Tdw News

Groningen-based shipping company Longship said it has ordered a series of four "ultra-low" emission 8,600 TDW vessels from Atlas Shipyard in Turkey, with the first unit to be delivered in spring 2024Based on a new ship design developed by Longship with Dutch naval architect Ankerbeer BV, the vessles will reduce emissions and be compliant with the EU Stage V standards applicable to non-road mobile machinery (NRMM). The hull design and diesel-electric propulsion system delivers an ultra-low fuel consumption by using two low revolution engines.According to the companies…

Gelibolu Shipyard in Turkey has started building a next generation diesel-electric short sea shipping vessel developed by ship design and engineering firm Conoship International Projects (CIP).The 3,600 tdw general cargo vessel is suited for sea-river operations, designed to be efficient and environmentally friendly with enlarged propeller in combination with a ConoDuctTail and optimized hull lines. The ship is also ready for wind-assisted propulsion, with space for the placement of Econowind VentiFoils…

Norwegian investment company Standard Drilling said Tuesday it had sold its 33.3% ownership in the VLCC Gustavia S, following the updated company strategy. Standard Drilling, which in 2013 sold off its offshore drilling rigs, only to return as offshore vessel owner in 2016, in January 2020 entered the tanker market by acquiring a 33.3% ownership in the newly built Gustavia S VLCC.Now, the company has sold its stake in the 300 000 TDW ECO Design Crude Oil Tanker built by Daewoo Shipbuilding & Marine Engineering Co and fitted with scrubber technology delivered by Wärtsila. The transaction values the vessel at USD 93 million, where Standard…

German shipping company Oldendorff Carriers said on Tuesday that earlier this year it ordered a Capesize bulk carrier newbuild at Namura Shipbuilding in Japan and purchased a trio of secondhand Post-panamax bulkers from three Japanese owners.The 182,000 tdw eco Capesize newbuild is due for delivery during the fourth quarter of 2022. It features a Mitsui-MAN B&W 6G70ME-C9.5(EGRBP) NOX Tier III main engine and a new hull form, which results in a very low fuel consumption.

Just several months after the launch of Harren Bulkers, three 93,000 tdw Post-Panamax bulkers have been secured for the company's fleet on a long-term basis.The newly formed Bremen-based shipping company on Wednesday announced the acquisition of the 2011-built Post-Panamax bulker Topas. The ship will be named Pablo, and with an overall length of 229.2 meters (38-meter beam, 14.9-meter draft) it is currently the largest ship in the Harren Bulkers fleet. The two 2012-built sister…

German shipowner Oldendorff Carriers says it has recently taken delivery of two new bulk carriers, continuing a string of newbuild deliveries from Chinese and Japanese shipyards.The 63,000 tdw Ultramax Britta Oldendorff and 100,000 tdw Post-panamax Diane Oldendorff, both built by Japanese yard Oshima Shipbuilding and handed over during the second quarter of 2020, are among 23 bulk carrier delivered to Oldendorff since early 2019. The vessels were mostly ordered between 2015 and 2017 at "attractive prices"…

Standard Drilling, an offshore driller turned offshore support vessel owner, has now decided to make another shift in its game.The company, which in 2013 sold off its offshore drilling rigs, only to return as offshore vessel owner in 2016, on Tuesday said it would enter the tanker market by acquiring a 33.3% ownership in a newly built VLCC.Delivery from the yard, Daewoo Shipbuilding & Marine Engineering Co in Korea, is expected later this week. The purchase price of the VLCC is $106 million.Standard Drilling will invest $36.5 million…

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil. Seacor Marine’s John Gellert, in reviewing its Q2 results, said: “Activity levels in the U.S.

German bulk carrier company Oldendorff Carriers  signed a Coal Transportation Agreement (CTA) with  Bangladesh Chinese Power Company limited(BCPCL).Oldendorff will provide a full transportation solution to BCPCL, which includes coal transportation from Indonesia or Australia with transshipment in Andaman & Nicobar to Payra power plant in Bangladesh.The coal transshipment will allow BCPCL to take advantage of lower freight costs using larger vessels to Andaman & Nicobar, and smaller vessels will deliver the cargo to BCPCL, due to draft restrictions at Payra port.Weather restrictions for transshipment in the Gulf of Bengal, due to northeast and southwest monsoons, make transshipment impossible for at least four months of the year.

