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Tuesday, March 19, 2024
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Second Quarter News

15 Mar 2024

TotalEnergies Awards New Contracts to Siem PSV Pair in Brazil

Siem Atlans PSV (Credit: Siem Offshore)

Norwegian shipowner Siem Offshore has secured new contracts with TotalEnergies for two of its platform supply vessels (PSV) for work offshore Brazil.The contracts are for Siem Giant and Siem Atlas PSVs.The new duration for Siem Giant is three years firm with options up to four more years.For Siem Atlas, the new duration is nine months firm with options until the end of the second quarter in 2027.Both vessels will start the contracts in June 2024 in direct continuation of present contracts…

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

Vuyk Engineering Rotterdam: Three Years of Independence

Source: Vuyk Engineering

Three years ago in March, Vuyk Engineering Rotterdam gained full independence, and since then, the company has taken strategic steps to chart its own course and strengthen its independent position within the maritime sector.After the closure of the Vuyk shipyard in Capelle aan den IJssel in 1979, marking the end of all shipbuilding activities, former employees established a new company: Vuyk Engineering and Trading. Founded on the principles of technical know-how combined with experience in cost calculation…

15 Feb 2024

Vard to Build Cyan Renewables’ SOV for Taiwan’s Offshore Wind Farms

(Credit: Cyan Renewables)

Vard, a Norwegian subsidiary of the Fincantieri Group, has signed a contract for the design and construction of a hybrid power service operation vessel (SOV) for the Taiwanese company Cyan Renewables.The news comes after Siemens Gamesa awarded a 15-year charter contract to Cyan Renewables for the SOV that will enter service at Hai Long 2, part of the Hai Long Offshore Wind Project, consisting of Hai Long 2 and 3 offshore wind farms in Taiwan.Siemens Gamesa Selects Contractor for…

14 Feb 2024

GTT Scoops Order for 8 Very Large LNG Carrier Tank Designs

© aerial-drone / Adobe Stock

French engineering company GTT has received an order from a Chinese shipyard for the tank design of eight new very large liquefied natural gas (LNG) carriers.GTT will design the tanks for the eight LNG carriers, which will each offer five tanks with a total capacity of 271,000 m3.The tanks will be fitted with the NO96 Super+ membrane containment system developed by GTT.Delivery is scheduled between the second quarter of 2028 and the fourth quarter of 2029.No further details have been disclosed by the company at the time of the announcement.

01 Feb 2024

Longship Orders Two Newbuilds from GS Yard

(Image: Longship)

Longship Group entered a joint newbuilding project with Wagle Chartering AS for two "GS Eco-Freighter 3700" to be built by GS Yard BV in Waterhuizen, the Netherlands.The general cargo ships feature single open top box shaped holds of about 181,000 cbft intake. The vessels are equipped with two bulkheads that can be used as tweendecks. They are fitted for grain, timber, project cagos and are driven by a IMO Tier III compliant Mitsubishi S12R engine with an output of 749 kW.Wagle Chartering is assigned with the commercial operation…

01 Feb 2024

Coastal Virginia Offshore Wind Farm Gets Final Federal Blessing

© Fokke Baarssen / Adobe Stock

Dominion Energy, the developer of Coastal Virginia Offshore Wind (CVOW) farm, has secured the last two major federal approvals needed to begin the construction of the 2.6 GW project.The approvals are keeping the largest offshore wind farm in the United States on schedule to generate clean, renewable energy to power up to 660,000 homes once fully constructed.The Bureau of Ocean Energy Management (BOEM) provided its final approval of CVOW's Construction and Operations Plan (COP), which authorizes construction offshore.The U.S.

30 Jan 2024

Carnival Warns of Hit to 2024 Earnings After Rerouting of Red Sea Itineraries

© icholakov / Adobe Stock

Carnival said on Tuesday that its annual earnings would take a hit as the cruise operator reroutes its ships that were due to pass through the Red Sea, a key transit route linking Asia and Europe.A growing list of companies have rerouted vessels as the Houthis, a Yemeni militant group, steps up attacks on Israeli ships or ships heading towards Israel, in solidarity with the Palestinians.The rerouting by Carnival is expected to have an impact of 7 cents to 8 cents on its adjusted earnings per share for full-year 2024, with the majority of the impact coming in the second quarter.

