Modec Takes Delivery of Carioca MV30 FPSO
Chinese shipbuilder Cosco Dalian has completed the construction of the Carioca MV30 FPSO for Japan's Modec.The 332 meters long Carioca FPSO - converted from Flandre VLCC - will be deployed at the Sépia field operated by Petrobras, located in the “pre-salt” region of the Santos Basin some 250 kilometers off the coast of Rio de Janeiro, Brazil at a water depth of approximately 2,200 meters.The FPSO will be capable of processing 180…
KR Completes Hull Survey Using Aerial and Crawler Drones
The Korean Register (KR) said it has completed its first hull inspection survey using both aerial and crawler drones for the intermediate survey of bulk carrier Pan Global.The survey, which was completed Tuesday with the assistance of POSSM Co, Korea’s largest ship management company, and HST Technology, who provided the remote inspection technology.KR’s surveyors have been using remote inspection technology such as drones for surveys since 2017.
Hapag-Lloyd Expects Higher Earnings for 2020
German container liner Hapag-Lloyd AG is confident of achieving higher earnings in 2020 as lower fuel prices cut shipping costs, demand in Asia recovers and fleet capacity is tight, chief executive Rolf Habben Jansen said on Friday."Oil prices have fallen sharply in the coronavirus crisis, that has given us tailwind, especially in the weak second quarter," said the head of the world's fifth biggest shipping firm in an interview with Reuters."Volumes have bounced back unexpectedly strongly in the
Pakistan Navy Commissions New Corvette
The Pakistan Navy commissioned its new Corvette PNS Tabuk at the Port of Constanta, Romania, on Thursday.The ship, a Damen OPV 1900, is part of a two vessel order with Damen, signed by the Pakistan Ministry of Defense in 2017. Both ships are built at Damen Shipyards Galati in Romania. The first vessel, PNS Yarmook, joined the Pakistan Navy’s fleet in February this year.Like her sister vessel, PNS Tabuk is a multipurpose…
Steerprop Azimuth Propulsion for Icebreaking W2W Vessel
Finland-based propulsion specialist Steerprop has recently won a contract to deliver azimuth units as the main propulsion and steering system for a shallow-draught ice-breaking vessel being built for offshore oil operations in the Russian Far East.The 75.9 meters long, 14 meters wide vessel is being built by the Dutch shipyard Royal Niestern Sander for the Russian companies Mercury Sakhalin and Pola.The walk-to-work vessel will operate all year round in harsh ice conditions…
Caribbean Cruise Paused as Passengers Test Positive for COVID-19
SeaDream Yacht Club has halted a cruise in the Caribbean following several positive coronavirus tests among passengers, the company said on Friday.The SeaDream I vessel has returned to port in Barbados and all passengers are currently being re-tested, the privately owned company said in a statement.“The ship’s medical staff has tested all crew members and all tests have come back negative,” SeaDream…
Vale, Chinese Port Ink $651 Mln Iron Ore Facilities Deal
Brazil's Vale and China's Ningbo Zhoushan Port have signed a deal to invest around 4.3 billion yuan ($650.6 million) in iron ore storage and processing facilities in Zhejiang, a local government statement said on Friday.The move follows the two firms' inauguration of a grinding hub at the port in eastern China in August and further boosts Vale's presence in the top global consumer of the steelmaking raw material.Vale…
Bulgaria Orders Patrol Ships Worth $593M from Luerssen
Bulgaria has contracted German shipyard Luerssen to build two multi-role patrol ships for its navy for 984 million levs ($593 million), Defence Minister Krasimir Karakachanov said on Thursday.The Black Sea country is looking to replace its three aging Soviet-made patrol ships with the new vessels and improve its compliance with NATO standards.Luerssen won the deal in a tender over Italy's Fincantieri."With this project…
Israel, Lebanon Resume Mediterranean Sea Border Talks
Israel and Lebanon resumed U.S.-mediated talks on Wednesday on a dispute about their Mediterranean Sea border that has held up hydrocarbon exploration in the potentially gas-rich area, the Israeli energy minister, and Lebanon’s state news agency said.The longtime foes held three rounds of talks last month hosted by the United Nations at a peacekeeper base in southern Lebanon which the world body and…
Kongsberg Maritime Won $43,7M in Contracts for Shuttle Tanker Concepts in 2020
Norway's Kongsberg Maritime said Friday it had during 2020 won contracts for 12 of its Shuttle Tanker concepts, with a value totaling over NOK 400 million (around $43,7 million).Shipyards in South Korea and China are building the vessels, which are destined to operate between offshore installations and onshore plants in Norway, Brazil, Canada, and China."Common to all vessels is the integration of advanced…
