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Thursday, March 28, 2024
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27 Mar 2024

St. Johns Ship Building to Build Six Deck Barges for Seapath

(Photo: St. Johns Ship Building)

St. Johns Ship Building on Wednesday announced it has signed a contract with Seapath for construction of a series of six ABS deck barges in support of their Jones Act leasing business.The barges will be built at St Johns Ship Building’s facility in Palatka, Fla. and will be dispatched to multiple charterers along the US East Coast.Seapath is a subsidiary of the Libra Group, which is also parent to St. Johns’ holding company, Americraft Marine Group.Joshua Lubarsky, CEO of Seapath, said, “Domestic maritime transportation is the backbone of the US transportation system.

25 Mar 2024

Fuel Savings of Autonomous Navigation System Verified

Source: Avikus

Avikus, HD Hyundai's autonomous navigation in-house startup, has verified that its autonomous navigation system is capable of reducing fuel use by as much as 15%, which is expected to reduce carbon emissions by 10%.The fuel savings were quantified on a 325,000-ton very large ore carrier (VLOC) operating several times on a 5,800-mile route from Singapore to Brazil using Avikus’ autonomous HiNAS Control system.The verification of this performance was conducted through procedures that were jointly developed by HD Korea Shipbuilding & Offshore Engineering and Avikus…

24 Mar 2024

Esgian Week 12 Report: New Finds in Guyana, China and Norway

© bomboman / Adobe Stock

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…

18 Mar 2024

Boskalis Wraps Up Moray West Offshore Wind Farm Ops

(Credit: Boskalis)

Dutch marine services firm Boskalis has completed its activities in support of the development of Ocean Winds’ 882 MW Moray West offshore wind farm in Scotland.As part of its multidisciplinary role in the project, Boskalis deployed six vessels to carry out large number of activities off the east coast of Scotland in the Moray Firth.First, Boskalis’ wholly-owned subsidiary Gardline carried out extensive geotechnical and geophysical survey works prior to the installation work.Then…

17 Mar 2024

Esgian Week 11 Report: New Discoveries in UK and Namibia

Source: COSL

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 and…

14 Mar 2024

Seapath Launches Jones Act Leasing Business

(Photo: The Libra Group)

Libra Group subsidiary Seapath has launched a Jones Act leasing business offering maritime leasing and financing solutions and a growing portfolio of vessels valued at approximately $25 million.The group said it sees significant unmet demand for the supply of Jones Act compliant transport assets.Joshua Lubarsky, president of Seapath, said, “Domestic maritime transportation is the backbone of the U.S. transportation system. By launching our new Jones Act leasing business, Seapath…

10 Mar 2024

Norway Offers $193 Million Funding to Arctic Floating Wind Farm Project

© Marc Dyck / Adobe Stock

A floating offshore wind farm planned in Arctic waters on Friday received 2 billion Norwegian crowns ($193 million) in state funding, with Norway viewing the still costly technology as a key contributor for industry development and emission cuts.The GoliatVind project in the Barents Sea, consisting of five 15 megawatts turbines and seeking to supply power to the Arctic town of Hammerfest, beat out six other applicants in a tender by government agency Enova.Norway hopes that floating offshore wind will provide an industrial future for its offshore supply industry as well as a means of cutting e

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…

11 Mar 2024

No Remaining Recoverable Oil Sheen Seen off California

Source: U.S. Coast Guard

The U.S.

06 Mar 2024

MOL and Petrobras Sign Cargo Transfer Vessels Deals

Sealoader 2 (Credit: MOL)

Mitsui O.S.K. Lines (MOL) and Brazil’s 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 Basin…

05 Mar 2024

Predictive Tech Could Extend Tank Inspection Intervals on LNG Carriers

© Wojciech Wrzesień / Adobe Stock

Inspection intervals for liquefied natural gas (LNG) carrier membrane tanks could be safely extended thanks to monitoring technology and predictive maintenance, according to a study led by GTT Group, Lloyd’s Register and Shell International Trading and Shipping Company Limited.The International Gas Carriers (IGC) Code and IACS UR Z16 rules require LNG carrier cargo tanks to be inspected internally every five years. This joint study explored whether this interval could be extended…

05 Mar 2024

MOL Signs Long-Term Charter with Tokyo Gas for LNG Carrier Newbuilding

Illustration (Credit: MOL)

Mitsui O.S.K. Lines (MOL) has signed a long-term charter contract for a newbuilding LNG carrier with Tokyo LNG Tanker (TLT), a wholly-owned subsidiary of Tokyo Gas.This is the eighth contract, following a time charter contract for seven LNG carriers that were signed for TLT.The 174,000-cbm ship will be 294.9 meters long, with the bread of 46.4 meters.The vessel will be built at the Geoje Shipyard of Hanwha Ocean in South Korea, and is scheduled for delivery in 2026.It will be…

04 Mar 2024

MOL Wraps Up Fairfield Chemical Carriers Acquisition

MOL Chemical Tankers-operated chemical tanker Ensemble (Credit: MOL)

Mitsui O.S.K. Lines (MOL) has, through its subsidiary MOL Chemical Tankers, completed the acquisition of Fairfield Chemical Carriers, creating one of the world’s largest multi-segregated chemical tanker fleets.The acquisition, valued at $400 million, is based on a share transfer agreement signed at the end of September 2023, which has been approved by the relevant authorities under competition law.The transaction is in line with MOL’s plan to proactively invest in chemical tanker business…

