Malaysian company Yinson has secured a firm contract to provide and maintain an FPSO for Azule Energy, a BP-Eni joint venture, in Angola.The contract, awarded by Eni Angola, is for the provision of the FPSO for the Agogo Integrated West Hub Development Project in Angola (“FPSO Agogo”).According to Yinson, the contract is worth about $5.
The November edition of Marine News magazine highlighted the most notable newbuilds delivered in 2022. From sturdy and nimble workboats, to the first new Jones Act laker in a generation, each vessel on display showcases the industry’s engineering prowess and technological ingenuity, with the focus on improving efficiency in operations.
Like every sector of cargo and passenger shipping, “digitalization”—where computerized processes are replacing onboard routines previously handled manually— is an ongoing trend coastwise, on the waterways and harbors. Regulatory compliance, especially with Subchapter M for towing vessels
Hensoldt UK won two contracts from Hyundai Heavy Industries (HHI) to supply Kelvin Hughes Mk11 SharpEye navigation radars to the Philippine Navy.The six 2,400-ton Offshore Patrol Vessels (OPVs) and two 3,200-ton Corvettes are currently being built at HHI and will be delivered over the next four years.
As companies race to expand renewable energy and the batteries to store it, finding sufficient amounts of rare earth metals to build the technology is no easy feat. That’s leading mining companies to take a closer look at a largely unexplored frontier – the deep ocean seabed.A wealth of these metals can be found in manganese nodules that look like cobblestones scattered across wide areas of deep
Venezuela's oil exports last year declined due to infrastructure outages, U.S. sanctions and rising competition in its key Asia market despite assistance from ally Iran, according to shipping data and documents.Exports this year are expected to get a lift after the United States relaxed oil sanctions by authorizing some partners of state-run firm Petroleos de Venezuela (PDVSA) to resume taking
The most important of all international maritime safety conventions is the International Convention for the Safety of Life at Sea (SOLAS). The first version was adopted at a conference in London in 1914. The catalyst for this conference was the sinking of the Titanic on her first voyage in April 1912, which cost the lives of more than 1,500 passengers.
Bunker fuel suppliers Dan-Bunkering and Amoil on Friday announced they will merge on January 1, 2023 under one combined brand, Dan-Bunkering.The move, which follows the recent merger between Dan-Bunkering and SABT in the spring of 2022, continues industry consolidation in the bunkering sector.
This is a transcendent time in the marine industry as stakeholders explore new technologies to drive efficiency gains and reduce emissions. At the end of 2022, Scania will introduce its new its new electric hybrid package, eMachine, at the Electric & Hybrid Exhibition.The hybrid and full electric offering ranges from 150 to 230 kilowatts continuous electric power
After 27 years’ service as Chief Executive Officer of Shipowners Claims Bureau, Inc. (SCB), the Managers of the American P&I Club, Joe Hughes will stand down from that role on August 1, 2022. Dorothea Ioannou, currently Deputy Chief Operating Officer of SCB, will succeed Hughes as CEO from that date
Energy storage solutions company Shift Clean Energy announced it has named Mark Hughes to its its executive team as chief operating officer.Hughes brings a background in manufacturing and supply chain management, and a wealth of international experience growing companies and leading operational improvement programs across a range of industries from automotive to aerospace.
Clark Todd, president and chief operating officer of Blessey Marine Services, was elected chairman of the American Waterways Operators (AWO) as members of the national tugboat, towboat and barge industry association elected new leaders during a group meeting last week. Todd succeeds outgoing chairman Del Wilkins, president, Illinois Marine Towing, Inc.