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Tuesday, March 19, 2024
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Business Development News

19 Mar 2024

Vestdavit Hits New Sales Record as Orders Increase 76% From Last Year

Vestdavit’s Telescopic davit, from the TDB series, undergoing inspection at Vestdavit Production in Poland (Credit. Vestdavit)

Norwegian davit supplier Vestdavit has notched up a new annual sales record for another consecutive year after seeing its order intake surge by 76% in 2023 on high demand from the offshore wind and oil and gas sectors, as well as increased sales in its core naval market.Vestdavit has expanded its market position in offshore wind after both gaining new customers and winning repeat orders with existing clients, including Esvagt and Rem Offshore, with orders in this sector accounting for more than $9.4 million (NOK 100 million)


17 Mar 2024

Launch Ceremony Held for A-O-S' New Jones Act CTV Gripper

(Photo: American Offshore Services)

An official launch ceremony was held to celebrate the commissioning of a new Jones Act compliant crew transfer vessel (CTV) built for American Offshore Services (A-O-S)—the company's first.Constructed by Blount Boats in Warren, R.I., the 100-foot-long aluminum catamaran is owned and operated by A-O-S, a joint venture formed in 2020 by leading European CTV operator Northern Offshore Services (N-O-S) and U.S.-based investment firm OIC.The vessel will support Ørsted and Eversource’s portfolio of offshore wind farms in the Northeast


07 Mar 2024

S&B Names Sipes CEO

Jeff Sipes (Photo: S&B)

Jeffrey G. Sipes has been named chief executive officer at engineering and construction firm S&B, parent company to naval architecture and marine engineering firm TAI Engineers.“S&B has a remarkable record of growth and success over the past sixty years, and we look forward to decades of further success. The markets we serve are changing, creating new opportunities for growth. Jeff is the leader who can successfully guide the company to capitalize on these opportunities. He brings extensive experience and a deep understanding of both S&B’s markets and the company’s distinctive capabilities


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


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.

26 Feb 2024

Serco Joins VARD's Team Vigilance for Canadian Navy Build

(Image: Vard Marine)

Serco has signed on a team assembled by Vard Marine Inc. to replace the Royal Canadian Navy’s (RCN) Kingston Class Maritime Coastal Defense Vessels (MCDV) under Pillar Two of Canada’s National Shipbuilding Strategy.Vard Marine, a Fincantieri company, launched VIGILANCE in 2023 to "provide the RCN with a state-of-the-art, capable, operationally flexible, and globally deployable multi-mission naval vessel" that is designed, built and equipped in Canada.Other Team Vigilance partner companies include Ontario Shipyards


21 Feb 2024

Demand for Maritime Shaft Generators Increasing

Controllable pitch propeller.
Source: MAN Energy Solutions

30 years ago shaft generators with PTI capability kept container ships sailing at top speed. That purpose gone, PTI/PTO is making a new comeback in more cargo shipping segments, this time for reducing emissions.Retrofitting a shaft generator is not an insignificant undertaking. Around 50 tons of equipment needs to be installed into the engineroom through a hole in the hull. A new section of shaft is usually required.That a few shipowners are undertaking such projects - Klaveness Combination Carriers on the Ballard


15 Feb 2024

Is Stern Tube Damage Declining?

Shaft removal during stern tube repair procedures courtesy of Marine and Industrial Transmissions.
Photo courtesy Marine and Industrial Transmissions

It might be easy to blame EALs, but the ongoing causes of stern tube damage are varied, and possibly declining.Environmentally Acceptable lubricants (EALs) gained market traction with the introduction of US VGP regulations in 2013. Since then, DNV has observed two major trends. The first, starting in 2013 was early life damage, either during sea trials or within the first five years of operation, where aft stern tube bearings typically failed under extreme load conditions. Then from around 2018


07 Feb 2024

Edda Wind Names Øverlie CFO

Hovland Øverlie (Photo: Edda Wind)

Norwegian offshore wind vessel owner Edda Wind announced it has appointed Hermann Hovland Øverlie as its new chief financial officer (CFO) following the resignation of Tom Johan Austrheim. Øverlie will join Edda Wind March 1, 2024.Øverlie is currently senior vice president of business development at Flex LNG and was previoulsy CFO at Amar Group. Øverlie has also extensive experience from financial/liquidity planning, risk management and financial analysis from Knutsen NYK Offshore Tankers and DnB. He holds a master’s degree in financial economics from BI Norwegian School of Management.

