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Maritime News

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Vantage jack-up scores new job off E. Guinea

Posted On: 22-12-2020

Offshore drilling contractor Vantage Drilling has been awarded a contract for one of its jack-up drilling rigs by Trident Energy. In its fleet status report this week, Vantage said that the Sapphire Driller has been awarded two firm wells with Trident Energy in Equatorial Guinea. The Sapphire Driller is a jack-up rig of a BMC 375 design built in 2009. The contract with Trident also includes five..readmore

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Shearwater GeoServices signs $437M debt refinancing

Posted On: 21-12-2020

Shearwater GeoServices has signed new debt and guarantee facilities totalling $437 million, as part of the planned refinancing of the company’s maturing debt. The new facilities include the refinancing of the $325 million bridge facility originating from the acquisition of the marine seismic acquisition assets and operations of WesternGeco in November 2018. Andreas Hveding Aubert, the CFO of She..readmore

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Grieg and Wärtsilä to build green ammonia tanker

Posted On: 21-12-2020

Grieg Edge, an innovation hub established by Grieg Star Group, and Wärtsilä Norway have secured financial support for their project to build the world’s first green ammonia fueled tanker – to ship green ammonia. Specifically, the MS Green Ammonia project will receive NOK 46.3 million from the Norwegian funding scheme Pilot-E confirmed. The partnership aims to launch the GHG emission-free tan..readmore

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CSL cuts steel for ASKO’s two autonomous, electric ferries

Posted On: 01-12-2020

The largest commercial shipbuilder in India Cochin Shipyard Limited (CSL) Kochi has hosted a plate cutting ceremony for two autonomous electric ferries being built for Norway-based ASKO Maritime AS. TorbjØrn Johannson, Chairman of the board for ASKO & ASKO MARITIME, cut the first steel plate for ship No.BY 146 through a video conference and Shri Suresh Babu N V, Director (Operations), CSL cut the..readmore

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World’s 1st zero-emission container vessel, Yara Birkeland, delivered

Posted On: 01-12-2020

The long-awaited zero-emission container vessel Yara Birkeland has been delivered to its owner Yara International, Norway-based shipbuilder Vard informed. Upon delivery, the vessel is scheduled to undergo testing for container loading and stability, before it sets sail to a port and test area in Horten for further preparations for autonomous operation. “We were tasked with building a vessel prep..readmore

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Norwegian marine minerals potential could be worth billions

Posted On: 27-11-2020

Marine minerals could create 21,000 jobs and a $20 billion market for Norway in the next decades, Rystad Energy report says. That is the most optimistic estimate in a new Rystad Energy report on excavation of offshore minerals on the Norwegian Continental Shelf (NCS). “We are looking to provide minerals for the green transition by utilizing the technology and competence from the Norwegian oil an..readmore

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NOC spearheads subsea cables monitoring project

Posted On: 27-11-2020

The National Oceanography Centre (NOC) in the UK is leading a project to develop a system to improve the efficiency of offshore renewable energy generation and help develop the Blue Economy. The Submarine High-fidelity Active-monitoring of Renewable energy Cables (SHARC) has secured funding from Innovate UK’s Sustainable Innovation Fund. The SHARC project aims to improve the operational efficien..readmore

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US boosts 11 hydrokinetic projects with $35 million in research funds

Posted On: 26-11-2020

The U.S. Department of Energy (DOE) has awarded $35 million for 11 projects which seek to develop new economically competitive hydrokinetic turbine designs for tidal and riverine currents. The funding has been announced as part of Advanced Research Projects Agency-Energy’s (ARPA-E) Submarine Hydrokinetic And Riverine Kilo-megawatt Systems (SHARKS) program. SHARKS projects address at least one of..readmore

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Tokyo Gas joins Chiba Offshore Wind joint venture

Posted On: 26-11-2020

Tokyo Gas has joined the offshore wind joint venture established by Northland Power and Shizen Energy in 2019 and will become a shareholder in the project company Chiba Offshore Wind (COW). COW is developing offshore wind projects off the Pacific Ocean coastline of Chiba Prefecture in Japan. Now, with Tokyo Gas on board, there is a combined team of more than 30 people including management and e..readmore

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KrisEnergy unit dodges winding-up petition after settlement with Rubicon

Posted On: 26-11-2020

Singapore’s independent oil and gas company KrisEnergy and floater provider Rubicon Offshore have settled a contractual dispute that saves KrisEnergy’s Thai subsidiary from being wound up. As part of the deal, KrisEnergy will enter into a new bareboat charter for the Rubicon Vantage floating storage and offloading (FSO) unit, which was at the centre of the dispute that dated back to October 20..readmore

