Energy News

15 Jan 2019

Equinor Extends Esvagt Contract

Image: Esvagt

Norwegian multinational energy company Equinor ASA and the provider of emergency rescue and response vessels Esvagt have extended their cooperation in the southern part of the Norwegian sector.The vessel provider said on Tuesday that the cooperation with Equinor was extended by a minimum of three years."Over the next three years, the Esvagt Bergen and the Esvagt Stavanger will be servicing Equinor in the southern part of the Norwegian sector," it said.Eight years of mutual trust and cooperation are about to be extendedā€¦

15 Jan 2019

Eniram Helps French Ferry La Méridionale to Cut Fuel

Image: WƤrtsilƤ Corporation

French ferry operator La Méridionale and Eniram, a Wärtsilä have taken notable steps on digitalising La Méridionaleā€™s fleet with the help of the latest energy management technology."This partnership is in line with Wärtsiläā€™s Smart Marine vision, which through the extensive use of digitalisation, will enable the efficient use of resources with the least possible impact on the environment," said a press release.The ā€˜Pianaā€™, a ro-pax ferry that travels between Marseille and Corsica, was equipped with Eniram Trim and Speed solutions in April 2017.

15 Jan 2019

Weak Freight Markets Hobble Sovcomflot IPO

(Photo: Sovcomflot)

Russian state-owned shipping company Sovcomflot said on Tuesday that uncertain conditions in the freight market are delaying its long-planned initial public offering (IPO).The Russian government has weighed a listing of Sovcomflot for years as part of broader privatization plans, but obstacles ranging from weak markets to international sanctions placed on Russians over Moscow's role in Ukraine crisis have prevented an IPO.The Russian economy ministry has said it had hoped to raiseā€¦

15 Jan 2019

Ship Design: ABS AIP for Neptun's Wind Turbine Transport Vessel

Photo: ABS

ABS granted Approval in Principal (AIP) to Neptun Ship Design for its Wind Turbine Transport Vessel design, the first to support transporting parts for turbines greater than 9 Mega Watts (MW).The 178m long Blue Azurit design allows wind turbine manufacturers to produce full length welded towers ready for installation. The energy-efficient vessel is designed to pick up components direct from the supplierā€™s berth, transport parts to an offshore harbor, or feed them to the installation vessel.In granting this AIPā€¦

15 Jan 2019

Agricool: When a Container Box Comes Ashore

Photo: Agricool/CMA CGM

Containers get a Second Life in the Agriculture Sector.ā€˜Greenā€™ initiatives continue to sweep the globe, with companies such as #Agricool leading the way with its plan to  revolutionize urban agriculture while giving containers a second life.Enter CMA CGM Group, one of the worldā€™s largest containershipping companies, which is supporting Agricool not only with recycled containers, but also investing in the company and sharing its experience in logistics with the sapling company as is matures and enters its industrialization phase.What is Agricool?Founded in 2015 in Parisā€¦

15 Jan 2019

First U.S. Crude Cargoes Head to China Since Trade Breakthrough

The U.S. Gulf Coast port of Corpus Christi has evolved into the nation's most active crude export complex. CREDIT: Port of Corpus Christi, Texas

Three cargoes of U.S. crude are heading to China from the U.S. Gulf Coast, trade sources said on Monday, the first departures since late September and a 90-day pause in the two countries' trade war that began last month.The vessels left Galveston, Texas, last month and are scheduled to arrive at Chinese ports between late January and early March, according to shipbrokers and vessel tracking data. The shipments mark a change since Chinese buyers largely began avoiding U.S. oil during the trade dispute that flared last summer."It looks like China has resumed purchasing U.S.

15 Jan 2019

Barclays Rejects Arctic Drilling

Image: NERC

U.K.-based international bank Barclays  announced a new energy policy that significantly restricts the bankā€™s financing for the exploration or extraction of oil and gas in the Arctic.The policy  rules out funding for companies seeking to drill in the Arctic Refuge as well as other climate change threats.According to the British multinational investment bank and financial services company headquartered in London, arctic oil and gas refers to new exploration and extraction of oil and gas in the area within the Arctic Circle which is subject to sea iceā€¦

15 Jan 2019

Offshore Wind Market Expected to Reach $50 bln by 2023

Image: Siemens

The global offshore wind energy market is poised to grow over USD 49.74 billion by 2023 at an estimated CAGR of around 11.12% during the period 2017 to 2023.The growth in this sector can be attributed to the increasing demand for clean and reliable energy in order to reduce the global carbon emissions and to maintain ecological balance by generating electricity through renewable resources, said a report by Market Research Future.However, high initiating capital cost of the projects with high maintenance cost and logistics issues, can hinder the offshore wind market.

