Qatar's Bigger LNG Expansion to Squeeze US, Other Rivals
Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals, market experts say.Qatar, one of the world's top LNG exporters, plans an 85% expansion in LNG output from its North Field's current 77 million metric tons per year (mtpa) to 142 mtpa by 2030, from previously expected 126 mtpa.Some market experts said that the move will have an impact on global projects in the United States…
GOST Promotes Breaux
Marine security, tracking, monitoring and video surveillance systems company GOST (Global Ocean Security Technologies) announced the promotion of Scott Breaux to Global Sales and Marketing Director – Business Strategies Analyst.In his new role, Breaux will oversee GOST’s initiatives and strategies for both recreational and commercial maritime markets. His responsibilities will include identifying potential markets for expansion, ensuring supply chain viability and establishing new global partnerships.“I’ve known Scott for over a decade…
HX Appoints New CCO
HX (Hurtigruten Expeditions) has announced Alex Delamere-White’s official appointment as Chief Commercial Officer (CCO), following six months as acting interim CCO.Based out of the new HX HQ in London, Delamere-White will bring the global functions under one leadership model to further fuel HX’s long-term growth plans, including newly evolved roles for Nathaniel Sherborne and Jim Sayer. Sayer is appointed to SVP Global Marketing bringing together the global marketing functions under his leadership.
DEME wins Saudi Arabia Dredging Contract
A consortium of Saudi Archirodon and DEME has been awarded the second phase of transformation work for the Port of NEOM, the primary seaport of entry to northwest Saudi Arabia.Based in Oxagon, Port of NEOM is located along the coast of the Red Sea and is adjacent to the nearby Suez Canal, through which 13% of global trade passes. The port will be a critical enabler to the overall build, operations and economic ambitions of NEOM, facilitating the import of goods and materials during the development phase and as a new global port serving the region.The project will commence in December 2023.
Svitzer Promotes Hellstrom to Chief Commercial Officer
A.P. Moller-Maersk's towage arm Svitzer announced it has appointed Mattias Hellstrom as its new global chief commercial officer (CCO), effective from October 1.Hellstrom makes the move to Svitzer’s global business after three years as CCO of Svitzer Europe, and replaces outgoing Global CCO Videlina Georgieva, who was recently appointed managing director of Svitzer Australia.Prior to his role as CCO of Svitzer Europe, Hellstrom was managing director of Svitzer Scandinavia for nearly seven years. He has also held management roles at Mediterranean Shipping Company (MSC) and A.P. Moller – Maersk.
Shanghai Plans 5G Roll-Out for Marine Economy
Shanghai’s local government plans to provide oceanic coverage of 5G networks by 2024.China Daily reports that Shanghai will build an integrated network connecting all land, sea, air and space internet infrastructure platforms. The development of navigation, wind power and offshore engineering will be coordinated so that they are connected.5G technology will be used for marine supervision, science and technology, marine economy and intelligent shipping.Qualcomm describes 5G as…
Viasat Buys Inmarsat, Creating Global Satellite Communications Powerhouse
U.S.-based global communications company Viasat has completed the acquisition of its UK-based rival Inmarsat."The combined company enhances our scale and scope to continue to drive growth in the increasingly dynamic and competitive satellite communications industry. The company’s assets, once fully integrated, are expected to increase the pace and scope of innovation in the global satellite connectivity sector, offering new and improved capabilities to customers that will address the ever-increasing speed…
ZeroNorth and Vitol Team Up on Emissions Reporting
Technology company ZeroNorth has signed a long-term strategic partnership with energy and commodity company Vitol.The deal will see Vitol gain full access to the ZeroNorth platform, and ZeroNorth customers will in turn gain access to Vitol’s carbon reduction solutions and bunkering services through subsidiary Vitol Bunkers.Vitol will use the ZeroNorth platform to optimise operations in a number of key business areas, including voyage, vessel, bunker and emissions optimisation…
Solstad Offshore to Exit Platform Supply Vessel Business. Agrees to Sell 37 Vessels to Tidewater
Norwegian offshore support vessel owner Solstad Offshore has agreed to sell 37 platform supply vessels to the U.S. firm Tidewater for $577 million.The sale will mark Solstad Offshore's exit from the platform supply vessel sector. Ongoing PSV charter parties will be transferred to Tidewater. Solstad will offer management services to Tidewater in a transition period to facilitate a smooth transfer for the parties and the customers.The offshore employees associated with the PSV Fleet will be offered employment with Tidewater.
