Second News

A Valaris jack-up drilling rig is using an AI-enabled intelligent detection and tracking solution to provide automated person overboard detection and alerts, marking the first time the cutting-edge technology has been deployed in the offshore oil and gas sector.Zelim's ZOE software was installed on board the Valaris Stavanger in February after the Edinburgh-based technology company worked with the drilling contractor to customize the solution for the specific requirements of jack-up vessels.

Negotiations for the development of Tanzania's $42 billion liquefied natural gas export plant have been delayed by proposed government changes to a financial agreement reached last year, a government spokesperson and two company sources said.The government and investors announced last May they had completed negotiations on the long-delayed project to unlock Tanzania's vast offshore gas resources.Equinor and Shell are joint operators while Exxon Mobil, Pavilion Energy, Medco Energi…

Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry's capacity between Asia and Europe by up to 20% in the second quarter.Maersk and other shipping companies have diverted vessels around Africa's Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times pushing freight rates higher."The risk zone has expanded, and attacks are reaching further offshore…

Fortescue, with the support from the Maritime and Port Authority of Singapore (MPA) and partners, has completed propulsion and maneuverability trials of its Singapore-registered Fortescue Green Pioneer dual fuel ammonia-powered vessel in the Port of Singapore.The trials were conducted using 6.4 m3 (4.4 tonnes) of liquid ammonia, in combination with diesel and Hydrogenated Vegetable Oil (HVO), a second-generation biofuel, as marine fuel over 10 days from April 23, 2024 to May 2…

Meyer Turku Group's results for 2023 indicate the company's turnover was 1.43 billion euros, which means a growth of 10.6% compared to the previous year.Both the turnover and the number of personnel have been growing for three consecutive years. The loss for the financial year 2023 was 103.8 MEUR (i.e. -7.2% of the turnover).The fiscal year 2023 of the shipyard company was affected by the ship deals that were closed before the covid pandemic, the new prototype ship project and the loss provision for the ship to be delivered in 2024.Beyond that…

In the heart of maritime excellence in Oslo, Norway, the stage is set for the Nordic Maritime Forum 2024 to bring together industry leaders, ranging from shipowners, ship managers, ports, regulators, and classification societies to technology companies and suppliers, for two days of dynamic discourse and collaboration. With dates fixed for June 18th and 19th, this eagerly anticipated event will serve as a foundational platform for delving into the key themes shaping the maritime…

Shipping group Maersk raised its full-year profit guidance after reporting first-quarter earnings on Thursday, citing strong demand and higher freight rates as ships sail for longer to avoid conflict in the Red Sea.The company, viewed as a barometer of world trade, said that shipping disruptions caused by Houthi militants' attacks on vessels in the Red Sea were expected to last at least until the end of the year, adding that growth in demand for container shipping had been stronger than forecast."The container volumes we see today are quite high compared to GDP growth in the world economy…

Sunil Krishnakumar, Senior Technical Manager at the International Chamber of Shipping, provides his key insights on the newly released Engine Room Procedures Guide, Second Edition, by ICS.The shipping industry has embarked on a transformative journey, actively working towards a sustainable future and a safer environment. With a strong commitment to reducing greenhouse gas emissions, the industry is actively seeking the uptake and safe use of new low-GHG technologies and alternatives…

Tanker ordering has surged in the first few months of 2024 as shipowners owners seek to renew ageing fleets and add new vessels that meet latest environmental regulations.So far this year, 104 tankers have been added to the global orderbook, up from 79 for the same period last year, representing a year-on-year increase of c.32%, according to latest figures from Veson Nautical.Values for tanker newbuildings have also increased across all subsectors. LR2s of 115,000 DWT show the biggest leap…

U.S. exports of liquefied natural gas (LNG) fell for a fourth consecutive month to 6.19 million metric tons in April from 7.61 million in March on production outages, preliminary data from financial firm LSEG showed on Wednesday.Recurring mechanical problems have hit Freeport LNG, the second largest U.S. plant by capacity. Last month, the Quintana, Texas, terminal exported five cargoes for a total of 330,000 tons, compared to 21 cargoes and 1.42 million tons in December.Since mid-January, the plant has been operating without at least one of its three gas-processing trains.

China on Wednesday launched sea trials for the Fujian, its third and most advanced aircraft carrier, state media reported.The start of tests by the Chinese navy came nearly two years after the aircraft carrier was first unveiled in June 2022.The Fujian, entirely designed and built domestically, is larger and more advanced than the Shandong, commissioned in late 2019, and the Liaoning, which China bought second-hand from Ukraine in 1998.The development of the Fujian is part of a build-up central to President Xi Jinping's bid to make China the preeminent military power in the region…

Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline expansion due to start up on Wednesday may only be around half what the Canadian government-owned corporation has forecast, traders and shipping sources said.The C$34 billion ($24.82 billion) project to nearly triple the flow of crude from Alberta to Canada's Pacific Coast to 890,000 barrels per day is scheduled to start operating on May 1 after years of regulatory delays and construction setbacks.The extra 590…

