Keystone Charters Jones Act Tanker Pair from AMSC
American Shipping Company ASA (AMSC), A Norwegian-based ship finance company focused on the intercoastal U.S. Jones Act shipping market, announced it has entered…
LNG Carrier Spot Charter Rates Hit Record Highs
Spot-market rates for liquefied natural gas (LNG) tankers this week set annual records as traders bid up available vessels to meet rising global demand for the chilled gas, according to brokers.Soaring demand for LNG and buyers shunning Russian cargoes and vessels over its invasion of Ukraine have led to more long-term charters, limiting the supply of vessels to the spot market, said shipbroker and…
Bourbon Extends Support for Construction at BP's GTA Hub
Bourbon Mobility said it has been tapped to provide additional support Saipem for the construction of the liquefied natural gas (LNG) terminal on BP’s Greater Tortue…
Saipem 7000 Returns to Work at Scottish Wind Farm after April Tilting Incident. Full Lifting Capacity to be Restored in 2023
Italian offshore energy services company Saipem has confirmed the return to action of its giant crane vessel Saipem 7000, following a tilting incident in Norway in mid-April.Offshore Engineer reported back in May that the 197.95 meters long Saipem 7000 would return to work at the Seagreen wind farm site offshore Scotland on or around May 31.Two weeks later, the confirmation came from Saipem. The company said Monday: “Following the incident [that] occurred on April 14…
Freeport LNG Targets Year End for Full Operations After Fire
Freeport LNG, one of the largest operators of liquefied natural gas export plants in the United States,on Tuesday said last week's fire damage to its Texas plant would keep it fully offline until September with only partial operation through to the year end.Natural gas prices slumped in the United States and soared in Europe on the lengthier shutdown as the Quintana, Texas, facility produces roughly 20% of U.S.
New Hydrogen-powered Tanker Concept Unveiled
A newly unveiled hydrogen-powered tanker concept aims to allow zero emission at berth, and up to 100% reduction of GHG emissions during voyage.The Hy-Ekotank concept, launched by TECO 2030 and partners Ektank AB, Shell Shipping and Maritime and DNV, would see fuel cells with compressed or liquid hydrogen storage retrofitted on existing Ektank vessels.The solution comes as the maritime industry continues to explore alternatives traditional petroleum-based marine fuels…
WinGD and Hyundai Heavy Industries Developing Ammonia Two-stroke Engine
WinGD and Hyundai Heavy Industries’ Engine Machinery Division (EMD) are working together to deliver the first WinGD engine capable of running on ammonia, as the shipping industry continues to progress toward decarbonization.Under an memorandum of understanding (MOU) signed during the Posidonia exhibition on June 7, the partners will aim to deliver a first engine by 2025, in line with WinGD’s previously announced timeframe for bringing ammonia engines to market.
Iranian Tanker Seized By Greece Has Been Released
Iran's Ports and Maritime Organization (PMO) said on Tuesday the Iranian-flagged Lana tanker ship seized in April by Greece is no longer impounded and its oil cargo will be returned to its owner…
USCG Report: Small Cutters Prove They Can Patrol a Big Ocean
The Coast Guard’s 353-ton, 154-foot fast response cutter (WPC) is capable of deploying independently to conduct missions that include port, waterways and coastal security; fishery patrols; search and rescue; and national defense. The service plans to build 64 of them to replace the 110-foot Island class patrol boats. The FRC has a range of 2,500 miles, but the endurance of the 24 crewmembers is normally limited to about five days based on the quantity of provisions carried.
Solstad Sells PSV Normand Corona
Solstad Rederi AS, a wholly owned subsidiary of Norwegian-based offshore shipowner Solstad Offshore ASA, has sold the platform supply vessel (PSV) Normand Corona.The 85.65-meter-long Normand Corona was built at Kleven Verft in 2006.The vessel was handed over to its new owner on June 14, 2022.Solstad said the sale will result in a "minor positive accounting effect" to be reflected in the second quarter of 2022.
