Offshore And Marine News

The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has announced the start of construction of its first fully electric PXO-series tug (e-tug) and supply boat (e-supply boat) by PaxOcean Group.The zero-emissions vessels are among the first and largest local electric harbour craft designed for operation in Singapore’s coastal waters. They are targeted for deployment in 2025, ahead of the nation’s goal for all new coastal…

N-KOM, an offshore and marine repairs facility in Qatar, is rebranding as Qatar Shipyard Technology Solutions. The company adopted launching its new identity in alignment with its 13th anniversary, confirming its endeavor to make a qualitative leap to the service provided to its customers in all fields, including technology. This adoption came in the form of the company's new name to become Qatar Shipyard Technology Solutions emphasizing the importance of its geographical location in the State of Qatar.

Yinson GreenTech (YGT) and the Goal Zero Consortium led by SeaTech Solutions have officially launched Hydromover, a lightweight, 18.5 meter vessel that has become Singapore’s first fully electric cargo vessel.The vessel is designed with swappable battery solutions and can carry up to 25 tonnes of cargo. It generates zero emissions and can potentially reduce operational costs by up to 50% compared to conventional vessels due to improved energy efficiency and lower maintenance costs.The…

ABS and Singapore-based shipyard Seatrium Limited have achieved the assignment of a structural health monitoring notation for a self-elevating drilling unit (SEDU).ADMARINE 686 is the world’s first SEDU to receive the ABS SMART (SHM) Notation, recognizing its ability to monitor and analyze the condition of a range of key structural elements, supporting physics-based analysis and simulation for a holistic structural health assessment and prediction of drilling and maritime assets.Seatrium…

Chinese shipbuilder China Merchant Heavy Industries (CMHI) has contracted TMC Compressors (TMC) to deliver the completed marine compressed air system to a newbuild FPSO the Chinese yard is constructing for the Dutch FPSO leasing firm SBM Offshore.Under the contract, TMC will provide a large-capacity marine compressed air system, including compressors for control and service air on board the FPSO.TMC will manufacture and assemble the equipment in Europe and deliver it to CMHI in China.

An offshore wind industry is growing in the U.S. with an aim to meet the Biden Administration’s goal of 30 gigawatts (GW) of offshore wind by 2030, and eventually 110 GW by 2050.But as is the case for any new industry that is building up, there are going to be bumps along the way. The U.S. offshore wind industry is currently grappling with rising costs amid unprecedented supply chain issues and inflation, among other issues.One of the main challenges unique to offshore wind is a shortage of vessels.

Maersk and Hong Lam Marine have conducted the world’s first ship-to-container ship methanol bunkering operation of a Maersk’s container vessel at the Raffles Reserved Anchorage in Singapore.This was also Singapore’s first methanol bunkering and it was conducted with the support of the Maritime and Port Authority of Singapore (MPA), government agencies and research institutes.Maersk’s container vessel – the world’s first container vessel sailing on green methanol – was successfully refuelled with approximately 300 metric tonnes of bio-methanol via Hong Lam Marine’s Singapore-registered tanker…

Singapore's Keppel Corp KPLM.SI on Thursday reported a more than seven-fold jump in its first-half profit boosted by a one-off gain from the sale of its offshore and marine (O&M) unit and strong performance from the infrastructure business.Keppel sold its offshore and marine business in February for S$4.50 billion ($3.40 billion) to Sembcorp Marine, recognising a gain of S$3.3 billion, as it aims to transform into an asset manager overseeing $150 billion by 2030 and focus on green energy.It managed S$53.2 billion in funds as of June 30.In May…

Classification society ABS announced it has granted approval In principle (AIP) to Wison Offshore and Marine’s (WOM) Extended FEED on its standardized 3.5 MTPA floating liquefied natural gas (FLNG) design.WOM has said the standardized design reduces CO2 emissions and results in a shortened engineering schedule by about 40%.Jiang Hao, WOM General Manager, FLNG Division, said, “WOM continues to optimize and standardize FLNG design, which would significantly improve the production efficiency and effectively reduce the carbon emissions in the production process. . .

The energy transition is moving ahead amid recovery in offshore oil & gas and growth in offshore wind, leaving vessel owners that serve these markets with big questions about energy carrier and energy converter selection for their newbuilds.What is driving the change?The foundations of energy transition in the offshore and marine segment can be found at global, regional, national and local levels:At a global level, International Maritime Organization (IMO) measures cover vessel energy efficiency (for vessels over 400 gross tonnes) and carbon intensity (for vessels over 5…

Kongsberg Digital's cloud infrastructure Vessel Insight has received the American Bureau of Shipping (ABS) Product Design Assessment Certificate for SMART (INF) for data infrastructure in accordance with the ABS Smart Functions Guide, in addition to ABS CyberSafety PDA certification. This is the first time ABS has awarded this combination of endorsements to a single product.According to Kongsberg Digital, Vessel Insight is a software-as-a-service (SaaS) solution that provides vessel-to-cloud data infrastructure…

Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain.There has been much focus on the emerging floating wind market of late.The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of at least 24 gigawatts (GW) of floating wind capacity representing close to 1,500 floating turbines that will come on stream through 2030. And this will be soon followed by the award of at least 4 GW of capacity through the Celtic Sea floating wind auctions. The U.S.

