Marine Link
Monday, April 23, 2018

Startup News

Liodden Named OBR's Sustainability Director

Birgit M. Liodden. Photo: Oslo Business Region

Oslo Business Region (OBR) has engaged Birgit M. Liodden as Director for Sustainability, Ocean Industries and Communication, with effect of May 2018. Liodden will be responsible for OBR’s activities linked to Oslo as European Green Capital 2019, and implementation of sustainability focus throughout all activities. She will also be responsible for ocean industries – a new area for Oslo Business Region – representing vast opportunities onwards. As part of Oslo Business Region’s strategy, sustainability is a key priority area moving forward.

MOL Group Seeks Startups Offering Innovative Solutions

North Sea block. Photo: MOL Group

MOL Group has announced a call for applications for startups with innovative solutions in the fields of mobility, loyalty marketing and big data, retail, as well as parcel delivery and distribution. The 3-month program, taking place in Budapest, in cooperation with the Hungarian incubation agency Design Terminal, is directed at startups whose solutions meet one of the objectives of MOL Group’s 2030 strategy: to become the first choice of customers on the move. MOL Group invites startups whose solutions are currently at developed incubation phase.

CMA CGM Unveils Startup Incubator Ze Box

Photo: CMA CGM

French container shipping giant CMA CGM has set up a new global startup incubator to drive its digital strategy. Based in Marseilles, France, the incubator Ze Box is set to house a dozen of startups from around the world, starting in June this year. Located in Le Castel building, it will cover a surface of 800m² and will house, starting June 2018, a dozen of startups coming from all around the world to develop their potential. A call for applications will be launched shortly. The creation of Ze Box is part of CMA CGM’s strategy to make digitalization one of the pillars of its development.

VARNA Products Works with Cummins Power Generation on Blackstart Prelube

Cameron Park, Ca….VARNA Products, manufacturer of industrial and marine oil and fuel oil pumps and turnkey control solutions is working with Cummins Power Generation to provide Turnkey DC Blackstart Prelube Systems for some QSK60L and QSV91L critical power generator sets. VARNA Prelube Pumps Minimize Engine Wear at Cranking and Help Ensure Generators Start. The highest engine wear rate occurs during startup. The longer the period between engine starts, the more engine damage that occurs.

CNOOC May Delay Deepwater Rig Startup to 2011

According to a June 8 report from Bloomberg, China National Offshore Oil Corp., the country’s biggest offshore energy explorer, may delay the startup of its first deepwater rig until 2011 because of a safety review after BP Plc’s oil spill in the Gulf of Mexico. The rig to be deployed in the South China Sea may not turn operational until the first quarter. (Source: Bloomberg)

Top Experts in Advisory PortXL

Photo:  PortXL

The advisory committee is, together with the board of trustees, the strategic advisory body of the PortXL accelerator program. PortXL is a mentorship driven open innovation program to accelerate tech startups from all over the world focusing on port related industries. The program wants to strengthen innovative activities into the ecosystem of Rotterdam and open the port of Rotterdam network to startups. "We are proud to have such a broad mix of leaders from various markets and areas of expertise.

CMA CGM Enhances Investment in Startup TRAXENS

Logo

The CMA CGM Group has contributed to the TRAXENS startup capital increase. Two other investment funds – CAAP Création (Crédit Agricole Group) and S.C.R. Provençale et Corse (BPPC Group) – are also part of the initiative. This capital increase will be dedicated to financing new research and development programs, as well as industrialization. With 90% of the world’s commercial products being carried by sea, maritime transport is the main mode of transportation. CMA CGM, third largest shipping company in the world, carries over 12 million containers every year.

Gruenhagen Named CFO at MV WERFTEN

Richard Gruenhagen (Photo: MV WERFTEN)

Shipbuilding group MV WERFTEN said it has appointed Richard Gruenhagen as Managing Director of Finance and Administration to reinforce the group's Management Board as new CFO effective February 1.   Gruenhagen graduated from Indiana University, is a Certified Public Accountant (USA), has many years of experience as Executive Financial Management Professional, broad business experience as CFO, Director of Finance, Chief Accountant and as Head FP&A & Controlling in large global companies and startups, incl. ABB and GE. Most recently, Gruenhagen worked as CFO at DHL Logistics in Switzerland.

Xtreme Adds Boating Industry Veteran to Advisory Board

Xtreme Companies, Inc. announced that Mike Phillips has been named to the Xtreme advisory board. Over a twenty year career, Phillips co-founder of major boat manufacturer Crownline, has also spearheaded the sales and dealer networks for two other startups (Mariah and Celebrity) which cumulatively delivered an aggregate of over $1 billion in boat sales throughout North America, South America and Europe.

