Maritime Industry Top News
Valaris Takes Delivery of Two New Drillships
Offshore drilling company Valaris has taken delivery of newbuild drillships VALARIS DS-13 and DS-14 for an aggregate purchase price of approximately $337 million.VALARIS DS-13 and DS-14 will be mobilized from South Korea to Las Palmas in Spain, where the rigs will be stacked until they are contracted for work.The purchase of the rigs is expected to increase the company’s fourth quarter 2023 capital expenditures by approximately $355 million…
DOF Secures Multiple Subsea Service Contracts in Asia Pacific
Offshore vessel operator DOF Group has secured three subsea service contracts, valued over $36 million, from Australian-based operators.The contracts will employ construction support vessel (CSV) Skandi Hercules, adding approximately six months of utilization in 2024 and into the first quarter 2025.The contracted scope includes the team’s inhouse capability to deliver project management and engineering, logistics support and execution of various remediation activities, pre-commissioning and comm
Wilhelmsen, MPC Capital Acquire Zeaborn
Wilhelmsen Ship Management and MPC Capital jointly acquire 100 % of Zeaborn Ship ManagementWilhelmsen Ship Management (Wilhelmsen) and MPC Capital have agreed to acquire 100% of the company Zeaborn Ship Management, which the acquiring companis position as the next milestone in the partnership between MPC Capital and Wilhelmsen and their ship management joint venture Wilhelmsen Ahrenkiel Ship Management and tanker specialist Barber Ship Management.Zeaborn manages a fleet of around 100 vessels…
Will 2024 be the Year of AHTS Recovery?
As 2023 is drawing to a close we would once again invite the readers of Offshore Engineer Magazine to gaze into our crystal ball to see what 2024 might have in store for the offshore support vessel industry. Before diving straight into our forward-looking sentiments however, it is important to address some of the main trends in the year that past as these lay the foundation for the year to come.Continuing the market development from the year before…
As Shipping Preps to Meet Carbon Targets, Will fuels be Available?
“The International Maritime Organization’s (IMO) targets for the use of zero or near-zero fuels in 2030 can be met using sustainable biofuels. Many different sectors will compete for those fuels, so shipping is focusing on transitioning to alternative green and blue fuels. Today, only 1% of bulk, container, and tanker ships are prepared for using these fuels and fuel availability is low,” says Niels Rasmussen…
Fugro to Convert Two More PSVs to Geotechnical Vessels
Dutch offshore survey firm Fugro has reached an agreement to acquire two platform supply vessels (PSVs), Sea Goldcrest and Sea Gull, which will be converted to geotechnical vessels to address the needs of growing offshore wind sector.The addition of the Sea Goldcrest and Sea Gull, built in 2019 and 2020 respectively, to its owned fleet will further strengthen Fugro’s ability to address the market demands and shortage in geotechnical capable vessels…
Fincantieri Lands $250M Order from Prysmian for New Cable-Laying Vessel
Vard, a Norwegian subsidiary of the Fincantieri Group, has signed a contract for the design and construction of a cable-laying vessel for Prysmian Group valued at $250 million.This is the third cable-laying vessel Vard is building for Prysmian Group after vessels Monna Lisa, currently under construction, and Leonardo da Vinci, which was delivered in 2021.According to the companies, the new unit will…
Shipping Industry in the Dark Over US-led Red Sea Navy Force
Shipping companies remain in the dark over a new international navy coalition being assembled by the United States to combat attacks in the Red Sea, with many vessels continuing to avoid the area or cancelling contracts, sources said on Wednesday.The sources, who include shipping and maritime security officials, say few practical details are known about the initiative launched on Tuesday by Washington…
WinGD Adds Mitsui E&S Tamano Factory to Engine Building Network
WinGD has concluded an agreement with Mitsui E&S Diesel United (MESDU), part of the Mitsui Engineering & Shipbuilding group, that will see WinGD engines being built at its main Tamano works for the first time.The agreement adds considerable engine building capacity and enables WinGD to meet growing demand in a leading shipbuilding market with a reputation for delivering sophisticated, high-quality vessels.WinGD engines have previously been built only at the company’s Aioi Factory…
Provaris Signs Compressed Hydrogen MoU with Uniper
Provaris Energy has signed a non-binding Memorandum of Understanding (MoU) with Uniper Global Commodities, an international energy company that operates approximately 22.5 GW of generation capacity in Europe.The companies will work together to qualify the technical, operational, and economic benefits of Provaris’ H2Neo compressed hydrogen carriers and compressed hydrogen supply chain.The supply of…
Scandlines Orders Onshore Charging System for Puttgarden
Scandlines has contracted Norwegian Electric Systems (NES) to deliver an onshore charging system to the ferry operator’s berth in Puttgarden, Germany.NES will deliver the system and connect the equipment to the power grid of the regional grid operator, Schleswig-Holstein Netz. The required components onshore include a 30MVA grid transformer, medium and low voltage transformers, and switchboards, in addition to control system and data collection system.
