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19 Feb 2024

NYK and Stolt Tankers to Build Six Multi-Purpose Chemical Tankers

© EdVal / Adobe Stock

NYK Stolt Tankers, a joint venture between NYK and Dutch company Stolt Tankers, has signed a contract with Nantong Xiangyu Shipyard in China to build six parcel chemical tankers.The contract will strengthen NYK’s chemical tanker business, for which demand is expected to grow steadily, and deepen the partnership with Stolt Tankers, a leading player in the industry, the company said.Parel tankers are multi-purpose chemical tankers can carry various cargo, including chemical products


01 Feb 2024

NYK and Stolt Tankers Commemorate 30th Anniversary

From left, Yuji Nishijima, Executive Officer, NYK; Bjarke Nissen, Managing Director, Stolt Tankers; Masahito Hirano, Director, ENEOS Ocean Corporation (Source: NYK)

On January 17, the NYK Group and Stolt Tankers held a ceremony in Singapore to commemorate the 30th anniversary of the start of the companies’ parcel chemical tanker joint venture in Asia and the Pacific.A parcel tanker is a multipurpose chemical tanker capable of carrying many types of cargo, including chemical products, kinetic vegetable oil, etc.The ceremony was attended by Yuji Nishijima, executive officer of NYK; Bjarke Nissen, managing director of Stolt Tankers; and Masahito Hirano


17 Jan 2024

Maersk and Hapag-Lloyd Set Up Operational Cooperation

© STOCKSTUDIO / Adobe Stock
 

Shipping industry majors Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ‘Gemini Cooperation’, which will start in February 2025.The ambition is to deliver a flexible and interconnected ocean network with industry-leading reliability.The new cooperation between the companies will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million containers (TEU). Maersk will deploy 60% and Hapag-Lloyd 40%, the shipping giants said.As a part of the agreement


08 Jan 2024

Maersk Tankers Acquires Penfield Marine

(Photo: Maersk Tankers)

Maersk Tankers announced it has acquired U.S. pool operator Penfield Marine, creating a large-scale crude and product tanker company with around 240 vessels under its management.Maersk Tankers’ CEO, Tina Revsbech, said, “Penfield Marine has over the years built a solid position and presence in the industry and is a perfect match to Maersk Tankers. Our combined commercial and operational expertise will allow us to grow our presence as a commercial manager and extend our service


02 Jan 2024

Great Ships of 2023: Icon of the Seas

Icon of the Seas (Photo: Royal Caribbean Group)

“Turku is building the real big ships,” said Meyer Turku CEO Tim Meyer.Meyer is not exaggerating. The yard’s latest newbuild, Icon of the Seas—the first ship of Royal Caribbean’s Icon class—is 248,655 GT, making it the largest cruise ship ever constructed.In general, the cruise ships rolling out of the nearly 300-year-old Finnish shipyard have been steadily increasing in size since the Meyer Group took full ownership in 2015. “We are proud to say Turku has been a first-mover in building these big new classes for Royal Caribbean


28 Dec 2023

"Green" Loan Secured for Low-Emission Cruise Ship

Copyright UMB-O/AdobeStock

Fincantieri signed a "green" construction loan for a maximum amount of $461m with Intesa Sanpaolo (IMI Corporate & Investment Banking Division) and Cassa Depositi e Prestiti (CDP), the proceeds of which will be used to cover the financial needs linked to the construction of the Mein Schiff Relax, the first of two newly designed dual-fuel inTUItion class cruise ships (Liquid Natural Gas - LNG and Marine Gas Oil - MGO) that Fincantieri is building for TUI Cruises, a joint venture between the TUI AG and Royal Caribbean Cruises.

21 Dec 2023

Will 2024 be the Year of AHTS Recovery?

The new MS Island Victory Water Installation Vessel for Island Offshore with amazing 477 tonnes bollard pull.
Copyright Arild/AdobeStock

As 2023 is drawing to a close we would once again invite the readers of Offshore Engineer Magazine to gaze into our crystal ball to see what 2024 might have in store for the offshore support vessel industry. Before diving straight into our forward-looking sentiments however, it is important to address some of the main trends in the year that past as these lay the foundation for the year to come.Continuing the market development from the year before, 2023 very much advanced the ongoing recovery for offshore support vessels further.

