Hercules News

The Iran war has threatened Gulf ports and disrupted global trade through the Strait of Hormuz, a vital waterway through which roughly a fifth of the world's oil and liquefied natural gas normally passes.Iran's Revolutionary Guards have warned that ships passing through the narrow Strait will be targeted, after the U.S. and Israel launched strikes on the country on February 28.Below is a list of reported attacks:MARCH 1A crew member was killed on board Marshall Islands-flagged crude tanker MKD VYOM after it was hit by a projectile as the vessel sailed off the Omani coast…

Damen Shipyards Group client Arrendadora Continental has been awarded a contract by the Port Authority of Puerto Quetzal to operate an additional tug, making a total of six tugs operating in the harbor on Guatemala’s Pacific coast. To fullfil its contractual responsibilities, the company will take delivery of a Damen ASD Tug 2312 later this year. The company is the largest tug operator in Guatemala. When this latest vessel is delivered, Arrendadora Continental will operate four vessels in the country.

The U.S.-Israeli war on Iran has threatened Gulf ports and disrupted global trade through the Strait of Hormuz, a vital waterway through which roughly a fifth of the world's oil and liquefied natural gas normally passes. Iran's Revolutionary Guards have warned that any ship passing through the narrow Strait will be targeted.Below is a list of reported attacks since the U.S.-Israeli war on Iran started on February 28:MARCH 1A crew member was killed on board Marshall Islands-flagged crude tanker MKD VYOM after it was hit by a projectile as the vessel sailed off the Omani coast…

Insurance companies are cancelling war risk coverage for vessels in the Gulf as the widening Iran conflict disrupted shipping, leaving at least four tankers damaged, two seafarers killed and 150 ships stranded around the Strait of Hormuz.Shipping through the strait between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of gas, has ground to a near halt after vessels in the area were hit as Iran retaliated to U.S. and Israeli strikes.The disruption and fears of prolonged closure have caused oil and European natural gas prices to jump…

Acta Pegasus was delivered to Acta Marine, its fourth Walk-to-Work (W2W) vessel, a DP2 Construction Service Operation Vessel (CSOV).Acta Pegasus is one of four newbuild vessels currently under construction for Acta Marine at Tersan Shipyard in Turkey. The vessel can accommodate up to 135 persons and is equipped with advanced offshore access and lifting systems, including a 3D motion-compensated SMST gangway and a 3D-compensated crane. In line with Acta Marine’s sustainability ambitions…

Norwegian offshore vessel owner and subsea services provider DOF Group has secured two contracts for its vessels and services in the Asia-Pacific (APAC) region.DOF signed a three-year frame agreement for the provision of subsea inspection, maintenance and repair services with associated assets in the APAC region.A call off under the contract has also been confirmed and will utilize DSV Skandi Singapore and all related diver-less subsea services on a brownfield tieback campaign…

SFL posts Q3 2025 revenue of $178 million and net income of $8.6 million; declares 87th consecutive quarterly dividend of $0.20 per share.Contracted charter backlog reaches $4 billion with a weighted average term of 6.5 years, two-thirds backed by investment-grade clients.Fleet optimization and $100 million in vessel efficiency and LNG dual-fuel investments underscore SFL’s long-term sustainability strategy.SFL Corporation Ltd. reported third-quarter 2025 operating revenues of $178 million and net income of $8.6 million…

Swiss marine power company WinGD will offer the first ethanol-fueled two-stroke marine engine next year, with deliveries for newbuild and retrofit applications starting in 2027.The announcement follows a decade of investigation into ethanol fuel, including full-scale engine tests in 2018, and the successful launch of a methanol-fueled engine that uses the same combustion concept and is subject to the same safety regulations as the new ethanol engine.The new engine will be adapted from the X DF-M methanol-fueled engine…

Everett Ship Repair, LLC (ESR), a provider of ship repair and conversion services in the Pacific Northwest, announced the acquisition of the floating dry-dock Hercules. The dry-dock was towed from San Diego by Baydelta using Delta Deanna, their tug built by Nichols Brothers Boat Builders. Hercules is now the largest dry-dock in Puget Sound and represents a milestone in ESR’s commitment to expanding regional ship repair capacity for commercial and government operators across the West Coast.The Hercules expands ESR’s capabilities…

Norwegian offshore supply vessel owner DOF Group has secured a contract award for moorings hook-up services in the Asia Pacific (APAC) region.The contract will use construction support vessel (CSV) Skandi Hercules with related mooring and subsea installation services.The scope of work includes DOF’s full suite of in-house project management, engineering, procurement and logistics support services.Offshore execution is scheduled in the first quarter of 2026, and the vessel utilization under the contract is expected to be approximately four weeks.According to DOF…

The U.S. Coast Guard responded to two Chinese research ships operating offshore Alaska between Sunday and Tuesday. In both instances, the Coast Guard Arctic District deployed USCGC Healy (WAGB-20) to monitor and query the vessels.An HC-130J Hercules fixed wing aircraft from Air Station Kodiak was also deployed Sunday to provide aerial support.On Tuesday, the Chinese-flagged research vessel JIDI was operating approximately 265 miles northwest of Utqiagvik, Alaska.On Sunday, August 31…