Asia Break Bulk and CSL Shipping Partner on Vessel Operation
COLI Group’s subsidiary Asia Break Bulk (Singapore) has entered a strategic partnership with CSL Shipping (China) to market CSL’s multi-purpose carrier Jian Yang Hua Qing.The vessel has 2 x 250mt cranes for loading breakbulk, heavy lift and project cargo and is already active for both companies.Felix Peinemann, Managing Director of the COLI Group, said the partnership will expand our footprint in the multi-purpose (MPP) market.
Jolly Rosa Enters the Messina Fleet
Genoese group Ignazio Messina & Co.has been taken delivery of the container vessel Jolly Rosa. Flying the Italian flag and enrolled in the International Registry at the Genoa Port Authority, the ship measures 260 x 32m with a gross tonnage of 42,112 tonnes and a transport capacity of 4387 TEU containers, 360 of which are reefer. Under the command of Captain Simone Galli with a crew of 23 people, 13 of whom are Italian…
US Gulf of Mexico oil Auction is Largest Since 2015
A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to be the last time until 2025.The auction total was the highest of any federal offshore oil and gas lease sale since 2015, according to a Reuters tally.Shell, Hess, Anadarko, BP, Chevron, Repsol and Equinor were among the 26 companies that participated…
Russia Oil Price Cap Coalition Toughens Shipping Rules
The U.S.-led coalition imposing a price cap on seaborne Russian oil announced changes on Wednesday to its compliance regime the Treasury Department said will make it harder for Russian exporters to bypass the cap.The Treasury also imposed fresh sanctions on a ship manager owned by the Russian government and three oil traders involved in Russian oil trade.The Group of Seven (G7) industrialized countries…
CSL and Adbri to Build Fully Electric Battery Capable Self-unloading Ship
Canadian shipping company CSL announced it is partnering with Adelaide Brighton Cement Ltd. (Adbri) to build and operate the world’s first fully electric battery capable self-unloading vessel.Under a 20-year strategic partnership agreement, the custom-designed ship will replace Adbri’s Accolade II and will support the company’s limestone operations in South Australia with a focus on enhanced efficiency and environmental responsibility.
$73.77 Million Grant a Boost for Port NOLA & Inland Waterway Shipping
The Port of New Orleans (Port NOLA) will receive $73.77 million from the federal government to assist in building the Louisiana International Terminal (LIT) project, which will provide a gateway for cargo movement on U.S. inland waterways including the Mississippi River.The U.S. Department of Transportation has alerted Congress that it intends to award this funding through its MEGA Grant Program, which…
Houthi Leader Threatens to Attack US Warships
The leader of Yemen's Houthis warned on Wednesday they would strike U.S. warships if the Iranian-backed militia was targeted by Washington, which this week set up a multinational force to counter Houthi attacks on commercial vessels in the Red Sea.The Houthis, which control vast amounts of territory in Yemen after years of war, have since last month fired drones and missiles at international vessels sailing through the Red Sea…
Stolt Tankers is First to Apply Graphene Hull Coating Technology
Stolt Tankers reports it is the first shipping company in the world to apply a cutting-edge sustainable coating to the hull of one of its vessels.The X-GIT FUEL graphene technology, developed by Graphite Innovation & Technologies (GIT) Coatings, has the potential to reduce fuel consumption and resulting greenhouse gas emissions.X-GIT FUEL is a hard foul release hull coating that creates an ultra-low friction surface to increase vessel performance…
China’s First Domestically Built Cruise Ship Delivered
The first large cruise ship ever to be built in China has been delivered, potentially leading the way for a new market player to rise within the global cruise shipbuilding industry.The 5,246-passenger Adora Magic City, built by China State Shipbuilding Corporation’s (CSSC) Shanghai Waigaoqiao Shipbuilding (SWS) based on Fincantieri' Vista-class design, will commence its maiden voyage from Shanghai in January 2024…
