Maritime Industry Top News
Mammoet Lands its ‘Biggest Ever’ Contract at Arctic LNG 2 Project
Dutch heavy lift and transportation company Mammoet has said it has won its largest-ever contract at the Arctic LNG 2 project in Russia.Mammoet said Monday the contract was awarded by Technip-led joint venture NovArctic in cooperation with Saipem and NIPIgas. Under the contract, Mammoet will be responsible for unloading, transportation, and installation for the Novatek-operated Arctic LNG 2 project.The $21.3 billion Arctic LNG 2 project…
Iranian Fuel Tanker Moors at Venezuela's El Palito Refinery
The first of five Iranian tankers carrying fuel to Venezuela has moored at Venezuela's El Palito refinery, Iran's English-language Press TV reported on Monday.Iran is…
Japan's NYK Line Sees COVID-19 Cutting Profit by $557M
Japanese shipping company Nippon Yusen KK expects the coronavirus pandemic to reduce its recurring profit by 50-60 billion yen ($464 million-$557 million) for the year to next March, an executive said on Monday."Our assumption is that the worst impact from the pandemic will be seen in the April-June quarter, with economic activity slowly picking up after that," Toru Maruyama, a corporate officer at Nippon Yusen…
Iran Fuel Shipment Nears Venezuelan Shores, Maduro Thanks Tehran
The lead vessel of a five-tanker flotilla carrying fuel supplied by Iran to gasoline-thirsty Venezuela neared one of state-run PDVSA's ports as President Nicolas…
Fugro Gets $17.3M from Huawei Marine Networks Deal
Dutch offshore services provider Fugro has said it has received $17.3 million from the sale by Global Marine Group of a 30% stake in Huawei Marine Networks (HMN) to Hengtong Optic-Electric Co Ltd. The proceeds are in addition to EUR 34.0 million which Fugro received in the first quarter of 2020 from the divestment of its 23.6% stake in Global Marine Group, which was bought a J.F. Lehman & Company affiliate…
Prysmian Targets Half of Sales from Low-Carbon Products by 2022
Prysmian, the world's largest cable maker, pledged on Friday to raise the share of revenues from low carbon products to 50% by 2022 as part of plans to cut its carbon footprint.The Italian company, which supplies cables for industries ranging from high voltage power transmission to offshore wind-farms, telecoms and cars, said in a statement it aimed to cut carbon emissions by 2-3% by 2022.It said it also aims to reduce energy consumption by 3% in the time period."The energy transition is our cor
President Trump Issues National Maritime Day Proclamation
In recognition of National Maritime Day, held on May 22 each year, President Donald Trump issued a proclamation honoring the U.S. maritime industry. The full text is below.Since the founding of our great Nation, we have relied on merchant mariners to deliver goods to market and strengthen our national security. On National Maritime Day, we recognize the United States Merchant Marine for all it does…
Japanese Partners Join Asahi's Electric Vessel Project
A group of Japanese partner companies have signed onto a project initiated by Asahi Tanker Co., Ltd. to build the world's first zero-emission, fully electric-propulsion bunker supply vessel.The so-called e5 Consortium, including Asahi Tanker Co., Ltd., Idemitsu Kosan Co., Ltd., Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Ltd., Tokio Marine & Nichido Fire Insurance Co., Ltd., Tokyo Electric Power Company…
USS Theodore Roosevelt Returns to Sea Following COVID-19 Outbreak
U.S. Navy aircraft carrier USS Theodore Roosevelt (CVN 71) is underway for the first time since being sidelined by an onboard coronavirus outbreak that infected hundreds of sailors and led to the firing of the ship's commander.Theodore Roosevelt was in the Asia-Pacific region when a number of its sailors began falling ill with COVID-19, forcing the aircraft carrier to eventually dock in Guam on March 27.
