Damen Launches Financial Services Division

As of April 1, 2021, Damen Shipyards Group will start a specialized Financial Services division to support clients in the financing of new ships by means of both operational and financial lease constructions. In itself it is not new that … Read More

New Pandemic Response Guidance for Maritime SAR Organizations

New manual provides vital recommendations for operational planning and response in health emergencies The International Maritime Rescue Federation (IMRF), supported by Lloyd’s Register Foundation, has launched comprehensive guidance for anyone working in search and rescue, on how to ensure that … Read More

Handysize 38kt Time Charter Average FFA is ‘Perfect Timing’

Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, says shipbroker Simpson Spence Young. Following an ever-strengthening charter market, SGX have confirmed a launch date for … Read More

Life Raft from Missing Fishing Vessel Found off Scotland

A life raft has been recovered from the fishing vessel Nicola Faith, which went missing with three aboard off the coast of Colwyn Bay, Wales on January 27. The raft was found off the coast of Kirkcudbrightshire, Scotland by HM … Read More

Plimsoll Marine Takes Delivery of Pushboat Rock Solid

Bayou La Batre, Ala. shipbuilder Master Marine, Inc. (MMI) has delivered the 67’ x 28’ pushboat Rock Solid to Plimsoll Marine. The Rock Solid is the third of four vessels that MMI is scheduled to deliver to the Lower Mississippi … Read More

Oil Surges After OPEC+ Extends Cuts

Oil prices jumped about 3% on Friday, hitting their highest levels in over a year, following a stronger-than-expected U.S. jobs report and decision by OPEC and its allies not to increase supply in April. Brent futures rose $2.10, or 3.2%, … Read More

Film-Ocean Buys Work Class ROV, Plans to Add Staff

Remotely operated underwater vehicle (ROV) specialist Film-Ocean Ltd, based in Aberdeenshire, has recently invested a six-figure sum in a Schilling heavy duty work class ROV and plans to grow its workforce to support the company’s growth plans. The vehicle is … Read More

Ultrasonic NDT Tool Developed for NASA Goes Offshore

March 5, 2021 © botulinum21 / Adobe Stock ABSG Consulting Inc. (ABS Consulting) has signed an exclusive global licensing agreement to offer an innovative ultrasonic non-destructive testing (NDT) solution that supports expanded use of composite materials on offshore assets to … Read More

Another Vessel Joining Nord Stream 2 Pipeline Construction

Vladimir Soldatkin March 5, 2021 Akademik Cherskiy vessel / Image – Sergei Skriabin – AdobeStock The consortium behind the Nord Stream 2 undersea gas pipeline said on Thursday a second Russian pipe-laying vessel is undergoing sea trials ahead of joining … Read More

ExxonMobil Extends Seadrill Drillship’s Workscope in Brazil

OE Staff March 5, 2021 West Saturn Drillship/Credit: Celso Marino/MarineTraffic.com U.S. oil major ExxonMobil has recently awarded a contract extension to Seadrill for the use of the West Saturn drillship in Brazil. Seadrill revealed the news in its fourth-quarter 2020 … Read More