Crowley in Command
Tom Crowley has become the face of the U.S. maritime industry, steadily building his transport and logistics company into a formidable goliath. From Jones Act waivers to emerging emissions technology to the devastation of Hurricane Maria on Puerto Rico, Crowley weighs in on the pressing matters of maritime with refreshing candor. The last time we caught up with Tom Crowley two years ago at this headquarters in Jacksonville, Fla., we were handed a safety bulletin and Tom Crowley himself came down to the lobby to greet us.
Strategic Marine: Innovative Quality
As ferry operators search for efficiency to reduce pollutants and operating costs, the importance of design, quality construction, and efficient propulsion become ever more important. Such is clearly the case with the Netherlands-based ferry operator Rederij Doeksen, whose two BMT Nigel Gee designed ferries are currently under construction at Strategic Marine’s Vietnam yard for operations between Harlingen on the mainland and the islands of Terschelling and Vlieland. in the Netherlands’ Wadden Sea.
Inside the World's First LNG Containership Conversion
The world’s first container feeder vessel refit to use natural gas was commissioned in late August in Bremerhaven, ushering in a new era in the use of alternative fuels across the global maritime sector. The container vessel Wes Amelie, owned by Wessels Reederei, Haren/Ems, was converted for the use of methane as a standard fuel at the German Dry Docks Shipyard in Bremerhaven, making it the world’s first of its kind vessel which consumes environmentally friendly methane. This conversion is more than simply another environmentally advanced ship…
Deal for Floating LNG Powerplant in China
As the proliferation of LNG use spreads rapidly in the maritime and energy sectors, word from China is that Wison Offshore & Marine has signed an MoU with Shanghai Electric Power Generation Group, on a joint effrot to develop medium to large-scale floating LNG power generation barges. Wison brings a wealth of experience and integration capability in floating LNG facilities, while Shanghai Electric is a leader in core gas power equipment and EPC services for international power projects. Based on the Floating LNG Storage Regasification and Power Generation (FSRP) solution developed by Wison earlier on, both parties will join forces to build up capabilities throughout FSRP project life cycle from product development…
Offshore Oil Service Firms Dominate Energy Bankruptcies
Offshore oil drilling and service companies, hurt by the energy industry's shift to lower-cost shale and away from deepwater projects, are dominating the year's energy bankruptcies in North America, according to law firm Haynes and Boone. There were fewer oilfield service companies seeking protection this year than last but those that did have had larger debts. Through October, 44 oilfield services companies filed for bankruptcy in the United States and Canada owing creditors $24.8 billion, compared with 72 companies and $13.48 billion for all of 2016.
Bahri Optimistic of Oil Tanker Market
Bahri, a global leader in transportation and logistics, is very optimistic about the future of the oil tanker market and it believes that there will continue to be demand for this market, said Mohammed Al-Sarhan, Vice Chairman of Bahri, who possesses extensive experience in oil and gas, transportation and logistics, and other sectors. He was talking in the annual Bahri Oil Transportation Forum, which was held in Dubai last week. John Angelicoussis, Chairman of Angelicoussis Shipping Group Limited…
American Maritime for Puerto Rico Recovery
The American Maritime Partnership – the voice of the domestic maritime industry – today issued the following statement to set the record straight on the importance of American maritime for Puerto Rico recovery and the capacity and capability of Jones Act vessels to meet Puerto Rico’s present and future needs. “While the American Maritime industry was delivering cargo to the docks of Puerto Rico with relief supplies within hours of the hurricane passing, familiar opponents worked to fan debunked myths about our industry and the Jones Act…
Gazprom, Shell Discuss LNG Projects
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, took place in St. Petersburg. The meeting addressed relevant aspects of strategic cooperation. Particular attention was paid to joint efforts in the liquefied natural gas (LNG) sector. The parties discussed the construction project for the third train of the LNG plant on Sakhalin Island and the progress of the Joint Study Framework Agreement for the Baltic LNG project. The meeting also focused on the Nord Stream 2 project.
LNG Market Outlook by Flex LNG
The LNG shipping market tightened throughout the third quarter, and rates increased sharply in October following gradual increases since May. This was due in part to strong LNG demand from China which helped to widen the arbitrage between spot LNG import prices in Europe, U.S. and Asia. This led to increased cargoes from the Atlantic basin and an associated increase of average sailing distances. The current market dynamic is supportive for a further increase in rates during a seasonally strong period of the year.
France to Boost LNG Usage in Shipping
France will modify regulations on the natural gas to allow liquefied natural gas (LNG) bunkering to take place at ports, Reuters reported quoting Prime Minister Edouard Philippe. He said the country will consider changing fiscal rules on amortising investments in new ships or engine technology. “We have to use this (energy) transition to differentiate ourselves on the market - in transport and in port services,” he said. The report said that LNG has been promoted as an alternative to fuel oil for a shipping sector facing tougher emissions standards from 2020…
CMA CGM Adds 4 Vessels Under French Flag
CMA CGM has announced four additional ships under the French flag. The first among these will be a 20,600 TEU containership which will be named as CMA CGM Antoine de Saint Exupery. The other three vessels under French flag will be 22,000 TEU ships powered by liquefied natural gas (LNG). CMA CGM Antoine Saint Exupéry, with expected delivery in in early 2018, is to pay homage to the pioneer of Aeropostale, the writer and the poet, known for its values of humanism and responsibility…
Summit Signs Floating LNG Facility Contract
Summit LNG Terminal, a subsidiary of Summit Power International, signed a USD 100 Million turnkey contract with marine work contractor consortium comprising of Geocean SAS and MacGregor for design, engineering, procurement, fabrication, installation and testing of the Fixed Infrastructure (FI) for its Floating LNG Storage and Regasification Terminal (FSRT) at Moheskhali, Cox’s Bazar. The project completion date is 16 months from the time of signing. The Fixed Infrastructure will consist…
Talos, Stone Energy Plan $2.5 Bln Merger
Talos Energy LLC and Stone Energy Corp, two U.S. exploration and production companies focused on the Gulf of Mexico, announced on Tuesday plans to merge and create a new company valued around $2.5 billion including debt, sending Stone's shares down nearly 13 percent. "The idea of a reverse merger works very well for us, as we get a lot of talented people into the company and also use a structure which gets us to the public equity markets", said Timothy Duncan, chief executive of Talos, who will retain the title under the combined company, to be named Talos Energy Inc. Stone shares will be exchanged for Talos stock on a one-for-one basis, while Talos' existing stockholders will be issued 34.2 million shares to give them 63 percent of the combined company, according to a statement.
Arctic LNG Carriers Delivered: RS Class
The construction of a series of Arctic LNG carriers under the technical supervision of Russian Maritime Register of Shipping (RS) is in progress: in November “Boris Vilkitsky” and “Fedor Litke” gas carriers were delivered to the customer and the keel of a new gas carrier was laid. A series of 15 LNG carriers unique in design, is being constructed as part of the implementation of the large-scale RF liquefied natural gas production project Yamal LNG. The construction site is Daewoo Shipbuilding & Marine Engineering shipyard in the Republic of Korea.
Finland's Manga LNG Terminal Gets First Cargo
The first shipload of liquefied natural gas (LNG) arrival to the LNG import terminal in Tornio, Finland, on Sunday November 19, 2017. The Manga LNG natural gas import terminal in Röyttä Harbor, Tornio, is a joint venture of the industrial companies Outokumpu and SSAB Europe, the energy company EPV Energy and the LNG company Skangas. LNG was shipped to the terminal by Coral Energy, a time-chartered LNG carrier operated by Skangas. Once completed in summer 2018, the import terminal will be the largest LNG terminal in the Nordic countries and the second LNG terminal in Finland.
