Ferry Destined for Scottish Islands Launched by Cemre
The MV Isle of Islay, the first of two vessels to serve the islands of Islay and Jura in Scotland, has been launched at Cemre Marin Endustri shipyard in Turkey.The vessel, which is one of four ferries being built at the yard, marks a significant milestone in Caledonian Maritime Assets Limited’s (CMAL) commitment to delivering new ferries to serve the Scottish islands.Scheduled for delivery in October 2024, the vessel will have capacity for up to 450 passengers and 100 cars, or 14 commercial vehicles.
Zim Reports Fourth Quarter Loss
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%.
Keel Laid for Finnish Border Guard’s New Patrol Vessel
The Finnish Border Guard has held a keel laying ceremony for its new patrol vessel at Baltic Operator's shipyard in Gdansk.On March 12, 2024, a keel laying ceremony was arranged at Baltic Operator’s shipyard in Gdansk. The ceremony took place in the presence of the representatives of the Finnish Border Guard, Meyer Turku, Baltic Operator and Bureau Veritas.The keel laying ceremony is an old tradition. Before the keel laying, the ordering party - the Finnish Border Guard - and the shipyard’s representative placed their lucky coins under the keel beneath the first block.Later on…
SCHOTTEL to Equip Med Marine's Six New ASD Tugs
SCHOTTEL is to equip six new ASD tugs of the Turkish Med Marine Group with the SCHOTTEL RudderPropeller (SRP). The new vessels will be built by Med Marine’s Ereğli Shipyard and will be available in 2025 to meet the constantly growing demand for Med Marine tugs. A total of 12 SCHOTTEL RudderPropellers in the SRP 360, SRP 430 and SRP 490 series will be built for the new vessels by the German manufacturer of marine propulsion systems. The new tugs will cater for a range of different bollard pull requirements in the 50-…
Wallenius Wilhelmsen Orders Four More Dual-Fuel Carrier Vessels
Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels. The 9,300 CEU methanol dual fuel vessels can utilize alternative fuel sources, such as methanol, upon delivery.They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.These next generation vessels will play a key role in the introduction…
Eighth 24,188 TEU Ship Joins OOCL's Fleet
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.
Many Different Vessels but One Goal – Passenger Safety
Because there are so many different kinds of passenger vessels, the critical topic of passenger safety can sometimes appear as a set of niche topics, each one just distantly connected to another. After all, passengers aboard a cruise ship in the Caribbean face safety issues that are much different than a commuter going from Jersey City to Manhattan or a tourist crossing from the Mukilteo, Wash. ferry terminal to Whidbey Island or a family on a fishing vessel in Miami.Importantly, though, for passenger vessel operators, a commitment to safety is not siloed.
ZIM Names Trio of LNG Containerships
The naming ceremonies of three new vessels joining ZIM’s fleet were held in Korea and China this week for ZIM Integrated Shipping Services, continuing ZIM’s widescale fleet renovation.The naming ceremony of Zim Mount Elbrus and Zim Mount Vinson, the final additions to the series of ten 15,000 TEUs advanced LNG vessels, took place at the SHI Geoje shipyard in Korea. These vessels, showcasing state-of-the-art LNG technology, were named in a traditional manner by their respective godmothers, Mrs. Hani Kalinsky, ZIM's EVP Pacific Business Unit, and Mrs.
Fueltrax Wins Contracts with Southeast Asian Vessel Operators
Fueltrax reports it has won a series of contracts from a group of deep sea and offshore support vessel operators working with a global oil company in Southeast Asia.Of 30 ships that implemented a fuel management system at the urging of their oil company customer to ensure accurate fuel usage transparency and emissions tracking, 28 of them chose the Fueltrax Electronic Fuel Management System (EFMS), the Texas-based company said.The patented Fueltrax EFMS measures direct fuel consumption and transfers on board, enabling vessel operators to reduce operational and fuel costs.
Edison Chouest Withdraws Title XI Application
An affiliate of Edison Chouest Offshore has withdrawn its application for financing under the U.S. Maritime Administration's (MARAD) Title XI program.Title XI is a government loan program with the Federal Financing Bank as the lender. It is intended to promote the growth and modernization of the United States' merchant fleet and shipyards by offering repayment terms and interest rates that are generally better than those available from the commercial lending market.ECO Edison…
CMA CGM Takes Delivery of LNG-Powered Mermaid Containership
French container shipping group CMA CGM has taken delivery of the CMA CGM Mermaid, the first ship in a series of 10 new 2,000 TEU containerships powered by liquefied natural gas (LNG), which will be progressively deployed in the Mediterranean and Northern Europe.CMA CGM Mermaid containership is the result of collaboration between CMA CGM, Chantiers de l'Atlantique, and Hyundai Heavy Industries.The delivery is part of CMA CGM's fleet renewal program, in which the group invested more than $15 billion…
MARAD’s Title XI Changes: Good News for Offshore Wind?
The U.S. Department of Transportation's Maritime Administration (MARAD) in December issued a final rule updating its financial requirements for the Federal Ship Financing Program, commonly referred to as Title XI. While the move applies to the U.S. maritime industry as a whole, it is seen as especially helpful for players looking to serve the U.S. offshore wind sector.Designed to promote the growth and modernization of the U.S. merchant marine and U.S. shipyards, Title XI provides for a full faith and credit guarantee by the U.S. government. The program essentially aims to encourage U.S.
