Dredger Delivered on Record Timeline
On Monday, September 19, a Damen CSD450 started winning sand at the Frisian motorway project contractor Van der Lee is working on, just days after the sales contract was signed the previous Thursday. The stock dredger was prepared for transport on Friday and towed to the north of the Netherlands over the weekend, so that it could make a flying start on the Monday. The stationary dredger, type CSD450, is a standard Damen dredger.
Statoil Cancels Rig Contact
Statoil decided to cancel the contract with Stena Drilling for the mobile rig Stena Don. The rig has been on contract to Statoil since February 7, 2014, performing operations for the Troll and Fram licences. The original contract termination date is February 7, 2017. The cancellation will take effect after the plugging activity on the Troll field has been completed, in early November. After this, Stena Don was committed to the Fram licence.
Sembcorp Marine Posts Q3 Loss
Singaporean rig builder Sembcorp Marine Ltd. posted a loss in the third quarter, hurt by higher financing costs and a fall in orders due to weak oil prices. The…
Costamare Defers Newbuild Vessel Delivery
Athens-based containership owner Costamare Inc. pushes back 11,000-teu newbuildings into 2017 as it reports strong third quarter figures which topped Wall Street expectations. It has agreed to postpone the deliveries of the remaining four newbuilding 11,010 TEU containerships, ordered through the company’s joint venture with York Capital. The four vessels, three of which were scheduled to join the company’s fleet in October 2016…
Team Navy Sailors Impress at Bathurst
Australian Navy made its mark in the sky and on the ground at this year’s Supercheap Auto Bathurst 1000 supercars race. Building on the year-round Team Navy technical sailor out-placement program with Prodrive Racing Australia, Navy also supported the event with helicopters adding to the spectacle. Three sailors – an electronics technician, an aviation maintainer and a marine technician - are spending a year applying their Navy trade skills to a motorsport environment.
Moody's: Ratings of Overseas Shipholding on Review for Downgrade
Moody's Investors Service, has placed the ratings of Overseas Shipholding Group, Inc. (OSG) under review for downgrade, including its B2 corporate family and Caa1 senior unsecured ratings, and the B1 and Ba2 senior secured debt ratings of its subsidiaries, OSG Bulk Ships, Inc. (OBS) and OSG International, Inc. (OIN). The review follows the company's announcement that its Board of Directors has approved…
IMO Climate Change Moves on Agenda
International Maritime Organization (IMO)’s Marine Environment Protection Committee (MEPC 70) is this week discussing proposals to adopt a mandatory regulation for…
Sagarmala: Revolutionizing Logistics Through Port Led Development
Sagarmala, the ambitious program for ‘Port-led development’ in the country is all set to change the logistics sector performance by optimizing India’s logistics modal mix.
Future Unmanned Naval Systems for MMCM Program
Thales, BAE Systems and their partner SAAB, ECA Group and ASV Global welcome the confirmation by the Organization for Joint Armament Cooperation (OCCAR) that the…
Intermodal terminal moves to Gothenburg Port
Plans are in place to move the freight terminal currently located in the central city of Gothenburg to the Port of Gothenburg. The switch will allow a higher proportion of transport by rail instead of road. At the intermodal terminal, in the city centre of Gothenburg, freight is transferred from rail to road and then distributed to companies throughout the region. At the beginning of 2018, the intermodal terminal will need to be moved to allow future development of the city.
DP World Volume Up 2.2%
DP World Limited handled 47.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2016, with gross container volumes growing by 2.2% on a reported basis, and up 1.0% on a like-for-like basis. Its European and Indian subcontinent terminals continue to deliver a robust performance, while conditions in Australia and Latin America remain challenging.
Rotterdam Port Throughput Slips
Compared to the excellent first three quarters of 2015 (+5.4%), cargo throughput in the same period this year fell by 1.9%. The decrease was particularly strong in coal and iron ore. Allard Castelein, CEO of the Port of Rotterdam Authority: “Each of the different sectors in the port has its own dynamic. The 1.9% decrease is consequently the sum of a number of different developments. Last year, throughput in the port increased by 4.9%, to 466 million tonnes.
MPI Resolution’s Leg Extensions Raises Capabilities
MPI’s wind-turbine installation vessel (WTIV), MPI Resolution, is currently undergoing installation of leg extensions at the company’s Tees Offshore Base in Middlesbrough, UK. Following these modifications, MPI Resolution will be able to operate in water depths of up to 35m, depending upon the site-specific data. This represents a gain of up to 7m on the previous jacking capabilities of the vessel and substantially increases the operability as a result.
Wood Group Bags Hibernia Deal
Wood Group has secured a five year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland, from Hibernia Management and Development Company Ltd. (HMDC). The contract will be executed by Wood Group’s Eastern Canada operations, in St. John’s, Newfoundland & Labrador, and has the potential of two additional five year contract extensions.
Adani Ports PAT Grows by 61%
Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and the logistics arm of Adani Group, today announced another stellar operational and financial performance for the quarter and half year ended September 30, 2016. * Consolidated Operating Income registered a growth of 21 % from Rs. 1808 cr in Q2FY16 to Rs. 2183 cr in Q2 FY17. * Consolidated EBITDA increased by 23% from Rs. 1178 cr in Q2FY16 to Rs. 1451 cr in Q2FY17. * Profit after Tax grew by 61% from Rs.
C&C Marine and Repair Delivers Double Skin Tank Barge
The Shearer Group, Inc. (TSGI) announced the completion of a 200’ x 35’ x 12’ double skin tank barge. TSGI was contracted by C&C Marine and Repair, LLC to provide contract design services. The barge is the first of a series of double skin tank barges that will be built by C&C Marine. It is a flush deck barge with externally framed tanks and classed as a Subchapter O, USCG, acid barge.
MODEC Connects Offshore Fleet with O3b/RigNet
O3b Networks, technology solutions company RigNet and floating production service provider MODEC, entered an agreement to provide high-throughput, low latency connectivity…
Ulstein, SeaOwls Partner for Heavy-lift Jack-Up Design
Ulstein Design & Solutions B.V. (part of Ulstein Group) and SeaOwls B.V. are partnering to combine the former’s track record in heavy lift vessel design with the latter’s experience in jack-up technology and engineering to jointly develop the next generation self-propelled heavy lift jack-up vessel. The new design aims to serve the needs of offshore wind industry, but will also be suitable for operations in the offshore oil and gas market.
DSME Taps GTT to Equip Maran’s New LNG Carriers
GTT said it has received an order from Daewoo Shipbuilding & Marine Engineering (DSME) to equip two new LNG carriers scheduled for delivery in 2019. The vessels…
Egypt Launches Record LNG Tender for 96 Cargoes
Egypt launched the world's biggest tender for liquefied natural gas (LNG) as officials from top energy companies and trading houses converged on Cairo undeterred…