Wärtsilä to Power Viking Line Ferry
Wärtsilä will supply the engines, the navigation system and a broad scope of other products and systems for a new luxury and environmentally friendly ferry being built for the Finland based operator, Viking Line. The ship is being built at the Xiamen Shipbuilding Industry yard in China and there is an option for a second vessel. The order with Wärtsilä was booked in October 2017. Six Wärtsilä 31DF dual-fuel engines running primarily on liquefied natural gas (LNG) will provide the propulsion and power for the vessel.
Liberian Registry, ICS Challenge Brazilian Court Ruling
The Liberian Registry, in cooperation with the International Chamber of Shipping (ICS), has succeeded in helping the holder of a Liberian mortgage to overturn a decision of the Brazilian courts which, if left uncontested, could have had serious adverse legal and economic consequences for the international shipping industry. Pursuant to the acquisition of the FPSO (Floating, Production, Storage, and Offloading vessel) OSX-3 in March 2012 by a Dutch company and following re-registration under the Liberian flag…
Trafigura to Develop Another Pakistan LNG Import Project
Swiss commodity trader Trafigura said it plans to develop its second liquefied natural gas (LNG) import terminal in Pakistan, alongside an existing project in which it has a minority stake. At a inauguration ceremony for Pakistan's second LNG import project, Pakistan GasPort Ltd (PGPL), in Port Qasim in Karachi, the trader said it would add a jetty, berth and a second floating storage and regasification unit (FSRU) to the existing facility. Trafigura expects to benefit from lower development costs by taking advantage of existing infrastructure at the site.
GulfMark Sails Out of Bankruptcy
GulfMark Offshore, Inc. said it has completed its financial restructuring plan and emerged from bankruptcy protection under chapter 11 of the U.S. Bankruptcy Code. The company’s court-approved reorganization plan went into effect November 14, 2017, and converts approximately $429.6 million of outstanding bonds into equity, and raises approximately $125 million of new equity capital. “GulfMark is now positioned as one of the best capitalized companies in the global offshore industry,” said Quintin Kneen, President and Chief Executive Officer.
Gazprom, Mitsubishi Corp. in Talks on LNG Cooperation
Gazprom said on Friday it had held talks with Japan's Mitsubishi Corp. on Friday about cooperation at the Russian gas giant's Sakhalin-2 liquefied natural gas (LNG) plant. The talks, in the Russian city of St Petersburg, were between Gazprom head Alexei Miller and Takehiko Kakiuchi, the president and CEO of Mitsubishi Corp, Gazprom said in a statement. It said the talks focussed on the planned construction of a third production train at the Sakhalin-2 LNG plant. (Reporting by Christian Lowe; editing by Alexander Smith)
Sovcomflot Reports Loss for 9M 2017
PAO Sovcomflot (SCF Group) reported a $6.8 million loss for the first nine months of 2017, citing the adverse impacts of low spot market freight rates in the conventional tanker sectors. “This year has proven to be a very challenging period for the tanker industry and the situation now faced by many conventional tanker ship owners is especially severe,” said Sergey Frank, President and CEO of PAO Sovcomflot. “An oversupply of tonnage and reduced demand, resulting from oil capacity cut-backs led by OPEC…
Liebherr: New Manipulator for Offshore Cranes
The Liebherr offshore crane division has produced and delivered a new manipulator tool with a safety working load of 100 tonnes. Using this equipment is designed to extend the task range of the Liebherr offshore cranes. Liebherr designed a manipulator for its ram luffing knuckle boom crane series to ensure safe, efficient and reliable operation. The Manipulator 100 is able to be used with either hook or crossbar function. The crossbar mode matches any operation – especially to those under bad weather conditions or to emergency operations.
Catching a Jones Act Seaman’s 'Golden Parachute'
A challenging offshore environment produces a different but equally difficult development. Will you be ready when it comes to your fleet? Unfortunately, our industry continues to suffer due to the depressed oil prices that started in 2014. When the price of oil initially dropped, the industry’s outlook remained positive, and I remember hearing the mantra: “Stay lean for 2015.” Everyone thought that oil prices would rebound in short order and that we were only weathering a short downturn.
Pakistan LNG Import Project Consortium Folds -Hoegh LNG
A consortium behind a liquefied natural gas (LNG) import project in Pakistan, including oil giant Exxon Mobil, France's Total and Qatar Petroleum, has been dissolved, shipping company Hoegh LNG said on Thursday. Hoegh LNG was due to supply the project's ship-based import terminal, a floating storage and regasification unit (FSRU), where LNG brought in by tanker is converted back to gas to feed into Pakistan's grid. The other six members of the consortium were Japan's Mitsubishi and Turkish developer Global Energy Infrastructure (GEI). "The consortium has spent considerable time and resources on finding [the project's] final form and structure.
Offshore Pipeline Standard Update by DNV GL
The most used and recognized offshore pipeline standard in the world has been updated to reflect the latest pipeline research and developments by DNV GL, the quality assurance and risk management company, and other leading industry players. The standard, previously called DNV-OS-F101 is now renamed DNVGL-ST-F101. Around 65% of all new projects globally are designed according to the standard, first issued in 1976. The new revision reflects the conclusions of joint industry projects…
Atlantic Offshore Scotland Secures Charter with Maersk Oil UK
Emergency Response and Rescue Vessel (ERRV) operator Atlantic Offshore Scotland Ltd, has secured a two-year firm charter with Maersk Oil UK. The company’s ERRV Ocean Troll, will provide Emergency Response and Rescue services for Maersk Oil’s Culzean project in the central North Sea. The Charter is the first Fire Fighting Class II (Fi-Fi II) ERRV to have operated in the UK sector. The charter commenced in July 2017 and will last for a firm period of two years, with two, one-year options thereafter.
BW Group, Mitsui Form FSRU Joint Venture
A joint venture agreement between Japan’s Mitsui & Co. and Singapore’s BW Group Limited will see Mitsui purchase a 49 percent share in the floating storage and regasification unit (FSRU) BW Integrity, while BW will maintain a 51 percent share. The deal is expected to close as soon following payment for the acquisition. BW Integrity is currently in Port Qasim on a 15-year charter to PGP Consortium Limited (PGPC), to provide LNG regasification services at Pakistan’s second LNG import terminal. BW will continue to provide commercial and technical management services.
GTT to Design LNG Tanks for New FSRU/LNG Carriers
GTT has won a contract to design the liquefied natural gas (LNG) tanks for two dual purpose vessels capable of operating as efficient LNG carriers and floating storage and regasification units (FSRUs) that are presently on order at Hudong-Zhonghua Shipbuilding (Group) Corp. These vessels will be built at Shanghai, China, for the owner Dynagas, with scheduled delivery in 2021. GTT said it will design the LNG tanks of both units, each representing a capacity of 174,000 m3.The membrane cryogenic containment system NO96 GW, with glass wool insulation, will be used for the LNG storage on board. According to GTT, there are currently 14 vessels in operation and 42 on order that use this technology.
Engines Selected for CMA CGM’s LNG Mega Ships
WinGD X-DF engines will power CMA CGM’s record setting containerships. French shipping line CMA CGM has chosen WinGD’s largest, 92 cm bore, dual-fuel low-speed engine to power its series of groundbreaking box ships – presently the largest on order globally, and the first ultra large container vessels with capable of running on liquefied natural gas (LNG). The series of nine ultra-large 22,000 TEU capacity containerships will be built at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.
