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China, South Korea, Subsea Crane Orders for MacGregor
MacGregor, part of Cargotec, informs it has won an order for two subsea cranes from South Korean shipyard Hyundai Heavy Industries and another for one from China’s Wuchang Shipbuilding. The active heave-compensated cranes will have an SWL of 100-tonnes and 25-tonnes respectively. They will be fitted on board a new 160m heavy construction vessel (hull 2654) being built at the yard for global offshore specialist, Subsea 7.
EU Shares Counter-piracy Knowledge with Tanzania
On Monday, February 24, European Union counter-piracy operation Atalanta and EUCAP Nestor, the civilian-led Maritime Security Capacity building EU Mission, hosted two training sessions for Tanzanian Maritime Police and Navy in Dar es Salaam to share knowledge and experiences in fight against piracy in the Horn of Africa and Western Indian Ocean region. The practical trainings held on board the EU Naval Force flagship…
Five Minutes with WSS's Simon Hutt
The business of ship service has changed mightily in recent years, with many new regulations and technical mandates on modern ships, the continued and rapid consolidation of major players and a historic shift in vessel trading patterns driven by the shale energy revolution in the U.S. To help put it all in perspective, MR reached out to Simon Hutt, the new VP of the Americas for Wilhelmsen Ships Service. Please encapsulate your maritime experience to date. My career has always been in maritime.
Study: Outlook Strong for Offshore Pipe Industry
The European outlook for the offshore pipe industry in 2014 is positive, according to a recent report conducted by Tata Steel, a supplier of innovative deep-water pipe line solutions. The study, conducted by Europe’s second largest steel producer, points to high energy demand from Africa, Asia and BRIC (Brazil, Russia, India and China) nations which will continue to drive offshore developments. The…
BOURBON Makes Several Fleet Additions
With the AHTS Bourbon Liberty 320, BOURBON is now running a fleet of 100 Bourbon Liberty series-built, diesel-electric propelled and DP 2 vessels, a first in the oil services industry. This milestone coincides with the delivery of the first two of 20 deep offshore PSVs of the new BOURBON series: the Bourbon Explorer 500. "The Bourbon Liberty's operational success and the launch of the Bourbon Explorer 500 series strengthen our ability to provide a complete range of services worldwide…
MSC Preziosa: The Ultimate in Cruise Ship Tech
MSC Cruises recently added a new state-of-the-art liner, the MSC Preziosa, helping the Italian company, truly a family business, attain the status of third largest cruise line in the world.
Hijacked Tanker Returns Minus $8M of Diesel
Reuters - An oil tanker hijacked for a week off Angola in January has been returned to the country's authorities, a board member at state oil firm Sonangol said on Tuesday, adding that the hijackers had stolen diesel worth $8 million from the ship. The Liberian-flagged MT Kerala was under a time charter contract for Sonangol when it vanished off the coast of the capital Luanda on Jan. 18 before being intercepted by the Nigerian navy a week later.
Mermaid Marine to Buy Jaya Offshore Businesses
Reutrs - Australian marine logistics firm Mermaid Marine Australia Ltd. said on Tuesday it had agreed to buy the offshore businesses of Singapore's Jaya Holdings Ltd.
Subsea Crane Ordered from China for New AHTS
MacGregor has secured an order from Wuchang Shipbuilding Industry for a 100-metric-ton SWL active heave-compensated subsea crane. The MacGregor crane will be installed…
Big Growth in Mediterranean Transhipment Business Observed
Virtually all large Mediterranean transhipment hub ports recorded double digit growth in 2013, well above regional and global growth levels, notes the latest edition of Drewry's Container Insight Weekly. Once all full year data is collated, global container port traffic is likely to have grown by around 3.3% whilst that for the regions bordering the Mediterranean Sea will probably have grown by between 3 and 6%.
Oil Holds around $110
Brent crude oil steadied around $110 a barrel on Monday, resisting sharp declines in some other risk assets on news of further supply losses in Africa and expectations of revived oil demand growth.
