Petrobras to Invest $102 Billion in Next Five Years
Brazil's Petrobras will invest around $102 billion within the 2024-2028 period, the firm's new strategic plan showed on Thursday, representing a major boost in expected investments by the state-run oil company.The plan, the first released by the oil giant since CEO Jean Paul Prates took the helm of the company, includes investments in a range of different segments, with most of it going into oil exploration…
Eni to Invest $10 Billion in Ivory Coast Baleine Field
Eni will invest $10 billion in the development of the Baleine field offshore Ivory Coast, which will take place in three phases from 2023 to 2027, Energy Minister Mamadou Sangafowa Coulibaly said on Thursday.The Baleine field, where certified reserves are estimated at 2.5 billion barrels of oil and 3.3 trillion cubic feet of natural gas, was discovered in 2021 by the Italian energy group off the east coast of the West African country.The field's crude oil production should reach 200,000 barrels
Maritime Craft Services Expands Workboat Fleet with Damen's Multi Cat 2712
Damen Shipyards has delivered one of its Multi Cats to workboat specialist Maritime Craft Services (Clyde) Ltd. The 27-meter Multi Cat 2712 is a mid-range model in the 13-strong class and Damen builds them in series to meet the consistent demand for vessels of this size and capability, the Dutch shipbuilder said.Based on the Firth of Clyde on the west coast of Scotland, Maritime Craft Services (MCS) operates a fleet of 17 workboats, of which 13 have been built by Damen.
Hapag-Lloyd CEO Optimistic that Shipping Markets will Rebalance
Global shipping markets, which are due to add more capacity than anticipated demand will support, have a good chance of rebalancing within two years, the chief executive of Germany's Hapag-Lloyd told reporters on Thursday."The gap between supply growth and demand growth is possibly smaller than people think and therefore, the outlook that the market may recover to a more balanced situation in one or two years is better than most people feel," said CEO Rolf Habben Jansen.The company, the world's
Improving Propulsion Efficiency: Wärtsilä to Retrofit Ten Hafnia Tankers
Finland-based marine technology group Wärtsilä will supply its EnergoFlow and EnergoProFin solutions for ten Bird Class oil and chemical tankers owned by the Singapore-based global tanker operator Hafnia."The combination of the two Wärtsilä systems ensures an optimized waterflow over and after the propeller, thereby improving propulsion efficiency considerably. The order was booked by Wärtsilä in October 2023…
Hanwha Ocean Lands $500M Deal to Build Four Very Large Ammonia Carriers
Hanwha Ocean has secured an order worth approximately $500 million to construct four very large ammonia carriers (VLACs) for Greek shipping company Naftomar Shipping and Trading Co. Ltd. Inc (Naftomar). Each VLAC will be able to transport 93,000 cubic meters (cbm) of ammonia, a carbon-free fuel, making them the largest vessel of their class in the world, Hanwha Ocean. The vessels will be built at Hanwha’s…
Hapo Acquires 1,200-Ton Cranes from Cadeler's Wind Installation Vessels
Hapo International Barges has acquired cranes recently removed from Cadeler's Wind Orca and the Wind Osprey offshore wind installation vessels from Cadeler.These 1,200-ton cranes had to be replaced with even larger cranes for Cadeler to be able to install the next generation of wind turbines. The cranes are each capable of lifting 1200 t with a boom length of 115 m."For Hapo [this is] an excellent opportunity to further strengthen its position in the heavy-lift barge market.On November 1…
N-Sea Extends Braveheart Spirit Charter to 2025 End
Subsea services firm N-Sea said Thursday it had extended the long-term charter agreement for the vessel Braveheart Spirit until December 31, 2025.Since April 2022, N-Sea has had the vessel under full management and control. The vessel, formerly known as the DPSV Bourbon Gulf Star vessel, built in 2010, was acquired in 2021 by Braveheart Marine, converted and upgraded.The DP2 vessel has a carrying capacity of around 3…
Corvus Energy Names Fredrik Witte as New CEO
Corvus Energy, a Norway-based provider of battery energy storage solutions and fuel cell systems for maritime, offshore and port applications, has appointed Fredrik Witte as the new CEO, starting January 1, 2024. Until Witte starts, CFO Mette Rokne Hanestad will serve as the Interim CEO.Witte joins from his position as the Managing Director of Cargill Aqua Nutrition. Commenting on the new appointment…
ONE to Trial Wind-Assist Propulsion
Ocean Network Express (ONE) has launched a wind-assist propulsion trial in partnership with Dutch maritime wind-powered technology company Econowind.The companies are set to install two containerized wind-assist devices, known as VentoFoil containers, on the MV Kalamazoo. The 1,036 TEU feeder vessel operates between Pusan, Yokohama, and Honolulu, and is owned by NORSE UK and operated by Goodwood Ship Management…
Gulf of Mexico Oil Spill Shuts in Around 3% of Daily Output
Around 61,165 barrels of daily oil output from at least six producers, making up about 3% of crude oil production in the Gulf of Mexico, has been shut in by Third Coast Infrastructure's underwater pipeline leak, the U.S. Coast Guard said on Wednesday.The oil producers whose facilities are impacted include W&T Energy, Occidental Petroleum, Walter Oil and Gas, Cantium, Arena Offshore and Talos Energy Ventures, the Coast Guard said, citing the U.S.