Fortum Buys Stake in Wave Power Startup

  Finland's top utility, state-controlled Fortum, on Monday said it has acquired a 14 percent stake in Finnish wave energy developer Wello. Wello has developed a floating vessel that captures energy from waves and converts it into electrical power with a generator, Fortum said. It did not disclose the value of the deal. (Reporting By Jussi Rosendahl; Editing by Michael Urquhart)  

Petrobras Likely to Miss 2014 Output Goal

Photo: Petrobras

Brazil's state-run Petrobras will probably not meet its oil and gas production target for 2014 because of continued delays in the startup of new offshore oil platforms, a government source with direct knowledge of the situation told Reuters on Monday. Petrobras set a 2014 goal of increasing output by 7.5 percent, plus or minus one percentage point, hoping to break a string of missed targets caused by declining output from its largest existing fields and delays in new areas. (Reporting by Roberto Samora and Leonardo Goy; Writing by Jeb Blount; Editing by Jonathan Oatis)

BP Signs Crazy Horse Hull Fabrication Contract

BP Announced it has signed a Letter of Intent with Daewoo Shipbuilding & Marine Engineering Company, Ltd. of South Korea for detailed design, fabrication and transport of a semi-submersible unit for the Crazy Horse project in the Gulf of Mexico. The $380 million contract calls for delivery in the first quarter of 2004, in time for module integration and production startup in early 2005. equipment, a 188 person quarters, and a complete dual-hoist 2 million pound capacity 5th generation drilling system. Daewoo will build the unit at its fabrication yard in Okpo, Korea. The lower hull measures approximately 350 feet by 350 feet and the upper deck box will measure approximately 350 ft. by 450 ft. largest semisubmersible production/drilling unit in the world. (FEED) work.

Stolt-Nielsen Takes Stake in LNG Logistics Startup

Stolt-Nielsen Limited has announced  that Stolt-Nielsen Gas Ltd. (SNG), SunLNG Holding Ltd. (SunLNG) and LNGaz Ltd. have agreed to form a new startup focused on the development of small-scale LNG liquefaction and logistics services in Becancour, Quebec, Canada. The new joint venture, to be named Stolt LNGaz Ltd., will have a Canadian operating subsidiary, Stolt LNGaz Inc. The transaction represents an initial investment of US$ 20 million with SNG owning 50% of the venture. Stolt LNGaz intends to provide clean burning natural gas to remote mining operations and other industrial customers in northeast Canada at a substantially lower cost than diesel and residual fuel oil, which are the primary energy sources today.

BP Delays Thunder Horse Again

BP PLC (BP) reported that its Thunder Horse Gulf of Mexico project faces another setback, as a metallurgical failure will delay first production for at least 18 months pending the rebuilding of all production equipment on the sea bed, according to a Dow Jones Newswire report. The offshore oil and gas platform's new startup date will be mid-2008, a year and a half later than the previous estimate of early 2007, the London-based energy major said. The mammoth Thunder Horse field, the largest oil discovery in the deepwater Gulf of Mexico, has been plagued by delays since the platform was left listing after the passage of Hurricane Dennis in 2005.

2014 Freight Market Analysis

Photo: Greg Trauthwein

Consultancy and sales company in the transport and logistics industry, CarrierDirect, released its semiannual freight market perspective this month, giving guidance on what to expect for 2014 and how company leadership should be shaping their strategies to compete in the everchanging marketplace. CarrierDirect said coming from a somewhat better than anemic 2013, the transport and logistics industry has gotten some wind back in its sails as freight tonnage has gone up. Some companies…

Offshore Brazil Energy Output Climbing as FPSO's Come On-line

FPSO: Photo courtesy of Petrobras

In June 2013, Petrobras’ total output (oil and natural gas) in Brazil averaged 2,378 thousand barrels of oil equivalent per day (boed), 4.8% higher than May. Including the share operated by Petrobras for partner companies, total production in June was 2,489 thousand boed, 5.5% higher than the previous month. The increase in production was due to the startup of new wells connected to platforms FPSO Cidade de Itajaí, in Baúna field, Santos Basin, and FPSO Brasil, in Roncador field…

Wärtsilä Opening ‘Digital Acceleration Centers’

Wärtsilä has set out to accelerate new business ideas using a collection of “Digital Acceleration Centers” (DAC) scattered around the globe. The first DAC in Helsinki has been running in beta for several months and was officially launched today, and will be followed by the second to open in Singapore in December, as well as one in Central Europe and one in North America anticipated during 2018. Additional “pop-up” DACs will be tested with customers at other locations. Wärtsilä said opening the DACs is part of its digital transformation, which aims to help the company shift toward a data-driven, insights led, smart technology. Wärtsilä's Chief Digital Officer, Marco Ryan, explained, “The Digital Acceleration Center is all about getting business outcomes at pace.

