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.
SAL Heavy Lift, a carrier specializing in sea transport of heavy lift and project cargo, announced that it will expand its fleet with three heavy lift vessels with 800t lifting capacity in early 2020.The three vessels - “MV Hanna”, “MV Klara” and “MV Lisa” - will come to serve breakbulk and heavy lift clients on world markets via SALs well known Semi-Liner Service
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
For the second year straight, US-based Pangaea Logistics ranks highest among dry bulk owners based on Time Charter Earnings (TCE), according to a recent market benchmarking report.Notably, the Rhode Island-headquartered shipowner's 53.7% TCE performance is well above Hong Kong's Pacific Basin Shipping Ltd. (24.3%) and Thailand's Thoresen Thai Agencies (23.
London-based international law firm Watson Farley & Williams has advised TUI Cruises GmbH on its acquisition of Hapag-Lloyd Cruises from TUI AG for US$1.3bn, excluding net debt.According to the the transaction is subject to customary closing conditions and regulatory approvals and is expected to close in summer 2020.
SAL Heavy Lift, a global carrier specialized in sea transport of heavy lift and project cargo, said that it has become the first shipping company in the world to introduce hydrogen/methanol emission reduction technology to its fleet.The Harren & Partner Group company said in a press release that with significant emission reductions in terms of CO2, SOx, NOx and other particles
Wilhelmsen has launched an early adopter program for 3D printed marine spare parts. A strategic move by the six early adopters, Carnival Maritime, Thome Ship Management, OSM Maritime Group, Berge Bulk, Executive Ship Management and Wilhelmsen Ship Management have all signed up with Wilhelmsen’s Marine Products division to begin utilizing on-demand additive manufacturing.
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.
The shipping services company GAC Denmark has opened a new branch in Kalundborg to better serve the needs of GAC’s global principals in the liquid bulk and other sectors.Kalundborg, located 100 km west of Copenhagen, is a key location for liquid and dry bulk cargo with a perfect setup for larger projects for industry players such as Equinor, Yamal LNG and Chevron.