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Industries News

18 Mar 2024

OMSA Announces New Board Members

(File photo: Bordelon Marine)

Industry trade group the Offshore Marine Service Association (OMSA) announced the addition of four CEOs to its board of directors.The new board members include Wes Bordelon, Chief Executive Officer, Bordelon Marine; Stacy Jo Stanley, Chief Executive Officer, Offshore Oil Services, Inc.; David Dantin, Chief Executive Officer, Odyssea Marine; and Lasse Petterson, Chief Executive Officer, Great Lakes Dredge and Dock."With the addition of these four executive leaders, OMSA pays homage to its roots while welcoming expanded opportunities in emerging energy frontiers…

14 Mar 2024

NIB to Co-Finance Norled’s Vessels and Infrastructure in Norway

Source: Norled

Nordic Investment Bank (NIB) has signed a seven-year loan to co-finance ferry operator Norled AS’ investments in zero and low carbon vessels and related land-based infrastructure in Norway during 2024-2030.The InvestEU program supports the loan under NIBs Framework Operation Green Mobility and Transport approved by the Investment Committee.This NOK 500 million (EUR 43.4 million) loan will help Norled finance the extension of its low-carbon fleet. This is NIB’s first InvestEU loan in Norway.Norway is electrifying its transport network at a rapid pace…

14 Mar 2024

NYK and Astomos Energy Christen New Jointly-Owned Dual-Fuel LPG Carrier

Gas Garnet vessel (Credit: NYK)

As their first jointly owned liquefied petroleum gas (LPG) carrier in 21 years, NYK and Astomos Energy have named the new vessel Gas Garnet.The companies held a naming ceremony at the Sakaide Works of Kawasaki Heavy Industries on March 1, 2024.The 86,953 m3 capacity vessel was christened Gas Garnet by Yoshihito Takahashi, senior executive officer of Astomos Energy. This is the first jointly owned LPG vessel by the companies after they shared ownership of Gas Capricorn from 2003.The vessel has a breadth of 37.2 meters…

13 Mar 2024

SCHOTTEL Names Roland Schwandt Deputy CEO

Roland Schwandt (Photo: SCHOTTEL)

SCHOTTEL GmbH announced it has appointed Roland Schwandt as Deputy CEO with effect from January 1, 2024.Schwandt joined SCHOTTEL in 2000 as a graduate naval architect, starting his career as a project and sales manager  in various SCHOTTEL sales segments. After briefly managing the Tug & Offshore Energy segment, in 2018 he was entrusted with the responsibility for the global sales activities of SCHOTTEL GmbH and its now 14 subsidiaries as Vice President Sales.Alongside his role at SCHOTTEL…

12 Mar 2024

Updated Framework Released for Comparing Decarbonization Technologies

© Mariusz / Adobe Stock

The Maritime Technologies Forum (MTF) has released an updated Framework for Assessing Decarbonization Technologies and Alternative Energy Carriers and a comprehensive assessment on the maturity and readiness of alternative fuel options, expanding the number of evaluated fuels covered since the previous heatmap report issued in November 2022.The assessment applied MTF’s recently updated framework to an expanded set of eight fuels, including fossil LNG, fossil MGO combined with carbon capture and storage (CCS)…

10 Mar 2024

Esgian Week 10 Report: Additional Backlog Secured

© freddytb Foto / Adobe Stock

Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte d’Ivoire, and China in its Week 10 Rig Analytics Market Roundup.ContractsDiamond Offshore has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the 12,000-ft drillship Ocean BlackHornet.Shelf Drilling’s 250-ft jackup Rig 141 has secured a two-year…

05 Mar 2024

Singapore Highlights its Maritime Achievements for 2023

© anekoho / Adobe Stock

The Singapore government has recounted the achievements of Maritime Singapore to date to highlight the nation’s successes as a maritime hub in 2023:Total business spending by key maritime companies overseen by MPA exceeded S$4.8 billion, up from S$4.3 billion in 2022. Twenty-five maritime companies established or expanded their operations in Singapore last year. These included maritime services companies and companies setting up sustainability desks in Singapore as part of their…

04 Mar 2024

Iridium Acquires Satelles

Image courtesy Iridium

Iridium Communications has entered into an agreement to acquire Satelles, Inc., a leader in secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems. The service, named Satellite Time and Location (STL), is designed as an easy-to-adopt, secure solution that increases the efficiency and reliability of timing systems for digital infrastructure like 5G base stations, data centers, and other critical infrastructure and protects…

