New Bulk Carriers to Feature Ammonia-to-Hydrogen Cracking
The Norwegian company Pherousa Green Shipping, together with Pherousa Green Technologies, has announced plans for up to six Ultramax dry bulk carriers which will feature ammonia-to-hydrogen cracking technology to provide fuel for onboard fuel cells.Deltamarin has developed the innovative long endurance ammonia-fueled Ultramax bulk carrier concept together with PGT.Metacon recently announced the delivery…
Yang Ming Orders Five Dual-Fuel LNG Container Ships
Taiwan’s Yang Ming Marine Transport Corporation has ordered five 15,500 TEU LNG dual fuel container ships from HD Hyundai Heavy Industries.The new vessels are scheduled to be delivered in 2026. They will be equipped with a high-pressure LNG dual fuel main engine. In addition, they will feature a ballast water treatment system, an advanced integrated system for navigational information and operation…
North Korea Missile Tests Endanger Shipping, IMO Warned
North Korean missile tests are endangering the safety of commercial shipping in busy sea lanes in northeastern Asia without enough time given for notification, several countries told a UN agency on Wednesday.Nuclear-armed North Korea's sixth satellite launch on Wednesday ended in failure, with the booster and payload plunging into the sea, but it still prompted emergency alerts and evacuation warnings…
Insights: Mike Ellis, CEO, American Commercial Barge Line
There is no shortage of challenges confronting the U.S. barging industry, and executives such as Mike Ellis, CEO at American Commercial Barge Line (ACBL), are leading their companies past hurdle after hurdle. The Jeffersonville, Ind.-based company, which owns a fleet of approximately 150 towboats and moves a fleet of some 4,500 barges (including roughly 3,500 operated by ACBL), is focusing on factors…
First PCTC Order Placed for a Methanol-Fueled Engine
China Merchants Heavy Industry has ordered two MAN B&W 7S60ME-LGIM (-Liquid Gas Injection Methanol) engines in connection with the construction of two 9,300 ceu (car equivalent units) PCTCs for China Merchants Energy Shipping (CMES).The order is the first order globally for the S60ME-LGIM variant, the first methanol-fuelled engine for a PCTC, and the first Chinese-built methanol engine.Engine manufacturer…
Shadow Tanker Fleet Poses New Safety Challenges
Ongoing and new threats posed by the ripple effects of the Ukraine conflict will create challenges to the shipping sector over the next 12 months and beyond, according to insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2023.Every year AGCS analyzes reported shipping losses and casualties involving vessels over 100 gross tons. During 2022, 38 total losses were reported globally, compared with 59 a year earlier.
Career Moves: US Offshore Wind Powering Up
In addition to wind, offshore wind demands human energy, individuals with knowledge and skills first to build and then operate and maintain the dozens of projects required to meet President Biden’s 2030 goal of 30 GW of offshore generation. In an October 2022 National Renewable Energy Laboratory report – “U.S. Offshore Wind Workforce Assessment” – the authors estimate that it will require, on average…
MetalCraft Awarded $31 Million USCG Patrol Boat Contract
Boatbuilder MetalCraft Marine Inc. (MCM) announced it has been awarded a $31 million contract from the U.S. Coast Guard (USCG) as part of the Long-Range Interceptor (LRI) III program. This is the second contract MCM has received for the design and build of their 11-meter high-speed Interceptor patrol boat.“Our previous Interceptor for the Coast Guard, the 11M LRI II, proved to be a very successful platform,” said MCM contracts manager Bob Clark.
CMA CGM Acquires La Méridionale, New Ship Orders Planned
The CMA CGM Group today finalized the acquisition of La Méridionale, a mixed-use freight and passenger shipping company established in Marseille since 1931. La Méridionale currently has four RoPax vessels, which operate up to 13 weekly crossings between Marseille, Porto Vecchio and Ajaccio, plus connections between Marseille and Morocco.The acquisition of La Méridionale complements the new division of the CMA CGM Group dedicated to specialized shipping operations.
