Category: rivieramm

Alternative fuel newbuild ordering binge in 2024 pushes global fleet past 2,000 vessels Shipbuilders signed contracts for a record 515 alternative fuel-capable newbuilds, representing a 38% year-on-year growth, led by orders for 264 LNG-fuelled ships John Go to rivieramm

Stolt’s 2030 strategy melds fleet renewal, biofuel adoption Stolt Tankers reports its energy efficiency measures and fleet modernisation programme have helped the company substantially reduce its annual efficiency ratio by 36% from 2008 levels Edwin Go to rivieramm

LDA to build and operate up to three SOVs for Vattenfall Vessels will service the DanTysk and Sandbank offshore windfarms and the Nordlicht 1 and 2 windfarms David Go to rivieramm

Marine operations enhanced at Saudi Arabian ports The Saudi General Ports Authority has called on a classification society to develop operating procedures for tug masters and pilots Martyn Go to rivieramm

Prosafe secures Petrobras accommodation semi-submersible contract extension State energy groups in Brazil and Malaysia are generating contracts for support vessels in growth markets Martyn Go to rivieramm

Shell starts production from floating production facility Whale Whale will be drained through subsea infrastructure tied back to a semi-submersible production unit Martyn Go to rivieramm

UHL deploys weather routeing on heavy-lift ships A suite of tools use machine learning, digital twins and updated weather forecasts for safer voyages with project cargo Martyn Go to rivieramm

Thenamaris enters 2025 with a flurry of deliveries, approaching 100-vessel milestone The traditional Greek shipping company has been highly active in recent years, placing newbuilding orders, acquiring modern tonnage and selling older vessels Georgios Go to rivieramm

MI LNG Company renamed MILES Co Ltd MI LNG Company, a joint venture between Mitsubishi Heavy Industries Ltd and Imabari Shipbuilding Co Ltd, rebranded as MILES Co Ltd on 1 January 2025, reflecting its commitment to evolving maritime industry needs Craig Go to rivieramm

Will the UK government sanction engine manufacturers? Sanctions would target the supply chain that supplies small boats and engines used by illegal migrants to cross the Channel from France to the UK Martyn Go to rivieramm

Scotland’s First Minister apologises for heavily delayed ferries As the ferry Glen Sannox is finally handed over, Scotland’s first minister John Swinney has apologised to islanders impacted by the delayed ferries Rebecca Go to rivieramm

Greek owner Minerva linked to fresh container vessel S&P deal Andreas Martinos-led Minerva Dry is believed to be the new owner of 2,433-TEU, 2023-built CUL Qingdao Georgios Go to rivieramm

Dozens of countries back flat-rate carbon levy proposal for shipping Nearly 50 IMO member states are lining up behind a proposal to charge commercial vessels a flat fee for each tonne of carbon emitted  Jamey Go to rivieramm

And the winners of the 2025 OSJ Awards are… OSV industry professionals will gather at the Annual Offshore Support Journal Conference, Awards and Exhibition on 4-5 February 2025 to celebrate the accomplishments of their peers John Go to rivieramm

Costa Cruises: first LNG refuelling for cruise ship in Dubai A cruise ship has bunkered LNG at Dubai port for the first time Rebecca Go to rivieramm

US dockworkers’ strike averted, union thanks Donald Trump International Longshoremen’s Association says full deal, pending union vote, tentatively agreed to avert the restart of strikes at major US ports Jamey Go to rivieramm

Norwegian group acquires oil leak detection technology Transaction brings new technology to Kongsberg Discovery’s growing product portfolio Martyn Go to rivieramm

Vietnam’s Asia Pacific Shipping accelerates product and chemical tanker fleet expansion Asia Pacific Shipping invests in tonnage from Shanghai Waigaoqiao, K Shipbuilding, Wuhu and Guangzhou Shipyard International to expand its presence in the chemical and product tanker sectors Craig Go to rivieramm

Maritime tech deal expected to transform global positioning industry Two vessel positioning data providers have merged and plan to develop technologies for autonomous navigation Martyn Go to rivieramm