04 Feb 2024

Ingram Forms Material Handling and Supply Chain Subsidiary

© steheap / Adobe Stock

Nashville-based Ingram Barge Company announced it has formed a new material handling and supply chain solutions subsidiary, Ingram Infrastructure Group.The move, fueled by the company's acquisitions of Inland River Transport Holdings (SCF) and NexStar Solutions, is intended to enhance Ingram's end-to-end supply chain solutions capabilities.Ingram acquired integrated river transportation and logistics services provider SCF from SEACOR Holdings following the signing of a purchase agreement last October.Ingram currently operates across more than 4,500 miles of the U.S.

02 Feb 2024

New Fireboat Delivered in Naples, Florida

(Photo: Silver Ships)

North Collier Fire Control and Rescue District (NCFR) in Naples, Fla. has taken delivery of a newly built fireboat for fast fire and emergency response, including search and rescue.The 36-foot fireboat is an Ambar 1100 (AM 1100) multi-mission workboat from Silver Ships, based in Theodore, Ala. The vessel is custom-designed and -built for NCFR's daily operations along inland, intercoastal and gulf waters, said David Hunt, a the boatbuilder's business development team. “Finding effective


31 Jan 2024

Thordon Secures Mexican Navy Deal

(Photo: Thordon Bearings)

Thordon Bearings reports it has secured a second major Mexican Navy contract for the supply of its water-lubricated SXL wear rings for retrofit installation to the waterjet propulsion nozzles on 25 interceptor patrol vessels.The contract follows the success of extensive trials in which the SXL material replaced the use of other anti-corrosive coatings in waterjet impeller housings, resulting in increased resistance to cavitation induced corrosion.Rotary Parts, Thordon’s authorized distributor in Mexico, is supplying the housings for 25 Polaris and Polaris II fast patrol boats.

31 Jan 2024

Navigating Disruption: CMA Shipping 2024 Unveils Agenda and Speaker Lineup

Knut Orbeck-Nilssen, Chief Executive Officer, DNV (Photo: CMA Shipping)

C-Suite leaders of ABS, Panama Canal Authority, BIMCO, INTERCARGO, IACS, DNV, Stena Bulk, Hapag-Lloyd, IBIA, International Seaways and many more have been announced for the conference lineup at CMA Shipping 2024.With just six weeks to go, eager anticipation is growing for the 39th edition of CMA Shipping taking place in Stamford, Conn., from March 12-14, 2024.The conference agenda promises to highlight pertinent issues surrounding the future of shipping, and how the industry can navigate challenges such as the energy transition, crewing and education, safety and compliance.

30 Jan 2024

Seçkin Uz Named Managing Director at elkon

Seçkin Uz (Photo: SCHOTTEL)

In addition to his present and continuing role as managing director of SCHOTTEL Turkey, Seçkin Uz has been appointed managing director of SCHOTTEL’s sister company elkon.In his new position at elkon, Seçkin Uz will be dedicated to utilizing various synergies between propulsion specialist SCHOTTEL and electrical system integrator elkon. At the same time, he aims to strengthen elkon’s international growth and business development in the global maritime industry.Seçkin Uz succeeds Ertuğ YaƟar, who held this position for nine years.

24 Jan 2024

Infinium and Amogy Ink MOU on Green Ammonia and eFuels Solutions

(Photo: Amogy)

eFuels provider Infinium and Amogy, developer of carbon-free, energy-dense power solutions, have entered into a memorandum of understanding (MOU) to explore opportunities to integrate their technologies and develop commercial applications across the eFuels and green ammonia value chain. Infinium and Amogy are also exploring collaborations with both Mitsubishi Heavy Industries (MHI) Group and SK Innovation for deployment of the integrated solution.To accelerate the decarbonization of heavy industry sectors


17 Jan 2024

Menoyo Joins Great Lakes Towing Company in VP Role

Salvadore Menoyo (Photo: The Great Lakes Towing Company)

The Great Lakes Towing Company (GLT) has hired Salvadore Menoyo for its business development team.Sal has been named Vice President-Special Projects, reporting to Joe Starck, President of GLT. He will be based in Jacksonville, Fla. and use his extensive experience and expertise to identify, develop and manage new business opportunities on the East Coast, including the Gulf and Puerto Rico. In this new role, Menoyo will work with internal and external customers and build relationships with partners and other prospects to bring value and growth to the company.Menoyo


