SRTS News

Norwegian owner Belships is further rejuvenating its fleet with the sale of its oldest ship and the addition of a five-year younger unit. The Oslo-listed firm has struck a deal to sell its 2015-built ultramax bulker to an undisclosed Norwegian buyer. The 63,000 dwt vessel is expected to deliver in ... read more

Australia’s Provaris Energy, formerly Global Energy Ventures (GEV), has teamed up with Stena’s Northern Marine Management to support the ongoing engineering and development of its compressed hydrogen carrier project. A memorandum of understanding between the two companies covers specialist technical and operational services to support Provaris’ 26,000 cu m vessel, ... read more

Nina Østergaard Borris, co-owner and current COO of Denmark’s United Shipping and Trading Company (USTC), is taking over the family-owned business as CEO, succeeding her father, Torben Østergaard-Nielsen, who will step back to chair the company’s board of directors.  Meanwhile, Ostergaard-Nielsen’s younger daughter, Mia Østergaard Rechnitzer, currently head of corporate ... read more

Norwegian engineering firm Aker Solutions has landed a sizeable contract from Equinor to deliver the subsea production system for the Halten East development offshore Norway.  Under the contract, worth between $52m and $156m (NOK500m-NOK1.5bn), Aker Solutions will deliver a complete subsea production system including seven standardised vertical subsea trees, five ... read more

Offshore engineering specialist Petrofac has secured a new contract from BP to provide offshore operations services for the Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal. The deal follows a contract from last May to develop operational procedures for the GTA. Petrofac said the contract was awarded following a ... read more

Fresh from gaining Monaco-based Scorpio Group as a backer to explore power solutions for the maritime industry, UK-based battery startup Britishvolt has agreed to acquire German advanced technology battery cell manufacturer EAS from Monbat Group for €36m ($38.5m). Britishvolt said that battery solutions from Nordhausen-based EAS have been adopted for ... read more

Semisub accommodation vessel owner Prosafe has been awarded a contract by Petrobras for the provision of the 2019-built flotel offshore Brazil. The contract, worth around $126m, has a firm period commitment of four years, with commencement set for end-March 2023. The deal follows a successful tender that was subject to ... read more

The 2022 edition of Posidonia, due to get underway early next month, will be Greece’s first ever sustainable event, as well as becoming the first maritime exhibition to receive an ISO 20121 certification. ISO 20121 is an international standard that provides guidance and best practice to help manage an event ... read more

More statistics relating to today’s record containership orderbook are pouring in. According to Alphaliner, there are now just under 900 ships totalling 6.8m teu due to be built at yards around the world. According to Alphaliner, the pipeline of container newbuildings is bigger than the combined existing fleets of Cosco, ... read more

World leaders are discussing sending warships to the Black Sea to ship Ukrainian grain overseas, a move previously dismissed by NATO commanders. With the war between Russia and Ukraine extending into its fourth month food prices have been leaping as the world seeks alternate supplies of grain with Ukrainian ports ... read more

With Ukrainian suppliers being deprived of their most important export ports, Romania’s flagship Black Sea port Constanta has emerged as one of the options to ease logistics pressures on the sector.  Since Russia’s invasion began three months ago, Romania, which has the largest border with Ukraine, has liberalised the transport ... read more

Ports in the Middle East took four of the top five spots in the second edition of the global Container Port Performance Index (CPPI) developed by the World Bank and S&P Global Market Intelligence. The study adds weight to the argument that much of today’s supply chain pains originate from ... read more

After more than doubling since the start of the year, the Baltic Exchange Clean Tanker Index has climbed to its highest level in over ten years on a quarterly basis, according to a new report from Singapore’s Eastport Research & Strategy, using April and May daily figures to date for ... read more

Facing a looming crew shortage, Taiwan’s shipping companies have joined forces with government to kickstart a renewed local recruitment and cadet drive. Seven Taiwanese shipping companies, including Evergreen, Yang Ming, and Wan Hai Lines, have vowed to work with the Maritime Port Bureau (MPB), maritime schools, and government agencies to ... read more

Yesterday in Zurich industry leaders from across the global maritime value chain came together to launch the All Aboard Alliance, with the aim of creating a platform for collaborative action to make the maritime industry more diverse, equitable, and inclusive as it battles other industries for talent. The All Aboard ... read more

The New Zealand government’s decision this week to pump NZ$30m ($19.4m) into a coastal shipping initiative has been hailed by local unions as the “biggest turnaround for the industry this century”. Funding for coastal shipping funding has been earmarked via the National Land Transport Programme (NLTP) to improve domestic shipping ... read more

US shipping conglomerate Crowley has inaugurated an LNG loading terminal in Peñuelas in the south of Puerto Rico. The facility will significantly grow Crowley’s service capabilities in Puerto Rico, delivering more than 94m gallons of LNG annually. Functionally, from Peñuelas, operators will load natural gas in its liquid form onto ... read more

China’s Wison Offshore & Marine has won a contract from compatriot Shandong Lankun Offshore Engineering for the construction of an offshore wind installation vessel fit for larger wind turbines. Under the contract, Wison Nantong Heavy Industry, a subsidiary of Wison Offshore Engineering, will be responsible for engineering, procurement and construction ... read more

The Jacksonville Port Authority (Jaxport) has completed its harbour deepening project through its Blount Island Marine Terminal. The project deepened 11 miles of the federal shipping channel – from the sea buoy to Blount Island – to a depth of 47 feet from its previous depth of 40 feet. (Deepening ... read more

Jose Mauro Coelho, who became CEO of Brazil’s state-owned oil company Petrobras on April 13, has been fired by President Jair Bolsonaro. Caio Mario Paes de Andrade, Special Secretary for Debureaucratisation, Management and Digital Government at the Ministry of Economy, has been appointed to replace Coelho. Petrobras said in a ... read more