Turkey’s Dearsan Shipyard has floated out the second of two offshore patrol vessels (OPVs) that the company is building for the Nigerian Navy. Once completed, the OPV will have a steel hull, an aluminium superstructure, a length of 76 metres, a beam of 11 metres, a displacement of 1,100 tonnes, and...
The novelist Jodi Picoult once said that, “there are two ways to be happy: improve your reality, or lower your expectations.” Changing the world for the better is hard, but there have been a lot of expectations lowered in the offshore industry this week. Unfortunately, these reduced expectations seem to have produced little joy in […]
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We’ve passed Twelfth Night, so let’s look at some key numbers for the year ahead. This week’s lucky lottery numbers are 4, 10, 29, 177, and 470,000. Who is feeling lucky? Four newbuilds for wind: #1 Toyo Nature abhors a vacuum, and as Global Marine Systems, for two decades the former cablelay market leader, sinks […]
The post COLUMN | 2024 by the numbers: Cableships; methanol; the Nigerian Navy; BP and Equinor’s wind woes; Noble in Suriname and Colombia [Offshore Accounts] appeared first on Baird...
The South African Navy christens its newest patrol vessel while the Royal New Zealand Navy welcomes three new fast boats to its littoral warfare force. Construction meanwhile continues on a patrol vessel for the Nigerian Navy and a support ship for the Royal Canadian Navy. South African Navy christens second Warrior-class patrol vessel The South […]
The post Maritime Security Vessel News Roundup | November 1 – South African inshore patrol vessel, Canadian naval support ship and more appeared...
The money is still pouring into new wind vessels, even as the wider orderbook for new vessels to work in offshore oil and gas remains at zero, and has been for the best p ..
Sometimes you wonder whether a country that has hit rock-bottom can fall any further. In the case of Venezuela, it seems there is always worse to come. The death of the i ..
We were going to do a deep dive into corruption in Venezuela and Congo this week, but on Friday, finally, some good news from Abuja. Stop the press! The lengthy and unjus ..
The post COLUMN | Heroic Idun seafarers acquitted in Nigeria – Sing Hallelujah! [Offshore Accounts] appeared first on Baird...
Due to the Nigerian Navy’s improved maritime domain security following Nigeria’s removal from the International Maritime Bureau’s (IMB) list of countries with a high risk of piracy, the insurance premium paid by ships entering Nigeria for business has decreased from $5,000 to $946 dollars, according to Vice Admiral Awwal Zubairu Gambo, Chief of the Naval Staff, as reported by Vanguard.
War risk premiumAdmiral Gambo promised that “this accomplishment would be...
https://mfame.guru/the-risk-premium-for-cargo-ships-travelling-the-nigerian-route-is-now-946/
Nigerian singer-songwriter Rema is currently soaring high in the charts with his smash song Calm Down (here). Since last weekend was Nigerian presidential election weeken ..
A reader once criticised this column as “a bit ranty”. He should close his browser now and avert his eyes. This week’s column is not going to be a bit ranty; it is ..