Maersk Warns Oversupply to Hit Profits
Maersk warned on Thursday that container shipping overcapacity would hit profits more than expected this year and that it didn't see a major boost from the jump in freight rates due to Red Sea disruptions, hammering its shares.The warning, which also led the Danish shipping giant to suspend its share buyback programme, is in stark contrast with investors' recent optimism about the sector.Container shipping companies have been among the best-performing stocks in Europe this year…
Bahamas Defense Force Orders Four New Vessels from SAFE Boats
SAFE Boats International (SBI) reports it signed a contract with the Royal Bahamas Defense Force (RBDF), adding another four 41-foot Interceptors to its current fleet of existing SAFE Boat vessels.This latest contract, signed January 11, is the result of collaborating efforts over the past three years between RBDF and SBI, the Pacific Northwest boatbuilder said. This contract is a fully funded, direct purchase by the RBDF to supply four vessels, trailers and support vehicles.Signing the contract for the Bahamian government was the Honorable Wayne Munroe…
BC Ferries Awards Shipyard Contract for New Hybrid Electric Vessels
Canada's BC Ferries announced Dutch shipbuilding conglomerate Damen Shipyards Group has been selected to build its four new hybrid electric Island Class vessels.Damen, the same shipbuilder that built BC Ferries’ previous six Island Class ferries between 2020 and 2022, will construct the vessels in Romania, after its bid was selected from among several proposals received from around the world. No Canadian companies bid for the build program, BC Ferries said.The agreement is a design-build…
Penguin Delivers CTV Pair to Northern Offshore Services
Northern Offshore Services (N-O-S) announced it has taken delivery of two new crew transfer vessels (CTV) from Penguin Shipyard in Singapore.The R-Class sister vessels, Runner and Responder, were officially handed over in 2023 and are now ready for operation in Europe, N-O-S said.The the R-Class was created by N-O-S' in-house R&D department, featuring a "future proofed" automation system, N-O-S Green Technology solutions, efficient and effective hull shape, and a flexible engine configuration designed to only use the power that the current situation requires…
Pertamina Aims to Add Six VLGCs in 2024
Pertamina International Shipping (PIS), a unit of Indonesian state energy company Pertamina, said on Wednesday it plans to add six new very large gas carriers (VLGC) in 2024 as it eyes fleet expansion focused on gas transport.The company this week launched two VLGCs, built by South Korea's Hyundai Samho Heavy Industries, and each vessel has a 91,000 cubic metres capacity, which PIS said is among the biggest in the world.The two vessels were designed to transport liquefied petroleum gas (LPG) as well as ammonia, PIS said in a statement."We plan to add six VLGCs in 2024, starting from the two VL
Erik Thun Orders Four New Vessels
Swedish shipping company Erik Thun has ordered four new vessels, including two methanol-ready coastal tankers and two next-generation multi-purpose dry cargo vessels.The vessels will be built by Shipsveerf Ferus Smit in the Netherlands, bringing the current orderbook from Shipveerf Ferus Smit up to 14 vessels.The contracts cover two multi-purpose dry cargo vessels with 5100 mts dwt and Ice class 1B, which are next generation Lake Vanern Max fit for operating Lake Vänern in Sweden.The…
Stena RoRo Orders RoPax from China's CMI Jinling
Stena RoRo has placed an order for another RoPax-class E-Flexer vessel from the Chinese shipyard CMI Jinling (Weihai). The vessel will be delivered in the first quarter of 2026 to Corsica Linea and will operate between Marseille and Corsica. This is Stena RoRo’s 13th vessel in the E-Flexer series and the first to be delivered to the Mediterranean region.“The arrival of this new LNG vessel in the fleet is a strong signal that is in line with the ambitious course set for Corsica Linea the coming years: to become the most modern shipping company in the Mediterranean by 2030.
Maritime Innovation: Fostering Creativity and Working to Make Bright Ideas Work
This is the dawning of the age of AI and Big Data, huge agglomerations of new and transformative energy; almost self-generating, always strengthening and pulling at the reins, seeking to break free and run, a prospect both exciting and terrifying. That image can imply a human is holding the reins. How quaint: these days, AI itself may be holding the reins.In a review of innovation in 2023 – across any industrial or economic sector, not just maritime – AI looms large, a game-changer equivalent to IBM’s programming advances in the 1940s.
Top 10 Things to Watch in Offshore Wind in '24
Despite short-term obstacles driven by high inflation and interest rates coupled with supply chain issues, we maintain that the foundations supporting long-term offshore wind activity remain solid. As we prepare for the new year, let us look at 10 factors that will shape the offshore wind sector in 2024.1. A Continuously Dynamic Energy TrilemmaThe dynamic relationship of the three key drivers of affordable energy, energy security and energy transition was clearly evident in 2023 as energy affordability and security were generally more prominent themes than the transition.
MARAD Finalizes Rules for Title XI Loan Applicants and Borrowers
The U.S. Department of Transportation's Maritime Administration (MARAD) issued a final rule updating its financial requirements for the Federal Ship Financing Program, commonly referred to as Title XI. The final rule provides the application requirements for MARAD loan guarantees for construction or reconstruction of a U.S.-flagged vessel or shipyard modernization. Designed to promote the growth and modernization of the U.S. merchant marine and U.S. shipyards, Title XI provides for a full faith and credit guarantee by the U.S. government.
Second Hybrid Superstar RoPax Delivered to Finnlines
Finnlines announced it has taken delivery of Finncanopus, its second of two Superstar-series freight-passenger (ro-pax) vessels from shipbuilder China Merchants Jinling Shipyard in Weihai.The newbuild is slated to enter service on Finnlines’ line between Finland and Sweden (Naantali–Långnäs–Kapellskär) in February 2024. The homeward voyage is expected to take 6–7 weeks as Finncanopus will be nearly fully loaded with freight and will call several ports before entering the Baltic Sea.Finncanopus is the final vessel of Finnlines EUR 500-million Green Newbuilding Program…