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BP Awards Caspian ACG Contracts

Image: Energetika Nazirliyi

The upstream consortium, led by UK enerrgy giant major BP, announced that the Azeri-Central-East (ACE) project is moving forward at pace with the awards of key contracts.BP as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development, revealed that the contracts, covering engineering, fabrication and construction,

New Type 31 Royal Navy Frigates To Be Built In The UK

Boost for Royal Navy operations: five new vessels on order for delivery by year-end 2028.

(Photo © Adobe Stock / Wojciech Wrzesien)

Prime Minister Boris Johnson has announced that work will commence before the end of the year on the first of a series of new Type 31 frigates as part of the UK Government’s planned expansion of the Royal Navy fleet over the next 20 years. The new ships will replace Type 23 frigates currently

Vestdavit to Equip Norwegian CG Vessels

Photo courtesy of Vestdavit

Vestdavit secured an order to supply three new Norwegian Coast Guard vessels with davits equipped for polar conditions, in a project which also calls for installation of a deck-mounted transfer system for rapid deployment.The ships are being built by Vard Group within the P6615 project to replace Nordkapp-class

WSF, Vigor Launch Hybrid-Electric Ferry Build Program

Vigor Industrial and Washington State Ferries launched WSF’s new hybrid-electric ferries program in a ceremony held at Vigor’s Seattle, Washington shipyard held September 9. (Photo: Vigor Industrial LLC)

Dignitaries from the State of Washington joined Governor Jay Inslee, Washington State Ferries officials and Vigor Industrial employees yesterday (September 9) at Vigor’s Seattle, Washington shipyard to celebrate the launch of a new hybrid-electric ferry build program for the ferry operator. Speakers

SFI Acquires Three VLCCs From Hunter Group

Bermuda-based ship-owning and ship chartering firm Ship Finance International Limited (SFL) has agreed to purchase three very large crude carriers (VLCCs) from Norwegian investment company Hunter Group. The 300,000 dwt oil tankers are currently being constructed by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).

Baltic Index Falls for Third Straight Day

AdobeStock / © Lucasz Z

The Baltic Exchange's main sea freight index fell on Monday for the third consecutive day, as lower demand for ships across segments eased rates.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 40 points, or 1.6%, to 2,442 points.The capesize index dropped 105 points, or 2.

SHI to Build Arctic LNG Ship for Zvezda

Russian company Zvezda Shipbuilding Complex has given Samsung Heavy Industries (SHI) the contract to construct LNG carriers for the Arctic LNG 2 project. (Photo © Adobe Stock / Wojciech Wrzesien)

Russia's Zvezda Shipbuilding Complex has awarded the contract for the LNG carriers for the Arctic LNG 2 project to Samsung Heavy Industries (SHI). The South Korean company will also provide technical specifications and design documentation for the LNG carriers project.SHI will design LNG ships with 45 MW power capacity,

MacGregor Develops Cargo System for MSC Boxship

MacGregor has built a new cargo system for one of the world’s largest container ships, the MSC Gülsün. (Photo © MSC Mediterranean Shipping Company SA)

Cargotec company MacGregor has developed a new cargo system for one of the world’s largest container ships, the MSC Gülsün.The ship was built by South Korean company Samsung Heavy Industries (SHI) and delivered in July of this year, having a capacity of more than 23,000 TEU, a length of 400 meters and width of 61.

Baltic Index Dips as Broad Demand Weakens

File image: loading coal into the hold of a Panamax bulk carrier / CREDIT: AdobeStyock / © Leonid Eremeychuk

The Baltic Exchange's main sea freight index continued to fall on Friday, having broken a 10-day winning streak on Thursday, as rates throughout vessel segments eased.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 37 points, or 1.5%, to 2,462 points. The index on Wednesday hit its highest since Nov.

2Q Red Ink for CMA CGM Again

A CMA CGM boxship underway in a file image (CREDIT: CMA CGM)

CMA CGM, the world's fourth-largest container shipping firm, reported a second straight quarterly loss as its takeover of CEVA Logistics weighed on its results, but said its business volumes remained strong thanks to growth in the U.S. economy.The French-based group said on Friday that it expected a better second half of the year,

BMT Wins Multiple Nav Simulator Orders

Crown Princess (Photo courtesy of BMT)

BMT, a leading, multidisciplinary management consultancy, has reported phenomenal growth in sales of its maritime simulator and has just signed multiple key contracts with select cruise lines including Holland America Line, Princess Cruises, Seabourn in North America and P&O Cruises Australia. The orders

Windstar Cuts Steel for Second Star-class Ship from Fincantieri

Pictured left to right are Windstar Cruises’ Vice President of Expansion Projects John Gunner and Vice President of Fleet Operations Christopher Prelog, along with Fincantieri’s Shipyard Director Salvatore Savarese and Vice President of Ship Repair and Conversions Andrew Toso, at the Windstar Star Plus Initiative steel-cutting ceremony at Fincantieri’s yard in Palermo, Italy.

(Photo: Windstar Cruises / Mary Schimmelman)

esterday at Fincantieri’s shipyard, in Palermo, Italy, Christopher Prelog, Vice President of Fleet Operations for Seattle-based Windstar Cruises, activated the torch to make the first cut in the new steel that will become the newly constructed mid-section of the company’s new ship MS Star Legend.

Chinese, Japanese Firms Bid for Pakistan LNG Supply Contract

LNG is big business in Asia.

(Photo © Adobe Photo Stock / Arid Ocean)

A spot tender by Pakistan LNG to buy ten LNG cargoes for delivery later this year has received strong interest from several companies including Japanese and Chinese firms. JERA Global Markets, a subsidiary of the world’s largest LNG buyer JERA Co, and PetroChina International (Singapore), a division of PetroChina Co Ltd,

DP World Taps Kalmar for Indian Box Terminal Cranes

Cargotec company Kalmar is to supply RTGs to DP World for installation at the Nhava Sheva International Container Terminal in Mumbai, India.

(Photo: Cargotec)

Cargotec company Kalmar has been contracted by DP World to supply 15 rubber-tired gantry cranes (RTGs) for the Nhava Sheva International Container Terminal (NSICT) in Mumbai, India.The order includes 24 months of on-site maintenance support, with delivery scheduled to be completed during Q4 2020. NSICT

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