The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday, aided by higher rates for capesize and supramax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 40 points, or 2.6%, to its highest in eight weeks at 1,598. …
Baltic index rises on strong capesize, supramax demand Read More »
Shippers — often called beneficial cargo owners or BCOs — are eager to outsource their supply chain and logistics technology operations. These enterprises that count the movement of goods as central to their operations have multimillion-dollar digital transformation budgets that are growing at double-digit percentages. Vendors specific to logistics technology, as well as those providing …
In 2021 two tiltable Norsepower rotor sails, certified by DNV, were retrofitted on board SC Connector, a Sea-Cargo Ro-Ro vessel operating in the North Sea. Captain Artur Sylwestrzak gives a compelling account of the before and after. Capt. Artur Sylwestrzak, Captain SC Connector Captain Artur Sylwestrzak graduated from the Maritime University in Gdynia, Poland. A …
Always on schedule with rotor sails – a captain tells his story Read More »
Tidewater Inc. announced revenue for the three months ended March 31, 2023 of $193.1 million compared with $105.7 million for the three months ended March 31, 2022. Tidewater’s net income for the three months ended March 31, 2023, were $10.7 million ($0.21 per common share) compared with a net loss of $12.2 million ($0.29 per …
GoodBulk Ltd., a leading owner and operator of dry bulk vessels, announces its financial results for the first quarter of 2023. Highlights •On 28 February 2023 the Board of Directors authorized the payment to Shareholders of $2.25 per share ($60.9 million) as dividend which was paid out on 3 April; furthermore, on 8 May 2023 …
Goodbulk Ltd. Spot Employment Outperforms The Capesize Market Read More »
This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. You can upgrade to premium access here. Ocean BlackHawk drillship; Source: Diamond Offshore U.S.-headquartered offshore drilling contractor Diamond Offshore Drilling has secured new contracts and extensions with higher day rates for …
The Elbehafen LNG terminal in Brunsbüttel, Germany has started its regular commercial operations. Courtesy of RWE At the beginning of May, an LNG cargo was delivered by the LNG Sakura vessel, marking the commencement of operations. The LNG terminal’s developer RWE said the commercial operations will be carried out by the federally owned Deutsche Energy …
Elbehafen LNG terminal starts regular commercial operations Read More »
Economic impact assessment spanning two decades of operations at the European Marine Energy Centre (EMEC) has valued the impact of the test center to UK economy to be over €420 million (£370 million). AWS’ Waveswing device and EMEC’s test support buoy offshore Orkney (Courtesy of EMEC/Photo by Colin Keldie) AWS’ Waveswing device and EMEC’s test …
EMEC’s marine energy activities brought in over €420M to UK economy, report finds Read More »
Exhaust gas cleaning systems manufacturer Ionada has joined the Green Shipping Programme, a public-private partnership that aims to advance the Norwegian government’s maritime strategies and plans. As a participant in the program, Ionada will work to develop a pilot onboard carbon capture system for the maritime industry using its innovative membrane technology. Image credit: Green Shipping …
Ionada joins pilot project to develop onboard carbon capture system Read More »
Dutch offshore services provider Boskalis has commissioned its new fallpipe vessel, used to protect cables and pipelines with rocks in order to prepare the seabed for the installation of wind turbine foundations and protect them from erosion. Source: Boskalis Boskalis reported on 5 May that it had held the naming ceremony for its new fallpipe …
