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Monday, March 18, 2024
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Three Years 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


14 Mar 2024

Taiwan and China Launch Rescue Operation After Boat Capsizes Near Sensitive Islands

© alexhitrov / Adobe Stock

Taiwan dispatched coast guard boats on Thursday to join a rescue mission at China's request after a fishing vessel capsized near the Taiwan-controlled Kinmen islands, amid heightened tension in the sensitive Taiwan Strait.China claims democratically-governed Taiwan as its own territory, over the island's strong objections, and has stepped up military activities near it in recent years, with almost daily incursions into air defence identification zones.Authorities on both sides sent the rescue boats after a Chinese fishing vessel capsized in the early hours, Taiwan's coast guard said in a state

11 Mar 2024

Sanmar Launches First Emissions-Free ElectRA Tug for Its Own Fleet

DINAMO 2023 tug (Credit: Sanmar Shipyards)

Turkish shipbuilder Sanmar has launched electric battery-powered ElectRA tug for its own fleet, which will provide towage, ship assistance and escorting services at six ports around Turkiye.ElectRA will be the seventh electric battery tug delivered from Sanmar Shipyards within a year, five of which are already operating in Vancouver in Canada, while the sixth is currently being delivered to Norway.Based on the ElectRA 2300SX design from Canadian naval architects Robert Allan Ltd


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


28 Feb 2024

Anglo American Takes Delivery of Final LNG Dual-fuel Bulk Carrier

Ubuntu Liberty (Photo: Anglo American)

Anglo American has taken delivery of its 10th and final dual-fueled bulk carrier powered by liquefied natural gas (LNG), the company said on Wednesday.The capesize-plus LNG dual-fueled bulk carriers have been built and delivered over the last three years from Shanghai Waigaoqiao Shipbuilding Co.

28 Feb 2024

NAPA Studio aims to help Blaze Maritime's Digital Path

NAPA introduced NAPA Studios, an initiative designed to foster cross-industry partnerships to deliver new data-driven solutions and insights on some of the most imminent ship design, safety and operational challenges faced by the maritime industry.NAPA Studios will harness NAPA's own digital tools and experience, while working directly with individual shipyards, shipowners, charterers, and other supply chain stakeholders in tailored projects. This offering will, for example, enable shipyards to make a greater use of ships’ operational data to improve future designs, while other projects will support shipowners and charterers in assessing


26 Feb 2024

Helsinghof to Take the Helm at Viking in June

Henrik Helsinghof will return to VIKING as CEO in June 2024. Image courtesy Viking Life-Saving Equipment

Viking Life-Saving Equipment A/S appointed Henrik Helsinghof as its new Chief Executive Officer, effective from June 1, 2024.The appointment follows the death of former CEO Henrik Uhd Christensen in January following a short illness. Helsinghof had previously been identified by Christensen and the VIKING Board of Directors as a possible successor.Helsinghof began his career in VIKING in 2006 as student assistant and remained with the company for 14 years, holding various positions, including Managing Director of VIKING Nadiro.

23 Feb 2024

Hanwha Ocean Secures $258M Order for Two VLCCs

(Credit: Hanwha Ocean)

South Korean shipbuilder Hanwha Ocean has received an order to construct two very large crude carriers (VLCCs) for a shipping company in Oceania.The order for VLCCs, worth $257.8 million (342 billion won), is the first such order for Hanwha Ocean in the last three years. This is also the highest price for the vessels in 16 years, since the 2008 global financial crisis, the company said.The ships will be built at the Geoje plant and delivered to the shipowner in the first and second half of 2026


12 Feb 2024

Foremost Group CEO Angela Chao Killed in Car Accident

Angela Chao (Photo: Foremost Group)

Angela Chao, chair and CEO of the Foremost Group, has died in a car accident, the New York-headquartered dry bulk shipping company announced on Monday.Angela Chao was an experienced and well-respected shipping executive, having worked her way up through several leadership positions at the company founder by her father, Dr. James S.C. Chao, with her mother, the late Ruth Mulan Chu Chao, in 1964.Before joining Foremost Group in 1996, Angela Chao worked in the mergers and acquisitions department of Smith Barney


