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…
COVID-19-hit Asia Ships More Gasoline to U.S.
Exports of gasoline and blend stocks from Asia to the United States rebounded in May from April, including two rare shipments from India, to meet rising summer demand in the west, industry sources and analysts told Reuters.Global gasoline demand growth has shifted back to the United States and Europe, where widespread COVID-19 vaccinations are spurring more travel. In contrast, fuel use in Asia outside China has slowed recently as India…
NYK Subsidiary, MarCoPay Test Paying Seafarers' Salaries in Digital Currency
An NYK Group shipmanagement subsidiary has begun to pay seafarers’ salaries in digital currency issued by MarCoPay Inc., a joint venture of NYK and the Transnational Diversified Group in the Philippines.After a successful March 2020 trial distributing electronic currency to seafarers at sea for the first time in the world, MarCoPay Inc. subsequently received approval from Philippine ministries and…
Feature Product: Fire-retardant Sylomer Marine Helps to Minimize Vibration
Austria's Getzner Werkstoffe received ClassNK type approval certification for "Primary Deck Covering" for its fire-retardant Sylomer Marine product line.The material is used in floating floors, decoupling passenger and crew cabins, wheelhouses and engine rooms to maximize the comfort level for the ship crew and passengers.Floating FloorsThe elastic polyurethane Sylomer Marine FR can be used on ships in floating floor applications. Different material types for various payloads are available.
VesselsValue Launches Small Dry Trade Coverage
VesselsValue, a company providing valuations and data on a variety of vessels globally, has launched Small Dry as part of Trade offering plus updated Small Dry Values."VesselsValue is pleased to announce [it is] now covering Small Dry Trade as well as having undergone a thorough review and update of their daily automated values," the company said.Commenting on the launch, Christian Faber, Small Dry…
Castor Maritime Takes Delivery of 2011-built Dry Bulk Vessel
Shipping company Castor Maritime has taken delivery of the M/V Magic Eclipse, the 2011 Japanese-built Panamax dry bulk vessel.The company, which owns a fleet of tankers and dry bulk carriers, announced the deal to acquire the vessel back on April 9, 2021. It at the time said it would pay $18.48 million for the vessel"The M/V Magic Eclipse acquisition was financed in its entirety with cash on hand,"…
Harbour Energy Charters Two Solstad PSVs
Oil and gas company Harbour Energy has chartered two large platform supply vessels from the Norwegian offshore vessel owner Solstad Offshore.Solstad Offshore said Thursday that the long-term contracts with Harbour Energy were for the Normand Service and Normand Supra vessels.The contracts are for a period of two years firm.
Gallery: Allseas' Giant Vessel Removes Morecambe Bay Platform Topsides
Offshore services firm Allseas said Wednesday it had removed the former DP3 gas production topsides from Spirit Energy’s Morecambe Bay development in the East Irish Sea, using the giant Pioneering Spirit vessel.This follows the removal of the adjacent DP4 topsides and subsequent transport to the UK in April. The two normally unmanned installations used to produce gas as part of Spirit Energy’s complex of eight installations in Morecambe Bay.
Fincantieri to Deliver 8 Navy Ships to Indonesia
Italian shipbuilder Fincantieri has signed a contract with the Ministry of Defense of Indonesia, for the supply of 6 FREMM class frigates, the modernization and sale of 2 Maestrale class frigates, and the related logistical support. Fincantieri will be the prime contractor for the entire program. The company did not share financial details."The construction of the frigates will ensure significant employment benefits not only for several Italian shipyards of the Group in the next years…
Shearwater GeoServices Recycles Seismic Vessel
Marine seismic contractor Shearwater GeoServices has sold the seismic vessel Western Trident for recycling as part of the company’s fleet renewal strategy.The vessel has been delivered in Turkey for recycling. In late 2020, Shearwater also sold the CGG Alize vessel to be repurposed outside of the seismic industry.Shearwater said the vessel sales, coupled with the company's recent acquisition of six modern seismic vessels…
Technip Energies Hires Havfram for Tortue Ahmeyim FPSO Work
Norwegian offshore services company Havfram, previously known as Ocean Installer, has won a contract with Technip Energies in Africa.The contract is for the pre-installation and subsequent hook-up of the subsea mooring system for a natural gas FPSO to be deployed at the Greater Tortue Ahmeyim project, on the maritime border of Mauritania and Senegal.Technip Energies in 2019 won a contract from BP for the engineering…
Ulstein Verft Floats Out New Ship for Lindblad Expeditions
Norwegian shipbuilder Ulstein Verft on Tuesday floated out the latest expedition cruise ship for U.S.-based Lindblad Expeditions Holdings, Inc.The new ship, National Geographic Resolution, is a sister vessel to the National Geographic Endurance delivered in 2020, she is the second polar new build for the line.The 126-guest vessel is fully stabilized with the highest ice class (PC5 Category A) of any purpose-built passenger vessel.
