Two Companies News

Fincantieri has signed an agreement with Carnival Corporation, valued over $2 billion, for the design and construction of two new cruise ships for AIDA Cruises.This marks the first time that Fincantieri will build cruise ships for AIDA Cruises, thus reinforcing its strategic partnership with Carnival Corporation.The units are scheduled for delivery in early 2030 and late 2031. Each will feature approximately 2,100 guest cabins and will be equipped with multi-fuel engines, capable of operating LNG…

After several years of collaboration, Hendrik Veder Group (HVG) and Dutch Steel Fabricators (DSF) are consolidating, creating a  “one-stop-shop” for lifting and rigging solutions. Two companies within the DSF Group—Gouda Constructie and Breda Constructie—will collaborate with HVG to offer an expanded range of lifting and rigging solutions to clients in the Offshore and Maritime industries. Customers will benefit from a fully integrated package of solutions, covering everything from design to installation.

Energy services firms Saipem and Subsea7 have reached an agreement on the key terms for possible merger of the two companies under one unit to be named Saipem7, whose combined backlog would be over $45 billion.Saipem and Subsea7 shareholders will own 50% each of the share capital of the combined company, whose revenue is expected to be around $20.9 billion, and core earnings in excess of $2 billion.Saipem7 will become a global organization of over 45,000 people, including more than 9…

Heavy lift services specialists, Malin Abram, part of the Malin group, have successfully rolled out and floated off HMS Brocklesby, a Hunt Class vessel, representing one of the eight mine countermeasure vessels of the Royal Navy, at His Majesty’s Naval Base Portsmouth. The project, which has involved months of meticulous planning from KBS Maritime and Malin Abram, saw the vessel carefully rolled-onto a semi-submersible launch barge, provided by Tronds Marine, after which it floated off and launched successfully. The contract represents a new relationship between the two companies.

Sanmar Shipyards has built and delivered one of its Boğaçay Class tugboats for fellow Turkish tug operator Marin Tug.The two companies have been collaborating for almost two decades, starting in 2006 when Sanmar delivered two 45-ton bollard-pull twin screw tugs to Marin Tug.The latest tug, named İNCEBURUN by its new owner, is much more powerful and part of Sanmar’s new era range of technologically-advanced and environmentally-friendly tugboats.An example of the most advanced Boğaçay MKll model…

Danish offshore wind installation firm Cadeler has signed a vessel reservation agreement with Ocean Winds for the installation of the wind turbine generators at BC-Wind offshore wind farm in the Polish Baltic Sea.The potential value of the contract to be negotiated during the pendency of the agreement is estimated to be between $49 million and $58 million.Under the vessel reservation agreement, Cadeler scope covers installation and transportation of around 30 wind turbines at the BC-Wind offshore wind farm.Cadeler plans to deploy one of its O-class vessels…

Petredec and Bahri (The National Shipping Company of Saudi Arabia) formed a partnership to address Saudi Arabia’s increasing LPG and ammonia shipping demands. The two companies will establish a dedicated joint commercial team, led by Bahri Oil and Petredec. Bahri’s 40% shareholding in Petredec, combined with Petredec’s world-class LPG logistics and value chain platform, creates a strong foundation to meet increasing regional and global demand for LPG and ammonia transportation.“This…

Norwegian shipbuilder Vard, part of Fincantieri Group, has secured Lloyd’s Register’s Approval in Principle (AiP) of the methanol fueling system for two offshore wind Commissioning Service Operation Vessels (CSOVs) being built for North Star.With the AiP, the two ships will be amongst the first prepared for conversion to green fuels in the wind market.The CSOVs are of VARD 422 design and are tailor-made for the UK’s infrastructure support vessel operator North Star, with new methanol ready hybrid-propulsion solutions.VARD 4 22 is Vard’s first methanol ready project…

Mitsui O.S.K. Lines (MOL) and the Kansai Electric Power Company (KEPCO) have signed a memorandum of understanding (MoU) for the joint study of a liquefied hydrogen carrier.This is the first such agreement in Japan between a shipping company and a power generation regarding marine transport of liquefied hydrogen, which is a key element in the establishment of a hydrogen fuel supply chain.Under the MoU, the two companies will conduct a detailed study and review of the optimal vessels and operations in the liquefied hydrogen supply chain…

Ocean services provider DeepOcean and well management and reservoir specialist EXCEED have entered into a collaboration agreement to supply vessel-based well plug and abandonment (P&A) services to the global decommissioning market.The two companies combine DeepOcean’s subsea engineering competence and extensive fleet of WROVs and supporting subsea vessels with EXCEEDS’s specialist well decommissioning expertise to offer operator a single contract, turnkey P&A service for decommissioning projects.The offering includes equipment…

WindWaves will manufacture, sell and deliver BAR Technologies’ new 20m and 24m WindWings® wing sails in Europe. In February this year the two companies announced a similar deal for the larger 37.5m WindWings.WindWaves will manage the value chain of procurement and construction of 20m and 24m WindWings and their installation at shipyards across Europe. Additionally, WindWaves will manage the servicing of WindWings during their operational life cycle, alongside crew training on…

Technology group Wärtsilä has signed a five-year lifecycle agreement covering seven 174,000 m3 LNG Carrier vessels operated by Capital Gas Ship Management.The agreement with Wärtsilä will help Capital Gas to optimize the operations and maintenance of these seven vessels more effectively through 24/7 expert remote support and guidance for troubleshooting and maintenance using specialist diagnostic tools.It will allow Wärtsilä experts to directly monitor the vessels’ systems and…

Fueltrax has launched a smart financing program designed to help vessel operators take advantage of its electronic fuel management systems without the obstacle of an initial capital investment.Fueltrax has signed an agreement with Malaysia-based Vestera in which the two companies work together to help expedite the installation of the systems. Vestera is a technology-based solutions provider serving regional and international clients.Payment arrangements are customized to vessel operators’ specific needs.The Fueltrax system is designed and supported by former NASA engineers.

