Sapura Energy Sells Pipelayer to UAE-firm for $71.5M
Malaysian company Sapura Energy has agreed to sell its pipe-laying and crane vessel Sapura 3000 for $71.5 million to Safeen Feeder Company – Sole Proprietorship LLC, a company in the Abu Dhabi Ports Group of Companies."The proposed asset disposal exercise is part of the Group’s reset plan, which focuses on Sapura Energy’s long-term sustainability by improving its liquidity position, streamlining its operating model and providing greater flexibility for strategic growth…
Callan Marine Powers Ahead
Galveston-based Callan Marine possesses one of the youngest, most powerful dredge fleets in America. “Our oldest dredge is 11 years old, so we have a nice modern, new fleet, which really helps us in our performance,” said the company’s president, Maxie McGuire. “I’m very proud that we have one of the newest fleets in the industry.”McGuire and Callan Marine have plenty to be proud of. McGuire, a U.S. Air Force veteran with an Operation Desert Storm tour under his belt, took a job with the U.S.
Floating Production Market Going Gangbusters
The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion of Ukraine. As a result, activity and business sentiment in the floating production sector have seldom been stronger. Brent crude has been trading above $100 over the past three months, generating record profits for E&P operators -- providing an incentive to increase…
Yokogawa, Mitsubishi to Build Robots for Offshore Platform Inspection
Yokogawa Electric Corporation and Mitsubishi Heavy Industries, Ltd (MHI) have been selected by the Nippon Foundation, a private, non-profit grant-making organization, to develop an automatic robotic inspection system to predict hazards on offshore oil and gas facilities, and improve the safety of inspection work on offshore platforms."The use of a wide variety of robots to enable unmanned operations…
Saipem 7000 Crane Vessel Returns to Work at Seagreen Wind Farm
Saipem's giant Saipem 7000 semi-submersible crane vessel is set to return to operation at the Seagreen wind farm site in the UK a month and a half after it was involved in a tilting incident in Norway.As previously reported, in mid-April, Saipem 7000 tilted in a fjord in Norway with 275 people aboard. The vessel tilted during the planned 5 years main cranes load test, when, as Saipem said, the main…
US State Secretary Blinken Condemns Iran's Seizure of Greek Vessels
U.S. Secretary of State Antony Blinken on Monday condemned the "unjustified seizure" of two Greek-flagged vessels by Iran's Islamic Revolutionary Guard last week, the State Department said.Iranian forces seized two Greek tankers in the Gulf on Friday, shortly after Tehran warned it would take punitive action against Athens over the confiscation of Iranian oil by the United States from a tanker held off the Greek coast.
Fincantieri Floats Out EXPLORA I Luxury Cruise Ship
Italian shipbuilder Fincantieri on Monday announce the float out of EXPLORA I, the first of four luxury cruise ships ordered by the Cruises Division of MSC Group for its new luxury brand Explora Journeys. The float out took place at Fincantieri’s shipyard in Monfalcone, Italy.The vessel construction began in June 2021, and the ship is expected to enter service at the end of May 2023. At the same time…
UK Cancels P&O Ferries Contract Over Job Cuts
Britain says it has canceled a contract with P&O Ferries "with immediate effect" in its latest action against the DP World-owned company following its decision to axe hundreds of staff earlier this year.The Home Office (interior ministry) said it was ending its agreement with the firm to provide contingency travel services to "juxtaposed ports" where British staff operate border controls in Belgium and France to check passengers and freight destined for Britain.It comes after P&O Ferries…
India's Imports of Cheap Russian Crude Surge Since Ukraine Invasion
India has received 34 million barrels of discounted Russian oil since Moscow invaded Ukraine on Feb. 24, according to Refinitiv Eikon data, more than trebling the value of total imports from Russia, including other products, compared with the same period of 2021.The volumes of India's seaborne oil imports from Russia exclude CPC Blend oil, which is also exported via Russia's Black Sea port, but mostly…
Tokyo Kisen Co Holds Naming Ceremony for Electric Tug Taiga
Tokyo Kisen Co on May 26 held a naming and launching ceremony of the electric tugboat Taiga, built at Kanagawa Dockyard Co., Ltd in Japan.The Taiga is powered by an electric propulsion system that combines e5Lab-developed large-capacity lithium-ion batteries and a diesel engine."It is an eco-ship designed to protect the environment in areas surrounding the ports of Yokohama and Kawasaki, and also a crew-friendly tugboat…
Norwind Offshore Takes Delivery of Norwind Breeze Vessel
Norwind Offshore, a Norwegian offshore wind-focused vessel owner has taken delivery of its first vessel - the Norwind Breeze - from Vard.The delivery took place Monday at 1 p.m. local time from Vard, Brattvåg, in Norway. Before the conversion, the service operation vessel used to be a platform supply vessel, previously known as MMA Responder.The vessel arrived in Norway in November 2021 where the rebuilding and outfitting process started.The vessel has been equipped with…
Oil Prices Climb above $120 a Barrel ahead of EU Meeting on Russian Oil Ban
Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months, as traders waited to see whether a European Union meeting would reach an agreement on banning Russian oil imports.The Brent crude futures contract for July, which will expire on Tuesday, was up 59 cents, or 0.5%, at $120.02 a barrel at 1100 GMT. The August Brent contract, which is more active, rose 74 cents, or 0.6%, to $116.30 a barrel.U.S.