"Hundreds of Jobs" - Equinor Picks Port of Albany for Offshore Wind Tower Making Facility
Norwegian energy company Equinor has proposed the Port of Albany, in upstate New York, as the first offshore wind tower manufacturing facility in the U.S."Developed jointly with leading wind industry manufacturers Marmen and Welcon, Equinor stands ready to transform the port for manufacturing offshore wind towers and transition pieces (TPs), creating up to 350 direct jobs in the region," Equinor said.The…
World's Largest LNG-fueled Containership Bunkers In Rotterdam
The world’s largest containership powered by liquefied natural gas (LNG) began its first gas bunkering operation in Rotterdam on Thursday, French shipping company the CMA CGM Group said.The CMA CGM Jacques Saadé, which has an 18,600 cubic meter tank, will be refueled with LNG while port handling operations are underway, marking the largest LNG bunkering operation ever undertaken for a containership.Once bunkering is complete…
Vineyard Wind Facing More Permit Delays
A federal agency said on Thursday it has again delayed a long-awaited environmental study crucial to permitting the first major U.S. offshore wind project, but final approval of the project is expected by mid-January.The study of the 800-megawatt Vineyard Wind project planned for the waters off the Massachusetts coast is expected to be released by December 11, according to a government timeline. It…
Weld Failure Led to Barge Allision -NTSB
A failed weld ultimately led to a barge breaking loose from its mooring and heavily damaging a pier, the National Transportation Safety Board (NTSB) said Thursday.Investigators determined a weld on a shackle that connected a construction barge to a mooring chain failed, allowing the deck barge YD71 to break free from its mooring in stormy weather and drift about two miles to the south before it contacted…
CMA CGM to Expand LNG-powered Fleet to 26 Ships
Container shipping group CMA CGM will expand its use of liquified natural gas (LNG) to 26 vessels, it said on Thursday, as part of efforts to reduce pollution in ocean shipping.After announcing three years ago that it would adopt LNG, French-based CMA CGM has made several orders for gas-powered ships and now plans to have 26 such vessels in service by 2022, it said in a statement.Seven of the vessels are already in service…
Fincantieri Preserves Order Backlog; No Order Cancellations
Italy's shipbuilder Fincantieri said on Thursday it had a consistent order backlog and did not get any cancellations from clients, despite a deep crisis of the cruise industry due to the coronavirus pandemic and global travel restrictions.Fincantieri said core earnings were down to 200 million euros ($235.98 million) in the first nine months of the year from 306 million euros last year but that its…
Golden Ray Salvors Brace for Storm Eta
The salvage team working to cut and lift sections of the capsized car carrier Golden Ray in Georgia's St. Simons Sound has suspended operations ahead of a tropical storm that made landfall in neighboring Florida on Thursday.The specialized heavy lift crane vessel VB 10,000 has paused work partway through the first cut, which began Friday, and has been secured inside the environmental protection barrier in advance of the approaching storm Eta, downgraded from a hurricane on Wednesday.
Norwegian Cruise Line Posts Loss for Third Straight Quarter
Norwegian Cruise Line Holdings Ltd reported its third straight quarterly loss on Monday, as the COVID-19 pandemic brought the cruise industry to a standstill.Cruise operators have been struggling to make revenue following the no-sail order imposed in mid-March and some of them have been forced to raise billions in debt.Norwegian last week extended its suspension of voyages until December 31 even as the U.S.
Conflicts of Laws: Blocking Statutes and Antiboycott
This article will focus on conflicts of laws stemming from the EU Blocking Statute and U.S. antiboycott law, both of which are intended to prevent parties from complying with a disfavored sanctions regime. The article will highlight some of the inherent conflicts in dealing with multiple conflicting sanctions regimes. It follows our comprehensive summary of sanctions and shipping, which covered several…
Allsalt Maritime Expands in US and Singapore
Marine shock mitigation technology provider Allsalt Maritime Corporation announced Thursday it has opened new sales and support offices in the U.S. and Singapore in response to market growth in the commercial and recreational boating industries.Victoria, B.C.-based Allsalt Maritime, owner of the Shoxs and Kinetix brands, said its new U.S. office is located in Edgewater, Fla., and will be led by newly appointed brand development and U.S.