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Havfram Bags Senegalese Mooring Pre-Lay Contract from MODEC
Offshore services company Havfram announced it has been awarded a contract from MODEC Offshore Production Systems (Singapore) Pte Ltd. (MODEC) for the pre-installation of the subsea mooring system for a floating production storage and offloading (FPSO) in 2022.MODEC’s parent company, MODEC, Inc., will supply this facility to Woodside, for deployment in Senegal as part of the Sangomar Field Development Phase 1 project.
Russia Says It Is Assisting Exports of Ukrainian Foodstuffs via Azov Sea
Russia said on Thursday it was facilitating the export of grain and oilseeds from Ukraine through Russian-held transit points on the Azov Sea, without explaining who was providing the foodstuffs for export.Ukraine, like Russia one of the world's biggest exporters of grains and oilseeds, has accused Russia of stealing grain from territories in Ukraine that its forces have seized.Russian Deputy Prime Minister Viktoria Abramchenko rejected the allegation in an interview with Reuters…
Updates, Developments and Advances in Combat and Patrol Craft
My first visit in 2007 to the American Society of Naval Engineers’ (ASNE) Multi-Agency Craft Conference (MACC) was an eye-opener. Having built a naval architecture career with frigates, destroyers and other large naval and commercial ships, I was eager to learn of the smaller craft used by the U.S. Navy and other government and military bodies. As my flight into Norfolk, Va. descended over Chesapeake Bay…
West Africa Market Harbors Positive Potential for MODU Operators
The region could be a key growth market for the oil and gas industry going forward, writes Joshua Belo-Osagie, Maritime Strategies International (MSI).Improving sentiment surrounds energy market prospects offshore West Africa, the positive mood underpinned by higher oil prices, reformed regulatory frameworks in key markets including Angola and Nigeria and the discovery of major prospects off the Ivory Coast and Namibia.In addition…
Demand Grows for OSVs in the Offshore Floating Production and Storage Energy Sector
Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion of Ukraine. As a result, activity and business sentiment in the floating production…
UAE and Morocco to Boost Trade Via Faster Shipping
The United Arab Emriates wants to bolster trade with Morocco to reach $7 billion within 10 years from $800 million in 2021, UAE Economy Minister Abdullah bin Touq Al Marri said on Thursday in Rabat.For that purpose, the two countries will speed up container shipping to seven days from 40 days, Al Marri told Reuters before a visit to Africa's largest port in Tangier, northern Morocco.The UAE is one of the largest investors in Morocco…
Sandock Austral Shipyards Offering Container Feeder Barge Concept
A new port container barge concept being offered by Durban's Sandock Austral Shipyards aims to improve the way containers are handled in South Africa’s ports, ultimately leading to less road congestion and faster turnaround times for imports and exports.The internationally patented, German-designed self-propelled and self-sustained Port Feeder Barge can be deployed at a moment’s notice to wherever it is needed and can operate easily in low water depth or high berth.
International Seaways Sells Stake in Al Shaheen Oil Field FSOs to Euronav
Oil tanker operator International Seaways has sold its 50% stake in two floating storage and offshore (FSO) vessels, the FSO Asia and FSO Africa, to its joint venture partner Euronav NV. The purchase price values the two FSO vessels at $300 million in total. Net of adjustments for working capital and expenses, International Seaways received approximately $140 million in cash from the sale.The transaction has been approved by North Oil Company (“NOC”)…
Posidonia 2022: DNV, Saronic Ferries Sign MoU for Electric Ferry Development
DNV and Saronic Ferries signed a memorandum of understanding (MOU) designed to enable the development of an electric ferry for local deployment in Greece. The collaboration is targeted toward a fully electric concept for deployment on short-sea passenger routes in the Argosaronikos area. The MoU was signed at the Posidonia 2022 trade fair."The use of all-electric or hybrid vessels in the short sea…
Hapag-Lloyd Acquires DAL's Container Liner Business
Hapag-Lloyd announced it has closed its acquisition of the container liner business of German carrier Deutsche Afrika-Linien (DAL), as the German liner shipping…
Marine Insurance: CyNav for Ports & Terminals
