Offshore Energy News

08 Oct 2019

Seacat Kicks Off 3-vessel Charter with Equinor

(Photo: Seacat Services)

Offshore energy support vessel (OESV) operator Seacat Services said it has commenced a long-term contract with Equinor, which will see three OESVs support the ongoing operations and maintenance (O&M) of the 88-turbine Sheringham Shoal Offshore Wind Farm in the UK North Sea.Throughout the contract, two of Seacat Services’ 21-meter vessels – Seacat Endeavour and Seacat Reliance – will operate on site all year round, and between March and October they will be joined on site by a…

26 Sep 2019

OMP Acquires Stake in TEN

Pic: Watson Farley & Williams

The maritime and offshore energy institutional investor OMP is acquitting of US$35m of Series G Redeemable Convertible Perpetual Preferred Shares of the Greek shipping company Tsakos Energy Navigation (TEN) in a private placement.Watson Farley & Williams (WFW) is advising OMP in preferred stock transaction.The Series G Preferred Shares will participate on an as-converted basis in any dividends declared and paid on TEN’s common shares and will be convertible at any time on a three and one-third-for-one basis into TEN common shares.Within the first quarter of 2021…

20 Sep 2019

IUMI Reports Cut in Offshore Insurance Premiums

James McDonald. Photo: IUMI

International Union of Marine Insurance (IUMI) Offshore Energy Committee reported a further reduction in global offshore energy premiums.Global premiums in this sector were reported to be USD 3.4 billion which represented a 3% reduction from 2017. This continued the downward trend: premiums in 2017 were down 5% on the previous year and premiums in 2016 were down 21% on 2015.James McDonald, Chair of the IUMI Offshore Energy Committee said: "The drop in premium income has largely followed the oil price which has dipped by around 20% over the past year.

05 Sep 2019

MN100: Texas A&M Maritime Academy

Admiral Michael Rodriguez, Superintendent of Texas A&M Maritime Academy

Dynamically Positioned for the Future, the Texas A&M Maritime Academy takes its place among our 2019 MN100 best of industry winners. It's 'no accident' that today's early adoption of DP curriculum puts the school and its students front and center when it comes time to man tomorrow's futuristic offshore energy support tonnage.Late last year, the Offshore Service Vessel Dynamic Positioning Authority (OSVDPA) announced that the Texas A&M Maritime Academy at Texas A&M University at Galveston was now the first maritime academy in the nation accredited to provide OSVDPA courses to its cadets.

25 Aug 2019

ROVOP Joins ORCA Hub

Pic: ROVOP

ROVOP, the global subsea robotics specialist, is the latest company to join the ORCA (Offshore Robotics for Certification of Assets) Hub offshore robotics, artificial intelligence and autonomous systems development program. The ORCA Hub is a consortium of five universities – Heriot-Watt University, University of Edinburgh, University of Liverpool, University of Oxford and Imperial College London – that are working together to develop highly specialized robotics and AI technologies for the inspection…

23 Aug 2019

Triton Knoll Selects Seacat for OESV

Photo courtesy of Trinton Knoll

Offshore energy support vessel (OESV) operator Seacat Services signed a  deal to support the construction phase of Triton Knoll offshore wind farm.The contract, which includes options for further vessel charters, will initially see two Seacat Services OESVs – one 26-meter and one 24-meter catamaran – operating out of Triton Knoll’s new Grimsby construction base, providing specialist crew transfer and logistical support at the 90-turbine, 857MW project off the UK’s East Coast.With offshore construction set to commence in Q1 2020…

15 Aug 2019

US Patent Approval for Wave Energy

Jussi Åkerberg, Chief Technology Officer (CTO) of AW-Energy Oy (Photo: AW-Energy Oy)

AW-Energy Oy, a Finnish wave energy technology developer, received an “approval” for AW-Energy’s patent application from the United States Patent and Trademark Office (USPTO).The patent [PCT/050485] provides AW-Energy with broad IP protection of its latest generation WaveRoller device including a range of operating improvements made to the device’s system and infrastructure, particularly on fail safe operating improvements to protect against extreme weather conditions.“This is a significant and exciting decision by the USPTO…

06 Aug 2019

Boost for Scrabster Harbor Project

 Image by Highlands and Islands Enterprise

The second phase in a major upgrade of Scrabster Harbor in Caithness, the North of Scotland, has secured up to GBP3 million investment from Highlands and Islands Enterprise (HIE).The funding will enable the redevelopment of the existing St. Ola pier to create further deep-water infrastructure and meet anticipated demand from cruise ships and offshore energy supply vessels. It will place the port in an ideal position to service activity in the West of Shetland basin.A new piled quay wall and pier deck will be installed to expand the existing pier.

