NYK Fixes Newbuild LNG Carrier with Edison
Japanese shipping and logistics giant Nippon Yusen Kabushiki Kaisha (NYK) has signed a contract with Edison SPA, a Milan-based energy company, to charter out a newly built liquefied natural gas (LNG) carrier for up to 20 years, including optional extension periods.The vessel is scheduled for delivery in 2022 from Hyundai Samho Heavy Industries Co. Ltd. The newly built LNG carrier will be propelled by WinGD-manufactured, dual-fuel slow-speed diesel engines.Dual-fuel slow-speed…
Wärtsilä to Equip Knutsen LNG Carrier
Wärtsilä said it will provide an integrated propulsion and cargo handling solution for a new 30,000-cubic-meter liquefied natural gas (LNG) carrier being built at the Hyundai Mipo Dockyard (HMD) in South Korea on behalf of Norway based Knutsen OAS Shipping.Under a 12-year long term charter, the vessel, expected to be delivered during the first half of 2021, will be operated by Knutsen and chartered to Edison S.p.A, an Italian energy services provider. It will be used to supply coastal LNG deposit terminals in Italy.The order with Wärtsilä was booked in January 2019…
OSV Market: Which Way is Up?
Any analysis of markets for offshore service vessels (OSV) usually begins with analogies to rough weather, best of times/worst of times or similar. OSV expert Seabrokers, with a home base in Stavanger, Norway, in the February edition of its Seabreeze market report follows this convention with a description of the “feast or famine” conditions in the North Sea. Recent day rate action highlights the localized nature of markets for anchor handlers (AHT), platform supply vessels (PSVs) and similar equipment…
FERC Approves Venture Global LNG Terminal
The Federal Energy Regulatory Commission (FERC) cleared Venture Global Calcasieu Pass LLC’s proposed liquefied natural gas export project in Cameron Parish, Louisiana, marking the first authorization in two years for a new LNG export facility.Venture Global LNG Inc. said it will start construction immediately on its $5 billion Calcasieu Pass liquefied natural gas export terminal in Louisiana. FERC also cleared TransCameron Pipeline LLC’s associated natural gas pipeline."With our FERC order in hand and our project contracted with binding 20-year sale and purchase agreements (SPAs) with Shell…
Offshore Wind: Good Supply, Growing Demand
In its 2019 “Annual Energy Outlook” the US Energy Information Administration (EIA) projects that electric generation from renewables (wind, solar, hydro) will go from 500 billion KWh in 2018 to 1500 billion KWh in 2050, just 30 years from now.“The AEO highlights the increasing role of renewable energy in the US generation mix,” said EIA Administrator Linda Capuano. “Solar and wind generation are driving much of the growth. In fact, our reference case projects that renewables will grow to become a larger share of U.S.
Inland River Cruising: 2019 Will Be Busy
One year ago, we reported on vacation river cruising, presenting an industry mostly on the optimistic side of growth and expansion for 2018. This year’s review is more geographically limited – to the Mississippi River, heartland cruises centered among New Orleans, Memphis, St. Louis and St. Paul – but with links important for a lot of smaller cities in between.Big picture:This industry is strong, at least among its two major players: American Cruise Lines and the American Queen Steamboat Company. Both have extensive and varied schedules for 2019.
