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Ardent Refocuses Strategy, Relocates to Netherlands
Ardent has announced a refocus of its strategy and a relocation of its headquarter.Ardent will refocus its strategy away from decommissioning towards its core business…
BY THE NUMBERS: the OSV Markets
US Offshore Support Vessel Analysis 2018 and 2019. The US GOM Offshore Support Vessel (OSV) market is suffering, utilization remains poor, and many owners are still squeezed financially. However, a poor market forces people to adapt and for those willing to take risks, the upside can be extremely large.US Owners 2018 vs. 2019: Within the US GOM, 2018 saw a period of strategic thinking and tactical business decisions.
Three More Vessels Join SAL Heavy Lift
SAL Heavy Lift, a carrier specializing in sea transport of heavy lift and project cargo, announced that it will expand its fleet with three heavy lift vessels with…
India: 20 Kidnapped from Tanker off West Africa
India's foreign ministry said on Monday that 20 of its nationals had been kidnapped from an oil tanker in West African waters."Our Mission in Abuja has taken up the matter with the Nigerian authoritie
MacGregor-Equipped Icebreaker for China
A MacGregor project team has been involved in the polar icebreaker Xue Long (Snow Dragon) 2 project for China’s 36th Antarctic expedition from the very early stage…
Deepwater Investments to Grow +5% in 2020
Though overall global upstream investments in 2020 will decrease by around 4%, deepwater will be the only segment expected to grow above 5% next year, spelling a boom for the industry…
Pirates Release Kidnapped Tanker Crew off Togo
Pirates have released three crew taken hostage from a Greek oil tanker off the coast of the West African country of Togo in November, the vessel's manager said on Friday.A fourth hostage…
Will 2020 be the year for Subsea Mining?
Anyone who has been around the Offshore Oil and Gas or the Marine industries for long has heard of plans for mining various minerals located on or just below the seafloor. In fact, when Howard Hughes built the Glomar Explorer in 1972, the cover story for its true mission – recovering a Soviet submarine - was that the rig would be used to mine manganese nodules from the deep ocean floor. This cover…
SNA Names Two New VPs
Surface Navy Association (SNA) names two new Vice Presidents to focus on Navy and Coast Guard Enlisted membersThe Surface Navy Association has established two new…
ISO: Affordable & Reliable Workboat Comms
The commercial shipping world can benefit from greater range of communications and reduced satellite costs. Domestic brown water operators know all too well that’s easier said; than done.
Bahri Looks to Make LNG Foray
Saudi Aramco's shipping arm Bahri has issued an expression of interest (EOI) to charter up to 12 liquefied natural gas (LNG) tankers from 2025, its first foray into the superchilled fuel, industry sources said on Monday.No further details were immediately available and Saudi Aramco declined to comment. EOIs are preliminary enquiries that may or may not turn into full-fledged orders.According to Bahri's website…
Offshore: OSV Market Report
The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil.
Port Operator ICTSI to Double Capacity at Congo Terminal
Philippines-based port operator International Container Terminal Services Inc. (ICTSI) will more than double the capacity of its container terminal in Congo as part of a $100 million expansion, the company said on Thursday.Located on the Congo River, the port city of Matadi, where ICTSI operates the Matadi Gateway Terminal (MGT) under a joint venture with Congolese property management company SIMOBILE…
Mega Cranes Arrive in Liverpool
Three ‘megamax’ quayside ship-to-shore (STS) cranes sailed up the River Mersey, destined for the Liverpool2 container terminal, UK, completing the final stage of…
Semco Maritime to Upgrade Odfjell Rig
Odfjell Drilling and Semco Maritime signed a contract for preparation and modification of Deepsea Stavanger rig prior to its start of a nine-month drilling campaign…
Unifeeder Acquires Feedertech
Denmark’s Short-sea operator Unifeeder , part of the global port operator DP World, has acquired a 77% stake in The Feedertech Group, a Singapore-based feeder and…
Petronas in Game for a Third FLNG Unit
Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) would build a third floating liquefied natural gas (FLNG)unit if there’s a demand.Petronas is…
Retrofit Solution for LSF Engines
Chinese shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) said that its worldwide equipment service subsidiary CSSC Marine Service Co (CMS) is…
Nigeria Ports in Pact with Port of Antwerp
The Antwerp port community and its various partners are currently on a trade mission to West-Africa, including Benin and Nigeria.A collaboration agreement was signed…
Four Dead, 16 Missing after Failed Med Crossing
Four migrants have died and up to 16 more are missing after trying to cross into Europe from North Africa on a small raft, Spain's coastguard said on Wednesday.Rescuers saved 58 people from the raft…