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Tuesday, March 19, 2024
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New Builds News

13 Mar 2024

Zim Reports Fourth Quarter Loss

© Dmitry Pistrov / Adobe Stock

ZIM Integrated Shipping Services has announced consolidated results for the three and 12 months ended December 31, 2023, noting a net loss for the fourth quarter of $147 million (compared to a net profit of $417 million in the fourth quarter of 2022).The net loss for the full year, including a $2.06 billion non-cash impairment loss, was $2.69 billion (compared to a net profit of $4.63 billion for the full year of 2022).Adjusted EBITDA for the fourth quarter was $190 million, a year-over-year decrease of 80%.

11 Mar 2024

Norway’s BOA Group Orders Two Damen Tugs

(Image: Damen)

Dutch shipbuilding conglomerate Damen Shipyards Group announced it has signed a contract with BOA Group for two ASD Tugs 3010 ICE. Due to Damen’s practice of constructing vessels in series for stock, the tugs were already under construction at the time of order and will be delivered later this year.BOA’s fleet consists of specialized offshore vessels, semi-submersible barges and harbor tugs. The order for these two Damen tugs is a part of the Norwegian company’s strategic fleet…

06 Mar 2024

Safe Bulkers Sells Two Vessels

© Volodymyr Kyrylyuk / Adobe Stock

Dry bulk shipowner Safe Bulkers on Wednesday announced it has reached deals to sell two of its vessels to undisclosed buyers.Through separate agreements, the Monaco-headquartered company will sell the 2010-built 92,000 dwt Post-Panamax Panayiota K at a gross sale price of $20.45 million and 2011-built 75,000 dwt Panamax Paraskevi 2 at a gross sale price of $20.3 million.The ships are scheduled to be delivered to their new owners in April and July 2024 respectively.Dr. Loukas Barmparis…

06 Mar 2024

Hanwha Ocean Lays Keel for Cadeler WTIV Wind Maker

(Photo: Cadeler)

South Korean shipbuilder Hanwha Ocean has laid the keel for Cadeler’s newbuild wind turbine installation vessel (WTIV), Wind Maker.The vessel was ordered in 2021 by Eneti, which was acquired by Denmark-based Cadeler in 2023. The vessel was to be named Nessie under previous ownership.The Gusto MSC NG16000X self-propelled jack up will be fitted with a Huisman 2600t at 31m radius leg encircling crane, allowing the installation of 14MW+ offshore wind turbines. It will feature a main deck area of 5…

04 Mar 2024

Fjord1 Orders Autonomous Zero-emission Ferries

(Image: HAV Design)

Norwegian ferry operator Fjord1 has ordered a series of four autonomous zero-emission ferries to operate the Lavik-Oppedal crossing on the northwest coast of Norway.The newbuilds were designed by Norway-based HAV Design and will be built by Tersan Shipyard in Turkey.According to HAV Design, which will deliver ship design and an engineering package for all four vessels, said the design is based on a future-oriented operating concept developed alongside Fjord1. The ferries will…

01 Mar 2024

Cochin Shipyard Cuts First Steel for SAMSKIP's Zero-emission Containership

(Image: Samskip)

Indian shipbuilder Cochin Shipyard has cut first steel for the first vessel in Samskip's new series of zero-emission, autonomous ready shortsea containerships.The first of two contracted vessels, Samskip SeaShuttle, will also be among the world's first zero-emissions short sea container vessels fueled by green hydrogen.The 135-meter-long containerships were ordered by marine robotics specialist Ocean Infinity for scheduled delivery in 2025 and will be operated under long-term charter by Rotterdam-based shipping company Samskip on its west European routes.

01 Mar 2024

US Offshore Wind: Down but Not Out

© Eric Dale Creative / Adobe Stock

“The winds of change are blowing wild and free.” – Bob DylanIn the U.S. offshore wind industry, developments over recent months have placed an exclamation point on the word “wild”. Yes, the wind still blows “free”, but mounting challenges have proven that harnessing its power offshore is anything but. In fact, far from it, as rising materials costs, high interest rates, labor shortages and supply chain delays, among other issues, have delivered heavy blows to the commercial viability of several projects.

