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Scorpio Group News

17 Sep 2020

Opportunities Gust Off US Shores

© Daniël Leppens / Adobe Stock

Throughout the world, offshore wind is on a growth trajectory. With green energy mandates from states in New England and the mid-Atlantic, the U.S. is joining the fray. Consultants Wood MacKenzie, in its U.S. Offshore Wind Outlook 2020-2029, suggested that as much as 25 gigawatts (GW) of capacity could be deployed in the U.S. by 2030 (though estimates range from 14 GW to as much as 34 GW), accounting for a hefty portion of incremental capacity coming online.Shipyards in New England have already seen the tip of the offshore wind iceberg…

12 Aug 2020

Hermitage Offshore Services Files for Chapter 11

Offshore vessel owner Hermitage Offshore Services, hit by prolonged low oil prices and business fallout from the coronavirus pandemic, said it has voluntarily filed for reorganization under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.New York-listed Hermitage, part of the Scorpio Group, said it filed for Chapter 11 after failing to reach a financial restructuring deal with lenders out of court."While the company would have preferred to complete its financial restructuring out of court, it was unable to reach a consensual agreement with its lenders, which made filing Chapter 11 necessary to provide a single forum for all continuing conversations with its lenders…

27 Aug 2019

Pacific Green: Carmichael Retires, Poulter Appointed

Dr. Neil Carmichael (Photo: Pacific Green)

Pacific Green Technologies Inc. (PGTK) (OTCQB: PGTK), owner of the ENVI-Marine and ENVI-Clean Exhaust Gas Scrubbing Systems, announced that Dr. Neil Carmichael retired s Chief Executive effective August 22, 2019, taking on the role of non-executive Director.Scott Poulter, current Executive Director, appointed as Chief Executive.Pacific Green Technologies is a leading exhaust gas scrubber manufacturer which has a strategic joint venture with PowerChina SPEM, a unit of China's largest engineering…

11 Mar 2019

DNV GL Rolls Out Remote Surveys

Photo: DNV GL

Classification society DNV GL has announced that all DNV GL classed vessels are now able to utilize the possibility of remote surveys for some inspections through the Veracity data platform. This means that for a range of surveys, a DNV GL surveyor will not be required to travel to the vessel. Instead, by using an online connection or video streaming link, a dedicated team of remote surveyors can provide support to vessels anywhere in the world with documentation, images, video (streaming or recordings), and input provided by the customer and crew.

13 Dec 2018

Nordic American Offshore Bags PSV Contract

Bermuda-headquartered Nordic American Offshore (NAO) has been awarded a two-year fixed contract for the Platform Supply Vessel (PSV) built in 2015, 'NAO Viking'.Commencement will be about mid-December 2018. The contract also grants the customer two one-year optional periods after the initial firm period, said a press release from the owner and operator of platform supply vessels in the North Sea'NAO Viking' will be operating primarily in the North Sea for a first class company.  This contract has been concluded with one of the Company's regular customers.The contract is securing steady employment and contribution for 'NAO Viking'.Two days ago, NYSE-listed offshore support vessel owner Scorpio Group took control of NAO, via a private placement into company’s shares worth $5 million.

13 Dec 2018

Scorpio Group Takes Over Nordic American Offshore

NYSE-listed offshore support vessel owner Scorpio Group has taken control of Nordic American Offshore (NAO), via a private placement into company’s shares worth $5 million.The investment, which took place via a private placement with Scorpio Offshore Investments, a unit of the group, was announced by NAOScorpio Group leader Emanuele Lauro has been appointed chief executive and chairman of NAO.Nordic American Tankers presently owns about 16.1 percent in NAO and the Hansson family owns 13.5 percent, in total about 30 percent. Following the investment in NAO by Scorpio, the NAT related entities have about 24 percent.Herbjørn Hansson, Chairman & CEO of NAO, said in a statement, "Scorpio will step into NAO to significantly strengthen and grow NAO.

