Panama and UAE Establish Blue Pass Project
The Panama Maritime Authority has signed a Memorandum of Understanding (MoU) with the Ministry of Energy and Infrastructure of the United Arab Emirates (UAE) to create new incentives for vessels of the Panamanian Registry. The MoU establishes a framework for the development of the “Blue Pass” project. Ships of the Panamanian Registry will receive benefits when they enter and exit UAE ports, including discounts in auxiliary services with all companies…
Greece Aims to Deter Russian Oil Ship-to-Ship Transfers
The Greek navy on Wednesday extended an advisory effectively banning ship traffic off the coast of the southeastern Peloponnese that two sources said was aimed at deterring ship-to-ship transfers of Russian oil off Greece.Greece, in a rare move, over the past weeks has issued two NAVTEX notices for military exercises in the Laconian Gulf area, urging merchant and other vessels to avoid the area. One of them was issued on May 1."It was initially expiring on May 9 but was extended today…
Colombia's Ecopetrol Talking to Very Large Offshore Wind Players
Colombia's majority state-owned energy company Ecopetrol has held talks with big players ahead of a potential bid in an offshore wind auction organized by the country's government, Chief Executive Ricardo Roa said on Wednesday.Roa was speaking during a call with analysts regarding the company's financial results for the first quarter of 2024, where net profit dropped 29% to 4.01 trillion pesos ($1…
Australia Backs Long-Term Gas Exploration
Australia's resources minister said on Thursday she backs the long-term exploration of potential natural gas projects, setting up a potential clash with opposition lawmakers and some in the incumbent Labor Party that oppose its use.Australia, one of the world's largest producers of liquefied natural gas (LNG), is committed to reducing its emissions to net zero by 2050.But Resources Minister Madeline King said in a column in the Australian Financial Review on Thursday, ahead of the launch of the
US Sends Warship Through Taiwan Strait Ahead of Presidential Inauguration
A U.S. warship sailed through the narrow Taiwan Strait on Wednesday, less than two weeks before Taiwan's new president takes office, prompting an angry denunciation from Beijing.China claims sovereignty over democratically governed Taiwan, and says it has jurisdiction over the strait. Taiwan and the United States dispute that, saying the Taiwan Strait is an international waterway.U.S. warships, and occasionally U.S.
Unfinished Hornbeck MPSV Arrives at Eastern for Build Completion
The first of two incomplete ultra high-spec multipurpose support vessels (MPSV) has arrived at Eastern Shipbuilding Group's Port St. Joe Shipyard, where the builder will finish constructing the vessel for Hornbeck Offshore Services.Earlier this year, Eastern secured a contract to complete construction of the two 400 class MPSVs after Hornbeck terminated the original build contracts with Gulf Island Shipyards in Houma, La. in 2018 over what it described as "performance issues".
Olympic Flame Sails into Marseille Aboard 128-year-old Tall Ship
The Olympic flame landed on French soil amid tight security on Wednesday, firing the starting gun on a summer extravaganza of sport that President Emmanuel Macron hopes will showcase the splendours of France and burnish his legacy.The flame arrived in Marseille, a port city in southern France founded by Greek merchants, after a 12-day trip from Greece onboard the Belem, a 128-year-old three-masted…
VARD to Build Hybrid Ocean Energy Construction Vessel for Island Offshore
VARD announced it has been awarded a contract to design and build a hybrid power Ocean Energy Construction Vessel (OECV) for the Norwegian shipping group Island Offshore. The deal includes options for two more vessels.The vessel, to be named Island Evolution, is of VARD 3 25 design developed in close collaboration between Island Offshore and VARD for work in offshore oil and gas as well as renewables."We…
ULA Orders Rocket Transport Ship from Bollinger
American aerospace manufacturer ULA on Wednesday announced it has ordered a new ship to transport rockets from its factory in Decatur, Ala. to launch sites at Cape Canaveral Space Force Station in Florida and Vandenberg Space Force Base in California.ULA said it awarded a contract to build the 356-foot-long roll-on/roll-off vessel to Bollinger Shipyards, who recently started constructing the new ship at its shipyard in Amelia, La.
