ONE Establishes New Headquarters in Dubai
Ocean Network Express (ONE) has opened a West Asia Regional Headquarters in Dubai. The move aims to expand ONE's growth in the rapidly developing markets of the Indian Subcontinent, Middle East and East Africa.The West Asia Regional Headquarters office will serve as ONEâs central hub across the region, encompassing functions such as commercial activities, customer service, and digitization. It will also house a team dedicated to developing regional trade partnerships and exploringâŠ
Iridium Acquires Satelles
Iridium Communications has entered into an agreement to acquire Satelles, Inc., a leader in secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems. The service, named Satellite Time and Location (STL), is designed as an easy-to-adopt, secure solution that increases the efficiency and reliability of timing systems for digital infrastructure like 5G base stations, data centers, and other critical infrastructure and protectsâŠ
Herculaneum Port Site Cleared for Redevelopment as Intermodal Hub
A 300-acre property along the Mississippi River in Herculaneum, Missouri recently received Port District zoning making way for redevelopment as an intermodal transportation hub and industrial park.Located on the shipping lanes of the Mississippi River, the site has been utilized since the 1700s as a port. With its easy access for barge loading and offloading and the siteâs proximity to early lead mines in adjacent Washington County, under early French ownership the port was utilized to ship lead cannonballs and shot to Europe to support Napoleanâs army.
Infinium and Amogy Ink MOU on Green Ammonia and eFuels Solutions
eFuels provider Infinium and Amogy, developer of carbon-free, energy-dense power solutions, have entered into a memorandum of understanding (MOU) to explore opportunities to integrate their technologies and develop commercial applications across the eFuels and green ammonia value chain. Infinium and Amogy are also exploring collaborations with both Mitsubishi Heavy Industries (MHI) Group and SK Innovation for deployment of the integrated solution.To accelerate the decarbonization of heavy industry sectorsâŠ
Menoyo Joins Great Lakes Towing Company in VP Role
The Great Lakes Towing Company (GLT) has hired Salvadore Menoyo for its business development team.Sal has been named Vice President-Special Projects, reporting to Joe Starck, President of GLT. He will be based in Jacksonville, Fla. and use his extensive experience and expertise to identify, develop and manage new business opportunities on the East Coast, including the Gulf and Puerto Rico. In this new role, Menoyo will work with internal and external customers and build relationships with partners and other prospects to bring value and growth to the company.MenoyoâŠ
APM Terminals to Develop Container Terminal at Plaquemines Port
Plaquemines Port Harbor and Terminal District announced it signed a letter of intent (LOI) with APM Terminals (APMT) to build a container terminal on the West Bank of Plaquemines Parish, La.Plaquemines Port will lease the land to APM under a 30-year agreement with extension options. APMT, one of the largest terminal operators in the world and is a subsidiary of shipping giant A.P. Moller-Maersk, estimates the initial investment in terminal infrastructure will be approximately $500 millionâŠ
Damen Studying Zeabuzâs Autonomous Vessel Technology
Dutch shipbuilding conglomerate Damen said it is studying Zeabuz's cutting-edge technology for autonomous sailing in an effort to enable autonomous vessel operations in the coming years.Norway-based Zeabuz specializes in software for autonomous maritime operations."Autonomy holds the potential to revolutionize vessel operations by enhancing safety protocols, optimizing asset effectiveness, and paving the way for the creation of new business models," Damen said. "The industry'sâŠ
Höegh Autoliners to Deploy Marlink Hybrid Network
Marlink said it will deploy its guaranteed bandwidth hybrid network solutions to the Höegh Autoliners fleet. Already a customer using remote IT service, support and maintenance from Marlink, Höegh Autoliners will adopt Marlinkâs hybrid network solutions, blending high throughput VSAT with L-band backup and 4G/5G services. The managed network solution also includes Marlinkâs Unified Threat Management (UTM) cyber security service. The company will also evaluate the Low Earth Orbit (LEO) services entering the maritime industryâŠ
C-Innovation Names Cribley Business Development Manager