29 Feb 2024

Norden Acquires Four Capesize Newbuilds

(Photo: Norden)

Danish shipowner Norden announced it has acquired four Capesize newbuilds expected to be delivered between 2025-2027.With the latest investments, adding to the five owned and seven chartered Capesize vessels, Norden is moving toward its ambition to operate between 20-25 Capesizes.The company said it has seen "strong demands from customers looking to unlock economies of scale by sizing up to improve efficiencies while lowering emissions"."The investments are furthermore a testament to the long-term opportunities we are seeing in the dry cargo markets," the company added.Jan Rindbo, CEO of Norde

28 Feb 2024

First of 10 Newbuilds Delivered for FureBear JV

Fure Vanguard (Photo: Furetank)

The first vessel in a series of 10 newbuilds has been delivered to FureBear, a 50/50 joint venture between Sweden's Furetank and Canada's Algoma Central Corporation.Fure Vanguard is a dual-fuel ice class 1A 17,999 DWT product tanker built by China Merchants Jinling Shipyard in Yangzhou, China.The FureBear JV was formed in 2022 with an initial order for four ships. Later that year, the partners placed an order for four additional vessels, and in 2023 they ordered two more ships.

27 Feb 2024

New Fuel Supply System Set to Ease Ammonia Adoption by Shipping Industry

(Credit: Wärtsilä Gas Solutions)

Wärtsilä Gas Solutions, part of technology group Wärtsilä, has introduced a new ammonia fuel supply system (AFSS) for ships able to operate with ammonia fuel.The system is available for both liquid and gaseous fuel, enabling the use of ammonia as a marine fuel, according to Wärtsilä.In line with shipping’s transition to decarbonized fuels, ammonia is widely seen as one of the most promising new fuel candidates. It offers a huge reduction in CO2 emissions, almost zero sulphur oxide (SOx) emissions…

26 Feb 2024

Eighth 24,188 TEU Ship Joins OOCL's Fleet

OOCL Abu Dhabi (Photo: OOCL)

Hong Kong based ocean carrier Orient Overseas Container Line Ltd. (OOCL) announced it has taken delivery of its eighth 24,188 TEU containership, OOCL Abu Dhabi.The vessel is the fourth in a series of six 24,188 TEU newbuilds to be delivered to OOCL by the Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS) shipyard in China. The ultra large containership is 400 meters long and 61.3 meters wide.OOCL Abu Dhabi was officially named during a ceremony at the shipyard on February 25.

23 Feb 2024

The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond

Copyright Peter Hermes Furian/AdobeStock

2023 was the first year of real recovery for owners in the offshore supply market and yet we have barely skimmed the surface of what’s to come.The market is still on an upward trajectory with charter rates accelerating month-by-month, availability changing day-by-day, leading to earnings doubling and, in some segments, tripling since the lows of 2020. Current rates will remind many of the glory days of pre-2014 with the demand for OSVs projected to remain elevated for years to come.In general…

21 Feb 2024

Yantai Dual-fuel Methanol WTIV Design Receives ABS Approval

Illustration of the wind turbine installation vessel (WTIV) design (Image: Yantai CIMC Raffles Offshore Ltd.)

Classification society ABS reports it has issued approval in principle (AIP) to Chinese shipbuilder Yantai CIMC Raffles Offshore Ltd. for its design of a dual-fuel methanol, heavy-duty, offshore wind turbine installation vessel (WTIV).The WTIV is capable of transporting and installing the largest wind turbines in the world, those capable of producing up to 20 megawatts (MW) of electricity, and promises to reduce carbon emissions with its dual-fuel methanol propulsion system. The design also features a 3…

21 Feb 2024

Demand for Maritime Shaft Generators Increasing

Controllable pitch propeller.
Source: MAN Energy Solutions

30 years ago shaft generators with PTI capability kept container ships sailing at top speed. That purpose gone, PTI/PTO is making a new comeback in more cargo shipping segments, this time for reducing emissions.Retrofitting a shaft generator is not an insignificant undertaking. Around 50 tons of equipment needs to be installed into the engineroom through a hole in the hull. A new section of shaft is usually required.That a few shipowners are undertaking such projects - Klaveness Combination Carriers on the Ballard…

16 Feb 2024

Seatrium Secures World-First CCS Retrofit

Image courtesy of Solvang

Seatrium has secured the world’s first full-scale, turnkey carbon capture and storage (CCS) retrofit from Solvang ASA, Norway.The retrofit of a 7MW Wärtsilä CCS system will be carried out on Solvang’s 21,289 cubic meter ethylene carrier, Clipper Eris, and is scheduled to commence in the third quarter of this year. The project will use amine cleaning technology to capture 70% of the CO2 in the exhaust gas from the main engine.Seatrium’s scope of work includes basic design, detailed engineering…

14 Feb 2024

Diana Shipping Orders Two Methanol Dual-fuel Bulkers

© Björn Wylezich / Adobe Stock

Greek shipowner Diana Shipping on Wednesday announced it has placed an order for two new methanol dual-fuel Kamsarmax bulk carriers from China's Tsuneishi Group (Zhoushan) Shipbuilding Inc.The 81,200 dwt newbuilds were ordered at a purchase price of $46 million each, Diana said. The vessels are expected to be delivered by the second half of 2027 and the first half of 2028, respectively.Diana in September 2023 announced it signed a letter of intent (LOI) to order the ships through…