02 Dec 2015

COP21 - 2 billion Tonnes of Goods Shipped Using GHG Rating

Market-led solution reduces shipping’s carbon dioxide emissions. Ahead of COP21, 26 of the 35 charterers that include vessel efficiency in their supply chain selection have come forward to highlight their proactive measures on climate change. By using the Greenhouse Gas (GHG) Emissions Rating to find the more efficient vessels these industry leaders are using their influence to incite change in the maritime industry by rewarding ship owners that prioritise efficiency. Developed in 2010 in response to customer demand, the GHG Emissions Rating is a tool developed by RightShip, the maritime risk management specialist. The tool is available free of charge to all RightShip customers and at ShippingEfficiency.org and allows charterers and other stakeholders to assess the efficiency of vessels.

09 Sep 2014

Latest Ocean-going Shipbuilding Orders

A number of orders are reported by Clarkson Hellas in their latest S&P Weekly Bulletin, with contracts being signed across the Dry Bulk, Tanker and Container markets. Activity has been focused amongst the small/midsized vessels with Empros Lines reported to have signed up for a pair of 63,000 dwt Ultramax bulkers at Imabari. Delivery of both vessels is scheduled in 2016. Inui Steamship meanwhile are reported to have turned to Onomichi Dockyard for one 60,000 dwt bulker with delivery much later in early 2018. In amongst the smaller handysizes, Nissen Kaiun K.K. are understood by Clarkson Hellas to have placed an order at Shikoku dock for a pair of 34,500 dwt Handysize bulk carriers, which are the 2nd and 3rd vessels in this series on order and will deliver in 2016 and 2017.

07 Jan 2014

New York Shipping Conference Adds Speakers

Blaine Collins

Examining areas of change and growth in shipping is the focus of the 20th annual Hellenic-American and Norwegian-American Chambers of Commerce conference, often called the New York Shipping Conference. Entitled “Today’s Vision- Tomorrow’s Reality”, the conference will present a Macro Shipping and Economic Overview, a look at Shipping 2020, the challenges of balancing safety, regulatory compliance and costs, the current outlook and sources of dry bulk demand and supply, sourcing ship finance, and the commercial impacts of decisions regarding trade routes, chartering and futures.

19 Nov 2013

Bugbee Named 2014 CMA Commodore

Robert Bugbee speaking at CMA in March 2013

Robert Bugbee, President of Scorpio has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2014. Mr. Bugbee follows a long succession of influential maritime industry leaders as Commodore. The 2014 Commodore Award will be presented to Mr. Bugbee on March 19, 2014 at the Gala Dinner marking the conclusion of the annual Connecticut Maritime Association conference and trade exposition, at the Hilton Hotel in Stamford, Connecticut, U.S. The Award is given…

11 Apr 2011

Marlink to Provide VSAT Solution for Scorpio Ship Management

Marlink, the global provider of maritime satellite communications, has recently entered into a new 5-year contract with Scorpio Ship Management s.a.m., the technical arm of the Scorpio Group. As part of the new agreement, Marlink will deliver, install and operate its cutting-edge WaveCall(TM) VSAT solution aboard 17 vessels, providing high-quality, reliable connectivity to support a wide range of applications including vessel management and crew welfare. Marlink's WaveCall(TM) solution will provide each Scorpio vessel with 128 Kbps to 1024 Kbps for shore-to-vessel communications and 128 Kbps to 256 Kbps for vessel-to-shore communications. Each tanker will have access to 1 data and 2 voice lines for business administration and crew use.

07 Dec 2004

Hansa Hamburg Shipping Launches Investment Fund

Hansa Hamburg Shipping International announced the launch of its latest fund issue, Margara mbH & Co. KG. The fund is available for subscription immediately and offers prospective investors the opportunity to invest in a state-of-the-art, highly versatile, double-hull Panamax tanker. "We are pleased to offer our investors an exciting capital investment opportunity with a planning horizon of around 14 years", explains Hansa Hamburg director Erich Schlegel. According to Schlegel, given the tanker's attractive purchase price and the favourable long-term market fundamentals, the fund is well-positioned for an above-average return on investment. Investors have the option of subscribing to the 2004 or 2005 tranches of the ordinary capital, the preference capital, or a combination of all three.

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