Seabury Maritime Expands Executive Team
The global maritime and transportation investment bank and industry advisory Seabury Maritime PFRA (SMPFRA), a division of Seabury Capital Group, announced the appointment of Fernando Lehrer as Executive Director, Head of Marine Services, and Nikos Petrakakos as Vice President, Head of Maritime Environmental Innovation.Lehrer and Petrakakos are joining the SMPFRA’s leadership to further advance the company’s strategy to provide an integrated platform to its clients that delivers…
FERC Green Signal for Calcasieu Pass LNG
Venture Global LNG announced that the U.S. Federal Energy Regulatory Commission (FERC) has issued the final Environmental Impact Statement (EIS) for the company’s 10 MTPA Calcasieu Pass facility on the Gulf of Mexico.On August 31, 2018, FERC notified Venture Global LNG that it plans to issue a Final Order for the Calcasieu Pass facility and the associated TransCameron Pipeline no later than January 22, 2019, in line with the Notice of Revised Schedule for Environmental Review issued on May 18…
PGNiG, Venture Global LNG Deal for 2 MTPA of LNG
For a 20-year term, Polish Oil and Gas Company (PGNiG) will receive liquefied natural gas from the USA for domestic customers or for resale.The new contracts will provide a total of 2 MTPA of LNG, which is approximately 2.7 billion m³ of natural gas after regasification, and this equals – depending on the vessel capacity – over 25 cargoes a year.Under the agreements, PGNiG will purchase LNG on a free on board (FOB) basis starting from the commercial operation date of the Venture Global Calcasieu Pass LNG export facility…
C-Innovation Opens New Dock Facility
C-Innovation, LLC (C-I), an aﬃliate of Edison Chouest Offshore (ECO) and its family of companies, said it has opened a new dock facility in Port Fourchon, La., to expand the capabilities of its Subsea Services group.The new facility is located at the end of AJ Estay Road and was previously known as the Martin South Terminal.With more than 550 ft of open quayside, Bayou Lafourche is a main entrance into the facility, which is supplied with a Manitowoc 777 crane and forklifts for rapid mobilizations of C-I’s subsea construction and inspection…
Repsol to Buy LNG from Venture Global
Venture Global LNG announced that it has entered into a 20-year, binding Sales and Purchase Agreement (SPA) with Repsol for the supply of one million tonnes per annum (MTPA) of liquefied natural gas from the Venture Global Calcasieu Pass LNG export facility, currently under development in Cameron Parish, Louisiana, USA.Under this agreement, Repsol will purchase LNG on a free on board (FOB) basis for a 20-year term, starting from the commercial operation date of the Venture Global Calcasieu Pass LNG export facility…
PGNiG and Venture Global LNG Sign Pact
Polish Oil & Gas Company (PGNiG) and Venture Global LNG have entered into an agreement relating to the terms of delivery of liquefied natural gas from Calcasieu Pass LNG and Plaquemines LNG facilities. The agreement defines basic terms and conditions of a 20-year contract for the sales and purchase of two million tonnes per annum (Mtpa) of LNG, which equals about 2.7 bcm following regasification. Cargoes will be supplied from Calcasieu Pass and Plaquemines LNG export facilities which are expected to be completed in 2022 and 2023 respectively.
Staying Afloat with Strong Workboat Insurance
When it comes to insuring your assets, changing markets and risk variables demand better understanding of the underwriting process, as well as a long-term, stable relationship with an insurer who – like you – is in for the long run.U.S. inventor Thomas Edison once said, “There is no substitute for hard work.” Nobody knows this better than the men and women who operate diverse and industrious workboat fleets.Ferrying commuters, towing dry and liquid bulk, and assisting larger ocean…
Long Beach Port Launches Zero-Emissions Project
Officials from the Port of Long Beach, Southern California Edison and the California Energy Commission today launched the nation’s largest pilot project for zero-emissions cranes and other cargo-handling equipment for seaports. Funded mostly by a $9.7 million grant from the California Energy Commission, the project will bring 25 vehicles that are zero- or near zero-emissions to Port of Long Beach marine terminals for one year to test their performance in a real-world setting.
Skarfjell becomes tie-back to Gjøa
DEA and its partners in PL418 have selected a subsea tie-back to the Gjøa platform as the concept for development of the Skarfjell discovery in the Norwegian North Sea. This alternative is an enabler for developing the Gjøa platform as a stronger hub in the area and maximising recovery for Gjøa, Skarfjell and the area in general. Skarfjell is situated in the northeastern North Sea, approximately 20 kilometers southwest of the Gjøa platform. DEA is partner in Gjoa, with a share of 8%.
