• 2024 September 4 10:11

  Three FPSO units on order from Q2 2024 - Energy Maritime Associates

  

  After a year without a significant FPSO order, three units have been ordered since Q2 2024:
   A $8.16 Billion EPC award from Petrobras to Seatrium for the P 84 (Atapu 2) & P 85 (Sepia 2) FPSOs. Seatrium was the only bidder after COOEC withdrew its proposal for the P 84 FPSO.
   A $3.7 Billion order to Saipem to provide and operate an FPSO as well as the SURF package for Total’s Kaminho project in Angola.

  In addition, SBM announced that TotalEnergies had reserved a Fast4Ward hull for the Block 58 development offshore Suriname and will allocate the hull ordered in March 2023 at CMHI (China Merchants Heavy Industry). FID is expected in Q4 2024 with first oil in 2028. The FPSO is expected to have processing capacity of around 200,000 b/d. Following their model of having one available FPSO hull at all times, SBM ordered another unit from CMHI and has two slots available with CSSC-SWS in 2025.

  Additional floating production orders are expected in the second half of 2024 and into 2025. Energy Maritime Associates (EMA) has identified 29 projects that are most likely to be awarded within the next 12 months. These include 16 FPSOs, 7 FSOs, 3 FLNGs, 2 Semis, and 1 MOPU. These will be for multiple units in Brazil, new frontier regions such as Namibia and the Falkands, as well as the re-emergence of mature areas like Angola, Indonesia, Ivory Coast, and Malaysia. Over half of these orders would be leases. There could be up to five FPSOs awarded for Brazil. However, awards for leased Petrobras units could be further delayed, due to high prices and lack of competition.

  Further details are included in the 260 page Q3 2024 Floating Production Systems Report, which covers:
   177 Projects in planning pipeline
   52 Production floaters and 8 storage floaters currently on order
   23 Units currently available (14 FPSOs, 3 Semis, 2 FSOs, 2 FSRUs, 1 Barge, and 1 SPAR)
   345 production floaters and 114 storage floaters currently in service or available
   414 production floaters, 190 storage floaters, and 24 MOPUs delivered or redeployed since 1996

  Energy Maritime Associates (EMA), part of the Archer Knight Group, is recognized the foremost independent authority in delivering data and consultancy advice on the floating production market.

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2024 September 4

12:41	Bureau Veritas streamlines vessel and fleet compliance and performance with the launch of its new smart hub, MOVE
12:21	Adani Ports' records 5% increase in cargo volumes in August 2024
11:52	SIPG reports 23.13% revenue growth in H1
11:27	Hanwha Ocean begins overhaul of U.S. Navy logistics vessel in S. Korea
10:41	Alfa Laval receives Approval in Principle for its Gas Combustion Unit for hydrogen
10:11	Three FPSO units on order from Q2 2024 - Energy Maritime Associates
09:47	BAL Container Line orders two container ships from Jiangnan Shipyard for US$290 million

2024 September 3

18:04	Iran, Russia discuss development of transport corridors
17:43	Damen signs contract with Gerdes Green for a second Combi Freighter 3850
17:20	Power outage in Rotterdam port resolved, refineries impacted
16:59	China State Shipbuilding Corporation and China Shipbuilding Industry Corporation set to merge, creating the world's largest shipbuilder
16:04	Alfa Laval enables a safe ammonia-fuelled future with its innovative solutions
15:55	KNUD E HANSEN presents new concept of wind turbine maintenance platform
15:19	AtoB@C Shipping christens Stellamar in Ystad
14:59	Noatum Logistics launches new rail logistics solution for the Middle East region
14:39	Color Line to upgrade Ro-Pax vessels with Wartsila hybrid scrubber
14:23	Sealution’s Gateway awarded prestigious Type Approval by Lloyd's Register
13:58	CIMAC and Maritime Battery Forum publish paper on batteries in deep-sea shipping
12:40	Christiania Shipping to acquire 100% of the shares in NAVQUIM Holding from Sogestran Shipping
12:21	Shell signs ten-year LNG supply agreement with Turkish energy company
11:39	RMK Marine completes Europe’s largest inland LNG bunkering barge
11:04	Hapag-Lloyd trials NexusWave service
10:45	Australia increases its trade relations with Valenciaport
10:09	Lloyd’s Register to acquire Ocean Technologies Group from Oakley Capital