WTW has launched CyNav for Ports and Terminals, a cyber solution specifically designed to help address the escalating cyber risks faced by owners and operators in this strategically vital sector of the global maritime supply chain. The release of CyNav for Ports and Terminals is a direct response to growing calls from operators for a bespoke product that addresses the specific risks faced by their…
Black Sea Ports Still the Best Way to Get Ukraine's Grain Moving Fast
Ukraine is desperately trying to export its vast stores of grain by road, river and rail to help avert a global food crisis but has no chance of hitting its targets unless Russia's blockade of its Black Sea ports is lifted, a government official said.Before Russia sent troops into Ukraine on Feb. 24, the country had the capacity to export up to 6 million tonnes of wheat, barley and maize a month but exports collapsed to just 300…
Bolsonaro Fires Second Petrobras CEO in Two Months
Brazil's right-wing president Jair Bolsonaro fired the chief executive of oil producer Petrobras - the second in two months - after the company refused to sell fuels at a discount to consumers warning it would lead to diesel shortages. Bolsonaro also called for the election of a new board, according to a statement released close to midnight local time on Monday by the state-controlled company, opening…
Damen Shipyards Delivers Multi-Mission Inshore Patrol Vessel to S. Africa Navy
Damen Shipyards has delivered the first of three 62m by 11m Multi-Mission Inshore Patrol Vessels (MMIPVs) to the South African Navy, at a ceremony held at Simon's Town Naval Base in South Africa."The vessel marks the culmination of four years of work for Damen Shipyards Cape Town (DSCT). The vessel being delivered will augment South Africa’s maritime security by enhancing the country’s capability to respond effectively…
Baltic Dry Index Gains as Rates Firm for All Vessels
The Baltic Exchange's main sea freight index rose on Thursday, due to higher rates for all vessels.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 100 points, or 3.1%, at 3,289 points, the highest since December 9.The capesize index gained 221 points, or 5.31%, to 4,385 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $1,837 at $36,368.Strong demand for
Valenciaport Notes that War, Inflation, Shortages Hamper Spanish Export Activity
Between January and April, the number of containers full of cargo (export) fell by 12.72% and those unloaded (import) increased by 6.96%The geopolitical situation, the war in Ukraine, the increase in the cost of energy and the shortage of raw materials are weighing down export activity. Foreign trade in all sectors such as vehicles (-7.68%), agri-foodstuffs (-15.79%), construction materials (-10.55%) and chemical products (-18.14%) fellOn the other hand…
Seaborne Oil a Lifeline as German, Polish Refiners Swerve Russian Supply
Seaborne oil has thrown a lifeline to refiners in eastern Germany and Poland, with non-Russian deliveries into the Polish port of Gdansk hitting at least seven-year highs this month as they switch away from Russian supply.Imports booked for May into Gdansk from Egypt, the United States, Norway, Britain and West Africa had hit 8.4 million barrels by May 16, their highest level according to Refinitiv Eikon ship tracking data that goes back to 2015.At the same time…
EU Moves to Help Ukraine Export Grain as Russia Blocks Sea Routes
The European Commission said on Thursday it would work with EU governments to help Ukraine export millions of tonnes of grain stuck in the country because the Russian navy is blocking Ukrainian ports.Ukraine was the world’s fourth-largest grain exporter in the 2020/21 season, International Grains Council data shows, selling 44.7 million tonnes abroad, mainly to China, Africa and Europe. It is also one of the biggest producers of sunflower oil.Before Russia invaded Ukraine on Feb.
Senegal: GAS Entec Builds 'World's First' Modular LNG Floating Storage Regasification Unit for KARMOL
GAS Entec has completed the conversion of a 125,000m³ LNG carrier into an FSRUfor KARMOL, a joint-venture between Turkey's Karpowership and Japan's Mitsui OSK Lines (MOL), for deployment in Senegal.The company, a subsidiary of Atlantic Gulf & Pacific International Holding (AG&P), has converted the LNG carrier into an 84 mmscfd Modular Floating Storage and Regasification Unit (M-FSRU) with the capacity…
Contract Extension for DOF's 'Skandi Africa'
Norwegian subsea services DOF Subsea has won a contract extension for its Skandi Africa subsea construction vessel.The new commitment will now run until February…
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
