Dales Marine Services Buys 20 Welding Generators
U.K. based ship repair and marine services form Dales Marine Services announced it has acquired 20 new welding generators from MB Plant, Peterhead.The newly acquired welding generators are replacements for older machines and will be utilized on-site at Dales Marine facilities including Aberdeen, Leith, Greenock and Troon, as well as remotely at clients' sites, as required.Dales Marine said its main…
MARAD Finalizes Rules for Title XI Loan Applicants and Borrowers
The U.S. Department of Transportation's Maritime Administration (MARAD) issued a final rule updating its financial requirements for the Federal Ship Financing Program, commonly referred to as Title XI. The final rule provides the application requirements for MARAD loan guarantees for construction or reconstruction of a U.S.-flagged vessel or shipyard modernization. Designed to promote the growth and modernization of the U.S. merchant marine and U.S.
Hapag-Lloyd to Reroute Ships Due to Red Sea Safety Concerns
Germany's Hapag-Lloyd said on Monday it had decided to reroute several ships via the Cape of Good Hope, after the company held a a crisis meeting to discuss Houthi attacks targeting ships in the Red Sea."This will be done until the passage through the Suez Canal and the Red Sea will be safe again for vessels and their crews," a Hapag-Lloyd spokesperson said.(Reuters - Reporting by Christina Amann, Writing by Linda Pasquini, Editing by Rachel More)
Aker Arctic CEO Suojanen to Step Down
Aker Arctic’s CEO Reko-Antti Suojanen announced he will leave his position in the company, while he and the Board of Aker Arctic have agreed that he will continue in his position as CEO until of January 31, 2024.Suojanen has benn CEO of Aker Arctic for 10 years, and the Board has commenced the search process to hire his successor. “We have developed and designed worldclass icebreakers and other ice going vessels and reached a position as the leading company in this segment.
MODEC and Toray Develop New FPSO Repair Technique
MODEC and Toray Industries have jointly developed a carbon fiber-reinforced plastic (CFRP) patch technique for repairs on Floating Production, Storage and Offloading (FPSO), and Floating Storage and Offloading (FSO) systems.FPSO and FSO repair services provided by MODEC, a general contractor specializing in engineering, construction, operation, and maintenance services of offshore oil and gas vessels…
Gastrade’s FSRU Alexandroupolis Reaches Greece
Gastrade’s new floating storage regasification unit (FSRU) has arrived to Greece after completing an almost 10-month conversion at the Seatrium shipyard in Singapore.The FSRU, dubbed Alexandroupolis, sailed away from Singapore on November 26, and has now entered the waters of the Thracian Sea. In the following days, the FSRU will be anchored through a spread 12-point mooring system, ahead of connection to the high-pressure subsea and onshore gas transmission pipeline.The pipeline…
Time is Running Out for some Fi-Fi Foams
A new IMO resolution will see the phase-out of foam firefighting systems that use fluorinated foams containing perfluoro-octane sulfonic acid (PFOS) as the foam-producing component. The new rules come into effect under a rolling programme beginning in 2026, but Swedish maritime engineering specialist Scanunit believes that a proactive replacement strategy should be put into effect now.Foam firefighting…
Aker BP Restarts Production at Alvheim Field After Unexpected Downtime
Norwegian oil company Aker BP has restored production at Alvheim field, causing an oil spill during the process of starting up the production vessel located in the central North Sea. The downtime resulted from a malfunction in new equipment installed during maintenance activities in the previous quarter, causing a deferral of approximately one month in the production from the Alvheim area, Aker BP said.
Emissions-Focused AI Project Secures Funding
A project, GASS, led by Navtor, with six other Norwegian research, innovation and industry partners, has been awarded 44 million Norwegian kroner to develop new commercial AI-enhanced technology and services to optimize the energy usage of vessels and ships.Navtor, Grieg Star, Maritime CleanTech, Scandinavian Reach Technologies, Simula Research Laboratory, SinOceanic Shipping and Sustainable Energy…
C-NLOPB Updates Hebron Field Volume Estimate
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has approved the Development Plan Amendment (DPA) for the Hebron Field.The Hebron oil field is located offshore Newfoundland and Labrador, Canada, in the Jeanne d'Arc Basin 340 kilometers southeast of St. John's. The field was first discovered in 1980, and is estimated to produce more than 700 million barrels of recoverable resources.