03 Mar 2024

Esgian Week 9 Report: Dolphin, Diamond and Seadrill Updates

© AndSus / Adobe Stock

Esgian reports rig-related updates from Dolphin Drilling, Diamond Offshore, and Seadrill in its Week 9 Rig Analytics Market Roundup.Report Outline:ContractsDespite Tullow Oil’s recent announcement that it would take a break from drilling offshore Ghana, Noble Corp. has stated that there has been no contract termination announcement and that its 12,000-ft drillship Noble Venturer is currently still contracted to Tullow into March 2025.Masirah Oil Ltd has signed a rig contract with…

01 Mar 2024

Havila Voyages Announces Leadership Appointments

(Photo: Havila Voyages)

Norway's Havila Voyages announced it has appointed Mette Øyen as its new chief marketing officer and Aleksander Røynesdal has started in the role of new chief financial officer.Røynesdal was hired in December but officially entered his new role March 1. He comes from the position of COO at Norgas Carriers and has extensive experience in the finance and capital markets within the shipping and maritime transport industry.Øyen is scheduled to start in her new role on September 1, 2024.

01 Mar 2024

Venezuela Oil Exports Rising, but Shipping Delays Persist

© Vladimir / Adobe Stock

Venezuela's oil exports slightly increased in February to some 670,000 barrels per day (bpd), but ongoing shipping delays worsened a bottleneck of tankers waiting to load, according to documents and vessel monitoring data.State-run oil firm PDVSA's customers have rushed to send tankers to Venezuela in recent months to pick up crude and fuel before the United States potentially reimposes oil sanctions.Restrictions could resume on April 18 when an existing license expires, the U.S.

01 Mar 2024

US Offshore Wind: Down but Not Out

© Eric Dale Creative / Adobe Stock

“The winds of change are blowing wild and free.” – Bob DylanIn the U.S. offshore wind industry, developments over recent months have placed an exclamation point on the word “wild”. Yes, the wind still blows “free”, but mounting challenges have proven that harnessing its power offshore is anything but. In fact, far from it, as rising materials costs, high interest rates, labor shortages and supply chain delays, among other issues, have delivered heavy blows to the commercial viability of several projects.

28 Feb 2024

Swedbank Adopts Poseidon Principles

Source: Swedbank

Swedbank has signed the Poseidon Principles, a global framework for integrating climate considerations into lending decisions within ship financeThe Poseidon Principles provide a standardised methodology for data collection and reporting of emissions from banks’ shipping portfolios, with the overall ambition of supporting and facilitating the decarbonization of the shipping industry.The Poseidon Principles are consistent with the policies and ambitions of the IMO, including its…

28 Feb 2024

DHT Orders Four VLCCs

© Antony / Adobe Stock

DHT Holdings announced it has entered into agreements to build four very large crude carriers (VLCC) in South Korea for delivery between April and December 2026.Two of the large tankers will be constructed at Hyundai Samho Heavy Industries and the other two at Hanwha Ocean (formerly known as Daewoo Shipbuilding & Marine Engineering), for an average price of $128.5 million. The contracts include options for an additional four vessels that can be delivered during the first half of 2027.The vessels have been ordered to Super Eco-designs and have carrying capacity of about 320,000 metric tons.

27 Feb 2024

Japan Continues to Lead Shipowner Rankings

© Carabay / Adobe Stock

VesselsValue has unveils this year’s top 10 shipowning nations, reviewing the total asset values for vessels by beneficial owner country. From Japan's resolute leadership in the top position with a USD 206.3 billion fleet to the emergence of Hong Kong at USD 44.7 billion, asset values and ownership strategies have changed considerably over the last 12 months, says Rebecca Galanopoulos-Jones, Senior Content Analyst, Veson Nautical.The data provided by VesselsValue and analysed by Veson is valid as of February 2024.

27 Feb 2024

Preparing for Change, ABS Enhances the Marine Vessels Rules Book

Copyright KengVit14/AdobeStock

As maritime faces transcendent changes in regards to decarbonization, digitalization and automation, innovators from inside and outside of the industry will be challenged to deliver new applications and technologies with increased speed and frequency. Sitting at the center of the innovation storm are classification societies, and earlier this year the American Bureau of Shipping (ABS) became the first classification society to incorporate goal-based standards throughout major rule sets, enhancing its ability to handle the increasing flow of novel concepts and new technologies.