The largest German bulk carrier company Oldendorff Carriers GmbH, which operates around 700 ships, said that its Lydia Oldendorff (207,562 tdw built 2015) has set a record as the largest vessel to load coal at Puerto Bolivar, Colombia.The Newcastlemax vessel has a length of 300 meters and a breadth of 50 meters and was loaded on a trial cargo draft of 17.5 meters. The cargo loaded is destined for Flushing, in the port of Antwerp in Belgium, where it will again be the largest vessel to enter the port.Oldendorff Carriers currently operates a fleet of about 65 modern eco-Newcastlemax (203-211,000 tdw) vessels. Oldendorff Newcastlemax vessels feature fuel saving devices such as…

German dry bulk shipping company Oldendorff group has revealed a series of 23 deals with Chinese leasing companies over the last year.None of these deals involve lease finance, said the company.The deals involve six capesizes, four kamsarmaxes and 13 ultramaxes and comprise a range of resales and both fixed and floating time charters. Ten of the vessels will have scrubbers fitted."The charters we provided are market related and mostly on a floating index rate basis. The 10 Capes and Kamsarmaxes will all be equipped with scrubbers, eight of them with open loop scrubbers and two of them with hybrid scrubbers," said a release from the company."In the meantime…

Any analysis of markets for offshore service vessels (OSV) usually begins with analogies to rough weather, best of times/worst of times or similar. OSV expert Seabrokers, with a home base in Stavanger, Norway, in the February edition of its Seabreeze market report follows this convention with a description of the “feast or famine” conditions in the North Sea. Recent day rate action highlights the localized nature of markets for anchor handlers (AHT), platform supply vessels (PSVs) and similar equipment…

In effort to upgrade the fleet, 2019 started with the delivery of five new eco-ships delivered to Oldendorff Carriers, four of which were delivered on the same day. In trying to reduce the environmental impact and these new (fuel-efficient) vessels will reduce fuel consumption for transporting cargo and consequently reduce the carbon footprint.M/V “Jan Oldendorff”, M/V “John Oldendorff”” and M/V “Julius Oldendorff”” were delivered from the building yard Nantong Cosco KHI Ship Engineering Co., Ltd in Nantong, PRC.

The dry bulk operator Oldendorff Carriers sold the three remaining self-unloaders still operating in the CSL Pool for US$100.5 million to Algoma Central Corporation.CSL International Pool is a partnership between Oldendorff Carriers, Marbulk Shipping Inc. and Algoma Shipping Inc.The vessels -Sophie Oldendorff (70,037 tdw built 2000), Harmen Oldendorff (66,188 tdw built 2005) & Alice Oldendorff (50,259 tdw built 2000) -  are expected to deliver to Algoma around the middle of 2019.All three vessels have been trading in the CSL Pool on the East Coast of North and South America since they were built. The CSL Pool consists of 18 self-unloading…

Choosing the ‘top stories of 2018’ was, this year, a difficult task. Many compelling story threads played out, dramatically impacting the North American waterfront, and in particular, the workboat sector – each in their own unique way. Read on to find out how and why.Autonomous Vessels: Ready or Not, Here They ComeFuturistic, remote-controlled autonomous marine vehicles aren’t coming. They are here. As the pace of change quickens, autonomous vessels are already providing service and value on the water. Out ahead of the rulemaking process, autonomous technology providers already churn out not just prototypes and designs, but also countless workboats, many already in service.

