Turnover News

Marine fuel services and solutions provider KPI OceanConnect has completed its first simultaneous operation of LNG bunkering in Singapore.KPI OceanConnect conducted the operation for MSC Mediterranean Shipping Company’s Monica Cristina vessel in Singapore, using membrane LNG bunker vessel Brassavola on charter with Pavilion Energy.The operation took place at Tuas Container Terminal, along with loading and unloading procedures, improving efficiency.“KPI OceanConnect is proud to work with industry leaders like Pavilion Energy and MSC Mediterranean Shipping Company to accelerate the development o

HII announced today that its Newport News Shipbuilding division (NNS) recently began topside testing of the electromagnetic aircraft launch system (EMALS) on aircraft carrier John F. Kennedy (CVN 79).EMALS, first integrated into USS Gerald R. Ford (CVN 78), replaces the existing steam catapults currently in use on the U.S. Navy’s Nimitz-class aircraft carriers.Following successful “no-load” testing on catapults one and two, known as the ‘bow cats,’ the NNS team, alongside the John F. Kennedy crew, has now started “dead-load” testing.

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…

Seatrium has delivered Brassavola, Singapore’s first membrane LNG bunker vessel built locally by the group, to owner Indah Singa Maritime, a wholly-owned subsidiary of Mitsui O.S.K Lines (MOL).Following delivery, Brassavola will be chartered by Pavilion Energy to supply LNG bunker in the Port of Singapore.The vessel, which is expected to start operations in February 2024, will also be deployed by TotalEnergies Marine Fuels to serve its customers under a long-term agreement with Pavilion Energy.Measuring 116.5 meters in length and 22 meters in width…

Norwegian shipowner Island Offshore announced it has secured long-term employment for its offshore support vessel Island Condor, commencing in autumn 2024."This is a fantastic Christmas gift for the company! We have worked purposefully to secure longer assignments and are grateful for the trust the customer has shown us," said Tommy Walaunet, managing director of Island Offshore Management AS.Having worked as a walk-to-work vessel in the British sector for many years, apart from Norwegian projects in the past year…

As maritime faces transcendent changes in terms of decarbonization and automation, Juha Kytölä, Director of R&D and Engineering, Wärtsilä, discusses how this Finnish maritime technology powerhouse is investing in the technologies and facilities that will drive the maritime industry for the coming generation, including insights on its unique arrangement for a future fuel engine testbed onboard Wasaline’s MS Aurora Botnia.To start off, can you give a scope of the Wärtsilä R&D investment?We invest heavily in research and development, about 4.1% of our annual turnover.

Vard, the Norwegian subsidiary of the Fincantieri Group, signed a contract for $200m to design and build a customized hybrid cable-laying vessel for Japan's Toyo Construction.The hybrid cable vessel will have a design specifically developed for custom needs to meet the growing Japanese offshore wind farm market and will also be able to operate worldwide. It will have an optimal hull design to suit natural and construction conditions in Japan, allowing it to be used in both shallow…

Galileo and Odfjell Oceanwind are collaborating with Vår Energi on a floating offshore wind project at the Goliat platform outside Hammerfest in Norway. The partnership has been strengthened with The Kansai Electric Power Company Inc., a Japanese utility company, joining the team.The offshore wind park will be connected to the Goliat platform using the existing power cable to shore. The purpose of the project is to demonstrate floating offshore wind technology in Norway, as well…

A new report shows that deliveries to exploration, operation and modification of Equinor-operated fields and onshore plants in Norway exceeded 93 billion NOK in 2022, an increase of approximately 13% from the previous year.The report was presented at Equinor’s autumn conference by the company’s executive vice president for Exploration and Production Norway (EPN), Kjetil Hove, together with the five trade unions in Equinor: Industri Energi, SAFE, the Norwegian union of managers and executives (Lederne), NITO and Tekna.“Our activities create substantial national and local ripple effects.

Kongsberg Maritime, a Norwegian maritime equipment and technology specialist, announced a 23% reduction in CO2 emissions on the 121-meter passenger vessel MS Richard With, which is owned by Hurtigruten, a coastal ship operator and adventure travel company.The vessel finished an extensive refit last summer using Kongsberg Maritime engineering and technology and has now completed its first year back in service.Last year, Kongsberg Maritime partnered with Myklebust Verft shipyard to convert three Hurtigruten ships to hybrid technology, promising reduced emissions and quieter operations.

During this year’s annual conference held in Edinburgh, the International Union of Marine Insurance (IUMI) took the opportunity to explore and debate the question of diversity, equity, inclusion and belonging (DEIB) with the ambition of taking concrete steps to enhance its own representation and that of the marine insurance community more generally.Patrizia Kern-Ferretti, Chair of IUMI’s Nominating Committee, is driving the initiative and explained: “In 2010, after IUMI having been in existence for more than 135 years, I was only the second woman to chair an IUMI Technical Committee.