Avenir LNG Takes Delivery of LNG Bunker Supply Vessel
Avenir LNG Limited has taken delivery of the Avenir Achievement, the second 20,000 cbm dual-purpose, liquefied natural gas supply and bunkering vessel (LBV) delivered from Nantong CIMC Sinopacific Offshore & Engineering Co. (“SOE”). The Avenir Achievement is the sixth vessel to be delivered into the Avenir fleet.The vessel will be equipped with BOG reliquefication and simultaneous operations (SIMOPs) capabilities…
Poland Could Build Second FSRU Amid Czech, Slovak Interest
Poland could build a second floating storage and regasification unit (FSRU) next to an already planned installation because the Czech Republic and Slovakia are interested in buying more liquefied natural gas (LNG), the Polish climate minister said.Czech Republic and Slovakia are seeking alternatives to cut reliance on Russian supplies. Slovakia's state gas firm SPP struck deals to buy enough piped Norwegian gas and LNG to cover about 65% of its demand until the end of next year.
MOL's Next-gen Coal Carrier Named in Japan
Japanese shipping company Mitsui O.S.K. Lines (MOL) said that a naming ceremony was held Monday for the MOL-operated next-generation coal carrier at Oshima Shipbuilding Co., Ltd. in Japan.The 234.96 meters long vessel, with a deadweight tonnage of 89,999 tons, will serve Hokuriku Electric Power Company. The vessel was named Hokulink by Hokuriku Electric Power President Matsuda. According to MOL, the…
Petrobras Awards $70M Deal to DOF's Brazilian Subsidiaries
Brazilian oil company Petrobras has awarded service contracts to DOF's Brazilian subsidiaries to Norskan Offshore Ltda. and DOF Subsea Serviços Brasil Ltda.The contracts…
Iran Seizes Vessel Carrying Smuggled Fuel, Arrests Crew Members -Tasnim
Iranian authorities have seized a vessel carrying 106,500 liters of smuggled fuel and arrested nine crew members, the semi-official Tasnim news agency reported on Monday."On the orders of the Qeshm Prosecutor, the officers of the marine base, while identifying a vessel carrying 106,500 litres of smuggled fuel, started the process of seizing it," said the chief justice of Hormozgan province.Iran, which…
Ship to Take Metal from Mariupol to Russia; Kyiv Decries Looting
A ship has entered the Ukrainian port of Mariupol for the first time since Russia completed its capture of the city to load metal and ship it east to Russia, TASS news agency reported on Saturday, in a move that Kyiv decried as looting.A spokesperson for the port told TASS that the vessel would be loading 2,700 tonnes of metal before traveling 160 km (100 miles) east to the Russian city of Rostov-on…
Fire Engulfs Superyacht in British Marina
Fire ripped through a superyacht in southwest England on Saturday, sending thick plumes of black smoke into the sky and briefly releasing the burning vessel to drift across its marina.Police and fire officials said the 85 foot (26 meter) yacht in Torquay, Devon, was "well alight" and the fire brigade said the vessel contained about 8,000 liters of diesel fuel, prompting local areas and nearby beaches…
Iran Says Crew of Two Seized Greek Tankers Not Detained and Are On Board
Iran's state maritime body said on Saturday the crew of two Greek tankers seized by its Revolutionary Guards on Friday had not been detained, and were in good health…
