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Port of Los Angeles adopts $1.5 billion budget for 2020/21
Posted On: 08-06-2020
The Port of Los Angeles, North America’s leading container seaport, has adopted a $1.5 billion budget for Fiscal Year 2020/21. The port said the budget was based on expectations of slower cargo volumes in the near term and a continued slowdown in the worldwide economy, due to market uncertainties related to the COVID-19 pandemic and the lingering impacts from the 201..readmore
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Irregularities found during emergency preparedness audit of Valaris rig
Posted On: 03-06-2020
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found several irregularities regarding the emergency preparedness on the Valaris-owned Valaris JU-292 rig, formerly known as the Rowan Norway. The offshore safety body identified non-conformities relating to fire protection, lifeboats, helicopter deck, signage and marking of evacuation rou..readmore
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Rotterdam hosts world’s largest containership
Posted On: 03-06-2020
The world’s largest containership, the 23,964 TEU HMM Algeciras, sailed into the Port of Rotterdam on June 3, making its first call at Europe’s largest port. HMM Algeciras has claimed the title of the largest containership from MSC Gulsun which has a 23,756 TEU capacity. “We give a warm welcome to HMM Algiceras in the port of Rot..readmore
Van Oord inks green loan for LNG-powered dredgers
Posted On: 03-06-2020
Dutch marine contractor Van Oord has signed its first green loan that will be used to fund its new liquefied natural gas-powered dredgers.The company said in a statement it signed the loan with Dutch Rabobank and France’s BNP Paribas last month. Van Oord structured the loan according to green loan principles developed by the London-based Loan Market Association. The main goal of the principles i..readmore
MOG completed as Seastar offshore wind project connects
Posted On: 03-06-2020
The 252 MW Seastar offshore wind farm in Belgium has been connected to Elia’s Modular Offshore Grid (MOG). Seastar is part of the 487 MW SeaMade replicas de relojes panerai project which comprises 58 Siemens Gamesa 8.4 MW turbines. The connection of the wind farm marks the completion of the MOG located 40km off Belgium’s coast. T..readmore
First SRIA webinar on demo of wave energy devices
Posted On: 15-03-2024
ETIP Ocean will publish a new Strategic Research and Innovation Agenda (SRIA) on 19 June this year. The SRIA identifies six challenge areas, defined as R&I fields worth investing during the next period of five years. Each area includes several priorities assessed according to the opportunity for the European sector and urgency to overcome them. ETIP Ocean will hold a number of webinars to exchange..readmore
Hurricane granted more time for UK well work
Posted On: 27-05-2020
Hurricane Energy’s request to extend the deadline for activities planned on the Lincoln license off the UK has been approved by UK authorities due to disruptions caused by the coronavirus pandemic. In an update in relation to planned activities on the Lincoln subarea of Licence P1368, part of the Greater Warwick Area (GWA), Hurricane said on Wednesday it had requested extensions to certain licen..readmore
PGS releases Côte d’Ivoire GeoStreamer data
Posted On: 23-05-2020
Marine geophysical firm PGS has released new multi-azimuth GeoStreamer 3D for Côte d’Ivoire. This 900-square-kilometre survey should provide increased resolution and sharper imaging of Upper Cretaceous plays in Côte d’Ivoire block CI-706. Recently completed final depth processing has improved illumination of the block, adding a second azi..readmore
ST Engineering, Nauti-Craft join forces on offshore wind CTVs
Posted On: 22-05-2020
ST Engineering Marine and Nauti-Craft have signed a Letter of Intent (LOI) to jointly develop and supply new crew transfer vessels. Primarily, the two companies aim to explore the opportunity to incorporate Nauti-Craft’s marine suspension technology into vessels built by ST Engineering. As a further step, they intend to develop, build and suppl..readmore
Nippon Paint Marine’s new coating gaining on popularity among dry bulk owners
Posted On: 26-05-2020
Nippon Paint Marine’s new coating Neoguard Toughness is becoming popular among dry bulk owners, with almost 40 applications. The company said that its coating has been applied to the holds of 37 bulk carriers operated by owners that include Eastern Pacific Shipping, Synergy Group, Far East Lines, Iskenderun Shipping, and Wisdom Ma..readmore
Report: Total secures $14.4 billion Mozambique LNG financing
Posted On: 20-05-2020
French energy company and LNG player Total has reportedly secured $14.4 billion funding for its liquefied natural gas export project in Mozambique. The financing deal includes a group of around 20 lenders for the first phase of senior debt funding, Reuters reported onThursday citing unidentified sources. The French company expects the ..readmore
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Write-downs push Teekay LNG to Q1 loss
Posted On: 20-05-2020
Teekay LNG Partners, one of the world’s largest owners of LNG carriers, reported a slump in profit for the first three months of the year. The company reported a $33 million net loss,down from $21.6 million profit in the first quarter of 2019. The results were impacted mostly by write-downs of $45 million recorded on six multi-gas carriers in the f..readmore
Posted On: 22-05-2020
Maritime lawyers are legal professionals specialized in maritime transportation and maritime law. As the maritime industry is a critical part of international trade, these lawyers cover a wide range of expertise. Maritime law addresses disputes between shipowners, captains, crew, cargo owners, and companies involved in maritime activities.
