Gibson News

Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns.As a result of the European Union ban on Russian fuel that started on Feb. 5, tankers carrying clean oil products such as gasoline, diesel, jet fuel and naphtha are traveling between 16 and 18 days to bring Russian supplies to Brazil or U.S. cargoes to Europe…

New Orleans-based Laborde Marine said Thursday it had acquired two 240-foot (73.15m) deepwater DP-2 offshore supply vessels from L&M Botruc Rental, Inc. and has expanded its fleet of managed vessels. The company said that SOLAS-certified Shelley Lab and Gibson Lab vessels would support deepwater activities in the Gulf of Mexico.One of the vessels is currently operating under contract, while the other is completing routine shipyard inspections and maintenance prior to becoming available for energy industry support later this month.

Two Matson Inc subsidiaries must face claims from rival container shipping company American President Lines LLC that Matson is abusing its market power over service from the United States to Guam, a federal judge ruled in an antitrust lawsuit.The ruling Friday by U.S. District Judge Christopher Cooper in Washington, D.C., declined to dismiss claims against Matson Navigation Company Inc and Matson Logistics Inc brought by American President Lines last year seeking unspecified monetary damages for alleged violations of U.S. competition law.The court dismissed parent company Matson Inc as a defendant.Honolulu-based Matson, a leading U.S. carrier in the Pacific, in 2021 recorded revenue of more than $3.9 billion.

Shipbroker Gibson said that it had received a number of resignations from its Suezmax and Aframax broking desks on June 29, according to an email from its managing director Roger Harrison on Thursday.Suezmax and Aframax tankers are usually used in the transport of crude and some oil products."Whilst we are always disappointed to see people leave our company ...

Salvors will attempt to refloat the Ever Forward on Tuesday following a week of dredging to free the grounded containership outside the Port of Baltimore.According to the port's executive director William Doyle, a team of five tugs, including two pushing on the ship's starboard side, two pulling from port side and one long pull from stern, will aim to dislodge the 1,095-foot ship, which went hard aground outside of the Craighill Channel near Gibson Island on March 13.During the refloat attempt…

Dredgers are working to free a containership that has been stuck for a week after running aground in the Chesapeake Bay near Baltimore.Port of Baltimore executive director William Doyle said dredging operations to free the Ever Forward kicked off on Sunday after the required permits were issued by state and federal agencies."U.S. companies Donjon Marine and Cashman Dredging & Marine Construction will lead the surgical dredging operation," Doyle said, noting Donjon's Oyster Bay and Cashman's Dale Pyatt—both clamshell dredges—are being used to dig out the 1…

Demand for LNG-fuelled newbuilds is growing across the shipping industry, and with it Danish pump specialist Svanehøj reports it has quadrupled its sales of fuel pump solutions in 2021 and is heading for an all-time high order intake. 2021 has been a record year for new LNG dual-fuel shipbuilding contracts, which has a very positive impact on the order books at Svanehøj. The company reports 2021 was a banner year with an order intake of nearly $122 million, or 50% more than the previous record set in 2014.Svanehøj’s patented DW fuel pump solution is one of the main growth drivers.

Liquefied natural gas (LNG) ships are set to receive an earnings boost from restocking demand after colder conditions drove a scramble for supplies and record high freight rates, a top LNG tanker player said.A cold snap in Europe and Asia in January and in North America last month increased heating demand, prompting prices to jump in several markets, while inventories fell."You need to replenish stocks because of the cold northern hemisphere winter in both Asia and in Europe.

Salvage crews completed cutting operations to separate the stern section from the Golden Ray wreck in St. Simons Sound, Ga., on Saturday night, and the giant piece of the overturned car carrier will be craned onto a barge and hauled away for recycling.Once lifting preparations conclude, the Barge 455-8 will move into position to receive the separated hull section for transit out of the environmental protection barrier (EPB) surrounding the wreck to nearby Mayor’s Point Terminal for further sea-fastening before transport to Modern American Recycling Services (M.A.R.S.) in Gibson, La.

The crew working to cut and lift sections of the capsized car carrier Golden Ray in Georgia's St. Simons Sound has resumed salvage efforts after suspending operations ahead of a tropical storm that traveled up the southern U.S. East Coast late last week.The team resumed operations to cut the first vessel section using the specialized heavy lift crane vessel VB 10,000 on Monday after the storm had passed and responders redeployed protective boom at the environmental protection barrier (EPB) surrounding the wreck site and at sensitive areas around St.

The salvage team working to cut and lift sections of the capsized car carrier Golden Ray in Georgia's St. Simons Sound has suspended operations ahead of a tropical storm that made landfall in neighboring Florida on Thursday.The specialized heavy lift crane vessel VB 10,000 has paused work partway through the first cut, which began Friday, and has been secured inside the environmental protection barrier in advance of the approaching storm Eta, downgraded from a hurricane on Wednesday. Sections of floating boom vulnerable to severe weather have been removed, St.