Fukuoka Shipbuilding Delivers New Chemical Tanker to Fairfield
Fairfield Chemical Carriers has taken deliver of its latest vessel, Fairchem Pathfinder, a 26,222 DWT IMO 2/3 chemical tanker built by Japan's Fukuoka Shipbuilding.Fairchem Pathfinder is the first in a series of four LNG-dual fuel sister vessels being built by Fukuoka for Fairfield.The 158.4-meter-long (LOA) stainless steel chemical tanker is classed by NK and registered in the Marshall Islands.U.S.…
ABS and Seatrium Partner on Decarbonization and Energy Transition
U.S.-based classification ABS on Wednesday announced it is expanding its partnership with Singaporean shipbuilding group Seatrium to advance cutting-edge marine and technology projects that target decarbonization and energy transition in the marine and offshore sectors.The newly signed three-year Technology Collaboration Agreement (TCA) entitled “Accelerating Decarbonization and Energy Transition”…
Ulstein Verft Begins Outfitting Olympic's Next CSOV
The second in a series of new construction service operation vessels (CSOV) being built for Olympic has entered the outfitting phase.The newbuild was towed from the Crist hull yard in Poland, arriving on Wednesday at Ulstein Verft in Norway where the outfitting phase will now begin. The vessel was towed into the dock hall where the paint work will be performed. Commissioning and testing will take place in the project's concluding months.In 2022…
Conflict Heating Up Over Cosco's Megaport in Peru
The Chinese state-owned company at the center of a dispute over operations of a megaport it is building on Peru's Pacific coast insisted on Tuesday on terms agreed with the government, as some local officials have sought to backtrack on the deal.Hong Kong-based Cosco Shipping Ports will defend its legal rights to provide services as the exclusive operator of the deepwater Chancay Port Terminal under "terms that were agreed at the beginning of this investment…
US Completes Pier to Deliver Aid for Gaza
Aid for Gaza was being loaded onto a ship in Cyprus on Wednesday in what was expected to be the first cargo to be delivered using a U.S. pier built to expedite supplies to the besieged enclave.Containers were being stacked on the U.S. flagged Sagamore, docked at the port of Larnaca, on Wednesday. Some containers to the ship were labelled as aid from the United Arab Emirates.Konstantinos Letymbiotis…
McDermott’s Subsidiary Grabs Marsa LNG Job Worth Up To $250M
CB&I, a wholly owned subsidiary of McDermott, has been awarded a significant contract by TotalEnergies and OQ joint venture for the engineering, procurement, construction (EPC) of a full containment concrete liquefied natural gas (LNG) storage tank, located in Oman's Port of Sohar.Under the contract, awarded by Marsa Liquefied Natural Gas, CB&I will provide turnkey EPC services for a 165,000m3 full…
Kongsberg Thrusters for Six Tunisian PA Tugs
Kongsberg Maritime won a contract to supply azimuth thrusters to Turkish shipbuilder Med Marine, to power six new sterndrive tugs for the Tunisian port authority OMMP.The new tugs, of Robert Allan RAstar 2800 series design, are designed for a range of towing and harbor operations in Tunisian ports.Kongsberg Maritime will supply a pair of its US205 FP azimuth thrusters to each of the six 28-m vessels.
Container Ship Deliveries Hit YTD Record
“In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another record has been set as more than 1 million TEU has already been delivered during the first four months of the year, an increase of nearly 80% compared to the previous record,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.As ship recycling has so far only retired 19 smaller ships…
Vard Selects TMC to Equip Prysmian’s Newbuild Cable Laying Vessel
Norwegian shipbuilder Vard has hired TMC Compressors (TMC) to supply a complete marine compressed air system to a newbuild cable laying vessel being built for Prysmian.Under the contract, whose value was not disclosed, TMC will deliver a marine compressed air system consisting of control and service air compressors to the vessel.The company will manufacture the equipment in the Nordic region and deliver…
Damen and Siemens Set Up Vessel Financing Facility
Damen Financial Services (DFS) and Siemens Financial Services (SFS) have joined forces to establish a new facility for vessel financing solutions under the name of Damen Ship Lease (DSL).The DSL facility is now one of the funds of Damen Ship Lease Cooperation which is managed by DFS. It is designed to provide current and prospective ship owners with the ability to expand their fleets by enabling them to acquire state-of-the-art vessels using flexible financing options.
Bluestone to Supervise Construction of Prysmian's Two New Cable Layers
Bluestone Group, a maritime technical services company, has secured a contract for plan approval and site supervision of two new cutting-edge cable-laying vessels operated by Prysmian.The two new cable-laying vessels, the first of which is under construction and the second under design, will reinforce Prysmian’s submarine project execution capabilities.The first vessel, which will be an evolution of Prysmian’s preceding vessel…
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