25 Jan 2024

SEACOR to Convert Four PSVs to Battery Hybrid Power

SEACOR Atlas (Photo: SEACOR Marine)

SEACOR Marine announced it will convert four of its platform supply vessels (PSV) to battery hybrid power in a move to enhance efficiency and slash emissions.The Houston-headquartered marine transportation firm said on Thursday it has ordered containerized energy storage systems (ESS) from Norway's Kongsberg Maritime for install aboard SEACOR Ohio, SEACOR Alps, SEACOR Andes and SEACOR Atlas.The four 278.4-foot-long PSVs are all of Kongsberg Maritime's UT771 CDL design and were built in China from 2018 to 2020.

23 Jan 2024

Solstad Offshore Hooks $70M in CSV Contracts with Petrobras

CSV Normand Fortress (Credit: Solstad Offshore)

Norwegian offshore vessel owner Solstad Offshore has secured $70 million in new contracts and extensions for two of its subsea construction vessels (CSV) that will be employed offshore Brazil.The new contract is for the CSV Normand Fortress with Brazilian state-run oil company Petrobras.The contract has a duration of two years firm with possibility of two years extension. The vessel will provide accommodation services to support production activities on Brazilian continental shelf.The contract is set to start in the second quarter of 2024…

22 Jan 2024

Argeo Searcher Set to Sail to Indian Ocean after Shell’s Nigeria Task

(Credit: Argeo)

Oslo-listed offshore service company Argeo has informed that its DP2 vessel Argeo Searcher completed the deepwater inspection services at Shell’s Bonga field, and is scheduled to set sail to Indian Ocean for a job with India’s National Centre for Polar and Ocean Research (NCPOR).In a vessel schedule update, released on January 22, 2024, Argeo confirmed its current backlog includes close to $53 million (NOK 550 million), with a further sales and revenue potential of additional $19 million (NOK 200) million for Argeo Searcher vessel in the second half of 2024.According to the company…

18 Jan 2024

GTT Gets Tank Design Order for Three VLECs

© ID_Anuphon / Adobe Stock

French engineering company GTT has received two orders for the tank design of three new Very Large Ethane Carrier (VLEC) newbuilds.The order is from HD Hyundai Heavy Industries on behalf of an Asian shipowner, GTT informed.The French company will design the tanks for these three vessels, which will each offer a total capacity of 98,000 m3.The tanks will be fitted with the Mark III membrane containment system developed by GTT. The new order brings to 25 the number of VLECs (ordered…

18 Jan 2024

Brunvoll to Deliver Propulsion System for Toyo’s Hybrid Cable Layer

(Credit: Vard)

Brunvoll has signed a contract with Vard for the delivery of propulsion and maneuvering system for Toyo Construction’s new cable laying vessel.Toyo Construction’s new vessel will have three azimuth propulsion thrusters in the aft of the vessel. The foreship of the vessel will have two tunnel thrusters and a retractable azimuth thruster.Furthermore, the vessel will feature Brunvoll’s control system for propulsion and maneuvering, BruCon PTC.In December 2023, Vard, a Norwegian subsidiary of the Fincantieri Group…

05 Jan 2024

Samsung Heavy Industries Gets $1.5B FLNG Order

(Credit: Cedar LNG)

Samsung Heavy Industries (SHI) has secured an engineering, procurement and construction (EPC) contract for a new floating LNG production unit worth $1.5 billion.SHI formed a consortium with Black & Veatch for the delivery of the new FLNG unit, subject to final investment decision for the project (FID) being developed by the 'North American client'.Undisclosed by SHI, the client is most likely Haisla Nation and Pembina Pipeline Corporation (Pembina), a partner in the development of the proposed Cedar LNG project…

28 Dec 2023

Great Lakes Bags $173.7 Million in New Dredging Contracts

File photo: Great Lakes' hopper dredge Padre Island in Galveston Channel in August 2023. (Credit: Luke Waack / U.S. Army Corps of Engineers)

Great Lakes Dredge & Dock Corporation on Thursday announced the receipt of five dredging contracts totaling $173.7 million. The projects are in Texas, New Jersey, Florida and Louisiana.The Sabine-Neches Waterway Channel Improvement Project-Phase 1 (Capital, Texas, $62.8 million) includes dredging for channel deepening along the Sabine-Neches Waterway from Sabine Bank Channel to Sabine Pass Channel. The construction of the Sabine-Neches Waterway will generate widespread economic benefits for Southeast Texas…

25 Dec 2023

Foreign Shareholders Suspend Participation in Russia's Arctic LNG 2 Project

© Arctic LNG 2 Illustration - Credit: Saipem

Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian liquefied natural gas (LNG) plant, the daily Kommersant reported on Monday.The project, seen as a key element in Russia's drive to boost its LNG global market share to 20% by 2030 from 8%, was already facing difficulties due to U.S. sanctions over the conflict in Ukraine and a lack of gas carriers.China's state oil majors CNOOC  and China National Petroleum Corp (CNPC) each have a 10% stake in the project…

