Prince News

17 Jun 2020

BAE Systems Builds RIBs for Trinidad and Tobago Patrol Ships

(Photo: BAE Systems)

BAE Systems has been awarded a contract worth almost £2 million ($2.5 million) to provide six Pacific 24 (P24) rigid inflatable boats (RIBs) to Austal, based in Australia. The RIBs, built and customized in BAE Systems’ Boats factory in Portsmouth, U.K. are being supplied to Austal to equip two Cape-class Patrol Boats under construction for the Trinidad and Tobago Coast Guard.The P24 is a small and agile boat that can be deployed for a variety of tasks from counter-piracy and counter-narcotics missions, to force protection, rescue and logistics operations.

05 Jun 2020

Eidesvik Wins PSV Charters with Aker BP

Viking Lady - Image Credit: MarineTraffic

Norwegian offshore support vessel operator Eidesvik Offshore has secured contracts for two of its offshore vessels with the Norwegian oil firm Aker BP.Aker BP has awarded Eidesvik's LNG-powered platform supply vessel Viking Lady a four-month contract extension. The extension is in direct continuation of the current contract, and starts in early September and ends in late December 2020.Also, Aker BP will charter the VIking Prince vessel, also on a four-month charge, also starting in early September.The Viking Prince…

27 Apr 2020

Interview: A Return to Wind Power with Tuomas Riski & Norsepower

Norsepower CEO and co-founder Tuomas Riski.

Norsepower CEO and co-founder Tuomas Riski has put a new spin on some established technology, bringing wind power back to shipping in an undeniably eye-catching manner. Here Nor-Shipping’s latest ‘Ocean Action Hero’ explains the benefits of his firm’s unique technology, his plans for building global market presence, and the key role Norsepower’s sails can play in enabling a more sustainable shipping industry. “But isn’t there a problem that some people think it looks, you know… a bit odd?” Tuomas Riski laughs at a question that you quickly get the feeling he’s dealt with before.

15 Apr 2020

Clean-up Crews Tackle Valdez Marine Terminal Oil Spill

© Tomasz Wozniak / Adobe Stock

Clean-up crews were working to contain an oil spill at the Trans-Alaska Pipeline System's (TAPS) Valdez Marine Terminal, officials said on Wednesday, but the volume spilled was not preventing tankers from loading at the site.A sump overflow spilled oil into the water at the terminal on Sunday night. By Wednesday, clean-up crews had recovered 574 barrels (24,108 gallons) of an oil-water mix, authorities said.A team composed of system operator Alyeska Pipeline Service Co, the U.S.

14 Apr 2020

Record Oil Output Cuts Fail to Make Waves in Coronavirus-hit Market

© Emmanuel Campos / Adobe Stock

The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain to climb if they are to restore market balance as the coronavirus shreds demand and sends stockpiles soaring, industry watchers said.After several days of discussions, oil producing and consuming countries aim to remove nearly 20 million barrels per day (bpd) or 20% of global supply from the market, Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Monday.The oil market has barely shrugged, however: Brent crude gained 1.5% on Monday, while U.S.

13 Apr 2020

OPEC, Russia Approve Biggest-Ever Oil Cut to Support Prices

OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic in an unprecedented deal with fellow oil nations, including the United States, that could curb global oil supply by 20%. Measures to slow the spread of the coronavirus have destroyed demand for fuel and driven down oil prices, straining budgets of oil producers and hammering the U.S. shale industry, which is more vulnerable to low prices due to its higher costs.

03 Apr 2020

Oil Posts Biggest One-day Gain After Trump Touts Saudi-Russia Deal

© Pavel Ignatov / Adobe Stock

Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil.Trump said he had spoken to Saudi Crown Prince Mohammed bin Salman, and expects Saudi Arabia and Russia to cut oil output by as much as 10 million to 15 million barrels, as the two countries signaled willingness to make a deal.Trump did not specify barrels per day (bpd)…

24 Mar 2020

31 Years Ago Today: The Exxon Valdez Oil Spill

© MelissaMN/AdobeStock

On March 24. 1989, the single-hull tanker Exxon Valdez was departing the Port of Valdez, Alaska with a full load of North Slope crude oil (approximately 1.26 million barrels) destined for Long Beach when it grounded on Bligh Reef in Prince William Sound. The resulting oil spill (approximately 258,000 barrels), while not the largest in US history, was clearly the most important. It engendered much litigation. Public concern over the spill led directly to enactment of the Oil Pollution Act of 1990 (OPA 90)…

