Norway Wants to Build Floating Wind Farms
Norway's energy minister will meet with companies on Wednesday to discuss the potential construction of offshore floating wind farms, he told Reuters on Friday.The meeting is the first concrete step to spur development of offshore floating power generation, after the government said last December it would seek to accommodate such plans."Wednesday next week I will have a meeting with different stakeholders in offshore wind and discuss both the opening process and the regulatory framework…
Harris Pye to Refurbish Kishorn Port Dry Dock Gates
Harris Pye begins work today on refurbishing the historic dock gates at Kishorn Port, last opened nearly 25 years ago. This will be the first step in making them, and the Kishorn dry-dock, operational once more. The contract value is £340,000 and the work will be undertaken in a six week period. The hollow concrete gates were last opened nearly 25 years ago when the Skye Bridge caissons were constructed there in 1993. The dock was also where the Ninian Central production platform…
Refit for Jack-up at Damen Verolme Rotterdam
Damen Verolme Rotterdam (DVR) completed a refit project on the MPI Enterprise, a 120-metre, self-elevating, DP2, wind turbine installation vessel owned and operated by MPI Offshore, part of the Vroon Group. The works included the installation of spudcans on her four-legged jacking system, which can elevate the vessel at rate of one metre per minute in water depths up to 45 metres. Acquired by Damen Shipyards Group in June 2017, DVR is one of the largest refit and repair yards in Western Europe, capable of accommodating any seagoing vessel or floating offshore unit.
Yacht Industry to Reach $51bln by 2020
In 2014, the global yacht charter market was valued at USD 35 billion and is projected to reach USD 51 billion by 2020, growing at a CAGR of 6.5% during the forecast period, according to Market Report. Region wise, Eastern Europe is expected to see the largest growth of 7.2% annually with other regions growing at an average rate of 6.5%. The emerging markets including the Middle East and China are expected to continue growing consistently. The Middle East yacht market has been experiencing an approximate annual growth of 5-10%.
UK, Continental Ferries Carried 8.8 mln Cars in 2016
The number of cars taken by ferry has increased from 8.6 million in 2015 to nearly 8.8 million in 2016, a 1.7% increase. This is the fourth successive year of growth according to the annual results of the ferry industry. 2016 Ferrystat figures released today by Discover Ferries, the industry body for ferry operators, reports that growth for car travel by sea is up by 473,000 in the past four years; up from just 8.3 million car crossings by sea in 2012. Discover Ferries member ferry operators include Brittany Ferries…
Getting Offshore Fast: New Helicopter Market Forecast
Douglas-Westwood (DW) forecasts $24 billion in expenditure on offshore helicopter services between 2014 and 2018, a 57% increase in comparison to the preceding five-year period. Western Europe will continue to account for the largest share of global expenditure, driven by both the extensive North Sea infrastructure and the preference towards using large helicopters. Although Western Europe will continue to underpin the market over the forecast period, DW expect faster growth rates in Africa, Asia, Australasia and Latin America.
Amber Coast Logistics Challenge Cross-border Mindsets
The Amber Coast Logistics project brings together 19 project partners from Belarus, Denmark, Germany, Latvia, Lithuania and Poland, as well as another 25 associated partners. Founded with EU support, the project is designed to strengthen and exploit the existing potential of the transport and logistics sector in the southern and eastern Baltic Sea regions. 'Boundaries in the head are slower to disappear than frontiers between countries.' This was the realization of the recent mid-term event participants of the EU logistics project Amber Coast Logistics (ACL), held in Copenhagen, Denmark.
U.S. Petro Exports Continue to Grow
Total U.S. petroleum product exports continued to increase in 2015, up 467,000 barrels per day (b/d) from 2014 to 4.3 million b/d, driven by increased exports of distillate fuel, motor gasoline, and propane, according to data from the U.S. Energy Information Administration (EIA). Mexico and the region encompassing both Central and South America continued to be major recipients of U.S. petroleum product exports, as exports to the latter region increased in 2015 because of supply constraints that are likely to ease. Exports of distillate fuel oil represent the largest component of U.S. petroleum product exports, and averaged 1.19 million b/d in 2015, an increase of 85,000 b/d from 2014. The United States exported distillate fuel to 88 different countries in 2015. The top destination for U.S.
