Contract Management News

BIMCO and Hunit have launched a joint pilot project with the aim to reduce risks, cut manual workloads, and modernize the way the maritime industry works with standard contracts.The pilot project will address challenges such as rising operational demands driven by sanctions regimes, increasing safety and emissions requirements, insurer expectations for transparency, and more frequent inspections, to name a few.Today, much of this work to is still managed through PDFs, inboxes…

Technology group Wärtsilä and TMS Cardiff Gas have renewed their existing Lifecycle Agreement, covering the two-stroke main engines onboard seven LNG Carrier vessels, for a further five years.The agreement is designed to ensure the vessels’ maximum operational reliability by enabling flexible maintenance scheduling and optimizing time between overhauls (TBO).The seven vessels each operate with two WinGD 5X72DF dual-fuel two stroke engines and Wärtsilä gas valve units.The scope of the agreement includes Wärtsilä’s Dynamic Maintenance Planning service…

Sea, the intelligent marketplace for fixing freight, and Pole Star Global, the maritime compliance authority behind PurpleTRAC, have together transformed how charterers, compliance teams, and legal administrators manage regulatory risk.Now fully integrated, Sea’s Recap Manager, a solution for recap and contract management, and PurpleTRAC’s sanctions screening and vessel monitoring solution are powering a smarter, faster, and more secure approach to fixing freight in the tanker market. With 100% screening certainty, every vessel that is entered in Recap Manager is automatically vetted.

Technology group Wärtsilä has signed a ten-year lifecycle agreement with Hong Kong-based OPearl LNG Ship Management covering a total of 14 LNG carrier vessels.The agreement is designed to ensure the vessels’ maximum operational reliability by enabling flexible maintenance scheduling and optimizing time between overhauls (TBO).The scope of the agreement includes Wärtsilä’s Dynamic Maintenance Planning solution, which will provide flexible maintenance scheduling and extended maintenance intervals…

We are at the one-year since the Francis Scott Key (FSK) Bridge collapsed over the Patapsco River’s Fort McHenry Channel in Baltimore, Maryland. Nearly 100 percent of the wreckage and debris removal was conducted by the Jones Act private sector U.S. maritime industry. The FSK collapsed at about 1:28 a.m. local time on March 26, 2025 after the container ship MV DALI lost power and collided with one of bridge’s support piers. Six construction workers died in the collapse, while two other workers survived the fall into the freezing water.

From a distance, the scene is unmistakable—a Rijkswaterstaat vessel docked alongside an icebreaker being transformed into an expedition yacht. For those familiar with the maritime industry, this signals the renowned Damen Maaskant shipyard in Stellendam.“I’ve been walking these grounds since childhood. My father sailed on fishing vessels built here,” shares Managing Director Eric Moerkerk. With deep roots in the trade, Eric now leads Damen Maaskant, implementing innovative project…

Van Oord concluded 2023 with revenue reaching record high and profits more than doubled.The company saw revenue growth across both its Dredging & Infra and Offshore Energy business units, which resulted in a significantly revenue increase of 42% to EUR 2.9 billion from EUR 2.0 billion in 2022.Net profit doubled to EUR 127 million from EUR 60 million in 2022. High fleet utilisation and the continued sharp focus on risk and contract management contributed to the improved results.The order book increased by 3% to EUR 4…

A new maritime and industrial project management firm, Waypoints Projects, has officially launched. Founded by Thomas van Tol, Waypoints Projects offers expert project support and training for businesses before, during and after projects. Van Tol started his career as a project manager at Damen, and over the years rose to project director, heading up large projects worth over €100 million  and 100 of staff. In 2020, he co-founded The Synergy Partner, a maritime consultancy firm focused on maritime project management…

Wilhelmsen Ship Management has appointed Felina Lin as its new Vice President of Services and New Growth.Responsible for growing the company's ship management’s service portfolio, Lin  will launch conventional and innovative services that supplement Wilhelmsen Ship Management's core business, the company said.Lin brings in over a decade of commercial experience from her role working in ship owner and ship manager for the offshore and marine segment. Having a full spectrum of all dimensions…

When Hurricane Michael slammed the Florida Panhandle in October 2018, the deadly category 5 storm inflicted billions in damages to the region, tearing apart homes and businesses in its path. Among those severely impacted was Eastern Shipbuilding Group, which suffered a nearly direct hit at its Allanton shipyard, located about 15 miles east of the company’s headquarters and main yard in Panama City.Eastern, which had been scheduled to begin building the first of up to 11 Heritage-class Offshore Patrol Cutters (OPC) for the U.S.

Since the acquisition of ALL NRG in August 2021, Swire Energy Services Wind division has seen several new senior appointments, with the most recent being that of Jan Harrestrup as Head of Commercial.Leading the commercial team, Harrestrup will be responsible for global business development, contract management and sales, in addition to procurement and the general management of SES Danish entity, Swire Energy Services A/S.Prior to his appointment Harrestrup held the role of Head of Sales with B&R Automation Danmark.

