Maritime News

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World’s largest crane vessel lifts Wintershall Dea’s Nova topside module

Posted On: 09-05-2020

The world’s largest crane vessel, Sleipnir, has lifted Wintershall Dea’s Nova field topside module from the Rosenberg WorleyParsons yard in Stavanger, Norway. Neptune Energy, the partner in the Nova field, said via its social media channels on Friday that Sleipnir was sailing towards Neptune’s Gjøa platform in the North Sea ..readmore

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d’Amico, Glencore JV offloads MR tanker

Posted On: 08-05-2020

Italian shipping company d’Amico International Shipping S.A. (DIS) said that its joint venture with Swiss commodity trader Glencore Group has decided to sell a medium range (MR) tanker. As informed, Glenda International Shipping d.a.c. (GIS) signed a memorandum of agreement with an undisclosed buyer for the sale of MT Glenda Meredith, one of its five ships. ..readmore

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SeaTwirl names new CEO

Posted On: 08-05-2020

The Board of Directors of Swedish wind power company SeaTwirl has appointed Peter Laurits, Vice Chairman of the Board, as the company’s new CEO, effective immediately. With Laurits now taking the helm, the interim CEO Peter Schou, who ..readmore

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Orion crane collapse probe points to hook failure

Posted On: 07-05-2020

The investigations into the collapse of the heavy-lift crane onboard the installation vessel Orion are ongoing, with the first findings indicating that ”the accident had to do with a failure of the crane hook”, a spokesperson for DEME Group said. However, further investigations will need to be carried out to confirm the cause, DEME said. As previously repo..readmore

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EU consulting on new renewable energy financing mechanism

Posted On: 07-05-2020

The EU Commission has opened a four-week public consultation on draft rules to establish a new EU financing mechanism to support renewable energy projects. The new mechanism opens a possibility for the member states to collectively benefit from renewables projects funded through tenders using an EU-wide financing mechanism. The mechanism enables “contributing” member states to pay voluntary fi..readmore

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Study boosts tidal power value in Faroe Islands

Posted On: 06-05-2020

A new study shows tidal power may be a significant resource for Faroe Islands to balance other renewable energy sources.This is thepreliminary result of a PhD project on the energy balance and stability of the Faroese electrical system. PhD researcher, Helma MarianTróndheim, said:“So far the results indicate that tidal power may be of significant importance f..readmore

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DEME looking for replacement installation vessel for Moray East OWF

Posted On: 06-05-2020

DEME is currently looking for a replacement vessel for the installation of Moray East jacket foundations, following the crane accident onboard the installation vessel Orion. The company is considering both the vessels in its own fleet and externally to carry out the installation of Moray East jackets, first eight of which have now arrived at the Port of Nigg...readmore

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PGS wraps up 3D survey offshore PNG

Posted On: 04-05-2020

Oslo-listed seismic player PGS has completed the Painimaut 3D multi-client program in Papua New Guinea. Fast-track 3D GeoStreamer data is now available. The Painimaut program targets a number of play types in the under-explored Papuan Basin in both held and vacant acreage. The survey targets the Tertiary carbonate buildups and Mesozoi..readmore

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Eco Marine Power to look into installation of its zero-emission solution onto an LR2 tanker

Posted On: 04-05-2020

The Japanese technology firm Eco Marine Power has launched a feasibility study into the installation of its zero-emission power and propulsion system onto an LR2 tanker. The system is known as Aquarius Marine Renewable Energy (Aquarius MRE) and it aims to enable ships to tap into renewable energy by harnessing the power provided by the wind and sun. It incorporates an array of automated rigid sail..readmore

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Polarcus shrinks deficit; preps for market uncertainty

Posted On: 03-05-2020

Marine seismic player Polarcus has cut its deficit in Q1 2020 despite slightly lower revenues on improved pricing compared to prior year. The Oslo-listed company reported loss for the Q1 2020 of $4.2 million, on revenues of $66.3 million, versus loss of $5.3 million and revenues of $67.1 million in Q1 2019. The Polarcus core fleet scored 26 per cent higher revenues in Q1 2020 again..readmore

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Borr Drilling sells two jack-up rigs

