Marine Link
Tuesday, March 19, 2024
SUBSCRIBE

Record Year News

18 Mar 2024

Port NOLA Bests Container-on-barge Record

(Photo: Port NOLA)

The Port of New Orleans (Port NOLA) said 2023 was a record year for container-on-barge shipping.During the last calendar year, Port NOLA marked 20,500 container moves by barge, the highest since launching the container-on-barge network—the nation's largest—in 2016 with the Port of Greater Baton Rouge and Ingram Marine Group. Container-on-barge moves containers by water rather than by truck on roads to reduce air emissions; moving an average of 30,000 twenty-foot equivalent units (TEU) per year between New Orleans, the Port of Greater Baton Rouge, Memphis and St. Louis.

27 Feb 2024

Record Year for Wind Farms Raises Hope for EU Goals

Source: WindEurope

A record year for building new wind farms and a rebound in investments in the sector have raised hopes that the EU may achieve its clean energy targets, industry group WindEurope said on Wednesday.In an annual report, WindEurope described 2023 as a year of "significant improvements" in key areas of Europe's wind energy sector, which struggled in 2022 with soaring inflation, interest rates and volatile energy markets after Russia invaded Ukraine.Investments in European offshore wind last year jumped to 30 billion euros, up from the scant 0.4 billion euros that were invested in 2022.

16 Feb 2024

Stena Line Commences Dublin-Liverpool Freight Route

Source: Stena Line

Swedish ferry operator, Stena Line has officially commenced its new Dublin – Liverpool (Birkenhead) freight service. The addition of the new route is expected to further boost the company’s freight volumes following a record year on its Irish Sea services in 2023.The return service will operate daily from Dublin in the morning, making the evening return journey from 12 Quays terminal in Birkenhead.The addition of the new service will be Stena Line’s seventh route in the Irish Sea region complementing its Belfast - Cairnryan…

14 Jan 2024

2023 a Record Setting Year for Singapore

Source: Government of Singapore

Chee Hong Tat, Singapore’s Acting Minister for Transport, announced a record year in 2023 at a Singapore Maritime Foundation New Year Conversations event.The annual vessel arrival tonnage in the Port of Singapore crossed three billion gross tonnage (GT) for the first time, increasing by 9.4% over 2022 and setting a high of 3.09 billion GT in 2023. This reflects growth in all segments, including container ships, dry bulk carriers, liquid bulk and chemical tankers, ferries and specialised vessels…

17 Apr 2023

Svanehøj Acquires Complete Cryogenic Services to Tap into Growing LNG Tanker Services Market

Denmark-based marine pump specialist Svanehøj has taken over California-based Complete Cryogenic Services, a specialist in service and overhaul of submerged pumps on LNG tankers."The number of LNG tankers globally has grown by around 40% in the last five years, and 2022 was a record year with more than 200 new contracts signed. With this, an attractive service and aftersales market emerges, in which Svanehøj is determined to gain market share," the company said,Therefore, Svanehøj decided to acquire Complete Cryogenic Services (CCS) in Tustin…

15 Mar 2023

UAE's Fujairah Needs to Step Up Investments for New Bunker Fuels -Execs

© moodboard / Adobe Stock

UAE's Fujairah must step up investments for storage and supply of new alternative fuels as these markets are still lacking traction at the world's third-largest bunkering hub despite the urgency for maritime decarbonization, industry executives said on Wednesday.The maritime industry must seek out alternative fuels to meet carbon emission reduction targets set out by the U.N.'s International Maritime Organization, which include cutting carbon emissions by 40% from 2008 levels by 2030 and overall greenhouse gas (GHG) emissions by 50% by 2050.Despite being a key bunkering port…

14 Mar 2023

UAE's Fujairah Port Set for Robust Growth as Russian Trade Reshuffles

(File photo: Fujairah Port)

Storage demand and transit volumes are poised to grow further at the United Arab Emirates' Fujairah port this year as Russian trade flows continue to flood the hub, industry executives said on Tuesday.Russian oil barrels have been flowing into popular ship-to-ship transfer hubs in the Middle East and Asia since last year as Western sanctions led to the reshuffling of trade flows."We have seen a huge influx of Russian barrels coming into Fujairah ... particularly urals and naphtha…

04 Jan 2023

Future Fuels: 275 Altenative Fuel Ships Ordered in 2022

MAN ES will start testing its ammonia fueled engine in Q1 2023, and on Maritime Reporter & Engineering News' recent visit to
the MAN ES R&D center in Copenhagen, Bjarne Foldager, Senior Vice President, head of two stroke business at MAN ES, said he
sees a rapid uptake on methnol in the coming years, with 2035 anticipated as a 'tipping point' toward ammonia. Photo of
the MAN ES ammonia engine. Look for the full report in the January 2023 edition of Maritime Reporter & Engineering News. Im

The total number of ships with alternative fuels ordered in 2022 was 275 (excluding battery operated vessels), according to  numbers released today from DNV viat its Alternative Fuels Insight report.In addition, more than 50 LPG carriers have been ordered with LPG dual fuel systems. Predictably, LNG led the way with 222 ships or 81 % of total orders. Seventy-four percent of these orders were for container vessels and Pure Car and Truck Carriers (PCTCs), while product tankers came in third representing 9 % of orders.

