News
Dynagas LNG Partners income rises
Dynagas LNG Partners, a partnership formed by Dynagas, reported an adjusted net income of US$17.3 million for the fourth quarter, 15 percent up on the corresponding quarter in 2015.
DOF offloads platform supplier outside offshore oil service industry
Offshore vessel owner DOF has sold one of its platform supply vessels (PSVs) to an unnamed buyer. DOF said on Tuesday that the 2001-built vessel Skandi Waveney would be sold to a company outside Norway and not engaged in the offshore oil service industry. According to the company, delivery is expect
ABS Expands Subsea Services
ABS has expanded its subsea services team to deliver specialized validation and verification services for subsea systems, including subsea hardware, flowlines, umbilicals, and risers. These services include design review, inspection of physical components and regulatory services using performance da
Oversupply Keeps January Vessel Orders at Record Low
Global ordering activity has fallen to 26-year low in January 2017, shipbuilding data from Maritime & Trade by IHS Markit show. Specifically, demand for bulk carriers and gas carriers has plummeted as there were no booked orders in January. The appetite of shipowners for tankers over 10,000 dwt has
Total in talks to buy Iranian LNG project
Total is in talks to buy a multi-billion dollar stake in Iran’s partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves.
Clarksons: Vessel Losses – Sailing into Safer Times?
With the improved safety at sea, total vessel losses seem to be on a downward trajectory. 2016 marked the fewest number of ship losses on record although the world fleet reached its greatest ever size, Clarksons Research said. In 2016, reported losses reached a historically low level of 54 vessels a
EPG Ships Out Arkona External Platforms
Poland’s Energomontaż-Północ Gdynia (EPG) has loaded and shipped out 26 out of 30 external platforms ordered by Bladt Industries for the 385MW Arkona offshore wind farm. Ten platforms with a total weight 240 tonnes were loaded onto Rix Pacific from EPG’s premises in Gdynia as part of the latest ship
EPG Ships Out Arkona External Platforms
Poland’s Energomontaż-Północ Gdynia (EPG) has loaded and shipped out 26 out of 30 external platforms ordered by Bladt Industries for the 385MW Arkona offshore wind farm. Ten platforms with a total weight 240 tonnes were loaded onto Rix Pacific from EPG’s premises in Gdynia as part of the latest ship
Indian OSV crew finally paid after months of waiting
Twelve crew members of the Indian-owned and -flagged Malaviya 20 offshore support vessel, which has been detained in the UK for months, have finally been paid. The crew of the sister vessel Malaviya 7, however, has yet to be paid. According to a statement by the ITF, which has helped the Indian crew
Eidesvik Sells Viking Poseidon
Norwegian vessel owner Eidesvik has signed a Memorandum of Agreement (MoA) to sell Viking Poseidon vessel to an unnamed client. The deposit has been lodged and the delivery of the vessel is planned to take place mid-March 2017, Eidesvik said. The 130 meters long offshore construction vessel is capab
Newbuild drillship and semi-submersible delivery deferrals at an all-time high
By: David Carter Shinn Deferring deliveries of newbuild rigs has become the trend over the past two years. Shipyards are now sitting with huge outstanding payments which are out of proportion to current asset values. Not long ago, when S-curves were monitored 24/7, the biggest concern for owners of
Chart ships LNG storage tanks for Lithuanian reloading station
Chart Ferox shipped three of five LNG storage tanks for the liquefied natural gas reloading station being developed at the port of Klaipeda by Klaipedos Nafta.
Farstad scores several charter deals. Returns two PSVs from layup
Norway’s Farstad Shipping has secured charter deals for several of its offshore vessels. The company, soon to be part of the Solstad Farstad company after a recent merger deal, said on Monday it had found work for six of its vessels, of which five platform suppliers and one anchor handler. The Far S
GC Rieber’s 4Q hit by fleet impairment
Norwegian seismic player GC Rieber Shipping has posted the loss of continuing operations in fourth quarter of NOK 170.3 million, compared with a loss of NOK 110.0 million in the corresponding period 2015. Converted to U.S. dollars – today’s values – loss from continuing operations came at $20.35 mil