13 ULSTEIN X-CONNECT Systems Sold
Deliveries of alarm and monitoring systems (ULSTEIN AMS) for 13 tugs have been contracted to Ulstein Power & Control by US based MT. The systems are based on ULSTEIN X-CONNECT. The alarm monitoring is a part of Ulstein Power & Control’s expertise in integrated systems, while MT (Marine Technologies LLC) is a maritime expert in areas such as dynamic positioning and navigation systems. The bridge solution on the tugs has been developed by MT. The amounts of sensors and information available on the vessels increase rapidly…
Chidambaranar Port Trust Celebrates Safety Week
46th Safety Week Celebration was inaugurated in V.O. Chidambaranar Port. The Safety Week Celebration for the year 2017 commenced with the flagging off of safety procession by U. Rajendran, Traffic Manager, V.O.Chidambaranar Port Trust. A huge gathering of Officers & Employees of the Port, Port Users & Stakeholders participated in the procession from V.O.C Square to the Multipurpose Hall at Port. In the Inaugural Function at Multipurpose Hall, S. Natarajan, Deputy Chairman V.O. Chidambaranar Port Trust, unfurled the Safety Flag and administered the Safety Pledge.
Offshore Supply Vessel Market to Grow 6% by 2021
The global offshore supply vessel market is forecasted to grow at a CAGR of 6.03 percent during 2016 – 2021, according to Azoth Analytics research report. The growth in offshore supply vessels is expectect to be driven by rise in demand for oil and gas globally, increase in offshore drilling activities and growth in production and exploration activities. Moreover, companies operating in this market are focusing on investments in R&D for continuous innovation and strengthening their positions in the market by targeted acquisitions and product expansions.
Edison Chouest, BP Extend GoM Partnership
Edison Chouest Offshore (ECO) and its family of companies has reached a 30-month alliance agreement with BP, the largest energy investor in deepwater Gulf of Mexico over the past decade. Chouest and BP have enjoyed a business alliance for over eight years, and the new alliance will continue to include Chouest affiliates ECO (vessel services), C-Port (multi-service terminal facilities in Louisiana’s Port Fourchon) and C-Logistics (logistics coordination, expediting and tracking cargo movement). Items in the alliance agreement include a three-year extension for utilization of BP’s Gulf of Mexico Preservation and Maintenance facility, designed and built by Chouest, and located at the intersection of Hwy. 90 and LA 311, just northwest of Houma, La.
ECO Affiliates Ink 5-Year Deal with Shell for IMR Vessel
Two affiliates of Louisiana-based Edison Chouest Offshore (ECO) have signed a five-year contract with Shell Brazil for light subsea construction, and inspection, maintenance and repair (IMR) services from the M/V Island Enforcer, a 402-ft. subsea installation and construction vessel. According to ECO, the agreement includes a varied list of projects featuring vessel services from ECO affiliate Bram Offshore, and ROV and survey services from C-Innovation. The all-inclusive contract also includes installation…
Snam in Talks to Buy LNG Terminal Stake from Edison
Italian gas group Snam is in exclusive talks with EDF's Italian unit Edison to buy a stake in a liquefied natural gas terminal in northern Italy as part of plans to develop its LNG business, two sources said. Snam, controlled by state lender Cassa Depositi e Prestiti, is looking to buy Edison's 7.3 percent stake in Terminale LNG Adriatico and the gas pipeline that connects it to Italy's gas transmission backbone, the sources said. Adriatic LNG, which has a capacity of 8 billion cubic metres per year, is 70.7 percent owned by ExxonMobil and 22 percent by Qatar Petroleum.
GoM Stakeholders Energized Despite Lingering Oil Bust
Gulf of Mexico vessel builders – and their customers – adapt to a lean offshore market. After oil prices plunged in late 2014 – pressured by shale output – demand for offshore vessels in the Gulf of Mexico shrank, day rates for boats fell and non-working units were idled. This year, several GoM boat builders filed for Chapter 11, or voluntary bankruptcy, while others consolidated. The most diversified companies kept their heads above water. Today, the outlook's a bit brighter. Crude oil prices hit bottom early last year. Tidewater Inc.
Foss Ships Utility Trucks to Puerto Rico
At the Port of Virginia in Norfolk and the Port of Lake Charles in Louisiana, Foss Maritime is loading hundreds of utility trucks onto barges bound for Puerto Rico this week. It’s all part of the on-going effort to restore power to nearly half of the population who are without electricity. Last Friday, Ricardo Rosselló, governor of Puerto Rico, announced that 1.5 million Puerto Ricans are still without power 100 days after Hurricane Maria hit Sept. 20. As part of the on-going power restoration effort, Foss is working with a coalition of 19 U.S.