ADNOC Adds Six VLCCs
Abu Dhabi National Oil Company (ADNOC) revealed Thursday that its shipping arm ADNOC Logistics & Services (ADNOC L&S) has added six very large crude carriers (VLCC)…
PIL Fined $3 Million Over Felony Dumping Violations
Singapore-based shipping company Pacific International Lines (PIL) will pay $3 million in fines after pleading guilty to felony dumping violations in Hagatna, Guam.The…
Autonomy is a Journey: Wärtsilä Voyage Helps Define and Drive Maritime’s Automated Future
As the maritime industry faces numerous environmental and efficiency challenges, the future is ship automation and Wärtsilä Voyage is a driver. Sean Fernback, President, and Thomas Pedersen, Director, Automation & Dynamic Positioning, Wärtsilä Voyage discuss the path and the pace with Maritime Reporter TV.Sean, to start, it seems many define “autonomy” differently. How do you define Wärtsilä's smart-autonomy approach?Sean Fernback…
Tanker Shipping Facing a Tough Year Ahead, Says BIMCO
After a turbulent year, low demand looks set to plague the market in the coming months combined with too many ships fighting for too few cargoes in both the crude oil and oil product segments, says the oil tanker shipping overview and outlook released today by BIMCO.Demand drivers and freight ratesThe realities of the pandemic are setting in for the tanker market. The record-breaking Q2 2020 is a distant memory and…
AqualisBraemar Takes Care of Petrobras Shuttle Tankers' DP
Brazilian national oil company Petrobras has hired AqualisBraemar to perform DP acceptance and annual trials for their DP shuttle tanker fleet operating in Brazil over the next three years.Under the contract, AqualisBraemar will carry out trials to verify the integrity and capabilities of the station-keeping equipment for Petrobras’ shuttle tanker fleet.Shuttle tankers transport crude oil from offshore oil fields to terminals…
Report: Baker Hughes, 17 Other Firms Quit Nord Stream 2 Pipeline Project to Avoid Sanctions
Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a…
Petrobras, SBM Offshore Sign LoI for Giant Búzios Field FPSO
Brazilian oil giant Petrobras has signed a letter of intent with Dutch FPSO supplier SBM Offshore for the delivery of an FPSO to be deployed in the Búzios field in the Santos Basin, offshore Brazil.SBM Offshore will be responsible for the engineering, procurement, construction, installation, and operation of the FPSO, to be named the FPSO Almirante Tamandaré. The contract for the lease and operation is for 26.25 years.
COVID-19 Mitigation on Rigs & Ships
Steve Lykins, President, Mako Industries, discusses the case for investing in Puradigm COVID-19 mitigation and monitoring technology onboard offshore rigs and ships.The creation of Mako Industries, a subsidiary of Mako Oilfield Services, is proof that every storm cloud has a silver lining. “Mako Industries is an interesting company that was spawned as a result of Mako Oilfield pivoting as a result of the downturn in early 2020 and Q1 2020,” said Steve Lykins, President, Mako Industries.
Cheniere Expects Rising LNG Demand with Vaccine Rollout
Cheniere Energy Inc, the top U.S. liquefied natural gas producer, on Wednesday raised its full-year adjusted earnings forecast, predicting higher demand for the fuel as COVID-19 vaccinations boost economic recovery.Lockdown measures implemented to curb the pandemic slashed demand for energy and hurt prices for natural gas in 2020. But with economic recovery in Asia, particularly in China, fuel sales have picked up.Shares rose 1% to $70.37 in midday trading…
Wärtsilä and Ocean Technologies Group Partner on Maritime Training
Simulation and training solutions provider Wärtsilä Voyage and knowledge and technology solutions provider Ocean Technologies Group (OTG) say they have partnered in an effort to enhance safety and efficiency in the maritime sector.With complementary converging digital technologies and platforms, Wärtsilä Voyage and OTG will provide industry stakeholders an opportunity to be connected on a single end-to-end learning journey…
Future Prospects of Shipping COVID-19 Vaccines by Sea
The lucrative prospect of transporting COVID-19 vaccines by sea has intensified the spotlight on the maritime industry’s cold supply chain and its ability to carry high-value pharmaceuticals.At present, speed to market is critical to stemming the spread of the pandemic, so the vaccines are being shipped by air to international destinations. Delivering them by sea is a longer-term strategy; certainly…
Navy to Remove Island on Fire-stricken USS Bonhomme Richard
The U.S. Navy has begun the process to remove the island from the USS Bonhomme Richard (LHD 6) as part of an ongoing inactivation availability for the warship that was destroyed by a major fire in 2020.Salvage contractor Smit Americas started the removal process Tuesday, the Navy said. Workers will reduce the island's height down to just above the flight deck to improve the ship’s structural integrity…
Grimaldi Group Orders Six RoRo Ships
The Grimaldi Group said it signed an order contract worth more than $500 million for the construction of six new ro/ro multipurpose vessels at Hyundai Mipo Dockyard Co. Ltd (Ulsan) in South Korea.With a length of 250 meters, a beam of 38 meters and a deadweight of 45,684 tonnes, the six newbuilds are expected to be delivered for Grimaldi's Neapolitan Group between the first months of 2023 and the end of 2024.
Baltic Index Slips on Weaker Capesize, Panamax Rates
The Baltic Exchange's main sea freight index dipped on Wednesday, pressured by lower rates for the capesize and panamax vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was down 18 points, or 1%, at 1,709.The capesize index fell 109 points, or 6.8%, to an over one-week low of 1,485.Average daily earnings for capesizes…
Hunter Group Sells VLCC Hunter Alta
Norwegian shipowner Hunter Group said its Hunter Tankers subsidiary has signed a memorandum of agreement to sell its 2019-built very large crude carrier (VLCC) Hunter…
Hempel's "Futureproof" at the Heart of its Plan to Double its Revenues
Hempel A/S has launched its new sustainability framework dubbed Futureproof, an initiative that lies at the heart of the companies strategy to double its revenue by 2025 while dramatically cutting its carbon footprint and that of its clients across industrial sectors.“We believe that placing sustainability at the heart of how we do business is essential for our ambition to double the company. Our customers…
Siem Offshore Wins W. Africa Deal for Subsea Construction Vessel 'Siem Spearfish'
Norwegian offshore vessel operator Siem Offshore has said it has secured a contract for its Siem Spearfish subsea construction vessel.The contract, with an unnamed client…
Telemar Wins 50-vessel Service Deal with Fairplay Towage
Marlink subsidiary Telemar said it signed a five-year service maintenance deal with Fairplay Towage to deliver bridge maintenance services across 50 of the company’s port and ocean tugs in Germany, Holland and Belgium.The contracts will consolidate service of critical bridge navigation equipment to a single provider, and scheduled service will be planned to agreed timeframes.The contract includes managing GMDSS declarations…
SES Networks to Power Guest Connectivity on Scarlet Lady
SES Networks is working with Virgin Voyages to provide its fleet with high-speed, low-latency connectivity. Significantly, the Wi-Fi service will be free for every sailor.
Dutch Report Record Containership Cocaine Bust
Customs authorities in Hamburg and Antwerp have seized a record haul of more than 23 tonnes of cocaine destined for the Netherlands in two raids this month, Dutch prosecutors said on Wednesday.The two shipments together represented a street value of roughly 600 million euros ($730 million), the prosecutors said, making it the biggest catch of cocaine headed for the Netherlands ever.Prosecutors said a 28-year old Dutchman had been arrested on Wednesday who was registered as the recipient of the c
