Signing News

ABS and U.S. Department of Energy (DOE) are to collaborate on clean energy development in the maritime domain and decarbonization of maritime operations after signing a new memorandum of understanding (MOU).The agreement between the DOE’s Office of Energy Efficiency and Renewable Energy (EERE) and ABS is designed to leverage experience and capabilities from both organizations to support emissions reduction initiatives that benefit the maritime industry.“This new agreement allows…

Malaysia’s MISC Group has entered into time charter party (TCP) and shipbuilding contracts for the development of world’s first two ammonia dual-fuel Aframax oil tankers.The TCP contract has been signed with Petronas' PETCO Trading Labuan Company (PTLCL), through MISC Group's petroleum arm AET.Using these vessels, PTLCL will be able to transport its products to customers around the world while contributing to the industry decarbonization by utilizing ammonia as the cleaner alternative…

Norwegian shipyard Myklebust Verft has been selected to build a pair of innovative hydrogen-powered passenger ferries ordered by Norwegian transport company Torghatten Nord.The design, produced by The Norwegian Ship Design Company for operations in the challenging waters of the Vestfjordstrekninga fjord in the Arctic Circle, received approval in principle (AIP) in August 2022 from Lloyd's Register, who has signed on to class the first-of-their-kind vessels.At 117 meters long with a 120-car capacity…

MAN Energy Solutions and Svitzer have signed a Memorandum of Understanding (MoU) focused on the development of a methanol-fuelled version of the MAN 175D engine. Designated 175DF-M (Dual Fuel-Methanol), the MoU targets the finalisation of a field-test agreement based on which a dual-fuel engine and plant equipment will be installed on board one of Svitzer’s newbuild tugs.Svitzer has a long-standing relationship with MAN Energy Solutions, especially recently with the MAN 175D engine.

Fiji will strike a deal with Australia to upgrade ports and shipbuilding infrastructure, months after its prime minister said it was likely to partner with China on the project, the government of the Pacific Islands nation said on Thursday.Fiji's government said its cabinet had agreed to enter into a memorandum of understanding with Australia for the project, after Australia committed to financing."The revival of the shipbuilding industry in Fiji has been articulated as a key priority…

One of the largest port-infrastructure companies Euroports and Spanish offshore wind developer BlueFloat Energy have signed a memorandum of understanding (MoU) to foster cooperation in supply chain and ports infrastructure for the delivery of offshore wind in Europe.The strategic alliance marks a significant step forward in building capabilities and infrastructure critical to establish an offshore wind energy sector.Euroports, with its distinguished reputation as a premier offshore wind port operator…

Saipem and Fincantieri have signed a memorandum of understanding (MoU) to evaluate commercial and industrial opportunities for cooperation in the field of autonomous subsea vehicles (AUV) and their integration with surface and underwater units.The MoU is among the initiatives aimed at promoting and developing Italy’s national excellence in the underwater sector.The agreement aims to enable the two companies to participate in major programs in the Italian and international markets in the area of surveillance and control of critical underwater infrastructure and rescue activities…

MAN Energy Solutions and China Classification Society (CCS) signed a sub-agreement in line with the Strategic Framework Agreement (SFA) the two parties previously agreed in September 2023 in Beijing. The SFA, on ‘Decarbonization and Digitalization in the maritime industry’, is scheduled to last for five years.The new sub-agreement – the third such between the companies – covers MAN Energy Solutions’ new MAN L21/31DF-M (Dual-Fuel Methanol) GenSet designed at the company’s Danish site in Holeby.

New York officials on Thursday awarded provisional contracts to two proposed offshore wind projects under a program meant to support the embattled industry and keep the state's clean energy goals on track.The state selected a planned 810-megawatt project, Empire Wind 1, (developed by Equinor) and Sunrise Wind, a planned 924-megawatt project (developed by Orsted and Eversource).The closely watched solicitation by the New York State Energy Research and Development Authority (NYSERDA)…

Danish vessel owner Esvagt and South Korea-based shipping company KMC Line have formed strategic partnership to cooperate on offshore wind opportunities in the East Asian country.A new collaboration between Esvagt and KMC Line, formalized through the signing of the letter of intent, is aiming to unlock the considerable potential in South Korean offshore wind industry.Combining the two shipping companies' respective strengths is the new partnership's strongest card to secure a significant market position in the developing offshore value chain in the country…

Glasgow-headquartered subsea specialist Sulmara has signed a three-year deal with Atlantic Offshore to charter the DP II multi-purpose support vessel Ocean Marlin, that will undergo substantial refitting to accommodate the needs of renewable energy sector.As part of the contract, Sulmara, who earlier in February announced the signing of a Master Service Agreement with Asso.subsea, will undertake a substantial refit of the emergency response rescue vessel (ERRV) to transform it for use in the renewables sector.The refit will include the installation of class-leading survey equipment…

A dredging and sand replenishment project at Southern California's Solana Beach is about halfway complete, the U.S. Army Corps of Engineers said.The project, which reduces coastal storm damage and erosion along a 7,200-foot-long stretch of shoreline, includes construction of a 150-foot-wide beach fill using 700,000 cubic yards of compatible sediment.Operations started Jan. 17 and are on schedule to wrap up in mid-March, according to Caleb Lodge, coastal engineer with the Corps' Los Angeles District.“They’re doing about seven or eight loads a day…

Nashville-based Ingram Barge Company announced it has formed a new material handling and supply chain solutions subsidiary, Ingram Infrastructure Group.The move, fueled by the company's acquisitions of Inland River Transport Holdings (SCF) and NexStar Solutions, is intended to enhance Ingram's end-to-end supply chain solutions capabilities.Ingram acquired integrated river transportation and logistics services provider SCF from SEACOR Holdings following the signing of a purchase agreement last October.Ingram currently operates across more than 4,500 miles of the U.S.

