Pressure Builds for Charge on Shipping Sector's CO2 Emissions
The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector's greenhouse gas emissions, documents reviewed by Reuters showed.The documents, being discussed at an International Maritime Organization (IMO) meeting now entering a second week, outline four proposals with a combined 47 backers for imposing a fee on each tonne of greenhouse gas the industry produces.Support forā¦
StormGeo takes Ownership of Climatempo
StormGeo, part of Alfa Laval, completed the acquisition of Brazil based meteorological service, Climatempo.StormGeo first took an initial 51% stake in the Climatempo Group in 2019. In 2023, a further 38.66% was secured, marking an 89.66% ownership. This takeover sees StormGeo increasing its footprint in the South American market and providing advanced services to the Brazilian customer base.
Esgian Week 11 Report: New Discoveries in UK and Namibia
Esgian reports that drilling contracts have been announced this week for operations in Brazil and the Philippines, and new discoveries have been confirmed in the UK and Namibia in its Week 11 Rig Analytics Market Roundup.ContractsCOSL Drilling has emerged as the winner for Petrobras' moored semisubmersible tender with the 4,600-ft Nanhai 8 (also known as Nan Hai Ba Hao).Noble has secured a high-dayrate drillship contract with Prime Energy in the Philippines.Drilling Activity andā¦
TotalEnergies Awards New Contracts to Siem PSV Pair in Brazil
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 contractsā¦
SAAM Closes 2023 with Historic Earnings
SAAM reported net income of US$501 million in 2023, representing its best-ever results thanks to the sale of its port and logistics assets to Hapag-Lloyd, which generated a net gain of US$422 million.Sales for the year totaled US$540 million and EBITDA was US$160 million, surpassing the prior year by 17% and 9%, respectively."The sale of our port terminal and inland logistics operations leaves us in a solid position to move forward on the path we have set for ourselves: to lead the consolidation process in the towage industry and grow in air cargo logistics services.
Esgian Week 10 Report: Additional Backlog Secured
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 dāIvoire, 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 Drillingās 250-ft jackup Rig 141 has secured a two-yearā¦
Siem Offshore Secures Contract Extension for Multi-Purpose Support Vessel
Norwegian offshore vessel owner Siem Offshore has been awarded a contract extension for the multi-purpose support vessel (MPSV) Siem Dorado.According to Siem Offshore, the extension secures the utilization of Siem Dorado MPSV for a period reaching towards the end of the fourth quarter in 2024.The contract is expected to start in direct continuation of the current contract with continued operations expected outside the North Sea.The Siem Dorado is a 2009-built diesel electric-driven vessel.
MOL and Petrobras Sign Cargo Transfer Vessels Deals
Mitsui O.S.K. Lines (MOL) and Brazilās state-owned energy giant Petrobras have signed a charter contract for cargo transfer vessel (CTV) SeaLoader 2, and agreed to start negotiations for a new CTV shipbuilding contract by the end of 2024.MOL signed the deal through its wholly owned subsidiary, SeaLoading Holding, which owns and operates CTVs.SeaLoading started a CTV agreement with Petrobras for SeaLoader 2 on a trial period in January 2022, and successfully completed more than 30 crude oil offloading operations from Petrobras' FPSOs located in the Santos Basinā¦
Esgian Week 9 Report: Dolphin, Diamond and Seadrill Updates
Esgian reports rig-related updates from Dolphin Drilling, Diamond Offshore, and Seadrill in its Week 9 Rig Analytics Market Roundup.Report Outline:ContractsDespite Tullow Oilās recent announcement that it would take a break from drilling offshore Ghana, Noble Corp. has stated that there has been no contract termination announcement and that its 12,000-ft drillship Noble Venturer is currently still contracted to Tullow into March 2025.Masirah Oil Ltd has signed a rig contract withā¦
ABL on Tow Job for Mero 3 FPSOās Voyage to Brazil
Energy and marine consultancy ABL Group has secured a contract by POSH Projects to act as tow master to support and supervise the towage of the Mero 3 FPSO from Yantai in China to Brazilian waters.As part of its scope of work, ABLās operations in Singapore will provide a tow master to act as client representative throughout the 12,108 nautical mile towage.The tow master will supervise and ensure that all marine operations for the sail away from Yantai CIMC Raffles Shipyard are carried out in-line with approved recommendations and procedural documentation.
Brazil's Paranagua Port Resumes Operations After Fire
An important export terminal for agricultural commodities at the Paranagua port in southern Brazil resumed operations on Saturday after three of its berths were temporarily halted due to a fire earlier this week.The local port authority said in a statement that operations at Paranagua's Export Corridor were resumed at 1 p.m. local time (1600 GMT), with berths 212 and 213 performing export operations and berth 214 an import operation.Maintenance was being carried out on the affected equipmentā¦
Three Questions: Matt Tremblay, VP, Global Offshore Markets, ABS
The American Bureau of Shipping dominates the global market in the classification of Floating Production. Offshore Engineer recently sat with Matt Tremblay, ABSā Vice President of Global Offshore Markets, at American Bureau of Shipping HQ in Houston for his insights on market drivers and technical trends in this dynamic market.Matt, big picture, how do you see the Floating Production market developing in the coming years?At a macro level, I think we're going to be supply limited over the next five years.
