All Company News

At a high-level, there are three solutions to transferring technicians from shore bases to offshore wind farms for construction and O&M activities: crew transfer vessel (CTV), helicopter, and SOVs/CSOVs.SOVs and CSOVs generally house 60-120 technicians offshore for a few weeks at a time, allowing them to transfer to structures on integrated heave compensated gangways, by daughter craft or on CTVs. The vessels are also equipped with cranes, storage, and small workshop areas.SOV: Service operations vessels…

SCHOTTEL will equip Guangzhou Port Group’s latest e-tug with two RudderPropellers type SRP 360 in the LE-Drive variant. The new harbor tug measures 37.9 x 10.5m and will be mainly used for berthing assistance, escorting and towing in the Port of Guangzhou, China. Each SRP has an input power of 1,500 kW and a propeller diameter of 2.2m. The 360-degree steerable thruster combines maximum maneuverability and bollard pull with outstanding efficiency during free sailing, providing…

Mitsui O.S.K. Line (MOL) has taken delivery of the newly built dual-fuel LGP and ammonia very large gas carrier (VLGC) Aquamarine Progress II, which will sail under charter with a Japanese LPG importer and distributor.Ordered by MOL’s company Aramo Shipping (Singapore), the Aquamarine Progress II has been delivered by Namura Shipbuilding.The Aquamarine Progress II will sail under a time charter contract with GYXIS Corporation, a Japanese LPG importer and distributor.The vessel is 230 meters long, with the breadth of 36.6 meters.

Sweden-based construction and development company Skanska has signed the final contract award, worth $612 million, for the upgrade of the South Brooklyn Marine Terminal (SBMT) in New York, which will serve as an offshore wind hub.The project will transform the SBMT into one of the largest dedicated offshore wind ports in the United States and support Empire Wind offshore wind project, which is currently being developed by Equinor off New York.The award will facilitate the demolition of existing buildings…

Wärtsilä will supply the methanol-fueled auxiliary engines for five new container vessels for COSCO Shipping Lines and seven new container vessels for Orient Overseas Container Line.Each vessel will operate with three 8-cylinder and two 6-cylinder Wärtsilä 32M engines. This is the Chinese maritime sector’s largest order to date for methanol-fueled newbuild vessels. The order was booked by Wärtsilä in December 2023.To complement the solution, the ships will be equipped with the Selective Catalytic Reduction (SCR) exhaust cleaning systems and alternators.

Cobham Satcom and China TranTech Technologies have signed a contract which includes the largest delivery of SAILOR XTR Ku VSAT antennas to the Chinese market so far, supported by an extensive training and global service program.China TranTech is a subsidiary of China Transport Telecommunication Information Group Company Limited (CTTIC) and the only maritime satellite safety communication provider in China.SAILOR 1000 XTR Ku antennas deliver dependable, high-speed connectivity that vessel crews need to optimize remote marine operations at sea.

Norway's Equinor is confident of finding an investor for its planned Empire Wind 1 offshore wind farm in New York after a new power off-take agreement improved the project's economics, the company said on Thursday.New York State authorities in February awarded the project a new conditional power purchase contract, replacing a previous deal that was no longer competitive due to rising construction costs, higher interest rates and supply chain snags.Equinor was glad to have received the new contract, which significantly changed the economics of the project, CFO Torgrim Reitan told analysts durin

A company’s lack of requirements for crew to regularly check below-deck compartments led to undetected flooding and the eventual capsizing of a dredging vessel last year on the Mississippi River, the National Transportation Safety Board (NTSB) said Thursday.Wood Resources' owned and operated non-propelled dredging vessel WB Wood capsized on the early morning of Jan. 16, 2023, during dredging operations. Before the capsizing, the dredge had been in the same location for nine days, pumping sand from the riverbed to a pit on the west bank.

Royal Caribbean Group raised its annual profit forecast for a second time and beat expectations for first-quarter profit and revenue on Thursday, with half of its growth coming from higher ticket pricing.Soaring demand for vacations at sea has given cruise operators ample room to raise ticket prices as the industry looks to close the pricing gap with land-based vacations and give their profits a lift."What transpired over the past three months was even better than our already elevated expectations," Royal Caribbean Group CEO Jason Liberty said.

The end may be in sight, but the race for bigger cranes is still having an impact on offshore wind project efficiency.The industry has already felt the need for upgrading crane lifting capacity on existing offshore wind installation vessels: NOV is upgrading the cranes on Cadeler’s existing O-class wind turbine installation vessels (WTIVs), and a gantry crane extension will soon make Van Oord’s Svanen one of the largest floating heavy-lift installation vessels.It’s a newbuild phenomenon too. NOV has developed a telescoping leg encircling crane for Shimizu’s GustoMSC-designed WTIV Blue Wind.

