US Defense Bill Affirms Jones Act Applies to Offshore Wind
The U.S. Senate on Friday passed the National Defense Authorization Act (NDAA) for fiscal year 2021, a massive $741 billion defense bill setting policy for the Pentagon. Importantly for the U.S. offshore and maritime industries, the bill includes an amendment ensuring full enforcement of the Jones Act and other federal laws in offshore wind development.The legislation passed the Senate by a vote of…
WE Tech to Equip Knutsen LNG Carrier Duo
WE Tech Solutions said it has received an order to deliver its Solution One Economical Operations to a series of two liquefied natural gas (LNG) carriers being built by Hyundai Heavy Industries Co. in South Korea. This 174,000-cubic-meter capacity LNG carrier series is owned by Knutsen OAS Shipping and will be chartered to Polish Oil Mining and Gas Extraction S.A..WE Tech said its delivery package includes two sets of direct drive permanent magnet shaft generators…
Brazilian Prosecutors Sue Maersk Over Alleged Corruption
Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former executives representing the firm for alleged corruption involving shipping contracts with state-run oil firm Petrobras, they said on Friday.The lawsuit requests that a judge freeze almost 1 billion reais ($198 million) in assets in order to make sure funds are available to pay for damages resulting…
Jiangnan’s Digital VLGC Design Earns LR AIP
Classification society Lloyd’s Register (LR) said it has awarded approval in principle (AIP) to Chinese shipbuilder Jiangnan Shipyard Co.
Vroon PSVs Support ENI's Drilling Campaign Offshore Mozambique
Italian oil and gas company Eni has chartered two Vroon platform supply vessels to support its offshore drilling project in Mozambique.Vroon said this week that the contract with ENI was on a long-term drilling project, with Vroon providing platform-supply vessels VOS Princess and VOS Principle in support of the drillship SAIPEM 12000.ENI’s campaign will resume in the second half of December, after a suspension due to the COVID-19 pandemic.
Green Hydrogen is Finally Getting Its Day in the Sun
Hydrogen has taken off this year as the future green fuel of choice, with governments and businesses betting big that the universe's most abundant element can help fight climate change.More than $150 billion worth of green hydrogen projects have been announced globally in the past nine months. In total, more than 70 gigawatts of such projects are in development, which could require $250 billion worth of investment by 2040…
UK Says It's Wrong To Conflate Port Congestion With Brexit
Prime Minister Boris Johnson's spokesman said on Friday it would be wrong to conflate large queues of lorries at British ports with the issue of Brexit, saying the congestion was mainly caused by a spike in consumer goods demand and COVID-19 disruption."It's been primarily caused by a global spike in demand for consumer goods over many months this year, as well as disruption to global shipping patterns and container capacity related to changes caused by the pandemic and subsequent commercial iss
Baltic Index Posts Weekly Gain
The Baltic Exchange's main sea freight index gained on Friday, and notched a weekly rise, on stronger rates across all vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose by 50 points, or 4.3%, at 1,211, its highest since Nov. 30. The index rose 1.2% for the week.The capesize index gained 114 points, or 8.6%, at 1,434, a one-week high.But the index fell 5.7% this week…
CMA-CGM Suspends Cargo Bound for South China Ports in Early 2021
CMA-CGM, the world's fourth-largest container shipping line, has told customers it will not take bookings for cargo due to arrive at ports in southern China over several weeks in early 2021 due to a suspension of service by feeder operators.Feeders collect containers from smaller ports and take them to terminals where they can be loaded onto large vessels.CMA-CGM's move comes amid a global shortage…
2020 OSV Update: Laid Up and Beginning To Look Lazy
With increased time in layup and outdated tonnage, surely after all that has occurred in 2020 it’s about time for the offshore support vessel (OSV) sector to address…
Second Russian Pipe-layer Moves to Nord Stream 2 Gas Pipeline Site
A Russian pipe-laying vessel, Fortuna, has arrived at the construction site of the Nord Stream 2 gas pipeline in the Baltic Sea, Refinitiv Eikon data showed on Friday…
Ocean Yield Sells Connector Vessel to Jan De Nul
Luxembourg-based marine services company Jan De Nul Group has agreed to buy the offshore construction and cable-lay vessel Connector from Ocean Yield. The vessel will be officially transferred during the fourth quarter of 2020.The Connector, previously known as Lewek Connector, is an advanced subsea construction & cable-lay vessel that was operating on a long-term bareboat charter until February 2017.
Proserv, Intelligent Plant Ink Deal Aiming to Drive Digital Evolution
Proserv Controls signed a strategic alliance with software engineering firm Intelligent Plant, a deal aimed to deliver advanced control systems and data analysis to provide operators with digital solutions tailored to their needs and feedback. The announcement follows a broader industry trend toward leveraging true digitalization to help rationalize efficiencies in the offshore industry. Ultimately…
New CFO for Concordia Maritime
Swedish tanker shipping company Concordia Maritime has named Martin Nerfeldt as the new CFO and member of Group management. He will replace the current CFO Ola Helgesson, who has decided to leave his position to take on new challenges.Nerfeldt holds an MSc (Economics) from the Gothenburg School of Business, Economics, and Law, and joins the Company from his role as CFO of Sail Racing International AB.