Svitzer Continues Its Expansion In Towage

SVITZER ODEN assisting Ebba Maersk,Gothenburg, Sweden. Photo: Svitzer A/S

In highly challenged shipping and salvage markets, Svitzer delivered an underlying profit for Q2 2016 of USD 23m (USD 30m). In the first 6 months of 2016, Svitzer expanded its market share in key markets. It is also in the midst of implementing several long term contracts in its terminal towage segment. The startup costs of new operations, including a subsequent newbuilding program, impacts Svitzer’s return on invested capital (ROIC), which for the first 6 months of 2016 was satisfactory at 8.6% (11.3%).

PSA International Starts VC Arm

File Image: container operations underway ashore (Port of Wilmington)

Singapore-headquartered port operator PSA International Pte Ltd has set up a corporate venture capital arm, PSA unboXed, with an initial fund size of S$20 million ($14.66 million) to invest in startups. PSA said it would seek to invest in companies developing logistics solutions, including robotics and automation in container and cargo handling operations. "Through PSA unboXed, we want to encourage creative ideas that can improve and revamp logistics technology, increase port productivity and enhance the integration…

FPSO Start-ups Boost Petrobas Offshore Brazil Production

Oil output (oil plus natural gas liquids - NGL) from all of Petrobras' fields in Brazil averaged 1.979 million barrels per day (bpd) in September, which is 3.7% higher than the average output of the previous month (1.908 million bpd). Petrobas explain that this positive result was due to the startup of new wells on platforms FPSO Cidade de Itajaí (Santos Basin), P-53 and P-54 (Campos Basin) and FPSO Piranema (Sergipe Basin). In line with the planned schedule, the maintenance stoppages in September of P-26 and P-35, both in Marlim, were concluded, as well as the activities related to the upcoming stoppage of P-51, in Marlim Sul, and of the natural gas processing plant UPGN2 in Urucu, in UO-AM. The highlight of the month was the pre-salt output record of 326,800 bpd.

CNOOC Announces Startup of New Platform

CNOOC Limited announced that Platform C of Phase of Penglai (PL) 19-3 has come on stream successfully. This is the first Wellhead Platform starting production in Phase â…¡development of PL19-3. The development facilities in Phaseâ…¡of PL19-3 include: 5 wellhead platforms, a central processing facility and a world-class FPSO, with a designed processing capacity of 190,000 barrels of oil per day. PL19-3 oil field is located in Block 11/05 in Bohai Bay, the largest oil field offshore China currently. The field is jointly developed by CNOOC Ltd. and ConocoPhillips China Inc. (COPC). CNOOC Ltd. holds 51% interest of PL 19-3 and the Operator, COPC holds the rest 49%. Phase of PL 19-3 has started production successfully in December 2002.

JMS Hires Business Development VP

Justin Manley has joined Juliet Marine Systems (JMS) as Vice President of Business Development and Marketing, the company announced today. Manley brings over 20 years of experience in the marine technology sector including roles at Massachusetts Institute of Technology (MIT) and with the National Oceanic and Atmospheric Administration (NOAA). He has also led growth of sales and development of new products at both startup companies and public corporations. At JMS, Manley will lead all aspects of sales, marketing and business development. In addition to his new role at JMS, Manley is involved in the marine technology profession through a variety of leadership roles.

Adsteam Considers Expansion

According to an Australian Associated Press report, maritime services company Adsteam Marine Ltd is considering expanding operations into Asia and mainland Europe as part of its growth strategy. The firm was now considering expanding its existing markets as well as looking at new acquisitions since restructuring the business over the last two and a half years, according to the report. Adsteam - which operates more than 200 tugboats, barges, workboats and launches - earlier told shareholders at its annual general meeting that it expects net profit to be in the range of $42 million to $46 million this year. Last year the firm booked a $38 million net profit after adjusting for new international accounting standards.

Maritime Reporter Magazine Cover Apr 2018 - Offshore Energy Annual

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