DEME Group has released its half year results saying its orderbook is 7.7 billion euro ($8.3 billion), up 36% compared to H1 2022, reflecting continued healthy demand and strong market positioning across all segments.Group turnover grew 14% year-over-year to 1.5 billion euro ($1.6), with growth in the offshore energy and environmental segments. Net profit was 30 million euro ($32 million), down from 39 million euro ($42 million) a year ago, primarily due to negative exchange rate results.Luc Vandenbulcke…

Geir Bjørkeli has made the decision to step down from his role as CEO of Corvus Energy. However, he will continue in his position until at the latest December 31, 2023."After leading Corvus for five and a half years, I believe it is time for the company to have a new leader. Together with the rest of the team, I have dedicated extensive efforts to elevate Corvus into a prominent green industrial company within the maritime sector. The company continues to experience significant growth, with supply issues resolved post-pandemic and record-high order intake.

Meyer Turku Group has published its 2022 financial results indicating a positive turnaround on the previous year.The Group’s turnover was 1.30 billion euros, up about 200 million euros on 2021. The loss for the financial year was 15.6 million euros, which was less than the previous year's 17 million euros.Meyer Turku CEO Tim Meyer comments on the result: "During 2022, we were particularly affected by the difficult availability of materials and overall increased costs, especially on materials and financing.

Romania said on Monday it was concerned by signs that neighboring Ukraine was dredging a canal that sliced through a shared, ecologically sensitive coastal region, and asked if it could check the site.Ukraine has been transporting grain on the Bystroe canal as it develops alternative routes for its exports while access to its Black Sea ports is limited by Russia's invasion.Romania has said it is concerned that any works on the waterway through the shared Danube Delta area could…

Finnish shipyard Rauma Marine Constructions held a keel laying ceremony of Spirit of Tasmania IV, a car and passenger ferry being built for the Tasmanian TT-Line Company.TT-Line, which operates between mainland Australia and Tasmania, has commissioned two identical Spirit of Tasmania vessels from RMC. The large-scale project is the biggest individual foreign sale between Australia and Finland.”Despite the Covid-19 pandemic and the war in Ukraine, the design and production of the Spirit of Tasmania vessels have proceeded according to the agreed schedule.

Alfa Laval has acquired Scanjet, a supplier of tank cleaning equipment and solutions for marine, offshore and industrial applications. "The acquisition will extend Alfa Laval’s broad tanker offering, creating a more comprehensive product portfolio for cargo tanks," Alfa Laval said, without sharing details on the value of the deal.According to the company, Scanjet’s intelligent tank management solutions will be a valuable complement to Alfa Laval’s sustainable marine offering as…

The St. Lawrence Seaway is made up of a broad network of interconnected infrastructures. Channels, canals, port facilities and fleets illustrate the connections between transportation equipment, industrial production and the artificial, human-made environment.This valuable infrastructure represents significant capital investments that have already been amortized. The maintenance, modernization and adaptation of the sea-river network make it possible to meet the demands for capacity, fluidity and reliability imposed by the transport industry.From their position as supply chain nodes, the St.

Oranje Nassau, a 20-m, 55-passenger sightseeing boat and water taxi operating on Berlin’s urban waterways was recently put back into service after replacing its diesel engine with a fully integrated all-electric propulsion system by Torqeedo.The Torqeedo Deep Blue 50i electric drive is powered by three Deep Blue batteries with 120 kWh capacity which provide energy for a full eight-hour day at operating speeds, recharging from shorepower connections overnight at dockside.Buoyed by the performance of the electrified Oranje Nassau…

A group of companies working in the offshore energy industry are teaming up in an effort to fast-track the journey toward remotely managed services, including onshore remote operations centers and unmanned surface vehicles (USV).Solstad Offshore, DeepOcean Group and Østensjø Group have established and will share 33.33% stakes in two joint ventures (JV). One of them, Remota AS, will own and operate advanced onshore remote operations centers, while the other, USV AS, will develop…

Pieter van Oord is candid in discussing the future growth of his storied company’s activities in offshore wind with specific insights on challenging current jobs, Van Oord’s recent order of a massive and groundbreaking Wind Turbine Installation Vessel, and the company’s future working in the United States.Pieter, to start, can you give a ‘By the Numbers’ look at your company today using the metrics of your choice?Well, 2021 was a disappointing year for us. As we said in our annual report…

New federal money promises dramatic impacts throughout the United States’ inland waterways system in 2022 and beyond. This report focuses on America’s central rivers; the Western rivers will be covered in a future report. These central rivers reach 11,000 miles, from Pennsylvania to Florida and from Texas to South Dakota.Consider the money within the U.S. Army Corps of Engineers “Civil Works Program Infrastructure Investment and Jobs Act (IIJA), 2022 Construction Spend Plan.”In Arkansas…

Finland-based cruise shipbuilder Meyer Turku saw its full-year 2021 net loss widen, despite a somewhat higher turnover compared to 2020. Still, the company said it was a "satisfactory result in the midst of a protracted pandemic."The company's turnover was EUR 1.08 billion. It is somewhat higher than in the previous year, but the result for the financial year was a loss of EUR 17.0 million, Meyer Turku said.Tim Meyer, CEO said: “Exceptional times lasted longer than expected. The global effects of the Covid-19 pandemic, such as labor and material mobility, affected our operations as well.