22 Dec 2023

Lack of Arctic Tankers Puts Russia's LNG Development Dreams on Ice

© KKF / Adobe Stock

Russia is hoping its shipments of liquefied natural gas (LNG) will offset a sharp fall in pipeline gas exports to Europe, but a shortage of gas tankers and sanctions hold back its plans, analysts and industry sources said.Russia wants to boost its share of the LNG market to 20% by 2030 from 8% now, but a force majeure declaration by top producer Novatek over LNG supplies from its future Arctic LNG 2 project due to sanctions shows the hurdles it faces.Novatek's announcement comes after the United States last month imposed sanctions on Arctic LNG 2…

12 Dec 2023

X-Press Feeders to Use Green Methanol in Q2 2024

(Photo: X-Press Feeders)

Singapore-based container shipper X-Press Feeders plans to use green methanol bunker to fuel part of its fleet in Europe in the second quarter of 2024, a senior executive said on Tuesday.The move comes as the European Union will extend its Emissions Trading System (ETS) next year to cover carbon dioxide emissions for all ships of 5,000 gross tonnage and above entering EU ports.Shippers can buy carbon credits to offset emissions or burn lower-carbon fuels such as methanol and biofuels, although supply of these fuels is limited.

06 Dec 2023

GTT Designing Tanks for Purus VLECs

Source: Purus

GTT has received an order from HD Hyundai Heavy Industries for the tank design of two new very large ethane carriers (VLEs), on behalf of shipowner Purus.GTT will design the tanks of these two vessels, which will each offer a capacity of 98,000m3. The tanks will be fitted with the Mark III membrane containment system developed by GTT.Delivery is scheduled between the fourth quarter of 2026 and the second quarter of 2027.The vessels will feature dual-fuel ethane engines and optimized cargo handling systems, enabling lower CO2 and SOx emissions.

22 Nov 2023

VIKING Launches Innovative Space-saving Lifeboats

Credit: VIKING Life-Saving Equipment

VIKING Life-Saving Equipment, said Wednesday it was launching an innovative range of lifeboats and davits which set new standards for compact and lightweight lifeboat-based evacuation solutions. "By challenging traditional lifeboat design, the 40- and 52-person VIKING Norsafe Totally Enclosed Lifeboats (TELB) respond to a rising tide of industry demand for space- and weight-saving boats for typical crew capacities," VIKING Life-Saving Equipment said."Major shipbuilding clients…

15 Nov 2023

MacGregor to Supply RoRo Equipment for Two PCTC Vessels to be Built in South Korea

Credit: MacGregor

MacGregor, part of Cargotec, said Wednesday it had received a significant order to supply comprehensive packages of RoRo equipment for two PCTC vessels to be built by Hyundai Mipo Dockyard Co. Ltd in South Korea.The vessels are scheduled to be delivered to the owner between the second quarter of 2026 and the third quarter of 2026. MacGregor’s scope of supply encompasses the design, supply, and installation support of complete hardware for both vessels, including a quarter ramp…

09 Nov 2023

Cummins Working with Ocean Infinity on Methanol Retrofit Project

(File photo: Ocean Infinity)

Cummins is working with partners in the U.K. to develop and deploy a methanol conversion kit for an engine aboard an Ocean Infinity offshore support vessel (OSV) as the maritime industry works toward transitioning to cleaner fuels.The engine manufacturer announced its proposal to jointly develop a Methanol Kit for its QSK60 engine was selected to receive funding as part of the Zero Emission Vessels and Infrastructure (ZEVI) competition, funded by the U.K. government and delivered…

08 Nov 2023

Wind-assisted Propulsion for World's Largest Ore Carrier

Vale is to install five Rotor Sails from Anemoi onboard the VLOC Sohar Max to bring significant fuel and emission savings. The Rotor Sails will be installed with Anemoi's bespoke folding deployment system to mitigate the impact on air draught and cargo handling operations. Credit: Anemoi Marine Technologies

Brazilian mining firm Vale will install five Rotor Sails from Anemoi Marine Technologies Ltd (“Anemoi”), a supplier of wind-assisted propulsion technology for commercial vessels, onboard a 400,000 dwt Valemax, the world’s largest ore carrier. The vessel is owned by Omani shipowner, Asyad.Five 35-meter-tall, 5-meter-diameter cylindrical sails will be installed on the Sohar Max VLOC. The Rotor Sails will be installed on Anemoi’s folding deployment system, whereby the sails can be folded from vertical to mitigate impact on air draft and cargo handling operations.

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