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
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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