Esgian: Rigs on the Move in Asia and Europe
This week Esgian’s Week 50 Rig Analytics Market Roundup notes developments in the semisub sector including that Shell has decided to exercise its option on Stena Don in the North Sea but not on Deepsea Bollsta in Namibia. Meanwhile, a new contract for the Transocean Barents will see it operate in the Black Sea, and jackup Shelf Drilling Perseverance will move to Vietnam.ContractsShelf Drilling has…
Singapore and Japan Agree Green Shipping Corridor
The Ministry of Transport of the Republic of Singapore (MOT) and the Ministry of Land, Infrastructure, Transport and Tourism of Japan (MLIT) have signed a memorandum of cooperation to establish the Singapore – Japan Green and Digital Shipping Corridor.Japan is one of Singapore’s top 10 trading partners, and the trade volume between the two countries totaled S$65 billion in 2022.Under the collaboration…
Recycling Market Sees Trickle of Deals
It is clear that sub-continent ship recycling markets are not going to have the bumper conclusion to 2023 that many had been hoping for, reports cash buyer GMS.“Instead, only a trickle of deals are being done to muted markets, as demand and sentiments continue to struggle for another week,” says GMS. “There was one further container deal done, amidst a last quarter flurry, but dry bulk supply has stalled as trading markets have enjoyed an unexpected spike…
US Destroyer Downs 14 Drones in Red Sea
U.S. guided-missile destroyer shot down 14 drones launched by Yemen's Houthis in the Red Sea on Saturday, the U.S. Central Command said in a statement."In the early morning hours of December 16 (Sanna time) the U.S. Arliegh Burke-class guided missile destroyer USS Carney (DDG 64), operating in the Red Sea, successfully engaged 14 unmanned aerial systems launched as a drone wave from Houthi-controlled areas of Yemen…
Suez Canal Authority Monitoring Tensions in Red Sea
Egypt's Suez Canal Authority said on Sunday it was closely monitoring the impact of tensions in the Red Sea after recent attacks by Yemen's Houthis on vessels in the southern part of the basin.Two major freight firms, MSC and CMA CGM, said on Saturday they would avoid the Suez Canal as Houthi militants stepped up their assaults.The authority is "closely following the consequences of current tensions," the body's chairman, Osama Rabie, said in a statement.
PNNL's New Research Vessel Launched
Seattle shipyard Snow & Company has launched a new 15-meter hybrid catamaran research vessel that will be operated by the Pacific Northwest National Laboratory.The plug-in hybrid research vessel, Resilience, will be delivered to the Department of Energy's (DOE) PNNL-Sequim marine research facility in 2024.The Incat Crowther designed vessel, equipped with both standard diesel engines and electric motors, will be the first hybrid vessel in the DOE fleet.
Shipping Industry Urges Caution on Use of Armed Guards on Red Sea Vessels
Shipping companies should use caution when deploying private armed guards onboard vessels sailing through the Red Sea and Gulf of Aden because of the risk of escalation amid growing attacks on ships, an industry advisory said on Friday.Yemen's Houthis have been attacking vessels in Red Sea shipping lanes in recent weeks and firing drones and missiles at Israel, saying they aim to support Palestinians as Islamist group Hamas and Israel wage war in Gaza.In an advisory issued on Friday by the shipp
Warship Rushes in to Investigate Suspected Pirate Attack off Somalia
A Spanish navy ship is sailing at full speed towards a Maltese-flagged commercial vessel that may have been hijacked by pirates off Somalia, the European Union's Somali counter piracy force said on Friday.If confirmed, it would be the first successful hijacking involving Somali pirates since 2017 when a crackdown by international navies stopped a rash of seizures in the Gulf of Aden and the Indian Ocean.EUNAVFOR's joint operations centre in Spain said it received an alert on Thursday about the "
Edda Wind Secures Green Financing for Newbuild Program
Edda Wind announced it has entered into a green term loan facility agreement for the pre- and postdelivery financing of four new commissioning service operation vessels (CSOV) under construction at Vard.The agreement is a €161 million green loan facility with Crédit Agricole Corporate and Investment Bank, Danske Bank A/S, DNB Bank ASA and SpareBank 1 SR-Bank ASA, with expiry in 2029 and a profile of 12 years.
Vard Confirms Cable Layer Order
Norwegian ship designer and builder Vard on Friday announced it has signed a contract to construct a cable laying vessel for an undisclosed customer. The value of the contract is between EUR 200 – 250 million.The vessel is designed by Norwegian company Salt Ship Design AS. The hull for the vessel will be built at Vard Tulcea in Romania and outfitted and delivered from one of Vard’s yards in Norway in Q4 2026. Vard said it will announce further information about the contract at a later stage