Ghana Navy Boosts Focus on Gulf of Guinea
Ghana's Chief of Naval Staff, Rear Admiral GW Biekro, is convening a conference of senior international Admirals and naval experts to find solutions to further providing security in the Gulf of Guinea. Attending, the Coastal and Maritime Surveillance Africa (CAMSA) summit March 17-20 in Accra, will include Ghana's Vice President, Minister of Defense and Chiefs of all military services. Admirals from the EU…
Greek Frigate Joins EU Counter Piracy Operation
Hellenic Navy warship, HS Psara joined EU Naval Force Somalia, Operation Atalanta Wednesday, February 20. The Greek Navy frigate left the Salamina Naval Base on Thursday, February 13. HS Psara will be part of the EU’s counter-piracy operation in the Horn of Africa and Western Indian Ocean for a period of three months. The warship previously participated in EU Naval Force between December 2008 to April 2009. HS Psara is a Hydra class frigate and was commissioned into the Greek Navy in 1998.
DP World Invests in London Gateway
The Lord Mayor of the City of London, Fiona Woolf, welcomed the foreign direct investment by Dubai’s DP World into London Gateway, while visiting the recently opened deep-sea container port and Europe’s largest logistics park. During her visit, the Lord Mayor, climbed one of the world’s largest quay cranes to have an elevated view of the massive three square mile site, where work is underway for a Common User Facility and other proposed distribution centers.
Intelsat Reports 2013 Results
Fourth quarter net income attributable to Intelsat S.A. Intelsat S.A. has reported total revenue of $642.8 million and net income attributable to Intelsat S.A. of $72.6 million, or $0.62 per share on a diluted basis, for the three months ended December 31, 2013. The company reported adjusted diluted net income per common share1 of $0.84 for the three months ended December 31, 2013. Intelsat S.A. reported EBITDA1…
Two Found Dead on "Captain Philips" Ship
According to multiple published reports including Reuters, two U.S. security workers were found dead on the Maersk Alabama, a ship made famous by the Hollywood movie "Captain Phillips" in 2013. The two men apparently were found dead in a cabin on board the vessel in the afternoon of February 18 in Port of Victoria in the Seychelles. Both reportedly had beeen on board since 29 January. The Trident Group…
The FLNG Market is Poised for Growth
There are many different views on the future of energy supplies, but strong agreement in two areas; over the next 25 years or so population growth and GDP growth in the developing economies, particularly China and India, will drive global energy demand to increase by some 50% and second; while oil’s share of the energy mix will decline, the largest growth will be in consumption of natural gas. Why?
Bulletproof Crewboats Delivered in Nigeria
Incat Crowther is pleased to announce that Veecraft Marine has delivered a pair of 20m Monohull Crewboats and signed a contract to build a 30m Wave Piercing Catamaran Crew Boat. Hot on the heels of delivering Magen Defender and Masud Defender, the hard-working South African yard has commenced construction of a 30m Wave Piercing Catamaran Crew Boat for Africa Diving Service Ltd. of Nigeria. The recently delivered 20m Monohull Crewboats are based on the proven platform of 2011’s Ahuva…
MOL Sign Methanol Carrier Deal with AMPCO
Mitsui O.S.K. Lines, Ltd. (MOL) say they have received a newbuilding charter contract for two methanol carriers from Atlantic Methanol Production Company LLC (AMPCO) based on an offer tendered in 2013. The vessels will be built at Minaminippon Shipbuilding Co., Ltd. The ships will operate under a long-term charter and the new contract will play a vital role in MOL's strategy of strengthening long-term business.
Floating Production Market Forecast
Today, 319 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 65% of the existing systems, 74% of systems on order. Another 25 floating LNG processing systems are in service or on order. Liquefaction floaters account for 12%, regasification floaters 88%. No liquefaction floaters are yet in service – all three are on order. In addition, 101 floating storage units are in service, on order or available.