Seatrium Wins Contract for LNG Carrier Repairs and Upgrades
Seatrium has won a Favoured Customer Contract (FCC) with Hyundai LNG Shipping, marking its first long-term strategic partnership agreement with a leading Korean LNG company for the repairs and upgrades of its LNG carriers.The contract includes the refit of a series of LNG carriers over the next two years, with responsibilities in joint planning, information and experience sharing with Hyundai LNG Shipping.The…
HydroComp Releases New Features for its NavCad System
HydroComp has announced the 2024 development of new technical features and workflow improvements for its NavCad® system.Release Build 2024.0 brings an updated prediction model for the partial load efficiency of PMAC (permanent magnet AC) motors. It also introduces a new scripting function to support its continuing development of oblique flow corrected KTKQ prediction (File.ExportFullKTKQ) for its Premium Edition.An interface theme update has also been finalized.
Commissioning of Russia's 120MW Nuclear Icebreaker Postponed
Russia is pushing back the commissioning of its planned 120 megawatt (MW) icebreakers, according to media reports.First Deputy Prime Minister of the Russian Federation Denis Manturov said the lead nuclear-powered icebreaker of Project 10510 Leader series, Rossiya, is scheduled to be comissioned in 2030, three years later than originally planned, Russian newspaper Kommersant reported. Construction has been underway at the Zvezda shipbuilding complex in the Russian Far East since 2020…
Ukraine Destroys Russian Black Sea Minesweeper
Ukrainian forces have destroyed Russian Black Sea fleet minesweeper, a statement from the Ukrainian navy said on Sunday."Last night the Ukrainian Defence Forces destroyed the Russian Black Sea Fleet's Project 266-M Kovrovets minesweeper," it said on the Telegram messaging app.(Reuters - Reporting by Pavel Polityuk; Editing by David Goodman)
Norwegian Cruise Raises Forecast—Again
Norwegian Cruise Line Holdings on Monday raised its full-year profit forecast for a second time in less than three weeks, betting on record demand for cruise vacations and higher ticket prices, sending its shares up as much as 7.7%.More travelers are choosing sea-based vacations that offer a range of fun activities under one roof, compared to expensive land-based holidays, benefiting cruise operators and giving them room to raise prices.Expectations have also been high for the Miami-based Norweg
Hungary Detains Captain of Cruise Ship Involved in Danube Collision
Hungary has detained the captain of a Swiss-based cruise ship involved in a collision with a small motor boat on the Danube River late on Saturday that killed two people, with five others still missing, police said on Monday.The accident was reported on Saturday night after a 35-year-old man was found with a bleeding head wound near a main road by the river near Veroce, 55 km (34 miles) north of the capital Budapest.The body of a man was recovered downstream south of Veroce…
Outlook ‘Surprisingly Positive’ for US Offshore Wind
It certainly has been an active few months in the U.S. offshore wind space.Despite some ongoing issues, the fundamentals are looking surprisingly positive in the context of what has taken place over the last 12 months. In fact, the key concern for developers and the supply chain will be any negative impacts to offshore wind development arising from the forthcoming Presidential elections.So why are…
Saltchuk to Acquire Overseas Shipholding Group
Seattle-headquartered Saltchuk on Monday announced it has entered into a definitive agreement to acquire Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla., in a deal worth $950 million.Privately-held Saltchuk—OSG’s largest shareholder—said the transaction assigns OSG an aggregate equity value of approximately $653 million. Under the deal's terms…
Decommissioned Navy Tanker Is Largest Ship to Be Recycled in Australia
One of the largest vessels in Australian history, HMAS Sirius, has been recycled.After 15 years’ service as a Royal Australian Navy fuel tanker – and two years since her decommissioning at HMAS Stirling, Perth, in December 2021 – the ship has now become scrap metal.Sirius is the largest vessel to be dismantled in Australia, with industry partner Birdon Group carrying out the process at the Australian…
Containership That Took Down Baltimore Bridge Refloated & Towed from Channel
Recovery teams refloated a large containership impeding shipping in the Port of Baltimore early on Monday and began pulling it free of the main channel, two months after the vessel crashed into the Francis Scott Key bridge and caused the span to collapse.Tugboats were leading the Dali to a local marine terminal after a successful effort to make the container ship buoyant at about 6:40 a.m. EDT (1040 GMT), the U.S.
$434m Order placed for 10 Offshore Patrol Vessels
EDGE and Fincantieri have formalized the launch of a joint venture dubbed MAESTRAL, a JV created in the shipbuilding sector based in Abu Dhabi. The JV is aiming to capture global opportunities in the design and manufacturing of naval vessels. EDGE holds a 51% stake in the JV, with pre-emptive rights for non-NATO orders along with a number of strategic orders placed by selected NATO member countries…
Inmarsat Launches NexusWave to Boost Maritime Communications
Mobile satellite communications provider Inmarsat, a Visata company, has launched NexusWave, a fully managed connectivity service designed to improve maritime communications and global coverage at sea.NexusWave is underpinned by a bonded multi-dimensional network, offering high-speed connectivity, unlimited data, global coverage, and ‘secure by design’ infrastructure, according to Inmarsat.Delivered by a single provider…
Pöntynen Takes the Helm at Norsepower
One chapter of Norsepower’s remarkable growth story ends and another begins as Tuomas Riski passes his CEO position onto Heikki Pöntynen, who has been a member of Norsepower’s board. Pöntynen has vast experience in maritime growth companies, and has held several maritime management positions in Finland, China, Hong Kong, and the USA. Before starting at Norsepower, Mr Pöntynen served as a senior executive with Plannneri…
Panayiotou Theodosiou nabs IMO Gender Equality Award
Despina Panayiotou Theodosiou voiced gratitude at being selected as recipient of the first ever IMO Gender Equality award, presented by Secretary-General Arsenio Dominguez ahead of the International Maritime Organization Women in Maritime 2024 event. The award recognized Co-Chief Executive Officer of Tototheo Maritime, Ms. Panayiotou Theodosiou's leading and pivotal role in advancing gender equality and empowering women through her tenure as President of WISTA International.The IMO said Ms.
Sapura Ônix Heads to Atlanta Field to Install Subsea Equipment
The specialized vessel Sapura Ônix is on its way to Atlanta Field in Santos Basin, offshore Brazil, where it will carry out the installation of subsea equipment to support the oil production, targeted for August 2024.Brazilian oil and gas company Enauta said the Sapura Ônix vessel is en route to install multiphase pumps (MPPs), umbilicals for power and data transmission, and production risers, connecting the wells’ subsea infrastructure to FPSO Atlanta.The FPSO Atlanta…
Prysmian Cements Partnership with Port of Middlesbrough with New Long-Term Deal
AV Dawson, owner and operator of Port of Middlesbrough, has signed a 10-year partnership agreement with Italian offshore cable manufacturer Prysmian. Prysmian first started using Port of Middlesbrough 10 years ago. Over the years, as the offshore wind industry has exploded and Prysmian has secured more contracts, Port of Middlesbrough has become central to the company’s operations and now acts as its northern European marine base.With further growth anticipated…
GMS: Ship Recycling Market Quiet and Stable
Following on from last week’s unexpected shock via the intentional depreciation in the value of the Bangladeshi Taka, it has been an altogether quieter week of sales and activity in the country, says cash buyer GMS.Domestic ship recyclers are evaluating the potential costs and implications of further depreciations, given that the Taka slipped further into BDT 117 territory against the U.S. Dollar this week.
