Shipping, Energy Tax Could Help Foot $1T to Combat Climate Change - COP29
The COP29 climate talks in Azerbaijan aim to agree an annual finance target of $1 trillion or more a year to help poorer countries respond to global warming. Some see new taxes as one way to get there. The Global Solidarity Levies Task Force (GSLT), led by France, Barbados and Kenya, is exploring the issue. Below are excerpts from its latest report on the options being discussed -- as it pertains to shipping and fossil fuels -- and estimates about how much could be raised.SHIPPINGThe levy that could be closest to being agreed is for shipping…
NASSCO "Failed to follow Federal Wage Regs" for 36 Mexican Engineers
The U.S. Department of Labor recovered more than $1.4 million for 36 Mexican engineers employed in San Diego by a subsidiary of General Dynamics Corp., one of the world’s largest defense contractors, that paid them in Mexican pesos below the federal minimum wage rate in violation of the Fair Labor Standards Act.The department’s Wage and Hour Division found National Steel and Shipbuilding Co. one of three shipyards in the Marine Systems group of General Dynamics that designs and builds auxiliary and support ships for the U.S.
Beating the Heat: R.W. Fernstrum & Company Turns 75
R.W. Fernstrum & Company, founded by Robert W. Fernstrum 75 years ago, is a quintessential U.S. manufacturing story. The company was born in the aftermath of WWII, founded on an invention developed during the war by Robert Fernstrum to help solve an engine overheating problem that was plaguing U.S. Navy landing craft. Family owned and operated from day one, today the company includes a fourth generation of family that aims to continue the legacy of its founder, a legacy built on effective…
Lisa Young Joins SEACOR Marine Board
SEACOR Marine Holdings Inc. announced it has appointed Lisa P. Young as an independent member of its board of directors, in a move that expands the marine services company's board from five to six members.Young is a seasoned professional with 36 years of cross-sector, international experience in public accounting and professional services. As a retired senior partner with Ernst & Young, Young has served in a number of leadership roles, most recently serving as a Senior Global Client Service Partner until her retirement in 2021.
Eidesvik Offshore’s CEO Resigns
The chief executive officer of Norwegian offshore vessel owner Eidesvik Offshore, Gitte Gard Talmo has resigned from his role to take up a new position in an international company abroad.Gitte Gard Talmo has been with the company for 22 years and has been CEO of Eidesvik Offshore since January 1, 2022.According to Eidsevik Offshore, Gitte Gard Talmo will continue in her position as CEO for the time being, while the board of the company will initiate a search for her replacement…
New Emergency Vessel Part of Equinor Plan to Fortify Barents Sea Safety
Equinor will establish and operate a new area-wide emergency preparedness solution for the southwestern Barents Sea."Together with the other operators, the authorities and the supply industry, we have through 50years developed the preparedness for the fields in the North Sea and in the Norwegian Sea. With Johan Castberg coming on stream towards the end of the year and increased activity in the north, we are now establishing an area-wide emergency preparedness system in the Barents Sea in the Barents Sea," says Grete B. Haaland, Equinor’s SVP for Exploration & Production North.Grete B.
KOTUG Vessels Support ENI Congo LNG Project
KOTUG International B.V.won a contract for ENI Congo to deliver critical marine services for the Congo LNG project. This project, situated offshore the Republic of Congo, includes the Tango FLNG and the Excalibur Floating Storage Unit (FSU), with a second FLNG currently under construction.Under the terms of the contract, KOTUG will deploy three Rotortugs to support a range of operations, including mooring and unmooring of vessels, handling mooring equipment, providing stand-by services, transporting pilots, and offering antipollution, oilfield goods, and passenger transport services.
MOL Increases Stake in MODEC
Mitsui O.S.K. Lines, Ltd. completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15% stake in MODEC and will make it an equity-method affiliate.MODEC is a leading company in the offshore oil and gas development industry, engaging in the entire process from Engineering, Procurement, Construction, and Installation (EPCI) of Floating Production, Storage, and Offloading (FPSO) systems to long-term leases and Operations & Maintenance (O&M) for more than 20 years.
Putin Picks Patrushev to Lead Naval Policy
President Vladimir Putin appointed security veteran Nikolai Patrushev to head a new body in charge of Russia's naval policy.The new Maritime Board will include councils responsible for developing Russian naval activity and its military fleet, and defending Russian interests in the Arctic, according to a decree issued by Putin.Russia has a massively more powerful navy than Ukraine but has suffered a number of embarrassing setbacks at sea in the course of the two-and-a-half-year war…
ExxonMobil Reports Near Miss During Crew Change Offshore Canada
ExxonMobil Canada Properties (EMCP) reported a near miss event occurred on August 7, 2024, during a gangway crew change between the survey vessel Amazon Conqueror and offshore supply vessel (OSV) Victory G off Canada's East Coast.Operations were halted when it was indicated that the gangway was approaching operating condition limits for safely transporting personnel. Subsequently, the gangway detached from the landing platform on the Victory G and was left suspended between the two vessels.There were no injuries to personnel during this incident…
Contracts Awarded for Poland's First Offshore Wind Farm
SeaRenergy Group was awarded a Marine Coordination Services contract by Baltic Power for the construction phase of the Baltic Power offshore wind farm.The services will be kicked off with the preparatory phase in summer, with operations starting in the last quarter of 2024.SeaRenergy’s comprehensive Marine Coordination Service involves ship registration, personnel registration and check-in, inspection, and construction site monitoring based on an innovative Vessel Traffic Management and Maritime Surveillance Systems provided by experienced long-term partner Vissim AS.