17 Dec 2023

C-NLOPB Updates Hebron Field Volume Estimate

Source: Hebron Project

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has approved the Development Plan Amendment (DPA) for the Hebron Field.The Hebron oil field is located offshore Newfoundland and Labrador, Canada, in the Jeanne d'Arc Basin 340 kilometers southeast of St. John's. The field was first discovered in 1980, and is estimated to produce more than 700 million barrels of recoverable resources. The water depth at the Hebron field is 93 meters.The approval enables ExxonMobil and


05 Dec 2023

Seatrium Names Adrian Teng CFO

(File photo: Seatrium)

Singaporean shipbuilding group Seatrium announced it has appointed Adrian Teng as Chief Financial Officer (CFO), effective January 1, 2024.Teng brings over two decades of diverse international experience in strategy, finance, restructuring, operations and corporate management across developed and emerging markets. Prior to his current appointment, Teng was Group Chief Financial Officer and Chief Operating Officer of Clifford Capital Holdings, with responsibilities in finance, treasury


30 Nov 2023

FINLAND: ‘A Birthplace for Icebreakers’

Captain Pasi JĂ€rvelin on the bridge of Arctia icebreaker Polaris. JĂ€rvelin has more than 40 years’ experience in the maritime industry, including 36 years on icebreakers, and was part of the concept team that developed the vessel. (Photo: Eric Haun)

Finnish companies have designed about 80 percent of the world’s icebreakers, and about 60 percent of them have been built by Finnish shipyards.Finland is home to a strong and vibrant maritime cluster, with a mix of large, medium and small shipyards, as well as a deep pool of marine engineering expertise and a broad network of vessel equipment suppliers.As one of the world’s northernmost countries, Finland is also home to a fleet of icebreakers that keep imports and exports flowing through its harbors, even during the coldest winter months.

27 Nov 2023

World's Largest Cruise Ship: Meyer Turku Delivers Royal Caribbean's Icon of the Seas

Icon of the Seas. (Photo: Meyer Turku / Lavea Media)

Finnish shipbuilder Meyer Turku on Monday delivered the world's largest cruise ship, the 248,655 GT Icon of the Seas, to U.S.-based Royal Caribbean International.The 365-meter-long cruise ship has 20 decks (including 18 guest decks) and surpasses the previous world's largest, Royal Caribbean's Oasis-class Allure of the Seas. With 2,805 staterooms, Icon is able to carry 5,610 passengers at double occupancy, or up to 7,600 passengers if every cabin is maxed out—another cruise industry record.

17 Nov 2023

NYK Group, Stolt Tankers, and ENEOS Ocean Unveil Chemical Ship Pool Business

Credit: Stolt Tankers (File image)

The NYK Group, Stolt Tankers, and ENEOS Ocean launched a chemical ship pool business in the Asia-Pacific region in October.Shipowners and operators pool their vessels and undertake transportation services at the request of shippers. The pool business allows more flexible transportation services that utilize economies of scale, NYK said.The project started with 13 vessels, comprising two chemical tankers owned by ENEOS Ocean and 11 chemical tankers owned by a joint venture between


14 Nov 2023

Viking Expands Southeast Asia River Fleet

Source: Viking

Viking has announced the expansion of its river fleet in Southeast Asia with the new Viking Tonle.Designed for the Mekong River, the vessel will join its identical sister ship, the Viking Saigon, which debuted in 2022, and will sail between Kampong Cham, Cambodia, and Má»č Tho, Vietnam, as part of Viking's 15-day Magnificent Mekong itinerary.The ship is under construction and is currently scheduled to debut in October 2025. To meet strong demand for Mekong River voyages, Viking


13 Nov 2023

Odfjell Announces Deals to Add Six Newbuilds

(File photo: Hudong-Zhonghua Shipyard)

Norwegian shipping company Odfjell SE announced it is expanding its fleet with six newbuildings through a combination of long-term time charter and pool agreements with Japanese shipowners and shipyards.This increases the total to twelve 25,000 - 40,000 dwt stainless steel vessels to be delivered on long-term time charters and pool agreements between 2024 and 2027.The series of newbuildings will be built at multiple shipyards in Japan and are scheduled to be delivered from 1H2026 to 1H2027.