Thordon Bearings reports it has secured a second major Mexican Navy contract for the supply of its water-lubricated SXL wear rings for retrofit installation to the waterjet propulsion nozzles on 25 interceptor patrol vessels.The contract follows the success of extensive trials in which the SXL material replaced the use of other anti-corrosive coatings in waterjet impeller housings, resulting in increased resistance to cavitation induced corrosion.Rotary Parts, Thordon’s authorized distributor in Mexico, is supplying the housings for 25 Polaris and Polaris II fast patrol boats.

Norwegian shipbuilder Ulstein Verft and Nexans Marine Operations have marked the start of construction of a new DP3 cable-laying vessel (CLV) Nexans Aurora in a steel cutting ceremony held on January 19, 2024.Four months after signing the shipbuilding contract, Nexans Marine Operations and Ulstein Verft officially started he construction of Nexans’ next cable laying vessel.Attending the steel cutting ceremony at the Crist hull yard were representatives from Nexans, Ulstein Verft…

Italy would like a political decision made to create an EU maritime security mission for the Red Sea by next week so that it can become operational as soon as possible, its foreign minister said on Wednesday.European Union member states gave initial backing on Tuesday to the mission to protect ships from attacks by Yemen's Iran-aligned Houthi militia in the Red Sea on concern that disruption in one of the world's top trading arteries could hit the global economy.A U.S.-led mission is already operating in the region.The objective of EU states was to establish their mission by Feb.

SAFE Boats International (SBI) reports it signed a contract with the Royal Bahamas Defense Force (RBDF), adding another four 41-foot Interceptors to its current fleet of existing SAFE Boat vessels.This latest contract, signed January 11, is the result of collaborating efforts over the past three years between RBDF and SBI, the Pacific Northwest boatbuilder said. This contract is a fully funded, direct purchase by the RBDF to supply four vessels, trailers and support vehicles.Signing the contract for the Bahamian government was the Honorable Wayne Munroe…

Turkey, Romania and Bulgaria signed an agreement on Thursday on a joint plan to clear mines floating in the Black Sea as a result of the war in Ukraine, following months of talks between the NATO allies.Turkish Defense Minister Yasar Guler, his Romanian counterpart Angel Tilvar and Bulgaria's Deputy Defence Minister Atanas Zapryanov signed a memorandum of understanding in Istanbul to form a trilateral initiative to clear the explosives."With the start of the war, a threat of floating mines in the Black Sea has arisen. To combat it ...

Japanese shipping major Mitsui O.S.K. Lines has signed a time charter contract for the ammonia carrier Green Pioneer with Yara Clean Ammonia Switzerland, a group company of Yara International.The vessel was delivered on December 25,2023 and is expected to be engaged in the transportation of ammonia, mainly in the Pacific region.Ammonia is now mainly used as a raw material for fertilizers, but it is expected to see a significant increase in demand in the future as a next-generation clean energy that does not emit carbon dioxide when burned…

Landlocked Ethiopia signed an initial agreement with Somalia's breakaway region of Somaliland on Monday to use its Red Sea port of Berbera, Prime Minister Abiy Ahmed's office said.The Horn of Africa country currently relies on neighbouring Djibouti for most of its maritime trade."This has been now agreed with our Somaliland brothers and an MoU (Memorandum of Understanding) has been signed today," Abiy said at the signing ceremony with Somaliland President Muse Bihi Abdi in the Ethiopian capital…

Esgian's last roundup of the year for the Week 52 puts spotlight on new developments for Dolphin Drilling semisub, Seadrill drillships, as well as Shell’s plans for Australia and ONGC’s new tender for jackups in India.ContractsDolphin Drilling has signed a Letter of Intent (LOI) with an undisclosed operator for the 1,500-ft semisubmersible Borgland Dolphin to undertake a 500-day drilling campaign in the UK. The drilling campaign is planned to begin directly after the firm part of the contract period with EnQuest, which was announced in late November 2023.

ABS joined Garden Reach Shipbuilders and Engineers (GRSE), Seatech Solutions International and Shift Clean Energy in signing a memorandum of understanding (MoU) to develop electric tugboats, part of an initiative to achieve India’s goal of becoming the ‘Global Hub for Green Shipbuilding’ by 2030.The proposed E-VOLT 50 tug aims to reduce carbon emissions, improve operational efficiency and set new benchmarks for performance and environmental sustainability in the tugboat industry.GRSE will build the platform based on the design from Seatech, and Shift will provide energy storage solutions.

At COP28, the Maritime and Port Authority of Singapore (MPA), Port of Los Angeles and Port of Long Beach unveiled a strategy for a green and digital shipping corridor across the Pacific Ocean.The strategy follows the signing of a memorandum of understanding by MPA, Port of Los Angeles and Port of Long Beach during Singapore Maritime Week in April 2023. The signing formalized the partnership, which is supported by C40 Cities, with the aim of establishing a green and digital shipping…