Specialist Offshore Wind Installation Ship Launched in China

Norwegian owner Offshore Heavy Transports (OHT) said its newbuild vessel Alfa Lift has been floated-out from its drydock at China Merchants Heavy Industry (CMHI) shipyard in Jiangsu, China. The semisubmersible heavy installation vessel, which…

Crowley Promotes Warner to CFO

Crowley Maritime Corporation said senior executive Dan Warner has been promoted to chief financial officer, consolidating company’s enterprise-level financial strategy, resources and services under his leadership. Warner has served as senior…

Russia Launches Satellite to Monitor Climate in Arctic

Russia launched its space satellite Arktika-M on Sunday on a mission to monitor the climate and environment in the Arctic amid a push by the Kremlin to expand the country’s activities in the region.The Arctic has warmed more than twice as fast…

Iran Says It Was Not Behind Blast On Israeli-owned Ship

Israeli Prime Minister Benjamin Netanyahu blamed Iran on Monday for an explosion aboard an Israeli-owned ship in the Gulf of Oman last week, an accusation rejected by Tehran.The vehicle-carrier Helios Ray was hit between Thursday night and Friday…

Hesse Takes the Engineering Lead at FSG Shipyard

Flensburger Schiffbau-Gesellschaft (FSG) has a new Head of Engineering as of March 1, 2021, when Volker Hesse takes over the job. Hesse (47) is a mechanical engineer who began his career around 20 years ago at Blohm & Voss shipyard in Hamburg.

MARKET: Why Don’t OSVs Get Scrapped?

The OSV sector will be reliant on a hitherto unseen amount of scrapping to balance the market, writes Gregory Brown, Associate Director – Offshore, Maritime Strategies InternationalThere is a consensus that an OSV market recovery will only be driven a supply side rationalization.

Brunswick Appoints Arbuckle as Marine Autonomy Technology Lead

Brunswick Corporation, in a move to to build on its ACES (Autonomy, Connectivity, Electrification & Shared Access) strategy to develop solutions to further improve boater experiences, named Jason Arbuckle to a newly formed role of Marine Autonomy Technology Lead.

Sources say One-Third of Hin Leong Founder's Ships Sold Pay Down Debt

* Each VLCC raised about $30 mln* Bunker barges sold at $2 mln to $3 mln* Greek ship owners among buyersAbout one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as…

ENERGY: Oil Rises on Vaccine Optimism, U.S. Stimulus

Oil prices open March 2021 on a strong note, supported by optimism about COVID-19 vaccinations, a U.S. stimulus package and growing factory activity in Europe despite coronavirus restrictions.Brent crude was up 63 cents or 1% at $65.05 a barrel by 1150 GMT, and U.S.

Machado Named MD at Maersk Training UK

Maersk Training UK (MTUK) has appointed a new managing director as the company looks to expand its offering to the North Sea energy sector. Leonardo Machado joins MTUK having previously been managing director of the company’s operations in Brazil for six years.