A specialized heavy lift crane vessel began cutting the first bow section of the capsized car carrier Golden Ray on Friday as salvage crews enter the next phase of operations to remove the overturned vessel from Georgia's St. Simons Sound.The Korean-owned Golden Ray, which capsized after leaving the Port of Brunswick in September 2019, will be dismantled in place and removed in sections. Salvors have installed 16 lifting lugs on the wreck to provide connection points for the U.S.-flagged VB 10…

The heavy-lift vessel VB 10,000 arrived Tuesday at the Golden Ray wreck site in Georgia's St. Simons Sound, where the specialized vessel will be used by salvage crews to cut and lift sections of the overturned car carrier. The Korean-owned Golden Ray, which capsized after leaving the Port of Brunswick in September 2019, will be dismantled in place and removed in sections. Salvors have installed 16 lifting lugs on the wreck to provide connection points for the U.S.-flagged VB 10…

A specialized heavy-lift vessel departed the Port of Fernandina, Fla. Monday en route to Georgia's St. Simons Sound, where it will be used by salvage crews to cut and lift sections of the capsized car carrier Golden Ray.The U.S. flagged VB 10,000 is expected to reach the St. Simons Sound in the early hours on Tuesday and remain on scene for a minimum of eight weeks, plus any extra time required for weather stoppages or other unforeseen circumstances, Michael Himes, public information officer for the St Simons Sound Incident Response told MarineLink.The Korean-owned Golden Ray…

First Class Cadet Owen Gibson, a Civil Engineering major from the U.S. Coast Guard Academy, has received a Fulbright Award to pursue a two-year Master of Science degree in Water Resource Engineering and Management at the University of Stuttgart, Germany.Gibson’s Fulbright research project will focus on climate change and soil erosion models. The goal of his research is to develop a model for assessing coastal soil erosion rates. The model will address the uncertainty of climate change using probability analysis and will be tested throughout coastal regions in Northern Germany.

Oil traders are storing as much as 80 million barrels of oil on tankers at sea, with further ships being sought as land storage sites fill up fast due to a global glut of stocks, shipping industry sources say.Traders rushed for storage after global oil demand collapsed by a third due to the coronavirus outbreak, and as top producers Saudi Arabia and Russia have refused to curb output so far, creating what is believed to be the biggest oil glut in history.The last time floating storage reached similar levels was in 2009…

Top exporter Saudi Arabia has chartered an armada of ships to flood the market with additional oil, but in the process has driven freight costs so high refiners are reluctant to take the shipments.That could leave the kingdom stuck with tens of millions of barrels in expensive ships at anchor when the coronavirus outbreak has destroyed oil demand and international prices have lost more than half their value compared with the start of the year.Following the failure to persuade…

There has been a near absence of the demolition activity in tanker market this year, Gibson Shipbrokers said in its latest tanker market report. The scrapping likely to remain at low levels in the coming months, it added.During the first ten months of 2019, only 30 tankers over 25,000 dwt were reported sold for scrap. About half of all demolition activity has been in the Handy/MR size group, with 17 units removed since the beginning of the year.There were 3 Panamaxes/LR1s demolished and just 1 tanker in the LR2/Aframax size group. The count is marginally higher for larger crude carriers, with 5 Suezmaxes and 4 VLCCs sold for removals.Gibson said that this  is in stark contrast to developments last year, when over 150 units were scrapped.

On July 29th, New Zealand’s Ports of Auckland signed a contract with the Damen Shipyards Group for the delivery of an innovative new vessel. The RSD-E Tug 2513 will be the first fully-electric ship-handling tug in the world with 70 tonnes bollard pull. The vessel completes the green cycle of energy in the port with its unrivaled performance in sustainability.Building on green foundationsDamen’s RSD Tug 2513, unveiled in 2018, already boasts extreme green credentials, being fuel-efficient and IMO Tier III ready.

UK port operator Peel Ports has revealed its plans for the major port and industrial centre at Hunterston, one of Scotland’s most important development sites comprising a 300-acre brownfield footprint, deepwater, and rail connections.It is calling on North Ayrshire residents and businesses to share their opinions about potential uses of the site, which is expected to support over 1,700 jobs and add over £140m in economic value to Scotland.The company has published its vision for Hunterston and how it intends to develop the site over the next twenty years. The details are contained in a Master Plan, published at the beginning of a six-week consultation process.Andrew Hemphill…

Gulf Drilling International (GDI) has signed a three-year contract with North Oil Company (NOC) to provide drilling services through the drilling rig Dukhan for NOC’s extensive development programmes in Al Shaheen oil field.The Al Shaheen Oil Field is a production oil and gas field off the north east coast of Qatar in the Persian Gulf, 80 kilometres north of Doha.The subsidiary of Gulf International Services (GIS) said in a press release that the signing ceremony was attended by GDI’s Chief Executive officer William Ceppi and NOC’s Chief Executive Officer Jacques Azibert. Also in attendance were Mark Gibson, Chief Operation Officer, and Francis Bourcier Drilling Manager of NOC…

Parties say transaction could close on or about November 15, 2018.Offshore services providers Tidewater and GulfMark Offshore announced today the filing of the joint definitive proxy statement and prospectus with the U.S. Securities and Exchange Commission (SEC) regarding the pending business combination pursuant to which Tidewater has agreed to acquire all of GulfMark's outstanding shares in a stock for stock exchange. Both companies’ Boards of Directors continue to unanimously…

Tidewater Inc. and GulfMark Offshore, Inc. announced Monday that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies, creating the industry’s largest owner of offshore support vessels and continuing consolidation in the offshore sector.The combined company will be operated under the Tidewater brand and will be led by Tidewater president and CEO John Rynd, with the industry’s largest fleet and the broadest global operating footprint in the OSV sector…