The first MV7000 drives for the LSS FLOTLOG program has successfully passed their Factory Acceptance Tests at GE Power Conversion Nancy Factory, reaching a first milestone for the new fleet of logistic support ships (LSS) of the French Navy.It follows the contract signed in 2020 between GE Power Conversion and Chantiers de l’Atlantique to provide systems for the four LSS to be built by the Shipyard for the French Navy, under the contract management of the Organisation for Joint Armament Co-operation (OCCAR)…

A new utility/passenger vessel has been delivered and will soon go to work for the U.S. National Park Service (NPS) to serve Ellis Island and the Statue of Liberty.The all-steel newbuild, designed by New Orleans-based TAI Engineers, LLC, has been named Annie Moore after the first immigrant, a 15-year-old Irish girl, who signed the Ellis Island register."TAI has designed and built many boats and ships, but this project is particularly special to me," said Anil Raj, President of TAI. "My very first arrival to the United States was via New York in 1969.

America's largest military shipbuilder Huntington Ingalls Industries announced Friday that Keith Munn has been promoted to vice president, business management, and chief financial officer for its Ingalls Shipbuilding division in Pascagoula, Miss.Effective February 15, Munn will be responsible for all financial management, contract management and business management functions at Ingalls, reporting to Ingalls Shipbuilding President Brian Cuccias. Munn replaces Tom Stiehle, who has…

Wärtsilä said it has established its latest Expertise Center (EC) in Singapore to provide support functions, including operational support and dynamic maintenance planning, for marine and energy customers.Together with nine other Wärtsilä EC units around the world, the new center supports Lifecycle Solution agreement customers with advice and recommendations based on the analysis of data from monitoring the condition and performance of the specified machinery.Based within the company’s Acceleration Center facilities…

French industrial group specialized in naval defense Naval Group held a steel-cutting ceremony to mark the start of construction on the first-in-class vessel, the French Navy's first defense and intervention frigate (FDI)  that is natively protected against cyber threats.The ceremony was led in the presence of the Minister for Armed Forces, Florence Parly, the Head of the French Armament Directorate (DGA) Délégué général pour l’Armement, Joël Barre, the Chief of Staff of the French Navy Christophe Prazuck, the Chief of the Hellenic Navy Nikolaos.Sylvain Perrier, Naval Group Director of the FDI program declared during this event: “Today, after the successful completion of the initial studies and development phases, we are proud, to reach this first industrial milestone.

V.Ships Leisure, part of V.Group, a global marine support services provider, has partnered with Mystic Cruises to provide crew management services including deck, engine, and hotel crew for the 9,300 GRT ice-classed vessel World Explorer.The vessel, which is currently under the final stages of construction at WestSea Viana Shipyard in Portugal will be delivered to Mystic Cruises in Q2 2019. With capacity for 200 passengers, World Explorer will be Mystic Cruises’ first newbuild expedition vessel…

The international owner of containerships Danaos Corporation  has partnered with iMarine Software, fully integrating the maritime e-procurement solution 'SeaProc eProcurement' platform into their system.Danaos Web Enterprise Suite is a web-enabled maritime software suite that automates all the daily functions of any shipping company, said a press release from the developers of marine information systems.Combining comprehensive maritime domain knowledge with advanced technology expertise, Danaos provides maritime software for the ship owner, ship manager, broker, operator, charterer or accountant, it said.Danaos’ web-enabled software solutions encompass the full spectrum of the shipping industry’s processes…

Steelhead Asia, a unit of the Canadian LNG export project developer Steelhead LNG, said that Marina Surzhenko has taken the role of Director LNG.Based in Singapore, Marina is responsible for developing Steelhead’s business in Asia as well as leading the negotiations of LNG offtake contracts.Marina is an energy and investment management executive with 20 years of global experience in gas and LNG contracts negotiations and contract management. During her time at Shell and Gazprom, she worked on a wide range of gas and LNG infrastructure projects, as well as structured and negotiated multibillion dollar arrangements, LNG sales agreements…

As part of a continued effort to invest in Boston-area water transportation, the Massachusetts Bay Transportation Authority (MBTA) recently welcomed a new high-speed catamaran ferry, Champion to its fleet with support from STV, a leading engineering, architectural, planning, and construction management firm. Champion is the first new passenger ferry vessel procured by the MBTA. It was also the first new water-borne vessel procurement supported by STV, which has a long-standing history of providing procurement support services for rail and bus vehicles to the MBTA and other transportation agencies throughout North America. The new ferry will provide service between Hingham, Hull, Logan Airport and downtown Boston.

Crowley Maritime Corp.’s solutions group announced that it is reorganizing and establishing new leadership to better serve customers in need of engineering, project management and government services. Solutions is the company’s dedicated, full-service engineering, project management and government services team, reporting to Crowley’s Todd Busch, senior vice president and general manager, technical services. Jay Edgar, who is new to Crowley, has been appointed vice president and leader of the company’s newly formed engineering services team…

As industry increasingly evolves on the digital transformation path, inevitably the focus turns to the move toward cloud computing. Last month Maritime Reporter & Engineering News spoke with Howard Fireman, SVP and Chief Technology Officer of the American Bureau of Shipping (ABS) for take on how industry innovators – large and small – in the shipbuilding and marine equipment sectors are leveraging inherent advantages of cloud computing to better position themselves for the competitive long-haul.

Brazil on Wednesday pushed back its forecast for a first oil shipment from its promising offshore Libra prospect to the first quarter of next year, months after its previously projected October 2017 estimate made in May.   Hercules Tadeu F. da Silva, contract management director at Brazil's state-run Pre-Sal Petroleo SA, a company created to help guide development of Libra, declined to explain the cause of the delay. (Reporting by Simon Webb)