13 Feb 2024

Stena Bulk Inks Deal for Four Additional Newbuild Tankers

Erik HĂĄnell, President and CEO of Stena Bulk (Credit: Stena Bulk)

Swedish shipping company Stena Bulk has expanded its fleet with new long-term charter agreements for four newbuild eco Medium Range (MR) tankers.Two of the vessels, Stena Continent and Stena Conquest, will be delivered from Hyundai Mipo by the end of 2025.Two further eco MR tankers, Stena Contender and Stena Concept, will follow in 2026. All vessels are set to use the South Korean yard’s latest 8th generation MR tanker design, which has been recognized for its excellent efficiency performance.The tankers will feature efficient fuel consumption systems…

12 Feb 2024

Safe Bulkers Sells 2005-built Panamax

© Valerii / Adobe Stock

Dry bulk shipowner Safe Bulkers announced Monday it has has reached a deal to sell the oldest vessel in its fleet to an undisclosed buyer.The ship is the Maritsa, a 76,000 dwt Panamax bulk carrier built in Japan in 2005. The vessel was sold at a gross sale price of $12.2 million and a forward delivery date from April 2024 to May 2024, New York-listed Safe Bulkers said.Dr. Loukas Barmparis, president of Safe Bulkers, said, “We continue our strategy to selectively sell older vessels…

12 Feb 2024

Survitec Saftey System Earns Type Approval

Image courtesy Survitec

Dry chemical powder solutions have long safeguarded LNG and LPG cargo vessels, but as the industry embraces liquefied gases as a propulsion fuel, the unique requirements for protecting bunkering stations on a wider range of vessels, such as large cruise ships, containerships, and tankers, is becoming increasingly important. In response to the growing demand for advanced fire safety solutions to support the maritime's energy transition, Survitec has reconfigured and enhanced its Dry Chemical Powder (DCP) fire extinguishing system.

07 Feb 2024

Smyril Line Orders Methanol-ready RoRo Ships at CIMC Raffles

(Image: Knud E. Hansen)

Smyril Line announced it has signed a contract with the CIMC Raffles shipyard in China for the construction of two new vehicle carrier vessels.The ro-ro ships will each be 190 meters in length with 3,300 lane meters for trailers. They have been designed in close cooperation with naval architects Knud E. Hansen for year-round seaworthiness in the North Atlantic. Smyril Line plans to place the vessels into service on its current network, operating a route between Europe, the Faroe Islands and Iceland from 2026.Compared to the company's existing fleet…

07 Feb 2024

NYK Stolt Tankers Orders Six Chemical Tankers

(Photo: Stolt Tankers)

NYK Stolt Tankers, a joint venture between NYK Line and Stolt Tankers, has placed an order with Nantong Xiangyu Shipyard in China to build six 38,000 deadweight tonne stainless steel chemical tankers for delivery between late 2026 and 2029.The newbuilds will be sisters to a series of six vessels Stolt Tankers ordered at Wuhu Shipyard in November. The ships feature 30 cargo tanks, offering a range of cargo flexibility and are designed to maximize fuel efficiency using a wide range of energy savings devices and shore power connection, Stolt Tankers said.

01 Feb 2024

Milestones for Bernhard Schulte Offshore CSOVs

(Photo: Ulstein)

Two commissioning service operation vessels (CSOV) under construction for Germany-based Bernhard Schulte Offshore have reached milestones. The steel cutting and keel laying ceremonies for yno 321 and 320, respectively, were arranged at the Crist hull yard, Poland, on January 30, 2024.The two Ulstein-designed CSOVs are characterized by the TWIN X-STERN feature, implementing fore and aft main propeller units for excellent dynamic positioning characteristics.The hulls will be prepared at Crist before being towed to Ulstein Verft in Norway for the final phases…

01 Feb 2024

Longship Orders Two Newbuilds from GS Yard

(Image: Longship)

Longship Group entered a joint newbuilding project with Wagle Chartering AS for two "GS Eco-Freighter 3700" to be built by GS Yard BV in Waterhuizen, the Netherlands.The general cargo ships feature single open top box shaped holds of about 181,000 cbft intake. The vessels are equipped with two bulkheads that can be used as tweendecks. They are fitted for grain, timber, project cagos and are driven by a IMO Tier III compliant Mitsubishi S12R engine with an output of 749 kW.Wagle Chartering is assigned with the commercial operation…

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