Esgian Week 18 Report: Confirmations, Terminations and Suspensions
Esgian reports an eventful week with contract confirmations, terminations and suspensions in its Week 18 Rig Analytics Market Roundup.Report SummaryContractsBurullus Gas Company, the self-operated joint venture between Shell Egypt, the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC) and Petronas, has agreed to move forward with the development of Phase…
Saudi Red Sea Authority and NEOM Sign Tourism MoU
Saudi Red Sea Authority (SRSA) has signed a memorandum of understanding (MoU) with NEOM to collaborate on the development of legislation, regulations and technology in marine tourism.The partnership will facilitate the sharing of expertise with the aim of delivering innovation and improving the visitor experience for tourists in Saudi Arabia’s existing, emerging and future Red Sea coastal destinations.NEOM…
Matt Kaplan to Lead New Great Lakes Authority
The White House has nominated Matt Kaplan to serve as the first federal co-chair of the Great Lakes Authority (GLA).The GLA was authorized by Congress in 2022 and will be governed by a nine-member board, with one member appointed by the President, and one appointed by each of the Governors of the eight Great Lakes states. The new federal agency will promote regional economic development. Earlier this year, Congress appropriated $5 million to begin the process of standing up the organization.
Unified Command Prepares for Removal of Bridge Piece on Top of Dali
Key Bridge Unified command salvors have begun preparing for the removal of bridge section four, which lies across the bow of the M/V Dali.The operation requires careful handling of roadbed material, crushed containers and bridge fragments currently resting on the M/V Dali’s bow.The salvage teams are preparing for the refloat of the Dali, ensuring all aspects of the wreckage impacts are thoroughly evaluated and addressed.
Big Oil Finds More to Love in Deepwater Exploration Fields
As Big Oil returns this week to the industry's annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the U.S. Gulf Coast will take the spotlight.Offshore exploration had dimmed after the U.S. shale boom ushered in new and cheaper-to-tap supplies of oil, and as past offshore cost overruns pushed deepwater projects onto the industry's backburner.Newer…
30 Injured in US Navy At-sea Training Mishap
An at-sea training mishap off the coast of Jacksonville, Fla. caused injuries to 30 Sailors and Marines, the U.S. Navy said.The incident, which occurred on the evening of May 1, involved two landing craft, air cushions (LCAC) from USS Wasp (LHD 1) and USS New York (LPD 21).Five Sailors were medically evacuated for further care at Savannah Memorial University Medical Center, officials said. Four of the five Sailors have been released from the hospital after treatment…
Bad Weather Forces US Military to Pause Gaza Pier Construction
The U.S. military said on Friday it was temporarily pausing the offshore construction of a maritime pier because of weather conditions and instead would continue building it at the Israeli port of Ashdod.The maritime pier, once built, will be placed off the coast of Gaza in a bid to speed the flow of humanitarian aid into the enclave."Forecasted high winds and high sea swells caused unsafe conditions for soldiers working on the surface of the partially constructed pier," the U.S.
Maryland Estimates Bridge Replacement Cost at Up to $1.9 Billion
Maryland said on Thursday it estimates it will cost $1.7 billion to $1.9 billion to rebuild a collapsed Baltimore bridge and anticipates it will be completed by fall 2028.The Maryland Department of Transportation said the state's "planning level cost estimate is between $1.7 billion and $1.9 billion" which "is in line with similar projects of this scale and complexity."The Dali cargo ship crashed into the Francis Scott Key Bridge on March 26, killing six people.
