Maritime Industry Top News
Olympic CSOV Completes Sea Trials
A new construction service operations vessel (CSOVs) being built by Norwegian shipbuilder Ulstein Verft for Olympic has completed sea trials.The newbuild, Olympic Boreas, launched from the dock hall at Ulstein Verft on April 6, is the first of two sister vessels for Olympic, designed to assist in offshore energy construction projects and service assignments.The vessels are based on the ULSTEIN SX222 design from Ulstein Design & Solutions AS and feature the novel TWIN X-STERN solution.
N-Sea and Neptune Marine Launch Subsea Cable Repair Vessel
N-Sea Group and its partner Neptune Marine have launched Curo, the first dedicated the first dedicated cable repair and installation vessel.The launch took place at the Neptune Ship Yard in Hardinxveld-Giessendam.Neptune Marine Service recently converted the existing anchored barge NP-459 into a dedicated cable repair DP2 vessel with 50t offshore knuckleboom crane named Curo.The vessel will be available…
Strategic Marine Inks Four CTVs Construction Contract with Venus Marine
Singaporean shipbuilder Strategic Marine has signed a contract with Venus Marine for the construction of four Crew Transfer Vessels (CTVs) for operations in Europe and Taiwan.This project is the result of a collaborative effort with renowned design firm BMT Limited, showcasing the latest advancements in marine engineering and technology.The design of the four 27-meter CTVs makes them suitable for challenging…
Noble Corporation and Diamond Offshore Enter Merger Creating 41 Rig Units Fleet
Noble Corporation has entered into a definitive agreement to acquire Diamond Offshore, creating a fleet of 41 rigs - including 28 floaters and 13 jack-ups, and a combined backlog of approximately $6.5 billion.Noble will acquire Diamond in a stock plus cash transaction, whereby Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration of $5.65 per share for each share of Diamond stock…
Ship Recycling: Budget News for Bangladesh
An eventful week in the ship recycling industry saw the announcement of the Bangladeshi budget surprisingly deliver negative news for Chattogram’s ship recycling sector, reports cash buyer GMS.“Bangladesh’s proposed budget has surprisingly fallen short of appreciating, assessing, or even addressing the extent of the nation’s ongoing economic crises via establishing realistic targets and measures needed to correct recently erupted financial abnormalities…
PIL Launches Employee Training Academy
Pacific International Lines (PIL) has launched its learning and development center of excellence, the PIL Academy, to provide training in maritime and transport logistics for all its employees.The academy aims to strengthen workforce capabilities and future proof careers. It will collaborate with organizations and technology partners to develop a holistic curriculum with accredited courses that will…
Charter Owners’ Share of Fleet Fallen to Lowest Since 2002
The charter owners’ container fleet has grown at an average annual rate of 3.2% for the past 12 years and currently stands at 11.7m TEU. The operator owners’ fleet has however grown faster, so the charter owners’ fleet now makes up only 40% of total container fleet capacity, down from 50% in 2012,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The charter owners’ share of the container fleet…
Esgian Week 23 Report: Semisub Action in Norway, Australia
Esgian provides an update on semisub activities in Norway and Australia in its Week 23 Rig Analytics Market Roundup.Report SummaryContractsTransocean has announced contract fixtures for three harsh environment (HE) semisubmersibles. Together, the fixtures represent approximately $161 million in firm contract backlog.Shelf Drilling has secured a 15-month award for the 357-ft jackup Shelf Drilling Tenacious…
BOEM Advances Offshore Wind in Central Atlantic
The US Bureau of Ocean Energy Management (BOEM) has announced the availability of its final Environmental Assessment (EA), which considers possible impacts from issuing leases for potential offshore wind development off the Delaware, Maryland, and Virginia coasts, including site assessment and site characterization activities such as geophysical, geological, and archaeological surveys.The EA concluded…
New Zealand to Introduce Bill to Reverse Oil and Gas Exploration Ban
New Zealand's government said on Sunday it would introduce legislation to remove a controversial ban on offshore petroleum exploration to attract investment to the country's oil and gas sector.The bill would end the ban, in place since 2018, on exploration outside onshore Taranaki, an energy-rich region on New Zealand's North Island, Resources Minister Shane Jones said in a statement.The bill will be introduced to parliament before the end of 2024, he said."As well as removing the ban, we are pr
Chinese Fighter Jets Approached Dutch Ship 'Unsafely'
Chinese air force jets circled a Dutch frigate and approached a Dutch helicopter in the East China Sea in a way that "caused a potentially unsafe situation," the Netherlands' Defense Ministry said on Saturday.In a statement, the Ministry said the HNLMS Tromp was patrolling on Friday in support of U.N.
