PDVSA's Cardon Refinery Slowed by Equipment Outages
Venezuela's state oil company PDVSA said its 310,000 barrel-per-day Cardon refinery was hit by an electrical fault during a weekend storm, resulting in the halting of some units.
Songa Beats Street, But Sees Market Weakness Ahead
Norwegian rig company Songa Offshore reported a forecast-beating core profit for the third quarter although it said weak demand for drilling rigs would remain subdued into 2015 before picking up from late 2016. The company's shares rose 5.8 percent on the better-than-expected earnings by 1200 GMT, outperforming a 1 percent rise on the Oslo benchmark. Songa, which operates three rigs under long-term contract with oil and gas firm Statoil and expects delivery of four new vessels next year…
Hamburg Süd Raises Goal for CO2e Reduction
Hamburg Süd has achieved its environmental goal of reducing the CO2e emissions of its fleet by 26% by the year 2020, compared to 2009, well ahead of schedule. This is due to a number of measures. These include investments in the energy efficiency of the shipping company’s own ships, the expansion of the average ship size within the newbuilding program, the chartering of energy-efficient ships and the further optimization of vessel deployment.
Kongsberg Maritime Launches K-Sim Navigation
Kongsberg Maritime has unveiled its latest generation ship’s bridge simulator, K-Sim Navigation, which meets the requirements of the most demanding navigation training for merchant, offshore and naval vessels. Designed for the future of advanced and integrated simulation training, K-Sim Navigation is based on a new cutting-edge technology platform enabling more realistic training scenarios and enhanced user benefits for both instructors and students.
Diana Buys Another Containership
Diana Containerships Inc. (NASDAQ: DCIX), said that on November 5, 2014, it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase from an unaffiliated third party a 2005-built Post-Panamax container vessel of approximately 5,000 TEU capacity, the m/v “Santa Pamina”, for a purchase price of $15.95 million. The vessel is expected to be delivered to the Company from the sellers by the end of November, 2014.
Damen Delivers Tug for Scrabster Harbor
Scrabster Harbor Trust (UK) has taken delivery of a new harbor tug / workboat, a Damen Stan Tug 1606. The vessel, named Highlanders, will replace itscurrent workboat which was built in 1976. The new tug will undertake pilotage, towing, general harbour and maintenance duties. Scrabster Harbour in northern Scotland is attracting much larger vessels and cargoes in need of larger tugs for their assistance.
WHOI: Fukushima Radioactivity Detected Off West Coast
Monitoring efforts along the Pacific Coast of the U.S. and Canada have detected the presence of small amounts of radioactivity from the 2011 Fukushima Dai-ichi Nuclear…
LR 's Sadler Wins Maritime Fellowship Award
Richard Sadler, CEO of Lloyd’s Register Group Ltd (LR), was honored with the Maritime Fellowship Award at the Maritime Foundation’s Maritime Media Awards. The Maritime Foundation is a charity promoting Britain’s interests across the entire maritime sector. Its purpose is to inform and raise public and parliamentary awareness of the importance of Britain’s maritime industries, commerce and defense through education…
As Oil Prices Drop, Rigs Go Off-Line
Transocean Ltd, the owner of the world's largest offshore drilling fleet, said it was likely to retire additional rigs as the company continued to face pressure due to slowdown in an oversupplied rig market. The drilling contractor's shares rose as much as 3 percent in early trading after the company reported better-than-expected quarterly results on Monday. The recent slide in oil prices has weighed on demand for offshore services as oil and gas producers cut costs.
Boskalis Takes a Stake in Fugro
European stocks inched higher on Monday as acquisition hopes fuelled gains for oil services firms after Dutch group Boskalis took a stake in Fugro. Fugro jumped…
Cotton, Cox, Harris Receive '14 AOTOS Awards
The United Seamen's Service (USS) 2014 Admiral of the Ocean Sea Awards (AOTOS) were presented to Stephen Cotton, General Secretary of the International Transport Workers' Federation (ITF); Joseph J. Cox, President/CEO, Chamber of Shipping of America; and Frederick J. Harris, President of General Dynamics NASSCO and Bath Iron Works, an American shipbuilder. The maritime industry's most prestigious awards…
They Said It ... Paul N. Jaenichen, U.S. Maritime Administrator
"Billions of dollars are being invested to meet the demands of oil production, and nearly 30 large, self-propelled, oceangoing Jones Act-eligible tankers and containerships are under construction or are on-order at U.S. Shipyards. Although times are good, throughout history, shipbuilding has followed a very cyclical pattern. Right now we are experiencing a big upswing in smaller vessels, offshore supply vessels, and large commercial ships.
MR Interview: Erik Ceuppens, SVP, Satellite Communications, Airbus Defense & Space CIS
Transformation in the maritime communication sector continues, as Airbus Defense and Space announces plans to sell its commercial satellite communications business. MR spoke with Erik Ceuppens, SVP, Satellite Communications, Airbus Defense & Space Communications, Intelligence & Security (CIS), to help put the development in perspective. The maritime communications sector has been in near continual flux for nearly two decades, with merger and acquisition activity a constant.
Cutter Suction Dredge CSD500 from Damen
A Nigerian customer added its ninth Damen dredger to its fleet. The Cutter Suction Dredger type CSD500 was chosen due to the availability of Damen Field Services in Nigeria, the builder said, adding that the local presence was even more practical in view of the challenging assembly conditions. For Damen’s Service Hub Nigeria this job is one of the first successes. Damen Shipyards Group usually has a spares-stock available in Nigeria for standard dredgers such as the CSD500.
Quantitative Risk Analysis for LNG Terminals
Widescale Development of LNG Bunkering is Expected. Lloyd’s Register recently conducted a survey that indicated that the majority of major ports around the world are either planning for, or are anticipating, the widescale development of LNG bunkering. One of the locations is the Port of Rotterdam, which is a busy port with dense traffic on the various waterways consisting of both maritime and inland vessels.
Offshore Supply Vessels: The U.S. Can Compete
After all, the industry was created in America ... it is only appropriate that the United States dominate it again. Offshore supply vessels (OSVs), also known as platform supply vessels (PSVs)…
Senate Panel Ponders Expedited LNG Export Reviews
U.S. lawmakers on the Senate Energy Committee will vote on a bill this week aimed at speeding up the Department of Energy's review of liquefied natural gas export applications. The panel will weigh a bill introduced by Senator John Hoeven, Republican of North Dakota, over the summer that would require the DOE to issue a decision on gas export projects within 45 days after companies have filed an application with the Federal Energy Regulatory Commission.
Vard 3Q: Higher Revenues, Solid Order Book
18.5% increase in 3Q revenue, and 4.5% increase in 9M revenue from same periods in 2013. Vard Holdings Limited (“VARD”, and together with its subsidiaries, the “Group”)…
USCG Warns on Hull Magnet Modifications
This alert raises awareness as to the importance of not modifying equipment or components from their intended design or operation. Recently, a State Pilot suffered a concussion as he was boarding a vessel via its pilot ladder. The primary cause of the accident was an improperly modified embarkation ladder hull magnet that disconnected from the ship's hull and struck the Pilot on the head. Unfortunately, this was not an isolated incident.
Leavitt tapped to head Northrop Grumman Maritime Systems Business
Northrop Grumman Corporation (NYSE: NOC) named Todd Leavitt, vice president of the company's Maritime Systems business unit, effective immediately. Leavitt will…