No Change on Sailing Plans after New COVID-19 Cases, Cruise Lines Say
Royal Caribbean Group and Carnival Corp will push ahead with a return to cruises this summer despite two guests onboard Royal Caribbean’s Celebrity Millennium ship testing positive for COVID-19.A year after several cruise ships were host to major coronavirus outbreaks and with large numbers of Americans now vaccinated, cruise lines have been striving to get the business going.Shares in Royal Caribbean…
Petrobras Orders $2.3B FPSO from Saipem, DSME JV
Italian offshore engineering and construction firm Saipem, in a joint venture with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME), has won a contract with Brazil's Petrobras to build an FPSO for the Búzios offshore field in Brazil.The FPSO P-79 project is worth overall approximately $2.3 billion. Saipem’s portion is approximately $1.3 billion.The FPSO vessel will allow…
Spanish Rescuers Searching for Missing Toddler after 6-year-old Girl Found Dead at Sea
Spanish rescuers were searching the waters off the coast of Tenerife for a one-year-old girl on Friday after the body of a six-year-old girl, presumed to be her sister…
U.S. Joins Norway, Denmark to Develop Emission-free Ship fuels
The United States is working with Norway, Denmark and other countries to develop zero-emissions fuel options for ships as part of a push to de-carbonize the industry, officials involved said.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions.In April, U.S. climate envoy John Kerry said Washington would join an international effort to achieve zero emissions in the global shipping industry by 2050.The U.S.
Nord Stream 2 to Start Work on Filling Pipeline
Russia's Nord Stream 2 gas project will start preparations on Friday to fill the first of two pipelines with natural gas within a few months, the Gazprom-led project said on Thursday.Nord Stream 2, which runs on the bed of the Baltic Sea from Russia to Germany, bypassing Ukraine, has faced criticism from the United States, which says it will increase European reliance on Russian gas."Starting from tomorrow…
TotalEnergies Ramps up R&D into Ammonia as Marine Fuel
TotalEnergies announced today that it is extending research into the viability of ammonia as an alternative marine fuel, entering into a Memorandum of Understanding (MoU) with 22 companies across diverse industries to initiate a joint study on ammonia as an alternative marine fuel. These industries include energy, mining, power utility, chemical, terminal, shipping, shipbuilding, manufacturing, bunkering…
Standard Drilling Agrees to Sell Standard Olympus PSV
Oslo-listed offshore vessel owner S.D. Standard Drilling Plc. has agreed to sell the Standard Olympus platform supply vessel for $7.5 million to an undisclosed buyer."The sale of Standard Olympus will result in a gain for Standard Drilling of gross USD 1.3 million," the company said.The vessel is a large Platform Supply Vessel (PSV), built at Havyard Ship Technology AS, Norway, in 2014, with 800m2 deck space.
LNG Primed for Strong Growth on Asian Demand
Liquefied natural gas (LNG) prices are poised for more gains as gas-hungry China guzzles cargoes to feed a rebound in economic growth while the easing of coronavirus-induced restrictions restores industrial demand in India.Higher oil and coal prices have also helped lift global gas prices with spot Asian LNG prices <LNG-AS> doubling in just three months."We believe this has been driven by a tightening…
Congestion at Container Shipping Ports in Southern China Worsens on Anti-COVID-19 Measures
Congestion at container shipping ports in southern China is worsening as authorities step up disinfection measures amid a flare-up in COVID-19 cases, causing the biggest backlog since at least 2019.More than 150 coronavirus cases have been reported in Guangdong province, a key manufacturing and exporting hub in southern China, since the latest wave of cases struck in late May, triggering local governments…
Kongsberg Maritime to Design, Equip Awind's New Offshore Wind Vessels
Norway's Kongsberg Maritime has secured contracts with China Merchant Heavy Industries (CMHI) to design and equip two construction service operation vessels (CSOV) for Awind AS.Awind AS is a Norway-based offshore ship owner and a subsidiary of Integrated Wind Solutions AS. The combined contract value for Kongsberg Maritime is approximately NOK 250 million ($30,2 million).Destined for the offshore wind market, the new CSOVs will be built to Kongsberg Maritime’s UT 5519 DE design by CMHI.
