NorthStar Midstream Forms LNG Marine Transport Firm
NorthStar Midstream, a portfolio company of funds managed by Oaktree Capital Management, L.P., has announced the formation of Polaris New Energy (“PNE”), a marine transportation company focused on the transportation and distribution of liquefied natural gas (LNG) along the coastal and inland waterways of the United States.NorthStar has executed an agreement with Fincantieri Bay Shipbuilding to build a 5,400 cubic meter (CBM), with the ability to potentially construct two sister barges, for coastwise transportation of LNG.
Wartsila Q2 Profits Dip on Weaker Demand
Finland's Wartsila Oyj missed second-quarter forecasts on Thursday and warned it expects demand to weaken for both its marine and energy businesses in the coming 12 months, sending shares in the engineering firm 8 percent lower.Its comparable operating profit fell to 113 million euros ($127 million) from 123 million and missing the 132 million forecast by analysts in a poll.Sales fell to 1.22 billion euros from 1.25 billion and missed the 1.37 billion forecast by analysts.Wartsila downgraded its outlook for its marine business to 'soft' from 'solid', due to lower vessel contracting volumes and
Alfa Laval 'confident' Despite Softening Scrubber Demand
Sweden's Alfa Laval reported a fall in quarterly orders on Wednesday on weaker-than-expected demand for ship exhaust cleaners and pumping systems, sending its shares sharply lower.Demand for so-called scrubbers which strip out sulphur from marine fuel has boosted the engineering group as well as Wartsila in the past few years as shipowners prepared for stricter sulphur emissions regulations from next year.Chief Executive Tom Erixon forecast higher sequential demand for Alfa's…
Incat Tasmania Exports 111m Ferry to Spain
Incat Tasmania’s newest 111-meter ferry has been handed over to her new Spanish operator Naviera Armas and departed Hobart late last night (16 July) for Spain.The ship, named Volcan de Tagoro (Incat Hull 091) is impressive in her distinctive red Naviera Armas livery. 091 completed sea trials over the past few days, loaded fuel and supplies yesterday for the delivery voyage to Spain, and has now left Australia.The delivery will be via Auckland, across the Pacific Ocean to Tahiti and the Panama Canal before crossing the Atlantic on her way to Spain.
DSV Rever Polaris Gets Engine Overhaul
New engineering work involving the overhaul of diesel engines on the offshore construction and dive support vessel (DSV) Rever Polaris, has been completed by power specialist Royston.Engineers undertook the DG1 and DG3 24,000 and DG4 36,000 running hours service on the generator engines on board the 113-meter-long vessel at A&P Tyne’s facilities in the North East of England, as part of a comprehensive refurbishment and maintenance program of critical power units.The 1999-built Polaris is part of Rever Offshore’s fleet consisting of specialist offshore support vessels (OSV)…
Incat Tasmania Launches 111 Meter Ferry
Incat Tasmania launched a 111-meter ferry -- Volcan de Tagoro (Incat Hull 091) -- from the shipyard at Hobart’s Prince of Wales Bay on June 15.Naviera Armas SA will operate the vessel on Spanish routes, including the Canary Islands. The company has an extensive fleet of vessels, and Volcan de Tagoro will be the fifth Incat vessel operating in the Armas fleet, however is their first newbuild from Incat Tasmania. The ship’s crew will soon arrive from Spain to observe the vessel…
ExxonMobil Launches Mobilgard M420
ExxonMobil has announced it has added Mobilgard M420 to its range of advanced marine lubricants.Mobilgard M420 is a 20 BN oil that has been rigorously tested specifically for use in medium speed engines using fuels that comply with the International Maritime Organization’s (IMO) global 0.50 percent sulphur cap. The lubricant has received No Objection Letters from leading engine builders, including MAN ES and Wartsila.With the marine fuel landscape changing in the lead up to 2020, Mobilgard M420 has been formulated for use on vessels running on 0.50 percent or 0.10 percent sulphur fuels.
Engine Overhaul for OSV Seven Atlantic
One of the world's most advanced diving support vessels has undergone a comprehensive power plant refurbishment and maintenance program.Engineers undertook the 30,000 running hour major service on the generator engines on board the 140-meter-long Subsea 7 Seven Atlantic, said power specialist Royston who completed the diesel engines overhaul.The work by Royston saw the Wartsila W7L32 diesel generator No.5 disassembled to install new cylinder heads, air start valves, indicator cocks, injectors and cylinder seals.
