Anyone who has been around the Offshore Oil and Gas or the Marine industries for long has heard of plans for mining various minerals located on or just below the seafloor. In fact, when Howard Hughes built the Glomar Explorer in 1972, the cover story for its true mission – recovering a Soviet submarine - was that the rig would be used to mine manganese nodules from the deep ocean floor.
Japanese shipping giant Mitsui O.S.K. Lines (MOL) and its subsidiary Ferry Sunflower Limited have unveiled plans to construct Japan’s first two LNG-fueled ferries.Mitsubishi Shipbuilding will receive the order for the newbuild ferries that are designated to serve the Japanese market.
NYK has conducted the world’s first Maritime Autonomous Surface Ships (MASS) trial performed in accordance with the IMO’s Interim Guidelines for MASS trials* as the company begins tests to realize its target of manned autonomous ships** for safer operations and a reduction in crew workload.
Russia's Zvezda Shipbuilding Complex has awarded the contract for the LNG carriers for the Arctic LNG 2 project to Samsung Heavy Industries (SHI). The South Korean company will also provide technical specifications and design documentation for the LNG carriers project.SHI will design LNG ships with 45 MW power capacity, enabling the safe transportation of LNG while breaking up to 2.
Media reports about Mozambique’s failure to launch a fishing and security fleet and its subsequent $2 billion debt default seem destined to torpedo, or at least set back similar efforts to build needed coastal security and national fishing fleets across Africa. That must not happen.
Seacor Holdings Announces Acquisition of Joint Venture Partner’s Interest in Sea-Vista.SEACOR Holdings Inc. announced that it has become the sole owner of its consolidated SEA-Vista joint venture, acquiring through a subsidiary the 49% interest that had been owned by an affiliate of Avista Capital Partners (the “Seller”).
Kirby Corporation (“Kirby”) (NYSE: KEX) has announced net earnings attributable to Kirby for the second quarter ended June 30, 2019 of $47.3 million, or $0.79 per share, compared with earnings of $28.6 million, or $0.48 per share, for the 2018 second quarter. Excluding a one-time charge related to the retirement of Kirby’s Executive Chairman
France and Italy forged a military shipbuilding alliance on Friday, as state-controlled Naval Group and Fincantieri signed off on a 50-50 joint venture that will bid for Franco-Italian warship projects and sell to the world market.The alliance reflects the two countries' desire to fend off competition in naval shipbuilding from the likes of China, the United States and Russia.
The deepwater drilling contractor Seadrill said that its contract backlog, as of May 23, 2019, totaled approximately $1.9 billion.The drilling services provider said it has added $130 million of additional backlog from March, including the AOD I award of a three year follow on contract with Saudi Aramco keeping the unit employed until June 2022, which adds approximately $82 million in backlog.
Norway is growing its arsenal of military grade drones for missions that’ll take them into the exhaust streams of ship’s funnels. With the IMO now supporting the 0.1 percent sulfur cap on marine fuel from Jan. 2020, and with southern Norway below the 62nd parallel officially a European Emissions Control Area, or ECA, the Norwegian Maritime Authority, the NMA
Network Innovations and its inland waterways connectivity solution eliminates “dead spot” coverage woes. And, not a moment too soon.The bane of inland operators – or at least one of many – has always been the dearth of reliable and economical vessel-to-shore communications. Even in America’s heartland where cellular coverage is routinely billed as seamless, so-called ‘dead spots’ persist.
The U.S. Navy has awarded a shipbuilding contract to a consortium consisting of Fincantieri, through its subsidiary Fincantieri Marinette Marine (FMM), and Lockheed Martin Corporation, to build an additional vessel as part of its Littoral Combat Ship (LCS) program.LCS 31 will be the 16th Freedom-variant LCS, one of the U.S. Navy’s main shipbuilding programs.