Esgian Week 15 Report: South America Remains Vital
Esgian reports on new contracts for Borr Drilling and Shelf Drilling (North Sea) jackups in its Week 15 Rig Analytics Market Roundup. Additionally, Energean has selected a drillship for its upcoming drilling campaign offshore Morocco. South America remains vital to the floating rig market, with ExxonMobil moving ahead on a sixth development on the prolific Stabroek block offshore Guyana and Petrobras reporting a new discovery in Brazil's Potiguar Basin.Report Outline:ContractsBorr Drilling has announced new contract commitments for three of its premium jackup rigs…
Seatrium Scoops $259M Worth of Repairs and Upgrades Work
Singapore-based Seatrium has secured a series of major contracts for vessel repairs, upgrades and conversions, set for completion by the end of 2025.With an aggregate value of S$350 million ($259 million), the contracts have reinforced Seatrium’s reputation as a one of the market leaders in vessel repairs, upgrades and conversions.The diverse range of complex contracts secured by Seatrium Repairs and Upgrades include the upgrades and conversions of Floating Storage Regasification Units (FSRU)…
Rottnest Fast Ferries Orders New Vessel
Construction on a new passenger ferry, designed by Incat Crowther for Western Australian ferry operator Rottnest Fast Ferries, has commenced at Austal Philippines.The new ferry will operate on the popular Perth to Rottnest Island tourism route with the 32-meter aluminum catamaran set to have an operational capacity of up to 400 passengers and five crew seated over three decks. The vessel will also feature extensive cargo and luggage space for passengers, including bicycle storage areas on the main and mid decks.
Austal Rejects Hanwha's $662 Million Takeover Offer
Australian shipbuilder Austal said on Tuesday it had rejected an A$1.02 billion ($662 million) takeover offer from South Korea's Hanwha Ocean as it was unlikely to be approved by Australian and U.S. regulators due to the sensitivity of its operations.The Western Australia-based firm said it had received a bid at A$2.825 per share, representing a premium of 28.4% to Austal's last closing price.Austal's shares rose 8.2% in early trade, while the Australian S&P/ASX200 index was flat.The…
Austal Rejects Hanwha's $662 Million Offer
Australian shipbuilder Austal said on Tuesday it had rejected an A$1.02 billion ($662 million) takeover offer from South Korea's Hanwha Ocean as it was unlikely to be approved by Australian and U.S. regulators due to the sensitivity of its operations.The Western Australia-based firm said it had received a bid at A$2.825 per share, representing a premium of 28.4% to Austal's last closing price.Austal's shares rose 8.2% in early trade, while the Australian S&P/ASX200 index .AXJO…
Esgian Week 12 Report: New Finds in Guyana, China and Norway
Esgian reports fresh finds confirmed in Guyana, China and Norway in its Week 12 Rig Analytics Market Roundup.Report Outline:ContractsDolphin Drilling has announced the award of a $154 million drilling contract from India's exploration and production company, Oil India Limited (Oil India), to the 6,000-ft semisub Blackford Dolphin.Malaysian offshore drilling firm Velesto confirmed Friday it had recently secured long-term contract extensions for three of its jackup rigs with Petronas Carigali…
Austal Awarded Contract for Two More Patrol Boat Builds
Shipbuilding group Austal Limited announces that Austal Australia has been awarded a contract extension for the construction of two additional Evolved Cape-class Patrol Boats for the Royal Australian Navy.The A$157 million contract follows the procurement announcement made by the Commonwealth of Australia (CoA) on November 23, 2023 and brings the total number of Evolved Cape-class Patrol Boats being delivered to the Navy, under the SEA1445-1 Project, to ten.Austal Limited Chief…
Unloading of Stranded Australian Livestock Begins
Thousands of sheep and cattle stuck on a ship that was forced to abandon a passage through the Red Sea last month have begun disembarking at the same Australian port they left nearly six weeks ago, Australia's agriculture ministry said late on Monday.The MV Bahijah sailed from Fremantle, Western Australia on Jan. 5 for Israel with about 14,000 sheep and 2,000 cattle on board, but diverted from its route due to the threat of attack by Yemen's Houthi militia before being ordered…
