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'World's Largest OSV Fleet': Tidewater to Buy Swire Pacific Offshore
U.S.-based offshore support vessel owner Tidewater said Wednesday it had agreed to acquire Swire Pacific Offshore Holdings Limited (SPO), a subsidiary of Swire Pacific Limited for around $190 million. Tidewater said the transaction would create the industry’s largest fleet of offshore support vessels with 203 vessels in total, including crew boats, tug boats and maintenance vessels. "SPO’s fleet of 50 OSVs consists of 29 AHTS vessels and 21 PSVs…
New Deputy Chief of the Contracting Office at NSWC Dahlgren Division
Leadership has added a new face in the contracting department at Naval Surface Warfare Center Dahlgren Division (NSWCDD). Michael Brian Donaldson assumed the role of deputy chief of the contracting office (DCCO) in December, with management responsibility for a team of more than 110 contracting specialists, contracting officers, cost analysts, policy analysts and other contracting professionals.The contracting department at NSWCDD executes several thousand contract actions in a typical year…
Brent Crude Tops $112. Tanker Owners "Are Having a Ball"
Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers.The oil industry has been gripped by acute risk aversion in the finance and shipping sectors after several nations including the United States sanctioned multiple Russian entities following Russia's invasion of Ukraine…
Bordelon Marine Names Pitre Director of Operations
U.S. offshore vessel owner Bordelon Marine announced it has promoted Trenton Pitre to director of operations.A 10+ year industry veteran, Pitre has been with Bordelon Marine for the past seven years within the Lockport, La.-based company's operations department, most recently as senior operations manager. Pitre has previous industry experience with Edison Chouest Offshore making repairs and conducting maintenance on OSVs…
'It was so bad and so dark, we really thought we were going to die.'
A crew, shipwrecked by a cyclone in the Indian Ocean, has thanked Sailors’ Society's Crisis Response Network for helping them through their trauma.The vessel, which appeared to have engine failure just as Cyclone Batsirai hit, was shipwrecked - dashed onto the rocky coast of Réunion Island.Speaking of their immense fear, one of the crew said, “It was so bad and so dark, we really thought we were going to die.”The captain…
Two Gasoline Tankers Divert from Nigeria
Two tankers carrying gasoline loaded in Antwerp, Belgium, have turned back to their load-port after initially being destined for Lagos in Nigeria, Refinitiv Eikon ship tracking and sources said on Friday.The two tankers, STI Symphony and Velos Diamantis, turned back in last week. The U-turns happened after Nigeria rejected other gasoline cargoes loaded in Antwerp for containing too much methanol.Reuters…
ZIM Charters 13 Vessels from Navios Maritime Partners
Israeli container shipping company ZIM Integrated Shipping Services announced on Thursday it will charter 13 vessels from Greek-headquartered Navios Maritime Partners L.P.ZIM said it will charter five secondhand 3,500-4,360 TEU vessels for up to 4.5 years and eight newbuild 5,300 TEU vessels for up to 5.3 years for total charter hire consideration of approximately $870 million.The secondhand vessels are expected to be delivered in the first and second quarters of 2022…
Construction Begins for Congo's First Deep-water Port
Democratic Republic of Congo President Felix Tshisekedi on Monday launched the construction of the country's first deep-water port, a $1.2 billion project that has drawn criticism for being built on the edge of a protected wetlands.Banana Port, to be built by Dubai's port giant DP World, will border Congo's Mangrove Marine Park, a nature reserve that contains a variety of vulnerable or endangered plant and animal species.The port at Banana, a sandy spit of land at the mouth of Congo River, will
Intelatus Formed Through WER-IMA Merger
Long-serving marine, energy and industrial market consultancies International Maritime Associates and World Energy Reports have merged to form Intelatus Global Partners.While Intelatus is a new name, its team of business consultants has nearly five decades of experience across the entire maritime supply chain, producing multi-client analytical studies for sectors including offshore oil and gas, renewables and the energy transition…
Paramount Group Names Griessel CEO
Paramount Group, the global aerospace and technology company, announced today that it has appointed Steve Griessel as its Group Chief Executive Officer with immediate effect.South African-born Griessel, a global business executive who served as CEO of several companies in South Africa and the United States, including two public companies, brings more than 30 years of business leadership and senior management experience to the group.Ivor Ichikowitz…
Concordia Maritime Sells Tanker Stena Perros
Concordia Maritime announced it has entered into a contract for the sale of the P-MAX vessel Stena Perros (65,000 dwt, built in 2007). The buyer is an oil company…
Singapore Remains World's Top Maritime Hub
Singapore has held onto its spot atop the list of the world's best maritime cities, according to a recent report from classification society DNV and Menon Economics.The 2022 edition of the Leading Maritime Cities (LMC) report launched Thursday provides fresh insights into which global hubs offer the best infrastructure, technology, finance, and world-class talent, to help the maritime community connect…
4,400 Migrants Lost at Sea Bound for Spain in 2021, Double Previous Year
More than 4,400 migrants, including at least 205 children, were lost at sea trying to reach Spain in 2021, a monitoring group said on Monday - more than double the figure from the previous year and the most since the group began counting in 2018.The group, Walking Borders, or Caminando Fronteras, blamed increasingly dangerous routes, inferior boats and the fear of some vessels to help migrants at sea for the surge in deaths.
