonia—established by Grieg Maritime Group and Arendals Fossekompani in 2021—will supply Höegh Autoliners with green ammonia from its planned production facility…
Recent News a ‘Mixed Bag’ for US Offshore Wind
The month of May brings a mixed bag of news for offshore wind in the United States, as outlined in the latest U.S. Offshore Wind Report from business intelligence firm Intelatus Global Partners.In the "positive" category, Intelatus said federal permitting of projects continues on schedule, and states continue to plan to procure and accommodate ever larger amounts of wind produced offshore into their onshore grids.
ADNOC L&S, SeaOwl Designing Unmanned Supply Vessels for Offshore Operations
ADNOC L&S, the shipping and maritime logistics arm of the Abu Dhabi-based oil firm ADNOC, has signed an agreement with SeaOwl for the design of unmanned remotely operated vessels capable of transporting vehicles, equipment, and supplies to and from offshore sites.ADNOC L&S said these vessels would reduce carbon emissions by up to 30% as the vessel will be lighter and smaller, as facilities for a crew are not required.
Tanker Firm Euronav Beats Q1 Profit Estimates, Proposes Higher Dividend
Belgian oil tanker and storage operator Euronav reported better-than-expected first-quarter revenue and core earnings on Thursday, supported by an improvement in freight rates, and proposed raising its dividend. "The counter seasonal strength recorded in Q1 underpins our view that strong and durable drivers are in place to continue a multi-year upcycle in large crude tanker freight markets," CEO Hugo De Stoop said in an earnings statement.
Fincantieri Must Reach 3% Profit Margin 'to make economic sense' - CEO
Loss-making Italian shipbuilder Fincantieri must reach a 3% net profit margin "to make economic and industrial sense," its chief executive said on Wednesday, without setting a date for the goal. "That's where we want to be when our work is done," Pierroberto Folgiero told reporters following a meeting with investors in Milan after taking on the role a year ago. "To 'future-proof' Fincantieri ... we need a green and digitalized business model ... and a 3% margin for the bottom line," he added.
African Leaders Positive About Participation in Decarbonization
Africa's abundance of solar, wind and thermal energy across the continent can place Africa at the core of the global decarbonization of maritime transport, the IMO conference on Low-Carbon Shipping in Africa heard on May 5.Speaking at the Conference, held in In Mombasa, Kenya, and co-organized with the Kenya Maritime Authority, The Hon. Kwaku Ofori Asiamah, Minister of Transport, Ghana, said Africa is the key to speeding up global climate action on the Decarbonization Agenda.