MSC Announces New Service
Mediterranean Shipping Company (MSC)announced that the company now offers new direct service to West Mediterranean ports in addition to its existing North Atlantic Service. This service is being operated using five 1200 TEU capacity vessels on a weekly basis. Valencia, Naples, La Spezia and returning to Boston. moving to and from Western Europe," said Nicola Arena, president of MSC (USA) Inc. Gulf to North Europe; plus their Atlantic service to the Western Mediterranean out of Charleston. Mediterranean areas (via Relay Service) can be accommodated. available between U.S. Mexico and the Caribbean. While the company's North Atlantic to Europe vessels will not stop in Freeport…
AIDAperla Delivered to AIDA Cruises
AIDA Cruises has taken delivery of the 12th vessel of its fleet, AIDAperla, from Japanese shipbuilder Mitshubishi Heavy Industries (MHI). The vessel was commissioned April 27 at a ceremony in Nagasaki, Japan in the presence of Michael Thamm, CEO Costa Group; Felix Eichhorn, President AIDA Cruises; Shunichi Miyanaga, President and CEO MHI; and Kazuaki Kimura, President and CEO, Industry & Infrastructure MHI. In the coming days AIDAperla will set sail for the Mediterranean where the vessel will be christened by model and presenter Lena Gercke on June 30, 2017, in Palma de Mallorca.
Thordon Appoints Western Europe Sales Manager
Sixteen –year veteran, George Morrison has been appointed the Area Sales Manager for Western Europe replacing retiring Campbell Cunningham. According to Thordon’s Commercial Director, Jan Willem de Jong, George’s experience and energy will be a catalyst for maintaining our strong growth in Western Europe. “George is the perfect leader to develop our existing and new products with our strong distribution network”, said de Jong. “He brings a wealth of bearing and seals experience combined with sales…
U.S. Coal Exports Soar, Revived in Part by New Energy Policy
U.S. coal exports have jumped more than 60 percent this year due to soaring demand from Europe and Asia, according to a Reuters review of government data, allowing President Donald Trump's administration to claim that efforts to revive the battered industry are working. The increased shipments came as the European Union and other U.S. allies heaped criticism on the Trump administration for its rejection of the Paris Climate Accord, a deal agreed by nearly 200 countries to cut carbon emissions from the burning of fossil fuels like coal.
Severe Weather Expected to Delay Voyages in Western Europe
A very intense low is moving northeastwards over British Isles on October 28 and causing severe weather conditions in the area between Cape Finisterre and Ireland. Expect Storm (perhaps Violent Storm) and sign sea 7-10 meters, maximum wave height around 15 meters October 27-28. In English Channel and in North Sea also risk Storm and high sea. Be prepared for some delayed voyages in western European waters
VSTEP Delives Crane Simulator in Rotterdam
VSTEP delivers crane simulator for EMO, the largest transshipment terminal for coal and iron ore in Western Europe. For EMO, the largest transshipment terminal for coal and iron ore in Western Europe, VSTEP created a crane simulator for preparation and training of their future and current EMO dry bulk crane operators, increasing their effectiveness and precision. EMO is one of the leading companies in the dry bulk market. Modern and multifunctional, the EMO terminal is strategically located at the Maasvlakte in Rotterdam.
Global Logistics to Reach $12 Trillion by 2025
The global logistics industry is expected to reach $12 trillion in value by 2025, recording a 6 percent CAGR over the period, says a research report. According to Wiseguyreports, 2015 was a difficult year for global logistics companies. However, accelerating Asia Pacific economies and recovering manufacturing in Western Europe are expected to have a positive effect on global logistics, which started to recover in 2016 and is expected to continue solid growth in the next 10 years.