Wärtsilä EnergoProFin Gets Vancouver OK
Marine technology specialists Wartsila’s energy-saving propeller cap has been included in the 2019 Vancouver Fraser Port Authority’s EcoAction Program which offers harbor dues discounts for vessels calling at the Port of Vancouver that meet environmental best practices.The listing is in the vessel quieting category, which awards a 23 percent discount in harbor dues for vessels utilizing this technology. The incentive is given because the reduced cavitation offered by vessel quieting technologies reduces underwater noise.The aim is to encourage shipping companies to lessen their noise levels…
World's First: Wartsila Intros Hybrid Retrofit
The Finnish technology group Wärtsilä has signed an agreement with the international shipping company Hagland Shipping AS for a hybrid retrofit installation.The project will take place onboard the ‘Hagland Captain’, a general cargo vessel owned by Hagland Shipping. It will be the first project of its kind ever in short-sea shipping applications. The agreement was signed in December 2018.The installation of a Wärtsilä battery hybrid propulsion solution will significantly enhance the ship’s environmental performance by reducing its emissions, fuel consumption, and noise.
"Saint John Paul II" Delivered to Virtu Ferries
Incat delivered its latest large fast ferry, a 110-meter catamaran for Virtu Ferries of Malta dubbed Saint John Paul II.Saint John Paul II is the 44th large commercial fast ferry delivered by Incat and the sixth in excess of 5,500gt in the past decade; a decade also shared with 19 other Incat newbuilds of smaller passenger ferries and support vessels.“Using the latest computational fluid dynamics (CFD) and hydrodynamic free-running model test techniques, the well proven Incat Wave Piercing Catamaran hullform has been further developed for Mediterranean winter conditions…
Hybrid Ferry: Balearia's 125 Dual-Fuel RoPax Fast Catamaran
Balearia announced construction of the world’s first fast ferry for passenger and cargo powered by dual-fuel LNG engines. The Incat Crowther 125 design is a new class of ferry, being the first to use dual-fuel reciprocating engines and will also be one of the largest fast catamarans in service when it is delivered in 2020.The new design will be constructed by Spanish builder Astilleros Armon at their Gijon shipyard. The partnership of Astilleros Armon and Incat Crowther have together developed a high level of technical capability and capacity to deliver large aluminium catamarans.
Ship Owners Are Scrambling to Install Scrubbers
Ship owners accelerated installations of engine emissions cleaning systems this year ahead of stringent new rules in 2020 which sharply reduce the amount of sulphur ships can emit from the 3.5 percent in current bunker fuel to 0.5 percent, according to a report.Vessel operators can either switch to cleaner, but more expensive, marine gasoil or install scrubbers to filter sulphur from dirtier fuel oil.The looming change in International Maritime Organization (IMO) rules has impacted…
Royston Bringing Advanced Monitoring Tech to SMM
Advanced fuel monitoring and energy management technology, designed to deliver significant cost benefits for vessel operators, will be among the key attractions on the Royston diesel power SMM stand.Royston, an internationally based company operating in the global maritime sector for over 40 years, is an authorized representative for Niigata, GE, Yanmar, Volvo Penta, Scania, Napier Turbochargers.With bases in the U.K., Australia and West Africa, it works closely with customer fleets carrying out engine replacement or maintenance…
Wartsila's Ship Technology Outlook Brightens
Ship technology and power plant maker Wartsila missed profit expectations on Thursday, citing postponed energy projects, but new orders beat forecasts with the help of rising demand for its marine sulphur scrubbers.Shares in the Finnish company dropped 4 percent by 0920 GMT after second-quarter core profit came in flat from a year ago at 123 million euros, way below the 147 million euros expected by analysts in a Reuters poll.CEO Jaakko Eskola, however, said some sales had just…
Royston Completes FPSO Engine Overhaul
An engineering team from power specialist Royston has completed the overhaul of engines on a floating production storage and offloading (FPSO) vessel, operated by Bluewater Services.Engineers undertook the 16,000-hour service on the Wartsila W6L46 diesel engines onboard the 252m, 103,000 DWT Samsung built Haewene Brim, as part of a comprehensive refurbishment and refit of critical fuel and power systems.The FPSO has been operating in the Shell’s Pierce field located in the Norwegian sector of the North Sea for the past five years.
LNG is the Bridge to ‘Zero Emissions’ Shipping
The advent of industry wide tightening of allowable sulfur emissions is getting nearer. Suddenly, with the deadline now little more than one year away, the countdown clock will very soon be ticking much louder. Simply stated, the cap on allowable sulfur content in marine fuels, presently at 3.5 percent in many geographical regions, will be reduced to 0.5 percent in January 2020. The 0.1 percent sulfur cap, already in effect since 2015 in coastal Emissions Control Areas (ECAs) in Europe and North America…
New Rules on Ship Emissions Herald Sea Change for Oil Market
New rules coming into force from 2020 to curb pollution produced by the world's ships are worrying everyone from OPEC oil producers to bunker fuel sellers and shipping companies.The regulations will slash emissions of sulfur, which is blamed for causing respiratory diseases and is a component of acid rain that damages vegetation and wildlife.But the energy and shipping industries are ill-prepared, say analysts, with refiners likely to struggle to meet higher demand for cleaner…