Industries News

U.S. shipbuilder Philly Shipyard announced it has signed a memorandum of understanding (MOU) with the world's largest shipbuilding group, South Korea's HD Hyundai Heavy Industries (HHI), to explore a potential business relationship relating to future U.S. government shipbuilding projects as well as maintenance, repair and overhaul (MRO) projects.The MOU was signed during a visit from HHI to Philly Shipyard on April 12, 2024 and was attended by officials from both companies, including Dr. Won ho Joo, Chief Executive of Naval and Special Ship Business Unit of HHI, and Mr.

UK-based Exail has secured a contract with French maritime services provider Bourbon to supply several units of its Octans Attitude and Heading Reference Systems (AHRS) for integration into Bourbon Subsea Services’s fleet.These units will be installed on multiple Bourbon Evolution 800 Series multi-purpose support vessels (MPSVs) dedicated to subsea operations at depths down to 3,000 meters.IMO-HSC certified, the Octans AHRS will enhance Bourbon vessels’ efficiency in installation…

Mitsui O.S.K. Lines (MOL) has signed a long-term time charter party agreement for one floating storage and regasification unit (FSRU) with the Polish gas transmission system operator Gaz-System, which is the developer and operator behind the future LNG terminal.The FSRU will be constructed by HD Hyundai Heavy Industries shipyard and is expected to be completed in 2027. Thereafter, the FSRU will be managed by the MOL group.The FSRU is being built for the project that involves the…

ABS Wavesight has appointed software and digital technology leader Staci Satterwhite to serve as Chief Operating Officer (COO), a new role for the maritime software as a service (SaaS) affiliate of ABS.Most recently serving as the COO of Khoros, a Vista private equity portfolio company, Satterwhite has extensive and diverse global experience helping develop and transform software and digital solutions.As COO, Satterwhite is responsible for leading product development and further enhancing customer interactions and experiences.

Australian steelmaker Bisalloy shares have risen some 40% since December 2023, powered by defence deals signed as part of the AUKUS nuclear submarine deal between Australia, Britain and the United States.Defence contractors large and small are looking at the $237 billion plan to build Australia a fleet of nuclear-powered submarines as a decades-long source of work. Australia will build the vessels to a British design with U.S. technology.Bisalloy said earlier this month it had signed a deal to sell a shipment of steel to part of U.S. shipbuilder Huntington Ingalls Industries, maker of the U.S.

Anacortes, Wash. shipbuilder Dakota Creek Industries (DCI) has delivered a new state-of-the-art oil spill response barge to Alyeska Pipeline Service Company for operation in the coastal waters of Alaska.The barge, named Allison Creek, is specifically designed by Elliot Bay Design Group (EBDG) to meet the rigorous requirements in Prince William Sound. Allison Creek has a capacity of 13,600 barrels, an overall length of 200', beam of 42', depth of 16' and is outfitted with a deck crane and on-deck houses to store emergency response equipment.The barge is certified by the U.S.

The Maritime International Advisory Panel (IAP) held its third annual meeting on April 16, 2024, during the Singapore Maritime Week 2024. This year, the Maritime IAP held in-depth discussions on the key developments in the maritime sector, including decarbonization, green financing, digitalization and cybersecurity.Established in 2022 by the Ministry of Transport (MOT) and the Maritime and Port Authority of Singapore (MPA), the Maritime IAP aims to seek international perspectives on key long-term trends and developments that will shape the maritime industry.

Esgian reports on the many rig movements that occurred last week in its Week 16 Rig Analytics Market Roundup.Report SummaryContractsADES Holding Company has received a letter of award from an international oil company for a one-year firm drilling contract for a jackup offshore Qatar.TotalEnergies has exercised a three-well option for Transocean 12,000-ft drillship Deepwater Skyros offshore Angola at a rate of $400,000, keeping the rig working into December 2025.After initially beginning a short-term job in the US GOM in January 2024…

The National Ocean Industries Association (NOIA) has appointed and approved the 2024-2025 term of the NOIA Board of Directors and Executive Committee. Jon Landes, President, Subsea of TechnipFMC has been elected as the NOIA Chair and Joe Leimkuhler, Chief Operating Officer of Beacon Offshore Energy, as the incoming NOIA Vice Chair.NOIA President Erik Milito said, “We are at a critical juncture where it's imperative to ensure that energy policy from Washington, D.C. does not hinder American energy production.

The United States has launched an investigation into alleged unfair practices within China's shipbuilding and maritime industries, drawing ire from Chinese officials.The probe was launched Wednesday by U.S. Trade Representative Katherine Tai in response to a petition filed by five national labor unions accusing China of using "non-market policies that are far more aggressive and interventionist than any other country" to obtain dominance over the global shipbuilding, maritime and logistics sector."The American commercial shipbuilding industry is a shell of its former self. . .

Damen Naval has selected Kongsberg Maritime Sweden to deliver controllable pitch propellers and shaft lines for the four Anti-Submarine Warfare (ASW) frigates for the Netherlands and Belgium.As part of this contract, Kongsberg will supply four shipsets of its controllable pitch propeller systems and associated equipment including blades, hubcaps, hubs, and shaft lines.The four ASW frigates will replace the current Karel Doorman-class multi-purpose frigates. They will be deployed for a wide variety of tasks, with anti-submarine warfare as their main purpose.