Posted On: 03-05-2020

Offshore drilling contractor Borr Drilling has sold two jack-up rigs for total cash proceeds of $15.8 million. Borr said on Thursday it had sold two standard jack-up drilling rigs, the Dhabi II and the Paragon B152, built in 1981 and 1982, respectively. The sale also included the associated backlog effective from 1 April 2020. The compa..readmore

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First Triton Knoll offshore substation in place

Posted On: 30-04-2020

The first Triton Knoll offshore substation platform (OSP) is now standing at its designated location at the project site. The offshore wind farm will comprise two offshore substations:OSP East and OSP West. The heavy-lift installation vessel Seaway Strashnov installed the 1,400-tonne OSP West in the morning of 12 April. Manchester-based Siemens Energy designed the su..readmore

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SeaQuest secures supervision contract for Finnlines’ zero-emission RoRos

Posted On: 30-04-2020

Hong Kong-based consulting services provider SeaQuest Marine Project Management has been entrusted with the construction supervision job for three Green 5th Generation zero-emission roll-on/roll-off (RoRo) newbuilding vessels ordered by Finnlines. The vessel trio is being built at China Merchants Group’s Nanjing Jinling Shipyard in China. Finnlines, a Finnish s..readmore

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COVID-19 effects push Novatek into red

Posted On: 29-04-2020

Russia’s largest private natural gas producer and LNG player Novatek slipped into red under the COVID-19 impacts. Novatek reported a net loss of ₽30.7 billion ($416.8 million) in the first quarter of the year. This compares to a profit of ₽381.8 billion ($5.2 billion) reported in the first quarter of 2019. The company noted that the profit was impacted by the effects of the COVID-..readmore

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Safety nod for Spirit Energy to use Leiv Eiriksson rig in Barents Sea

Posted On: 29-04-2020

Oil and gas company Spirit Energy has received consent from the Norwegian offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the Barents Sea using the Leiv Eiriksson drilling rig. The PSA said on Wednesday that the consent applied to the exploration drilling of one well in block 7321/8 in production license 719. Acco..readmore

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France greenlights 8.75 GW offshore wind target

Posted On: 24-04-2020

France will put up to 8.75 GW of offshore wind capacity out to tender from 2020 to 2028,the Multiannual Energy Programme (Programmation pluriannuelle de l’énergie (PPE)) shows. The new PPE has entered into force on Thursday, 23 April. As proposed earlier, the PPE also increases the intended operating offshore wind capacity from between 4.7GW and 5.2GW by ..readmore

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Tankers, gas carriers boost Milaha’s bottom line

Posted On: 24-04-2020

Qatari maritime group Qatar Navigation (Milaha) Q.P.S.C. closed the first quarter of this year with a slight increase in its net income, driven by higher earnings of the company’s tanker and gas carrier business. Milaha’s net profit rose by 1.8 per cent to QAR 283 million (around USD 78 million) in the first three months..readmore

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Webinar on ocean energy progress in Europe

Posted On: 21-04-2020

ETIP Ocean and OceanSET are hosting a webinar on 7 May 2020 to provide an update on the ocean energy sector. The OceanSET project provides support to ocean energy implementation in order to achieve the SET Plan targets. It also helps to paint a clear picture of the ocean energy sector’s development across Europe. As a result, this webinar will deliver an update, based on rece..readmore

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Wärtsilä’s scrubber order intake takes a hit as fuel price spread narrows

Posted On: 21-04-2020

The Finnish technology group Wärtsilä has reported a 12 percent order intake fall during the first quarter of 2020 as a result of the measures aimed at curbing the spread of the COVID-19 pandemic. The order intake was worth EUR 1.2 billion when compared to EUR 1.4 billionin the same period last year, while the order book at the end of the quarter stood at ..readmore

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Windpark Fryslân transformer station starts taking shape

Posted On: 15-04-2020

The transformer station of the Windpark Fryslân nearshore wind project has started taking shape at Breezanddijk in the Netherlands. According to the project developer, work is being done on the 382.7 MW wind farm despite the coronavirus situation. Located south of the Afsluitdijk and some six kilometers off the..readmore


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