BW Group Buys 39.1% Stake in Navigator Holdings
Private equity firm WL Ross & Co. said it has agreed to sell its approximately 39.1% equity interest in ship owner-operator Navigator Holdings to maritime and offshore…
Keppel AmFELS Lays Keel for First Jones Act WTIV
Shipbuilder Keppel AmFELS has laid the keel for the first ever Jones Act compliant offshore wind turbine installation vessel (WTIV) at its shipyard in Brownsville, Texas, marking a key milestone for the development of the U.S. offshore wind industry.With several gigawatts of offshore wind capacity to be installed along the U.S. East Coast in the next decade, access to Jones Act compliant WTIVs is of strategic importance to the U.S. offshore wind market. Currently no such vessel exists.
Ammonia Fuel Cells for Deep-Sea Shipping: A Key Piece of the Zero-emissions Puzzle
Interest in ammonia-powered fuel cells for the maritime sector is growing, but stakeholders have been hesitant to commit to investments in large-scale systems. Now the ShipFC project is aiming to secure a place for ammonia in the future of deep-sea shipping.The project will equip the offshore supply vessel Viking Energy, owned and operated by Eidesvik and on contract to energy major Equinor, with a 2-megawatt (MW) ammonia fuel cell…
NETSCo, LR Designing Jones Act Wind Turbine Installation Vessel
Northeast Technical Services Co., Inc. (NETSCo) and Lloyd’s Register North America, Inc. (LR) are working to design and develop a Jones Act compliant wind turbine installation vessel (WTIV) capable of serving the burgeoning U.S. offshore wind sector.The current pipeline of state procurement targets along the U.S. East Coast calls for 12 gigawatts of offshore wind capacity installed by 2030 and 29.1 gigawatts total installed by 2035…
Biden Introduces Buttigieg as Transportation Secretary
President-elect Joe Biden touted the diversity of his incoming administration as he introduced former rival Pete Buttigieg on Wednesday as his choice for U.S. transportation secretary.Buttigieg, the former mayor of South Bend, Indiana, would be the first openly gay Cabinet secretary confirmed by the Senate if he is approved.Appearing with Buttigieg in Wilmington, Delaware, Biden said the 38-year-old…
BW LPG Opts for Additional LPG Retrofits
BW LPG announced it will retrofit three additional vessels to make them dual fuel capable, brining to 15 the number of its ships slated to be equipped for running on both fuel oil and liquefied petroleum gas (LPG).The Oslo-listed shipowner, part of the BW Group, announced in 2018 that it would initially equip four very large gas carriers (VLGC) with the novel propulsion solution. Later, two four-vessel…
Seaspan, Genoa Partner on $3 Million Digital Twin Project
Two Canadian firms are partnering to develop and commercialize 3D digital twin capabilities with hopes of making Canada more globally competitive, driving export opportunities and creating jobs in the marine sector.The the $3 million-plus Digital Ship In-Service Support Project comes from Canada’s Ocean Supercluster’s (OSC) Accelerated Ocean Solutions Program. Led by British Columbia-based Seaspan Shipyards together with partner and Newfoundland and Labrador-based…
Daniamant Acquires Alcares
Danish-based marine electronics company Daniamant said it has acquired the Danish-based company Alcares’ complete portfolio of products, assets and activities. Alcares specializes in the design…
DREDGING: Royal IHC, Arab Potash Launch CSD Alyarmouk
Arab Potash Company's (APC) newest cutter suction dredger (CSD) was launched at Royal IHC’s shipyard in Krimpen a/d IJssel, The Netherlands, on Wednesday. APC will use Alyarmouk at its site in Jordan, where it will cut and remove crystallized salt under harsh conditions.The custom-built vessel is a 3,557-kilowatt CSD and a further developed copy of the dredger Jarash, which IHC delivered to APC in 2018.Alyarmouk is the last of three contracts signed between APC and IHC earlier this year.
REM Offshore Orders Offshore Wind Vessel
Norwegian offshore vessel operator Rem Offshore has ordered a Construction Service Vessel for offshore wind operations from Green Yard Kleven shipyard in Ulsteinvik.Havyard Design & Solutions AS is responsible for the design. The vessel, which was originally designed as a Havyard 833 WE platform supply vessel PSV, will be converted into a service vessel for offshore wind, under the Havyard 833 CSV design.