Russia's state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India amid Western sanctions.A raft of sanctions by the U.S. and allies against Moscow over its Ukraine invasion, along with tighter scrutiny of Russian oil trade, has almost cut Russia off from the global network of service providers such as insurers and brokers.Russian companies Sogaz Insurance…

Babcock has been awarded the contract to manage the Type 23 class frigate Refit Support Group, allowing the company to take end-to-end responsibility for vessel upkeep and regeneration in preparation for handover to the ship’s crew.This innovative change follows more than five years of close working between the Royal Navy-led Refit Support Group and Babcock.It frees up UK Royal Navy personnel for front line operations and creates new and exciting roles for 40 Babcock engineering technicians and managers at its Devonport facility…

Norwegian shipowner MPC Container Ships (MPCC) has signed a $55 million pre and post-delivery ECA covered financing agreement with Deutsche Bank and SINOSURE for its two dual-fuel methanol newbuildings.The vessels are scheduled for delivery towards the end of 2024 and are secured by 15-year time charter agreements with North Sea Container Line (NCL). The loan matures in 2036, according to MPCC.Chinese-based shipyard Taizhou Sanfu Ship Engineering is in charge of the construction…

Damen Shipyards has launched a Combi Freighter (CF) 3850 at the Ba Son Shipyard in Vietnam, built for German shipping company Reederei M. Lauterjung.The CF 3850 is the first in a two-vessel order from Reederei M. Lauterjung. Following this order, Damen’s client has placed an order for a third CF 3850.The vessels are to be named MV Arion, MV Hestia and MV Neptune.Upon delivery, MV Arion and MV Hestia will enter into a long-term charter with Amadeus Schiffahrts- und Speditions, a subsidiary of HGK Shipping.

China is providing moorage for a U.S.-sanctioned Russian cargo ship implicated in North Korean arms transfers to Russia, according to satellite images obtained by Reuters, as U.S. concerns grow over Beijing's support for Moscow's war in Ukraine.Britain's Royal United Services Institute (RUSI) think tank said the Russian vessel Angara, which since August 2023 has moved to Russian ports thousands of containers believed to contain North Korean munitions, has been anchored at a Chinese…

UK-based small-scale liquefied natural gas (LNG) supplier Avenir LNG has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering in China, a subsidiary of CIMC Enric, for two new LNG bunker and supply vessels.The two 20,000 cbm LNG bunker and supply vessels are scheduled to be delivered in the fourth quarter of 2026 and the first quarter of 2027.The newbuildings will feature new Type C tank designs, lower boil off rates, the latest engine technologies…

Thyssenkrupp appealed against a decision by the Netherlands last month to award a contract worth billions of euros to build submarines to France's Naval Group, the German company said.Thyssenkrupp Marine Systems (TKMS), the German conglomerate's defence division, filed the objection with the District Court in The Hague in late March, the company said in an e-mailed statement."This measure is a professional business procedure in such publicly tendered major projects and part of the competition - especially in light of the questions that remain unanswered regarding specific evaluation criteria…

Maersk may resume some shipping services at the Port of Baltimore when a temporary channel is opened to give access for commercially essential vessels that remain blocked by a collapsed bridge, the company said."This channel, with a controlling depth of 20 feet, could potentially allow Maersk and other carriers to operate limited barge services into and out of the Port of Baltimore," Maersk said in a statement.The group last Wednesday said the port's alternate shipping channels…

Simulation-based training has its whole-of-ship/whole-of-team scenarios, but zooming in, the industry is now working on more specific targets.We have a close relationship with technology, evidenced by, for example, the phones we are estimated to unlock around 50-80 times a day. It has changed us. Half the people surveyed in a 2022 King’s College London study said that they feel like their attention span is shorter than it used to be. They are wrong, though, if they think that the average attention span of adults today is just eight seconds, one second less than goldfish.

Wallenius Wilhelmsen has signed a 20-year lease agreement with the Georgia Ports Authority (GPA), with options up to 30 years for Brunswick port expansion, increasing its strategic terminal and processing networkUpgraded and enlarged Brunswick facilities will further expand the scope and scale of U.S. Southeast operations of Wallenius Wilhelmsen, which is the world's largest RoRo vessel operator.The Brunswick expansion will further cement the company’s position as the favored partner for North American customers…

Australian steelmaker Bisalloy shares have risen some 40% since December 2023, powered by defence deals signed as part of the AUKUS nuclear submarine deal between Australia, Britain and the United States.Defence contractors large and small are looking at the $237 billion plan to build Australia a fleet of nuclear-powered submarines as a decades-long source of work. Australia will build the vessels to a British design with U.S. technology.Bisalloy said earlier this month it had signed a deal to sell a shipment of steel to part of U.S. shipbuilder Huntington Ingalls Industries, maker of the U.S.

ABS Wavesight has appointed software and digital technology leader Staci Satterwhite to serve as Chief Operating Officer (COO), a new role for the maritime software as a service (SaaS) affiliate of ABS.Most recently serving as the COO of Khoros, a Vista private equity portfolio company, Satterwhite has extensive and diverse global experience helping develop and transform software and digital solutions.As COO, Satterwhite is responsible for leading product development and further enhancing customer interactions and experiences.

Hess Corp on Wednesday said its board has set April 12 as the record date for the determination of the stockholders entitled to vote on the proposed merger with Chevron Corp.Shareholders will vote on the proposed deal in a meeting whose date is yet to be set, the company said in a U.S. securities filing. Neither Chevron nor Hess can predict the actual date on which the transaction will be completed, it said in the filing.Exxon Mobil and CNOOC Ltd filed cases before the International Chamber of Commerce last month…