27 Feb 2024

GTT Books Samsung Heavy Industries Order for 15 LNG Carriers Tank Designs

© vladsv / Adobe Stock

French engineering company GTT has received an order from Samsung Heavy Industries for tank designs of 15 new LNG carriers.GTT will design the tanks of these 15 vessels, which will each offer a capacity of 174,000 m3.The tanks will be fitted with the Mark III Flex membrane containment system developed by GTT.The delivery of the vessels is scheduled between the fourth quarter of 2026 and the fourth quarter of 2028.The South Korean shipyard placed an order on behalf of a leading LNG player, with no further details revealed.

26 Feb 2024

Pelagus 3D and Doosan Enerbility Forge Additive Manufacturing Alliance

Source: Pelagus 3D

Pelagus 3D, a joint venture company of thyssenkrupp and Wilhelmsen, and Doosan Enerbility signed a memorandum of understanding (MoU) to advance the adoption of on-demand additive manufacturing (AM) in Korea’s maritime and offshore industries.The MOU was signed by Kenlip Ong, Chief Executive Officer of Pelagus 3D, and Yongjin Song, Executive Vice President of Strategy & Innovation of Doosan Enerbility, in Singapore at Pelagus 3D’s headquarters.The collaboration brings together Pelagus 3D’s engineering expertise in AM and in-depth maritime knowledge…

26 Feb 2024

UK Chamber of Shipping names Hatcher Chief Executive

Rhett Hatcher (Photo: UK Chamber of Shipping)

The UK Chamber of Shipping announced the appointment of Rhett Hatcher as its next chief executive, replacing Sarah Treseder.Hatcher has recently retired from the Royal Navy. He brings with him a broad wealth of experience. His last role was as the UK National Hydrographer and Deputy Chief Executive at the UK Hydrographic Office. He gained a thorough understanding of Whitehall while in senior appointments at the Ministry of Defense, where he was responsible for global strategy…

26 Feb 2024

Ignazio Messina & C Adds Secondhand Containership to Its Fleet

(Photo: Ignazio Messina & C)

Ignazio Messina & C announced it has taken delivery of a secondhand 4,400 TEU containership, now renamed Jolly Clivia.Built in 2010 at the South Korea's Hyundai Samho Heavy Industries, the vessel measures 262 meters in length by 32 meters in width, and was previously owned by a German company.The ship will now set sail from Singapore toward Europe with scheduled calls at Mundra (India), Jebel Ali Dubai (United Arab Emirates), Karachi (Pakistan), and is expected to arrive in Genoa at the end of March.

26 Feb 2024

Roll Group Adds Two Ships

Image courtesy Roll Group

Roll Group will add two vessels from the global logistics company, KMC Line, commencing in the second half of 2025. The vessels will be renamed Bigroll KMC Beaumont and Bigroll KMC Busan, giving the heavy cargo carrier a larger fleet of 10 heavy transport project vessels. KMC Line, founded in 1989 and based in Korea, specializes in steel shipping, bulk carriers, heavy cargo shipping industries, and agency work. The company operates primarily in Asia, Australia, and the Americas.Roll Group…

22 Feb 2024

Virtual Marine: Simulator Training is the Real Deal

(Photo: Virtual Marine)

In the commercial maritime and offshore industries, where worker safety and competency are crucial, effective training practices are an absolute must. While hands-on, in-the-field learning will always be a vital component of any mariner’s training, marine simulation has become a welcome enhancement to the education process. And in some cases, it’s seen as a safer alternative to traditional survival craft and rescue boat training.A leader in this space is Virtual Marine, based in Newfoundland and Labrador.

21 Feb 2024

Aussie Pumps Releases New Bronze Pump

Source: Aussie Pumps

Australian Pump Industries (Aussie Pumps) has launched a 4-inch NiAl bronze self-priming pump with hydraulic drive.The new pump, called the B4XRA/B HYD34, produces 2,200 lpm and can operate at up to 42psi. It can also lift water through a vertical suction lift of 6m.Aussie Pumps Chief Engineer John Hales said: “The pumps self-prime. You can see from the big tank that’s designed into the body. When the product is properly primed it will have no trouble fulfilling its suction responsibilities in any installation.”“Most vessels today have hydraulic capabilities.

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