At these difficult times when companies involved in the offshore industry are cutting jobs across the board as one of the ways to preserve cash, there's one offshore vessel operator that, while indeed cutting salaries, is keeping the jobs in place.Esvagt, the Danish provider of emergency response and rescue vessels (ERRV) and service operation vessels (SOV) to the offshore energy industry
The U.S. Coast Guard is giving additional time for vessels impacted by the COVID-19 pandemic to comply with regulations requiring ballast water treatment systems (BWTS) to be installed on board.Recognizing the impact of public health policies and the importance of a the continued flow of maritime commerce, the Coast Guard said vessels with BWTS compliance dates before April 1
Wärtsilä announced it will reorganize its marine business into three independent entities, with the objective to accelerate strategy execution and simplify the business structure.The new businesses, consisting of Marine Power, Marine Systems and Marine Voyage, will be operational as of July 1, 2020.
A large passenger vessel has become the industry’s first to achieve system compliance under classification society DNV GL’s framework for integrated cybersecurity.Today's vessels are increasingly fitted with integrated automation systems and digital solutions. And as vessels’ systems gorw more connected than ever before, new security threats areise
There’s a barge full of reasons why many operators turn to ATBs.A mainstay of the U.S. coastwise dirty and refined products trades, articulated tug barges (ATB) have increasingly filled a void left as the fleet of Jones Act tankers (with crew complement requirements exceeding that of tugs) has aged out.
The Netherlands-based Mammoet confirmed it has completed its acquisition of UK-based rival ALE, creating the industry’s largest engineered heavy lifting and transport services provider.The businesses will operate as one company under the Mammoet brand with more than 140 offices and branches worldwide, Mammoet said in a press release on Wednesday.
Danish tanker owner and operator Maersk Tankers is set to add 11 ships to its managed fleet in a deal with BP Shipping and ICBC Financial Leasing.Under the terms of the agreement, Maersk Tankers will take each vessel from the owner under a bare-boat charter arrangement, which it will then hire out to BP under a time charter deal for a period of three years.
AET, a petroleum tanker owner and operator, has named its newest vessels, two of the world's first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs). The vessels, the cleanest DPSTs ever built, will emit 40-48% less carbon than equivalent vessels built in 2008, meeting the International Maritime Organization's (IMO) target of reducing carbon (CO2) emissions by 40% against 2008 baselines
Japanese shipping company Nippon Yusen Kaisha (NYK) held its annual Dry Bulk Safety Conference at the company’s headquarters in Tokyo to share safety awareness and review trouble response for dry bulk vessels.A total of 75 participants from 41 Japanese shipowners and ship-management companies attended.
The Greek seaborne shipping and logistics company Navios Maritime Holdings sold its ship management division and certain general partnership interests to N Shipmanagement Acquisition Corp. (NSAC), affiliated with company’s chairman and chief executive officer, Angeliki Frangou.The provider of transport and transshipment of drybulk commodities received aggregate consideration of $20.
ABB was contracted to deliver integrated vessel systems to two dredgers being built by Keppel Offshore & Marine for Van Oord, a key contract win for a new market: specialized dredgers.This is ABB’s largest dredging vessel project for a European end customer, a contract that covers integrated electrical power, automation, control and navigation packages for a pair of 10,500 cu. m.
The IMO January 2021 deadline for shipping interests to incorporate cyber risk management into their existing Safety Management Systems is fast approaching. It is critical that stakeholders understand their vulnerabilities. The IMO has issued MSC-FAL.1/Circ.3 guidelines on maritime cyber risk management that does a good job of outlining the many vulnerable systems within marine operations