Poland Ends Major Russian LNG Contract
Poland's state gas company PGNiG says it had notified Russia's Gazprom that it will not renew their long-term deal on liquefied natural gas (LNG) supplies when the agreement expires after 2022.In accordance with the provisions of the Yamal Contract, three years prior to its original termination date, i.e. by December 31st, 2019, the parties are required to submit a declaration whether or not they intend to continue their contractual relationship beyond 2022.Gazprom Export, the gas-exporting arm of state-controlled Gazprom…
Prince of Wales Maiden Visit to Home Port
Britain's newest aircraft carrier, HMS Prince of Wales sails into home port of Portsmouth Naval Base for the first time.The £3.1 billion warship left Rosyth dockyard, Scotland, where it was built in September before undergoing eight weeks of sea trials.The ship’s arrival into Portsmouth represents the culmination of 16 years of work by the ACA – a unique alliance relationship between BAE Systems, Babcock, Thales, and the UK Ministry of Defence.More than 10,000 people across the UK have been involved in the program to deliver the Queen Elizabeth Class aircraft carriers…
MRS '19 Wraps Up @ SUNY Maritime
“The decrease in state spending on higher education is what keeps me awake at night” is how RADM Michael Alfultis, President, SUNY Maritime College, neatly summarized the biggest challenge he faces as the leader of one of the U.S.’ leading maritime universities. “With a small student body (about 1700), the numbers simply don’t work,” noting that while state funding 15 years ago covered two-thirds of the college’s operating expenses, that percentage hovers at or below 30% today.The…
Brittany Ferries Consortium Buys Condor
Condor Ferries, an operator of passenger and freight ferry services between UK and France, has been sold to a consortium including the French shipping company Brittany Ferries.Brittany Ferries, in consortium with the Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF), has reached an agreement to acquire 100 percent of Condor Ferries from Macquarie Infrastructure and Real Assets (MIRA).Contracts have been signed and the deal is expected to be executed following scrutiny by relevant regulatory authorities.
US Shale Sector Performs Well
U.S. shale operators are on track to grow 2019 oil production by around 16% over 2018 thanks to impressive operational execution so far this year.The third quarter earnings season revealed that shale companies increased their oil production by about two percent, all while cutting the midpoint guidance for yearly drilling and completions expenses, according to Rystad Energy.The energy research and consulting firm headquartered in Norway said that U.S. shale operators will continue expanding in the fourth quarter…
Sovcomflot Profits Up on Stronger Tanker Market
Russia's state-owned tanker carrier Sovcomflot (SCF Group) reported improvements on both the top and bottom line in the third quarter benefiting from a stronger tanker market.The energy shipping company posted a net profit of $26m as revenue increased in the third quarter.Sergey Frank, Chairman of the Board of Directors of PAO Sovcomflot, said: “We are satisfied with the Group’s performance over the third quarter. Sovcomflot steadily follows through on its strategy of increasing the share of large-scale industrial shipping projects in its portfolio."He added: "During the reporting period…
Oakland Port Names Danny Wan as ED
Danny Wan, who has been the Port of Oakland’s interim executive director since July, is now appointed to that role on a permanent basis.The Port’s governing Board selected Wan, who was was Port Attorney for six years earlier, at a special meeting on November 14. He replaces Chris Lytle who retired in July after six years at the helm in Oakland. The announcement caps a two-month, nationwide search."We're fortunate to have Danny as the Port's new chief executive - not only is he an experienced public professional…
Damen Collaborative Project on SAR
Dutch shipbuilding conglomerate Damen Shipyards Group, in collaboration with the compatriot high tech company Delft Dynamics and Next Ocean, has trialed a new approach to Search and Rescue (SAR) in the North Sea.The collaboration involved qualification testing of Delft Dynamics RH3 drone (RH-3 Swift), along with a fast rescue boat launched from a Damen Sea Axe Fast Crew Supply (FCS) Vessel equipped with Next Ocean’s wave and vessel motion predictor.The goal was to test the limits of drone helicopter operations offshore; a significant project given the notable size of the drone involved.
