As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3.8 bcfd of gas) of FPS throughput capacity sanctioned year to date (YTD).
Rarely does a vessel come along with the potential to radically change the way an industry operates, but one such vessel is set to hit the water in 2023.This new vessel, a towboat named Hydrogen One, is being developed by Louisiana-based Maritime Partners, the largest lessor of marine equipment in the U.S.
ClassNK issued an Approval in Principle (AiP) for an ammonia floating storage and regasification barge (A-FSRB) jointly developed by NYK Line, Nihon Shipyard Co., Ltd. (NSY), and IHI Corporation (IHI), reportedly the world's first AiP for A-FSRBs handling ammonia as cargo.Ammonia, which does not emit CO2 during combustion
The Sailors’ Snug Harbor (SSH) is a charity based out of New York that provides assistance to retired merchant mariners. In 2022, SSH helped more than 400 mariners in 33 states and Puerto Rico. SSH helps mariners live more comfortably by assisting them with their living expenses such as rent, mortgages, and utilities. SSH also helps them find other assistance and local services.
U.S.-based marine services company TDI-Brooks announced it was awarded geophysical, geotechnical and benthic sampling survey campaigns to study seabed conditions within the project lease area and potential export cable corridors for offshore wind farms off the U.S. East Coast. TDI-Brooks said it expects to begin the program in April and will continue through summer 2023 with two to three vessels
Seattle-based naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) last week unveiled the design for a new barge engineered to offer power and charging to vessels in ports and harbors.Delivering 7 megawatts (MW) of continuous power generated by methanol, the 225-foot-long floating mobile platform is capable of cold ironing to minimize emissions from large vessels both
The Port of Corpus Christi has become the first port in the state to obtain the Texas Cyberstar Certification, issued by the Texas Department of Information Resources (DIR).The Cyberstar Certificate Program was launched in May by the Texas DIR to recognize public and private organizations in the state that voluntarily meet specific criteria for cybersecurity best practices.
Classification society ClassNK has released its Guidelines for Direct Load Analysis and Strength Assessment (Edition 2.0), which clarifies the requirements for more rational structural design reflecting the latest structural strength assessment methods based on R&D outcomes.ClassNK’s Rules and Guidance for the Survey and Construction of Steel Ships and IACS CSR stipulate that hull strength
Maritime Partners, LLC, through its managed funds, has agreed to acquire M/G Transport Holdings LLC, from Auxo Investment Partners LLC and its affiliates. Terms of the transaction were not disclosed, and completion of the acquisition is expected in the third quarter of 2022 subject to customary closing conditions, including receipt of regulatory approvals.
The Shearer Group, Inc. (TSGI) announce it has been awarded another five-year indefinite deliverable contract with the Texas Department of Transportation (TXDOT).The Houston-based naval architecture and marine engineering firm will provide engineering services required for the preparation of plans, specifications and estimates (PS&E)
HII announced on Monday that Henry Choi has joined its Mission Technologies division as vice president of business development for cyber, electronic warfare (EW) and space.Choi is responsible for driving business growth, strategy and customer engagement for HII’s full-spectrum cyber, EW and space capabilities that address today’s rapidly changing, multi-domain global security threats.
Marine data acquisition services company TDI-Brooks announced it has named Rich Hendren Ph.D. to its executive leadership team as Vice President of Operations Integrity and Quality DevelopmentHendren retired from the U.S. Navy after over 30 years of service in submarines, submarine support and shore installation management.