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Olympic Commander deployed for inter-array cables O&M at Sandbank OWF

Posted On: 26-11-2020

The multi-purpose offshore vessel Olympic Commander has been contracted by JDR Cables to support a maintenance campaign at the Sandbank offshore wind farm in the German North Sea. Equipped with a 28-metre Safeway Seagull walk-to-work gangway system, the vessel has been deployed to carry out the transfer of people and goods at the offshore wind farm. Within the maintenance project, which started..readmore

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Stena Line takes delivery of newest E-Flexer in China

Posted On: 24-11-2020

Swedish ferry operator Stena Line has taken delivery of Stena Embla, the final of the company’s three new E-Flexer vessels destined for the Irish Sea. The delivery ceremony took place at the CMI Jinling Weihai Shipyard in China on 19 November. Stena Embla is the third of five next-generation roll-on/roll-off passenger (RoPax) vessels ordered from CMI Jingling by Stena Line and Stena RoRo. The la..readmore

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SGS supports Hafnia environmental goals

Posted On: 23-11-2020

Subsea Global Solutions (SGS) has entered into a new agreement with product tanker owner and operator Hafnia to provide underwater hull maintenance and repair services for their fleet of 93 owned vessels. The deal will see all related underwater works for the Hafnia Tankers fleet coordinated out of SGS’ Singapore office to ensure alignment with their technical team in Singapore. Surajit Chand..readmore

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Erma First: Full-flow electro-chlorination BWM systems hands-down winner in spot trading

Posted On: 24-11-2020

Full-flow electro-chlorination ballast water management technology is more effective than ultra-violet technologies or side-stream ballast water systems and systems without filters, according to a white paper released by Erma First. The ballast water management system manufacturer said its research focuses particularly on the needs of the spot trading cargo fleet, which trades in a range of waters..readmore

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Safe Bulkers starts gradual fleet renewal focusing on green ships

Posted On: 23-11-2020

Dry bulk shipping company Safe Bulkers wants to gradually renew its fleet with modern designs compliant with the new environmental regulations. In line with those efforts, in October 2020, the company signed a deal to buy a Japanese-built, Kamsarmax class, 82,000 dwt, newbuild bulker with a scheduled delivery within the first half of 2022. Safe Bulkers said the vessel is designed to meet the lates..readmore

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Cargo ship catches fire off Greek coast, crew evacuated

Posted On: 22-11-2020

A fire broke out on board a Togo-flagged general cargo vessel which was moored near Elafonissos, Greece, the Hellenic Coast Guard said. The fire started in the afternoon hours of 11 November. Its origin has not been determined so far. The ship — with fourteen crew members on board — has been identified as the 6,500 dwt Al Hani. It arrived from Libya and was on its way to Turkey at the time of ..readmore

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Fincantieri points to Q3 production recovery in an unprecedented year

Posted On: 22-11-2020

Italian shipbuilder Fincantieri reported a 16% drop in revenues for the first nine months of 2020 reaching €3.53 billion, considerably impacted by the Covid-19 outbreak. The shipbuilder’s EBITDA stood at €200 million, down from €306 million reported in the same period in 2019, with an EBITDA margin of 5.7%, up from 5.0% first-semester margin (7.3% at September 30, 2019). The shortfall in E..readmore

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Navig8, Doosan Fuel Cell to develop fuel cells for ships

Posted On: 22-11-2020

South Korean fuel cell developer Doosan Fuel Cell has signed a Memorandum of Understanding with Singaporean shipper Navig8 to develop fuel cells for ships. The move comes as the shipping sector embarks on a path to decarbonize in line with the ever more stringent regulations on greenhouse gas emissions. Under the cooperation plan, Doosan FuelCell will mount a solid oxide fuel cell (SOFC) currently..readmore

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Volume recovery, cost-cutting measures help Hapag-Lloyd deliver strong results

Posted On: 24-11-2020

German container shipping major Hapag-Lloyd reported strong earnings in the first nine months of this year, benefitting from volume recovery in the third quarter combined with stable freight rates and low bunker prices. The group’s net income stood at $605 million in the first nine months of 2020, an increase of $272 million over the previous year. In addition, EBITDA amounted to more than $2 bi..readmore

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UNCTAD warns of grim maritime trade outlook due to COVID-19

Posted On: 16-11-2020

Global maritime trade will plunge in 2020 due to the unprecedented disruption caused by COVID-19, the United Nations Conference on Trade and Development (UNCTAD) said in a new report. The report, entitled the Review of Maritime Transport 2020, warns that new waves of the pandemic that further disrupt supply chains and economies might cause a steeper decline and the short-term outlook for maritime ..readmore


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