17 Jan 2024

Fratelli Cosulich Inks Charter Deal for LNG Bunkering Vessel

(Credit: Fratelli Cosulich)

Italian shipowner Fratelli Cosulich and PETCO Trading Labuan Company Limited (PTLCL), a trading arm of Malaysian energy company Petronas, have signed a two-year charter agreement for Paolina Cosulich LNG bunker barge.Operating under PTLCL, a global energy solutions provider in key bunker hubs with network in Southeast Asia, Japan, Middle East and South Africa, Paolina Cosulich will cater to the increasing demand for LNG as bunker fuel in the Straits.Fratelli Cosulich’s latest LNG bunger barge features a cargo capacity of 8


16 Jan 2024

Bahamas Defense Force Orders Four New Vessels from SAFE Boats

(Image: SAFE Boats International)

SAFE Boats International (SBI) reports it signed a contract with the Royal Bahamas Defense Force (RBDF), adding another four 41-foot Interceptors to its current fleet of existing SAFE Boat vessels.This latest contract, signed January 11, is the result of collaborating efforts over the past three years between RBDF and SBI, the Pacific Northwest boatbuilder said. This contract is a fully funded, direct purchase by the RBDF to supply four vessels, trailers and support vehicles.Signing the contract for the Bahamian government was the Honorable Wayne Munroe


16 Jan 2024

AST Secures Intellian OneWeb Certification

(Photo: Applied Satellite Technology Ltd)

Applied Satellite Technology Ltd (AST) has officially been awarded the Intellian OneWeb Certification, authorizing the company to carry out installations of Intellian parabolic antennas.The certification, issued by Intellian, a provider of satellite communication and antenna systems, makes AST authorized to install and maintain Intellian's parabolic antennas. In addition, AST will offer certified training for Intellian OneWeb solutions, covering all modules including installation


16 Jan 2024

BMA Technology Supplies Electrics for Two ‘Green’ Containerships

A2B-online’s new containerships (Photo supplied by BMA Technology)

BMA Technology has delivered a suite of electrical solutions for two new A2B-online’s multi-fuel container vessels, being built at Sedef Shipyard in Turkey.BMA Technology has provided a comprehensive suite of electrical solutions to power A2B-online's environmentally friendly container vessels, each with a capacity of 650 TEU.This includes components such as electric drives, motors, Li-ion batteries, low voltage switchboards and alarm monitoring and control system.These essential components are at the heart of A2B-online's two revolutionary container vessels


02 Jan 2024

Amogy Brings Ammonia Into the Mix

© Forance / Adobe Stock

Ammonia is one of several renewable fuels seen as an option to help the maritime industry decarbonize.One of the companies working to unlock the fuel’s potential is Brooklyn, N.Y. based Amogy, developer of an onboard system that feeds liquid ammonia through a cracking process to create hydrogen on demand for power generation via fuel cell—without carbon emissions.Having already demonstrated its technology on an aerial drone, tractor and semi-truck, Amogy is currently working to


28 Dec 2023

Workboat Power: Alternatives Join Diesel to Power Current—and Future—Vessels

Crowley’s new electric tug eWolf is being built by Master Boat Builders for scheduled delivery in 2024. (Image: Crowley)

Analysts and commentators are quick to point out that fossil fuels will power maritime equipment, and indeed dominate the fueling marketplace, well into the future. However, they will do so alongside new fuels, and new technologies, that will be introduced to the maritime sector in the coming years. In its September, 2023 report “Beyond the Horizon: View of the Emerging Energy Value Chains”, the American Bureau of Shipping (ABS) explains that, “During the recent 80th meeting of the Marine Environment Protection Committee (MEPC 80)


27 Dec 2023

Japanese Shipbuilders Go Forward with LCO2 Carriers for Large-Scale Transport

Conceptual image of the LCO2 carrier (Credit: Mitsubishi Heavy Industries)

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group and Nihon Shipyard, have signed a memorandum of understanding (MoU) with Mitsui & Co on the collaborative study for ocean-going liquified CO2 (LCO2) carriers for large-scale international transportation from 2028 onwards.With the plans for LCO2 carries the companies aim to accommodate the carbon dioxide capture and storage (CCS) business led by Japanese government.Utilizing the technologies and construction know-how of Mitsubishi Shipbuilding and Nihon Shipyard


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