Maritime Industry Top News
Navy Veteran Joins MITAGS as Director
The Maritime Institute of Technology and Graduate Studies (MITAGS) said Friday that Mark Heward had joined as Director of MITAGS.Heward came aboard with MITAGS in October 2022, after retiring from a 22-year active service career in the Royal Navy.Eric Friend, MITAGS Executive Director, said: "We are thrilled to welcome Heward Heward aboard as the Director of MITAGS. Mark’s underway time, leadership…
Deepening Turkey Tanker Logjam Snarls Russia Oil Sanctions
Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the…
Shell's 34,000t North Sea-bound Penguins FPSO Leaves Chinese Shipyard
Shell's Penguins FPSO has set sail from China loaded aboard Boskalis' White Marlin semi-submersible heavy transportation vessel.In a social media post on Thursday, Boskalis said: "Boskalis’ semi-submersible transport vessel White Marlin departed from Qingdao, China with an impressive cargo; the 34,000-ton cylinder-shaped Shell Penguins FPSO. After a smooth and safe float-on and [seafastening] campaign…
ICEYE to Deliver SAR Imagery to EMSA
ICEYE announced the start of a multi-year framework contract with the European Maritime Safety Agency (EMSA) to support their efforts in managing various aspects of maritime operations with Synthetic Aperture Radar (SAR) data.Among its many missions, EMSA, a European Union agency, provides technical expertise and operational assistance in reducing the risk of maritime accidents and assisting in response and recovery from marine pollution from ships and oil installations.
In a First, Scottish Port Set to Offer Shore Power for Offshore Vessels
Montrose Port Authority says the port is set to become the first Scottish port to provide shore power infrastructure to the energy sector.To enable shore power to offshore energy industry vessels, the port has partnered with with Plug Shore Power Ltd in a 50/50 joint venture. The partnership will see an initial investment of £1 million into the joint venture which will be named Plug Montrose Ltd."Global shipping accounted for 833 million tonnes of CO2 in 2021.
Westwood: Record Levels of FPS Throughput Capacity to be Sanctioned in 2022
As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3.8 bcfd of gas) of FPS throughput capacity sanctioned year to date (YTD). This represents a 7% increase on 2021, with Westwood anticipating an additional 180 kboepd of FPS throughput capacity to be sanctioned before the end of the year.
Ocean Freight Spot Rates Out of Far East Plummet - Xeneta
The ocean freight rate landscape in the Far East has been completely redrawn since the start of the year, with spot rates plummeting by an average of 75% across the six major trading lanes, Xeneta said in its latest report.By comparison, long-term rates are proving more resilient, with a fall of ‘just’ 13%, the ocean and air freight rate benchmarking and market analytics platform said Friday. Role reversalThe latest analysis from Oslo-based Xeneta highlights a market in flux.
Oil Price Cap Not to Blame for Turkey Tanker Queues, EU says
The Group of Seven countries' price cap on Russian oil is not responsible for a queue of tankers waiting in the Black Sea to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean, the European Commission said. The number of vessels queuing in the Black Sea increased on Friday to 20, according to the Tribeca shipping agency, amid talks to disperse the build-up. Since the start of the month…
Barcelona-Marseille Hydrogen Subsea Pipeline to Cost Around 2B Euros
An underwater pipeline to carry green hydrogen between Barcelona and Marseille will cost around 2 billion euros ($2.1 billion), according to preliminary estimates of the project agreed between Spain, Portugal and France, two sources told Reuters. It comes as an energy crisis caused by the war in Ukraine has accelerated European plans to bolster renewable energy as an alternative to Russian gas. Spain and Portugal aim to become clean hydrogen hubs and net energy exporters…
20 Oil Tankers Wait to Cross Istanbul's Bosphorus Strait
One more tanker took to 20 on Friday the number of vessels waiting in the Black Sea to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean, the Tribeca shipping agency said, amid talks to disperse the build-up.On Thursday, dismissing pressure from abroad over the lengthening queue, Turkey's maritime authority said it would continue to keep out of its waters oil tankers that lacked the appropriate insurance letters…
Vietnam Offshore Vessel Saves 154 Rohingya from Sinking Boat, Transfers Them to Myanmar Navy
A Vietnamese oil service vessel rescued 154 people from a sinking boat in the Andaman Sea and has transferred them to Myanmar's navy, state media reported, a group…
Why Are Oil Tankers Stuck in Turkish Waters?
