Wallenius Orders Up to Six LNG-fueled Car Carriers
Chinese shipyard CIMC Raffles on Monday announced it has secured an order to build up to six liquefied natural gas (LNG)-powered car carriers for Swedish shipping company Wallenius Lines.The order is for two initial ships, plus a pair of options—each for two additional vessels. The ships will be built at CIMC Raffles' Longkou yard in Yantai, China.Designed by Danish naval architect Knud E. Hansen, the Swedish flagged vessels will be 200 meters long…
US Okays LPG Exports to Venezuela
The U.S. government on Monday authorized shipments to Venezuela of liquefied petroleum gas, mainly used in the OPEC nation as cooking fuel and currently in short supply, causing people to burn large amounts of wood.The U.S. Treasury Department authorized through July 8, 2022, some exports and re-exports of the gas, known as LPG, to Venezuela that had not been permitted by executive orders in 2018 and 2019 during the Trump administration.The Office of Foreign Assets Control…
Smith Joins The SMS Group
U.K.-based ship repair and marine engineering services firm The SMS Group said it has hired Darren Smith head of business development, as the company sharpens its focus on the cruise and ferry sector. Smith, who is based in Southampton with a global remit, brings with him a wealth of experience and contacts from over 30 years in the industry.Dan Lockyer, head of interiors, said, “Darren’s appointment…
US Maritime, Justice Agencies to Partner on Antitrust Issues
The United States Federal Maritime Commission and the Department of Justice Antitrust Division on Monday agreed to boost cooperation and communication in their respective oversight and enforcement responsibilities of the ocean liner shipping industry.FMC Chairman Daniel Maffei and Acting Assistant Attorney General Richard Powers signed the first-ever interagency memorandum of understanding (MOU) between the two agencies on Monday.
Orkim Tankers Fit With Thordon's COMPAC System
China’s Fujian Southeast Shipyard has delivered four in a series of five new product tankers ordered by Malaysia’s Orkim Sdn Bhd.The 9000dwt Orkim Sapphire and Orkim Pearl, and 14,500dwt Orkim Diamond and Orkim Emerald represent the first vessels in the ship operator’s fleet to be fitted with a COMPAC seawater lubricated shafting system from Thordon Bearings.Working with the shipowner’s representative…
Downed Cargo Jet Found on the Seafloor off Hawaii
Investigators have located a Boeing 737-200 cargo jet that made an emergency water landing off the Hawaiian island of Oahu in the Pacific Ocean on July 2, the National Transportation Safety Board said on Friday.Transair Flight 810 was found approximately 2 miles offshore from Ewa Beach. The major components of the airplane -- the aft fuselage including both wings and tail along with both engines, and forward fuselage -- were located on the sea floor at depths between 360 and 420 feet…
Crowley to Build and Operate Fully Electric Tugboat
Crowley Maritime Corporation on Monday announced plans to build and operate an all-electric powered harbor tugboat capable of completing a job without expending a drop of fuel—a first in the U.S.The 82-foot-long vessel, dubbed eWolf, will be operational at the Port of San Diego’s Tenth Avenue Marine Terminal by mid-2023 and comes as Crowley and the maritime industry continue to make strides toward sustainability and decarbonization.
Seacor Power Bow Section Raised
Salvors have raised the bow section of the liftboat Seacor Power, which overturned in heavy seas in the Gulf of Mexico in April.The Donjon-SMIT salvage team lifted the bow section to the surface of the water and transported it by barge on Saturday to the Modern American Recycling Services, Inc. (M.A.R.S.) facility in Houma, La.Meanwhile, salvage work continues at the wreck site, where crews recently conducted more acoustic surveys of the stern and accommodation sections.
GTT Wins LNG Tank Design Orders from Samsung
French engineering firm GTT announced it has received an order from its partner the Korean shipyard Samsung Heavy Industries (SHI) for the tank design of three new…
EEX Launches Dry Freight Index Showing Cost of Carbon
German energy exchange EEX on Monday launched a zero carbon freight index (ZCFI) which combines the bourse's dry freight and emission permits prices to show operators how accounting for carbon emissions could affect freights.Decarbonization of the shipping value chain is already well underway and will continue to be front and center for ship owners, charterers and financiers in the decade ahead.The ZCFI comes as the European Union is due to unveil climate legislation this week which is likely to
ClassNK Verifies NSU's GHG Emissions
Classification society ClassNK said it has conducted a third-party verification of greenhouse gas (GHG) emissions from the entire value chain—including Scope 3 emissions—of shipping company NS United Kaiun Kaisha (NSU) and issued a GHG verification statement.While efforts to build a decarbonized society are being accelerated such as through strengthened GHG reduction targets in various countries and with the progress of sustainable finance…
Electric Boat's New Submarine Transport Barge Christened
Bollinger Shipyards on Saturday christened the Holland, an ocean transport barge for General Dynamics Electric Boat. The Holland will support the construction and maintenance of the United States Navy’s Columbia Class ballistic missile submarines and Virginia Class fast attack submarines. General Dynamics Electric Boat is the prime contractor on the design and build of the Columbia Class submarine…
Suez Canal Posts Record $5.84 Billion Annual Revenue
Egypt's Suez Canal revenue rose to a record $5.84 billion in its 2020-21 financial year (July-June), up from $5.72 bln in the previous year, the Suez Canal Authority said on Sunday.The Authority also said the canal's revenues in the first six months of this year increased to about $3 billion compared with $2.76 billion in the same period last year, despite the grounding incident of container ship Ever…
China Says It 'Drove Away' US Warship
China's military said it "drove away" a U.S. warship that illegally entered Chinese waters near the Paracel Islands on Monday, the anniversary of an international court ruling that held Beijing had no claim over the South China Sea.The USS Benfold entered the waters without China's approval, seriously violating its sovereignty and undermining the stability of the South China Sea, the southern theatre…
Ship Recycling Rates Approach $600/LDT
Sub-continent markets continue to fire on during the summer / monsoon months, as firmer steel plate prices and an increasing lack of available tonnage has invariably pushed sub-continent offerings on to previously unthinkable levels.Not since the boom year of 2008 have we seen levels quite so high, and as the mythical $600/LDT draws ever closer, we will certainly see some fresh sales records being set from over the past decade.Notwithstanding…
Shell to Supply PetroChina with Carbon Neutral LNG
Oil major Shell has signed a five-year contract with PetroChina to supply the Chinese company with carbon-neutral liquefied natural gas (LNG) cargos, Shell said on Monday.Many companies, particularly those in the fossil fuel industry are using tools such as carbon offsets to compensate for emissions they are unable to cut in their operations.For each cargo delivered under the agreement the two companies will "cooperate to offset life-cycle carbon dioxide equivalent (CO2e) emissions generated acr
LNG Bunker Vessel Marseille Completes Sea Trials Ahead of Deployment in France
The first LNG bunker vessel to be based in France has successfully completed sea and gas trials, marking another step towards the delivery and operational start-up.The new vessel, named Marseille, is TotalEnergies Marine Fuels’ second collaboration with shipowner Mitsui O.S.K. Lines, Ltd. (MOL) and shipbuilder, Hudong-Zhonghua Shipbuilding. TotalEnergies Marine Fuels and MOL signed a long-term charter contract in November 2019 and construction started in April 2020.