Latest News for: Vessel values

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Giorgia Meloni And Emmanuel Macron Debate Over Migrants

OWP 25 Nov 2022
Meanwhile, in Brussels, the European Commission reminds Italy that migrants must be allowed to disembark the vessel immediately ... The cooperation Italy expects won’t be found if they continue to ignore European values ... What Prime Minister Meloni did is wrong and against European values.
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Case closed: Bumi Armada's court appeal fails

Upstream Online 25 Nov 2022
Malaysian floater and vessel contractor Bumi ... The contractor posted a net profit of 149.7 million ringgit ($33.59 million) for the third quarter of 2022, however that was lower than the prior three months due to a downward revision in the estimated residual value of its vessels.
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Bumi sees brighter horizons as court case closes

Upstream Online 25 Nov 2022
Malaysian floater and vessel contractor Bumi ... The contractor posted a net profit of 149.7 million ringgit ($33.59 million) for the third quarter of 2022, however that was lower than the prior three months due to a downward revision in the estimated residual value of its vessels.
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Proman Stena Bulk christens its first methanol-fueled tanker

SAFETY4SEA 24 Nov 2022
Proman Stena Bulk formally named its first newbuild IMOIIMeMAX methanol-fueled vessel, Stena Pro Patria, in a ceremony hosted in Trinidad and Tobago on 23rd November 2022 ... Stena Pro Patria was delivered in June 2022 and has demonstrated a low EEDI (Energy Efficiency Design Index) value while running on methanol.
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China’s shipyards turn LNG newcomers with record order haul

Tradewinds 24 Nov 2022
Strong demand for LNG carriers and dual-fuel vessels has helped China’s shipyards to ...
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$1.1B Order from Seapeak Pushes Samsung Past $9B Mark for 2022

The Maritime Executive 23 Nov 2022
The contract, which is valued at $1.1 billion calls for the delivery of the new vessels in 2027 ... Samsung highlights that with this order it reached a record 35 LNG carrier orders in 2022 while so far, its total orders for this year are for 45 vessels ... This is the second consecutive year that the company has exceeded its target value for orders.
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Vard will Build Second Cable-Laying Vessel for Prysmian Group

The Maritime Executive 23 Nov 2022
Trieste, November 22, 2022 – Fincantieri has secured a contract for the design and construction of a second cutting-edge cable-laying vessel for Prysmian Group, the world leader in energy and telecom cable systems industry ... The contract value amounts to approximately euro 200 million.
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Delayed: Ocean commercial Dungeness crab season

The News Guard 23 Nov 2022
The ocean commercial Dungeness crab season opener is delayed until at least Dec. 16 for the entire Oregon coast ... Elevated domoic acid also was detected in some crab viscera (guts). Targeted to open Dec ... 16 ... Economic impact ... Fishermen brought in 12.2 million pounds of Dungeness crab coastwide with an ex-vessel value of $60.6 million in 2021 ....
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Fires top insurance claims

Splash24/7 23 Nov 2022
Extreme weather was a contributing factor in at least 25% of the 54 total vessel losses reported in 2021 ... In addition, the value of both vessels and cargo has been increasing at a time of growing exposures associated with bigger ships, with the rise of the 20,000+ teu global container fleet.
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Allianz: Fires, Cargo/Vessel Losses, Theft, Drive�Up Insurance Claims

The Maritime Executive 23 Nov 2022
Global insurance giant Allianz Global Corporate & Specialty released a new report analyzing the key trends driving marine insurance claims and it comes as no surprise that over the past five years fire, collision and sinking, and damaged cargo, are the top causes of marine insurance losses by value.
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Cadeler Orders Another WTIV to Meet Demand for Wind Farm Installations

The Maritime Executive 23 Nov 2022
The first vessel was valued at $345 million and the contract included an option for either a sister ship in the F Class or a third vessel for its previously ordered X class which is a similar sized installation vessel ... In line with the X-class vessels, the F-class will cater to some of the largest dimensions in the offshore wind industry.
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Allianz: Key trends driving marine insurance claims activity

SAFETY4SEA 22 Nov 2022
Inflation driving up the values of vessels, cargo and repairs in a time of growing exposures ... In addition, the value of both vessels and cargo has been increasing at a time of growing exposures associated with bigger ships, the largest of which can carry 20,000 containers at one time.
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Key trends driving marine insurance claims activity – from fire to inflation

Vietnam News 22 Nov 2022
Inflation driving up the values of vessels, cargo and repairs in a time of growing exposures ... In addition, the value of both vessels and cargo has been increasing at a time of growing exposures associated with bigger ships, the largest of which can carry 20,000 containers at one time.
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Powering the Use of Batteries

The Maritime Executive 22 Nov 2022
Integrating data from batteries and operational systems like the automation systems onboard as we did for Solstad Offshore, is a great way to prove the value of real time sensor data from vessels ... making vessel data available for real value creation in an application like Maress.

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