First gas flows at Greater Tortue Ahmeyim BP, Kosmos Energy, Petrosen and SMH celebrate first gas flow at the Greater Tortue Ahmeyim project, advancing Mauritania and Senegal’s LNG ambitions Craig Go to rivieramm

Fredriksen’s Seatankers tied to OCV newbuilding deal at PaxOcean PaxOcean has signed a contract for two state-of-the-art offshore construction vessels with an unnamed European shipowner Georgios Go to rivieramm

Analysts brace for challenging year in dry bulk commodities demand Chinese and Indian growth, with Trump’s potential tariff policy, are all shaping dynamics in iron ore, coal and agricultural trade Georgios Go to rivieramm

ADNOC begins hybrid voyage towards decarbonisation Abu Dhabi’s state-backed owner is piloting energy storage systems on its OSVs Martyn Go to rivieramm

As US blacklists China’s Cosco Shipping, analysts focus on trade impact With Cosco’s enormous fleet, the US’ blacklisting has sparked widespread analysis of potential market effects across multiple sectors Georgios Go to rivieramm

Intercargo’s new chairman champions innovation, sustainability for 2025 John Xylas highlighted the resilience demonstrated by dry bulk companies in the face of significant challenges Georgios Go to rivieramm

Marine bunkering terminal opens in British Columbia Tugs are helping to bunker oceangoing ships at a new terminal in western Canada Martyn Go to rivieramm

Australian LNG import terminal nears completion amid gas shortfall concerns Squadron Energy’s Port Kembla Energy Terminal, Australia’s first LNG import facility, is completed and set to commence operations in 2026 to address eastern Australia’s anticipated gas shortfall Craig Go to rivieramm

Biden looks to block offshore drilling on millions of acres of federal lands Days before leaving office, President Biden looks to thwart plans of President-elect Trump to increase offshore oil and gas drilling using decades-old law John Go to rivieramm

Engage Marine expands fleet following multi-port licence award  New tugs will service ships in Queensland ports, increasing the Australian company’s owned and operated fleet to more than 40 vessels Martyn Go to rivieramm

Greek shipping investments slowed in 2024 despite container, LPG ordering rally Greeks focused on maintaining their dominance in the tanker market, while capitalising on the revitalised container vessel sector and strong momentum in the LPG carrier market Georgios Go to rivieramm

Windward sold to US capital investor with expansion plans AI-driven maritime intelligence provider Windward has agreed to a takeover bid from FTV Capital that values the company at US$270M Martyn Go to rivieramm

Global oil demand growth set to accelerate in 2025 Global oil demand growth will accelerate in 2025, led by petrochemical feedstocks, as transport fuel demand remains subdued, according to the IEA’s December 2024 report Craig Go to rivieramm

Mississippi ASD tractor tug named 31-m tractor tugboat was built by a US shipyard for Bisso Towboat to handle ships at Louisiana ports Martyn Go to rivieramm

Equinor secures financing package for Empire Wind 1 offshore windfarm Due to strong interest from lenders, Empire Wind 1 was able to secure competitive terms David Go to rivieramm

BW LPG completes VLGC fleet acquisition from Avance Gas BW LPG completes US$1Bn acquisition of 12 very large gas carriers from Avance Gas, solidifying fleet expansion and positioning Avance Gas as BW LPG’s second-largest shareholder Craig Go to rivieramm

Titan joins twin in major Adriatic port Another powerful harbour tugboat has started handling ships at Croatia’s main seaport Martyn Go to rivieramm

UAE NOC executive demands industry reset on fleet renewal and operations A senior UAE national oil company executive has issued an unprecedented challenge to the offshore support vessel industry, criticising its approach to fleet renewal and operational solutions, while revealing significant opportunities in the Middle East shallow water market Edwin Go to rivieramm

Rawabi Vallianz Offshore Services adds three shallow-draught AHTS newbuilds As part of fleet renewal, Saudi OSV owner expanding AHTS capability with 10 shallow-draught newbuilds John Go to rivieramm

