Enterprise News

21 Jan 2020

Rosmorport Icebreaker Support in Russia

Image: Rosmorport

The FSUE “Rosmorport” icebreaker fleet provides continual navigation in several freezing Russian seaports.The icebreakers of the Arkhangelsk Branch, including the Captain Yevdokimov, the Captain Kosolapov and the Captain Chadaev, provide support for vessels in the seaport of Arkhangelsk.The icebreakers have provided support for 53 vessels since November 26, 2019. The icebreakers – the Tor and the Moskva provided support for 56 vessels in the seaport of Sabetta near the Utrenniy terminal.Since November 26 under control of the linear icebreakers – the Captain Demidov and the Captain Moshkin…

19 Jan 2020

SAAM Acquires Intertug

Image: Sociedad Matriz SAAM S.A

Chilean logistics company SAAM has struck a deal to buy Intertug Investment Holding, a towage services company with operations in Colombia, Mexico and Honduras.SAAM will spend $54.5 million for 70% of Intertug, based on an enterprise value of $98 million, and carry out the acquisition through a capital increase and a share purchase, it said in a stock market exchange announcement.Intertug's 25-vessel fleet logs more than 18,000 maneuvers a year, generating around US$44 million in towage service revenue annually.The partnership with Intertug allows us to enter Colombia…

15 Jan 2020

Flex LNG Tallies Contract Extension

© Tomasz Domzalski / MarineTraffic.com

Flex LNG on Wednesday said it secured an extension of the time-charter agreement for its 173,400-cubic-meter-capacity liquefied natural gas (LNG) carrier Flex Enterprise.The extension stretches the firm period of the time charter into first quarter 2021, and the charterer also has extension options, Flex LNG said. The time charter rate is variable.Øystein M.

13 Jan 2020

Kongsberg Maritime Shuts Down KM Contros

Image: Kongsberg Maritime

Kongsberg Maritime (KM), a Norwegian technology enterprise within the Kongsberg Gruppen, informed that it has suspended the sale of the previously announced German KM Contros GmbH to AML Oceanographic Ltd. (AML).Following a strategic evaluation and prioritization of the KM business in 2019, the company decided to divest Contros, and a Letter of Intent was signed with a future buyer of the business.However, the companies have now agreed not to pursue the previously announced letter of intent, and the sale of Contros will therefore not proceed.

05 Jan 2020

Adani Buys 75% Stake in Krishnapatnam Port

Karan Adani. Photo:  APSEZ

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private sector port operator, has agreed to buy a 75% stake in Krishnapatnam Port Co. Ltd (KPCL) at an enterprise value of INR 13,572 crore (US $1.9 billion). KPCL is located in the southern part of Andhra Pradesh, the state with the second largest coastline of in India, and is a multi-cargo facility which handled 54 MMT in FY19.This acquisition will accelerate APSEZ’s stride towards 400 MMT by 2025.Acquisition value of KPCL is approximately Rs.13,500 cr.

03 Jan 2020

APSEZ to Buy 75% Stake in Krishnapatnam Port

Photo courtesy of Krishnapatnam Port Co

Adani Ports and Special Economic Zone (APSEZ) said on Friday it would buy a 75% stake in Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of 135.72 billion rupees ($1.89 billion).The deal will take its domestic market share to 27% from 22% on a pan-India basis, the company said in a filing to exchanges.The port, located in the south eastern state of Andhra Pradesh, is the second-largest private sector port in India and handled 54 MMT of cargo in 2019."APSEZ will target…

02 Jan 2020

Research Vessel Delivered to Orca Maritime

(Photo: Maddie Hunt Photography
/ Armstrong Marine)

Washington-based boat builder Armstrong Marine said it has delivered a new 42’ x 16’ catamaran research vessel, Benthic Cat, to Orca Maritime, Inc. following launch and sea trials in Port Angeles Harbor. The vessel will enter service immediately, beginning with a week-long operation around San Clemente Island.The second IPS-drive catamaran delivered by Armstrong, the 4216-CTC model was selected by Orca Maritime after the builder delivered the same design to UC San Diego’s Scripps…

31 Dec 2019

Rosmorport Marks 400th Anniversary of Russia's Pilot Service Foundation

Image: FSUE Rosmorport

Rosmorport says a solemn ceremony devoted to opening a monument in honor of the 400th anniversary of the foundation of the Russian pilot service was held in Arkhangelsk on December 18, 2019.A memorial sign erected at the intersection of the Severnaya Dvina Embankment and Voskresenskaya Street was installed on the initiative and at the expense of FSUE Rosmorport.The enterprise’s delegation has been provided the right to open the solemn event. “The opening of the pilot sign is a tribute to the important maritime profession.

