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KT Vessels to Support Shellâs Prelude FLNG
Shell Australia has awarded a major contract for the design, construction and operation of three Infield Support Vessels (ISVs), which will create approximately 80 local jobs and support its Prelude FLNG Project, located 475km north-north east of Broome, in Western Australia. Perth-based KT Maritime Services Australia Pty Ltd, a joint venture partnership with KOTUG International B.V and Teekay Shipping Australia Pty LtdâŚ
Oman Drydock Announces 200th Drydocking
Oman Drydock Company (ODC), based in the Middle Eastâs new mega city of Duqm, signaled its "passionate and driving ambition" to catapult itself further into the regionâs multibillion dollar ship repair industry after completing its 200th drydocking since launching in 2011. A ceremony was held at the shipyard, which cost $1.5 billion to build, to celebrate the landmark with shipping giant Maersk whose vessel, the 4388 TEU Maersk Wisconsin, was the 200th ship to be drydocked by ODC.
U.S. DOE Gives Preliminary Nod to Cameron, LA LNG Exports
Energy Department Conditionally Authorizes Cameron LNG to Export Liquefied Natural Gas. The Energy Department announced today that it has conditionally authorized Cameron LNGâŚ
Congressman Garamendi Again Fights the Maritime Corner
During the House Transportation and Infrastructure Committeeâs markup of H.R. 4005, the Coast Guard Reauthorization Bill, Subcommittee Ranking Member Congressman John Garamendi (D-Fairfield, CA) spoke up for American jobs, a revival of the maritime industry, and a Cruise Ship Passenger Bill of Rights. Because the Coast Guard Reauthorization Bill modernizes maritime policy, provides budget stabilityâŚ
Gas Carrier SCF Mitre Launched
The launching ceremony of the final ship in a series of four LNG carriers built at STX Offshore and Shipbuilding Co., Ltd. was held in South Korea on February 11, 2014.
Murray & Associates Hosts Third Fishing Challenge
A group of industry professionals from the commercial maritime sector gathered in Fort Lauderdale, Fla. at 8 a.m. on February 8 to participate in Murray & Associates LLCâs 2014 Fishing Challenge. The naval architect and marine engineering group hosted the tournament for the third consecutive year as a way to gather clients and maritime business professionals for a day of fishing on Floridaâs beautiful waters.
Wärtsilä Achieves 2013 Financial Target
"For Wärtsilä, 2013 was a year of varying activity within our different end markets. While the improvement in global vessel contracting was significant, power generation markets declined for the second consecutive year. Unfavourable exchange rates and some delayed deliveries at the end of the year led to a slightly weaker than expected net sales development. Profitability on the other hand developed well, reaching 11.2% for the full year.
Tsakos Announces Time Charter Extension
Tsakos Energy Navigation Ltd. (TEN), a crude, product and LNG tanker operator, announced the time charter renewal of a 2004 built, double hull handysize productâŚ
EXMAR Commits to LPG with New Charters
EXMAR LPG has been awarded Statoil ASAâs time charter requirement for two environment-friendly 38,000 m³ (Midsize) LPG newbuildings intended for LPG trading within North West Europe. Both performing vessels are part of EXMAR LPGâs existing orderbook and are being built at Hanjin Subic Bay. The duration of each Time-Charter is for a period of minimum five years up to maximum 10 years basis delivery within 2016.
