NYK and Stolt Tankers to Build Six Multi-Purpose Chemical Tankers
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 NYKâs 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 productsâŠ
NYK and Stolt Tankers Commemorate 30th Anniversary
On January 17, the NYK Group and Stolt Tankers held a ceremony in Singapore to commemorate the 30th anniversary of the start of the companiesâ 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 HiranoâŠ
Maersk and Hapag-Lloyd Set Up Operational Cooperation
Shipping industry majors Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called âGemini Cooperationâ, 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 agreementâŠ
Maersk Tankers Acquires Penfield Marine
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 Tankersâ CEO, Tina Revsbech, said, âPenfield 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 serviceâŠ
Great Ships of 2023: Icon of the Seas
âTurku is building the real big ships,â said Meyer Turku CEO Tim Meyer.Meyer is not exaggerating. The yardâs latest newbuild, Icon of the Seasâthe first ship of Royal Caribbeanâs Icon classâis 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. âWe are proud to say Turku has been a first-mover in building these big new classes for Royal CaribbeanâŠ
"Green" Loan Secured for Low-Emission Cruise Ship
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.
Will 2024 be the Year of AHTS Recovery?
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.
C-NLOPB Updates Hebron Field Volume Estimate
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 andâŠ
Seatrium Names Adrian Teng CFO
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, treasuryâŠ
FINLAND: âA Birthplace for Icebreakersâ
Finnish companies have designed about 80 percent of the worldâs 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 worldâs 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.
World's Largest Cruise Ship: Meyer Turku Delivers Royal Caribbean's Icon of the Seas
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 outâanother cruise industry record.
NYK Group, Stolt Tankers, and ENEOS Ocean Unveil Chemical Ship Pool Business
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 betweenâŠ
Viking Expands Southeast Asia River Fleet
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, VikingâŠ
Odfjell Announces Deals to Add Six Newbuilds
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.
Stolt Tankers, NYK and ENEOS Ocean launch New Tanker Pool
Stolt Tankers, NYK and ENEOS Ocean have launched the Stolt NYK Asia Pacific Services (SNAPS) tanker pool.Lucas Vos, president of Stolt Tankers said, âBy adding tonnage from Eneos Oceanâs 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 environmentalâŠ
RMC Launches and Christens Spirit of Tasmania IV
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 vesselâs godmotherâŠ
Columbia Group Launches Female Cadet Mentoring Program
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.âWe 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,â said program leader Claudia Paschkewitz, Columbia Groupâs Managing Director of Sustainability, Diversity & Inclusion.âWeâŠ
Inland Waterways: US Making Progress on Infrastructure
The United Statesâ vast network of navigable inland rivers is vital to the nationâs 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 âtheâŠ
Longline Fishing Company Successfully Trials Whale Depredation Solution
Norway/Uruguay-based Pesquera Azulâs 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 exampleâŠ
Remote Operations: Challenges & Opportunities
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.
Singapore Announces Maritime Scholarship Awards
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 yearâs 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 coursesâŠ
New Company Will Combine Crowley and SEACOR Jones Act Tank Vessel Fleets
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.
Team Resolute Unveils Evolved Design for Fleet Solid Support Ships
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 Defenceâs (MoD) £1.6 billion 'Manufacture Contractâ 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 BMTâs UK based engineers and naval architects represents a significant advancement in naval logistics capabilityâŠ