24 Feb 2020

DP World Buys North American Terminal

Image: DP World

Dubai-based port operator DP World announced it has completed the acquisition of Fraser Surrey Docks in Canada from Macquarie Infrastructure Partners (MIP) alongside its partner Caisse de dépôt et placement du Québec (CDPQ).The enabler of global trade said in a press release that said the acquisition complements its footprint in Canada, which also includes terminal operations in Vancouver, Nanaimo, Prince Rupert and St John’s, without disclosing the value of the purchase.The integrated coast-to-coast platform provides customers with bulk…

19 Feb 2020

EDS Wraps Up Horns Rev 3 Work

Image: Vattenvall

UK high voltage engineering specialist EDS HV Group has completed consultancy work at Vattenfall's 407MW Horns Rev 3 (HR3) wind farm off Denmark.Vattenfall’s Horns Rev 3, located off the coast of Denmark, contains 49 8.3MW MHI Vestas turbines, with a total capacity of 406.7MW, enough to provide renewable energy to 425,000 Danish Homes, said a press release from EDS, part of James Fisher and Sons plc.Under the scope of work EDS provided pre-site engineering support, HV system reviews…

12 Feb 2020

Stephens Elected PVA President for 2020

Colleen Stephens (Photo: PVA)

Colleen Stephens, President of Stan Stephens Glacier & Wildlife Cruises will be President of the Passenger Vessel Association (PVA) for 2020, the trade association announced.Elected during the PVA Annual Convention at MariTrends 2020 held February 3-6, 2020 in Tampa, Fla., Stephens reaffirmed PVA's commitment to continuously improving safety in passenger vessel operations as well as the association's engagement in being good stewards of the environment. "PVA's Green WATERS program…

09 Jan 2020

HMS Prince of Wales Completes Sea Trial

Image: GE Power

HMS Prince of Wales, the second of the U.K.’s Queen Elizabeth Class aircraft carriers, has recently completed a successful sea trial in Scottish waters.The ships are the largest ever built for the Royal Navy and the carriers are powered by GE’s energy-efficient, integrated full-electric propulsion system.As part of the Aircraft Carrier Alliance, GE’s Power Conversion business has provided the HV Distribution system, HV Drives and Propulsion Motors as well as the Electrical Power Control and Management system.GE also supplied the HV Generators to support generating power for the entire carrier.

30 Dec 2019

DP World to Invest $500 in Jeddah Port Upgrade

Photo: DP World

The global port operator DP World has been awarded a 30-year Build-Operate-Transfer (BOT) concession by the Saudi Ports Authority (Mawani), for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port.According to a press release from the UAE-based world leader in global supply chain solutions, under the agreement, DP World will invest up to $500 million to improve and modernize the Jeddah Islamic Port, including major infrastructure development to enable the Port to serve the ultra-large container carriers (ULCC’s)…

17 Nov 2019

Prince of Wales Maiden Visit to Home Port

Image: BAE Systems

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…

13 Nov 2019

Prince Frederik to Address WindEurope Event

Photo: WindEurope

Crown Prince Frederik of Denmark will deliver the opening address at the WindEurope Offshore 2019, which is claimed to be the world’s largest event dedicated to offshore wind.The event, which will take place in Copenhagen from 26 to 28 November, will gather 9,000 participants and more than 400 exhibitors as the industry gears up to help deliver Europe’s goal of becoming carbon neutral by 2050.After Crown Prince Frederik of Denmark the Prime Minister of Denmark on 26, November, Mette Frederiksen, will address the event.

26 Sep 2019

Canadian company ships solid oil sands bitumen to China

© Igor Groshev / Adobe Stock

A Canadian company has loaded a test cargo of solid bitumen onto a vessel destined for a refinery in China, the latest effort by the energy industry to avoid congested export pipelines and find new ways to export more oil sands crude.Calgary, Alberta-based Melius Energy loaded 130 barrels of neat bitumen, similar in consistency to a hockey puck, onto a 20-foot shipping container in Edmonton, Alberta, and transported it by rail to the Port of Prince Rupert in northern British Columbia.