02 Aug 2019

NOIA Weighs in on The COASTAL Act

National Ocean Industries Association (NOIA) Vice President for Government and Political Affairs Tim Charters

National Ocean Industries Association (NOIA) Vice President for Government and Political Affairs Tim Charters issued the following statement after the introduction of the Conservation of America’s Shoreline Terrain and Aquatic Life (COASTAL) Act:“It is vital that American offshore energy production promote equity for the states immediately adjacent to these offshore areas. By amending GOMESA and establishing a revenue sharing program for Alaska, the COASTAL Act will ensure that these states receive continued benefits from their participation in offshore energy production…

30 Jul 2019

Chartwell Confirms Another CTV Order

Photo: Chartwell

Class-leading offshore energy support vessel (OESV) operator, Seacat Services, has taken up its option to build a second multi-million-pound Chartwell 24 catamaran for the offshore wind sector. Seacat Rainbow, designed by pioneer in next generation vessel design, Chartwell Marine, will enter construction immediately at Isle of Wight shipyard Diverse Marine.Recent multi-vessel contract wins and charter extensions from valued long-term customers have led to high levels of forward utilization for the Seacat Services fleet, creating a strong commercial case for further expansion.

30 Jul 2019

Seacat Services Orders Crew Transfer Vessel

(Image: Chartwell Marine)

Offshore support vessel operator Seacat Services has taken up its option to build a second multimillion-dollar Chartwell 24 catamaran for the offshore wind sector. Seacat Rainbow, designed by pioneer in next generation vessel design, Chartwell Marine, will enter construction immediately at Isle of Wight shipyard Diverse Marine.Recent multi-vessel contract wins and charter extensions have led to high levels of forward utilization for the Seacat Services fleet, creating a strong commercial case for further expansion.

22 Jul 2019

World First: High-Wave Floating Solar Park

Image: Jan De Nul Group

A Belgian consortium has launched a project in high-wave offshore solar technology with the aim of building floating solar parks in the North Sea.Large maritime market players Tractebel, Jan De Nul Group, DEME, Soltech and Ghent University formed a consortium and announced the launch of an innovative project in the field of marine floating solar technology.The consortium strongly believe that solar photovoltaic (PV) panels in offshore waters are one of the essential future green energy sources.

15 Jul 2019

OP/ED: Stronger Together

Image CREDIT: AdobeStock / ©_Ian Dyball

In 1941, geologist Orval Lester Brace stated “it may be tentatively assumed that the Gulf of Mexico is a potential source of salt-dome oil. Whether or not it will be economically feasible to explore these waters for the domes that must exist is a question for the future to answer.”  The future hypothesized by Mr. Brace was not nearly as far off as it seemed. Less than six years after his proclamation, Kerr-McGee Oil Industries, along with Phillips Petroleum, Stanolind Oil and Gas Co…

03 Jul 2019

Esvagt Eyes Offshore Wind with New Hire

Photo: ESVAGT

Esvagt, provider of emergency rescue and response vessels and related services to the offshore energy industry, said it has appointed a new head of business development to lead a push into new services, including in offshore wind.The Danish vessel operator announced the appointment of Flemming Hjorth as Head of Business Development, New Services, the focus on business development will be even more concentrated. "When we develop the services that we can offer, we strengthen our relationships with our customers and help optimise the value chain for the benefit of both parties…

03 Jul 2019

Maersk OSV Adds Fleet Xpress

(Photo: Maersk Supply Service)

Maersk Supply Service has signed a three-year contract extension with Inmarsat for its new dedicated bandwidth service Fleet Xpress, including a a dedicated bandwidth charterer service agreement.The Danish company, which has a fleet of 40 anchor handlers, subsea support vessels and platform supply vessels deployed in Europe, the Americas, West Africa, South East Asia and Australia, is also an advocate for digital solutions that use data to optimize vessel operations, recently…

25 Jun 2019

Brent Bravo Arrives at Able Seaton Port

Image: Able UK

The giant 25,000-metric-ton Brent Bravo oil platform topsides arrived at Able Seaton Port in preparation for its dismantling and recycling, said Peter Stephenson, founder and Executive Chairman of Able UK.The Brent Bravo, which stands 410 feet tall and 230 feet wide, is the second platform from the Shell Brent field to be decommissioned at Able Seaton Port—the first, the Brent Delta, arrived in May 2017. Both were transported from northeast of Shetland by the Allseas vessel Pioneering Spirit…