15 Jan 2019

CDP, Fincantieri and Snam Join for Innovation of Ports

Photo: CDP

Italian investment bank Cassa Depositi e Prestiti (CDP), the largest shipbuilder in Europe Fincantieri and natural gas transmission company Snam teamed up to innovate port facilities in Italy and develop sustainable technologies for maritime transport.The preliminary collaboration agreement is aimed at identifying, defining and implementing medium-term strategic projects for the innovation and development of port facilities in Italy, as well as for the development of sustainable technologies applied to maritime transportā€¦

15 Jan 2019

Shell Joins Dutch Pension Fund to Bid for Eneco

Pic: Eneco

British-Dutch oil and gas company Royal Dutch Shell and Dutch pension fund manager PGGM are considering a joint bid for Dutch producer and supplier of natural gas Eneco, which is heavily invested in sustainable energy projects and worth an estimated USD 3.4 bln.This consortium is impressed with Enecoā€™s achievements in transforming the Dutch energy system through investments in sustainability and renewable energy. PGGM and Shell combine the knowledge, ambitions and financial commitmentā€¦

15 Jan 2019

Ecodelta Christened in Rotterdam

Ecodelta-the new LNG consuming dredger. Image:  Conoship International

A new trailing suction hopper dredger (TSHD) Ecodelta, powered by liquefied natural gas (LNG),  was christened last Friday (January 11) in the Dutch port of Rotterdam.The dredging vessel, built at the Dutch yard Barkmeijer for shipping company Van der Kamp, is a key component of the new contract entered into by Bagger & Aannemingsmaatschappij Van der Kamp and the Port of Rotterdam Authority.In 2015, the project Ecodelta was initiated by Van der Kamp, a Zwolle-based dredging companyā€¦

14 Jan 2019

MICT Gets Eco-Friendly RTGs

Arrival of the four hybrid RTGs at MICTā€™s Berth 5. Photo: International Container Terminal Services, Inc.

International Container Terminal Services, Inc.'s (ICTSI) flagship Manila International Container Terminal (MICT) has received four of 16 new hybrid rubber-tired gantries (RTG) as part of the Companyā€™s long-term investment in capacity enhancement and environmental efficiency."A first in Philippines and Manufactured by Mitsui Engineering & Shipbuilding Co. Ltd. (MES) of Japan, the Mitsui Li-ion Hybrid RTG is equipped with a 200kVA Li-ion battery and a smaller diesel engine that dramatically improves the carbon footprint of the terminalā€¦

14 Jan 2019

ST Engineering Secures $560m New Contracts in 4Q2018

ST Engineering has announced that its Marine arm has won $560m worth of new contracts in the last quarter of 2018. Fast Patrol Boats For the Singapore Police Coast GuardThe Ministry of Home Affairs has awarded ST Engineering a contract for the design, construction and maintenance of Fast Patrol Boats for the Singapore Police Coast Guard. Construction of the boats is expected to commence in mid-2019.145 MW Floating Power BargeST Engineering and Siemens have jointly received an order for a SCC-800 2X1C SeaFloat barge-mounted power plant from Seaboard Corporation subsidiary Transcontinental Capital Corporation (Bermuda) Ltd., an Independent Power Producer with operation in Dominican Republic.Under a turnkey plug and play conceptā€¦

14 Jan 2019

UK Opens National Decommissioning Center

Image: University of Aberdeen

The National Decommissioning Centre (NDC) is opened by Lord Duncan, UK Government Minister for Scotland and Paul Wheelhouse MSP, Scottish Energy Minister, in Newburgh, in North-East Scotlandā€™s Energetica Corridor.The Centre aims to work in partnership with companies to become the global leader in research and development (R&D) focused on reducing costs, extending field and asset life, and transforming the traditional approach to decommissioning.100 offshore platforms and 5,700km of pipeline are forecast to be decommissioned or reused over the next decade on the UK Continental Shelf.

14 Jan 2019

NASSCO Expands Ships Production Capacity

Kevin Graney, President of General Dynamics NASSCO, addresses a crowd of shipbuilders as the company commissioned a new panel line in the San Diego shipyard January 11, 2019. Photo: General Dynamics NASSCO

National Steel and Shipbuilding Company (NASSCO) held a ribbon-cutting ceremony on Friday to commission its new panel line, which expands steel production capabilities for the construction of commercial and government ships in San Diego.The American shipbuilding company with three shipyards located in San Diego, Norfolk, and Mayport said in a press release that the new panel line enables distortion-free welding of plates as thin as five millimeters to produce lighter, more energy efficient ships.The cutting-edge facility uses hybrid laser arc welding and numerically controlled robots to millā€¦

13 Jan 2019

Norway Builds World's First Hydrogen Ferry

Pic: Norled AS

The worldā€™s first hydrogen-electric ferry will be built by Norled. It will be put into operation at the Hjelmeland association in 2021.According to a press release from the Norwegian shipping company, the Norwegian Public Roads Administration and Norled AS signed an agreement, on the construction of the world's first hydrogen-electric ferry. It must be put into operation on Hjelmeland route in 2021.The development contract that Norled won in fierce competition with Fjord 1 and Boreal on the developmentā€¦

