Valaris, the world's largest offshore drilling company by fleet size, is set to lose one of the most lucrative contracts in the offshore drilling industry today after it recently accidentally dropped a blowout preventer stack to seabed offshore Angola.The contract, at a day rate of $620,000 per day, is with the French oil major Total for the drillship Valaris DS-8.
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.
Encouraged by the success of a hybrid drives program, Siemens is going all out in Norway to automate production of that core marine energy storage enabler, the lithium battery. Offshore service vessel charterers, rig owners, ferry operators and ship owners are the target market. Trondheim’s technical university and a recent history of hosting battery makers and system integrators has made it
The U.S. towing and tug business is 5,500 boats, more than 31,000 barges with an estimated total impact on U.S. GDP of $33.8 billion.“At a macro level, the bigger ships are causing downward pressure on the ship assist business because there are fewer ship calls given the increased capacity of these vessels.
South Korean shipbuilder Samsung Heavy Industries Co. (SHI) has agreed to pay $75 million in penalties to avoid prosecution in the United States over its scheme to pay millions of dollars in bribes to Brazilian officials to win a contract.“Samsung Heavy Industries paid millions of dollars to a Brazilian intermediary
American, Australian-Domiciled global ship building company Austal Limited said that its latest USA-made Navy vessel was officially christened during a ceremony Saturday at the company’s shipyard in Mobile, Alabama.The future USNS Newport, the Navy’s 12th Expeditionary Fast Transport (EPF) vessel
The Port of Gdansk Authority (PGA) has signed an agreement with a consulting company, which will support the construction of the port basing on a public-private partnership model.DS Consulting - is a company, specializing in advising public entities, which has signed a cooperation agreement with the PGA. The company has 21 years of experience in this market.
Denmark will have a digital register of shipping by 2020 that will lower costs for business communities and provide easier access to data, announced the Danish Maritime Authority (DMA).DMA will now start developing the new digital Danish Register of Shipping. This specifically means that future reporting and registration of ships will occur digitally.
Offshore drilling services provider EnscoRowan announced that an arbitration tribunal has awarded it $180 million in damages in its proceedings against South Korean shipbuilder Samsung Heavy Industries (SHI).Further, the company will be claiming interest on this amount and costs incurred in connection with the matter.
North America's dredging company Great Lakes Dredge & Dock Corporation (GLDD) announced the receipt of several major dredging awards totaling $ 83 million.David Simonelli, President of Dredging said: “Great Lakes is pleased to announce these important deepening, coastal protection and maintenance dredging awards. These projects will enhance our year-end backlog and position us well for 2020.
Ghanaian tugboat masters in Denmark to acquire new tools of the trade - A team of tugboat masters just finished a training program in Denmark as part of the strategic sector cooperation between Denmark and Ghana.The training has provided the tugboat masters with new tools on how to carry out tugboat missions in the Port of Tema – one of the biggest and busiest ports on the West African coastline.
The Danish company Bawat A/S, specializing in the treatment of ballast water aboard ships and in ports, has just finalized the provision of capital equal to more than $2.94m from new and existing shareholders.The new shareholders include Selfinvest Family Office as a key stakeholder, and previous TORM CEO and current SKULD chairman Klaus Kjærulff.