Norsepower Secures Its First Newbuild Order
Wind propulsion systems provider Norsepower said it has secured a contract to install five tilting rotor sails on board a large bulk carrier for an anonymous shipowner, marking the Finnish company's first installation aboard a newbuild vessel. Preparations are currently underway with the installation scheduled to take place in 2021.Norsepower’s fuel-saving rotor sail auxiliary propulsion solution, which can be installed on new vessels or retrofitted on existing ships…
Eagle Bulk Acquires Secondhand Ultramax
Eagle Bulk Shipping Inc. has purchased a 2015-built bulk carrier for a purchase price of $16 million, the U.S.-based dry bulk owner-operator announced Wednesday.The ship…
Bucher Named CEO at Victaulic
Victaulic appointed Rick Bucher as Chief Executive Officer, succeeding John F. Malloy, effective January 31, 2021. Dr. Bucher was named President of Victaulic in April of 2020, following a June 2019 appointment as Chief Operating Officer. Prior to joining Victaulic in 2009 as Vice President of Engineering, Dr. Bucher worked for 15 years for W.L. Gore, a manufacturer of technologically advanced composite materials. Dr. Bucher received a B.S. and M.S.
Iran Says It Opposes All Maritime Sabotage, Days After Tanker Blast
Iran said on Wednesday it was against any act that threatened maritime safety and trade, two days after a fuel transport ship was attacked near the Saudi port of Jeddah."Iran rejects any act of sabotage against maritime safety and security and the freedom of international trade" ISNA news agency quoted Foreign Ministry spokesman Saeed Khatibzadeh as saying when asked about the attack.(Reporting by Dubai newsroom; Editing by Andrew Heavens)
DNV GL Scores Work at BHP's Trion FPU
Australian oil and gas company BHP, working to develop the Trion field offshore Mexico, has hired DNV GL to verify that the new infrastructure built for the Trion project is compliant with local and global safety, as well as other requirements. BHP acquired the Trion asset in Mexico’s first-ever Deepwater Bid Round in 2016. The Trion field encompasses an area of 1,285 square kilometers and is located in the deep waters of the Perdido belt.
Great Ships of 2020: NYK's Sakura Leader
The world’s first Digital Smart Ship (DSS)On October 28, 2020, NYK took delivery of Sakura Leader, a pure car and truck carrier (PCTC) capable of navigating oceans with only LNG as the ship’s main fuel. This delivery marks a step toward achieving NYK’s environment management target, which is to reduce CO2 emissions per ton-kilometer of transport by 50% by 2050. The vessel was built at the Shin Kurushima Dockyard of Shin Kurushima Toyohashi Shipbuilding Co.
BIMCO Number of the Week: Europe-bound Container spot rates Exceed $6,000
As spot container freight rates entered December, they also entered record-braking territory, climbing from $3,076 per FEU on the last day of November to $4,858 per FEU on first day of December. This was a milestone in its own way.Since then, all stars aligned for a continued climb that has seen spot rates break through the $6,000 per FEU mark on 15 December, now quoted at $6,102 per FEU (on December 16, 2020).
Venezuela: PDVSA Starts Oil Transfer from Troubled Offshore Facility to Barge
Venezuelan state oil company Petroleos de Venezuela has begun transferring crude off of an offshore oil facility where governments in two neighboring countries have voiced concerns about a potential spill, two people familiar with the matter said on Tuesday.The company this week began the first of several transfers from the Nabarima floating storage and offloading facility (FSO), anchored in the Corocoro oilfield off Venezuela's eastern coast…
Keppel Delivers Fifth Trailing Suction Hopper Dredger to Jan De Nul
Keppel Offshore & Marine has delivered another Trailing Suction Hopper Dredger (TSHD) to Jan De Nul Group.Named Ortelius, the 6000m3 Trailing Suction Hopper Dredger, is the fifth dredger that Keppel O&M has delivered to Jan De Nul Group, following the delivery of three 3500m3 TSHDs and one 6000m3 TSHD last year. According to the shipbuilder, all five dredgers are Ultra-Low Emission vessels (ULEv) and…