Voices: Bjarne Foldager, MAN Diesel & Turbo
When Bjarne Foldager, MAN Diesel & Turbo’s Vice President, Sales & Promotion, joined the company about one year ago, he replaced an industry icon, Ole Grøne, a ubiquitous figure at MAN D&T who after 40 years has transitioned to an advisor role with the company. We caught up with Foldager in his Copenhagen office to discuss emerging market trends from the perspective of the global marine power leader. Please provide a brief background, with details of your current position. My…
Norway's Arctic Oil Plan Violates Constitution, Lawsuit Says
Norway's plan for Arctic oil exploration is unconstitutional because it violates the right to a healthy environment, a lawyer for Greenpeace and the Nature and Youth environmental group told an Oslo court on Tuesday. The case is the first of its kind in Norway and says a 2015 oil licensing round in the Arctic that gave awards to Statoil , Chevron and others violates the constitution. Norway signed the 2016 Paris accord, which aims to end the fossil fuel era this century. The country is Western Europe's largest oil producer and oil and gas are its most important exports.
Port Corpus Christi to benefit from LNG partnership with China
Port Corpus Christi officials are confident that the agreement signed between Cheniere Energy of Houston and China National Petroleum Corporation (CNPC) will bring increased traffic to the port, according to the San Antonio Business Journal. Officials from Cheniere accompanies President Trump on his tour to China and signed a Memorandum of Understanding with the Chinese company. CNPC is the largest gas and oil supplier and producer in China and is also one of the largest providers of oilfied services.
Delfin Taps China for US FLNG, but Final Investment Decision 'Challenging'
Delfin Midstream, developing the first floating facility to export U.S. natural gas, has sealed a preliminary 15-year sales deal with city gas distributor China Gas Holdings, Delfin founder and Chief Executive Officer Frederick Jones said. But industry veteran Jones told Reuters in an interview that Delfin is also tapping unnamed Chinese banks to fund its ambitious $8 billion as the current global supply overhang in liquefied natural gas (LNG), with bumper exports also expected from Australia and Qatar, makes Delfin’s target of a final investment decision (FID) in 2018 challenging.
Marine Fuels: Unmasking Gas
A primer on the way forward for alternative fuels for marine propulsion. By now, many of us have been passed by a garbage truck, taken a ride on an airport bus or hailed a taxi cab that is clearly labeled by their respective marketing departments that these vehicles are powered by clean burning natural gas. Even now in our own maritime industry, some trendy operators are looking to make the case for liquefied natural gas (LNG) propulsion systems, others are opting for hybrid-electric solutions, and some are even aiming for full electric configurations.
Skangas, Titan LNG Sign MoU
Skangas of Norway and Titan LNG based in The Netherlands have signed a Memorandum of Understanding (MoU). The two companies will cooperate on serving marine Liquefied Natural Gas (LNG) customers. For ship operators this agreement will contribute to the overall availability as well as the optimization of LNG deliveries in the wider region. Skangas of Norway and Titan LNG based in The Netherlands have signed a Memorandum of Understanding (MoU). The two companies will cooperate on serving marine Liquefied Natural Gas (LNG) customers.
Teekay’s 1st Arctic LNG Carrier Completes Trial
Teekay LNG Partners said its first icebreaker liquefied natural gas (LNG) carrier newbuild, Eduard Toll, recently completed gas trials. Eduard Toll is Teekay’s first of six 172,000 cubic meter ARC7 LNG carrier newbuildings to be constructed for the Yamal LNG project. The ARC 7 LNG carrier was launched in January this year at the South Korean Daewoo Shipbuilding & Marine Engineering (DSME) shipyard. The vessel has been designed and built to perform year-round navigation through the Arctic and has the icebreaking ability allowing it to proceed through ice up to 2.1 m thick.
Boskalis Expanding Subsea
Royal Boskalis Westminster N.V. (Boskalis) is set to expand its market position in the area of subsea services, according to its Corporate Business Plan 2017-2019. "In a persistently challenging market there tend to be interesting opportunities for anti-cyclical investments in companies or equipment that will result in Boskalis being well-positioned when end-markets recover again," it says. In mid-August Boskalis acquired subsea survey specialist Gardline, and the group recently…
CNPC, Cheniere Pact for LNG
China’s state-owned oil company, China National Petroleum Corporation (CNPC), and U.S. independent energy company Cheniere Energy have signed a Memorandum of Understanding (MoU) for long-term sales and purchases of liquefied natural gas (LNG), Reuters reported. The report quoted U.S. State Department saying that the deal between the two companies was signed during president Trump’s first state visit to China. Neither companies disclosed details of the transaction. According to CNPC…
DNV GL, Chrysaor Pact for North Sea Operations
DNV GL has secured a combined engineering services agreement with Chrysaor Holdings Ltd. to deliver a unique range of services to the company in support of its North Sea Operations. Chrysaor recently completed the acquisition of a package of assets in the UK North Sea from Shell for a price of $3.0 billion. The transaction sees Chrysaor become the leading independent E&P company in the UK. It currently has more than 400 staff working in the UKCS. Hari Vamadevan, Regional Manager UK & West Africa…
VT Halter Nabs Deal to Build LNG Bunkering ATB
As the move toward LNG as marine fuel moves foward in earnest, Singapore Technologies Engineering Ltd (ST Engineering) announced that its US shipyard, VT Halter Marine won the contract by Quality Liquefied Natural Gas Transport, LLC (Q-LNG) to build America’s first offshore Liquefied Natural Gas Articulated Tug and Barge (LNG ATB) unit. Q-LNG contracted VT Halter Marine for engineering services to complete the detailed design for the development and construction of one LNG Bunkering ATB unit. The ATB Tug will have 5,100 hp GE 6L250 MDC EPA Tier 4 main engines, with Z-drives, and dimensions of 128 x 42 x 21-ft.. The barge is designed to carry 4,000 cu. m. of LNG, and will have dimensions of 324 x 64 x 32.5 ft.
Wessels Reederei Takes the Lead on LNG Conversions
The move toward LNG as fuel is gaining momentum quickly, driven not only by newbuild installations but now by companies signing on to convert existing ships to the environmentally friendly solution. Germany's Wessels Reederei -- which was the first company in the world to convert a containership to LNG fuel, signed a letter of intent with MAN Diesel & Turbo regarding the conversion of three of its fleet to dual-fuel gas operation. The three ships are sisters to the Wes Amelie…
ABS Conducts First Hellenic Technical Committee Meeting
ABS has hosted the inaugural meeting of the Hellenic Technical Committee (HTC) at its state-of-the-art Global Ship Systems Center (GSSC). “The Hellenic shipping community possesses a wealth of engineering knowledge and we are honored to assemble such a credentialed Technical Committee,” said ABS Europe Division Senior Vice President Vassilios Kroustallis. The HTC includes more than 20 key technical professionals across the maritime industry representing owners, operators and owner associations.
Chinese Shipbuilder Wins Award for Largest Heavy Lifting Vessel
Shanghai Zhenhua Heavy Industries Company has built the largest heavy lifting vessel in the world which can carry up to 12,000 tons. The vessel, which took eight years to design and build, was awarded a special prize at the 19th China International Industry Fair in Shanghai. Seen as a symbol of China's growing engineering prowess in ocean technologies, the Zhenhua 30 was previously tested in front of representatives from ABS class society, domestic and international clients and the Chinese and Korean government. In these tests, the single boom crane was able to life 7,700 tons in revolving mode and 13,200 tons when tied back. The vessel has a 12 knot transit speed and can provide accomodation for 380 people.
Trump Signs 43 Billion Dollar LNG Deal with China
On his visit to China, President Trump reaffirmed his commitment to form agreements that reduce the trade deficit with China by signing a deal to help the LNG industry in Alaska with three Chinese companies. The deal, which could be potentially worth $43 billion, involves Sinopec, the largest oil company in China, the sovereign wealth fund and one of China's largest bank. will work together to create 12,000 jobs in Alaska. The deal has the potential to reduce the US-China trade deficit by $10 billion a year.