03 Mar 2024

Esgian Week 9 Report: Dolphin, Diamond and Seadrill Updates

© AndSus / Adobe Stock

Esgian reports rig-related updates from Dolphin Drilling, Diamond Offshore, and Seadrill in its Week 9 Rig Analytics Market Roundup.Report Outline:ContractsDespite Tullow Oil’s 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 with…

01 Mar 2024

Yara and ACME Sign Ammonia Supply Agreement

Source: Yara

Yara and GHC SAOC, a wholly owned subsidiary of India’s Acme Cleantech, have signed a binding agreement for the supply of ammonia with reduced CO2 emissions from Acme to Yara on a long-term basis.Both companies had previously signed a non-binding offtake Term Sheet and the current agreement concludes 18 months of negotiations during which the regulatory framework and certification regime have evolved significantly, creating a suitable environment for such long-term contracts.The long-term offtake agreement covers the supply of 100…

29 Feb 2024

KOTUG Takes Full Ownership of Its Bahamas Towage JV with SEACOR

(File photo; KSM)

KOTUG International, a marine services and towage provider based in the Netherlands, announced on Thursday it has concluded its acquisition of Kotug Seabulk Maritime (KSM), taking full ownership of the Caribbean marine towage business.KOTUG said it has acquired the interest of its joint venture partner, Fort Lauderdale, Fla.-based SEACOR Holdings via its Seabulk subsidiary KS Maritime Holdings, owner of the 50% share in KSM.Founded in 2017, KSM acts as the exclusive provider of maritime terminal support services for Buckeye Partners’ Bahamas Hub…

27 Feb 2024

Solstad Scoops $7M for Two AHTS Vessels

Far Scimitar AHTS (Credit: Solstad Offshore)

Norwegian vessel owner Solstad Offshore has sold two anchor handling tug supply (AHTS) vessels, securing a profit of approximately $7.1 million for the transaction.The AHTS vessels, Far Sound and Far Scimitar, have been in layup in Asia since 2016 and 2018.Fars Sound is a 2007-built AHTS, with the length of 78.1 meters and of UT 712 L design.Far Scimitar is of the same design, with 78.3 length. It was built in 2008.The sale was made through Solstad Reder, a wholly owned subsidiary of Solstad Maritime Holding.Delivery of the vessels to the new owner took place on February 23, 2024.

22 Feb 2024

Pearlson to Upgrade Shiplift at Australia's Osborne Naval Shipyard

Australian Naval Infrastructure in Osborne, South Australia (Photo: Pearlson Shiplift Corporation)

Pearlson Shiplift Corporation, a subsidiary of The Pearlson Group, announced it has been awarded a multimillion-dollar contract to deliver a large capacity upgrade and extension for Australian Naval Infrastructure (ANI) in Osborne, South Australia.The works will be installed by McConnell Dowell, one of the largest construction companies in the region. Once completed later this year, Pearlson Shiplift Corporation will recommission ANI’s shiplift system as the largest in the Southern Hemisphere.“We are honored to be awarded this project - the largest in the region.

15 Feb 2024

Scanunit Helps Ferry Aurora in first PFAS/PFOS Conversion

Tank Inspection after decontamination. Image courtesy Scanunit

Battery-powered Öresundslinjen ferry notches up an environmental first with turnkey conversion and decontamination of soon to be outlawed PFAS/PFOS fire-fighting foam to an environmentally friendly alternative.Scanunit has carried out what it believes is the world’s first replacement and decontamination of a PFAS/PFOS1 foam firefighting system on a commercial vessel. Aurora, a 1992-built ferry operated by EQT-owned Öresundslinjen (a subsidiary of Molslinjen), was the vessel concerned…

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…

19 Feb 2024

Brassavola Completes Maiden Ship-to-Ship LNG Bunkering Operation

Brassavola vessel (Credit: Seatrium)

Pavilion Energy, the charterer of Singapore’s recently delivered first membrane LNG bunker vessel Brassavola, has concluded its first Ship-to-Ship (STS) LNG bunkering operation.Pavilion Energy said on February 19, 2024, the bunkering operation to Rio Tinto chartered dual-fueled bulk carrier, Mount Api was successfully completed.Brassavola was recently delivered by Seatrium, to owner Indah Singa Maritime, a wholly-owned subsidiary of Mitsui O.S.K Lines (MOL).Seatrium Delivers Singapore’s…

21 Feb 2024

NYK Places Order for its First Japan-built Offshore Wind CTV

Rendering for NYK's first Japan-built offshroe wind CTV (Credit: NYK)

NYK Line has ordered a crew transfer vessel (CTV) for offshore wind industry from Kosaba Shipbuilding Corporation, the first such order the company placed to a local Japanese shipyard.Following delivery in late 2025 or 2026, the vessel will be used to transport technicians to construct and maintain offshore wind power generation facilities offshore Japan.The vessels will be 28 meters long, and capable of accommodating 12 passengers.By expanding its fleet of CTVs, NYK aims to play an active role in promoting sustainable energy.

21 Feb 2024

Biden Executive Order Targets Cybersecurity at US Ports

© Brian E Kushner / Adobe Stock

President Biden on Wednesday signed an Executive Order aiming to strengthen cybersecurity at U.S. ports amid growing threats to America's vital maritime supply chains.The directive bolsters the Department of Homeland Security’s authority to address maritime cyber threats, including through the creation of new standards to ensure the security of networks and systems throughout the nation’s marine transportation system (MTS), which supports $5.4 trillion in economic activity each year."Most critical infrastructure owners and operators have a list of safety regulations they have to comply with…