Concern Raised that Australian Sheep Will be Re-Exported
The Australian government refused a request by an Israeli livestock exporter to send a ship carrying around 14,000 sheep and hundreds of cattle on a month-long voyage around Africa to Israel earlier this week, but it left the way open for other options.The Bahijah sailed from Australia for Israel on January 5 but was recalled over a week into the voyage after diverting towards South Africa, unwilling to sail through the Red Sea.The ship has been docked in Fremantle port, Western Australia…
Australia Stops Ship Carrying Livestock from Sailing Around Africa to Israel
The Australian government said on Monday it had refused a request by a livestock exporter to send a ship carrying around 14,000 sheep and 1,500 cattle on a month-long voyage around Africa to Israel.The animals have been on board the vessel for a month, prompting outcry from animal rights advocates who have likened their treatment to torture.The MV Bahijah sailed from Australia for Israel on Jan. 5 but abandoned a passage through the Red Sea due to threat of attack by Yemen's Houthi…
Australian Livestock: Second Vessel Heads to Red Sea
A ship carrying 16,000 sheep and cows that turned back from the Red Sea due to the risk of attack off Yemen was stranded at an Australian port in a heatwave on Friday as the exporter sought to offload at least some of the animals into quarantine.Meanwhile, another vessel carrying an even larger cargo - tens of thousands of animals - from Australia sailed for a Red Sea port in Jordan, with a contingency plan to unload them in the Gulf if it fails to obtain permission to enter the…
Australian Government Considering Re-Export of Livestock
The Australian Department of Agriculture continues to assess an application to re-export the sheep and cattle currently loaded on the livestock carrier Bahijah.The government recalled the vessel after it diverted from the Red Sea over a week into its voyage to the Middle East. The Bahijah had loaded cattle and sheep in Fremantle, Western Australia, and departed for the Middle East on January 5, 2024.The vessel has an Israeli company name painted in large letters along the side of the hull, and it is currently docked in Fremantle taking on supplies.
Australia Recalls Livestock Carrier Destined for Middle East
The Australian Government has recalled the livestock carrier Bahijah after it diverted from the Red Sea over a week into its voyage to the Middle East.The Bahijah loaded cattle and sheep in Fremantle, Western Australia, and departed for the Middle East on January 5, 2024. The vessel has an Israeli company name painted in large letters along the side of the hull.At the time of departure, the Department of Agriculture, Fisheries and Forestry (DAFF) said it was satisfied that the arrangements for the transport of the livestock were appropriate to ensure their health and welfare.
Australia Apprehends Illegal Fishers
The Australian Border Force (ABF) has apprehended 30 illegal foreign fishers and seized and destroyed three fishing vessels as part of an ongoing operation targeting illegal fishing off the coast of Western Australia.ABF's Maritime Border Command in partnership with the Australian Fisheries Management Authority (AFMA) detected and apprehended the vessels found to be fishing illegally in the Kimberley Marine Park between December 23 and 26, 2023.The illegal fishing crews have been…
Top 10 Things to Watch in Offshore Wind in '24
Despite short-term obstacles driven by high inflation and interest rates coupled with supply chain issues, we maintain that the foundations supporting long-term offshore wind activity remain solid. As we prepare for the new year, let us look at 10 factors that will shape the offshore wind sector in 2024.1. A Continuously Dynamic Energy TrilemmaThe dynamic relationship of the three key drivers of affordable energy, energy security and energy transition was clearly evident in 2023 as energy affordability and security were generally more prominent themes than the transition.