Ingalls to Hire Approximately 3,000 Full-time Shipbuilders
America's largest military shipbuilding group Huntington Ingalls Industries (HII) said its Ingalls Shipbuilding division plans to hire approximately 3,000 full-time shipbuilders.Ingalls’ talent acquisition team has been recruiting across Mississippi, Alabama and Louisiana, and will return to Pascagoula on June 10 to host a hiring event at Ingalls’ new human resources building. The company is hiring ship fitters…
National MDA Executive Steering Committee Excellence Award Announced at Maritime Security East
Customs and Border Protection Air and Marine Operations Supervisory Air Interdiction Officer Ali Baig recognized for promoting regional maritime securityThe National Maritime Domain Awareness (MDA) Executive Steering Committee annual national level “MDA ESC Excellence Award for 2021 for law enforcement was presented to U.S. Customs and Border Protection Air and Marine Operations Supervisory Air Interdiction Officer Ali Baig of the Jacksonville Air and Marine Branch.
Austal USA Wins Contract for Autonomous EPF
The U.S. Navy has awarded shipbuilder Austal USA a $44 million contract to establish the expeditionary fast transport USNS Apalachicola (EPF 13) as an autonomous prototype.Austal USA, builder of the Spearhead-class EPF, will design, procure, implement and demonstrate EPF 13 as an autonomous platform. This award builds on Austal USA’s previous autonomous work for the U.S. Department of Defense.The enhancements…
De Nora Acquires Hyde Marine
De Nora said it has acquired Calgon Carbon Corporation's UV Technologies Division (CCUV), including the products, brands and assets of UV ballast water management systems (BWMS) manufacturer Hyde Marine as well as municipal and industrial water treatment brands RAYOX, SENTINEL and C3 SERIES UV.The acquisition was signed on June 7 and is expected to close on July 1, De Nora said.By combining De Nora…
Panama Ship Registry Grows by 3.2 Million GT
The world's largest ship registry continues to grow despite the COVID-19 pandemic. During the first four months of this year, 104 newly built vessels were registered to the Panama Ship Registry, representing 3.2 million GT.At end of April 2021, the Panama Ship Registry fleet aggregated 8,652 ships with 236.5M GT, according to IHS Markit, an increase of 1.6% in the number of ships and 2.58% in tonnage…
Analyzing Boat Maintenance Data Isn’t Rocket Science… Or Is It?
Navy Expeditionary Combat Command (NECC) operates hundreds of boats all the way from a 7-meter Rigid-Hulled Inflatable Boat (RHIB) to a 78-foot patrol boat, as well as construction equipment such as cranes, bulldozers, pumps, cranes, vehicles and chain saws and Explosive Ordinance Disposal (EOD) equipment.Maintaining all of it comes under the watchful eye of Force Maintenance Director Dave Noel.“I’m the guy that fixes the equipment we buy,” Noel said.
The Navy’s Big Fleet of Small Boats
The Navy is known for its big ships. It has a lot of smaller boats and craft, too—3,200 of them.The three primary stakeholders for these craft are the Surface Fleet, Commander Navy Installations Command and Navy Expeditionary Combat Command. Other stakeholders include Submarine Forces; Air Forces (which own the aircraft carriers); Naval Special Warfare; the Coast Guard; Naval Facilities Command and…