AAL Publishes EU ETS Carbon Surcharge Guidance
AAL Shipping has claimed a first for becoming the first project heavy lift carrier to publish a carbon surcharge guidance to help its customers prepare for the increased costs related to forthcoming European Union regulations on carbon emissions.The move comes ahead of the extension of the EU Emissions Trading System (EU ETS) to cover the maritime industry, affecting shipping lanes between Europe and the rest of the world from January 1…
Marlink Releases Unified Threat Management Solution
Marlink has further strengthened its cyber security portfolio with the addition of CyberGuard Unified Threat Management (CyberGuard UTM) to secure its customers’ digital transformation strategies.CyberGuard UTM reflects the growth of cyber threats in the maritime industry and the need to protect people and assets across a broader range of digital solutions. In particular, the growth of new LEO and…
US Reviewing Possible 'Terrorist' Designations for Houthis Following Ship Seizure
The United States is reviewing "potential terrorist designations" for Yemen's Houthi rebel group in response to its seizure of a cargo ship, White House national security spokesperson John Kirby said on Tuesday.Kirby's comment was significant because one of the Biden administration's first acts after taking office in January 2021 was revoking terrorist designations of the Houthis over fears the sanctions they carried could worsen Yemen's humanitarian crisis.The Iran-backed Houthis…
BMT and Strategic Marine Partner on Crew Vessel Sustainability
U.K. headquartered naval architecture and marine engineering firm BMT is teaming up with Singapore-based shipbuilder Strategic Marine to drive the offshore wind crew vessel industry toward a more sustainable future.Under a new Long-Term Agreement (LTA), the partners will introduce emissions-reducing design solutions, specifically focusing on advancing the StratCat range of crew transfer cessel (CTV) designs.Martin Bissuel…
Maersk Enters Deal for Half a Million Tonnes of Green Methanol Annually
Maersk on Wednesday announced it had entered into the shipping industry's first large-scale agreement for green methanol from China's Goldwind, and said production of green methanol was high on the political agenda in China.Shipping industry leader Maersk is investing in green fuels to power its fleet as it strives to reach net-zero emissions by 2040, while the shipping industry, responsible for 3% of global greenhouse gas emissions…
MAN Engine Ordered for World's First Methanol-fueled VLCC
China Merchants Energy Shipping (CMES), the Shanghai-listed shipping giant and daughter company of China Merchants Heavy Industry (CMHI), has ordered an MAN B&W 7G80ME-LGIM (-Liquid Gas Injection Methanol) main engine in connection with the construction of a very large crude carrier (VLCC). The first such dual-fuel methanol order for the ship type, Dalian Shipbuilding Industry Co (DSIC) will construct…
Austal Delivers Samoa-bound Patrol Boat
Shipbuilding group Austal announced its Austal Australia division has delivered the 18th Guardian-class Patrol Boat (GCPB) to the Australian Department of Defense. The vessel, Nafanua III, was accepted by representatives from the Department of Defense and then gifted by the Australian Government, to the Samoa Police Service at a handover ceremony held at HMAS Stirling in Western Australia on Wednesday.Austal…
Meyer Werft Bags Its First Offshore Order
German shipbuilder Meyer Werft reports it has secured its first order within the growing offshore converter platform business.The Papenburg shipyard—part of the Meyer Group, known primarily for building cruise ships—will carry out the majority of the steel work for converter platforms for the DolWin4 and BorWin4 offshore connections as well as BalWin1 and BalWin2, all destined for the North Sea."This order is a milestone for us in our entry into the construction of converter platforms…
Offshore Wind: Marco Polo Marine, Vestas Pen Deal for Newbuild CSOV
SGX-listed Marco Polo Marine has signed a framework agreement with wind turbine maker Vestas, which finalizes the previous Memorandum of Understanding signed in December 2022 between its Taiwan-based subsidiary, PKR Offshore Co., Ltd and Vestas Taiwan Co., Ltd for the maiden deployment of its new Commissioning Service Operations Vessel (CSOV). According to Marco Polo Marine, the new CSOV, which can accommodate up to 110 people…