Wilhelmsen Ship Management has appointed Felina Lin as its new Vice President of Services and New Growth.Responsible for growing the company's ship management’s service portfolio, Lin  will launch conventional and innovative services that supplement Wilhelmsen Ship Management's core business, the company said.Lin brings in over a decade of commercial experience from her role working in ship owner and ship manager for the offshore and marine segment. Having a full spectrum of all dimensions…

Singapore's Sembcorp Marine (Sembmarine) scrapped a deal to merge with Keppel Corp's offshore and marine unit and form new company, in favour of directly buying the unit for S$4.50 billion ($3.19 billion), the Temasek-backed oil rig builder said on Thursday. The new structure also lowers the value of Keppel's unit by S$378 million from the S$4.87 billion valuation it got according to the terms of the previous agreement struck in April, Sembmarine said. This deal gives Sembmarine's shareholders a bigger stake –– of 46% stake…

France-based clean hydrogen producer Lhyfe has launched the world’s first offshore renewable green hydrogen production demonstrator.The pilot was launched yesterday (September 22) in Saint-Nazaire, France, which will now begin an 18-month wind-powered pilot, as part its drive towards large-scale carbon reduction.It involves Lhyfe's new Sealhyfe 400 kg/day (1MW equivalent) green hydrogen producing electrolyser platform, which has been installed on the WAVEGEM wave energy platform developed by Geps Techno.

Bureau Veritas Solutions Marine & Offshore, the marine and offshore technical advisory branch of Bureau Veritas, saw a surge in the decommissioning support field orders in the first six months of 2022.The company said that new decommissioning support deals in the UK, Brazil, South Africa, Australia, and New Zealand have led to BV Solutions M&O exceeding its full-year target by end-June – a target set before the economic downturn caused by the Covid-19 pandemic.The projects awarded have been focused on risk and marine assurance…

Singapore's Sembcorp Marine Ltd (Sembmarine) said on Friday its half-year loss narrowed 78% from a year earlier, as the oil rig builder finished delayed projects after pandemic curbs were eased while also benefiting from cost management.The company said its overall order visibility has improved on the back of rising oil prices and renewed concerns about energy security amid geopolitical tensions.Sembmarine has been a loss-making business since it posted an annual loss in 2018, in an industry plagued by oil price volatility, a drop in new orders, and the pandemic's impact.The company on Friday

High Tien Offshore, a Taiwanese company that specializes in offshore wind marine engineering services, announced its collaboration with Ship and Ocean Industries R&D Center (SOIC) and Jong Shyn Shipbuilding (JSS) to build offshore vessels.“In order to support government’s localization development policy and developers’ bidding for the offshore wind farms of zonal development in Round 3, High Tien Offshore plans to build Crew Transfer Vessels (CTV) and Service Operation Vessel (SOV), with the mission of creating Taiwan values and establishing autonomous capability of marine vessels.

Floating nuclear power plants (FNPPs) may not immediately spring to mind as providing a solution to several of today’s key global challenges – but FNPP development is emerging as a means of decentralized stand-alone production of cost competitive hydrogen-based fuels and clean electricity and water, according to a new report by Intelatus Global Partners.The commercial case for deployment of FNPPs featuring small modular reactors is founded in the growing demand for hydrogen and…

Keppel Corp's offshore and marine (O&M) arm and smaller rival Sembcorp Marine are working towards having an agreement over their business unification in place by the end of April, the companies said on Thursday.The companies had first announced plans to combine their loss-making O&M businesses in June last year. The deal would see Keppel spin off the new business into a listed entity, with Singapore state investor Temasek becoming the largest shareholder in the combined company.

Singapore-listed offshore services provider Marco Polo Marine has completed the acquisition of the offshore renewables service firm PKR Offshore.Marco Polo bought the Taiwan-based company through its 49% owned joint venture company, Oceanic Crown Offshore Marine Services Ltd, through the completion of its previously announced share purchase agreement with Kerry and POSH.PKR was part of the POSH Kerry Renewables joint venture, a service provider for the offshore renewables sector that offers a suite of services across the entire life cycle of offshore wind projects. "The completion of the acquisition of [PKR Offshore ] is expected to…

Singapore's Sembcorp Marine (Sembmarine) has agreed to a multi-billion dollar merger with Keppel Corp's larger offshore and marine unit, a year after the Temasek-backed firms began deal talks to cope with an industry downturn.The loss-making oil rig builders have been whiplashed by years of oversupply and oil price volatility as well as a drop in new orders.Such troubles have been exacerbated by the global transition towards renewable energy, consolidation at Chinese and South Korean rivals…

Singapore's Keppel Offshore & Marine said Thursday it had completed work on the Maju 510 tug, its first autonomous vessel project."Capable of autonomous vessel navigation as well as collision detection and avoidance (CDCA), the Maju 510 tug, owned and operated by Keppel Smit Towage, is the first vessel in the world to receive the Autonomous Notation from ABS classification society," Keppel O&M said.According to Keppel O&M, the tug is the first in South Asia that can be remotely operated by joystick control.