SFL Q2 net income of $1.5 mln beats analyst expectations, per LSEG data Adjusted EBITDA of $104 mln misses analyst estimates, per LSEG dataCompany says sold older vessels, increasing capital but reducing near-term cash flow SFL lowers dividend to $0.20 per share, from $0.27 per share in Q1, reflecting cash flow changesThe company sees market uncertainty impacting near-term results due to oil price volatility SFL optimistic about future employment for legacy drilling rig Hercules Company increasing capital for new investments by selling vesselsFLEET RENEWAL - SFL sold and redelivered older vessels, increasing available capital but reducing near-term cash flowCHARTER EXTENSIONS - Five-year time charter extension for three container vessels added $225 mln to backlogDRILLING RIG CHALLENGES - M

The U.S. Coast Guard has detected two Chinese research vessels operating in the U.S. Arctic and is currently monitoring five similar vessels in or near the U.S Arctic.On August 5, a C-130J Hercules fixed wing aircraft from Air Station Kodiak responded to the Chinese research vessels Ji Di and the Zhong Shan Da Xue Ji Di. Both vessels were transiting northeast in the Bering Sea.On August 6, the crew of U.S. Coast Guard Cutter Waesche (WMSL 751) again responded to the Zhong Shan Da Xue Ji Di as it was transiting north in the Chukchi Sea above the Arctic Circle…

The US Coast Guard rescued four people from a sinking tug in the Gulf of Alaska, Friday.Watchstanders at the Coast Guard Arctic District command center in Juneau received a report at approximately 10:17 a.m. that the 110-foot tug vessel Sea Ranger was taking on water 130 miles south of Cordova, Alaska.Watchstanders directed the launch of an HC-130 Super Hercules aircrew from Coast Guard Air Station Kodiak to respond. The aircrew located the vessel at approximately 1:08 p.m. and established communications with the crew.The vessel crew reported they were not in distress.

A salvage team has arrived at the scene of the burning car carrier Morning Midas, located approximately 220 miles south of Adak, Alaska.The US Coast Guard received the initial report of the fire Tuesday, June 3, at approximately 3:15 p.m. and has been working closely with Zodiac Maritime, the vessel's manager, to respond to the incident.The tug vessel, Gretchen Dunlap, arrived on scene with salvage personnel Monday afternoon and has begun a full assessment of the conditions on…

Nekkar’s subsidiary Techano Oceanlift has been awarded a contract by Hercules Supply to deliver an offshore crane for its multi-purpose support vessel (MPSV) newbuild, currently under construction at Fujian Mawei Shipyard.Techano Oceanlift will supply a 70-tonnes capacity crane capable of performing subsea construction work and topside lifting operations. The company’s scope of work includes engineering, manufacturing and commissioning of the crane.The 70-tonnes capacity knuckle boom crane is equipped with an active heave compensated (AHC) winch with 3…

Norwegian offshore supply vessel operator DOF Group has secured a contract for subsea mooring installation services in Western Australia.Under the contract, DOF will use Skandi Hercules construction support vessel (CSV) with for moorings and installation subsea services.The scope of work includes DOF’s in-house project management and engineering, procurement and logistics support services.Skandi Hercules CSV has two permanently installed WROV systems and a 250Te AHC craneOffshore…

Austal Philippines has delivered a 32-meter catamaran to Rottnest Fast Ferries, less than twelve months after commencing construction in Balamban, Cebu.The vessel, named ‘Ocean Master’, designed by Incat Crowther, was officially accepted by representatives from Rottnest Fast Ferries following the successful completion of sea trials in November 2024.President of Austal Asia, Wayne Murray said the delivery was yet another demonstration of the proven capability of the Austal Philippines shipyard to construct world-class vessels of high-level designs…

Austal Philippines delivered a 32m catamaran to Rottnest Fast Ferries, less than 12 months after commencing construction in Balamban, Cebu.Dubbed Ocean Master and designed by Incat Crowther, was officially accepted by representatives from Rottnest Fast Ferries following the successful completion of sea trials in November 2024.President of Austal Asia, Wayne Murray said “The Austal Philippines team have delivered this impressive new catamaran in less than 12 months - exceeding expectations for productivity…

Senesco Marine has launched its sixth Crew Transfer Vessel (CTV), the WindServe Spartan, which will put to service for United States’ growing offshore wind industry.WindServe Marine, a sister company to the Rhode Island shipbuilder Senesco Marine - both part of the Reinauer Group - will operate the CTV.“This state-of-the-art vessel is set to begin its important work off the coast, showcasing our commitment to excellence and innovation. A big shoutout to our incredible team for their hard work and dedication…

U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said."We're not going to see anybody in 'drill, baby, drill' mode," Liam Mallon, head of Exxon's upstream division, told the Energy Intelligence Forum conference in London."A radical change (in production) is unlikely because the vast majority, if not everybody, is focused on the economics of what they're doing," he said.

Marine fuels supplier Peninsula has spun off its shipping operation into a separate entity named Hercules Tanker Management (HTM), a Peninsula press release said on Wednesday, seeking to expand in the tanker freight sector.Hercules will take over Peninsula's vessel assets and operate as an independent ship owner, trading its vessels in tanker freight markets as well as continuing to service privately owned Peninsula's cargo and supply operations."Now, with a proper structure, equity assets, and a head of shipping, Hercules can handle chartering for both Peninsula and the broader market.

Norwegian offshore vessel operator DOF Group has secured a contract for subsea decommissioning services in the Asia-Pacific (APAC) region.The contract award includes project management, engineering, logistics support and execution of decommissioning activities utilizing Skandi Hercules vessel.The value of the contract has not been disclosed, but it is under $15 million, according to DOF.The offshore campaign will be conducted in Western Australian waters and is expected to commence in the fourth quarter of 2024 for approximately 50 days.“This award secures further backlog for the APAC region a