TOTE Invests (again) in LNG Conversions
TOTE Inc., courtesy of being the first in the world to order containerships powered by LNG, have been leaders in the push to design and build tonnage ahead of the emissions regulation curve. The company again makes headline with the announcement that TOTE Maritime Alaska has contracted MAN PrimeServ – MAN Diesel & Turbo’s after-sales division – to convert a pair of RoRo ships, North Star and Midnight Sun to dual-fuel operation on liquefied natural gas (LNG). Today the vessels are powered by four × MAN 58/64 engines and will be retrofitted to MAN 58/64 retrofit units.
Fire Shuts Shell Platform in GOM
Royal Dutch Shell Plc's Enchilada oil platform in the Gulf of Mexico has been shut and all associated production has been stopped after a fire on Wednesday, the U.S. Coast Guard (USCG) said. The Coast Guard said the fire has been reduced to a small flame from a pipe on the platform, located about 112 nautical miles south of Vermilion Bay, Louisiana. Two people were injured and the crew of 46 were evacuated to a nearby platform, the Coast Guard said, adding that there was a report of a light sheen north of the Shell platform. (Reporting by Swati Verma and Nithin Prasad in Bengaluru Editing by Marguerita Choy)
Carnival, Shell Strike Deal to Fuel LNG Cruise Ships
The move toward LNG as fuel in the maritime sector received another boost when Carnival Cruise Line announced this morning the signing of an agreement with Shell NA LNG, LLC (Shell) for it to supply marine LNG to power North America’s first fully LNG-powered cruise ships. Shell will supply Carnival Cruise Line with fuel for its two new LNG-powered ships expected to launch in 2020 and 2022 and to be homeported in North America. The two ships will be fueled through Shell’s LNG Bunker Barge (LBB).
Shell Charters LNG Bunker Barge in US
Shell Trading (US) Company announced it has finalized a long-term charter agreement with Q-LNG Transport, LLC for an LNG bunker barge with the capacity to carry 4,000 cubic meters of LNG fuel. As the first of its kind to be based in the United States, the ocean-going LNG bunker barge will supply LNG to marine customers along the southern East Coast of the U.S. and support growing cruise line demand for LNG marine fuel. "This investment in LNG as a marine fuel for the US will provide the shipping industry with a fuel that helps meet tougher emissions regulations from 2020…
Vantage Gets Extension of Contract for the Emerald Driller
Vantage Drilling International announced that it has been notified that its drilling services contract for the Emerald Driller will be extended for two years, beginning in May 2018. Ihab Toma, the Company’s Chief Executive Officer, commented, “We are very pleased that we will continue to work with one of our esteemed clients and keep our rigs working in this challenging environment. Vantage Drilling International, a Cayman Islands exempted company, is an offshore drilling contractor…
James Fisher Subsea Excavation Completes Project in Taiwan
Global subsea excavation specialist James Fisher Subsea Excavation (JFSE), a part of James Fisher and Sons plc, said it has completed its first project in Taiwan. Experts from the mass/controlled flow excavation (M/CFE) provider deployed the shallow draft Twin R2000 tool to de-bury and retrench a cable for maintenance as part of the prominent Formosa 1 wind farm development for its client, cable lay contractor Woen Jinn Harbor (WJH). The Twin R2000’s non-contact method and ability…
Shell Trading, Harvey Gulf ink LNG Transport Contract
Harvey Gulf International Marine’s CEO Shane Guidry announced today the formation of new marine transportation company, Quality Liquefied Natural Gas Transport, LLC (“Q-LNG”), owned 70% by Shane Guidry and 30% by Harvey Gulf. Q-LNG will own and operate assets providing marine transportation of liquefied natural gas (“LNG”), a critical component of U.S. LNG infrastructure, commencing with a long-term contract with Shell Trading (U.S.) Company (“Shell”) to deliver LNG as a fuel source to various ports in Florida and the Caribbean. Mr.
Op/Ed: Facts Do Matter - A Defense of the Jones Act
I recently read a story in The New Yorker – but that sounds more intellectual than what really happened, let me start over. I recently clicked a link on Facebook, which sought to explain why the term “Fake News” has become so popular. The article claimed that facts no longer matter to the average voter. As evidence (yes, the article explaining why facts don’t matter included evidence), it detailed a study whereby the subjects had been given false information, then were asked to make a choice between two options.
Offshore Center Rotterdam in Progressing
The first 30 hectares of Offshore Center Rotterdam have been completed. PUMA, a project organisation created by a partnership between Dutch hydraulic engineering firms Koninklijke Boskalis Westminster NV and Van Oord NV that focuses specifically on the expansion of the Maasvlakte site, processed 6 million m3 of sand in four months to complete the work. Only 2 million m3 of sand are now needed to raise the other 40 hectares to the required level. There is considerable interest in the centre. The Port of Rotterdam expects the first companies to establish themselves on the site in 2019.
LNG Bunkering to Grow at CAGR of 62.5% to reach USD 24.684 bln in 2023
The global LNG bunkering market is expected to witness a CAGR of 62.5%, and is projected to reach USD 24684.7 million by 2023, said a report by Energias Market Research. The key factors driving the growth of LNG bunkering market are increase in LNG demand in order to reduce the carbon footprint in the shipping industry stringent international emission policy, the best cost-effective alternative fuel and significant rise in government initiatives supporting LNG adoption. LNG Bunkering is the practice of providing liquefied natural gas fuel to a ship for its own consumption.
Teaching Energy-Efficient Ship Operation in Argentina
Maritime training institutions in Argentina are the latest to benefit from International Maritime Organization (IMO) work to help introduce the topic of energy-efficient ship operation into teaching curriculums. A workshop, taking place in Buenos Aires (2-3 November) under the Organization’s GloMEEP project is supporting maritime training institutes to deliver the IMO Model Course 4.05 to seafarers. The course consists of a series of lectures, interactive exercises and videos…
M/V Harvey Blue-Sea Delivered
Harvey Gulf International Marine has taken delivery of M/V Harvey Blue-Sea, a new large capacity, Jones Act qualified multipurpose support vessel (MPSV) from Eastern Shipbuilding Group. With the delivery of the 340-foot Harvey Blue-Sea, which follows sister vessel M/V Harvey Sub-Sea delivered in July 2017, Harvey Gulf said it now owns and operates the two largest U.S. flag construction vessels in the U.S. Gulf of Mexico. Harvey Gulf describes the new sister MPSVs as “best in class” vessels with “the technical capabilities to efficiently…
Solstad Farstad Sells AHTS Nor Star
The vessel (5.500 BHP) was built in 2005 built at Pt. Jaya Asiatic Shipyard,Batam Indonesia. Delivery of the vessel to the new owner has taken place today, Thursday 2nd November, 2017. The sale of the vessel will result in an immaterial accounting effect for 4Q 2017. Solstad Farstad is a Norwegian offshore service and supply ship shipping company that operates 50 vessels and two newbuilding CSV, including 19 construction service vessels, 22 anchor handling tug supply vessels and 9 platform supply vessels.
WWEA, IWSA to Promote Uptake of Wind Technology in Ships
The World Wind Energy Association (WWEA) has today announced a key strategic partnership with the International Windship Association (IWSA) in order to further promote the uptake of wind technology by the global shipping fleet. WWEA is a not-for-profit organisation with over 600-member organisations across 100 countries. The Association promotes the deployment of wind energy technology around the world, and, as founding member of the REN Alliance and the Global100%RE Platform, is working towards full substitution of all polluting and hazardous waste causing energies.