06 Sep 2022

Svanehøj Develops New Fuel Pump for LNG-powered Ships

(Image: Svanehøj)

With the launch of a completely new pump design for liquefied natural gas (LNG), Svanehøj claims to be the first supplier on the marine market to offer both deepwell pumps and submerged pumps for electric fuel systems.The demand for LNG is increasing, and LNG-powered ships are being ordered like never before. Svanehøj is now building on the growth of recent years within liquefied gas solutions with an investment in a new electric submerged pump design for LNG-powered ships. The…

19 Apr 2022

Port Houston Reports 20% Cargo Increase

(Photo: Port Houston)

Container volume at Port Houston in March totaled 308,557 Twenty-Foot Equivalent Units (TEUs). That brings the total for just the first three months of 2022 to 903,383 TEUs, an increase of 20% year-to-date over last year’s record year.“Port Houston is constantly evaluating growth within the industry and developing innovative solutions to accommodate that growth,” Port Houston Executive Director Roger Guenther said. “We know that velocity of goods is of the utmost importance to our customers and we continue to evaluate our procedures and infrastructure to improve efficiency.”In March…

01 Mar 2022

OpEd: Time To Shine for US Offshore Wind

© Fokke / Adobe Stock

It is clear only a few weeks into 2022 that this year can be a watershed moment for American offshore wind. The Department of the Interior has positioned 2022 to be a record year in terms of offshore wind lease offerings and project greenlights.At the end of 2021, the Bureau of Ocean Energy Management (BOEM), the regulatory agency responsible for offshore wind lease sales, released the document, Offshore Wind Leasing Path Forward 2021–2025. The document maps out potential new wind lease sales.

29 Dec 2021

LNG Newbuilds Drives Svanehøj to Record Order Intake in 2021

Photo courtesy Svanehøj

Demand for LNG-fuelled newbuilds is growing across the shipping industry, and with it Danish pump specialist Svanehøj reports it has quadrupled its sales of fuel pump solutions in 2021 and is heading for an all-time high order intake. 2021 has been a record year for new LNG dual-fuel shipbuilding contracts, which has a very positive impact on the order books at Svanehøj. The company reports 2021 was a banner year with an order intake of nearly $122 million, or 50% more than the previous record set in 2014.Svanehøj’s patented DW fuel pump solution is one of the main growth drivers.

19 Jul 2021

Marella Explorer 2: First Cruise Ship Since 2019 to Arrive in Port of Cromarty Firth

 Marella Explorer 2 - Credit:Tamme/AdobeStock

The Scottish Port of Cromarty Firth is set to welcome its first cruise ship since 2019 with the arrival of the Marella Explorer 2 on July 25.The news comes as the Scottish cruise sector prepares to resume operations after First Minister Nicola Sturgeon announced that Scotland will switch to Level Zero on Monday (July 19).The 72,000tn Marella Explorer 2 will be making her inaugural call to Invergordon with a further 3 calls throughout the season, carrying British passengers and calling at British ports only.UK Government…

25 Mar 2021

Secondhand Bulker Market on Pace for Record Year -BIMCO

© owr / Adobe Stock

The ownership of dry bulk ships has changed hands at blistering speed in the first three months of 2021, says shipping organization BIMCO, pointing out that the course is now set for a record year in the bulk ship sale and purchase market.A total of 794 ships were bought and sold in 2020, with the smaller sectors of Handysize and Supramax being most popular. Not even three months into 2021, 279 dry bulk ships have been traded, with Panamax bulkers being the most popular single ship size and accounting for 82 of the trades.

16 Mar 2021

VIDEO: Topsides Modules Lifted on Guyana-bound Liza Unity FPSO

 Guyana-bound: The Chinese-built Liza Unity FPSO last year arrived in Singapore for topsides integration. The FPSO is destined for the ExxonMobil-operated Liza field development in Guyana. (Photo: SBM Offshore)

SBM Offshore, the Dutch-based FPSO company, said Tuesday that the topsides lifting campaign for the Liza Unity FPSO was recently completed. The FPSO is being built for deployment at ExxonMobil's Stabroek offshore block in Guyana."Thanks to the efforts of the integrated team, over 26,000 tons of topsides were safely lifted in position at Keppel Shipyard in Singapore since the vessel came out of dry-dock in October of last year," SBM Offshore said.© SBM OffshoreSBM Offshore said…

10 Feb 2021

Europe's Offshore Wind Investments to Keep Growing After Record Year

(Photo: Ørsted)

