The United Nations shipping agency on Thursday adopted a ban on the use of heavy fuel oil in the Arctic region while green groups said the regulations contained loopholes which will allow many vessels to keep sailing without enough regulatory control.Antarctic waters are protected by stringent regulations, including a ban on heavy oil fuel (HFO) adopted in 2011
Oslo-listed Offshore Heavy Transport has said it has recently experienced an uptick in demand for the transportation of offshore wind equipment to China."OHT’s fleet of semi-submersible heavy transportation vessels have been busy transporting offshore wind equipment to China, supporting the huge surge in development of offshore wind farms in the fast-growing market.
South Korean shipbuilding giant Samsung Heavy Industries must pay $411 million to offshore drilling contractor Stena Drilling, a London arbitration tribunal has ruled.The spat between the two companies began after Stena Drilling in 2017 terminated the order for the construction of the harsh environment semi-submersible drilling rig Stena Midmax.
Kawasaki Heavy Industries Ltd expects shipment of its first cargo of liquefied hydrogen from Australia to Japan could be delayed until the summer due to the pandemic, a company spokesman said on Wednesday.A A$500 million ($391 million) pilot project, led by Kawasaki Heavy and backed by the Japanese and Australian governments
South Korean shipbuilder Samsung Heavy Industries agreed to pay 812 million reais ($148.56 million) in a leniency deal with Brazilian authorities to settle corruption investigations, federal prosecutors said late on Monday.On its website, the prosecutor's office said the deal was part of a global negotiation between the company and U.S.
South Korean shipbuilder Hyundai Heavy Industries Co Ltd said on Tuesday that it plans an initial public offering (IPO) to raise funds toward a 1 trillion won ($905 million) investment over five years into green technology.Hyundai Heavy will issue a stake of about 20% in new shares within the year, the shipbuilder said in a statement.
South Korean shipbuilding group Korea Shipbuilding & Offshore Engineering (KSOE) said Tuesday it has secured a 900 billion-won (US$828 million) order to build six 15,000 TEU containerships for an unnamed Asian shipowner, Yonhap reports.Four of the six box ships will be built by KSOE's Hyundai Heavy Industries unit, and two will be constructed by its Hyundai Samho Heavy Industries arm.
The construction of Jan De Nul's new offshore crane vessel named Lez Alizés kicked off with a steel cutting ceremony last Friday at the China Merchants Heavy Industry (Jiangsu) Co., Ltd. in China.Les Alizés, ordered in November 2019, will mainly be used for the construction of offshore wind farms, but will also be suitable for decommissioning offshore oil and gas platforms.
South Korean shipbuilder Samsung Heavy Industries has won what has been described as the company's largest-ever single order.The shipbuilder said Monday it had secured an order worth around KRW 2,8 trillion, which is approximately $USD 2,5 billion.The contract is for the supply of "blocks and equipment" and is with an unnamed European shipowner.
A specialized heavy-lift vessel departed the Port of Fernandina, Fla. Monday en route to Georgia's St. Simons Sound, where it will be used by salvage crews to cut and lift sections of the capsized car carrier Golden Ray.The U.S. flagged VB 10,000 is expected to reach the St. Simons Sound in the early hours on Tuesday and remain on scene for a minimum of eight weeks
The global heavy lift vessel market is a difficult place to be. Utilization for the fleet has remained depressingly low since the first oil and gas downturn in 2014, currently hovering around 33% for the global fleet with a lift capacity of over 800 tonnes, according to IHS Markit’s ConstructionVesselBase.
Salvage operations to remove the overturned car carrier Golden Ray from St. Simons Sound in Georgia have resumed after work was paused due to coronavirus concerns and Hurricane Isaias.Due to the potential impact of the Hurricane to the St. Simons Sound area, the Unified Command (UC) response team implemented its Heavy Weather Plan which required the repositioning and securing of all response