GasLog Updates on LNG Market
During the quarter and post quarter end, there has been continued momentum in the start-up of new LNG liquefaction capacity with the fourth train at Sabine Pass in the U.S. shipping its first commissioning cargoes in August 2017, said GasLog Partners. Sabine Pass has now shipped approximately 200 cargoes since start up in early 2016. Post quarter end, Chevron's Wheatstone LNG project in Australia started production with the first LNG shipment expected in the coming weeks. Dominion's Cove Point project in the U.S.
Are South Korean Shipbuilders Back from the Abyss?
Sparks light up the night-shift at giant shipyards on Korea’s southeast coast, as welders and fitters at some of the world’s biggest marine engineers forge next-generation container ships, oil rigs and even ice-breaking tankers in a bid to clamber out of a global industry abyss. Sunk by drastic cuts in orders from customers hit by the 2008 financial crisis, South Korea’s shipping landscape has been littered with bankruptcies and billion-dollar losses. But some, like Busan’s DSME, are adding innovation to craftsmanship to tap new demand for nimbler ships and offshore energy platforms.
Wison, KBR Team up for FLNG Project
Wison Offshore & Marine said it has signed a memorandum with KBR, Inc. for cooperation on a 1.5 MPTA floating liquefied natural gas (LNG) liquefaction unit (FLNG) in Southeast Asia. The companies will collaborate on a mutually exclusive basis for Kumul Petroleum Holdings Limited's FLNG project in Papua New Guinea.
Rosneft, NIOC Ink Cooperation Deal
Russian oil producer Rosneft and the National Iranian Oil Company (NIOC) have agreed an outline deal to work together on a number of “strategic” projects in Iran together worth up to $30 billion, Reuters reported quoting Rosneft’s head Igor Sechin as saying. The potential collaboration with Iran would further strengthen Rosneft’s position in the Middle East, the company having already secured a number of deals in the region, including the acquisition of a majority stake in Iraqi Kurdistan’s main oil pipeline.
MOL, China COSCO Shipping Own 4 LNG Carriers Yamal LNG
Mitsui O.S.K. Lines (MOL) announced that China COSCO Shipping Corporation Limited will take an equity stake in the MOL wholly owned subsidiary that will own four LNG carriers serving the Russia Yamal LNG project. The ownership will be split 50%-50% between MOL and China COSCO Shipping. MOL has already signed long-term charter contracts for the four LNG carriers through its wholly owned company. This is the fourth joint LNG project involving MOL and China COSCO Shipping, following one for ExxonMobil (a total of four vessels were delivered from 2015 through 2017)…
Voices: John Haeflinger, Carnival Corp.
While the cruise industry grows globally in earnest, this maritime niche is under the microscope like no other, operating high profile, high design billion dollar ships in and out of some of the most pristine places on the planet. Tasked to keep the company’s ships running efficiently and environmentally sound is John Haeflinger, VP of maritime policy and analysis, who directly oversees the sustainability team at Carnival Corp. Haeflinger shares with Maritime Reporter & Engineering News his insights on the tech and technique to keep today and tomorrow’s fleet running clean and efficient.
Wheatstone LNG Facility Exports First Cargo to Japan
Australia's Wheatstone liquefied natural gas (LNG) project, after starting production earlier this month, has shipped its first export cargo to a buyer in Japan, majority owner and operator Chevron Corp said on Tuesday. Wheatstone is the sixth out of eight projects in a $200 billion Australian LNG construction boom that is now in its final stretch. The two remaining project due to for start-up are Royal Dutch Shell's Prelude floating LNG project and Ichthys, led by Japan's Inpex.
DONG Energy Chooses Esvagt Castor for Hornsea One
DONG Energy has chosen Esvagt as partner in establishing the first offshore wind farm to break the 1 gigawatt barrier; the 1,200 mW offshore wind farm, Hornsea 1, off Grimsby in the UK sector of the North Sea. The 'Esvagt Castor’ will work as standby vessel and man overboard rescue vessel during the building of the offshore wind farm, which currently consists of a meteorological mast and half a dozen buoys and which, in 2020, will supply CO2 neutral power to around 850,000 homes.
Swire, Siem Sign Vessel Bareboat Charter
Swire Seabed has signed a three year bareboat charter with Siem Offshore for the LCV Siem Stingray. The vessel, which will be re-named Seabed Stingray, is an Inspection, Maintenance and Repair (IMR), Construction and Survey vessel of the VARD design. She is 120.90 metres in length with a deck space of 1350 m² and is equipped with a 250 tonne offshore crane. She will also have two heavy duty work class ROVs. The contract will see Swire Seabed operate the vessel in the IMR, Construction Support and Renewable sectors, with a particular focus on North European and West African markets.
Sojitz Buys Spanish LNG Terminal
Japan's Sojitz Corporation has acquired full ownership of First State Regasificadora (FSR), subsequently changing the company’s name to Sojitz Regasificadora (SR). SR owns a 15% stake in Regasificadora del Noroeste (Reganosa), whose assets include the LNG terminal located in Mugardos, located in the northwest of Spain. This makes Sojitz Corporation (Sojitz) the first Japanese trading company to enter into the LNG terminal business in Europe. Reganosa commenced operations at the Mugardos LNG Terminal in 2007.
Diamond Offshore Shares Buoyant
As the offshore energy market continues to search for signs of recovery, latest news from Diamond Offshore points to better times ahead. On Monday, October 30, 2017 Diamond Offshore reported better-than-expected quarterly profits, in part driven by additional deals won for its deep-water drilling rigs at better rate, sending its shares up 8.3% at the time of reporting.. While Diamond Offshore CEO Marc Edwards was not prepared to call the bottom of the market, the news certainly bodes well for a global industry collectively looking for any light at the end of a nearly four year oil downturn turnnel. "The number of tenders has increased, albeit from a very low platform and customer inquiries have picked up, although also starting from a low base.
ABS Issues Industry’s First Managed Pressure Drilling Notation
ABS, a leading provider of classification and technical services to the marine and offshore industries, issued a managed pressure drilling (MPD) notation to Seadrill’s West Capella ultra-deep water drillship, demonstrating system compliance with the ABS Guide for Classification and Certification of Managed Pressure Drilling Systems (MPD Guide). “As the industry drills in ever more complex and challenging environments it is essential to integrate MPD technology with existing systems – safely – to improve efficiency and effectiveness…
GTT Bags Samsung Heavy Order for FSRU
GTT, leading engineering company in containment systems for the shipping and storage in cryogenic conditions of LNG (liquefied natural gas) announces a new order from South Korean shipyard Samsung Heavy Industries (SHI) regarding a Floating Storage and Regasification Unit (FSRU). GTT will design the LNG integrated tanks. Its delivery is scheduled in late 2020. This contract is the sixth FSRU order obtained by GTT this year. GTT has already managed the new build of over 40 LNGC and FSRU.
Wison Inks LNG Tie-up with GTT
China’s Wison Offshore & Marine has signed a strategic cooperation agreement with GTT, a provider of design and engineering of containment systems for maritime transportation and storage of LNG. Pursuant to the agreement, both parties will conduct a cooperation work on various LNG projects, such as LNG Carrier, LNG FSRU (Floating Storage Regasification Units), FLNG (Floating LNG unit) or other LNG floating unit with GTT membrane tanks. The cooperation with GTT will help to strengthen Wison’s position in offering clients floating LNG products in full range of capacities.
