Europe News

Trader Gunvor and French major TotalEnergies have stored North Sea crude in at least four tankers in the past month as on-water stockpiling of the grades hits a 2-1/2 year high, a fresh sign of weak appetite for oil from refiners.At least 2.6 million barrels of North Sea crude grades Forties and Gullfaks have been put in floating storage in Europe, the highest volume since January 2022, according to data from analytics firm Vortexa.Physical oil markets have weakened globally in recent weeks…

North Star has secured debt investment of up to $543 million (£425 million) to fuel the next phase of its European offshore wind expansion, setting the target to add 40 hybrid service operation vessels (SOVs) to its fleet by 2040.The committed financial package of $287 million (£225 million) includes term facilities from existing lender, IFM Investors, and committed capex and working capital resources from banks including ABN AMRO (sustainability co-ordinator), AIB, NAB, Royal…

Damen Shipyards has partnered up with Atal Solutions and other parties to retrofit four bulk carriers for Bam Shipping with fuel-saving and emission reduction technologies.The industry partners will integrate eight different proven technologies, which will result in bulk carriers consuming at least 20% less fuel and reducing up to 99% greenhouse gases (GHG).The increased efficiency paves the way for these and other existing vessels to sail in compliance with recent regulations such as the Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII).Additionally…

Back-deck engineering specialist Maritime Developments (MDL) has committed $9 million (£7 million) of capital investment to expand its flexlay asset range.The investment covers six new pieces of modular equipment in MDL’s portfolio, including high-capacity tensioners and reel drive systems, as well as the most recent innovation - Wheeled Horizontal Lay System (WHLS).The Wheeled Horizontal Lay System, unveiled by MDL in 202, has already delivered the maiden unit to an offshore…

Palfinger Marine, an Austrian manufacturer of hydraulic lifting, loading, and handling systems for marine applications, has been contracted to supply a major equipment package for a new cable laying vessel, under construction at Vard for Prysmian.Following the previous orders to equip cable laying vessels Leonardo da Vinci and Monna Lisa, Palfinger Marine will provide deck equipment and lifesaving appliances (LSA) for another upcoming cable laying vessel built by Vard for Prysmian.Because the vessel is the evolution of Prysmian’s previous cable layers…

Turkish authorities seized 373 kilograms (822 lb) of cocaine shipped from Latin America and hidden in a container at the Turkish port of Gemlik, detaining nine suspects, Interior Minister Ali Yerlikaya said on Tuesday.The minister said on X that the operation against a criminal group trafficking drugs, "Operation Narco-Steel-20", was carried out in Istanbul and the northwestern city of Bursa.(Reuters - Reporting by Burcu Karakas; Editing by Daren Butler)

FreeStar Subsea Services, a Netherlands-based company established by the merger of Vriezoo ROV Services and Mark Offshore, has acquired its first vessel and started operations.The company offers remotely operated vehicle (ROV) and survey support services with its own vessel, the SSV Navicula Star, which was recently acquired the Royal Netherlands Institute for Sea Research (NIOZ).While most mid-sized subsea companies specialize in either vessel or ROV services, FreeStar’s owners…

Singaporean shipbuilder Strategic Marine has delivered two offshore wind Crew Transfer Vessels (CTVs) to UK-based Mainprize Offshore.The two 27-meter vessels are part of the UK-based CTV owner and operator’s ongoing fleet expansion and will add to its current fleet of 11 vessels.Scheduled for operations in European waters from July 2024 onwards, both vessels will be carrying out crew transfers in Europe.The vessels feature Supa-SWATH hull design for enhanced seakeeping with reduced…

Norwegian offshore vessel operator DOF Group has secured a ‘major contract’ from Petrobras for its pipelay support vessel (PLSV) Skandi Vitória.DOF secured a three-year firm contract, plus option, for its PLSV Skandi Vitória as part of an ongoing tender process.The contract starts in 2025, according to DOF.The vessel is Brazilian-built and flagged and owned by DOFCON Navegação, a joint venture between DOF Subsea (50%) and TechnipFMC (50%).kandi Vitória is an ROV construction support vessel…

Norwegian subsea services firm Reach Subsea has entered the agreement with vessel owner Havila Shipping to extend the charter for inspection, maintenance and repair (IMR) vessel Havila Subsea.The contract extension is for a firm period of three years, until the end of 2027, with tow one year options.“In a rising market, maintaining strong operational control over core assets is crucial. We are witnessing ongoing positive market trends, with our order book and tender volume consistently increasing year by year…

Danish subsea cable and services firm NKT has named its second cable laying vessel (CLV) NKT Eleonora, which has been designed to run on methanol.NKT Eleonora, meaning shining light, will boost the company’s offshore cable laying capacity and will be amongst the world’s first cable laying vessels designed to run on methanol.Equipped with three turntables, NKT Eleonora will offer a power cable-laying capacity of 23,000 tonnes and host a range of subsea tooling for precise installation…