Damen Poised to Develop Shipbuilding in Bangladesh
Posted On: 19-05-2020
Dutch shipbuilder Damen Shipyards Group and Australian-based Gentium Solutions have signed a memorandum of understanding (MoU) with the Ministry of Industry of Bangladesh,seeking to establish and develop shipbuilding and ship repair industry in Bangladesh. Damen said that the aim was to build ships in Bangladesh, for Bangladesh, with a long..readmore
Repsol gets green light for use of Maersk Inspirer rig on Yme
Posted On: 21-05-2020
Spanish oil company Repsol has received consent from the Norwegian offshore safety body,the Petroleum Safety Authority (PSA), to use the Maersk Inspirer jack-up rig on the Yme field offshore Norway. The PSA said on Monday that the consent covers connection,completion and start-up preparations in conjunction with previously i..readmore
UK safeguards critical freight routes with £35 million support
Posted On: 18-05-2020
The UK government has signed agreements with six operators to provide up to £35 million to help ensure there is enough freight capacity to prevent disruption to the flow of goods. The companies in question are Brittany Ferries, DFDS, Eurotunnel, P&O, Seatruck and Stena.As explained, the decision has been made to protect sixteen ..readmore
GC Rieber takes impairment dive
Posted On: 18-05-2020
GC Rieber Shipping has seen its quarterly loss widened on Subsea Renewables fleet impairment as a result of current market. Namely, the company recognised an impairment of its Subsea & Renewables fleet in Q1 2020 of NOK 293.3 million. As a result, GC Rieber booked loss of NOK 301.6 million, against NOK 104.5 million loss same time last year. The company..readmore
Geotechnical surveys to begin at Vineyard Wind site
Posted On: 14-05-2020
Geoquip Marine is set to begin geotechnical surveys in the northern portion of the Vineyard Wind Lease Area around 20 May. The geotechnical data acquisition company will be conducting surveys from its vessel Geoquip Saentis for four to six weeks. Geoquip Marine Group carried out a geotechnical survey campaign for Vineyard Wind LLC in 2018 with..readmore
Development of the world’s 1st zero emissions, autonomous feeder halted due to COVID-19
Posted On: 15-05-2020
The development of the world’s first autonomous and electric container vessel Yara Birkeland has been paused due to the COVID-19 pandemic and the changed global outlook,Norwegian company Yara informed. The hull of the Yara Birkeland vessel was launched to sea at Vard Braila in Romania in February 2020 and is expected to arrive a..readmore
Borssele 1+2 construction team not skipping a beat
Posted On: 13-05-2020
Ørsted has provided an update on the ongoing offshore construction work at the 752 MW Borssele 1 + 2 offshore wind farm in the Dutch North Sea, saying that all activities are going according to plans. So far, DEME’s installation vessel Innovation has installed 73 out of the 94 monopile foundations at the site some 23 kilometres off the coast of..readmore