Spot LNG Shiping Fleet's Operating Loss US$230m in 2017
The pressure on LNG shipping spot rates will continue for another year on account of strong fleet growth. However, rates should strengthen from 2019 as fleet growth slows and trade remains strong, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry. Spot rates (East of Suez) for modern LNG vessels averaged $33,000pd in the nine months to September 2017, an increase of 5% compared with the same period last year. While current spot rates are enough to cover operating costs of around $15…
Vietnamese Boat Refugees, Rescuers Reunited at SUNY Maritime
Five years after the U.S. withdrew from Vietnam, life was unbearable for those who fought beside their American allies. Seven-year-old Lauren Vuong and her family had no choice but to escape. They left under the cover of night, cramming 62 people into a small wooden boat in a life or death gamble. After 10 days of storms, they were lost at sea and nearly out of food, water and fuel. In those waning hours of hope, the American-flagged LNG Virgo spotted and rescued them. For the past 20 years, Vuong has been searching for the crew of the LNG Virgo, the ship that rescued her and 61 others.
Exmar in Talks to Supply FLNG Vessel for Iran Project
Belgium's Exmar is in negotiations for the use of its floating liquefied natural gas vessel Caribbean FLNG (CFLNG) for an Iranian export project, the company told Reuters on Thursday. The barge-based liquefaction facility, delivered to Exmar earlier this year, was initially destined to go to Colombia, but remains unemployed after its contract was terminated. The National Iranian Oil Company (NIOC) said in a statement on its website it would supply natural gas for the project, led by Norway's IFLNG, and that it expected to use the Caribbean FLNG vessel.
Shipping Companies May Adopt LNG Faster Than Expected
Infrastructure among top hurdles for LNG marine fuel adoption. The shipping industry may adopt liquefied natural gas (LNG) as a fuel faster than expected because of stricter environmental regulations that target carbon dioxide emission, according to an executive at maritime agency Bernhard Schulte Shipmanagement (BSM). The Energy Efficiency Design Index (EEDI) regulation enacted by the International Maritime Organization (IMO) in 2013 will require newly built ships to emit less carbon dioxide (CO2) and that will drive shippers to move toward LNG as a fuel when placing orders for new vessels…
Akastor, Mitsui Seek To Expand Partnership
Akastor ASA (AKA), an oil service investment company, announced that it is in advanced discussions with Japan-based Mitsui & Co to further expand their current partnership to include AKOFS Offshore (AKOFS). The parties have entered into a Memorandum of Understanding (MoU). As per the MoU, Mitsui, together with potential partners, will invest in AKOFS by purchasing 50% of the shares in the company to form a new 50-50 joint venture. The Transaction is expected to result in an initial net cash release to Akastor of approximately USD 142 million for the shares in AKOFS…
Biggest LNG Vessel Sails to Turkey
The world’s biggest specialized vessel to import liquefied natural gas (LNG) is scheduled to be operational in November to contribute to Turkey's energy supply security, Bloomberg reported. The MOL FSRU Challenger, as long as the Eiffel Tower, is expected to arrive from South Korea this month and start by year-end. Last winter, a cold snap gripped the whole region, including Iran, where Turkey gets some of its gas from. That meant the nation couldn’t get hold of enough fuel to meet its booming gas demand and the grid asked private power plants to reduce fuel demand by as much as 90 percent.
Go Marine Files for Administration
Australian offshore support vessel owner-operator Go Marine Group Pty Ltd has filed for administration after suffering a $50 million financial collapse, The West Australian reported. A notice filed with the Australian Securities and Investment Commission showed that Go Marine and its subsidiary Go Offshore Pty Ltd filed for administration on October 20. The board of Australia's only integrated marine oil and gas logistics provider appointed administrators from KordaMentha last Friday to the company, which is owned by Singapore’s Otto Marine.
US Marine Sanctuary Oil Drilling Report Sent to Trump, Not Public
U.S. Commerce Department Secretary Wilbur Ross sent a report to the White House on Wednesday containing recommendations on whether to change the boundaries of 11 marine sanctuaries to allow more oil and gas drilling, but the report was not made public. Commerce reviewed sanctuaries containing 425 million acres of coral reefs, marine mammal habitats and pristine beaches, as part of an administration strategy to open new areas to oil and gas drilling. The goal was to “put the energy needs of American families and businesses first,” according to the order Trump signed in April that triggered it.
Brazil Delays Estimate for First Oil Cargo from Libra
Brazil on Wednesday pushed back its forecast for a first oil shipment from its promising offshore Libra prospect to the first quarter of next year, months after its previously projected October 2017 estimate made in May. Hercules Tadeu F. da Silva, contract management director at Brazil's state-run Pre-Sal Petroleo SA, a company created to help guide development of Libra, declined to explain the cause of the delay. (Reporting by Simon Webb)
Aerial Drones Take Flight in Maritime
Flights of Fancy? No longer a pipe dream, aerial drones find a home in maritime. Price Waterhouse Cooper estimates the global commercial drone market at $127 billion. Shipyards, offshore wind-farm developers, cruise lines, blue water cargo agencies, maritime marketing departments, first responders, admiralty lawyers, shore-to-ship package couriers, insurers, classification societies, salvors, container ports and the military are all using or actively exploring drones to accomplish tasks heretofore impossible without greater risk or cost.
Newbuild Rescue Vessel Bound for Breagh Field Deployment
A new multi-role emergency response and rescue vessel (ERRV) built by Aberdeen-based Sentinel Martine as part of a £110 million ($145 million) investment has been deployed to operations in the southern North Sea. Forties Sentinel was officially named at a ceremony in Great Yarmouth. Forties Sentinel has been contracted to INEOS Breagh to provide support for the firm’s production facilities in the Breagh gas field. INEOS has also chartered a second ERRV from the Sentinel Marine fleet – Sentinel Ranger – for the field.
Hess Corp Sells Offshore Equatorial Guinea Assets
Hess Corporation has entered into an agreement to sell its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective January 1, 2017. “This sale is a further step in our strategy to focus our portfolio by investing in higher return assets and divesting more mature, higher cost assets,” CEO John Hess said. “Proceeds from asset sales, along with cash on our balance sheet, are expected to fund the development of our truly world class investment opportunity offshore Guyana.
LNG: Maritime's 'Fuel of the Future'
As the maritime world increasingly mulls alternative fuel and propulsion solutions, Maritime Reporter & Engineering News discusses the path ahead for (liquefied natural gas (LNG) with Timo Koponen, VP, Flow & Gas Solutions, Gas and LNG, Wärtsilä. The road toward acceptance of LNG as marine fuel has neither been short nor straight, but anyone who knows this market could not reasonably expect anything different. “Even though it (LNG) is very well proven both from the technology side and its benefit to the environment, nevertheless there are too many people who still doubt,” said Koponen.
New LNG Carrier for Ichthys LNG Project Named
A new vessel built for carrying liquefied natural gas (LNG) from the Ichthys LNG Project in Darwin, Australia to Naoetsu, Niigata has been named at the Mitsubishi Heavy Industries, Ltd. (MHI) Nagasaki Shipyard. The LNG carrier was named Oceanic Breeze by Toshiaki Kitamura, President of INPEX Corporation (INPEX), whose fully owned subsidiary INPEX Shipping Co., Ltd. will time-charter the ship. Oceanic Breeze, owned by Oceanic Breeze LNG Transport S.A. (OBLT), a 30/70 joint venture between Inpex Shipping and Kawasaki Kisen Kaisha, Ltd.