Svitzer Appoints New Global Head of Green Ports
A.P. Moller-Maersk's towage arm Svitzer announced Svitzer Australia Chief Commercial Officer Ivan Spanjic has been appointed as Global Head of Green Ports.Svitzer CEO Kasper Nilaus believes Spanjic’s role will be central to helping Svitzer’s customers better adjust their assets and operations to become more sustainable. “Ports and partners across the marine supply chain have long recognized the importance of growing sustainably and responsibly, contributing positively to the communities in which they operate,” Nilaus said.
Mercury Marine Opens New Global Distribution Center in Indiana
Mercury Marine opened its new, purpose-built distribution center to support its parts and accessories business. The new 512,000 square foot facility is located near Indianapolis, Ind., a major thoroughfare connecting Mercury’s global customers that will improve delivery and service and will add much needed capacity for scale, stability, and reduced logistics costs, the company said.Mercury’s current distribution facility at its global headquarters in Fond du Lac, Wis., will be repurposed to support its propulsion systems…
Chesters Joins Van Ameyde Marine
Van Ameyde Marine, the Netherlands-headquartered marine surveying, consultancy and loss prevention group, has appointed Rob Chesters as its new global business development manager.Based in the UK, Chesters has a remit to work with teams across group to develop a global strategy and service offering, with the aim of expanding the company’s international reach geographically and by market sector.Chesters, who has more than 20 years’ business development experience in the maritime services sector…
ABS Report Examines Hydrogen and Carbon Value Chains
The potential for carbon markets and pricing to reshape global shipping, as well as the impact of the emerging hydrogen and carbon value chains, are explored in-depth in the latest support for the industry’s decarbonization ambitions from ABS.The groundbreaking analysis is at the heart of the fourth edition of the ABS Setting the Course to Low Carbon Shipping series, as well as insights on the industry’s progress to low- and zero-carbon operations.“We are in the early innings…
North P&I and Standard Club Plan to Merge
North P&I and Standard Club revealed they have entered formal discussions for a proposed merger to create a new global marine insurer and one of the largest providers of mutual cover in the maritime industries. The combined mutual insurer would provide cover for vessels equivalent to 400 million GT.The formal announcement follows the approval of the proposal by both clubs' boards and notification to principal regulatory authorities of their intention to merge. A joint North and Standard Club working group has been appointed to evaluate how a combined entity would maximize value for members.
Marlink Signs with OneWeb
Low Earth orbit (LEO) satellite communications company OneWeb and smart network solutions provider Marlink have joined forces to bring OneWeb’s high-speed, low latency connectivity to the maritime, energy, enterprise and humanitarian sectors.Marlink operates a global VSAT network providing remote communications across the maritime, offshore and onshore energy, enterprise and humanitarian sectors. In partnership with OneWeb, Marlink will further enhance the capabilities of its hybrid network solutions and offer its customers truly differentiated…
Shipbuilding Merger: Wight Shipyard and OCEA Reach All-share Deal
British aluminum shipbuilder The Wight Shipyard Co. on Tuesday announced an all-share merger with France-based shipbuilder OCEA to create a combined group aiming to capitalize on the fast ferry and offshore renewable energy markets opportunities. The deal is scheduled to complete by March 2022 and will see The Wight Shipyard Co. nearly double in size.Peter Morton, CEO of The Wight Shipyard Co., said, “This is a transformational deal for The Wight Shipyard Co. and for the Isle of Wight, confirming the resurgence of the shipbuilding industry in the United Kingdom.
