Maritime News

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Acta Marine Orders Wind Farm Vessel

Posted On: 25-01-2017

Netherlands based ship owner Acta Marine B.V. has placed an order with Ulstein Verft AS for the construction of a DP2 construction support vessel (CSV) primarily aimed at the offshore wind market. The vessel, which carries the new SX195 design from Ulstein Design & Solutions AS, offers in-field flexibility, winter workability, safe transfer of people and cargo, optimized on-board logistics, hi..readmore

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FSDEA to Invest in First Deep Sea Port in Angola

Posted On: 17-10-2018

The Fundo Soberano de Angola (FSDEA), Angola’s sovereign wealth fund, has committed to invest USD 180 million in a strategic deep-sea port in Cabinda, Angola as part of its USD 1.1 billion infrastructure fund. This investment will create the first deep sea water port in Angola, which will be built in two phases. Phase 1 will result in a terminal of 630-meter length connected to the shore via a ..readmore

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Ulstein Delivers Its Largest Offshore Construction Vessel

Posted On: 20-01-2017

Norwegian shipbuilder and ship designer Ulstein delivered an offshore construction vessel (OCV), Island Venture to Island Ventures 5 LLC, a joint venture between Edison Chouest Offshore from the USA and Island Offshore from Norway on January 17, 2017. The 14, 248 dwt Island Venture is said to be Ulstein’s largest OCV yet, can accommodate 239 persons, with length of 160 meters and a width of 30 ..readmore

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Tata to Invest in Swan LNG project

Posted On: 20-01-2017

Tata Realty and Infrastructure Ltd (TRIL) is taking 10 percent stake in a Rs. 5,900 crore ($867 mln) floating LNG import terminal being set up by Nikhil Merchant led Swan Energy in Gujarat. This will be the first investment by Tata Group in gas business. TRIL was established in 2007 to pursue opportunities in the real estate and infrastructure sectors. It is a wholly-owned subsidiary of Tata Son..readmore

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HMM Acquires 20% Stake in Long Beach Terminal

Posted On: 20-01-2017

Hyundai Merchant Marine Co. (HMM) South Korea said that it will buy 20-percent stake of the company that runs the biggest container terminal at Long Beach Total Terminals International terminal (TTI), Calif., the U.S. HMM will now become the No. 2 stakeholder in TTI after Geneva-based Mediterranean Shipping Co (MSC). TTI operates terminals at Seattle and Long Beach. HMM will receive the same..readmore

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Höegh LNG Firms FSRU Orders in South Korea

Posted On: 19-01-2017

Norway-based owner and operator of floating liquefied natural gas (LNG) import terminals Höegh LNG Holdings has signed contracts with two South Korean shipbuilders for the construction of two floating storage and regasification units (FSRUs), with an option for additional three FSRUs. The first shipbuilding contract (SBC) was inked with Samsung Heavy Industries (SHI) for the construction of one ..readmore

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Subsea 7 Loses Petrobras Contract

Posted On: 19-01-2017

Subsea 7 has received an early termination of the day-rate contract for its pipelay support vessel (PLSV) Seven Mar from the state-owned Brazilian firm Petrobras. The termination is effective January 16, 2017, the company informed. The contract was due to expire next year. The Brazilian government has reportedly withdrawn the operating license for the vessel to prioritise ships within its own fl..readmore

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Africa, Asia Join Efforts for Anti-Piracy Information Sharing

Posted On: 19-01-2017

A meeting in Singapore (11-12 January) has seen African and Asian countries join efforts to promote greater networking and communications across anti-piracy contact points in the two continents. Speaking at the meeting, International Maritime Organization (IMO)'s Head of Maritime Security, Javier Yasnikouski, commended the initiative, saying that the efforts contribute directly to IMO’s work ..readmore

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9th Prefabrication & Modular Construction Summit 2017

Posted On: 11-01-2017

Current and Future Trends of Prefabrication and Modular Construction Across the Globe: A MUST-KNOW Approach for ALL Oil, Gas, Chemical, Petrochemical Operators, Energy, Utilities, Asset Owners & EPC Contractors From project efficiency to the ease of build, it is no surprise that modular construction is sweeping the industry. Prefabrication and modular construction processes have been used for y..readmore

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Port Authority of Valencia to Upgrade Its Ports

