Maritime Industry Top News
Jiasheng Gas to Build $380M LNG Terminal in Jiangsu, China
China's Jiasheng Gas Co Ltd, an independent gas distributor, has agreed an engineering and construction deal to build a 2.5 billion yuan ($380 million) liquefied natural gas (LNG) storage and receiving facility in east China, the Shanghai Oil and Gas Exchange and a company executive said.The little-known firm is among a group of companies outside the dominant state oil and gas giants that are expected to lead new investment in LNG import terminals over the next decade as China opens up the secto
VIDEO: Gazprom Neft's New LNG-Bunkering Vessel Hits the Water
Russia’s first cargo and passenger ship-to-ship LNG-bunkering vessel has been set afloat, Gazprom Neft has informed.“Ship-to-ship” bunkering involves ships being refueled directly from the deck of a specialist bunkering vessel. This technology means bunkering can be undertaken when ships are moored or docked at a pier.The company said Wednesday that the shipyard specialists had completed the main stage in the vessel’s construction…
Wison's FLNG Designs Get ABS AiP
Wison Offshore and Marine's standardized 1.3MTPA and 3.0MTPA floating liquefied natural gas (FLNG) designs have received Approval in Principle from the American Bureau of Shipping (ABS).ABS Vice President, Global Gas Solutions, Patrick Janssens said： “ABS has been the preferred classification organization for the offshore and energy industry for more than 60 years. With increasing global concern for the environment, clean gas-based energy plays an integral role within that framework.
Great Lakes Group: Venerable & Versatile
“…We have built our reputation job by job, boat by boat, and tow by tow, and we intend to continue to do so.”The Great Lakes Towing Company (GLT) and the Great Lakes Shipyard are core businesses within The Great Lakes Group of Companies, based in Cleveland, on the Old River, a shipping channel that runs west from where the Cuyahoga River meets Lake Erie. Company towing operations extend from Buffalo, N.Y. in the east to Duluth, Minn. in the west.
Esvagt SOV Rescues Injured Fishermen in the North Sea
Last Tuesday, the crew of the service operations vessel (SOV) Esvagt Njord helped save seven fishermen in distress near the Dudgeon Offshore Wind Farm in the U.K. North Sea.Esvagt Njord is a wind turbine ship assisting Equinor in the operation of the offshore wind farm off Great Yarmouth on the English east coast. Over the radio, skipper Brian Kristiansen heard a fishing vessel nearby calling for help, and when he responded, he learned that the ship was taking in water.
Bollinger Delivers USCGC Robert Goldman
Bollinger Shipyards has delivered the USCGC Robert Goldman to the U.S. Coast Guard in Key West, Fla. This is the 165th vessel Bollinger has delivered to the U.S. Coast Guard over a 35-year period and the 42nd Fast Response Cutter (FRC) delivered under the current program.The USCGC Robert Goldman is the second of six FRCs to be home-ported in Manama, Bahrain, which will replace the aging 110-foot Island Class Patrol Boats…
Wasted Words: Post-casualty Apologies Are ‘Sorry’ Excuses
Vessel collisions on America’s busy inland waterways have been a fact of life for a very long time. With towboats, barges, ferries, oceangoing ships and recreational vessels all jockeying for position in limited space, collisions (and even more near misses) are inevitable.Most of these incidents involving professional mariners do not lead to suspension and revocation (S&R) proceedings against the involved USCG licensed mariners…
Elbit Systems to Buy Sparton for $380 Million
Israel-based international defense electronics company Elbit Systems has signed an agreement to buy maritime defense contractor Sparton for $380 million. Elbit said Wednesday that its U.S. subsidiary Elbit Systems of America had signed a definitive agreement with an affiliate of Cerberus Capital Management, L.P. for the acquisition of Sparton. Sparton Parent, Inc.—formerly known as Striker Parent 2018—an affiliate of Cerberus Capital Management, L.P.