Italian offshore energy services firm Saipem has signed a long-term charter contract with Chinese state-owned port and naval machinery manufacturer ZPMC for the JSD6000, a latest generation ship for offshore heavy lifting, construction and pipelaying.The signed contract provides for the bareboat charter of the ship for a five-year duration, plus two extension options of one year each.The vessel will be delivered to Saipem in June 2024 and will become part of the company’s fleet.Equipped with a DP3 dynamic positioning system and a heavy-lift capacity of up to 5…

Damen Shipyards has delivered the third fast crew supplier (FCS) hybrid vessel to Purus, designed to provide low emission crew transfer services to the offshore wind sector.The vessels are fitted with 190 kW battery arrays that enable them to sail zero emissions while in harbor and when loitering at offshore wind farms.In addition to their hybrid capabilities, the FCS 2710 Hybrids are IMO Tier III compliant, with significantly reduced NOX and SOX emissions. With this performance…

American Roll-On Roll-Off Carrier (ARC) has selected Swedish safety technology company LifeFinder for the supply of personal locator system that will be installed on its MV Patriot vessel.ARC recently completed the initial stage of a two-stage pilot program with LifeFinder, testing its personal locator technology.Based on the promising results from the first stage, ARC has committed to the second stage of the pilot which includes the full installation and operation of LifeFinder’s…

Estonia's state prosecutor said China has not responded to a six-month-old request for help with an investigation into a Chinese ship which Estonia suspects cut two of its subsea telecoms cables.The two cables connecting Estonia to Finland and Sweden were damaged on Oct 7-8, and an Estonia-Finland gas pipeline was broken the same night, hurting energy security and raising alarm bells in the wider region.Both Estonia, which is investigating the cables damage, and Finland, which is looking into the Balticconnector gas pipeline…

Dutch offshore installation firm Van Oord has secured a contract from RWE for the transport and installation of monopile foundations for the Nordseecluster offshore wind project in Germany.This project will be the first project for the Van Oord’s brand-new offshore installation vessel Boreas, which is currently under construction.Van Oord’s scope includes the installation of 104 extended monopiles as well as the installation of the scour protection. In 2025, 44 monopiles are planned…

North Star has secured a contract with Siemens Gamesa to build a hybrid service operations vessel (SOV) bound for long-term charter at the East Anglia THREE offshore wind farm in UK.Cochin Shipyard has been confirmed to build the SOV of VARD 4 19 design for North Star’s growing fleet.The high specification vessel will accommodate up to 60 of its client’s wind technicians as they support maintenance operations across all 95 wind turbines at the East Anglia Hub development. To ensure safe crew transfers…

CMB.TECH and Damen have signed collaboration agreement for four hydrogen-powered tugs.Built by Damen, the vessels will use CMB.TECH's dual fuel hydrogen technology that will significantly reduce emissions.The agreement was signed on May 23, 2024, the same day the classification society Lloyd’s Register presented CMB.TECH and Damen with an approval in principle (AiP) for the hydrogen solution that will be installed in the tugs.The dual fuel hydrogen ASD Tugs 2812 FF-H2, with 80-tonnes bollard pull…

Russian border guards have removed navigation buoys from the Estonian side of a river separating the two countries, the Baltic nation said on Thursday, adding that it would seek an explanation as well as a return of the equipment.Some 24 out of 50 buoys recently placed on the Narva river to mark sailing routes were removed in the early hours of Thursday the Estonian police and border guard said in a statement.Natural changes to the riverbed make it necessary to retrace shipping routes annually, the authority said, adding that the location of buoys between Russia and Estonia had been disputed s

Danish offshore wind installation firm Cadeler has signed an installation vessel reservation agreement with an undisclosed client, valued up to $760 million, for upcoming wind farm installation projects.If all options are exercised during the four-year agreement, it would represent the largest deal in Cadeler's history, with the potential value of the projects to be executed under the agreement estimated to be in the range of $430-760 million (€400-700 million).The agreement secures…

Kongsberg Maritime has been tasked to conduct energy efficiency upgrades on Solstad’s Normand Sentinel, one of its most prominent subsea construction vessels.This upgrade will see the vessel transition to Kongsberg Maritime’s electric rim-drive azimuth thrusters, marking a milestone in maritime energy efficiency.The Normand Sentinel, measuring 143 metres in length and boasting years of reliable service, is set to receive this upgrade during its next scheduled drydocking.The vessel’s…

Two companies said on Wednesday they are seeking offshore seabed acreage on the Norwegian continental shelf where they hope to explore for minerals, in what could be the start of a controversial new mining industry.The process puts Norway on track to become the first country to start commercial production from its continental shelf of metals useful in the transition from from oil and gas, such as copper, cobalt and zinc, as well as rare earth elements (REE).Nominations for acreage…

Danish offshore wind installation firm Cadeler has placed a $400 million order to COSCO Heavy Industries for the construction of its third A-class wind farm installation vessel, capable of transporting and installing seven complete 15 MW turbine sets per one loading.This will be the 11th vessel in Cadeler’s fleet, ordered ready to meet the growing offshore wind market demand.The third A-class vessel – Wind Apex – will feature the hybrid design, enabling it to convert from being…