News
BIMCO: Oil Product Tanker Earnings in Decline
Oil product tanker earnings are the lowest since Q3 of 2014 and could drop even further but there is still money to be made in the second half of this year, according to BIMCO. The reason for this decline is oil product tanker fleet growth coupled with slowing down of oil product stock building seen
Nexans Presents 72.5kV Cable Solutions
Nexans has launched a new range of cable and power accessories for higher capacity wind farms. The new generation of power accessories with F-type outer cone comprising separable T-connectors, coupling connectors and surge arresters has been developed to operate at 72.5kV, the company said. To trans
Let Me Upgrade You (Video)
Damen Shiprepair Amsterdam (DSAm) has completed a major modification and maintenance project on A2SEA’s jack-up vessel Sea Installer. The principle scope of work involved the extension of the main crane boom, giving the Sea Installer increased reaching capacity. Other work comprised structural modif
Let Me Upgrade You (Video)
Damen Shiprepair Amsterdam (DSAm) has completed a major modification and maintenance project on A2SEA’s jack-up vessel Sea Installer. The principle scope of work involved the extension of the main crane boom, giving the Sea Installer increased reaching capacity. Other work comprised structural modif
ClassNK amends rules for construction of ships carrying liquefied gases
Japan’s classification society ClassNK amended its Rules and Guidance for the survey and construction of steel ships as a response to the latest industry developments.
TransCanada’s Columbia acquisition cleared
TransCanada Corporation on Thursday informed that all conditions required to complete the acquisition of Columbia Pipeline Group have been satisfied.
Teekay Corporation closes financing, Teekay LNG Partners to follow by end 2016
Teekay Corporation and Teekay Offshore Partners have completed and closed their financing initiatives with Teekay LNG Partners working to follow the same footpath in the near future.
Audit reveals several flaws on ExxonMobil’s Ringhorne
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has announced the audit results of ExxonMobil’s operations on Ringhorne platform, offshore Norway. PSA said on Thursday that audit was conducted from May 20-26 and that its scope included logistics arrangements, materials handling
Nautilus Questions UK Chamber of Shipping’s Neutral Stance on Brexit Referendum
Nautilus International, the UK-based global trade union representing maritime professionals, is criticizing the UK Chamber of Shipping for remaining neutral on the impact of the Brexit referendum on British seafarers and shipping as shipowners have started to consider changing flags of their UK-regi
EU Council Approves New Port Transparency Rules
The EU Council’s Permanent Representatives Committee approved on June 29 new rules to increase the financial transparency of ports and create fair conditions for access to port services across Europe, confirming the agreement reached with the European Parliament on June 27. The new rules set out to
Venko Taking Care of German Wind Turbines
Venko, a company providing industrial coatings, has been awarded a contract for repair and maintenance of turbines at a project in German waters, using specialist rope access techniques. The work on the project, which the company left unnamed, commenced in May 2016 and is being supported and managed
Deutsche Windtechnik Inks Sandbank Deal
Vattenfall has appointed Deutsche Windtechnik to oversee the construction and commissioning of the Sandbank offshore wind farm. Engineers and technicians from Deutsche Windtechnik are currently supervising the preassembly of the 72 SWT-4.0.130 wind turbines at the port of Esbjerg. The company has al
Norway helicopter crash result of fatigue crack
A preliminary investigation report of the CHC-operated Super Puma helicopter crash in Norway has found that the accident most likely was a result of a fatigue fracture. To remind, the helicopter accident, in which 13 people died, happened on April 29 near Bergen, offshore Norway. The Accident Invest
Yamal LNG withdraws first loan tranche from Chinese banks
Novatek-led Yamal LNG project has withdrawn the first tranche of financing secured under the loan agreement with two Chinese banks signed in April.