UK Electronic Solutions Inks Deal with Dalby Offshore
UK Electronic Solutions, (part of the NSSLGlobal group), said it has signed a contract with Dalby Offshore to install its motion and impact monitoring system, Oceanic Dynamics, on an additional three crew transfer vessels (CTVs). This follows a successful trial of the system on board Dalby Offshore’s largest CTV, the Dalby Ouse. Dalby Offshore’s 10-strong fleet primarily supports offshore wind farms, working with companies such as VBMS, SSE Dong Energy, Siemens and RWE Statoil, to move equipment and engineering crews as required. At 26 meters long, the Dalby Ouse catamaran is not only the largest CTV in Dalby’s fleet, it also has the largest engines and waterjets of any CTV in the U.K.
GTT Wins Prelude FLNG Work
France's GTT has won a contract to provide membrane cargo containment system services to Shell's Prelude floating liquefied natural gas (FLNG) facility in the Browse basin off western Australia. The contract will provide support for the engineering, inspection, maintenance as well as testing of the containment system. The Prelude FLNG facility recently arrived at its location 475 km northeast of Broome where the hook-up and commissioning phase of the project is underway. Prelude FLNG has a liquefied gas storage capacity of 326,000 m3.
WER 2018 Floating Production Systems Forecast
World Energy Reports’ (WER) 2018 Forecast Report, the 21st in a series of forecasts dating from 1998, presents projection of floating production system orders over the next five years. The 102-page report provides market intelligence and insights useful to business planners and others involved in deepwater development. First we present our assessment of the underlying deepwater market conditions likely to prevail over the 2018/22 time frame. Then we provide our forecast of orders for FPSOs, FPUs, FLNGs, FSRUs and FSOs under three market scenarios.
FPSO Moored at Catcher Field
Premier Oil’s Catcher project remains on pace to achieve first oil before the end of this year with the arrival and hook up of the Floating Production Storage and Offloading (FPSO) vessel BW Catcher last week in the U.K. North Sea. BW Catcher arrived at the Catcher field on October 18, and the hook up of the Submerged Turret Production (STP) buoy mooring system was completed on October 19 with the vessel completing a rotation test around the buoy on October 20, Premier Oil said. Final pull-in of the risers and umbilicals is underway, and commissioning activities have commenced in parallel.
Nakilat Net Profit Down for the Last Nine Month
Qatar Gas Transport Company (Nakilat), the largest LNG ship owner in the world, concluded its financial results for the nine-month period ended 30 September 2017, with a net profit of QR 607 million compared to QR 749 million of the same period last year in 2016. The lower profit was mainly attributed to the effect of changing the estimated scrap value of vessels in accordance with applicable International Accounting Standards and the lower number of charter hire days in the current period compared to the same period last year (2016 was a leap year).
Shuttle Tankers - Safe, Flexible, Efficient
Shuttle tankers are an alternative to subsea pipelines. Typically for large water depths. For harsh weather operation the use of shuttle tankers is a necessity. DNV GL has incorporated the latest findings related to their design, operation and safety in an updated shuttle tanker paper. Shuttle tankers transport crude oil from offshore oil fields to terminals where use of subsea pipelines are not feasible. Major deployment areas include the North Sea and the Brazilian offshore fields. The global fleet has been growing steadily for decades, comprising 88 ships by the end of 2016.
Wärtsilä Inks Maintenance Deal with GasLog
Wärtsilä said it has signed an engine maintenance agreement with Monaco-based GasLog LNG Services, covering eight LNG carriers operating on Wärtsilä dual-fuel engines. The agreement, effective as of October 1, 2017, consists of Dynamic Maintenance Planning (DMP), technical support, secured availability of spare parts and specialized technical personnel around the clock as well as constant performance monitoring. Wärtsilä's digital services enable remote troubleshooting and tuning of engines as well as software updates.
The Nautical Safety Profile
MARIN is working together with the industry to develop the Nautical Safety Profile for operations and risk management. Liquefied natural gas (LNG) is increasingly being used as an alternative fuel, both at sea and on land, to reduce pollution from transportation. In 2011 the first LNG carrier arrived at the Rotterdam Gate terminal, and last year the terminal was upgraded to facilitate the transfer of LNG to shuttle tankers. An extensive safety analysis was carried out prior to the development of the terminal and a dedicated harbor access policy has been defined.
BP’s LNG Carrier Fleet is Growing
BP said it will take delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers in 2018 and 2019 to support its expanding global LNG portfolio. BP’s finance partners KMarin and ICBC Leasing are investing more than $1 billion in the tankers. The vessels will join BP’s exixting fleet to help service a 20-year liquefaction contract with the Freeport LNG facility in Texas, as well as other international LNG projects in BP’s global portfolio. “These vessels will significantly increase BP’s ability to safely transport LNG to anywhere in the world, directly supporting BP’s global natural gas strategy,” said BP Shipping CEO Susan Dio. The new ships are designed to be about 25 percent more fuel efficient than their predecessors, BP said.
FPSOs: New Storage Tank Explosion Frequencies
The fatal explosion in the pump room on the Brazilian FPSO Cidade de São Mateus in February 2015, demonstrated the potential for major accidents on this type of unit. Although there has never been an explosion in the oil storage tanks of an FPSO, there is a potential for such an event and offshore operators should assess the risks of such events to design against them. It is therefore imperative that risk assessments of FPSOs address this type of event. For this, they need to estimate its annual likelihood of occurring.
SEA-3250-LT: Innovation in Offshore Wind Installations
GustoMSC is targeting the burgeoning U.S. offshore wind energy market with an innovative jack-up design that it claims will help to reduce risk and increase efficiency when installing units offshore: the SEA-3250-LT installation jack-up. Designed to be a safe, stable and solid platform to lift these heavy, delicate components to heights of more than 426 ft (130 m) in an area where technicians are performing assembly tasks at the same time. GustoMSC plays a pioneering role in the offshore wind installation market…
ARO Drilling Commences Operations
ARO Drilling, a 50/50 joint venture between Rowan Companies plc and the Saudi Arabian Oil Company (Saudi Aramco), commenced operations on October 17, 2017. As part of the initial startup of ARO Drilling, Rowan and Saudi Aramco contributed equal amounts of cash into the joint venture. Following these contributions, Rowan sold three of its jack-up drilling rigs to ARO Drilling, including the J.P. Bussell, which was previously idle, and Saudi Aramco sold one of its jack-up drilling rigs to ARO Drilling. Following the purchase of these drilling rigs, ARO Drilling distributed excess cash in the amount of approximately $88 million to each of Rowan and Saudi Aramco maintaining each party's 50% ownership interests in the joint venture.
Dordrecht Inland Seaport to Get LNG Bunker Station
The Port of Rotterdam Authority wants a new multi-fuel bunkering station for refuelling with LNG and other cleaner fuels. The anticipated location of the bunkering station is Krabbegors/Duivelseiland at Dordrecht Inland Seaport. The Port of Rotterdam Authority and PitPoint.LNG have therefore signed a declaration of intent regarding a joint investigation into the construction of such a multi-fuel bunkering station. “As operator of Europe’s largest port, the Port Authority sees…
Ocean Rig Withdraws Winding Up Petition
Ocean Rig UDW Inc., an international contractor of offshore deepwater drilling services, has announced that pursuant to an order of the Grand Court of the Cayman Islands Simon Appell of AlixPartners Services UK LLP and Eleanor Fisher of Kalo (Cayman) (formerly AlixPartners) have been discharged as joint provisional liquidators of the Company and its subsidiaries. The subsidiariesare Drill Rigs Holdings Inc. (DRH), Drillships Financing Holding Inc. (DFH), and Drillships Ocean Ventures Inc., (DOV) and together with UDW, DRH and DFH, the Scheme Companies.
