$434m Order placed for 10 Offshore Patrol Vessels
EDGE and Fincantieri have formalized the launch of a joint venture dubbed MAESTRAL, a JV created in the shipbuilding sector based in Abu Dhabi. The JV is aiming to capture global opportunities in the design and manufacturing of naval vessels. EDGE holds a 51% stake in the JV, with pre-emptive rights for non-NATO orders along with a number of strategic orders placed by selected NATO member countries…
Inmarsat Launches NexusWave to Boost Maritime Communications
Mobile satellite communications provider Inmarsat, a Visata company, has launched NexusWave, a fully managed connectivity service designed to improve maritime communications and global coverage at sea.NexusWave is underpinned by a bonded multi-dimensional network, offering high-speed connectivity, unlimited data, global coverage, and ‘secure by design’ infrastructure, according to Inmarsat.Delivered by a single provider…
Pöntynen Takes the Helm at Norsepower
One chapter of Norsepower’s remarkable growth story ends and another begins as Tuomas Riski passes his CEO position onto Heikki Pöntynen, who has been a member of Norsepower’s board. Pöntynen has vast experience in maritime growth companies, and has held several maritime management positions in Finland, China, Hong Kong, and the USA. Before starting at Norsepower, Mr Pöntynen served as a senior executive with Plannneri…
Panayiotou Theodosiou nabs IMO Gender Equality Award
Despina Panayiotou Theodosiou voiced gratitude at being selected as recipient of the first ever IMO Gender Equality award, presented by Secretary-General Arsenio Dominguez ahead of the International Maritime Organization Women in Maritime 2024 event. The award recognized Co-Chief Executive Officer of Tototheo Maritime, Ms. Panayiotou Theodosiou's leading and pivotal role in advancing gender equality and empowering women through her tenure as President of WISTA International.The IMO said Ms.
Sapura Ônix Heads to Atlanta Field to Install Subsea Equipment
The specialized vessel Sapura Ônix is on its way to Atlanta Field in Santos Basin, offshore Brazil, where it will carry out the installation of subsea equipment to support the oil production, targeted for August 2024.Brazilian oil and gas company Enauta said the Sapura Ônix vessel is en route to install multiphase pumps (MPPs), umbilicals for power and data transmission, and production risers, connecting the wells’ subsea infrastructure to FPSO Atlanta.The FPSO Atlanta…
Prysmian Cements Partnership with Port of Middlesbrough with New Long-Term Deal
AV Dawson, owner and operator of Port of Middlesbrough, has signed a 10-year partnership agreement with Italian offshore cable manufacturer Prysmian. Prysmian first started using Port of Middlesbrough 10 years ago. Over the years, as the offshore wind industry has exploded and Prysmian has secured more contracts, Port of Middlesbrough has become central to the company’s operations and now acts as its northern European marine base.With further growth anticipated…
GMS: Ship Recycling Market Quiet and Stable
Following on from last week’s unexpected shock via the intentional depreciation in the value of the Bangladeshi Taka, it has been an altogether quieter week of sales and activity in the country, says cash buyer GMS.Domestic ship recyclers are evaluating the potential costs and implications of further depreciations, given that the Taka slipped further into BDT 117 territory against the U.S. Dollar this week.
Australia and Indonesia Wrap-Up Maritime Security Operation
Australia and Indonesia have completed a coordinated international maritime security operation to detect, deter and combat illegal activities at sea.Between May 8 and 17, Australian and Indonesian agencies undertook Operation GANNET within the Timor Sea Area of Operations, which includes waters around Ashmore Island.The operation comprised vessels, aircraft and personnel from the Indonesian Maritime Security Agency (BAKAMLA)…
Unified Command Announces Plan for Dali Refloating
The refloat and transit of the M/V Dali from its current location to a local marine terminal is slated for early Monday morning.Optimum conditions call for the transit of the M/V Dali to commence at high tide, predicted to be Monday at 5:24 a.m. The vessel will be prepared at 2 a.m., allowing the M/V Dali to catch the peak high tide for a controlled transit.The entire refloat sequence (prior to high-tide transit) is estimated to begin roughly 18 hours beforehand…
Esgian Week 20 Report: Update on Saudi Suspensions
Esgian provides an update on Saudi suspensions in its Week 20 Rig Analytics Market Roundup.Report SummaryContractsDrilling contractor Arabian Drilling confirmed that the suspension of three contracts for its jackups with Saudi Aramco have yet to be finalised but are expected to take effect towards the end of the third quarter of 2024. CEO Ghassan Mirdad stated that the company is actively exploring opportunities to redeploy these rigs with other clients.
