Friday, March 24, 2023
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Montara FPSO Australia

Montara FPSO off Australia Resumes Operation After Six-Month Shut Down

Published Mar 23, 2023 7:53 PM by The Maritime Executive

More than six months after they were forced to shut down production on the Montara Venture FPSO offshore Australia, Jadestone Energy reports the vessel resumed production on March 21. The vessel, which is now 33 years old, faced numerous delays and challenges in the restart process that began with what was originally reported to be a small leak in the late spring of 2022. According to Jadestone, in a carefully planned restart program, production recommenced from the H6 well on...

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Sevastopol drone boat

Ukraine's Uncrewed Boats are Changing the Way Wars Are Fought

Published Mar 23, 2023 7:35 PM by Dr. Adam James Fenton

When Ukraine successfully deployed self-driving “drone” boats for a major attack on the Russian navy at Sevastopol in Crimea in September 2022 it was a defining moment that changed the future of naval warfare. Uncrewed surface vessels (USVs) have been used before, but this was the first instance of multiple, armed USVs, used simultaneously in combination with aerial drones for a successful, offensive naval operation on a military target. Several Russian ships were damaged in the attack, and the USVs were reportedly able to...

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Pixabay file image of a bulker

New Software Helps Vessel Operators Dial in the CII of Their Choice

Published Mar 23, 2023 7:28 PM by The Maritime Executive

Ship CII ratings have a direct impact on vessel value, according to recent brokerage data, and on earnings as well. Shipowners have an incentive to dial in the right CII for a vessel in order to keep it at a balanced level of financial performance and environmental performance - and now there's an application that can do precisely that.  A Swedish marine tech company, Qtagg, has rolled out a "CII mode" add-on for its EcoPilot voyage optimization system. The operator...

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methanol-ready cruise ship assembly

First Methanol-Ready Cruise Ship Begins Assembly in Finland

Published Mar 23, 2023 6:55 PM by The Maritime Executive

Assembly has begun on the first large cruise ship that is being built to be ready for methanol-fueled operations. With the placement of the keel block for Mein Schiff 7 into the dry dock at Meter Turku in Finland the cruise industry is among the shipping pioneers pursuing the emerging alternate fuel. The cruise ship is scheduled to be commissioned in 2024 with other firms including Norwegian Cruise Line, Disney Cruise, and Costa Cruises also moving forward with plans for...

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Offshore

Montara FPSO Australia

Montara FPSO off Australia Resumes Operation After Six-Month Shut Down

More than six months after they were forced to shut down production on the Montara Venture FPSO offshore Australia, Jadestone Energy reports the vessel resumed production on March 21. The vessel, which is now 33 years old, faced numerous delays and challenges in the restart process that began with what was originally reported to be a small leak in the late spring of 2022. According to Jadestone, in a carefully planned restart program, production recommenced from the H6 well on...

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Shipbuilding

methanol-ready cruise ship assembly

First Methanol-Ready Cruise Ship Begins Assembly in Finland

Assembly has begun on the first large cruise ship that is being built to be ready for methanol-fueled operations. With the placement of the keel block for Mein Schiff 7 into the dry dock at Meter Turku in Finland the cruise industry is among the shipping pioneers pursuing the emerging alternate fuel. The cruise ship is scheduled to be commissioned in 2024 with other firms including Norwegian Cruise Line, Disney Cruise, and Costa Cruises also moving forward with plans for...

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Environment

EnBW

German Utility EnBW Moves Ahead With 960MW He Dreiht Wind Farm

German utility EnBW has sanctioned construction of the 960MW He Dreiht offshore wind farm, moving ahead with development of one of the world's first zero-subsidy wind lease bids.  He Dreiht will be located about 45 nautical miles west of the island of Borkum, next to the Albatros and Hohe See wind farms. It will be the firm's largest wind farm to date and one of the largest in Germany. “In He Dreiht, we are building one of Germany’s largest offshore...

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Business

Euronav shareholder vote

Shareholders Back Euronav Electing Saverys and Fredriksen to Board

The debate for the future strategy and business direction of the large tanker operator Euronav will move to the supervisory board as shareholders largely backed Euronav’s proposal to reconstitute the company at today’s extraordinary shareholder meeting. The company had called for seating representatives from the two large shareholders who have been battling for control while not ousting all the existing board or favoring one side. The major proxy firms that review shareholder proposals and make recommendations to institutional investors had...

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