24 Sep 2019

UAE Joins ICS

Photo: International Chamber of Shipping (ICS)

UAE maritime industry, yesterday (Tuesday 24th September) saw the UAE Shipping Association (UAESA) becoming a full member of the International Chamber of Shipping (ICS).The signing, which took place on Day 2 of Seatrade Shiptech at the Madinat Jumeirah, Dubai, UAE, will provide a framework for closer collaboration between the two associations. The event is a part of the UAE Maritime Week taking place under the patronage of His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum…

20 Sep 2019

HMS Prince of Wales Goes for Maiden Voyage

Prince of Wales sections leaving Cammell Laird in Birkenhead. Photo: Cammell Laird

Britain's newest aircraft carrier has sailed out of Rosyth dockyard for the first time. The GBP3bln, 65000 ton HMS Prince of Wales will sit at anchor in the River Forth for around 2-7 days following departure from the dockyard to complete Initial Sea Safety Training.The vessel is the sister ship of HMS Queen Elizabeth."Cammell Laird is proud to have played a key role in the construction of this magnificent vessel – one of the most powerful surface warships ever constructed in the UK…

18 Sep 2019

Aramco Rapidly Restores Production Capacity

Photo: Saudi Aramco

Saudi Arabia's oil and gas giant Saudi Aramco announced that it will fully restore its production capacity by the end of September, in light of the Saturday's drone attacks that caused disruptions on around half of the country's oil capacity.Prince Abdulaziz Bin Salman, Minister of Energy, and HE Yasir Rumayyan, Chairman of Saudi Aramco, Mr. Nasser said: “The terror attacks on our plants at Abqaiq and Khurais were timed to create maximum damage to our facilities and operations.

11 Sep 2019

Shoreham Welcomes Maiden Barrett Cargo

Image: Shoreham Port

UK's cargo handling port on the South Coast Shoreham Port has welcome the first shipment of steel to the Barrett Steel site, following the assignment of the lease for the steel premises at the Port.Barrett Steel, who are the largest independent steel stockholder in the UK, had their first cargo vessel arrive at the Port, it said.Dave Bunker, General Manager Operations at Shoreham Port said “The vessel MV Jevenau arrived Sunday carrying 878 bundles of steel sheet piles weighing 3…

05 Sep 2019

Evergreen, CN Extend Intermodal Pact

Pic: Canadian National Railway

Canadian National Railway (CN) and Taiwanese container transportation and shipping company Evergreen Line announced that their long-standing relationship of 27 years will continue with a new agreement extending their intermodal partnership.Evergreen and CN have long enjoyed a mutually beneficial partnership, with Evergreen calling at CN served ports such as Vancouver, Prince Rupert, and Halifax. This new agreement furthers the privileged relationship between both companies.“We are pleased to be renewing our partnership with CN…

04 Sep 2019

Cosco, CN Extend Intermodal Pact

Canadian National Railway (CN) announced that COSCO Shipping has chosen CN to be the exclusive rail provider for the Chinese state-owned shipping company's discharge at the Ports of Vancouver, Prince Rupert, Montreal, and Halifax to all currently served CN destinations.“We are proud that CN’s supply chain logistics and focus on growth has earned the continued trust of COSCO shipping’s business,” said Keith Reardon, senior vice-president of consumer product supply chain at CN.“This is yet another strategic contract signed recently.

23 Aug 2019

Scandinavia's Largest Offshore Wind Farm Opens

From left to right: CEO of Vattenfall Magnus Hall, Chairman of Vattenfall Lars G. Nordström, HRH Crown Prince of Denmark, Danish Prime Minister Mette Frederiksen, Minister of Climate, Energy and Utilities Dan Jørgensen and pupils from Hvide Sande School. Photo: JESPER VOLDGAARD

European energy giant Vattenfall opened Scandinavia’s largest offshore wind farm, Horns Rev 3.The 49 wind turbines on the Horns Rev 3 also represent Vattenfall’s and Denmark’s largest offshore wind farm, which is located 25-40 kilometers off Denmark’s west coast in the North Sea.Yesterday (22 August 2019), Crown Prince of Denmark accompanied by Danish Prime Minister Mette Frederiksen and the Minister of Climate, Energy and Utilities Dan Jørgensen officially opened Denmark’s, Scandinavia’s…

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 five times per week

Subscribe for Maritime Reporter E-News