Seadrill ‘all in’ on deepwater drilling, adds US$1Bn in backlog Big Board-listed drilling contractor sells benign jack-up rig, and wins contracts for ultra-deepwater drillships that will add US$1Bn to backlog John Go to rivieramm

Nortrans Offshore’s flotel contracted for Black Sea gas project DP-3 flotel has been awarded a 160-day contract to support Saipem’s Neptun Deep Gas Development Project offshore Romania in the Black Sea John Go to rivieramm

What chemical and product tanker owners want in 2025 Chemical and product tanker owners seek solutions for decarbonisation, regulatory compliance and costs in 2025 Craig Go to rivieramm

What large tanker owners and operators want in 2025 The large tanker industry prepares for 2025 challenges: fleet renewal, fuel diversity and geopolitical risks are shaping operators’ priorities Craig Go to rivieramm

Three new all-electric tugs to be built for Port of Corpus Christi Backed by US$105M US EPA grant, three owners will each build an all-electric tug for tanker assist services at the Port of Corpus Christi John Go to rivieramm

Finland investigates tanker after cable damage Authorities suspect Eagle S tanker of damaging subsea cables with its anchor in the Gulf of Finland Craig Go to rivieramm

2024’s top stories in LNG Shipping & Terminals We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

2025 in container shipping: methanol, ammonia and LNG Container Shipping and Port Technology lays out the hot picks for the industry Rebecca Go to rivieramm

Alfons Håkans adds powerful ice-class tug to its fleet Family-owned Finnish owner enhances Baltic Sea tug fleet with ice-class newbuild built at Sanmar Shipyards John Go to rivieramm

MOL tied to US$500M order for three VLECs at Samsung MOL has been actively expanding its newbuilding portfolio, which spans bulk carriers, tankers, vehicle carriers, and increasingly, gas carriers Georgios Go to rivieramm

2024’s top stories in Ballast Water Treatment Technology We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

With US$11.69Bn in orders, Chinese shipbuilder surpasses FY 2024 target by 259% Chinese shipbuilding group wins orders for 98 ships, delivers another 57 and has total backlog of US$22.14Bn as of the end of Q3 2024 John Go to rivieramm

2024’s top stories in Container Shipping & Port Technology We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

2024’s top stories in Offshore Support Journal We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

2024’s top stories in Passenger Ship Technology We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

Unveiling fuel options for MSC’s container fleet MSC Group’s Bud Darr singles out what the fuels of choice might be for the container sector – and what the company’s container line is doing in this domain Rebecca Go to rivieramm

2024’s top stories in Tanker Shipping & Trade We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

2024’s top stories in Offshore Wind Journal We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

2024’s top stories in Marine Propulsion & Auxiliary Machinery We look back on our most read stories to get a better view, from you, of the topics that shaped the industry in 2024 Riviera Go to rivieramm

Oil companies should reconsider age restrictions As fleets age, energy companies and EPC contractors will be unable to find suitable and available support vessels under 20 years old Martyn Go to rivieramm

NYK, Yusen unveil GHG emissions-management platform The Japanese shipping group and logistics company joined forces to introduce a digital platform to manage carbon emissions Martyn Go to rivieramm

2024 in LNG shipping and terminals: US market speculation, thriving FSRU sector MOL, CLP Power, HK Electric, Keppel and Technip Energies were central to reports on FSRU innovations and LNG demand growth Craig Go to rivieramm

How CO2 capture and storage in maritime has developed in 2024 CO2 developments in 2024 featured Northern Lights, Capital Gas and DNV’s insights into carbon capture, LCO2 shipping and storage advancements Craig Go to rivieramm

Ballast water treatment industry navigates 2024 challenges In 2024, ballast water treatment leaders explored new technologies and compliance solutions amid evolving global regulatory challenges Craig Go to rivieramm

Shell awards subsea contracts for deepwater oil development offshore Nigeria One of the largest untapped oil fields in the Gulf of Guinea will be developed with subsea hardware tied to a 19-year-old FPSO Martyn Go to rivieramm

