Financing Offshore Ventures in Today’s Economic Climate
Regardless of today’s economic and financial reality, wealth creation and oil prosperity go hand in hand. While the medium to long term prospects are good, it is…
The Marine Industry and LNG
Several years ago many people in the marine industry either did not know about LNG or did not think that it would amount to anything worth more than a passing interest. At that time there were just four LNG import terminals in the and even they were underutilized. Today there are eight LNG import terminals in operation with two more slated for their first “cool down” shipments this year or early next year.
Deepwater Horizon—Further proof that oil and water don’t mix
Maritime Reporter invited Carleen Lyden-Kluss, Co-Founder and Executive Director of the North American Marine Environment Protection Association to provide an overview…
Random Roamings within the Moran Fleet
We all appreciated Don Sutherland's celebration of the 150 years of Moran towing (Maritime Reporter & Engineering News, April 2010). It was an exciting collection of vignettes on the life of the company and of its founder, Michael Moran. There were many other aspects of that remarkable company and of its equally remarkable founder that might further inform, if not entertain, the readers of Maritime Reporter.
ClassNK Opens Three New Offices
Nippon Kaiji Kyokai (ClassNK) announced the opening of three new surveyor offices in Tartous, Syria; Callao, Peru; and Sibu, Malaysia, signalling the classification…
Project Report: Sheringham Shoal Goes Offshore
On June 24, the first foundation was installed at sea for the Sheringham Shoal offshore wind project. Construction work on land is already well underway, and the 88-turbine wind farm is scheduled to start operation in 2011. The first of 90 monopile foundations was installed off the Norfolk coast by the heavy lift vessel “Svanen”. Over the next nine months, the vessel will install the remaining 89 foundations ready for the mounting of two substations and 88 wind turbines.
Rep. Markey Debuts “Stop Oil Spills” (SOS) Bill
Rep. Edward J. Markey (D-Mass.) last week introduced the “Stop Oil Spills Act,” a bill to fund research into new oil spill prevention and response technologies. Following BP CEO Tony Hayward’s admission that his company did not have a “tool-kit” to respond to a sizeable spill from a deep-water well, Markey introduced the bill to create a research program to develop 21st century oil safety and spill response technologies.
MISC Unit Buys 4 Tankers
MISC Bhd said its wholly-owned unit, AET Inc Ltd, signed a contract with Samsung Heavy Industries for the purchase of four new 158,500-dwt Suezmax tankers at a cost of $67.8m each…
Beijing Plan to Scrap Old Ships
China will provide subsidies to help shipping companies retire ageing oil tankers and some single-hull ships before they would normally be taken out of service, a move that will affect 2…
Thoma-Sea Wins Navy Deal
Thoma-Sea Shipbuilders of Lockport reportedly won a $7.3m contract to build a Catamaran Hull Hydrographic Survey Vessel for the government of Oman, according to a report on www.brahmand.com.
Westport Shipyard Launches Composite 43m Cutter
Westport’s launch of the Global Response Cutter (GRC-43) from its composite patrol vessel series (CPV) represents a significant milestone while marking a return to the company’s commercial roots. The composite GRC-43 offers many advantages to the world’s Coast Guards and Navy’s over aluminum and steel builds, including but not limited to superior weight to strength/distinct thermal advantages/non-corrosive…
Acceptance Test on First LM2500 Gas Turbine for RAN
GE Marine reports that it has successfully completed acceptance testing on the first LM2500 aeroderivative marine gas turbine for the Royal Australian Navy’s (RAN) Air Warfare Destroyer (AWD). GE will supply ASC, Adelaide, Australia -- the shipbuilder in the AWD Alliance -- with six LM2500 gas turbines to power three RAN advanced AWDs. Each Hobart class AWD will feature two LM2500s configured into a COmbined Diesel And Gas turbine arrangement with two diesel engines.
EPA Releases Toxicity Testing Data for Eight Oil Dispersants
The US Environmental Protection Agency (EPA) released peer reviewed results from the first round of its own independent toxicity testing on eight oil dispersants.
ABB Azipod: Performance in Harsh Environs
ABB received an endorsement from two leading Russian customers on the performance of Azipod propulsion in the harshest environments in the marine sector. The impending…
China Shipping-Jumbo Heavy Lift Open China Office
China Shipping-Jumbo Heavy Lift Co. Ltd., a joint venture between Jumbo Shipping and China Shipping, has opened a Representative Office in Beijing, China, Together with its office in Shanghai…
Aker Solutions, Statoil Sign Agreement
Statoil awarded Aker Solutions a frame agreement for maintenance and modifications on their offshore installations Snorre A/B, Gullfaks A/B/C, Visund and Åsgard A/B in Norway.
GL Issues First EEDI Certificate
The first-ever Energy Efficiency Design Index (EEDI) certification for a large container vessel owned and operated by Hapag-Lloyd has been conducted by Germanischer Lloyd (GL).
Unique MSC Ship Trains to Deliver Fuel
The crew of Military Sealift Command (MSC) offshore petroleum distribution system ship MV Vice Adm. K.R. Wheeler trained recently to do something that no other ship in the world can do: pump fuel to shore from a tanker as far as eight miles out to sea. The training took place June 21-26 off the coast of Pohang, Republic of Korea, and gave the ship's crew, operators and shoreside support personnel an opportunity to practice the first and final phases of a complex evolution that allows the unique…
Korea: No.1 in Global Shipbuilding
Korea's shipbuilding industry is on a roll as it secured the top spot in the global market in the first quarter of this year.
36-Ton Anchor Delivered
A 36-ton anchor belonging to a historic ship, once the world’s largest, has been transported by Wilhelmsen Ships Service from Gujarat and has just arrived in Hong Kong, to be placed as the centrepiece in the new Hong Kong Maritime Museum. Wilhelmsen Ships Service Hong Kong was approached by the Norwegian ambassador in Guangzhou in early February to arrange the transportation of the anchor of the Jahre Viking/Seawise Giant which was scrapped in India this year.