Edison Chouest Offshore (ECO) aïŹliate C-Innovation (C-I) has welcomed back Lucas Cribley as its new business development manager.During his more than 20-year career, Cribley worked as the program manager and first employee in a joint venture start-up between ECO and FMC Technologies, in which he secured and managed major Inspection, Maintenance, & Repair (IMR), light construction, and Riserless Light Well Intervention (RWLI) projects. As a senior manager at TechnipFMC, CribleyâŠ
Yinson Aims to Curb FPSO Emissions with Carbon Capture
Yinson is aiming to leverage advanced carbon capture technology to reduce greenhouse gas emissions from its FPSO operations.The company announced its Yinson Production Offshore Pte Ltd arm has made a strategic investment in Ionada, developer of innovative carbon capture technology.According to Yinson, Ionada's technology has potential to support the offshore oil and gas industry's transition to low-carbon operations. Furthermore, the technology presents new business opportunitiesâŠ
COSCO Signs Up for Methanol Retrofits
COSCO Heavy Industry Shanghai Co. Ltd. has signed a contract with MAN Energy Solutions for the methanol retrofit of four main engines from COSCO Lineâs Camellia and Virgo -class vessels â 13,800 and 20,000 teu respectively. Currently equipped with single-fuel MAN B&W 11S90ME-C10.5 engines, the vessels will be retrofitted to dual-fuel MAN B&W 11S90ME-LGIM10.5 units capable of operating on fuel-oil or methanol, in the process becoming the first vessels in COSCOâs fleet to sail on methanol.The contract also includes an option for the retrofit of an additional nine vessels from the lineâs 20âŠ
Meyer Werft Bags Its First Offshore Order
German shipbuilder Meyer Werft reports it has secured its first order within the growing offshore converter platform business.The Papenburg shipyardâpart of the Meyer Group, known primarily for building cruise shipsâwill carry out the majority of the steel work for converter platforms for the DolWin4 and BorWin4 offshore connections as well as BalWin1 and BalWin2, all destined for the North Sea."This order is a milestone for us in our entry into the construction of converter platforms, which we will also build at Neptun Werft in Rostock in the future.
US Shipbuilding: Policy and Progress
When asked about the top issues facing shipbuilders, executives at the Shipbuilders Council of America (SCA) listed a number of topics and concerns. SCA is the only national trade association representing U.S. shipyards engaged in the building and repairing of military and other government and commercial vessels, and companies providing goods and services to the shipbuilding industry.Shutdowns have consequencesMatthew Paxton and Paula Zorensky are, respectively, SCA President and Vice President. Their top federal concern at the end of September? A U.S.
Davie Acquires Helsinki Shipyard
Canadian shipbuilding group Davie announced it has finalized its acquisition of Finlandâs Helsinki Shipyard Oy, which has struggled to gain new business due to Western sanctions against Russia.The deal has been nearly a year in the making, starting from December 2022. By March 2023, Davie exercised an exclusive option to purchase the assets of Helsinki Shipyard. In April a business purchase agreement was signed, and on July 4 Davie secured a new 50-year land lease from the city of Helsinki.Financial terms of agreement were not disclosedâŠ
Techcross Expands Environmental Solutions Portfolio
Techcross, a comprehensive environmental company, will participate in the 2023 Kormarine.Techcross, known for its performance and sales in electrolysis-type ballast water management systems (BWMS), will showcase its expansion into new business areas alongside its existing BWMS at the 2023 Kormarine.As regulations have become more stringent for achieving net-zero and environmental protection goals, Techcross has diversified its lineup of ESD (Energy Saving Device) aimed at improving ship operation efficiency as well as focusing on AMP system.
Maritime Partners Acquires Maersk's USMMI
Maritime Partners, a Louisiana-based provider of maritime financing solutions primarily focused on Jones Act vessels, announced that on September 20, 2023, one of its managed funds acquired Norfolk, Va.-based U.S. Marine Management LLC (USMMI) from Maersk Line, Limited.USMMI owns and operates U.S. flag vesselsâincluding one owned maritime support vessel, three owned tankers, and one bareboat chartered tankerâfor charter to the U.S. Navy's Military Sealift Command. It also performs operation and maintenance of U.S. government-owned vessels, and currently has one O&M contract supporting U.S.