Wärtsilä Dual-fuel Engines for LNG Carrier Newbuilds
Wärtsilä, through its joint venture company CSSC Wärtsilä Engine (Shanghai) Co (CWEC), has been contracted to deliver 16 engines for four new LNG carrier vessels being built at the Hudong Zhonghua shipyard in China. The order was booked in August 2017. Each of the four 174,000 m3 capacity vessels will be fitted with four Wärtsilä 34DF dual-fuel generating sets running primarily on LNG fuel to provide the ships with auxiliary power. Their total power output will be 56 MW. Among the reasons given for the Wärtsilä 34DF engine being chosen for these ships were its proven reliability…
World’s First Floating Wind Farm Starts Production
The world's first offshore floating wind farm has started to deliver electricity to the Scottish grid, providing power to approximately 20,000 households. The 30MW Hywind Scotland wind farm, operated by Statoil in partnership with Masdar 25 kilometers offshore Peterhead in Aberdeenshire, Scotland, was officially opened today by First Minister of Scotland, Nicola Sturgeon. “This marks an exciting development for renewable energy in Scotland,” First Minister Sturgeon said. “The learnings from Hywind Scotland will pave the way for new global market opportunities for floating offshore wind energy.
Wood Wins LNG Platform FEED Contract
The Honghua Group Limited has awarded a $12 million front-end engineering design (FEED) contract to Wood for its liquefied natural gas (LNG) platform development in the West Delta area of the Gulf of Mexico. The main objective of the FEED is to finalize the design of the world’s first offshore platform-based natural gas liquefaction and storage facility. Wood recently completed the pre-FEED for this project. Wood’s scope of work includes the onshore gas pre-treatment plant configuration and layouts…
Transocean Wins BHP Work
Transocean announced that the ultra-deepwater drillship Deepwater Invictus was awarded a two-year contract plus three one-year priced options with a subsidiary of BHP Billiton. The backlog associated with the firm contract is approximately $106 million. The contract is expected to commence in the second quarter of 2018. “We are extremely pleased to continue working with BHP,” said President and Chief Executive Officer Jeremy Thigpen. “Since we welcomed the Invictus into our fleet in 2014…
First phase of DNV GL Led Offshore Cable and Pipeline Project completed
The first phase of the DNV GL’s Joint Industry Project (JIP) which focuses on the development of a new design and certification standard for equipment for pipeline and cable offshore operations has been completed. "The JIP, focussing on the development of a new design and certification standard for equipment for pipeline and cable offshore operations, aims to reduce uncertainty, cost, increase efficiency and safety throughout the lifecycle of the equipment," said a press release.
DNV GL, Taiwan Pact for Offshore Wind
DNV GL, the world’s largest resource of independent energy experts and certification body, has signed an agreement with leading Taiwanese stakeholders to collaborate on offshore wind testing and certification to drive the expansion and facilitate the development of offshore wind in Taiwan. The regulations for certification will be headed by the Bureau of Standards, Metrology and Inspection since it has been designated by the highest authority in Taiwan. Taiwan is one of the rising offshore wind markets in the world.
Solstad Farstad Sells 22-year-old PSV
Farstad Marine AS, a wholly owned subsidiary of Solstad Farstad ASA, said it has sold the 1995-built platform supply vessel (PSV) Far Service. The 4,683 DWT vessel was delivered to its new owner October 3, 2017. Solstad Farstad said the sale will result in an immaterial accounting effect for Q4 2017.
Search Suspended for Worker Missing in US Oil Platform Blast
The U.S. Coast Guard has suspended the search for a worker missing from an oil production platform in Louisiana's Lake Pontchartrain that exploded and caught fire late on Sunday. Missing is Timothy Morrison, 44, of Katy, Texas, the Coast Guard said in a statement. Seven other workers were sent to hospital with injuries in the incident. "The decision to suspend a search is never an easy one," Commander Zac Ford said in the statement. Coast Guard rescue crews battled 4 foot to 5 foot (1.2 meter to 1.5 meter) waves during the search, and a helicopter joined them at daybreak after overnight efforts failed to locate Morrison, officials said at a briefing on Monday.
Semi-submersible Crane Vessel Hermod Retired
Heerema Marine Contractors said its semi-submersible crane vessel Hermod will retire at the end of this year after nearly 40 years of operational performance. Designed and constructed in the 1970s, Hermod and sister vessel Balder were the first semi-submersible crane vessels of their kind in the offshore construction industry. The semi-submersible concept was developed with the aim to extend the operability in the harsh North Sea environment and furthermore to deliver superior lifting capacity.
Interferry Conference Reviews Issues with Financial Impact
The challenges and opportunities posed by alternative fuels, safety management and social media dominated Interferry’s 42nd annual conference in Split, Croatia, where a record 370 delegates shared insights on ship technologies, safety issues including cyber security and the customer experience. Attendance at last week’s conference represented 210 ferry operators and suppliers from 27 countries. Mediterranean ferry operators voiced their concerns on meeting the 0.5 percent sulphur emissions cap due in 2020. Minoan Lines managing director Antonios Maniadakis complained that using low sulphur fuel would increase costs by €2 million per year.
Venkatraman Sheshashayee Resigns as CEO of Miclyn Express
Venkatraman Sheshashayee (Shesh), Chief Executive Officer of Miclyn Express Offshore (MEO), will relinquish his position at the end of March 2018. Shesh joined MEO in 2014. He was responsible for the promotion, development and extension of the business of the Group as well as the overall management of the Group’s operations. Shesh’s intention was to serve as CEO for three years and thereafter pursue non-business interests. In this regard, Shesh has confirmed that he will relinquish his position as CEO at the end of March 2018.
MOL Names Newbuilding LNG Carrier 'Energy Liberty'
Mitsui O.S.K. Lines (MOL) has announced that on October 16, a naming ceremony for a newbuilding LNG carrier, jointly owned by MOL and Tokyo LNG Tanker, was held at the Tsu Shipyard of Japan Marine United Corporation. Among the crowd of well-wishers on hand for the ceremony were Tokyo Gas Co., Ltd. President Michiaki Hirose, who gave the name Energy Liberty to the vessel, after which his wife cut the rope. The Energy Liberty will be the eighth LNG carrier owned and managed by Tokyo LNG Tanker. MOL will directly manage six of those vessels, including this newbuilding vessel.
Rigdon Named Interim CEO at Tidewater
Larry T. Rigdon will serve as interim president and chief executive officer (CEO) of Tidewater Inc. while a search committee seeks a permanent successor to Jeffrey M. Platt, who has elected to retire from his role as director, president and CEO of offshore service vessels (OSV) owner and operator effective October 15, 2017. “Having successfully completed the financial restructuring of Tidewater at the end of July, which positioned the company to weather current industry conditions and achieve success in the future…
SUNY Maritime College to Host LNG Conference
As demand for liquefied natural gas (LNG) grows, so does the need for LNG carriers. Many shipping companies in recent years have placed orders for LNG ships, and shipyards are busy building them. The maritime industry is also exploring ships powered by natural gas, rather than more traditional sources. To address this topic, SUNY Maritime College will host a conference, LNG: Not just a cargo, on Thursday, November 2. The conference will include presentations and panel discussions from a wide variety of maritime companies…
Coast Guard Responds to Oil Platform Blast
The U.S. Coast Guard is coordinating search efforts for a missing man after an explosion on an oil platform in Lake Pontchartrain near Kenner, La., Sunday evening. Coast Guard Sector New Orleans received a report from a witness at approximately 8 p.m. of an oil platform explosion. The cause of the incident is unknown. It was reported by one of the platform workers that eight people were aboard at the time of the explosion, and one person did not make it to shore. Of the seven people who made it to shore, six were taken to the hospital. The Coast Guard and partner agencies continue to search for the missing man. Following the initial report…