30 Jan 2024

NYK Starts Construction of Biofuels Test Facility for Maritime Use

Groundbreaking ceremony for NYK's biofuels test facility (Credit: NYK Group)

Japanese shipping major NYK Group has marked the start of construction of a test facility that will serve to assess the safety of biofuels and accelerate their practical application as marine fuels.NYK plans to complete the installation of the test engine in June and analyze the biofuel in combustion tests over the next three years.The test engine will be a reused generator from the tugboat Sakigake, which is currently being converted to an ammonia-fueled tug, according to NYK.NYK companies Boltech.

30 Jan 2024

Wallenius Wilhelmsen Bags $1.2B in New Deals

(Credit: Wallenius Wilhelmsen)

Wallenius Wilhelmsen has signed significant contracts whose combined worth amounts to $1.2 billion for the world’s largest RoRo vessel operator.The contracts have been signed with a leading global construction and mining equipment manufacturer, and with one of the largest automotive distributors in the Americas.The first multi-year shipping contract with equipment manufacturer has a duration of three years, plus a two-year extension option.It is valued at approximately $1 billion in total


26 Jan 2024

BOEM and NOAA Release North Atlantic Right Whale and Offshore Wind Strategy

© Tony / Adobe Stock

The US Bureau of Ocean Energy Management (BOEM) and the National Oceanic and Atmospheric Administration (NOAA) Fisheries have released a final joint strategy to protect and promote the recovery of endangered North Atlantic right whales while responsibly developing offshore wind energy.The strategy builds on existing mitigation measures to protect North Atlantic right whales from the potential impacts of offshore wind development and was developed to support the Biden-Harris administration's goal of deploying 30GW of offshore wind by 2030.North Atlantic right whales are approaching extinction.

24 Jan 2024

Tidal Transit Starts Works on ‘World’s First’ Retrofit E-CTV

Rendering of e-Ginny CTV (Credit: Tidal Transit)

Tidal Transit, a supplier of purpose-design crew transfer vessels for the offshore wind industry, has begun the design and engineering phase of a project to deliver what is said to be the world’s first retrofit electric crew transfer vessel (E-CTV).Over the next 15 months, Tidal Transit will retrofit a diesel-powered Mercurio 20-meter vessel, Ginny Louise, with over two megawatt-hours (MWh) of battery capacity, electric motors and propulsion pods.The finished product, e-Ginny


22 Jan 2024

Wallenius Wilhelmsen Signs Korean Customer and Acquires Two RoRo Ships

(Credit: Wallenius Wilhelmsen)

Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has signed a multi-year shipping contract with South Korea’s construction machinery company and taken delivery of two vessels.Through its 80% owned subsidiary EUKOR, Wallenius Wilhelmsen welcomed the 2009-built, 6,600 CEU Morning Camilla vessel following the declaration of a purchase option under the long-term charter-in agreement.The purchase price is $30 million, well below the assessed charter-free valuation of around $70 million


19 Jan 2024

US Plugs in First Large Offshore Wind Farm as Developers Play Catch-up

(A GE Haliade-X turbine stands in the Vineyard Wind 1 project area south of Martha’s Vineyard. (Photo: Worldview Films, courtesy Vineyard Offshore)

The U.S. offshore wind industry reached an important milestone on January 2 when Vineyard Wind 1, the country’s first large scale project, supplied first power to the Massachusetts grid.“As the nation’s first utility-scale offshore wind farm this is a fairly momentous event,” Ken Kimmell, Chief Development Officer for Avangrid, the Iberdrola subsidiary co-developing the project with Copenhagen Infrastructure Partners (CIP), told Reuters Events.The turbine will be joined by 61 additional turbines to provide 806 MW of power to the grid by the end of the year


17 Jan 2024

Hunter Group Signs Charter for Eco-Design VLCC

© Jouni Niskakoski / Adobe Stock

Norwegian shipowner Hunter Group has entered into a three-year back-to-back charterparty for an eco-design and scrubber fitted Very Large Crude Carrier (VLCC) with an internationally renowned counterparty.Delivery of the 2016-built vessel is expected to take place during March/April 2024.The company will charter the vessel in at a fixed rate of $51,000 per day, before subsequently chartering the vessel out on a floating index-linked spot rate contract."This agreement is yet another