24 Jun 2019

Damen Building an FCS 7011 in Antalya

Photo: Damen Shipyards

Two and a half years on from the genesis of the FCS 7011 concept in response to extensive feedback from the offshore energy sector, the build of the first of this design has begun at Damen Shipyards Antalya, Turkey. The milestone was marked by a traditional keel-laying ceremony held at the yard.At 70 meters in length, the newbuild will be the largest monohull vessel to be built in aluminium by Damen. It is scheduled for launch in August 2020, and the builder said a prospective client can realistically look forward to delivery by the end of that year.According to Damen…

21 Jun 2019

“Cautious Optimism” for Goltens Dubai

Photo: Goltens

The global downturn in offshore energy is well recorded, a downturn which has had impact on various arms of the energy and marine supply chain. While Goltens has felt the downturn like many other companies, it is reporting 'cautious optimism' in the Middle East premised on new international regulation and the need for shipowners to upgrade ships.Almost all the offshore vessels in Dubai are operating, and many have come in from Asia to do the same, but following the offshore crash in 2016, operators are delaying maintenance.

18 Jun 2019

Report: The U.S. Marine Market


Ferry First
Alabama’s Gee’s Bend Ferry recently entered service after being converted from geared-diesel to become the first zero-emission, electric-powered passenger/car ferry in the U.S. Owned by the Alabama Department of Transportation (ALDOT) and operated by HMS Ferries, Seattle-based Glosten provided concept through contract design and shipyard technical support of the vessel conversion to all-electric. Images courtesy Glosten/ALDOT

A ‘work in progress,’ the North American brown water, shallow draft sectors have experienced a tumultuous year of evolution, changing market conditions, a rapidly shifting regulatory environment and new opportunities. Anything but boring; and within the pages of Maritime Reporter’ & Engineering News’ Annual Yearbook, Joseph Keefe, editor of sister-publication MarineNews, takes a deep dive into the issues driving the domestic waterfront.Workboat EmissionsMore than one year ago, Volkswagon learned the ultimate (and painful) meaning of the iconic U.S.

31 May 2019

ABB Outlines Future for Lowestoft Port

Image: Associated British Ports

Associated British Ports (ABP), owner and operator of the Port of Lowestoft, has launched a consultation on the Port of Lowestoft Master Plan, a document that sets out ABP’s future vision for growth and development at the port from now until 2036, inviting stakeholders to have their say on the port’s future.Together with ABP's other two East Anglian ports, King’s Lynn and Ipswich, it contributes £360 million to the UK economy every year, supporting 5,300 jobs nationally.Coupled with ABP’s ongoing investment in its infrastructure…

22 May 2019

Tyne Port Attracts Offshore Wind Players

Image: Port of Tyne

The Port of Tyne, which comprises the commercial docks in and around the River Tyne in Tyne and Wear in the northeast of England, is increasing their offer to potential offshore wind manufacturers.Offshore wind could provide 30% of Britain's electricity generation by 2030, and the Port of Tyne is perfectly placed to support this growing renewable sector.Announcing that the ‘Tyne is right’ to utilise its location, within 100 nautical miles of Dogger Bank, Hornsea, Seagreen and Sofia…

14 May 2019

Risk Management on the Inland Waterways Evolves

Joe Hughes, Chairman & Chief Executive Officer of The American Club

The subchapter M towboat rules, safety management systems, and an emerging culture shift on the inland waterways brings with it a fresh look at how to manage risk. Is it time for P&I clubs to return to brown water? And should inland operators welcome them home?A mass exodus from the inland marine sector by P&I clubs in the mid-1990’s was precipitated by many things. Today, these very same vessels have been put under the subchapter M regime, and most are adapting SMS as a culture in the process.

10 May 2019

AIS Data: History & Future

Source: MarineTraffic.com

The Automatic Identification System (AIS) was developed with the sole goal of improving maritime safety by allowing ships in proximity to one another to automatically exchange information regarding their name, course, speed, type, cargo, etc. The exchange of this information would allow conning officers on each ship to make better decisions regarding the possibility of close encounters and the need to change course and/or speed. It would also make it easier for one ship to contact the other by radio-telephone to hopefully remove any doubt.

Maritime Reporter Magazine Cover Oct 2019 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
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 three times per week

Subscribe for Maritime Reporter E-News