2024 September 2

18:00	MOL PLUS to invest in Global Fund 2 managed by UntroD
17:21	Concept Design Study reaffirms compressed hydrogen is an energy- efficient supply chain for regional Europe
17:05	Container carrier profits rise to more than $10 bln in Q2 2024
16:53	COSCO signs agreement for 42 bulk carriers
16:24	Gasum to supply Hapag-Lloyd with waste-based bio-LNG in accordance with winning ZEMBA tender
15:44	ABS expands presence in Western Australia
15:14	KONGSBERG signs agreement to sell its steering gear and rudder business to Norvestor
14:43	Philippine Ports Authority ensures drug-free ports through strict security measures
14:22	Annual oil spill response exercise successfully completed in Klaipeda
13:57	MSC MARIE ship becomes the largest capacity Neopanamax to cross the Panama Canal
12:30	Harren Group and SAL Heavy Lift launch the first of five planned Orca class heavy lift vessels
11:59	Djibouti offers Ethiopia management of Tadjourah port to ease regional tensions
11:26	Mammoet launches world’s strongest land-based crane
10:48	Chinese ports container volume rises 8.3 % from January to July of 2024

2024 September 1

16:02	Port of Gothenburg: The largest port expansion in 40 years opens
15:42	Jan De Nul awarded contract for Palm Jebel Ali marine works in Dubai
15:06	Mammoet launches world’s strongest land-based crane
14:39	Romania bids to take over Moldova's only river port
14:21	Viking announces expansion of China offering with new voyages starting in 2025
13:17	SeaLead relaunches Far East India Express 2 service
11:44	DNV report: Technological developments key to reducing maritime sector emissions
09:43	Sri Lanka ports container volume hits 1.54 million TEU

2024 August 31

16:03	Salvage of stricken oil tanker in Red Sea expected soon – Reuters
15:41	MSC enhances Santana and Carioca services for improved connectivity
14:13	LR commences IECRE certification of Carnegie Energy's CETO Wave Energy Converter
12:28	MSC MARIE ship sets record for largest cargo capacity – ACP
10:57	ONE launches BT2 service for extended coverage in Eastern Black Sea market (BT2)

2024 August 30

18:08	Dutch shipping firm Amasus installs WAPS on general cargo vessel
17:36	Japan coast guard plans to build its largest patrol vessel
17:06	Hexagon Purus Maritime supplies Freire Shipyard with hydrogen fuel system for new Greenpeace vessel
16:39	APSEZ acquires 80% stake in global OSV operator Astro Offshore for USD 185 mln
16:23	TT calls for concerted effort to arrest ship fire proliferation
15:44	COSCO SHIPPING builds twelve 14,000 TEU dual-fuel methanol container vessels
15:13	MAERSK SHEKOU collides with the tall ship in Australia
14:45	Global schedule reliability drops by 2.1 percentage points in July
14:15	New generation Parramatta class ferry enters service in Sydney
13:44	ClassNK publishes estimated leak frequencies of ammonia fuel from onboard components for ammonia-fueled ships
12:52	TMC wins large contract to equip 17 LNG vessels
12:23	ClassNK awards first-ever notation for safe transportation of EVs to MOL’s car carrier “CERULEAN ACE”
11:42	Samskip joins TECO 2030’s Horizon Europe project “HyEkoTank”
11:25	LR awards approval in principle for two Shiptec zero-emission hydrogen passenger ferries
10:58	Holland Shipyards Group secures contract for innovative floating hotel
09:58	Brunvoll to upgrade propulsion systems of two ice-class vessels of Utkilen AS

2024 August 29

18:00	Brunvoll signs contract with Aas Mek Verksted for the delivery of a propulsion, manoeuvring, and positioning system for new live fish carriers
17:31	Cepsa commences supply of biofuels to Norwegian Cruise Line Holdings at the Port of Barcelona
17:17	Uniper opens new storage facility for green hydrogen in Krummhorn, Bavaria