MHWirth, a subsidiary of Norwegian oil services investment firm Akastor, has received an arbitration award issued by a tribunal in a dispute with Seatrium’s subsidiary Jurong Shipyard over the termination of four drilling rig unit contracts.As part of the ruling, MHW has been awarded an amount of $101 million as payment of termination fees.
Sensor solutions provider Hensoldt UK has been selected by Navantia UK to provide key systems to the UK Royal Fleet Auxiliary’s (RFA) three new Fleet Solid Support (FSS) ships. The new vessels will incorporate Quadome Naval 3D Air and Surface Surveillance Radar, Air Traffic Management (ATM) systems and Kelvin Hughes Integrated Navigation Bridge Systems (INBS).
Danish shipowner CBED has signed a contract with Siemens Gamesa for the first offshore wind project for its new SOV Wind Creation as part of the CBED fleet.With the new walk-to-work project, the SOV joins commissioning an offshore wind farm in the Netherlands.The project starts at the end of the second quarter of 2024 and runs for the remainder of the year
Danish shipowner CBED has signed a contract with Hughes Subsea, a subsidiary of OEG Energy, for Wind Evolution’s first offshore project, just three weeks after acquiring the service operation vessel (SOV).With the new walk-to-work contract, CBED has secured full activity for Wind Evolution SOV until early first quarter of 2025, with two additional one-year options to extend the project contract.
Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region.However, the company raised its full-year revenue and profit estimates, banking on strong international growth and demand for gas equipment.
Members of the U.S. tugboat, towboat and barge industry trade group the American Waterways Operators elected a new slate of leaders last week during the association's Spring Convention and Annual Membership Meeting.Kelly Teichman, Executive Chairman, T&T Marine, was elected Chairman, succeeding outgoing Chairman Rick Iuliucci, Vice President, the Vane Brothers Company.
Gulf LNG Tugs of Texas has been selected to provide towage services for the Texas LNG export terminal to be constructed in the Port of Brownsville.Gulf LNG Tugs, a consortium of Suderman & Young Towing Company, Bay-Houston Towing, and Moran Towing Corporation, will build, deliver and operate tugboats under a long term agreement to assist LNG carriers arriving at the facility.
Scania was selected by Allen Marine Tours to power a pair of their eco tour vessels. The two 78-foot QUAD powered vessels will each be repowered with Scania V8 DI16 082M, 800 HP engines delivered by Cascade Engine Center. The custom-built catamarans are capable of 30 plus knots at their full capacity of 150 passengers, and speeds in excess of 35 knots with a lighter load.
The North American Marine Environment Protection Association (NAMEPA) has announced the winners of the Marine Environment Protection Awards for 2023.Winners include MSC Cruises for Sustainability, Tote Services for the Industry Award, Captain Bridget Cooney as an Individual, Dr. Jason Zuidema for Seafarers, New York Harbor Middle School led by example this year for Maritime Academies
The International Bunker Industry Association (IBIA) has appointed Alexander Prokopakis as its new Executive Director.Joining the IBIA team on September 1 with Edmund Hughes, the recently appointed IBIA IMO Representative, Prokopakis will be instrumental in navigating the association through the evolving challenges and opportunities in the marine fuel industry.
engines, inc., a Jonesboro, Ark. based distributor of diesel engines and generator sets, has hired David Hughes as its new managing director. Hughes is an industry veteran with expertise in marine diesel product management, having most recently served as sales manager for marine products at Scania USA.