BIMCO Urges Gulf of Guinea States to Crack Down on Piracy
Shipping organization BIMCO is urging states in the Gulf of Guinea region to take responsibility and step-up prosecution efforts when pirates are apprehended by international navies, following the release of three suspected pirates held in custody on board Danish frigate Esbern Snare.“The presence of international navies is a very important step in the right direction to keep seafarers safe but establishing…
2022 & Beyond: Will the Container Carrier Debacle Ever End?
When the global supply chain runs smoothly, it’s like a well-choreographed dance. Everything comes together elegantly and effortlessly. But when someone misses a step, the show can quickly turn into a disaster. And that’s what’s currently unfolding before our eyes, headline after headline.Those of us in the supply chain industry know it takes a Herculean effort to keep the wheels of commerce turning without so much as a squeak or rattle.
At Least 16 Dead in Greek Shipwreck
At least 16 people died when their boat overturned off the Greek island of Paros in the central Aegean Sea on Friday, in the third maritime disaster involving migrants this week, the country's coastguard said.Authorities scrambled a search and rescue operation overnight northwest of Paros. Air and sea assets were deployed to the area, the coastguard said.Greece is one of the main routes into the European Union for migrants and refugees from Africa…
FPSO for Greater Tortue Gas Project Due in Senegal by end-2022
BP's floating, production, storage, and offloading vessel (FPSO) for the Greater Tortue Ahmeyim gas project offshore West Africa is expected in Senegal waters for commissioning and testing by the end of 2022, a company executive said on Friday.The FPSO for the project, which straddles Senegal and Mauritania, is being built in China by France's Technip Energies.Massaer Cisse, BP's vice-president, and…
Pakistan to Boost Shipping Fleet to Tackle Global Logistics Crisis
Pakistan is working to boost the capacity of its shipping fleet to draw on its strategic geographical position and help tackle the effects of a global supply chain crisis, the country’s maritime minister told Reuters.Pakistan has a coastline of over 1,000 kilometers (621 miles) and three major ports, including Karachi. It is two days sailing time from destinations in Africa and the Middle East and…
Vestdavit Reports Record Sales
Norwegian davit supplier Vestdavit reports it has achieved record sales this year as it focuses on continuous product innovation to boost orders in both core and new markets.The company is on course for group-wide sales of more than Nkr200 million ($22 million) in 2021, a 20% increase on last year, to ensure a solid profit for the year and its fabrication facility in Poland is currently working at full capacity…
Hyundai, Daewoo Tie-up Faces EU Antitrust Veto
South Korean shipbuilder Hyundai Heavy Industries' proposed acquisition of rival Daewoo Shipbuilding & Marine Engineering Co Ltd is set for an EU antitrust veto after the companies declined to offer remedies to allay competition concerns, people familiar with the matter said.Hyundai, one of the largest shipbuilders in the world and which had announced the deal in 2019 in part due to overcapacity in the sector…
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