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply cargo handling and fuel supply systems for three new large sized ethane gas carrier (VLEC) vessels being built for Purus.The ships are under construction at the HD Hyundai Heavy Industries (HHI) yard in South Korea.In line with the Purus’ emphasis on achieving net zero carbon emissions for its fleet by 2030, the new vessels are designed to be as efficient as possible in all respects.The Wärtsilä cargo handling…

The Methanol Institute (MI) and SEA-LNG, key representatives of the methanol and LNG industries respectively, have expressed their deep concerns following the recent announcement by the European Commission impacting the trade of biomethane and biomethane-based biofuels such as biomethanol.The Commission has noted the intention to exclude the automatic certification of biomethane and biomethanol-based fuels produced through mass balance chain of custody in third-party countries outside the EU gas grids within the Union Database (UDB)…

Saudi Arabia’s Ras Al-Khair Special Economic Zone (SEZ) said it is seeking local and foreign investors to help boost the Kingdom’s maritime infrastructure.With an initial area of 20 square kilometers, Ras Al-Khair SEZ, operated by the Royal Commission for Jubail and Yanbu, is an expanding zone with two focus areas, The King Salman International Complex for Maritime Industries and Services, and the Offshore Cluster supply chain. The SEZ is located next to Ras Al-Khair Port, the Kingdom’s newest industrial port.Ahmed M.

Global industry leaders from North America, Asia and Europe have announced the formation of the North Pacific Green Corridor Consortium (NPGCC) whose members and partners will work together to decarbonize the value chain for commodities between North America and Asia.The NPGCC will apply its collective expertise to develop a corridor for the decarbonized transportation of multiple commodities, including agricultural products, metal concentrates and steelmaking coal.The members of the NPGCC are committed to establishing the consortium as a catalyst for decarbonization efforts…

The SMM 2024 trade show will run from September 3-6 this year, and organizers are expecting more visitors and exhibitors than last time; the exhibition halls are nearly fully booked.“We are expecting more than 2,000 international exhibitors from 70 nations,” says Claus Ulrich Selbach, Business Unit Director Maritime and Technology Fairs & Exhibitions at Hamburg Messe und Congress. “We are overwhelmed by the response. We are actually setting-up an additional hall to accommodate all requests.

Marine technology company Sea Machines Robotics has unveiled a new uncrewed surface vessel (USV) geared for industries ranging from hydrographic surveying, offshore asset inspection, and persistent on water operations such as security and environmental studies.The first model, SELKIE 7, is a 7-meter USV built on a high-density polyethylene (HDPE) hull and powered by the company's flagship SM300 Autonomous Command and Control system, unlocking autonomous capabilities for any task…

Provaris Energy and Norwegian Hydrogen AS have announced a new agreement to jointly progress the identification and development of several sites in the Nordic region for the large-scale production and export of hydrogen to European markets.The projects will utilize locally available renewable energy to produce hydrogen for shipment to European ports. This will assist energy-intensive industries in making an impact on their decarbonization plans and target a scale and level of…

Esgian reports on new contracts for Borr Drilling and Shelf Drilling (North Sea) jackups in its Week 15 Rig Analytics Market Roundup. Additionally, Energean has selected a drillship for its upcoming drilling campaign offshore Morocco. South America remains vital to the floating rig market, with ExxonMobil moving ahead on a sixth development on the prolific Stabroek block offshore Guyana and Petrobras reporting a new discovery in Brazil's Potiguar Basin.Report Outline:ContractsBorr Drilling has announced new contract commitments for three of its premium jackup rigs…

Subrosa Group (SRG) announced it is rolling out a new Maritime Security (MarSec) division, SRG Maritime Security, to deliver security services globally to the commercial shipping and offshore industries, private vessels and superyachts.SRG's CEO, Niall Burns, said, "The establishment of our Maritime Security division is a direct response to the critical need for elite armed protection for large vessels navigating increasingly perilous waters worldwide. Incidents of maritime attacks are alarmingly on the rise…

Mitsubishi Shipbuilding, part of Mitsubishi Heavy Industries (MHI) Group, has acquired an approval in principle (AiP) from the Japanese classification society ClassNK for its ammonia fuel supply system (AFSS).The AiP has been issued for the AFSS developed for the X-DF-A, a large, low-speed two-stroke ammonia-fueled engine under development by WinGD, a Swiss designer and licensor of large marine engines.In June 2023 Mitsubishi Shipbuilding and WinGD concluded a memorandum of understanding (MoU) to undertake joint technical studies on an AFSS…

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has received an order from Japan Engine Corporation (J-ENG) for an ammonia fuel supply system and ammonia gas abatement system.The fuel supply system will supply ammonia fuel to ammonia-powered marine engines developed by J-ENG, and the abatement system will safely treat any surplus ammonia. Both are remotely controlled automatically by an integrated control system. Mitsubishi Shipbuilding will deliver the modules to J-ENG in 2025.Going forward…

At SAAM’s annual general meeting last week, Chairman Óscar Hasbún outlined the objectives for the company's new phase, following the sale of the port terminals and inland logistics division."SAAM has robust solvency and liquidity indicators and a solid capital structure for this new cycle where our objective is clear: to become a leading global operator in the towage business and a regional leader in airport logistics. We are already a benchmark in both businesses and have developed a unique operating model…