Ferry and Cruise Passenger Numbers Increase in Denmark
Last year there was a 0.5% increase in the overall number of passengers on ferry routes within and abroad from Denmark, reports the Danish Shipowners organization, Danske Rederier. The growth was particularly high on foreign routes (1.9%), including to Germany and Sweden. In contrast, there were 1.8% fewer passengers on domestic routes than the year before.Also in 2023, more cruise passengers disembarked…
FuelEU Regulations Leave DoC Holder with Fuel Liabilities Risk
Implementation of the FuelEU Maritime regulation from 2025 presents an accountability dilemma for shipping as it is currently the Document of Compliance (DoC) holder that will be held responsible for fuel selection and could therefore face penalties - contrary to the ‘polluter pays’ principle, according to OceanScore.Shipping companies must start preparing now for the regulation as they face an August…
Rescuers Search for Fishermen Missing off South Africa
Search and rescue efforts were underway in South Africa on Saturday to find 11 fishermen missing at sea after their vessel sunk off the coast of Cape Town, the fisheries department said.Nine fishermen who had managed to deploy an emergency craft were rescued, the department said in a statement."Our thoughts and prayers are with the missing fishermen and their families as we await news of the search and rescue operation," fisheries minister Barbara Creecy said.According to the National Sea Rescue
Philippines to Vigorously Defend Territory, President Says
Philippine President Ferdinand Marcos Jr said on Saturday the country will "vigorously defend what is ours", in a thinly veiled reference to mounting tensions with China over maritime disputes.The conduct against intruders disrespecting Philippine territorial integrity will be guided by law and the responsibility as a rules-abiding member of the international community, Marcos said in a speech to graduating military cadets."Against intruders who have been disrespecting our territorial integrity…
Romania Searching for Three After Ship Sinks in Black Sea
Romanian rescue teams were searching on Saturday for three missing crew members of a cargo ship that sank off the Black Sea coast, the naval authority said.Officials said they were notified very early on Saturday that the Tanzania-flagged Mohammad Z had sunk 26 nautical miles away from Romania's Danube village of Sfantu Gheorghe.The naval authority's Maritime Rescue Coordination Centre (MRCC), border police and two commercial vessels in the ship's vicinity were involved in the search and rescue
Two Dead, Five Missing After Collision on Danube in Hungary
Two people were killed and five others were missing after a small motor boat collided with a cruise ship on the Danube River north of Budapest late on Saturday, Hungarian police said on Sunday.Disaster response units, including 95 personnel, 25 vessels and drones were still searching for the five missing people along the entire Hungarian section of the Danube downstream from the site, police said in a statement.A spokesperson for the Budapest police…
Houthis Missile Hits its Mark; Oil Laden Tanker headed to China
An anti-ship missile reportedly fired by Houthi militants hit a Panamanian-flagged oil tanker off Yemen's Red Sea coast on Saturday, but multiple reports indicate…
Future USS Pierre (LCS 38) Christened
Austal USA celebrated the christening of the company’s 19th Independence-variant Littoral Combat Ship (LCS) today – the future USS Pierre (LCS 38). Ship sponsor Larissa Thune Hargens executed the ceremonial bottle break over the bow of Pierre.Hargens, a native of South Dakota, graduated from Bethel University, in Saint Paul, Minn., with a bachelor’s degree in political science and history. Since graduating…
ASRY to Launch the "Itqan Initiative"
The Arab Shipbuilding and Repair Yard Company (ASRY) launched “Itqan”, an internal initiative focused on employee-led development and innovation. The campaign will encompass several development-focused projects, based on a strategy of open communication and an exchange of ideas and suggestions between the executive management and all ASRY employees. This collaborative approach aims to spark innovation within the workplace…
Fincantieri Launches Navy Logistics Support Ship
A launching ceremony of the Logistic Support Ship (LSS) Atlante took place at Fincantieri's shipyard in Castellammare di Stabia.Atlante will be delivered in 2025 and is the second unit of this type built for the Navy. The first, Vulcano, was delivered by Fincantieri in 2021.The ships designed to provide logistical support to multiplel national naval components. The LSS ships are designed to be flexible and multi-use…