Iraq to Sign $2.625 Bln Port Contract with S.Korea's Daewoo
Iraq's government has agreed to sign a $2.625 billion contract with South Korea's Daewoo Engineering & Construction to build the first phase of a giant cargo port in the south of the country, a port manager said on Wednesday.The long-planned and repeatedly delayed Grand Faw port is one of several projects that Iraq hopes will create a shorter transportation corridor between the Middle East and Europe, bypassing the Suez Canal.Under the contract, expected to be signed on Sunday, Daewoo E&C will h
Damen Ships Multiple Vessels to Canada in Single Shipment
Five Damen vessels have made their way across the Atlantic Ocean on a unique voyage to Canada. Early this year, Damen Shipyards Group signed a contract with Ontario-based Doornekamp Construction for the delivery of a Shoalbuster 3209. The vessel was formerly part of Damen Marine Services’ charter fleet. What seemed an ordinary ship sale contract was, in fact, just the beginning.Shortly after this initial contract…
Global Cargo Logjam Deepens
Amazon seller Bernie Thompson shifted half of his production out of China to reduce his business risks and still found himself in the crosshairs of logistical chaos besetting the movement of goods around the globe.A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows.That has stranded empty cargo containers in the wrong places…
DP World to Build $1.1B Deep-water Port in Senegal
Global port operator DP World has signed agreements with the government of Senegal to develop a deep-water port at Ndayane worth a total of $1.127 billion, its biggest investment in Africa to date, the company said on Wednesday.DP World Dakar, a joint venture between the Dubai-based logistics provider and the Port Authority of Dakar (PAD), will finance, design and develop land and maritime infrastructure for the new 600-hectare (1483 acres) port about 50 km from the existing port.The agreement t
Hapag-Lloyd Orders Six Ultra-large Container Vessels
German container liner Hapag-Lloyd has ordered six ultra-large container vessels from the Korean shipbuilder Daewoo Shipbuilding & Marine Engineering.DSME will build the 23,500+ TEU vessels and deliver them to Hapag-Lloyd between April and December 2023. The shipowner said Wednesday the investment would be around $1 billion and that the respective financing had already been secured.The vessels will be fitted with a fuel-efficient high-pressure dual-fuel engine…
Huisman Crane for First Jones Act Wind Turbine Installation Vessel
Dutch offshore equipment provider Huisman has signed a contract with Keppel AmFELS for the delivery of a Leg Encircling Crane (LEC) for what will be the first Jones Act-compliant wind turbine installation vessel - Dominion Energy’s Charybdis.As reported recently, Dominion Energy contracted with Keppel AmFELS, a U.S. subsidiary of Singapore's Keppel for the engineering, procurement, and construction of the vessel, which is designed by NOV business unit GustoMSC.
European Commission to Co-Finance Port of Algeciras LNG-Bunkering Vessel
The European Commission will co-finance the construction of the first vessel to be fully dedicated to liquefied natural gas (LNG) bunkering at the Port of Algeciras, Spain.The grant agreement was signed with Enagás and the Port Authority of Algeciras Bay on Tuesday.Enagás said the project is "boosted" by the Enagás start-up that specializes in small-scale LNG supply infrastructure, Scale Gas, and the Port Authority of Algeciras Bay (APBA).The initiative…
SBM Offshore, Shell Extend Brazil FPSO Term. SBM in Talks with Exxon Over Guyana Extensions
Oil giant Shell has extended the contract for the lease of SBM Offshore's Espirito Santo FPSO in Brazil. SBM Offshore is also in talks with ExxonMobil to extend the FPSO terms in Guyana.The Dutch FPSO operator said Wednesday that the lease and operation contracts with Shell of the FPSO Espirito Santo would be extended for five years.This means that the end of the contractual lease and operation period…
Nord Stream 2 to Start Laying Gas Pipes in Danish Waters
The Russia-led Nord Stream 2 consortium is expected to start laying gas pipes in Danish waters after construction was suspended for a year owing to the threat of sanctions from the United States…
Carnival's New Cruise Ship Bunkers LNG in Rotterdam
Carnival Cruise Line’s new cruise ship Mardi Gras made its first port call Tuesday in Rotterdam, The Netherlands, where the ship will refuel its liquefied natural gas (LNG) propulsion system for the first time after delivery.Mardi Gras, set to begin sailing from Port Canaveral, Fla., next year, will be the first cruise ship in the Americas to be powered by LNG.In its liquefied state, LNG is odorless, colorless, more environmentally friendly and less expensive than other fuels.
WRDA 2020: A Historic Win for Inland Waterways -WCI
On December 21, as part of an Omnibus Appropriations and COVID-19 relief funding package, the U.S. House of Representatives passed (359 yeas to 53 nays), and later the U.S. Senate passed (92 to 6) the Water Resources Development Act (WRDA) of 2020. Waterways Council, Inc. (WCI) called it a historic win for the inland waterways.The package included WCI’s top priority to adjust the cost-share for construction…
Company in Focus: ShipMoney Helps to Enable Efficient Seafarer Pay
Stuart Ostrow developed ShipMoney as a means to make the process of paying crew more efficient and cost-effective for both vessel owner/operators and the crew. Little did he realize then that his company would be instrumental in helping seafarers during their greatest time of crisis.Stuart, to start, how did you come create ShipMoney and get into a career in the maritime business?I'm the definition of an accidental salesman.