DHL Intros Fastest China-Germany Intermodal
DHL Global Forwarding, the ocean freight specialist of Deutsche Post DHL Group, is introducing the fastest rail freight connection between China and Germany in response to growing demand for rail freight services between Europe and Asia.The new rail service, operating between Xi’an in China and Hamburg and Neuss in Germany, has been set up in cooperation with Xi’an International Inland Port Investment & Development Group Co. Ltd. and is cutting transit time from 17 days to between…
Stena Line Takes Delivery of New Ferry
Stena Line took ownership of its newest ferry Stena Estrid following a handover ceremony at the AVIC Weihai Shipyard in north-western China. Stena Estrid is the first of five next generation Stena Line RoPax vessels that are currently being constructed. Stena Estrid will now embark on a six-week journey to its new home on the Irish Sea, where it will begin service on the Dublin to Holyhead route in January 2020.A further two of the new ferries are also destined for the Irish Sea with Stena Edda expected to commence operations from Belfast to Liverpool next spring…
Ocean Infinity Mobilizes Normand Frontier
Subsea technology and data company Ocean Infinity announced the launch of its third vessel, Normand Frontier. The vessel has now been mobilized, having been signed on a three-year year charter with the Norwegian ship owner Solstad Offshore, in December 2018.The Normand Frontier is a modern, fuel-efficient, multipurpose vessel capable of both supporting autonomous underwater vehicle (AUV) and unmanned surface vehicle (USV) operations, as well as deepwater search and recovery services.
Wight Shipyard Builds New Hybrid Vessel
Wight Shipyard Co (WSC), Europe's leading high speed craft and aluminium ship builder based on Britain's Isle of Wight, has been contracted by CWind to build a hybrid surface effect crew transfer vessel.The world’s first hybrid surface effect crew transfer vessel will service the Borssele 1 and 2 offshore windfarms located 23 kilometers off the Dutch coast, said the specialized in aluminium vessel construction.“We have built a reputation in the fast ferry arena and commercial marine sector,” said Peter Morton, CEO WSC. “But this a world first, building a hybrid SES for crew transfer.
Seaspan Buys Fleet of 6 Containerships
Hong Kong-headquartered Seaspan Corporation, a major player in independent containership management and ownership, has agreed to acquire a fleet of six containerships for $380 million in cash.The independent containership lessor said that the purchase of the acquired vessels is expected to be financed from additional borrowings as well as cash on hand.The closing of the acquisition is expected to occur in December 2019, and is subject to customary closing conditions. Upon closing…
LNG Imports Jump in Poland
Polish state-controlled oil and gas company Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) has reported a jump in liquefied natural gas (LNG) imports for the first three quarters of the year.The volume of LNG imported in the nine months to September 30th 2019 was 27% higher than in the same period of 2018, amounting to 2.48 bcm after regasification, said the gas firm.LNG supplies’ share in total gas imports was about 23%, compared with about 18% a year earlier.The Group received 22 LNG deliveries from the beginning of this year to the end of September…
HII Cuts Steel on USCG Cutter Calhoun
Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division started fabrication of the U.S. Coast Guard’s newest Legend-class national security cutter (NSC) Calhoun (WMSL 759) . The start of fabrication signifies that the first 100 tons of steel have been cut."Each new ship in this class has been an exciting opportunity to build on our legacy," said Jay Boyd, Ingalls' NSC program manager. "This is the 10th cutter in the class and a steady production line has allowed…
HHLA Reports 8.3% Growth in Revenue
Hamburger Hafen und Logistik AG, HHLA, the company that operates three out of four of Hamburg’s container terminals, continued its positive performance in the first nine months of 2019.The total revenue was 1.04 billion euros, an increase of 8.3 percent, said the German logistics and transportation company.The operating result (EBIT) improved strongly by € 19.3 million, or 12.4 percent, to € 175.4 million. The positive effects of the initial application of IFRS 16 in the EBIT amounted to approximately € 10.6 million.