Esvagt CEO: No Job Cuts and Furloughs
At these difficult times when companies involved in the offshore industry are cutting jobs across the board as one of the ways to preserve cash, there's one offshore vessel operator that, while indeed cutting salaries, is keeping the jobs in place.Esvagt, the Danish provider of emergency response and rescue vessels (ERRV) and service operation vessels (SOV) to the offshore energy industry, mostly in the North Sea…
South Korea's DSME Wins $330M FSRU Order
South Korean shipbuilder Daewoo Shipbuilding Marine and Engineering (DSME) has received an order for a large liquefied natural gas (LNG) floating storage regasification…
Nauti-Craft, ST Engineering Working on Offshore Wind CTV
Australia's Nauti-Craft and Singapore's ST Engineering Marine Ltd, the marine arm of Singapore headquarters ST Engineering, have signed a letter of intent to explore options of collaborating on crew transfer vessels (CTV) for the offshore wind industry.The project would look at ways to incorporate the Nauti-Craft patented marine suspension system which separates the vessel's hull from the deck and…
AWO Elects Crowley's Mead as Chairman
Arthur F. Mead, Vice President and Chief Counsel at Crowley Maritime Corporation, has been elected Chairman of the American Waterways Operators (AWO), succeeding outgoing Chairman Scott Merritt, former Chief Operating Officer with Foss Maritime Company, LLC.Members of the national tugboat, towboat and barge industry association elected a new slate of leaders this week during the association's Spring Board of Directors / Annual Membership Meeting…
Australian Navy Commissions Destroyer HMAS Sydney
The Royal Australian Navy welcomed its newest Air Warfare Destroyer, HMAS Sydney, into the fleet in the first commissioning of an Australian warship at sea since World War II.Commissioned during a ceremony off the coast of New South Wales on Monday, Sydney is the last of three Hobart Class vessels built for Navy at Osborne in South Australia and is based on the Navantia F100 frigate design.The 147-meter-long guided missile destroyer is equipped with advanced combat systems…
Forecasters Expect Busy 2020 Atlantic Hurricane Season
U.S. forecasters expect an above-normal 13-19 named storms during the 2020 Atlantic hurricane season from June 1 through November 30, the National Oceanic and Atmospheric Administration's (NOAA) Climate Prediction Center said on Thursday.NOAA forecasters estimate three to six major hurricanes packing winds of at least 111 miles per hour may form. The last two years have seen an above-average number of named storms with 18 last year and 15 in 2018.
Detyens Wins $24 Mln Ship Repair Contract
Charleston, S.C. repair yard Detyens Shipyards has been awarded a $24,235,291 firm-fixed-price contract for a 120-calendar day shipyard availability for the regular overhaul dry-docking of the U.S. Navy oiler USNS Patuxent (T-AO 201). Work is expected to be complete by October 2020.The contract includes options which, if exercised, would bring the total contract value to $27,416,444. The Military Sealift…
Video: NYK Trials Remote Tug Operations
Several companies within Japan's NYK Group have partnered to test the remote navigation of a tugboat in Tokyo Bay.The tugboat, operated by NYK's Shin-Nippon Kaiyosha Corporation, was equipped with a manned remotely controlled system and put to the test by NYK and its group companies MTI Co. Ltd., Keihin Dock Co. Ltd., and Japan Marine Science Inc. (JMS).During the trials, the tug was operated remotely from an operation center in the city of Nishinomiya, approximately 400 kilometers away.
ABS Launches Guide for Wind-assisted Propulsion Systems
ABS has published the ABS Guide to Wind-assisted Propulsion System Installation, providing class safety standards when installing wind-assisted systems.The classification society said its new guide is applicable to both Flettner rotors and wing sails, including both rigid and soft sails. These wind-assisted propulsion technologies have been gaining attention as operators seek new ways to reduce fuel costs as well as their environmental footprint.“Wind-assisted propulsion systems…
Bahri Puts LNG Tanker Plan on Hold
Saudi Aramco’s shipping division Bahri has put on hold plans to charter up to 12 liquefied natural gas (LNG) tankers after Sempra Energy delayed its decision on whether to proceed with an LNG export project in Texas, two sources said.Bahri issued an expression of interest (EOI) last year to charter the vessels from 2025 in Saudi Aramco’s first foray into LNG as part of the state oil giant’s plan to become a major global player in the gas market.In May last year, Aramco signed a 20-year agreement
Hyundai Heavy Bags Double VLCC Order
South Korea's shipbuilding giant Hyundai Heavy Industries has secured an order to build two very large crude carriers for unnamed European shipowners.The value of the orders for two 300,000-ton VLCCs, which will be equipped with scrubbers to meet IMO emission regulations, is 200 billion South Korean Won ($162.5 million).The VLCCs will be 330 meters long, 60 meters wide, and 29.7 meters high. Hyundai Heavy…