Posted On: 06-01-2017

Spain’s Port Authority of Valencia (APV) has unveiled its intentions to invest more than EUR 233 million into its three state-owned ports of Valencia, Sagunto and Gandía, until 2020. The port authority said that it would invest EUR 56.1 million into modernization works in 2017, while the remaining amount of EUR 177 million would be invested during the period from 2018 to 2020. A total of EUR ..readmore

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STX, MSC Finalize Deal for Meraviglia-Plus Cruise Ships

Posted On: 26-12-2016

Cruise giant MSC Cruises and French shipbuilder STX France have finalized the contract details for the previously announced two options for Meraviglia-Plus class cruise ships. The contract has come into force, with vessel delivery scheduled in October 2019 and July 2020, respectively. “I am extremely pleased to see us continuing to deliver against our industrial plan with the coming into force..readmore

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Turkey Opens First Floating LNG Import Terminal

Posted On: 26-12-2016

Turkey’s first floating liquefied natural gas import terminal, ETKI LNG terminal, was inaugurated on December 23 by French energy distribution company ENGIE and the Turkish construction companies Kolin and Kalyon. Located close to Çakmakli, Izmir, the new facility was developed as a Floating Storage and Regasification Unit (FSRU) based solution. One of ENGIE’s two FSRUs, the Neptune, was co..readmore

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Offshore Wind Farm Powers Up in US

Posted On: 16-12-2016

Power developer Deepwater Wind said its Block Island Wind Farm has begun delivering electricity into the New England region’s grid, becoming the United States’ first commercially active offshore wind farm. The energy produced from the Block Island Wind Farm is linked to the New England grid via Block Island and mainland Rhode Island by National Grid’s new sea2shore submarine transmission c..readmore

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Total Joins SEA\LNG Coalition

Posted On: 16-12-2016

Oil and gas major Total has joined SEA\LNG, a multi-sector industry coalition created to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. Total is involved across the entire LNG chain, from extracting natural gas onshore and offshore to processing plants where it is liquefied, stored and shipped in a fleet of specially designed carriers to regasification termina..readmore

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Cruise Sector Expect More Investment in 2017

Posted On: 16-12-2016

The trade association Cruise Lines International Association (CLIA) is predicting a steady pace of cruise travel interest and significant investment in the industry in 2017. An increase in cruise travel is expected in 2017, with an estimated 25.3 million passengers from 15.8 million just 10 years prior (2007). More ships will set sail in 2017 as well. CLIA reports that cruise lines are schedul..readmore

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Mediterranean Ports Unite Behind Southern Gateway Alternative

Posted On: 15-12-2016

Ports from around the Mediterranean coast are to form an organisation to promote the region’s role in global maritime trade and to co-operate on issues including security, the environment and supply chain innovation. Representatives of 25 port authorities from southern Europe and North Africa as well as Bulgaria, Turkey and Israel along with the professionals from the Euro-Mediterranean shippin..readmore

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'Major Port Trust Authorities Bill, 2016' approved by India

Posted On: 15-12-2016

The Union Cabinet of India, chaired by the Prime Minister, has approved the Major Port Authorities Bill, 2016, replacing the Major Port Trusts Act, 1963. This is a move aimed to introduce greater efficiency and professionalism in governance of ports through full autonomy in decision making and by modernizing the Institutional structure of Major Ports. The official statement said that the Union Ca..readmore

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New Water Resources Bill for US

Posted On: 15-12-2016

The US has adopted a final water resources development bill which focuses on the Harbor Maintenance Tax, providing a continuation of the donor and energy transfer port program, as well as on modernizing the channel deepening cost-share formula. The Water Infrastructure Improvements for the Nation Act (WIIN), is the bill which modernizes the cost-share depth for navigation construction projects fr..readmore

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HMM Plans to Control 5% of Global Market Share by 2021

Posted On: 15-12-2016

A media reports that the Hyundai Merchant Marine (HMM) plans to take 5% of global market share by 2021 by means of various measures including its latest agreement to join the 2M network.HMM currently control 2.2% of global container capacity, said it intends to improve cost competitiveness by focusing on the Asia-US route and raising wet bulk carriers rather than dry bulk vessels. HMM will also..readmore

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NextDecade and FLEX LNG Signs HOA on FSRU Solutions

Posted On: 15-12-2016

NextDecade Global Solutions, a subsidiary of NextDecade, and FLEX LNG have signed a heads of agreement (HOA) to create a full value chain solution for clients looking to purchase liquefied natural gas (LNG) from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.Initially, NextDecade and FLEX LNG will develop floating storage and regasification unit (FSRU) and dockside solutions fo..readmore


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