News
MDL delivers its largest reel drive system to Oceaneering
Subsea services provider Oceaneering International has taken delivery of an 800-tonne safe working load (SWL) reel drive system (RDS) from Maritime Developments (MDL). The company said that the modular system would be used to deploy and retrieve SURF products (subsea umbilicals, risers, and flowline
Offshore Energy Exhibition & Conference 2017 – Celebrating 10 years of Offshore Energy
Offshore Energy Exhibition & Conference brought together over 550 exhibitors and 12,145 visitors in halls 1, 2 & 5 of Amsterdam RAI.
Q3 2017 Bottom of Current Tanker Market Cycle
The third quarter of 2017 has seen tanker fleet utilization drop to levels last seen in 2013, according to the latest report from Clarksons Platou Securities. The fundamentally soft conditions in the market were further aggravated by seasonal weakness and reductions in Saudi Arabia’s crude exports i
MAIB: Alcohol May Have Led to PLA Pilot’s Fatal Fall
Alcohol consumption is likely to have contributed to an accident during cargo vessel boarding in October 2016, which led to the loss of life of a Port of London Authority (PLA) sea pilot, according to a report by Marine Accident Investigation Branch (MAIB). On October 5 the pilot Gordon Coates was a
Industry Associations Welcome UK Govt’s Offshore Wind Fund
RenewableUK and the Offshore Wind Industry Council (OWIC) have welcomed the UK Government making available up to GBP 557 million for the future Contract for Difference (CfD) auctions and the announcement that the next CfD round will be held in spring 2019.
Sovcomflot names third Sakhalin-bound icebreaking supplier
Russia’s Sovcomflot (SCF) has held a naming ceremony on Wednesday for a new icebreaker supply vessel built by the Arctech Helsinki Shipyard. Sovcomflot said on Thursday that the construction deal for the four vessels was contracted to United Shipbuilding Corporation, with the actual construction bei
Spotted: Cruise Ship Duo Checks In at DP World Limassol
As the autumn cruise season already kicked off at the DP World Limassol, two cruise ships called at the terminal on the same day, September 27. Mein Schiff 1, owned by German cruise line TUI Cruises, berthed overnight at the terminal. The 76,522 gross ton vessel features a length of 263.9 meters and
MarCy17: Profitability Is Around the Corner?
Regaining profitability in the freight transportation industry is a tangible target for the very near future, it was concluded during a panel on Market Forecasting on the final day of Maritime Cyprus 2017 conference in Limassol on Wednesday. The prediction has been based on improving fundamental bal
No-Deal on Brexit Would Hurt EU Ports As Well
Members of the Maritime UK, including representatives of the British Ports Association, UK Chamber of Shipping, Baltic Exchange and Solent LEP, have been briefed of a potential no-deal scenario on Brexit in talks between the UK and the European Union. Namely, Maritime UK members met with Hilary Benn
Hamburg Port to Attract Clean Ships with New Fee System
The Hamburg Port Authority (HPA) plans to introduce a new fee rating system featuring an environmental component in an effort to support clean vessels calling at the port. “Our tariff and environmental policy sends a clear signal to the citizens of Hamburg, the shipping companies, and port industrie
Report: Subsea 7 says no to Baker Hughes takeover
Baker Hughes, a GE company has reportedly held talks to acquire subsea services contractor Subsea 7. Wall Street Journal (WSJ) has this week cited people close to the matter who claimed that negotiations broke down over valuation. Even though initial negotiations broke off, one of WSJ’s sources stat
OEEC: Video highlights of day 2
Offshore Energy Exhibition & Conference 2017 (OEEC) has come to an end, along with the Marine Energy Event that took place during the last day of OEEC in Amsterdam RAI. Today’s video brings you the highlights of the final event day. The Marine Energy Event featured a day full of interesting discussi
NorSea launches Peterhead offshore vessel fueling station
NorSea Group UK has completed Phase I of its multi-million-pound investment at its Shore Base within Peterhead Port with the opening of a new custom-built marine gas oil (MGO) facility on Smith Quay. NorSea said that the two MGO tanks, which hold a combined total of 3,000 m3 of fuel, are now operati
Russian surveyor nods Sakhalin II gas transmission system overhaul
Russia’s state-run survey organization FAI Glavgosexpertiza concluded that the reconstruction of the Sakhalin 2 plant’s gas transmission system complies with the technical regulatory requirements.