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


11 Jan 2024

DFDS Completes FRS Iberia/Maroc Acquisition

(Photo: DFDS)

DFDS has completed its acquisition of FRS Iberia/Maroc, a short-sea ferry company connecting Spain and Morocco via the Strait of Gibraltar.“We are excited to start the integration of FRS Iberia/Maroc and look forward to applying our joint capabilities to grow the business while continuing to provide reliable, efficient ferry services to both passengers and freight customers,” said Torben Carlsen, CEO of DFDS.Reporting preliminary revenue of DKK 1.0bn for 2023, FRS Iberia/Maroc has three routes operated by a total of 850 staff of which just over 400 are own employees.

04 Jan 2024

Bath Iron Works Gets $34 Million to Bolster Its Workforce

(File photo: Bath Iron Works)

Bath Iron Works (BIW) will receive more than $34 million in federal funding for projects aimed at bolstering the Bath, Maine shipyard's workforce.U.S. Senator Susan Collins (R. - Maine), Vice Chairman of Senate Appropriations Committee and Defense Subcommittee, announced the funding has been approved by the U.S. Navy and included in the Fiscal Year 2023 Defense Appropriations bill as part of a larger initiative to make improvements to the infrastructure of the U.S. shipyards that build the Navy’s destroyers.BIW


29 Dec 2023

Esgian: New Contracts, Drilling Activities and Rig Moves Across the World

Borgland Dolphin drilling rig (Credit: Dolphin Drilling)

Esgian's last roundup of the year for the Week 52 puts spotlight on new developments for Dolphin Drilling semisub, Seadrill drillships, as well as Shell’s plans for Australia and ONGC’s new tender for jackups in India.ContractsDolphin Drilling has signed a Letter of Intent (LOI) with an undisclosed operator for the 1,500-ft semisubmersible Borgland Dolphin to undertake a 500-day drilling campaign in the UK. The drilling campaign is planned to begin directly after the firm part of the contract period with EnQuest, which was announced in late November 2023.

21 Dec 2023

OSG to Upgrade Engines on Its Alaska Class Tankers

(Photo: MAN Energy Solutions)

U.S. shipping company Overseas Shipholding Group announced it will upgrade all four vessels in its Alaskan Class fleet with new methanol-ready engines from MAN Energy Solutions.The vessels Alaskan Explorer, Alaskan Frontier, Alaskan Legend and Alaskan Navigator, all approaching 20 years in age, will receive significant engine and operational improvements, resulting in environmental benefits as well as extending their commercially useful life, OSG said.The lifecycle engine upgrades involve a series of technical and commercial enhancements


14 Dec 2023

DiCosimo to Chair Greater Houston Port Bureau

Vincent DiCosimo (Photo: Greater Houston Port Bureau)

The Greater Houston Port Bureau Board of Directors announced Vincent DiCosimo, vice president of government affairs at Targa Resources, will assume the position of the chairman of the board on January 1, 2024. DiCosimo has served as first vice chairman on the Port Bureau’s board for the last three years.Bernt Netland, the outgoing chairman of the Port Bureau Board said, “Vincent has been a part of the Port Bureau’s board for many years and has been active in his role as vice chair. He is an experienced and respected leader in the port region.

13 Dec 2023

Germany's Stade LNG Project Expects Floating Terminal in February

(Image: Hanseatic Energy Hub)

Germany's emerging liquefied natural gas (LNG) terminal in the Elbe river port of Stade expects its floating regasification vessel (FSRU) to arrive in February, allowing seaborne gas cargoes to be fed into local pipeline grids, its management said on Wednesday.The move is part of Germany's quest to increase LNG import capacity so it can end reliance on Russian pipeline gas, which Europe has heavily depended on prior to Moscow's invasion of Ukraine last year."The Transgas Force (the designated ship) is anticipated to arrive in February and will remain for three years, ahead of the commissioning

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