New Petrobras CEO Pressed on Shipbuilding Reboot, Jobs
The next chief executive of Petrobras, Magda Chambriard, arrives with the résumé and mandate to make Brazil's state-run oil firm what it was under prior Workers Party governments: an engine of job creation and industrial development, said people familiar with the matter.President Luiz Inacio Lula da Silva - who used Petrobras to spur domestic shipbuilding and major refinery projects during his earlier 2002-2010 presidency - has tapped the four-decade petroleum industry veteran to reboot that vision…
International Day of the Seafarer Spotlights Safety
On June 25, the International Day of the Seafarer, IMO Secretary-General Arsenio Dominguez pays tribute to the two million seafarers who keep global markets functioning and supply chains going.In a video message to seafarers, Dominguez said: “Seafarers have been sorely tested in recent years – facing hostile acts from piracy or in conflict zones. I humbly acknowledge seafarers’ resilience and sacrifice in the name of work.” United Nations Secretary-General, António Guterres marked the day…
NextGeo Taps Frank Koopman as Offshore Wind Strategy Director
Marine geosciences and offshore construction support services company NextGeo has appointed Frank Koopman as Offshore Wind Strategy Director.Koopman is an experienced executive and leader in the offshore energy sector, with over 20 years of experience in leading complex organizations, projects and innovation programs. He was Global Director Offshore Wind and Global Director Marine Site Characterization at Fugro from 2019 to 2023.Giovanni Ranieri, CEO of NextGeo, said, “We are thrilled to confirm our collaboration with Frank Koopman, who will serve as NextGeo's Offshore Wind Strategy Director.
One-on-One: Rob Langford, VP, Global Offshore Wind, ABS
As the U.S. offshore wind industry endures a predictable number of stops and starts during its adolescence, common mantras are ‘learn from the established European model’ and ‘embrace technology transfer from the offshore oil and gas sector.’ In Robert Langford, the American Bureau of Shipping has all of that and more bundled in one neat package.Rob Langford has worked in the offshore industry for more than three decades, ‘cutting his teeth’ in a UK design firm working in the North Sea oil and gas platforms, the holy grail of rigorous conditions in offshore energy production.
US to Establish National Offshore Wind Center of Excellence
The U.S. Department of Energy (DOE) has set out plans to invest $4.75 million to establish a new national center of excellence to accelerate offshore wind deployment across the United States.The Academic Center for Reliability and Resilience of Offshore Wind (ARROW), led by the University of Massachusetts Amherst with approximately 40 partners, will focus on workforce development, targeted research, and partnerships and strategies to advance offshore wind development.As offshore…
OCIMF Updates Drug and Alcohol Guidelines
The Oil Companies International Marine Forum (OCIMF) has published an updated information paper, Guidelines for the Control of Drugs and Alcohol in the Maritime Industry (2024).The paper aims to provide general guidance and recommendations for the maritime industry (operators of tankers, barges, offshore vessels and terminals associated with the ship-shore interface) in developing and implementing controls for the use of drugs and alcohol.In the guidelines, drug and alcohol use includes the use of prescribed and over-the-counter medication…
Alfa Laval Names New UK Managing Director
Global heat transfer, separation and fluid handling company Alfa Laval has appointed Rachel Bridges as its Managing Director, who also became the first female to take the post.Having spent 20 years at global power technology company Cummins in both the marine and aftermarket businesses, Bridges brings a wealth of experience to Alfa Laval as it gets poised for further growth.Bridges will now oversee business in a multitude of sectors including marine, energy, food and beverage…
Edda Wind Names Øverlie CFO
Norwegian offshore wind vessel owner Edda Wind announced it has appointed Hermann Hovland Øverlie as its new chief financial officer (CFO) following the resignation of Tom Johan Austrheim. Øverlie will join Edda Wind March 1, 2024.Øverlie is currently senior vice president of business development at Flex LNG and was previoulsy CFO at Amar Group. Øverlie has also extensive experience from financial/liquidity planning, risk management and financial analysis from Knutsen NYK Offshore Tankers and DnB. He holds a master’s degree in financial economics from BI Norwegian School of Management.
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.
Vineyard Offshore Hires Musiol as External Affairs Director
Offshore wind developer Vineyard Offshore announced that Rick Musiol, Jr. has joined the company as Director of External Affairs and Community Engagement. In this newly created position, Musiol will lead community engagement and corporate citizenship programs everywhere Vineyard Offshore has a presence.“As Vineyard Offshore expands its work on the East and West Coasts, our top priority is to be an active and engaged member of the community,” said Christian Scorzoni, Chief External Affairs Officer for Vineyard Offshore.
Green(er) Rigs Put Stena Drilling at Forefront of O&G Decarb Push
As the offshore oil and gas industry transitions to more sustainable practices, drilling rig operators are faced with demands to implement greenhouse gas (GHG) abatement measures as part of their workload. Being the owner of the first ever drillship that secured DNV’s Abate(P) notation, Scotland-based offshore drilling contractor Stena Drilling discusses everything the company is doing to make its drill-ships ‘greener’.The first step to reducing its carbon footprint for Stena…
Ex-Ulstein Chief Takes the Reins at Vard
Norwegian shipbuilder Vard, a subsidiary of the Fincantieri Group, has appointed Cathrine Kristiseter Marti as its new Chief Executive Officer (CEO).Starting from June 1, 2024, Marti will take over from the current CEO, Alberto Maestrini, who will remain in his position as Chairman of the Board.Maestrini will continue to lead the Offshore and Special Vessels business in Fincantieri and through this continue to support Vard’s integration in the Fincantieri Group.The appointment…