Dennis Tetzlaff has been appointed Stena Line’s new Chief Operating Officer Fleet.Tetzlaff enters his new role with a wealth of experience, having worked in various professions within the shipping and cruise industry over the past two decades. Most recently, he comes from TUI Cruises, where he served as the Vice President Fleet Operations & Newbuild.Tetzlaff has a degree in nautical science and maritime transport from the University of Applied Sciences in Emden/Leer, Germany, but his career at sea already started at age 20…

Since the European Union sanctioned Russian oil exports in 2022, crude oil and dirty and clean petroleum products (CPP) have found new buyers. “India and China have taken most of the crude oil and dirty products while Turkey and Brazil have emerged as the main buyers of CPP. Year-to-date, Brazil’s import of Russian CPP has increased by 135% year-on-year,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Historically, the US has been the main supplier of CPP to Brazil, accounting for about 50% of all Brazilian CPP imports.

Corvus Energy has been selected by HAF Power Solutions (HPS) to supply Energy Storage Systems (ESS) for the Energy Subsea Construction Vessel (ESCV) to be built for shipowner REM Offshore.The new ESCV is of ST-245 design and will be the first vessel to perform heavy construction work in both offshore wind and the subsea market with net zero emissions. The vessel will be equipped with dual-fuel methanol engines and a 1.7MW battery system. The batteries will be used for spinning…

Norway's Equinor is confident of finding an investor for its planned Empire Wind 1 offshore wind farm in New York after a new power off-take agreement improved the project's economics, the company said on Thursday.New York State authorities in February awarded the project a new conditional power purchase contract, replacing a previous deal that was no longer competitive due to rising construction costs, higher interest rates and supply chain snags.Equinor was glad to have received the new contract, which significantly changed the economics of the project, CFO Torgrim Reitan told analysts durin

Esgian reports that new drilling contracts have been announced in the North Sea and West Africa in its Week 17 Rig Analytics Market Roundup.Report SummaryContractsShelf Drilling (North Sea) has secured a letter of award with an unnamed operator, believed to be TotalEnergies, for the 400-ft jackup Shelf Drilling Fortress for a campaign in the North Sea.Noble 12,000-ft 7th generation drillship Noble Venturer has secured new contracts in West Africa with Trident Energy and Rhino Resources…

The U.S. military's cost estimate to build a pier off Gaza to deliver humanitarian aid has risen to $320 million, a U.S. defense official and a source familiar with the matter told Reuters.The figure, which has not been previously reported, illustrates the massive scale of a construction effort that the Pentagon has said involves about 1,000 U.S. service members, mostly from the Army and Navy.Still, the cost has roughly doubled from initial estimates earlier this year, according to a person familiar with the matter."The cost has not just risen.

Three missiles were sighted approximately 15 nautical miles southwest of Yemen's Mokha, British security firm Ambrey said on Friday, and the United Kingdom Maritime Trade Operations (UKMTO) said that one vessel was damaged."The Master has reported two attacks.

The Philippines on Saturday denied a Chinese claim that the two countries had reached an agreement over an escalating maritime dispute in the South China Sea, calling the claim propaganda.A spokesperson at China's embassy in Manila said on April 18 that the two had agreed early this year to a "new model" in managing tensions at the Second Thomas Shoal, without elaborating.Philippine Defense Secretary Gilberto Teodoro said on Saturday his department was "not aware of, nor is it a party to, any internal agreement with China" since President Ferdinand Marcos Jr took office in 2022.

The IMO's Legal Committee met in person for its 111th session at IMO Headquarters in London from April 22 to 26 April 2024, and finalized guidelines on the fair treatment of seafarers detained on suspicion of committing crimes.These are to be applied where seafarers may be detained in a jurisdiction other than that of the seafarers' nationality on suspicion of committing crimes during the course of their employment on board a ship.The objective is to ensure that seafarers are treated fairly during any investigation and detention by public authorities…

Damen Shipyards has launched the second of its fully electric RSD-E Tugs 2513 at Damen Song Cam Shipyard.The tug is being built for the Port of Antwerp-Bruges, together with five conventional RSD Tugs 2513.When delivered later this year, it will be the first fully electric tug to operate in European waters.The port was one of the first to operate a conventional RSD Tug 2513 following Damen’s release of the vessel onto the market in 2018.The Port of Antwerp-Bruges, one of the busiest in Europe…

German shipowner Windward Offshore has ordered 3D Electric Controlled Motion Compensated (ECMC) cranes from Seaonics for two Commissioning Service Operation Vessels (CSOVs) being built by Norwegian shipbuilder VARD.The order marks Seaonics' first equipment delivery to Windward Offshore, a company founded by Blue Star Group, Diana Shipping and SeraVerse, in collaboration with and under the leadership of SeaRenergy Group.The first CSOV is scheduled for delivery in the second half of 2025…