Wagenborg Offshore Takes Delivery of Subsea Support Vessel Kingsborg
Wagenborg Offshore has taken delivery of the Kingsborg subsea support vessel.Kingsborg is a subsea support vessel, converted from a platform supply vessel, that will support subsea activities and decommissioning works in the southern North Sea in a long-term agreement with an energy major, Wagenborg said, without sharing the name of the client."After the positive experiences with the W2W vessels Kasteelborg and Keizersborg…
Israel's Ship Industry Urges Government to Help with Jump in War Insurance
Ships sailing for Israel face a 10-fold jump in war risk premiums as the conflict in Gaza intensifies, prompting industry calls for the government to help ensure vital imports keep coming.Israel has vowed to annihilate Islamist group Hamas after its fighters stormed through Israeli towns from Gaza on Oct. 7, killing 1,400 people and seizing more than 220 hostages.Israeli forces have hit back with deadly air strikes and now a ground offensive on the narrow coastal strip…
DSC Dredge Names Rondi Carlos-Volpi HR Director
Reserve, La. based DSC Dredge announced it has appointed Rondi Carlos-Volpi as director of human resources (HR).Volpi brings to the role more than 25 years of experience in HR, including 17 years in engineering-related roles and 3 years in the construction-related industry. She is a graduate of the University of New Orleans with a bachelor's degree in business management, specializing in HR management.Doy Dugan, DSC Dredge's chief financial officer, said, "We are delighted to have Ms.
BIO-UV to Deliver Ballast Water Treatment System for Drillship Pair
BIO-UV Group said Thursday it had received a major order to supply its BIO-SEA ballast water treatment system to a pair of drillships scheduled to enter an undisclosed operator’s offshore drilling rig fleet.According to BIO-UV, a modular version from the BIO-SEA B-Series, combining mechanical filtration and UV disinfection, has been ordered by a United Arab Emirates-based offshore drilling contractor…
White House Says It is Committed to Offshore Wind Despite New Jersey Setbacks
The Biden administration on Wednesday said it is committed to supporting the nascent U.S. offshore wind industry despite challenges that prompted the cancellation this week of two major planned projects off the coast of New Jersey.The White House and Interior Department both issued statements backing the sector shortly after Denmark's Orsted said soaring cost inflation, high interest rates and supply chain bottlenecks had forced it to stop development on the projects.
Euronav Doubles Q3 Core Profit Yr/yr; Beats Estimates
Belgian oil tanker firm Euronav on Thursday beat analysts' expectations and more than doubled its core profit in the third quarter from the same year-ago period, helped by higher sales and high freight rates.The market for very large crude carriers (VLCC) "has improved due to increased frequency of loadings from higher USA crude production", Euronav said in a statement. Although freight rates fell modestly during the quarter…
Singapore Firm Orders Next-Gen Cable Ship Design
Singapore-based Megamas Resources, in partnership with Renaissance Technologies (RTM) has contracted Ulstein Design & Solutions AS to design a cable-laying and repair vessel. According to a press release issued Thursday, the decision to press ahead with the order was taken in view of the shortage of cable ships, as well as an aging fleet in the submarine cable industry. Megamas Resources plans to build two cable layers…
Oceanology International Announces Marine Technology Reporter as Exclusive Video Media Partner
Marine Technology Reporter (MTR) has been unveiled as the exclusive video media partner of the Oceanology International exhibition and conference and will be delivering extended broadcast coverage from the 2024 event (Oi24).The collaboration will enhance Oi24’s value as a multi-media platform that communicates the changes in the fast-paced ocean technology, science, and engineering sectors and showcases…
Maersk Supply Service Selects Inmarsat Fleet Data IoT for Battery-powered AHTS
Danish offshore vessel owner Maersk Supply Service has selected the Fleet Data IoT platform from Inmarsat Maritime, a Viasat business, to help optimize the performance of its first vessel battery installation onboard the Maersk Minder anchor handler.The solution will also allow Maersk Supply Service to evaluate how best to optimize the use of zero-emission energy storage systems across its fleet. According to Inmarsat…
Ukraine Says Russia Dropped Explosives in Black Sea Shipping Lanes
Ukraine said on Wednesday Russian warplanes had dropped "explosive objects" into the likely paths of civilian vessels in the Black Sea three times in the last 24 hours, but that its fledgling shipping corridor was still operating.Ukraine is trying to build up a new shipping lane without Russian approval to revive its vital seaborne exports. Russia said it would consider any vessel a potential military…