Cyan, Taya in Offshore Wind Vessel Collab in Taiwan
Singapore-based Cyan Renewables said Wednesday it had signed a Memorandum of Understanding (MOU) to partner with Taiya Renewable Energy, a Taiwanese offshore wind farm development company. Under the MOU, Cyan and Taiya will collaborate to build vessel capacity, including CLV, FIV and WTIV vessels, and work together on deployment in Taiwan and other markets. The MOU also outlines partnerships on key infrastructure like offshore wind supply base…
Baltic Index Falls for the Month as Vessel Demand Wanes
The Baltic exchange's main sea freight index recorded its first monthly decline in four on Wednesday, on weakness in shipping rates across all segments, with lower coal demand dragging the capesize segment down in particular.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 146 points, or 13.0%, to its lowest since Feb. 27 at 977.The main index was down 38% for the month…
Crowley Invests in Tugdock's Floating Dry Dock Platform to Boost U.S. Floating Offshore Wind
U.S.-based maritime logistics and offshore services firm Crowley on Wednesday announced a new investment in Tugdock. Tugdock has developed "the world’s first road-transportable floating dry dock" known as the Tugdock Submersible Platform (TSP), to help advance offshore wind energy in the U.S.Crowley and Tugdock will explore the potential use of the platforms in locations such as the U.S. West Coast…
Damen Introduces Innovative ASD Tug 2111
Damen Shipyards Group has unveiled the latest vessel in its Compact Tugs product platform called the ASD Tug 2111.Siebe Cieraad, Damen Product Portfolio manager says: "As sea-going ships continue to increase in size, new challenges are arising in ports. Tugs are required to operate – safely – with less space, at the same time needing increased power to perform. This 21-metre harbour tug with 50 ton bollard pull is therefore a very exciting addition to our portfolio.”According to Damen Shipyards…
Europe's Biggest Gas Supplier Says All Clear from Offshore Pipeline Security Checks
Inspections of Norway's offshore gas pipelines after the Nord Stream blasts found nothing suspicious, an executive at energy major Equinor told Reuters, in the first official word on the security sweep.However, risks remain after last year's still-unexplained explosions at the Nord Stream pipelines built to carry Russian gas to Germany via the Baltic Sea, warned Jannicke Nilsson, who manages security for Equinor.Europe's largest gas supplier after a drop in Russian flows last year…
Thenamaris to install Starlink LEO Internet
Marlink will support shipmanager Thenamaris in its digital business transformation with the integration of Starlink within its smart hybrid network.Thenamaris is an existing user of Marlink’s Sealink VSAT with L-Band backup in part of its fleet and plans to add new LEO services – to provide an additional layer of capability onboard its vessels – a concept Marlink has created as a next generation solution.
Container Shipping Rate Collapse Continues
The ocean freight industry saw a slump in global long-term rates of unprecedented proportions in May, as the contracted cost of shipping containers fell by 27.5%. The development, detailed by Xeneta’s Shipping Index (XSI), marks the ninth consecutive month of rates drops, and is the largest ever monthly fall recorded on the XSI.“If industry observers were left wondering just how bad it could get for carriers after the 10% fall in long-term rates seen in April…
Rem Offshore Chooses Vard Electro's SeaQ Integrated Bridge for New CSOV Vessel
Vard Electro’s SeaQ Integrated Bridge solution is being implemented in the offshore wind sector for the first time, following installation on Rem Offshore’s newbuild construction service operation vessel (CSOV) Rem Power to assist in optimizing environmental performance.“We are making strong investments in new low-emission technologies to cut the environmental impact of offshore wind operations in line with increasingly stringent regulations and requirements from clients…
Goltens Worldwide Appoints Sandeep Seth CEO
Goltens Worldwide appointed Sandeep Seth as Chief Executive Officer.He joined Goltens in 2002 and occupied positions of increasing responsibility since then. Since 2019 he has served as company President, leading the organization through the challenges of the Covid-19 pandemic, overseeing the development of new capabilities and business lines, and positioning Goltens for growth.He has more than 32 years of experience spanning various industries…
Minerva Bunkering Starts Service in Suez Canal, Egypt Ports
Minerva Bunkering has completed its first ten bunker deliveries in Egypt, including to Hafnia’s MV Hafnia Azurite and Cargill Ocean Transportation’s MV Gat Feeling.
ABB's Whale's Tail-inspired Propulsion Concept Aims to Cut Marine Industry's Fuel Consumption, Emissions
ABB on Wednesday introduced what it said was a concept representing "revolutionary propulsion system breaking new ground for efficiency in the marine industry, inspired by the dynamic motions of a whale’s tail." The innovative concept is called ABB Dynafin.The new propulsion concept features a main electric motor that powers a large wheel rotating at a moderate 30-80 rounds per minute. Vertical blades, each controlled by an individual motor and control system, extend from the wheel.
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