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Marine Premiums Drop 10%, Could get Worse
The International Union of Marine Insurance – unveiling its annual statistical report on the marine insurance market at today’s conference in Genova, announced global…
Sovcomflot, ABB to set-up Center at Admiral Nevelskoy MSU
PAO Sovcomflot, Asea Brown Boveri Ltd. (ABB) Company and the Admiral Nevelskoy Maritime State University (MSU) have signed an agreement for research, technological and educational partnership.
US Offshore Lease Sale Yields $18 Mln in High Bids
Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced…
Grosland Joins NAT as VP
Carl Fredrik Grosland has joined Nordic American Tankers as Vice President, working on analyses, projects and business development. Reporting to Chairman & CEO Herbjørn Hansson in a staff position…
Drones: Is the Maritime Industry Ready?
Unmanned aerial systems (UAS), or “drones” in common parlance, are not a part of the historical maritime vocabulary. At least not yet. While the term “drones” may conjure images from science fiction, the reality is that companies are designing commercial UAS for the private sector, and they are gradually permeating our daily life. Henry Ford is rumored to have opined on his invention of the automobile that if he had asked people what they wanted…
NOIA Applauds Passage of House Interior Appropriations Bill
“NOIA applauds members of the House of Representatives for passing the first Interior and Environment Appropriations bill since 2009. Not only does the passage of the bill bring back regular order…
Petronas Selects Intellian for FLNG
A triple installation for the next generation Petronas Floating Liquid Natural Gas (PFLNG) vessel emphasizes increased demand for Intellian’s 2.4m product line in the Offshore Energy and Enterprise market segments. Built at Daewoo Shipbuilding & Marine Engineering in South Korea, PFLNG Satu is a game-changer in the global LNG business. PFLNG technology dramatically improves asset mobility, paving the way for efficiency in monetizing gas resources from remote, marginal and stranded fields.
Energy Doldrums Force Boskalis to Cut Fleet, Staff
Dutch offshore engineer Boskalis said it was cutting 650 jobs worldwide and culling 24 vessels in response to what it called drastic changes in the company's outlook caused by low energy and commodity prices. The job cuts, including 150 Dutch employees, would be made over the next two years from a workforce of about 8,000, the company said on Friday. The company will take 10 vessels out of service…
NOIA’s Luthi Testifies at House Natural Resources Subcommittee Hearing
NOIA President Randall Luthi released the following statement after providing testimony today before the House Committee on Natural Resources Subcommittee on Energy and Mineral Resources on H.R.
Ex-CEO of Daewoo Shipbuilding Grilled
Daewoo Shipbuilding & Marine Engineering (DSME) is being rocked by estimated trillions of won (billions of U.S. dollars) of accounting fraud amid the ongoing restructuring…
Multraship’s New ASD Tugs Named in the Netherlands
Two Damen ASD 3212 tugs for towage and salvage specialist Multraship have been named on June 24 at Terneuzen, the Netherlands. The Multratug 29 and Multratug 30, named respectively by Rita de Ruijter- Ribbens and Els Otten- Muller, were built at the Damen Song Cam Shipyard in Vietnam, and operate for Multraship as sister vessels to Multratug 19. The 32-meter tugs, which have a bollard pull of 82 metric tons…
US Offshore Regulator to Unveil Tougher Environmental Safeguards
The U.S. government agency created after the 2010 Deepwater Horizon oil spill plans in coming weeks to unveil tougher financial requirements for offshore oil producers aimed at protecting taxpayers from the risk of cleaning up abandoned oil rigs, an agency executive told Reuters. Under the new guidelines, the Bureau of Ocean Energy Management (BOEM) will demand additional guarantees to cover producers'…
Volvo Penta Powers Njord Offshore Crewboats
Njord Offshore’s two latest 26m offshore crew vessels (24 pax), equipped with Volvo Penta’s IPS900 Quad drives, are now ready for heavy-duty use in the North Sea. After a year operating four new 26m crew transfer vessels (CTVs) fitted with Volvo Penta’s IPS900 Quad drives, Njord Offshore – which transports crew to and from offshore wind farms – has added another two new 24 pax vessels with the same propulsion system to its fleet. The U.K.
Seacat Services Secures Burbo Bank Charter Deal
DONG Energy has awarded offshore energy support vessel operator Seacat Services with the supply contract for all crew transfer services at its 258MW Burbo Bank Extension project under development in the Irish Sea. The four-vessel charter contract, with durations of three to 11 months, is the second such agreement signed between Seacat Services and DONG Energy in 2016, following the confirmation of a four-workboat construction support deal for the Race Bank Offshore Wind Farm in April.
DONG Energy Set for Europe's Biggest Share Float This Year
Danish wind farm developer DONG Energy, which analysts value as high as $13 billion, said on Thursday it plans to list its shares on the Copenhagen stock exchange this summer. Having built more than a quarter of the world's offshore wind farms, the company is a major player in Britain and Germany and has recently opened offices in the United States and Taiwan to cater for new growth markets. With a potential valuation as high as 85 billion Danish crowns (11.4 billion euros)…
Maersk Profit Plunges
Danish shipping and offshore energy conglomerate Maersk Group reported its profit at US$ 224 million for the first quarter of 2016, a drop of 86 percent compared…
Faulkner Joins Braemar SA as Manager
Braemar (incorporating The Salvage Association) has appointed David Faulkner as ‘Manager, Ports and Harbours (Middle East)’. David is a Master Mariner and pilot…
NOIA Elects McEvoy, Chairman Welch Vice Chair
The National Ocean Industries Association (NOIA) Board of Directors has elected Kevin McEvoy as Chairman and Dave Welch as Vice Chairman for the upcoming 2016-2017 term.
Oceaneering Wins NOIA Safety Award
The National Ocean Industries Association (NOIA) today named Oceaneering International, Inc. as the recipient of the 2016 Safety-in-Seas (SIS) Safety Practice Award.
Seacat Services Supports Dong Construction Race
DONG Energy, a developer of offshore wind projects, and offshore energy support vessel operator Seacat Services, today confirmed a two-year, four-workboat crew transfer…