Cashman Wins $29 Million Contract for Baltimore Dredging
Quincy, Mass. based Cashman Dredging & Marine Contracting Co. LLC, has secured a contract to perform maintenance dredging in Baltimore, Md.The $29,131,250 firm-fixed-price contract was awarded by the U.S. Army Corps of Engineers' Baltimore District. Cashman was one of three bidders for the project.The project, which involves the removal of 1,400,000 cubic yards (cy) from deep-draft federal navigation channels…
ZF Unveils New Azimuth Thrusters
ZF announced the expansion of its azimuth thruster (AT) lineup with the new AT 90, compatible with a wide range of commercial vessels such as tugs and ferries, supporting max power of 1,978 kW / 2,651hp.The well-mounted, Z-Drive thruster is one of the most flexible on the market, fully customizable to nearly any hull shape or vessel profile. It also supports auto-trolling. The combination with ThrusterCommand…
US October LNG Exports Climb to Second Highest Level on Record
U.S. liquefied natural gas (LNG) producers ramped up exports in October, to 7.92 million metric tons, according to data provider LSEG, the second-highest monthly level on record.Exports were just shy of the record 8.01 million metric tons in April this year, and were up from 7.12 million metric tons in September, when plant maintenance reduced U.S. production.The U.S. was the world's largest exporter of LNG in the first half of this year…
Baltic Dry Index Falls for 10th Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a tenth straight session to a near seven-week low on Wednesday, as rates fell across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 4% or by 58 points to 1,401.The capesize index declined 6% or 121 points to 1,899, its lowest in over one month.Average daily earnings for capesize vessels, which typically transport 150,0
First Steel Cut for Bernhard Schulte Offshore's New CSOV
The steel-cutting ceremony was held Tuesday for the first of two TWIN X-STERN CSOV vessels for Bernhard Schulte Offshore in CRIST, Poland.The vessel's hull will take shape in Gdynia before being transported to Ulstein Verft for further outfitting, testing, and completion.The CSOVs will have a centrally located motion-compensated gangway for walk-to-work operations, a lift tower for the transfer of personnel and cargo, and the capacity to accommodate 132 people on board.Credit: UlsteinThe vessels
ACE Winches Urges Industry to Invest in Young Talent
Scottish engineering business ACE Winches is calling on industry to invest more in training young people as it expands its own apprenticeship scheme.The Aberdeenshire-based company has welcomed its very first foundation graduate, bringing the number of young people recruited as apprentices to around 300 over the last 30 years.The company's founder and CEO, Alfie Cheyne, a marine engineering apprentice himself when he left school at 16…
Solstad Offshore Sells Laid Up AHTS Vessel
Solstad Offshore's subsidiary, Solstad Rederi, has sold the Anchor Handling Tug Supply (AHTS) vessel Nor Spring.The 2008-built, 70-meter-long AHTS vessel has been in layup in Asia since 2020. "Delivery of the vessel to the new owner took place today, November 1, 2023," Solstad Offshore said, without disclosing the name of the buyer."The sale of the vessel will result in a positive accounting effect of approximately MNOK 50 to be reflected in the Q4 2023 accounts…
U.S. Approves Construction of 2.6 GW Offshore Wind Project
The U.S. Department of Interior on Tuesday approved the construction and operations plan for the 2.6 GW Coastal Virginia Offshore Wind project, located approximately 23.5 nautical miles off Virginia Beach, VA.This is the fifth approval of a commercial-scale offshore wind energy project in the United States.Located approximately 23.5 nautical miles offshore Virginia Beach, the CVOW commercial project is the largest yet.According to the Department of Interior…
Brazilian Offshore Uptick Could Tighten US OSV Fleet
Increased activity in the Brazilian offshore oil and gas sector could help strengthen the market recovery for offshore supply vessels (OSV) in the U.S. Gulf of Mexico.In early October, Brazilian state-owned oil company Petrobras issued requests for quotations (RFQ) for up to 20 OSVs ranging from 3,000 to over 4,500 deadweight tons to support upcoming drilling and production activities. The value of…
Colonna's Shipyard's President & CEO Tom Godfrey to Retire. New CEO Named
Colonna's Shipyard said Wednesday that its President & CEO, Tom Godfrey, would retire effective December 31, 2023. Randall Crutchfield has been named to replace Godfrey as the company’s Chief Executive Officer (CEO). Crutchfield is currently Executive Vice President & Chief Operating Officer (COO). Additionally, Jordan Webb, currently Executive Vice President of Shipyard Operations, will become President & General Manager.