11 Jan 2019

US to Become Third Largest LNG Exporter in 2019

Pic: Center for Liquefied Natural Gas (CLNG)

The coming year is expected to make the U.S. the third largest exporter of liquefied natural gas (LNG) in the world, creating jobs stateside while reducing emissions and providing reliable energy to countries around the world, said American Petroleum Institute (API).API, Center for LNG, and LNG Allies, the three national trade associations specializing in U.S. LNG, today issued a first-of-its-kind joint statement on the extraordinary developments expected in U.S. LNG in 2019.Todd Snitchlerā€¦

11 Jan 2019

Phoenix Petroleum to Build Philippines First LNG Terminal

Pic: Phoenix Petroleum

Philippines fuel retailing firm Phoenix Petroleum said it won government approval to build the countryā€™s first liquefied natural gas (LNG) import terminal in partnership with China National Offshore Oil Corp (CNOOC).The Department of Energy (DOE) has granted notice to proceed (NTP) to their joint venture firm Tanglawan Philippines LNG Inc. to build an LNG terminal in Batangas.Phoenix Petroleum said in a stock exchange annoucement that it plans to break ground on the facility within the year.

11 Jan 2019

Blue Atlantic Fabricators Launches Lovejoy Wharf Ferry & Water Taxi Dock

Boston Harbor Cruisesā€™ new subsidiary is building for Massachusetts in the Commonwealth.Blue Atlantic Fabricators of East Boston, MA announces the fabrication and launch of a 50 ton, 20ft x 80ft floating dock to be located at Lovejoy Wharf in Boston. This all-steel dock, will be the facility for privately-run ferry and water taxi service between Lovejoy Wharf and Bostonā€™s Seaport District, offering both bow-loading and side loading capabilities.Blue Atlantic Fabricators built the floating dock for C. White Marine, Inc. who, as general marine contractor for developer Related Beal, will finish and install the docking system at the multiuse Lovejoy Wharf property.

11 Jan 2019

First LNG Shipment Arrives in Gibraltar for New Power Plant

Ā© Coral Methane / MarineTraffic.com

The first liquefied natural gas (LNG) shipment has arrived in Gibraltar for use in the British territory's new LNG-fuelled power station, a government statement said.Gibraltar already supplies the most marine fuel of any port in the Mediterranean and aims to develop LNG bunkering facilities, using some of the infrastructure that has been set up for the new power station, officials have said.The tanker Coral Methane, with a capacity of around 7,000 cubic metres, arrived at the port on the evening of Jan.

11 Jan 2019

Next-Generation LNG Carrier Christened

Next-Generation LNG Carrier "NOHSHU MARU" (Photo: MHI)

Mitsubishi Shipbuilding Co., Ltd. held a christening ceremony for a next-generation LNG (liquefied natural gas) carrier under construction for TRANS PACIFIC SHIPPING 5 LTD., a joint venture of JERA Co., Inc. (JERA) and Mitsui O.S.K. Lines, Ltd. (MOL). The new ship, named Nohshu Maru, is the fourth vessel of the latest model "Sayaringo STaGE" type, featuring significant improvements in both LNG carrying capacity and fuel performance due to the adoption of a more efficient hull structure and an innovative hybrid propulsion system.

11 Jan 2019

PetroVietnam: Maritime Tensions Weigh on Operations

(Photo: PetroVietnam)

Vietnam's state oil firm PetroVietnam said on Friday that tension in the South China Sea will continue to weigh on its offshore operations this year.The company, formally known as Vietnam Oil and Gas Group targets to produce 12.37 million metric tonnes of crude oil this year, down 11.45 percent from last year's output, it said in a statement.Vietnam and China have been embroiled in maritime disputes in parts of the busy waterway, where China claims 90 percent of the potentially energy-rich maritime territory, which Vietnam calls the East Sea."The complicated developments in the East Sea have h

11 Jan 2019

Crew Travel: Safety & Security in Shipping

Despite notable breakthroughs in technology and an overdue increase in conversations regarding safety at sea, the very nature of the marine industry means that risk is inevitable.Piracy remains a prominent concern in certain regions, for example, around the Gulf of Aden. According to statistical data provided by ICC International Maritime Bureau (IMB) , 107 ships were hijacked or were subject to attempted attacks by pirates between January-June 2018. This figure has risen by 20 per cent in comparison to data collected in 2017 and only further highlights the need for adequate safety measures. Even if your organizationsā€™ activities arenā€™t near to one of the affected regionsā€¦

Maritime Reporter Magazine Cover Dec 2018 - Great Ships of 2018

Maritime Reporter and Engineering Newsā€™ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the worldā€™s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News