Torvald Klaveness and Marubeni Expand Partnership
After three successful years as joint partners of Baumarine by MaruKlav, the world's largest Panamax Pool, Marubeni will take a 25% stake of Klaveness Dry Bulk.The deal includes the operating arm Klaveness Chartering, the Baumarine Pool and Market Manager, a recently commercialized digital freight offering."The Torvald Klaveness group and Klaveness Dry Bulk have delivered significant results, not only for the Marubeni fleetâŠ
Denmark Says Fatal Fall of Polish Mother, Son from Ferry Was Not an Accident
The deaths of a Polish woman and her 7-year-old son last week following their plunge from a Baltic Sea ferry travelling from Sweden to Poland was not an accidentâŠ
Rain Raises Rhine River Water in Germany, North Still Too Shallow
Water levels on the river Rhine in Germany have risen after rain but are still too low in northern and central areas for cargo vessels to sail fully loaded, commodity traders said on Monday.Dry weather in June meant the river became too shallow for vessels to sail fully loaded and vessel operators imposed surcharges on freight rates to compensate for vessels sailing partly empty, increasing costs for cargo owners.The Rhine is an important shipping route for commodities such as grainsâŠ
Singapore Shipping Association President Caroline Yang Reelected
The Singapore Shipping Association (SSA) announced its president Caroline Yang has been reelected for another two-year term.In addition, seven ordinary members of the SSA were first elected during the associationâs 27th AGM on June 28. The 2023/2025 council also co-opted four members into their council. There are two more members that the elected council will need to co-opt into the council.Yang has been at the helm of the association through some of shippingâs most challenging times.
First Test of Ammonia Fuel Cell System a Success
Norway-based Alma Clean Power announced it has successfully tested the world's first 6 kW direct ammonia fuel cell system.Alma Clean Power is working to develop modularized Solid Oxide Fuel Cell (SOFC) systems for applications in the ocean space, and it says the the 6-kW unit is the first building block of a complete 100-kW SOFC module. The test validates the companyâs design of a direct ammonia fuel cell (DAFC) systemâŠ
EU Weighs Concession to Russian Bank over Black Sea Grain Deal
The European Union is considering a proposal for the Russian Agricultural Bank to set up a subsidiary to reconnect to the global financial network as a sop to Moscow, the Financial Times said on Monday.With the bank under sanctions, the move aims to safeguard the Black Sea grain deal that allows Ukraine to export food to global markets, the newspaper said.The European Commission had no comment while the Kremlin on MondayâŠ
National Security Cutter Calhoun Completes Builder's Trials
The U.S. Coast Guardâs newest national security cutter, Calhoun (WMSL 759) has successfully completed builderâs sea trials, HIIâs Ingalls Shipbuilding division announced.The shipâthe 10th Legend-class cutter built by Ingalls for the Coast Guardâsuccessfully tested propulsion and auxiliary equipment, as well as various ship systems, the Pascagoula, Miss. shipbuilder said.âEvery successful sea trial is a major accomplishment for our shipbuildersâŠ
Archaeologists Plan Rescue of 2,500-year-old Phoenician Shipwreck
A group of Spanish archaeologists have made detailed diagrams of a 2,500-year-old Phoenician shipwreck to help work out how best to recover it from the sea before a storm destroys it forever.The eight-metre-long Mazarron II, named after the municipality in the southeastern Spanish region of Murcia where it was found off the coast, is a unique piece of ancient maritime engineering.Nine technicians fromâŠ
UN Chief Urges Net Zero Emissions Agreement for Shipping by 2050
United Nations Secretary-General Antonio Guterres on Monday called for agreement to reach net zero greenhouse gas emissions by 2050 at crunch shipping talks in London this week and urged decarbonisation efforts to move faster.China, however, is pushing back on the targets, according to a diplomatic note issued by Beijing.Shipping, which transports around 90% of world trade and accounts for nearly 3% of the world's carbon dioxide emissionsâŠ
HLP's Jacket Loading Approach Promises up to 60% Reduction in Offshore Wind Farm Logistics Costs
Adopting a new approach to marshaling and load-out of wind farm jackets could cut logistics costs for project developers by as much as 60%, according to Heavy Lift Projects (HLP).HLP is an offshore wind farm logistics firm set up in 2021 to "to bring a fresh approach to offshore wind farm logistics at a time when the equipment and expertise needed to meet the boom in installation is being stretched by a lack of capacity."In a statement on MondayâŠ
Solstad Offshore Sells 2009-built AHTS
Solstad Rederi AS, a subsidiary of the Norwegian offshore vessel owner Solstad Offshore, has sold the AHTS Elang Laut 1.The 2009-built vessel has been in layup in Asia since 2019. Delivery of the vessel to the new owner took place today, July 3, 2023," Solstad Offshore said.Solstad Offshore said that the sale of the vessel, at one point known as Sea Eagle 1, will result in an immaterial accounting effect.Solstad Offshore did not say who the buyer of the Elang Laut 1 was.