Turkey's maritime authority said on Thursday it would continue to block the passage of oil tankers that don't carry appropriate insurance letters, adding that insurance checks on ships in its waters were a "routine procedure".The logjam is creating growing unease in oil and tanker markets and comes as the G7 and European Union introduce a price cap on Russian oil.Millions of barrels of oil per day…
Major 'Firsts' for U.S. Offshore Wind Space
December was a month of major “firsts” in the U.S. offshore wind space. The first federal auction for offshore wind was held for the West Coast, and the first federal leases for commercial floating wind projects were provisionally awarded. These events are key milestones in the journey to achieve the federal vision of 15 GW of floating wind in the USA by 2035. Several major challenges in developing…
Turkey Says to Continue Blocking Oil Tankers Without Proper Insurance
Turkey's maritime authority said on Thursday it would continue to block the passage of oil tankers without appropriate insurance letters, adding that the insurance checks on ships in its waters was a "routine procedure."A Turkish measure in force since the start of the month has caused shipping delays.
Baltic Dry Index Up as Capesizes Hit Six-week High
The Baltic Exchange's dry bulk sea freight index rose for a third straight session on Thursday, helped by stronger demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, rose 12 points, or about 0.9%, to 1,385, its highest in four weeks.The capesize index gained 40 points, or 2.5%, to 1,675, its highest since Oct.
Global Port Services Supports Construction of Scotland's Largest Offshore Wind Farm
Global Port Services, owned by Global Energy Group alongside the Port of Nigg, has said it has secured multiple contracts to support its client Seagreen Wind Energy Limited (SWEL), with site enabling works for the pre-assembly construction of wind turbine components (WTGs) at its Port of Nigg facility. The news comes as the final turbine foundations for Seagreen arrive at Nigg to be prepared for installation at Seagreen offshore wind farm site…
Equinor Books Solstad's Battery-hybrid PSV Duo
Norwegian offshore vessel operator Solstad Offshore's Normand Naley and Sea Frost platform supply vessels have been awarded five-year contracts by Equinor in the UK.Both contracts, of an undisclosed value, will be in effect for five years, starting in January 2023. The contracts include options for further extensions.The Sea Frost, which has been on contract with Equinor since 2017, will be upgraded with a battery-hybrid system and shore power as part of the contract.
Over 8 GW of Floating Wind for California, But Who Will Build It?
As the dust settles from Wednesday's California floating wind auction, and developers begin to discuss their plans, energy industry intelligence firm Intelatus says development of the floating wind manufacturing and installation supply chain must speed up.Developers are beginning to release details of their bids for yesterday’s California floating wind auction. The successful bidders for the two north California Humboldt sites…
ThayerMahan Buys Sea-KIT USV
UK-based uncrewed surface vessel (USV) specialist SEA-KIT on Thursday announced its first USV export sale to ThayerMahan, an autonomousmaritime solutions firm based in Connecticut, USA.Sea-KIT said that the X-Class USV's combination of extended range, high sea state endurance and payload capacity attracted ThayerMahan initially to the UK-based USV firm."The fact that SEA-KIT’s vessels are already commercially proven across the globe also factored heavily in their decision-making process…
BCG, ABS Team Up to Decarbonize Maritime & Offshore Industries
Boston Consulting Group (BCG) a consultancy and advisor on decarbonization to the maritime industry, and maritime classification society American Bureau of Shipping (ABS), have signed a memorandum of understanding to combine their technical and consulting expertise in the maritime and offshore industries, providing joint support to clients’ decarbonization journeys.Peter Jameson, Partner and Global Lead for Climate and Sustainability in BCG’s Infrastructure…
