Statoil Awards Contract for Subsea 7’s Seven Viking
Subsea 7 S.A. said it has received a contract from Statoil to provide subsea inspection, maintenance and repair (IMR) services on the Norwegian Continental Shelf.Subsea 7 did not specify a dollar amount for the awarded work, but said the contract is worth between $150 million and $300 million.Offshore activities will begin in January 2019 using Subsea 7’s IMR and light construction vessel Seven Viking…
Upper Mississippi Fleeting Signs with MobileOps
Upper Mississippi Fleeting has signed a deal with MobileOps to help bolster safety, maintenance and regulatory initiatives across its fleet.Upper Mississippi Fleeting…
TUI Approves New Ship for Hapag-Lloyd Cruises
Europe’s largest travel and tourism group TUI Group said it had approved construction of another cruise ship for its Hapag-Lloyd cruise business and that summer…
Indian Ports Register 1.78% Growth in April
The major Indian ports collectively recorded a growth of 1.78 per cent during April, handling 56.81 million tonnes of cargo, said the Shipping Ministry. "The major ports in India have recorded a growth of 1.78% and together handled 56.81 Million Tonnes of cargo during the period April 2018 as against 55.82 Million Tonnes handled during the corresponding period of previous year," said a press release from the government.
Meyer Turku Investing Profits in its Shipyard
Coming off of three straight profitable years, Finnish shipbuilder Meyer Turku said it is using its profits to finance a 200 million euro ($237 million) investment program at its Turku shipyard.The cruise ship builder reported its 2017 revenue was 807.7 million euros ($959 million) compared to 2016’s 787.5 million euros ($935 million). Net profit for the financial year rose from 26.2 million euros…
Apply Now for the MN 100
Each year the August edition of Marine News magazine, the leading voice in the North American workboat market, features the very best 100 leaders and innovators, including workboat owners and operators, builders, OEMs and repairers, and product and service providers.This year's MN100 edition application portal is live and open. Participation is free, but to be considered you must apply at http://mn100.maritimemagazine.com/.
Rolls-Royce, Siem Offshore Ink 5-Year Maintenance Deal
Rolls-Royce said it has signed a long-term service agreement with offshore vessel owner Siem Offshore for the maintenance of its deck machinery installations aboard 12 anchor handling vessels.The five-year Maintenance Inspection Program (MIP) is the formalization of a cooperation agreement between the two companies following the delivery of 10 new AHTS vessels in 2010, and two additional AHTS vessels that Siem Offshore took over ship management of in 2017.Jon August Houge…
Buyers Seek US Waivers to Buy Iranian Oil amid New Sanctions
South Korea said on Wednesday it would seek U.S. exemptions to buy Iranian oil, a path many big oil consumers are likely to follow in the wake of new U.S. sanctions on Tehran, which will tighten world oil markets and push up prices.Iran is the third-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC) and a key supplier, especially to refiners in Asia.The United States…
Diana Containerships: Q1 Revenue More Than Doubles
Diana Containerships announces its Q1 revenue has more than doubled.Dry bulk shipper's shares jump 64 pct to $2.70, top advancer across U.S.
Norway Launches New Licensing Round in Mature Offshore Areas
Norway will hold a new licensing round for its offshore oil and gas fields in already opened areas, further expanding the exploration acreage available to energy firms, the oil ministry said on Wednesday.Areas in the North Sea, the Norwegian Sea and the Barents Sea will be offered to oil companies, who have until September to submit their applications. The ministry plans to award licenses at the beginning of 2019…
Egypt Approves Oil Exploration Deal with Eni, Tharwa
Egypt has approved an exploration agreement with Italy's Eni and the Egyptian Tharwa company to search for oil and gas in the Mediterranean off the coast of northern Sinai, the Egyptian oil minister said on Wednesday.Under the deal, Eni and Tharwa will spend $105 million in two stages over six years, which involve drilling one well in the first stage and another in the second, Tarek El Molla told journalists.Reporting by Momen Saeed Atallah, writing by Sami Aboudi
Maritime Training: Simulators are the Standard -MarTID Report
When it comes to training bridge officers, simulator training is the standard, with over 86 percent of companies using simulators for this purpose, according to the Maritime Training Insights Database (MarTID) 2018 Training Practices Report.The MarTID report found that a smaller proportion, around 60 percent total, use simulators for training engineering officers.Investment into simulation training will only increase in years to come.
Damen's Boer Secures WISTA Post
Damen’s Head of Communications, Sylvia Boer, has recently been appointed President of the Netherlands chapter of WISTA – the Women’s International Shipping and Trading Association. WISTA the Netherlands was founded in 2000 and currently has 140 members from across the maritime industry. WISTA the Netherlands focuses on a number of priority topics affecting the industry. Amongst these are sustainability…
In 2017, Bouchard Transportation Co. announced its construction plans for ATB unit M/V Evening Breeze and B. No. 252, which is the sister to ATB unit M/V Evening Star & B. No. 250. These Jones Act vessels will include the newest modifications to the Intercon and pin system, and the most technologically advanced equipment in various spaces that are designed to reduce total emissions. Expected delivery is during the early part of 2019.
Inland Drydocks: Location, Location, Location
A recent dry dock rehab project in Chicago provides new options and money saving opportunities for inland and Great Lakes stakeholders alike.From software to steel plating, Indiana-based TPG Marine Enterprises provides a range of services in the Great Lakes and inland waterways markets. River based tug and barge services are based in Jeffersonville and Mt. Vernon, IN, on the Ohio River, as well as on Kentucky’s Green River.
Practical Contributions to the Development of Autonomous Sailing
A great deal of debate and speculation surrounds autonomous sailing. While MARIN does not pretend to know all the answers, it is taking practical steps to assist in its development.The introduction of further autonomy in shipping first aims to facilitate much higher safety standards, but at the same time, a reduction in manning. MARIN is focusing on three main areas in relation to autonomous sailing.
Offshore: Nippon Foundation, Deepstar Sign MOU
Japan's Nippon Foundation and Deepstar signed a Memorandum of Understanding (MOU) recently which essentially will allow Japan to tap the expertise and resources of DeepStar to help Japan discover and recover new-found subsea resources, as well as educate future generations of Japanese. The MOU was signed on May 1, 2018 at the Hotel ZaZa in Houston, and speaking at the event Nippon Foundation Chairman…
Finns Want to Carve Trump’s Face on a Glacier
President Donald Trump reportedly told South Dakota Representative Kristi Noem it is dream to be added to Mount Rushmore.There might not be space for the 45th American president’s likeness alongside some of his most immortal predecessors on Mount Rushmore, but a group of Finnish environmentalists say they want to fulfill Trump’s dream in a different sort of way.Members of a Finnish NGO say they want to commission Project Trumpmore…
Argentina Offshore Auction Attracting Oil Producers
International oil firms including Norway's Statoil, U.S.
Great Lakes Limestone Trade Lags
Great lakes limestone shipments totaled just 1,254,226 net tons in April, a decrease of 23 percent compared to a year ago as the coldest April in more than two decades put a chill on the trade. According to the Lake Carriers’ Association (LCA), loadings trailed the month’s five-year average by even more – 33.3 percent.Loadings at U.S. ports totaled 1.1 million tons, a decrease of 19 percent, while shipments from Canadian quarries totaled 177…