Austal and Birdon Ink Landing Craft MOU
Shipbuilding groups Austal and Birdon announced they have signed a memorandum of understanding (MOU) to jointly develop defense shipbuilding capability in Western Australia to deliver the Australian Department of Defense Landing Craft-Medium (LC-M) Project.The formation of the MOU commenced in late November when Minister for Defense Industry, Hon. Pat Conroy, announced a Heads of Agreement (HOA) to establish a Strategic Shipbuilding Agreement (SSA) between Austal and the Commonwealth, and named Austal as the preferred vessel constructor.
AUKUS Defense Ministers Agree to Bolster Security
AUKUS defense ministers have reaffirmed their resolve to bolster security and stability and ensure that the Indo-Pacific remains a region free from coercion and aggression.A statement was released after Secretary of Defense Lloyd J. Austin III hosted Richard Marles MP, Deputy Prime Minister and Minister for Defence, Australia, and Grant Shapps, Secretary of State for Defence, United Kingdom, at the Defense Innovation Unit Headquarters in California on December 1.AUKUS is a trilateral security partnership for the Indo-Pacific region between Australia…
Australian Government Responds to Live Export Petition
The RSPCA has welcomed the tabling of the Australian federal Minister for Agriculture's response to one of the largest Australian parliamentary e-petitions in history, calling for an end to live sheep export.Minister for Agriculture, Fisheries and Forestry, Murray Watt, stated: “The Australian Government acknowledges the considerable community concerns about animal welfare in the trade of live sheep exports by sea and understands the desire to see action.“The government took the commitment to phase out live sheep exports by sea to two elections…
New Pilot Boat Arrives in Port of Bunbury
Southern Ports’ new pilot boat Wardan has arrived in Bunbury, Western Australia, for local testing and trials ahead of an official naming ceremony to be held early next year.The boat, built by Hart Marine, combines top-tier technology, safety and comfort in a lightweight structure that renders the vessel resistant to corrosion, guaranteeing longevity and resilience in the harshest of marine conditions.Southern Ports Chief Executive Officer Keith Wilks acknowledged the exciting milestone for the Port of Bunbury’s fleet.
Austal Delivers Samoa-bound Patrol Boat
Shipbuilding group Austal announced its Austal Australia division has delivered the 18th Guardian-class Patrol Boat (GCPB) to the Australian Department of Defense. The vessel, Nafanua III, was accepted by representatives from the Department of Defense and then gifted by the Australian Government, to the Samoa Police Service at a handover ceremony held at HMAS Stirling in Western Australia on Wednesday.Austal Limited Chief Executive Officer Paddy Gregg said Nafanua III is the third Guardian-class Patrol Boat delivered by Austal in 2023…
Schottel Australia Partners with Fremantle Foundry and Engineering
Schottel Australia and propulsion systems repair specialist Fremantle Foundry and Engineering (FFE) have signed a service agreement that will expand the Schottel service network and strengthen OEM-quality repairs for Schottel products in Western Australia.FFE provides expert marine maintenance both onshore in its modern workshops and offshore. The company, which was founded in 1902, is an accredited National Association of Testing Authorities (NATA) facility as well as a DNV-certified fabrication workshop.
DP World Australia Back Online After Cyber Incident
DP World Australia, one of the country's largest ports operators, said on Monday operations had resumed at all its facilities after a cyber security incident forced it to suspend operations for three days.The breach had crippled operations at the company, which manages about 40% of the goods that flow in and out of Australia, affecting its container terminals in Melbourne, Sydney, Brisbane and Western Australia's Fremantle."Operations resumed at the company's ports across Australia at 9 a.m. today (2200 GMT, Sunday) ...
Australia Says DP World Cyber Incident 'Serious'
The Australian government on Sunday described as "serious and ongoing" a cybersecurity incident that forced ports operator DP World Australia to suspend operations at ports in several states since Friday.DP World Australia, which manages nearly half of the goods that flow in and out of the country, said it was looking into possible data breaches as well as testing systems "crucial for the resumption of normal operations and regular freight movement".The breach halted operations at the containers terminals in Melbourne…