Technip Bags Statoil's Umbilical Supply Contract
Technip’s wholly-owned subsidiary Technip Umbilicals Ltd.(1) has been awarded a contract by Statoil ASA to supply the umbilical(2) to the Oseberg Vestflanken 2 field offshore Norway. This field is located approximately 8 kilometers North West of the Oseberg field center at block 30/9-30/6 on the Norwegian continental shelf, at water depths of 100 meters. The contract covers project management, engineering and manufacture of over 9 kilometers of static steel tube umbilical.
Mount Whitney Makes History
USS Mount Whitney (LCC 20), the U.S. 6th Fleet flagship, made history today as the first amphibious command ship to have an MV-22B Osprey land on its flight deck, May 23, 2016. The MV-22B and crew are part of Marine Medium Tiltrotor Squadron 263 (VMM-263), “The Thunder Chickens,” based out of Marine Corps Air Station, New River in Jacksonville, North Carolina. The aircraft, “Thunder 00,” successfully executed four starboard and three port landings…
Nordic Shipholding Profits below Market Expectations
For the 3 months ended 31 March 2016, Nordic Shipholding A/S generated a profit after tax of USD 1.5 million, compared to USD 2.7 million in the same quarter last year. The average daily TCE rate earned by the vessels in the Handytankers Pool was below the forecasted daily rate, and also lower than the rates earned during the same period in 2015, whilst the LR1 vessel (Nordic Anne) tracked the forecasted daily rate.
Singapore Exchange in Talks to buy Baltic Exchange
Baltic Exchange privately owned by 380 shareholders. The Singapore Exchange (SGX) is in exclusive talks to buy London's Baltic Exchange, which has been at the heart…
CMA CGM Proceeds with NOL Takeover after China Okay
CMA CGM, the world's third-largest container shipping firm, is to go ahead with its planned acquisition of Singapore's Neptune Orient Lines (NOL) after receiving regulatory clearance from China, the French group said. CMA CGM received on Wednesday confirmation of the deal's approval by the anti-monopoly Bureau of the Chinese Ministry of Commerce (MOFCOM), it said in a statement. "With regulatory approvals…
Kongsberg Tech for Peruvian Arctic Research Vessel
Kongsberg Maritime has been chosen to deliver an integrated subsea technology systems package including two HUGIN Autonomous Underwater Vehicles (AUV) for a new Peruvian Navy Hydrographic & Oceanographic research vessel. The 97 meter BAP Carrasco’is built at Construcciones Navales P. Freire shipyard in Vigo, Spain. The advanced new research ship will have Polar capability and be classified with PC7 notation to perform research in Peruvian waters…
New Connections for France, Port of Rotterdam
With the launch of a new rail shuttle and inland shipping link, connections between Northern France and the port of Rotterdam are now better than ever. Five times a week, a train leaves Rotterdam for Dourges, and the inland shipping schedule also includes a number of departures per week. These connections, which were launched this spring, serve as a hub from and to other destinations in the South of France.
Commodities Shipping Firms Struggle to Ride Out Worst Downturn
Shipping companies transporting coal, and iron ore and other commodities are urgently seeking ways to conserve cash and withstand the worst market downturn on record…
Baltic Index Down on Lower Demand for Larger Vessels
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday hurt by sluggish demand for large vessel sizes.
ClassNK Updates Steel Ships Survey/Construction Guide
Classification society ClassNK has released printed versions of its 2016 Rules and Guidance for the Survey and Construction of Steel Ships. ClassNK regularly reviews…
Naviera Nabia Orders Newbuild from Gondan
Gondan Shipyard signed a new contract for the construction of a new vessel for Naviera Nabia, part of Acuña Group, from Bueu (Pontevedra-Spain). This new catamaran will operate passenger routes near the Ria of Vigo. The deal was signed at the At the Navalia 2016 Exhibition and was attended by María Jesús Otero Acuña, manager of Acuña Group, and from the shipbuilding company, Álvaro Platero Díaz, President of Gondan Shipyard…
SOLAS Container Weight Requirements FAQ
With new rules regarding the declaration of the accurate gross mass of a packed containers due to enter force, the International Maritime Organization (IMO) answers the industry’s frequently asked questions (FAQ). What are the new rules? On July 1, 2016, new requirements to verify the gross mass of a packed container enter into force under the International Convention for the Safety of Life at Sea (SOLAS).
Statoil Says Sees European Gas Prices Bottoming Out
Norway's Statoil does not expect European gas prices to fall much further as rising demand from the power generation sector would offset an expected increase in liquefied natural gas (LNG) supply…
Danish Maritime Days Themes Announced
Four themes at this year’s Danish Maritime Days will highlight some of the most important challenges and opportunities which the global maritime industry is facing, organizers said.
Overcrowded Migrant Boat Flips, Five Dead
A large wooden fishing boat overcrowded with migrants capsized off the coast of Libya, the Italian navy said on Wednesday, with some 562 people rescued and five found dead.
Danelec Bags Multiple VDR Orders in Middle East
Danelec Marine, along with distribution partner Elcome International, is to supply Danelec DM100 Voyage Data Recorders (VDRs) for 14 ships in the Middle East. The…
STX Shipbuilding Likely to Enter Court-lead Restructuring
South Korean shipbuilder STX Offshore & Shipbuilding Co Ltd will likely need to enter court-supervised receivership due to financial difficulties, the firm's lead creditor Korea Development Bank said on Wednesday. STX Offshore's creditors took control of the company in 2013 after the shipbuilder was hit by falling ship prices following the global financial crisis. A Korea Development Bank spokesman…
Davie Begins First Resolve-Class AOR Conversion
Davie Shipbuilding has cut first steel for the Resolve Class Auxiliary Oiler Replenishment vessel. The project consists of converting a containership into an Auxiliary Oiler Replenishment (AOR) ship to support the operations of the Royal Canadian Navy. This type of conversion has already been performed a number of times by international navies. “Today’s ceremony shows Davie at its best. We are uniquely…
Fleet Week Underway in New York
Now in its 28th year, New York Fleet Week has commenced, with ships from the U.S. Navy, U.S. Coast Guard and Royal Canadian Navy sailing into New York Harbor. The weeklong Fleet Week celebration has been held nearly every year since 1984, providing an opportunity for New Yorkers to witness firsthand the capabilities of today’s maritime services, as well as meet sailors, marines and coastguardsmen.
Guinean Sailors Arrested after Clash with Sierra Leone Navy
Sierra Leone was holding 11 Guineans including military personnel in custody on Wednesday following a confrontation at sea involving the two West African neighbours' navies…