30 Dec 2019

Nevsky Shipyard Delivers Akademik Pashin

Image: Nevsky Shipyard

Russian shipbuilder Nevsky Shipyard (NSSZ), a part of United Shipbuilding Corporation (USC), has delivered the replenishment oiler Akademik Pashin to the Russian Navy.The shipbuilding and shiprepair enterprise said that the project was developed by Spetssudoproect, JSC.The construction of the tanker Akademik Pashin is being carried out in accordance with the State Contract for the Ministry of Defence of the Russian Federation.The ship represents medium-sized sea tanker, steel…

18 Dec 2019

DOJ: F/V Owner & Operator Fined $1 mln

AdobeStock / © Renaschild

Fishing Vessel Owner and Operator Plead Guilty and Fined $1 Million for Discharging Oily Waste into the Coastal Waters of the United States Sea Harvest Inc., operator of the fishing vessels Enterprise and Pacific Capes, along with Fishing Vessel Enterprises Inc., the vessels’ owner, pleaded guilty today to violating the Clean Water Act for both knowing and negligent discharges of oily bilge water from the vessels’ engine rooms. The companies were sentenced to pay a $1 million criminal fine and serve a five-year term of probation.

11 Dec 2019

Verizon Lights Up U.S' First 5G Shipyard

Image: Huntington Ingalls Industries, Inc.

Verizon's 5G Ultra Wideband service is now live at Newport News Shipbuilding (NNS), a division of Huntington Ingalls Industries (HII) in Newport News, VA.HII is America's largest military shipbuilding company and its Newport News Shipbuilding division turned to Verizon to explore how 5G can enhance the shipbuilding process as part of their digital transformation."We are excited to partner with Verizon on our digital journey and be one of the first complex manufacturing businesses in the US to have 5G on-site," said Bharat Amin, executive vice president and CIO of Huntington Ingalls.

09 Dec 2019

Enbridge, Enterprise to Develop GoM Crude Export Terminal

© artitcom / Adobe Stock

Enbridge Inc and Enterprise Products Partners LP on Monday signed an agreement to jointly develop a deepwater offshore crude oil export terminal in the Gulf of Mexico capable of loading Very Large Crude Carriers.Both pipeline operators will work to finalize an equity participation agreement that would provide Enbridge an option to purchase ownership interest in Enterprise's Sea Port Oil Terminal (SPOT), subject to SPOT receiving a deep-water port license, Enbridge said in a statement.The companies would first jointly develop the SPOT project…

05 Dec 2019

CME Adds Two Delivery Points to WTI Houston

Photo: CME Group

CME Group on Thursday said it would add two more delivery points for its WTI Houston crude futures contract, pending regulatory review, as it seeks to provide customers with additional options to hedge physical price risk.* Beginning with the March 2020 contract, customers can take delivery of U.S.

04 Dec 2019

OceanPro Accelerates Tech Innovation

Image: Maersk

OceanPro by Maersk, the first of its kind startup accelerator within the shipping and logistics industry, announced the graduation of its second cohort of start-ups showcasing the artificial intelligence (AI), machine learning (ML) led solutions developed by them over the last 120 days.The India-focused company of the Danish shipping giant also unveiled the start-ups that form a part of the third cohort as a continuation of its efforts to drive industry-wide digital transformation…

11 Nov 2019

HGG Partners With PypeServer Software

Photo: PypeServer

HGG recently announced a partnership with PypeServer, providing full compatibility with HGG's 3D pipe profiling machines. Starting in 2020, PypeServer's Enterprise software will be available as an option for HGG's affordable PC600 and PC900 3D pipe-profiling systems alongside HGG’s proven ProCAM software.“HGG Profiling Equipment is an established and well-known name in the world of 3D Pipe Cutting. HGG has an unique expertise in developing automated 3D Pipe Cutting solutions, and through our collaboration, PypeServer’s customers will be able to benefit from it.

07 Nov 2019

GE's Haliade-X Produces First Power

Image: GE Renewable Energy

GE Renewable Energy has generated first power from its 12MW Haliade-X prototype - the world's largest and most powerful wind turbine - located at Maasvlakte, the Port of Rotterdam.According to GE, local teams will now proceed with the testing phase, during which different types of measurements will be performed to obtain a Type Certificate for the Haliade-X in 2020.John Lavelle, CEO of Offshore Wind at GE Renewable Energy, said “This first kWh is a critical achievement for our whole team, bringing to fruition our vision and all the hard work put in place.