Floating Production ā A Growing Segment in Transition
The specialized deepwater oil & gas and floating offshore wind segments will share many of the same stakeholders and supply chains, competing for increasingly scarce resources.To receive a full version of Inteletus analysis, click hereThe established floating production segment is forecast to experience continued growth through this decade, driving demand for, among other things, moorings, subsea systems, umbilicals, risers, flowlines and the large anchor handlers and subsea support vessels that will install and maintain the elements.At the same timeā¦
Parana River Reopens to Vessel Traffic with Draft Restrictions
Argentina's Parana River, a global grains thoroughfare, reopened to shipping traffic on Tuesday after a grounded ship was freed, though vessels were told to load less grain while the damage to the channel was assessed.Shipping traffic had been snarled after the ship Clara Insignia, loaded with wheat, ran aground near the waterway's main channel and was stuck for several days, blocking the channel down river from the Rosario grains port hub.The bulk carrier was freed late on Mondayā¦
Parana River's Main Channel Obstructed After Vessel Runs Aground
A vessel carrying wheat that ran aground near the main channel of South America's Parana River has been freed but the waterway remains closed while checks are being made, the Argentine Naval Prefecture said on Tuesday.The vessel ran aground on Feb.17 and "was heading outbound in laden condition, navigating with a draft of 10.23 meters and carrying 31,121 metric tons of wheat," Inchcape Shipping said in a notice.The Parana River runs through Brazil, Paraguay, and Argentina.
African Union Bans Donkey Skin Trade
African Heads of State have agreed a landmark moratorium on the donkey skin trade. The agreement was reached on February 18 during the 37th African Union Summit in Ethiopia.Over the last decade, Africa has seen its donkey population decimated due to Chinese demand for ejiao, a gelatine used in traditional Chinese medicine that is made from boiling down donkey skins. Believed to have unsubstantiated health benefits, demand for ejiao has obliterated Chinaās own donkey populationā¦
Tobago's Tourism, Fishing Hit by Oil Slick
Nine days after a slick was first spotted by Trinidad and Tobago's Coast Guard, an oil leak from a capsized barge remains unplugged, according to first responders and authorities, prompting nations across the Caribbean to coordinate a response.The spill has spread miles from Tobago's shore, the area first hit by the incident. Trinidad this week alerted neighbors Venezuela and Grenada on possible impact to their coasts.The Caribbean Disaster Management Agency, dependent on regional group Caricomā¦
Star Bulk to Avoid Red Sea After Attacks on Its Ships
Greece-headquartered Star Bulk will halt sailings through the Red Sea after Yemen's Iran-aligned Houthis attacked two of its ships in recent days, the group's CEO said.The Houthis have targeted commercial vessels with drones and missiles in the Red Sea since mid-November in what they describe as acts of solidarity with Palestinians against Israel in the Gaza war."Going forward, we will not be passing the Suez Canal any more because we are obviously a target of the Houthis - being a public company registered in the U.S.," Star Bulk CEO Petros Pappas told a Feb.
Oil Production, Chinese Buying Buoys Brazil Crude Exports 19%
āThe reshaping of global crude tanker markets continued in 2023. In 2022, sanctions shifted Russiaās exports from Europe to Asia while OPEC production cuts in 2023 increased the Americasā share of exports. Brazilās oil production increased by 12% year-on-year in 2023 while crude tanker exports rose 19%,ā said Niels Rasmussen, Chief Shipping Analyst at BIMCO.According to the International Energy Agency (IEA), Brazilās oil production reached 3.49 million barrels per day (mbpd) in 2023, up from 3.12 mbpd the year before.
Houthis Target Cargo Ship Bound for Iran
Yemen's Iran-aligned Houthis have targeted a cargo ship in the Red Sea which shipping analysts said on Monday had been carrying corn to Iran.It appeared to be the first time the Houthis have targeted an Iran-bound vessel since starting attacks on international shipping in solidarity with Palestinians over the Israel-Hamas war in Gaza, shipping sources said.A U.S. defence official said it was likely that the ship had been targeted but not hit, but provided no further comment. Earlierā¦
Østensjø Rederi Sells Multipurpose Vessel Edda Fjord
Norwegian offshore vessel operator Østensjø Rederi announced it has sold the multipurpose vessel Edda Fjord to an undisclosed buyer.The vessel was delivered to its new owners in Haugesund, Norway on January 24, 2024 and is now en route to embark on new projects in Brazil.Edda Fjord, built in 2002 by Flekkefjord Slipp og Maskinfabrikk, has operated in a number of different segments through the years and is considered the predecessor to Edda Fides and the Edda Accommodation conceptā¦
SAAM Towage Taps Markey for Winch Retrofit Project
Markey Machine won a first-ever contract from SAAM Towage to retrofit the controls on a Timberland towing winch aboard the Point Valiant, a tug based in Vancouver, B.C.SAAM first outlined the project to Markey last May, then hired Sentinel Survey, Markeyās after-market service division, to undertake on-site inspection of the winch. Following inspection, Markey offered its Class I winch-control package, and SAAM responded with an order near the end of December. The winch controls package will be provided in mid-2024.āMarkeyās achievements in workboat winches are widely knownā¦
Solstad Offshore Hooks $70M in CSV Contracts with Petrobras
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 2024ā¦