Pivotal LNG, WesPac to Fuel TOTEâs LNG Containerships
Pivotal LNG, Inc., a wholly owned subsidiary of AGL Resources, and WesPac Midstream LLC announced they have been selected by TOTE, Inc. to provide liquefied natural gas (LNG) to fuel TOTEâs two new state-of-the-art container ships in Jacksonville, Fla. TOTEâs new dual fuel LNG container ships are expected to be delivered to the port in Jacksonville in late 2015 and early 2016. To move forward on this projectâŚ
Trelleborg Launches Barometer Report Survey
Trelleborg has launched its regular Barometer Report survey, designed to gather the latest insights and opinions from across the marine industry. Port owners, operators, contractors and consultants are invited to tell Trelleborg about their experience, and enter a free draw to win an iPad. Last yearsâ report found infrastructure strained as ports struggled to keep up with new developments such as expanding container trafficâŚ
Ecospeed to Coat EXMAR Caribbean FLNG
In order to tap into Colombian stranded gas reserves, Pacific Rubiales Energy Corporation and EXMAR nv have partnered in a project to build and operate a floating LNG liquefaction, and storage unit, the Caribbean FLNG, which will be stationed at a jetty several kilometers off the Caribbean coast of Colombia for at least 15 years. In order to protect the hull of the Caribbean FLNG, keep it clean andâŚ
Worldâs Fastest Ferry Using SharpEye Radar
Kelvin Hughes, a designer and supplier of navigation and surveillance systems, announced that its SharpEye radar is now in continuous use on the worldâs fastest ferry, operating between Argentina and Uruguay. Launched in Oct 2013 by the President of Argentina, Christina Fernandez de Kirchner, and operated by Buquebus of Uruguay, the ferry, named Francisco after the Argentinian-born Pope Francis, carriesâŚ
MARAD's Jaenichen to Open NAMEPA 'Winds of Change' Conference
Acting Maritime Administrator, Paul âChipâ Jaenichen will open the âWinds of Change in Shippingâ conference being hosted by NAMEPA (North American Marine Environment Protection Association) in Houston along with the WGMA (West Gulf Maritime Association) on February 19, 2014. The next day, February 20th, NAMEPA is partnering with NOIA (National Ocean Industries Association) to present the âWinds of Change in Offshore Oil and Gasâ.
Maritime & Merchant AS Granted Banking License
Maritime & Merchant AS (M&M) (TBR Maritime & Merchant Bank ASA) has received regulatory approval to operate a private bank in Norway, underpinning the firmâs strategy to become a niche financial institution dedicated to meeting the funding needs of owners active in the shipping and offshore industries, worldwide. âWe are currently preparing for a capital issue with a target of $300-350 million (USD) in equity to fund operations.
Greek Tankship Operators TEN Public Share Offering
Tsakos Energy Navigation Ltd. (TEN) plans to offer its common shares in a public offering. The Company says it plans to use the net proceeds of the offering to finance the growth and modernization of its fleet, and for general corporate purposes. Entities affiliated with the Tsakos Holdings Foundation, which is the Companyâs largest shareholder, have indicated their intention to purchase 500,000 of the common shares sold in the offering.
Damen Wins Double Repair Order
Damen Shiprepair Brest (France) received a booking for the drydocking and repairs of two shuttle tankers managed by Knutsen NYK Offshore Tankers A/S. The 88,109 GRT sister vessels Karen Knutsen and Sallie Knutsen expect to arrive end February and Middle of March respectively. Damen Brestâs Managing Director Jos Goris commented, âWe are very pleased with the order from Knutsen NYK Offshore Tankers.
Fendercare Provides STS Support Services
Fendercare Marine provided STS support services for the first open seaâs Liquefied Natural Gas (LNG) STS operations for two of the worldâs leading Gas Majors. The LNG STS operations were performed in the Eastern Mediterranean with a number of 152,000 cm3 membrane tank Liquefied Natural Gas Carriers (LNGC), and most recently a 135,000 cm3 moss type carrier; all delivering cargo to one of Excelerate Energyâs 138,000 cm3 Floating Storage & Regasification Unit (FSRU).
ABS Advises on Northern Sea Route Navigation
ABS, a provider of global maritime classification services, today released its Navigating the Northern Sea Route Advisory to support shipowners and operators intending to transit the increasingly popular commercial shipping routes through the Arctic seas. The comprehensive advisory, which was developed with assistance from Russia's Central Marine Research and Design Institute, provides owners withâŚ
Vestdavit: Out Ahead on Innovation and Safety
New regulations for davits used in the Norwegian offshore industry will not come into force until 2015, but in the meantime, they are already raising the safety bar.