VINCI Energies has expanded its industrial activities into a new market segment in the Netherlands with the acquisition of RH Marine and Bakker Sliedrecht, a group of two companies specializing in the maritime sector.By joining VINCI Energies’ network of companies, RH Marine and Bakker Sliedrecht are helping to enhance the division’s offering in the industrial services market and strengthen its presence in the Netherlands.Founded in 1860, RH Marine is a system integrator that…

Esgian highlights news from TotalEnergies in its Week 40 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesThe Norwegian Ocean Industry Authority (Havtil) has given Aker BP consent to use the 492-ft jackup Noble Invincible for production drilling on the Tambar Øst (East) field offshore Norway.TotalEnergies will resume exploration drilling in the Orange Basin offshore Namibia in the fourth quarter of 2024 with the Tamboti prospect, located in Block 2913B north of the company’s Venus discovery.Aker BP has proven gas in appraisal well 6507/2-7 S in the Norwegian Sea…

The Pioneer tanker, sanctioned by the United States over its links to Russia-sourced liquefied natural gas (LNG), has passed through the Suez Canal with an LNG cargo, LSEG data showed on Monday.The source of the LNG and Palau-flagged Pioneer's destination were not immediately clear. The tanker is registered to Zara Shipholding Co, which has offices in Dubai and India's Mumbai.Shippers have largely shunned the Suez route since late last year to avoid attacks by Iran-aligned Houthis in the Red Sea.The canal is a key trade link between Europe and Asia, channeling nearly 12% of global cargo.

The state of Maryland on Tuesday filed civil claims against the owner and operator of the cargo ship that struck the Francis Scott Key Bridge in March, killing six people and paralyzing a major transportation artery for the U.S. Northeast.The lawsuit seeks damages from two Singaporean companies that are the registered owner of the Dali cargo ship, Grace Ocean Pte Ltd, and its manager, Synergy Marine Group, for the cost of the bridge, cleanup efforts, environmental claims and other costs.

The U.S. Justice Department on Wednesday filed a civil claim seeking $103 million from the two Singaporean companies that owned and operated the container ship that in March toppled the Francis Scott Key Bridge in Baltimore, killing six people and paralyzing a major transportation artery for the U.S. Northeast.The department is seeking to recover from Grace Ocean Private Limited and Synergy Marine Private Limited the money the U.S. government spent in responding to the disaster…

The U.S. on Thursday imposed sanctions on two companies and two vessels linked to Russia's Arctic LNG 2 project, Washington's latest step to add costs on Moscow for its invasion of Ukraine.The Arctic 2 project, 60% owned by Russia's Novatek had been due to become Russia's largest liquefied natural gas plant with eventual output of 19.8 million metric tons per year of LNG from three trains.Novatek may be forced to scale back the project following a a raft of U.S. sanctions including ones imposed in August.The U.S.

Propulsion system solutions provider HD Korea Shipbuilding & Offshore Engineering EP Division (HD KSOE EcoPhin) is teaming up with ammonia-to-power tech company Amogy to enhance ammonia-powered solutions across the maritime sector.The partners will set out to integrate HD KSOE EcoPhin’s eco propulsion systems—such as electrical and control systems—with Amogy’s ammonia-to-electrical power system to provide a turnkey solution to customers in the shipping industry to help with the electrification of their vessels.

An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, people familiar with the matter said.Chevron last October offered to pay $53 billion for Hess, one of the two biggest deals in the largest wave of consolidation in the oil industry in decades. The asset most coveted by Chevron in the takeover is Hess’s stake in a Guyana field operated by top U.S. rival Exxon.Exxon and China's CNOOC  have challenged the deal…

Viking Vesta, the newest cruise ship which Fincantieri is building for the shipowner Viking, has been floated out at the shipyard in Ancona, Italy.The vessel will enter service in the summer of 2025, offering itineraries in the Mediterranean and Northern Europe.The vessel will be placed in the small cruise ship segment. She will have a gross tonnage of about 54,300 tons, will be equipped with 499 cabins, and accommodate 998 passengers. The new unit, along with its sister ship Viking Vela…

Amogy and Mitsubishi Shipbuilding (MSB), a part of Mitsubishi Heavy Industries (MHI) Group, have completed the feasibility study on using their technologies across ammonia-powered shipping and shipbuilding value chain.The feasibility study focused on collaboration concept designs of onboard hydrogen production and utilization with Amogy's ammonia-cracking technology and Mitsubishi Ammonia Supply and Safety System (MAmmoSS).Amogy and MSB concluded a memorandum of understanding (MoU) to undertake feasibility studies on an ammonia fuel supply system…