Dry bulk shipping firm Oldendorff Carriers said that the bulk carrier newbuilding MV “Christiane Oldendorff” (charter name “Midland Trader”) of 36,000 tdw will be delivered around the turn of the year. The ship is built at Samjin Shipbuilding Industries Co Ltd at Weihai, Shandong.The German company which ships and tranships over to 300 million tons of bulk cargo every year said in a note that  a sister ship, MV “Christopher Oldendorff” (charter name “Hansa Baltic”) is expected to start trading in April 2019."We originally ordered them in June 2012 at the then Korean controlled yard. In 2015, the Korean mother company got into trouble.

Will a rising tide in the offshore oil markets float all the boats? In the U.S. Gulf of Mexico, that remains to be seen.Offshore services, exploration and production are on a roll. In early October, yet another business combination of big drillers was announced. In a sign of optimism, Ensco announced its plan for an all-stock acquisition of Rowan Offshore, worth around $2.4 billion. The new company will be domiciled in the United Kingdom, but will have a large presence in Houston.

Following the path of oil prices, consolidation also follows myriad financial crises. What happens next isn’t altogether clear, but the long, deep trough for offshore energy may finally be in our choppy wake.In mid 2017, financial turnaround and financial repairs specialist Alix Partners made a bold statement regarding the beleaguered Offshore Service Vessel (OSV) marketplace. In a July 2017 report, following an analysis of 44 participants in the business, the restructuring team wrote: “The industry faces grave financial pressure…

Oldendorff Carriers said it has signed an integrated coal transport and transhipment agreement for a new power station project to be built in the North of Vietnam at Nghi Son. The customer is a consortium between Marubeni Corp of Japan and Korea Electric Power Corporation (Kepco) named Nghi Son 2 Power Limited Liability Company (NS2PC).The agreement is expected to include the transportation of about 100 million metric tons of coal over 25 years. Oldendorff Carriers signed the 25-year agreement with NS2PC…

Lubeck headquartered dry bulk shipping company Oldendorff Carriers said it plans to open an office in the maritime cluster in Hellerup, Denmark by June 2017. The new office just north of Copenhagen will be headed by Oldendorff Executive & Board Director Jens Jacobsen, who will lead a team initially consisting of eight to 10 people. The company intends to relocate a number of people to the new location but will also look to draw on the dry bulk shipping pool of talent in Scandinavia for further expansion.

Oldendorff Carriers has recently increased the number of owned bulk carriers in it Babycape segment by acquiring four more eco 119,000 tonners from compatriot shipowner Hartmann Reederei. The vessels are: MV UBC Ottawa   (tbrn: Roland Oldendorff), MV UBC Odessa  (tbrn: Rex Oldendorff), MV UBC Olimbus  (tbrn: Redmer Oldendorff) and MV UBC Oristano (tbrn: Rik Oldendorff). These ships were built for Hartmann at Sinopacific Shipbuilding in 2011. The acquisitions will increase our total operated Babycape fleet to around 36 units, of which 10 will be fully owned. Oldendorff Carriers  has been able to build a network of trades, which can take advantage of the large capacity that these vessels offer on any draft.

German shipping company Oldendorff Carriers has conducted a new transshipment operation of coal between two vessels, in the deep, protected water of the Andaman Islands within the Bay of Bengal, India. The Andaman Islands are an Indian archipelago in the Bay of Bengal. There are roughly 300 islands, which are known for their palm-lined, white-sand beaches, mangroves and tropical rainforests. However, it was the deep and protected water that attracted Oldendorff Carriers to the Andaman Islands. "Our geared panamax Trina Oldendorff (75,053 tdw built 2013) loaded 73,086 mt of coking coal from Gladstone, Australia and sailed to the Andaman Islands," a statement said.

Tidewater Inc. (NYSE: TDW) appointed John T. Rynd as the company's new President and CEO and a member of the Board of Directors effective March 5. He replaces Larry T. Rigdon who has served as interim President and Chief Executive Officer since October of 2017. Tom Bates, Chairman of the Board of Directors, said "After completing a comprehensive search, the Board is very pleased to welcome John to the team. He brings with him considerable experience in the offshore drilling services sector and the global oil and gas industry as a whole. Rynd previously served as Chief Executive Officer and President, and as a director of Hercules Offshore from 2008 through 2016.