Maritime Vessels Directory

In its storied 135-year history of NYK, Akihiro Mori now holds a distinguished place in the company, as effective April 1, 2020, Mori becomes the first internally trained seafarer promoted to captain.The story is an important one for the maritime industry as a whole, as the plight of the seafarer and the ongoing quest to find and groom the ‘next generation’ is universally shared in 2020.In fiscal 2006, NYK became the first shipping company in Japan to hire graduates from ordinary four-year universities to undergo extensive in-house training for positions on board vessels.“Although the seafarer profession is tough and challenging, it is a worthwhile lifetime path,” said Mori.

BW Offshore's FPSO Stuck in New Zealand

6 hours ago

FPSO-leasing company BW Offshore has been unable to remove the Umuroa FPSO from the Tui field in New Zealand following the contract termination, client liquidation, and the country's court and environment regulator intervention.The company was in October 2019 informed by the client Tamarind Taranaki (TTL), a subsidiary of Tamarind Resource, the FPSO contract would not be extended after December 31, 2019.BW Offshore then said it would undertake work to disconnect and demobilize the FPSO, expecting to disconnect from the field and sail away to Singapore by the end of March.

Petrobras Idles Six Platforms in Campos Basin Due to Coronavirus

10 hours ago

Brazil's state-run oil company Petroleo Brasileiro SA said in a letter to the workers union on Thursday that it will idle six oil and gas platforms in five fields of the Campos basin due to the coronavirus epidemic.The company said the idling was aimed at reducing costs in the middle of the crisis hitting the oil industry, the letter seen by Reuters said.It comes at a time when Petrobras is trying to adapt to the new scenario of oil prices that have fallen about 50% this year due to the retreat in demand during the pandemic and the price war sparked by Russia and Saudi Arabia.The letter dated on Wednesday said the current crisis was the worst in 100 years.

Eastern Gets Green Light to Build Second Offshore Patrol Cutter

10 hours ago

Eastern Shipbuilding said the U.S. Coast Guard executed a modification to the contract to build the second Offshore Patrol Cutter (OPC) and Long Lead Time Materials for the third OPC. These accomplishments result from successful completion of a Production Readiness Review (PRR) in February 2020.Eastern’s President Joey D’Isernia said, "Today represents not only the continuation of production for the USCG’s future replacement of their 210-foot and 270-foot class Medium Endurance Cutters, but also an important step in the continuing recovery of Northwest Florida and ESG post Hurricane Michael.

OPEC+ Outlines Record Oil Production Cut; Mexico Balks

15 hours ago

OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.But the group, known as OPEC+, said a final agreement was dependent on Mexico signing up to the pact after it balked at the production cuts it was asked to make. Discussions among top global energy ministers will resume on Friday.The planned output curbs by OPEC+ amount to 10 million barrels per day (bpd) or 10% of global supplies, with another 5 million bpd expected to come from other nations to help deal with the deepest oil crisis in decades.

Maritime Reporter and Engineering News (March 2020)

Cruise Shipping Annual