Aker BP, Höegh LNG in Carbon Transport and Storage Services Pact
Floating LNG solutions provider Höegh LNG and the Norwegian oil and gas firm Aker BP have entered a strategic partnership to develop a "fully comprehensive carbon transport and storage offering for industrial CO2 emitters in Northern Europe.""The agreement combines the companiesâ respective strengths, expertise, and technologies to establish a strong value chain for CCS on the Norwegian Continental Shelf that includes gathering, transporting and securely injecting CO2 for permanent storage in subsea reservoirsâŠ
Maersk Supply Service to Narrow Business Focus
Maersk Supply Service has announced that it will focus on scale and competitiveness in two core business areas: offshore wind and offshore support vessels.By focusing on fewer business areas and regions, the company says it will increase its presence in core markets, increase synergies in its operations and improve profitability.The offshore vessel markets continue to improve, and the energy transition continues to accelerate. Therefore, Maersk Supply Service will focus on building scale in these two business areas where the company can benefit from a young and energy efficient fleetâŠ
Meyer Appoints Group CEO
Meyer Group has appointed Bernd Eikens as Group CEO starting in December 2023.Eikens has worked in different management positions for UPM-Kymmene for 25 years, since 2013 as a member of the group executive team. His international career includes positions in the US, China, Germany and Finland. Most recently, he headed the successful implementation of a pulp mill project in Uruguay with an investment volume of $3.5 billion.He has been a member of the Meyer Turku advisory board since 2019 andâŠ
US Shipyards Investing to Add Serious Lifting Power
Shipyards across the U.S. are investing in new equipment to increase lift capacity, opening up the door for more projects and improved efficiency.Southern California-based Marine Group Boat Works, which performs a mix of yacht, commercial and government vessel repair work, in 2022 repowered its 665-ton Marine Travelift mobile boat hoistâthe largest on the West Coastâwith a Tier 4 John Deere engine. And earlier this year it was awarded a MARAD Small Shipyard Grant worth more thanâŠ
New Hybrid Ro-pax Vessel Delivered to Finnlines
Finnlines announced it has taken delivery of Finnsirius, the first in a series of two Superstar hybrid freight-passenger (ro-pax) vessels built by China Merchants Jinling Shipyard in Weihai, China.The vessel will enter service on Finnlinesâ FinlandâSweden (NaantaliâLångnäsâKapellskär) line from September 2023, followed by the series' second vessel, Finncanopus, expected to be delivered by the end of this year.The two shipsâpart of Finnlines' âŹ500 million green newbuilding program comprising both ro-pax and ro-ro vesselsâare equipped with air lubricationâŠ
Corvus Containerized Battery Room Gains DNV Type Approval
Corvus Energy announced its newly developed containerized battery room solution has received Type Approval from DNV, confirming suitability for a range of marine applications.The Corvus BOB (Battery-On-Board) is a standardized, plug-and-play battery room solution available in 10-foot and 20-foot ISO high-cube container sizes designed for easy integration with existing ship systems. The A60 battery room container comes with batteries, a battery management system (BMS), HVAC, Thermal Runaway ExhaustâŠ
Concordia Maritime Sells 13-year-old Product Tanker
Concordia Maritime announced Wednesday it has entered into an agreement to sell its 13-year-old product tanker Stena Penguin to an unnamed European buyer.The 65,200 dwt Stena Penguin is scheduled to be delivered to its new owner during the second quarter of 2023.Overall, the sale is expected to have a positive liquidity effect of approximately SEK 215 million (about $20.9 million) after repayment of the remaining bank debt to Svenska Skeppshypotek, Concordia said.Concordia Maritime CEO, Erik Lewenhaupt, said, âWe are now divesting another vessel with a good margin.