Norway's Arctic Oil Plan Violates Constitution, Lawsuit Says
Norway's plan for Arctic oil exploration is unconstitutional because it violates the right to a healthy environment, a lawyer for Greenpeace and the Nature and Youth environmental group told an Oslo court on Tuesday. The case is the first of its kind in Norway and says a 2015 oil licensing round in the Arctic that gave awards to Statoil , Chevron and others violates the constitution. Norway signed the 2016 Paris accord, which aims to end the fossil fuel era this century. The country is Western Europe's largest oil producer and oil and gas are its most important exports.
Classification Steps Up to the Digital Challenge: DNV GL
The maritime world is in the middle of a period of rapid change, with increasing digitalization, new regulations and shifting markets. Classification societies can help to remove barriers, speed up the process, and assist stakeholders make the most of the new landscape, IACS Chairman Knut Ørbeck-Nilssen said at DNV GL’s press conference at Marintec China today. “One of the major contributions of class in current times of transformation is to bring familiar assurance processes to new and unfamiliar technologies…
Norway: We Must Prepare for Arctic Oil Race with Russia
Norway must identify potential offshore oil and gas reserves near its northern maritime border with Russia to better protect its economic interest in the remote Arctic region, energy minister Terje Soeviknes said on Wednesday. The two countries agreed in 2010 to split previously disputed areas of the Barents Sea between them, allowing each to exploit resources hidden beneath the seabed. An increase in drilling activity on the Russian side of the border should lead Norway to push its own agenda, the minister said. "We need to start the discussion about what to do in the far north.
RBS Says Starts Winding Down Shipping Business
The Royal Bank of Scotland has begun winding down its global shipping finance business, it said on Tuesday, ending efforts to sell it amid a worsening downturn across the freight industry. Chief Executive Ross McEwan is battling to complete a restructuring, which includes asset sales and thousands of job cuts, amid a low-interest rate environment that makes finding profitable new business tough. "In line with the bank's strategy to create a simpler, stronger, and more sustainable bank, better aligned to the needs of our customers in the UK and Western Europe, we are commencing the wind down of our shipping business," an RBS spokesperson said.
KOTUG SMIT TOWAGE Opens Head Office
The new head office of KOTUG SMIT TOWAGE was opened September 23 in Rotterdam by mayor Ahmed Aboutaleb. KOTUG SMIT TOWAGE was founded on April 7, 2016 following the merger of the European harbor towage services of KOTUG and SMIT. After the start, more business units were physically combined and accommodated in the Las Palmas office building in Rotterdam. “We are delighted that KOTUG SMIT TOWAGE has chosen Rotterdam as its base,” said mayor Aboutaleb. “With its rich maritime history…
Asian Crude Demand Pushes Charter Rates
Robust Asian demand for West African crude is fueling a worldwide surge in shipping rates for the largest oil tankers that is being felt from Houston to Singapore. Chartering rates for Suezmaxes and very large crude carriers (VLCCs) have recovered rapidly in recent weeks after plunging to their lowest in more than year this summer. The spike in rates comes as Asian refiners return to the market after a seasonal turnaround period, and as several key streams of West African crude are finally loading for export after supplies were constrained because of pipeline disruptions in Nigeria.
CMA CGM Plans Multi-Temperature Logistics Facility at DP World
CMA CGM, a world leader in maritime transport, is to take a long-term lease and invest in a build-to-suit, multi-temperature warehouse facility at DP World London Gateway Logistics Park. The CMA CGM Group will occupy, through its international freight forwarding and logistics solutions subsidiary, a one hectare cold store facility within a 2.4 hectare logistics plot development on the River Thames and located close to main road access into the London area. This state-of-the-art facility…
SNAME Honors Thordon's Sandy Thomson
At the opening session of the 2016 SNAME Maritime Convention in Bellevue, Washington, George A. (Sandy) Thomson was elected a Fellow of the Society of Naval Architects and Marine Engineers (SNAME). This is quite an honor for Thomson who has a long family history in the maritime industry. Thomson’s great, great grandfather was a deep sea captain sailing the Great Lakes before becoming a lighthouse keeper; his uncle was head of Shell Canada when Shell maintained a fleet of steam powered tankers operating on the Great Lakes…