Two Guests on Royal Caribbean's Cruise Ship Test Positive for Covid-19
Cruise operator Royal Caribbean said on Thursday two guests onboard its Celebrity Millennium ship have tested positive for COVID-19, but are asymptomatic and currently in isolation.The guests, who were sharing a room, are being monitored by the company’s medical team, the cruise operator said, adding that it was conducting contact tracing, expediting testing for all close contacts of the individuals.Celebrity Millennium was one of the first cruises in North America to restart sailing last week,
Navios Announces Delivery of Three Vessels
Navios Maritime Partners L.P., an owner and operator of dry cargo vessels, has taken delivery of the following three drybulk vessels: Navios Amitie - a 2021-built…
Top U.S. LNG Exporter Launches Effort to Measure Emissions
Cheniere Energy Inc, said on Thursday it would quantify carbon emissions from its suppliers and production sites and supply the information to customers.LNG buyers have begun asking suppliers for natural gas sourcing data and greenhouse gas emissions to reduce their own carbon footprints. Several LNG producers are proposing adding carbon capture and storage alongside their LNG projects.Cheniere said…
Fincantieri Inks Deal to Support Daewoo in Aircraft Carrier Design
Fincantieri signed a contract with Daewoo Shipbuilding & Marine Engineering (DSME) to support the Conceptual Design of the new class of aircraft carriers “CVX” for the Navy of the Republic of Korea (South Korea).The program relating to the first-in-class unit envisages the tender for the Basic Design starting from the second half of 2021, whereas the detail design and construction will begin in the following years.The signing took place between Jung Woo Sung…
Enterprise Revisited: Titanium is the USCG Vessel Procurement Magic Bullet
In my May 2020 MREN USS Enterprise column I made a reference to the benefits of titanium as a hull structural material.It related to the life of the USCG cutter Bear and I concluded the column with a suggestion that titanium would be a particularly useful and cost-effective structural material for sail training vessels, aircraft carriers, research vessels, cruise vessels, tugs and Staten Island ferries.
Diana Shipping Bags Charter for Capesize Dry Bulk Vessel
Dry bulk shipping company Diana Shipping has secured a charter contract for its m/v Boston Capesize dry bulk vessel.The charter is with C Transport Maritime Ltd., Bermuda, with the gross charter rate set at US$25,500 per day, minus a 5% commission paid to third parties, for a period until a minimum of April 15, 2022, up to a maximum of June 15, 2022.The charter is expected to start on June 15, 2021. The m/v Boston is currently chartered, as previously announced, to Oldendorff Carriers GmbH & Co.
If EURO2020 was Decided by Shipping-related Factors, Who Would Win?
The European Football Championship is on the verge –and kicking off on Friday June 11. Therefore, BIMCO’s shipping number of the week had to be football-infused today. Adding extra topping to this sporting feast is the fact that the 2021 Copa America starts at the same time.If the result was decided by COVID-19, anything can happenSeveral national football teams have already seen the supply of their top footballers disrupted by the pandemic…
Fincantieri Taps Somec for Glass Enclosures on Nine Cruise Ships in Order Worth $121,8M
Italian company Somec has secured new orders worth 100 million euros (~$121,8 million) from Fincantieri to equip nine newbuild cruise ships.The contract, secured by Somec's Seascape division – Marine Glazing and Marine Public Area segment - is for turn-key glass enclosures and public areas projects in the Italian shipyards of Marghera, Monfalcone, and Ancona for nine new-build ships to be delivered between 2022 and 2028.
Trafigura Posts Highest-ever First Half Profit
Global commodities trader Trafigura on Thursday posted its highest-ever first-half net profit and core earnings, largely driven by the economic recovery.The Geneva-based trader's net profit rose to $2.1 billion for the period ending March 31, from 500 million the previous year. The company's financial year ends on Sept. 30.Revenue rose 19% to $98 billion while core earnings were $3.7 billion, up over 50% from a year before.
UK MCA to Conduct Surprise Inspections of Fishing Vessels after Fatalities Spike
Surveyors from the UK Maritime and Coastguard Agency are to carry out unannounced inspections of fishing vessels across the UK with the aim of increasing safety in the industry after a growing number of fatalities."The inspections are being carried out as part of ongoing work around fishing vessel safety in an industry-recognized to be one of the dangers in the world," the MCA said.According to the Agency…