08 Nov 2023

Stolt Tankers, NYK and ENEOS Ocean launch New Tanker Pool

(Photo: Stolt Tankers)

Stolt Tankers, NYK and ENEOS Ocean have launched the Stolt NYK Asia Pacific Services (SNAPS) tanker pool.Lucas Vos, president of Stolt Tankers said, “By adding tonnage from Eneos Ocean’s top-tier platform, Stolt Tankers and NYK have demonstrated their ability to generate value in a highly competitive market. We expect these two ships to enhance our overall service offering across Asia by increasing logistical flexibility while continuing to provide best-in-class environmental


30 Oct 2023

RMC Launches and Christens Spirit of Tasmania IV

(Photo: Rauma Marine Constructions)

Rauma Marine Constructions celebrated the launch and christening of Spirit of Tasmania IV, the first of two identical car and passenger ferries the Finnish shipyard is building for Tasmania's TT-Line.Built to replace similarly Finnish-built sister ships, the new vessels are specially designed to operate on a challenging route across the Bass Strait between Geelong, Victoria, and Devonport, Tasmania.The Spirit of Tasmania IV was christened at the RMC shipyard. The vessel’s godmother


16 Oct 2023

Columbia Group Launches Female Cadet Mentoring Program

Claudia Paschkewitz, Columbia Group’s Managing Director of Sustainability, Diversity & Inclusion, with 2nd Officer Olena Kokorieva (Photo: Columbia Group)

Aiming to attract more women into the maritime sector, ship management and maritime services company Columbia Group has launched a mentoring program aimed at female cadets.“We need to change the culture in the industry surrounding women and make it more viable for them to have a career in maritime, so that we can attract and widen the pool of talent that we draw from,” said program leader Claudia Paschkewitz, Columbia Group’s Managing Director of Sustainability, Diversity & Inclusion.“We


12 Oct 2023

Inland Waterways: US Making Progress on Infrastructure

(Photo: Michel Sauret / USACE)

The United States’ vast network of navigable inland rivers is vital to the nation’s economy, serving as an aquatic superhighway for the efficient shipment of critical commodities like agricultural goods, energy products, building materials and industrial chemicals to destinations within the U.S. and to deepwater ports for export. The Waterways Council, Inc. (WCI), which advocates for a modern, efficient and well-maintained inland waterways, often describes the network as “the


21 Sep 2023

Longline Fishing Company Successfully Trials Whale Depredation Solution

F/V Ocean Azul crew members release catch from a protection cage on the interior operations deck (Photo: Pesquera Azul)

Norway/Uruguay-based Pesquera Azul’s has successfully trialed an innovative catch protection cage in whale-rich waters in the southern Indian Ocean. The company says it is a potential game-changer for the longline fishing industry as it grapples with the challenge of whale depredation.The steady increase in the whale population in sub-Antarctic fishing grounds is hampering the longline fishing industry, especially for fatty fish species. Whales have learned to snatch, for example


20 Sep 2023

Remote Operations: Challenges & Opportunities

Image courtesy Harvest Technology Group

Digitalization in the maritime industry continues to grow. Technology is constantly evolving, providing organizations with new ways to transform and manage their operations with adoption of technology creating first-mover advantage and future relevancy, and positivity impacting margins. The offshore services industry has been a major driver in the trend towards utilization of remote inspection and monitoring technology for Inspection, Repair, and Maintenance (IRM) of critical assets and infrastructure.

14 Sep 2023

Singapore Announces Maritime Scholarship Awards

Source: MPA

At an award ceremony in Singapore this week, 60 MaritimeONE Scholarships and seven Tripartite Maritime Scholarships (TMSS) were presented, sponsored by 34 partners from industry, foundations, and unions.The number surpassed last year’s award of 54 scholarships by 27 partners. More companies have come onboard to support MaritimeONE Scholarships in recent years, reflecting the focus on talent development by Maritime Singapore. To date, 584 MaritimeONE Scholarships, with a sponsorship value of $16 million have been awarded since the program started in 2007.Besides maritime-related courses


13 Sep 2023

New Company Will Combine Crowley and SEACOR Jones Act Tank Vessel Fleets

(Photo: Crowley)

U.S. maritime companies Crowley and SEACOR Holdings' Seabulk Tankers have created a new joint venture that combines their liquid energy and chemical transportation vessels, operations and related services into a new, independent U.S. Jones Act service provider.The new company, Fairwater Holdings, will serve the U.S. domestic market with vessels and marine transportation solutions across the petroleum and chemical trades, as well as related third-party ship management services. It will include 20 oceangoing, articulated tug-barges (ATB) and 11 tankers, many under long-term charter.

11 Sep 2023

Team Resolute Unveils Evolved Design for Fleet Solid Support Ships

Images courtesy of BMT

Team Resolute, a consortium of Navantia UK, BMT and Harland & Wolff, has unveiled its evolved design for a Fleet Solid Support (FSS) ship.The progress towards a mature design is a key part of the UK Ministry of Defence’s (MoD) £1.6 billion 'Manufacture Contract’ for three FSS ships that will provide the Royal Fleet Auxiliary with enhanced capability to support global operations for the Royal Navy. The design from BMT’s UK based engineers and naval architects represents a significant advancement in naval logistics capability


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