Bill looks to boost US shipyards, triple size of US-flag internationally trading fleet   SHIPS for America Act would bolster US-flag international fleet and revitalise shipbuilding industrial base, with new significant maritime policy changes to counter China’s growing sea power John Go to rivieramm

New RightShip inspection policy will reshape dry bulk fleet, says DryDel’s Delaportas  Costas Delaportas told Riviera that RightShip inspection rules are likely to redefine fleet management strategies and financial planning for shipowners Georgios Go to rivieramm

Tug market 2024 review: alternative fuels, batteries, design innovation and corporate deals International Tug & Salvage reviews the highlights and the trends emerging in the tug, towage and salvage sector in 2024 Martyn Go to rivieramm

Smart containers help reduce onboard fire risks Technology can detect outbreaks earlier, helping to reduce total losses and seafarer fatalities Martyn Go to rivieramm

Navantia strikes deal to save Harland & Wolff shipyards Spanish shipbuilder agrees to purchase UK shipbuilder, saving 1,000 jobs John Go to rivieramm

Bulk carrier fleet balancing between sustainable expansion and overcapacity While bulk carrier newbuilding activity has regained momentum, strong charter markets are keeping shipowners from selling older vessels for demolition, resulting in continued fleet growth Georgios Go to rivieramm

Steel cutting ceremony kicks off Saltchuk Marine’s low-emission newbuild tug programme A steel cutting ceremony at Eastern Shipbuilding Group was held for the first of four Robert Allan Ltd-designed escort tugs for Saltchuk Marine John Go to rivieramm

FPSOs drive South America’s oil surge Floating, production, storage and offloading units underpin growing oil and gas production from Brazil, Guyana and Suriname, making the region an emerging force on the global energy stage John Go to rivieramm

Rem Offshore’s new IMR vessel has zero emissions in its future Armed with an historic long-term charter, Rem Offshore is collaborating with a ship designer, shipbuilder and power systems integrator to construct a newbuild subsea vessel that will source its power from biomethanol, biodiesel and batteries John Go to rivieramm

Caspian Offshore Construction adds Damen-built shallow-draught tug Caspian Lotus is a shallow-draught Shoalbuster built to support dredging and port operations in the Middle East Gulf Martyn Go to rivieramm

Sanctions begin to bite: new insurance verification requirements aim to disrupt ‘shadow fleet’ Maritime experts predict that new measures will have a major impact on the ’shadow fleet’, with over 200 vessels already flagged for inadequate insurance coverage Georgios Go to rivieramm

1.9-GW Korean auction gives big boost to floating offshore wind Equinor secures award for 750-MW Firefly/Bandibuli project as four bottom-fixed projects also secure deals David Go to rivieramm

How AI is charting a new course for offshore logistics  Data is the lifeblood of the offshore support vessel sector and AI provides the insights for optimising operations and logistics Martyn Go to rivieramm

Sinokor Merchant Marine to deploy AI in groundbreaking project KR, Sinokor and HD Hyundai Marine Solution join forces to transform ship maintenance with advanced condition-based maintenance technology Rebecca Go to rivieramm

Strong supply-demand fundamentals lure Greek owners to offshore Marinakis-led Capital Offshore and other Greek owners flock to OSV sector, ordering newbuilds amid a robust chartering picture and healthy supply-demand fundamentals George Go to rivieramm

TMS boosts LPG fleet with Evalend’s newbuild VLGC Serial shipbuyer George Economou has reportedly purchased a newly built VLGC from Kriton Lendoudis, an expert in resale deals Georgios Go to rivieramm

Danish Energy Agency issues establishment permit for Jammerland Bugt offshore windfarm Project south of Kalundborg between the peninsulas of Asnæs and Reersø has been more than a decade in the making David Go to rivieramm

OSV industry faces digital transformation hurdles amid regulatory and infrastructure challenges OSV industry leaders discuss the challenges of the digital transformation that is expected to reshape the offshore support sector through 2027 and beyond Edwin Go to rivieramm