Houthis Say They Will Target Ships Heading for Israel Anywhere within Range
Yemen's Houthis will target ships heading to Israeli ports in any area that is within their range, military spokesman Yahya Sarea said in a televised speech on Friday."We will target any ships heading to Israeli ports in the Mediterranean Sea in any area we are able to reach," he said.The Iran-aligned Houthi militants have launched repeated drone and missile strikes on ships in the crucial shipping channels of the Red Sea, the Bab al-Mandab strait and the Gulf of Aden since November to show thei
The Nordic Maritime Forum 2024 will happen in Oslo
In the heart of maritime excellence in Oslo, Norway, the stage is set for the Nordic Maritime Forum 2024 to bring together industry leaders, ranging from shipowners, ship managers, ports, regulators, and classification societies to technology companies and suppliers, for two days of dynamic discourse and collaboration. With dates fixed for June 18th and 19th, this eagerly anticipated event will serve…
Crescent Towing Adds New Escort Tug for Port of Savannah Operations
New Orleans-based marine towage provider Crescent Towing announced it has taken delivery of its newest tugboat, Angus R. Cooper II.The new escort tug was constructed at Blakeley BoatWorks in Mobile, Ala., to be added to Crescent's ship assist operations in the Port of Savannah, Georgia. It is powered by twin Caterpillar 3516E EPA Tier 4 engines, each producing 3,004HP to power Kongsberg 255 fixed pitch…
Höegh LNG Strikes Deal to Deploy FSRU Hoegh Galleon in Egypt
Norway-based Höegh LNG has made an agreement with Australian Industrial Energy (AIE) and Egyptian Natural Gas Holding Company (EGAS) for the deployment of the floating storage and regasification unit (FSRU) Hoegh Galleon. The aim of the deployment is to support energy security in Egypt, Höegh LNG said.Hoegh Galleon will be located in Ain Sokhna in Red Sea for a likely period of 19-20 months, after…
Van Oord’s Heavy-Lift Installation Vessel Gets Major Upgrade
Van Oord’s Svanen vessel has received a major upgrade which increased its total height to 125 meters, making it one of the largest heavy-lift vessels in the world suitable for handling the next generation of monopile foundations for offshore wind.Svanen grew 25 meters taller with the installation of an A-framed gantry extension, weighing 1,200 tonnes, on top of the vessel.The extension had been constructed by Holland Shipyard.
Iran Says Crew of Israel-Linked Ship Freed
Iran has released the crew of a seized Portuguese-flagged ship linked to Israel, but remains in control of the vessel itself, Foreign Minister Hossein Amirabdollahian said.Iran's Revolutionary Guards seized the container ship MSC Aries, with a crew of 25, in the Strait of Hormuz on April 13, days after Tehran vowed to retaliate for a suspected Israeli strike on its consulate in Damascus. Iran had said it could close the crucial shipping route.“The seized ship…
CIMAC Digitalization Strategy Group Publishes New Position Paper
The CIMAC Digitalization Strategy Group has published a new Position Paper titled: On enabling the implementation of a ship-wide data ecosystem. CIMAC is a global non-profit association promoting the development of ship propulsion, train drive and power generationThe position paper aims to identify ways in which the potential of digitalization can be fully exploited for process optimization, develops a vision…
Long Term Rates Edge Up Globally as Red Sea Conflict Continues
Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market remains gripped by uncertainty in the Red Sea, according to new data on the Xeneta Shipping Index (XSI®).The latest data released by Xeneta on May 2 shows the Global XSI (the average rate of all valid long term contracts in the market) remained fairly flat in April at 154.3 points…
April Sees Jump in Methanol-Fueled Tanker Orders
According to the latest figures from DNV’s AFI platform, 23 new orders for alternative fueled vessels were registered in April 2024.A majority of these (12) were for methanol-fueled tankers, a segment where the uptake of alternative fuels has been low up until now.Seven orders were place for LNG-fueled vessels in April, and four ammonia-fueled vessel orders were confirmed. Following a quiet month in March…
Maryland Estimates Bridge Replacement Cost at $1.7 - $1.9 Billion
Maryland said on Thursday it estimates it will cost $1.7 billion to $1.9 billion to rebuild a collapsed Baltimore bridge and anticipates it will be completed by fall 2028.The Maryland Department of Transportation said the state's "planning level cost estimate is between $1.7 billion and $1.9 billion" which "is in line with similar projects of this scale and complexity."The Dali cargo ship crashed into the Francis Scott Key Bridge on March 26, killing six people.
Conception Captain Gets Four-Year Prison Term
The captain of a dive boat that caught fire and sank off the California coast in 2019, killing 34 people in one of the state's deadliest maritime disasters, was sentenced on Thursday to four years in prison for his conviction on a federal charge of seaman's manslaughter.Jerry Boylan, 70, was found guilty by a U.S. District Court jury in November on a single felony count of "misconduct or neglect of…
Young Brothers Is First in the US to Use Innovative Mooring System
Hawai‘i’s interisland freight company Young Brothers has become the first marine transportation company in the Unites States to install an innovative mooring system designed to improve safety and efficiency.The new $1.5 million ShoreTension mooring system was blessed in a ceremony at the Port of Kaumalapau in Lāna‘i on Monday. The technology, which keeps the barge steady against the dock during inclement weather…