Oil Tanker Docks at Libya’s Es Sider Port Despite Blockade
An oil tanker has docked but has yet to load at Libya's Es Sider port, engineers said on Tuesday, despite groups saying that the port was closed.Last Thursday, groups at Libya's Es Sider and Ras Lanuf oil terminals closed them and exports were halted in an apparent expansion of a partial blockade of the country's energy output.(Reporting by Ayman al-Warfali; Writing by Lina Najem;Editing by Louise Heavens)
West Africa Market Harbors Positive Potential for MODU Operators
The region could be a key growth market for the oil and gas industry going forward, writes Joshua Belo-Osagie, Maritime Strategies International (MSI).Improving sentiment surrounds energy market prospects offshore West Africa, the positive mood underpinned by higher oil prices, reformed regulatory frameworks in key markets including Angola and Nigeria and the discovery of major prospects off the Ivory Coast and Namibia.In addition…
Optiwise HORIZON Project Aims to Improve Ships with Wind Power
MARIN, joined by the consortium outlined below, has successfully initiated the project Optiwise, an EU funded research and innovation project aiming to improve and demonstrate energy savings using wind propulsion and hydrodynamic improvements in propulsion.Partners working together in this MARIN coordinated project:MARIN, CORE IC, SSPA, AYRO, CHANTIERS DE L'ATLANTIQUE, FLIKKEMA INNOVATION MANAGEMENT & CONSULTANCY…
Russian Oil Production up 5%; Seaborne Exports up 9.5%
Russia's oil production rose almost 5% in the first half of June compared with May, the Interfax news agency reported on Tuesday, citing a source familiar with the output statistics.Average daily oil production, including condensate, was 1.46 million tonnes in the first 13 days of June, 68,000 tonnes more than May levels, the news agency reported.Russian oil companies, led by Rosneft ROSN.MM, were…
U.S. Natgas up 2% on Higher Demand, Soaring Global Prices
U.S. natural gas futures edged up about 2% on Tuesday on record power demand in Texas, forecasts for more gas demand over the next two weeks than previously expected, a reduction in gas output, low wind power and much higher global gas prices.Power demand in Texas failed to hit a new all-time high on Monday due to less hot weather, but will likely break peak use records on Tuesday and later this week as homes and businesses keep air conditioners cranked up to escape a lingering heatwave.
‘Recycled-based’ Dyneema: Lankhorst Supplies Heerema Heavy Lift Slings
For the first time in the heavy lift industry, Lankhorst Ropes is supplying Heerema Marine Contractors with LankoForce HL slings manufactured with Dyneema SK78 fiber produced using post-consumer plastic waste as a feedstock. The LankoForce HL slings will be used on a 4-point lifting frame for an offshore lifting project.DSM is producing recycled-based Dyneema using ethylene from mixed plastic waste as a pilot project.
Power Play: Volvo Penta IMO Tier III Range Expands
Volvo Penta has expanded its marine IMO Tier III range with new D13 solutions.This expands the range of marine commercial Volvo Penta D13 IMO III solutions for IPS-1200, IPS-1350, D13-900, and D13-1000. Each package exceeds the IMO III standards.The Volvo Penta D13 IMO III package upgrade boasts a power output of up to 735 kW for inboard and auxiliary applications and is approved for E3 and C1 cycles.
Conrad Shipyard Wins Safety Award
Conrad Shipyard, LLC, said it has been awarded a 2021 AEU Safety Award for the company’s strong commitment to safety in the workplace.The American Equity Underwriters…
Cox Marine to Focus on Hydrogen @ Seawork
At Seawork 2022 British diesel technology innovator Cox Marine will showcase its CXO300 diesel outboard with demos available on a Cox-powered RIB, and it will present too insights on the development of its next-gen hydrogen-based marine propulsion systems.James Eatwell, Head of Research and Development, Cox Marine, will present at Get Set to Workboat 2050 on behalf of SHAPE UK as part of a line-up…
Driven by Energy Transition, Proserv Realigns Key Management
Proserv move sees new roles for current Group CEO David Currie, Proserv Controls CEO Davis Larssen and arrival of former RenewableUK CEO Hugh McNeal.Proserv has announced a high-level senior management and corporate realignment as the business continues to evolve and pivot towards the future energy landscape.Present Group Chief Executive Officer David Currie will become Chairman of the Board for both Proserv and sister business Gilmore Valves…