Metal Shark Delivers Two Pilot Boats to New Orleans
Shipbuilder Metal Shark has delivered two new pilot boats to New Orleans-based operator Belle Chasse Marine Transportation, LLC (BCMT).Designed in-house by Metal Shark and built at the company’s Jeanerette, La. production facility, Jet 1 and Jet 2 are 45-foot welded aluminum Defiant-class monohull pilothouse vessels featuring an extensively proven hull design. The vessels feature a unique deck arrangement designed for pilots and customized to meet BCMT’s specific requirements.Both vessels were recently delivered and are now operating on the Mississippi River…
USCG PSC Equals meaningful Polar Presence
The Coast Guard needs a ship that can do more than just break ice; it needs a multi-mission ship to provide for the nation’s security, asserting its sovereign rights, and protecting its long-term economic interests. That ship is the Polar Security Cutter.Since Russia cashed the check in 1867 for the purchase of Alaska the U.S. has been an Arctic nation. Today, it is one of eight countries that have territorial land or seas above the Arctic Circle or in the polar region (six of those countries have Arctic Ocean coastline or an exclusive economic zone above the Arctic Circle). The U.S.
Normand Clipper Secures Long-term Contract
Norwegian ship owner Solstad Offshore said it has been awarded a long-term contract with Global Offshore, part of the Global Marine Group for CSV Normand ClipperThe contract will commence in the first quarter of 2020 and have a duration of three years firm plus five years options thereafter.Global Offshore will utilize the vessel to support cable lay operations within the renewable energy and oil and gas sectors.
Three New Damen FCS Patrol Vessels for SR Platforms
In one week Damen Shipyards Group has launched an FCS 3007 Patrol vessel and, in cooperation with the same owner, SR Platforms, successfully completed the sea trials of two FCS 4008 Patrol vessels. This brings the number of Damen ships in SR Platforms’ fleet up to four, following the delivery of its first FCS 3307 Patrol in October 2015.These milestones follow the contract signings taking place just a few months earlier, with those for the FCS 4008 vessels occurring in July this year and that for the FCS 3007 at the beginning of April.
Maritime 2050: Facing the Decarbonization Challenge
The International Maritime Organization (IMO) greenhouse gas (GHG) strategy signals a true game changing moment for the shipping industry. External pressure was building, but the IMO strategy sets a time line and goals for shipping to tackle one of the great challenges of our time. The GHG strategy gives our latest Maritime Forecast to 2050 its focus, and with this publication we attempt to set out the different strategies and pathways the industry can take to reach these goals.The first conclusion from the report is a sobering one.
Sinopec Builds 100 Barge VLSFO Fleet
Chinese energy giant China Petroleum & Chemical Corporation (Sinopec) is planning to build a fleet of 100 barges over the next three years as part of its mission to become a major regional supplier of the IMO 2020-compliant very low sulphur fuel oil (VLSFO).According to a report from Reuters, this would be one of the top Asian refiner’s biggest shipping investments, Sinopec hopes the fleet would serve its stated ambition to become a top regional supplier of VLSFO.The fleet would include new orders of 50 vessels of 8…
Liebherr Crane Loads Massive Oil Platform
Mexican crane and heavy haulage contractor ESEASA used its Liebherr LR 13000 crawler crane for the first time to load oil platforms onto barges at the port city of Tampico.Tampico is on the Gulf of Mexico and is a major industrial center with its own port. A large number of industrial companies have made their homes on the banks of the Rio Pánuco, to enable them to ship their freight down the river to the sea.ESEASA also has a company site directly on the banks of the waterway. The company is currently manufacturing seven oil platforms there for state oil group PEMEX.