China Says US Provoking Arms Race in South China Sea
The U.S. poses the largest security challenge in the South China Sea as its military deployment there is turning it into "the whirlpool of an arms race", Chinese Vice Foreign Minister Sun Weidong said in remarks published on Sunday.Recent maritime run-ins between China and the Philippines, a U.S. treaty ally, have made the highly strategic South China Sea a potential flashpoint between Washington and Beijing."At present…
UK Dismisses Statement by Houthis Saying They Attacked Destroyer
Britain's defence ministry said on Sunday a statement by Yemen's Houthis that they had fired ballistic missiles at a British destroyer in the Red Sea was false.The Houthis did not say whether the attack they said they had carried out on the HMS Diamond had caused any damage, but described it as "accurate"."These claims are untrue," a British Ministry of Defence (MoD) spokesperson said.The Houthis said they had also attacked two commercial vessels which they identified as the Norderney and Tavvis
Two Vessels Catch Fire After Missile Strikes off Yemen
Two ships caught on fire after being hit by projectiles off Yemen's Aden, two UK maritime agencies reported on Sunday.The British security firm Ambrey said on Sunday an Antigua- and Barbuda-flagged general cargo ship was struck by a missile 83 nautical miles southeast of Aden and caught fire. The fire was later contained.Earlier, the United Kingdom Maritime Trade Operations (UKMTO) said it had received…
Two Dead After Vessels Collide in Alaska
One person is dead after two vessels collided near Wrangell, Alaska Wednesday morning, authorities said.U.S. Coast Guard Sector Southeast Alaska Command Center received a mayday call over VHF radio at approximately 8:52 a.m. reporting a person in the water.A 58-foot fishing vessel collided with a 20-foot skiff, throwing one person from the skiff into the water, who was recovered by good Samaritans on-scene.The U.S.
Bulk Carrier Crew Rescues Sailors Stranded in Rough Seas
A Panamanian registered bulk carrier came to the aid of a sailboat that was stranded in heavy seas 250 nautical miles off the U.S. East Coast.On April 24, 2024, the crew of CSL's self-unloader Sheila Ann received a mayday call from a sailboat stranded 16 nautical miles away in rough seas and strong winds. The ship's master and crew relayed the distress call to the U.S. Coast Guard, which said it could…
Court Approves Hornblower's Financial Restructuring Plan
Hornblower Group on Friday announced its financial restructuring plan has gained court approval, clearing way for the marine transportation and experiences company to emerge from Chapter 11 bankruptcy in the coming weeks.Under the plan approved by the U.S. Bankruptcy Court for the Southern District of Texas, majority ownership of San Francisco-based Hornblower will transition to funds managed by investment firm Strategic Value Partners (SVP)…
Houthis Say They Targeted Two Cargo Ships in the Red Sea
Yemen's Houthis on Friday said they targeted two vessels in the Red Sea with drones and missiles, but there was no independent confirmation of the purported attacks.The group targeted the Elbella and AAL Genoa vessels with "a number of drones and ballistic and naval missiles", the Iran-aligned group's military spokesman Yahya Saree said in a televised speech.Saree did not specify the date on which the strikes were carried out.
ECOLOG LCO2 Carrier Design Earns ABS Approval
ECOLOG's low pressure, shallow-draft, low carbon footprint 40,000 cbm liquid carbon dioxide (LCO2) carrier design has been awarded an approval in principle (AIP) from ABS, the classification society announced.This AIP is the result of cooperation within a joint industry project (JIP) on the detailed design development, taking into account LCO2 critical characteristics, including operational requirements with respect to low pressure and shallow draft.
Amphibious WW2 'Duck' Vehicle Reenacts Normandy Landing on D-Day Anniversary
With a single piper playing bagpipes on deck, a restored World War Two amphibious vehicle landed on Gold Beach in Normandy on Thursday, exactly 80 years after the allied landing that started the liberation of France from Nazi occupation.The son of a World War Two soldier, British lawyer and vehicle historian Nigel Stoate, 55, steered the craft ashore after driving off a Royal Marines ship that had picked it up in Portsmouth harbour earlier this week."We landed at 7:25 a.m.…