Macheras Named WFW Global Maritime Sector Co-Head
Law firm Watson Farley & Williams (WFW) announce it has named partner George Macheras as its new global maritime sector co-head, replacing Lindsey Keeble as she takes up the role of WFW managing partner as of February 1. Paleokrassas, who takes on the role of WFW senior partner on the same date, will remain in his role as global maritime sector co-head.Macheras, who made partner in 2018, advises on all aspects of ship financing as well as on commercial matters relating to the sale, purchase, employment and operation of all maritime asset classes.
IMO to Establish Regional Office for the Pacific Islands
IMO's Technical Cooperation Committee at its 71st session (TC 71) (20-24 September) has approved the establishment of an IMO Regional Presence Office (RPO) for the Pacific Islands region. If approved at the thirty-fourth extraordinary session of the Council (08 - 12 November 2021), this will see the Pacific Region become the sixth to feature an IMO RPO.The existing RPOs are: Abidjan, Côte d'Ivoire for west and central Africa (Francophone); Accra, Ghana for west and central Africa (Anglophone)…
Mackay Marine Selected as Iridium GMDSS Global Service Provider Partner
Global marine electronics and satellite communications provider, Mackay Communications, Inc., dba Mackay Marine, announced it has joined the select cadre of worldwide Iridium GMDSS Service Providers for Iridium’s new Global Maritime Distress and Safety System (GMDSS) service. Mackay is similarly a global partner with Lars Thrane A/S, the first, and currently the only manufacturer of an IMO-certified Iridium GMDSS terminal, the LT-3100S.Iridium’s implementation and accelerated…
Mercury Marine Announces New Global Leadership Team
Mercury Marine, the marine propulsion systems division of Brunswick Corporation, announced multiple job moves and promotions within its global leadership team, effective immediately.Will Sangster is promoted to President, Mercury EMEA. Sangster has been General Manager of ANZP since 2014 and added responsibility for the Asia region in 2019. Under his leadership, Mercury APAC has continued to grow revenue and market share. Sangster will relocate to Mercury’s European headquarters in Petit-Rechain…
OpEd: HEMEXPO Brings Impetus to Shipping’s Collaborative Agenda
HEMEXPO President, Helen Polychronopoulou, says Greek marine technology developers see collaboration between shipping industry stakeholders as the key to innovation and decarbonization.Helen Polychronopoulou has dedicated her career to the successful growth and development of the marine equipment manufacturing industry in Greece and today leads HEMEXPO – Hellenic Marine Equipment Manufacturers and Exporters.Established in 2014, HEMEXPO has developed a pivotal role in representing Greek marine technology specialists by reinforcing links worldwide with ship owners and operators…
Offshore Wind Installation Giant in the Making: Subsea 7 to Merge Renewables Business with OHT
Subsea energy services firm Subsea 7 said Thursday it had agreed to merge its renewables business with OHT, and Oslo-listed heavy lift and transportation vessel owner which is building a fleet of offshore wind installation vessels, too.The combined company will be renamed Seaway 7 ASA and will initially retain OHT’s listing on Oslo’s Euronext Growth market, with a view to a future listing on the main board of Oslo Børs. Subsea 7 will own 72% and OHT’s shareholders 28% of Seaway 7 ASA.
Jensen Joins Maersk Tankers
Susanne Jensen will join Maersk Tankers as new global head of partner sales and service.Jensen will join Maersk Tankers on August 16 and will lead the company’s sales efforts to increase the number of vessels under commercial management and drive partner engagement with existing and new partners.“We are in the midst of transforming our commercial function to boost the focus on providing valuable commercial services for shipowners,” said Eva Birgitte Bisgaard, Maersk Tankers chief commercial officer.