03 Nov 2019

US Eyes India for Quantum Leap in LPG Exports

Pic: World Energy Consultants, LLC

Trump administration trade tariffs on China will need to cease and India will have to rely more on U.S. LPG supplies for the world to clear the quantum leap expected for U.S. LPG exports, says a study.The study of global seaborne LPG trade flows using Kpler LPG cargo tracking data questions the global LPG market’s ability to grow fast enough to handle the tsunami wave of new LPG production expected from the United States in 2020 and 2021."The U.S. has become the largest LPG exporter in the world and now exports more LPG than the U.A.E., Qatar and Saudi Arabia combined.

27 Oct 2019

Kongsberg Sells KM Contros to AML

Pic: Kongsberg

Norwegian technology enterprise Kongsberg Maritime (KM) has decided to divest KM Contros GmbH (Contros) to AML Oceanographic Ltd. (AML).Contros has 20 employees and is a subdivision of the Sensors & Robotics division of KM. The company is located in Kiel / Hamburg, Germany.Contros has two primary lines of business: Sensors that measure dissolved gases in water and platforms and deployment systems for in-situ oceanographic measurement.KM believes AML will be an excellent owner for Contros.

24 Oct 2019

BLUE Acquires 20|20 Marine Energy Consultancy

Adrian Tolson. Photo: BLUE

Specialist maritime consultancy 20|20 Marine Energy (20|20) founded by bunker industry veteran Adrian Tolson has been acquired by UK-based BLUE, the business, brand and communications consultancy for the marine and energy markets.20|20 will be re-named BLUE Insight to provide commercial advisory and research services for key transformative areas within the maritime industry.The practice - which will be led by Adrian Tolson, 20|20’s Senior Partner - provides BLUE with a physical presence in North America…

16 Oct 2019

Partners Developing LNG-fueled VLCC

© Carabay / Adobe Stock

Partners involved in a new joint development project (JDP) have set out to design a very large crude carrier (VLCC) that will run on liquefied natural gas (LNG) fuel.Lloyd's Register (LR), China Merchants Energy Shipping Co., Ltd. (CMES), CNOOC Gas and Power Group, Dalian Shipbuilding Industry Co., Ltd. (DSIC), and GazTransport and Technigaz SA (GTT) have teamed up to evaluate design options for an LNG-fueled VLCC that uses a prismatic GTT Mark III membrane LNG tank. The scope of the JDP includes reviewing solutions to minimize construction costs for LNG-fueled ships…

15 Oct 2019

Damen Shipyards Selects TCS for IoT platform

Pic: Tata Consultancy Services (TCS)

Damen Shipyards, an international shipyard group,  has partnered with the global IT services giant Tata Consultancy Services (TCS) in the development of an integrated IoT platform, with  its eyes firmly on the future."With this, Damen vessels become increasingly connected and Damen is able to gather and analyze data from the 10-15,000 sensors on board its vessels," the  Dutch shipbuilding conglomerate said in a press release.The results of this are significant, offering predictive maintenance…

15 Oct 2019

Interview: Dr. Catherine Warner, Director, NATO CMRE

Dr. Catherine Warner, Director, NATO CMRE. Photo: CMRE

At CMRE, it’s not just about the science. It’s about building trust and confidence in resilient systems. An interview with Dr. Catherine Warner, Director, NATO Center for Maritime Research and Experimentation, La Spezia, ItalyTell us a little about yourself and CMRE. What does CMRE do, and how do you see your mission evolving?I came here from the Pentagon, where I was the science advisor for the director of operational test and evaluation. My experience has been working with operators on systems that they’re getting ready to field.

14 Oct 2019

Siemens Gamesa Wins 250MW Gig in Egypt

Pic: Siemens Gamesa

Siemens Gamesa has pledged its further commitment to the growth of clean energy in Egypt through the construction of the 250 MW West Bakr Wind project which is owned by the renewable power generation company Lekela.Siemens Gamesa will install 96 SG 2.6-114 turbines through a turnkey EPC contract and will provide long term maintenance through a 15-year service agreement.Alfonso Faubel, SGRE Onshore CEO, said: “We are proud to have been selected to contribute to the ambitious goals in renewable energy the Government has set for the coming years.

Maritime Reporter E-News subscription

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

Subscribe for Maritime Reporter E-News