Offshore wind investments in the European Union and Britain in 2020 were more than double the level projected at the start of the year and should continue to grow in 2021, an industry group said on Wednesday.The record 26.3 billion euros ($31.9 billion) invested in offshore wind projects in Europe last year was a figure not expected until 2025, Guy Brindley, financial analyst at Wind Europe, said."The investments we saw in 2020 were a lot higher than what we were expecting for the required build-out at this stage…

23 Oct 2020

Interview: Sam Ruda, Director, Port of NY/NJ

Sam Ruda, Director, Port NY/NJ. Image courtesy Port NY/NJ

Ports are economic engines for the regions they serve, and the impact from business activities at the Port of New York/New Jersey runs as big as the area it serves: 46 million consumers in a four-hour radius. The port is an economic giant in and of itself, providing for nearly a half a million jobs, a cumulative $35 billion in personal income and a cumulative $98 billion in business income. Sam Ruda, Director, Port NY/NJ, discusses a record 2019, continued investment in infrastructure…

29 Jul 2020

Port of Seattle Shelves Plans for New Cruise Terminal

(Photo: Port of Seattle)

Plans to develop a new cruise terminal at the Port of Seattle have been derailed by the coronavirus pandemic. The port announced Tuesday it has called off a request for industry proposals for a joint investment to build and operate a proposed new cruise terminal to serve the Alaska market.“Our current focus remains on public health,” said Port of Seattle Executive Director Steve Metruck. “We continue to work with public health partners and cruise stakeholders to determine the enhanced procedures that will make our cruise passenger terminals and facilities safe for the community…

04 May 2020

Mapping the Maritime Software Landscape in 2020

Source: Kongsberg Digital

Another year has passed since our last mapping of the maritime software landscape, and it is once again time to review the latest developments and trends in this space.Overall, 2019 was another turbulent year for most shipping markets, overshadowed by preparations for the IMO 2020 sulfur regulations, rising geopolitical tensions, the trade war between the USA and China, as well as natural disasters disrupting global supply chains. This article provides insight into the changes seen in the maritime software landscape under these turbulent conditions: On a high-level…

26 Feb 2020

Global LNG Exports Reach 362MT in 2019

During the fourth quarter of 2019, spot LNG freight rates continued to strengthen with average reported headline rates for MEGI/X-DF LNG carriers increasing by 66% from $74,800 per day to $123,800 per day, according to Flex LNG.Rates increased steadily due to higher demand preparing for winter in Northern Asia, as well as continued floating storage, Flex LNG said.Trading patterns and LNG pricing however, continue to favor Europe as the main destination for incremental uncommitted LNG volumes due to the low spread in gas prices between Asia and Europe, as well as greater infrastructure capacity in Europe for regasification and storage.According to industry sources…

22 Jan 2020

Stockholm Expects 290 Cruise Liners in 2020

Ports of Stockholm said that 2020 cruise season is expected to be another record year in terms of passenger numbers and almost 290 cruise calls, with as many as 13 maiden visits.The  Baltic Sea cruise port said that the list of the 2020 season’s cruise ship calls has been published and presents no fewer than 13 vessels calling at Ports of Stockholm for the first time.The international cruise ship season begins on 17th April at the Port of Nynäshamn with the arrival of the vessel Magellan, and on 26th April in Stockholm with the arrival of the Viking Star. In total, 288 cruise ships are expected to call at Ports of Stockholm, 35 of which will be at the Port of Nynäshamn.

12 Jan 2020

GTT Wins 8 LNGC Orders from HHI Yard

French liquefied natural gas (LNG) containment system specialist Gaztransport & Technigaz (GTT) has received several orders from Korean shipyards Hyundai Heavy Industries (HHI) and Hyundai Samho Heavy Industries (HSHI) for the equipment of eight new LNG Carriers (LNGC).According to a press note from the French LNG storage technology firm, the orders were receirved at the end of December 2019.Each vessel will offer a capacity of 174,000 m3 and will be fitted with the Mark III Flex technology.Four of these LNGCs will be built by HHI: two on behalf of an Asian ship-owner and two on behalf of a European ship-owner. The others four LNGCs will be built by HSHI on behalf of another European ship-owner.The deliveries are expected during the second half of 2022.Philippe Berterottière…

29 Nov 2019

Qatar Eyes LNG Top Spot

Qatar is eyeing liquefied natural gas (LNG) top spot as it primes 64% output boost, said Wood Mackenzie.Qatar Petroleum (QP) announced that it will boost output from Qatar LNG by 64% - from 77 million tonnes per annum (tpa) at present to 126 million tpa by 2027 – following a successful appraisal of the North Field’s onshore extension, near Ras Laffan Industrial City.Liam Kelleher, from  Wood Mackenzie’s gas and LNG team said: “QP had already been targeting an increase to 110 million tpa, via the four 8 million tpa megatrains at the North Field Expansion (NFE) project."This latest announcement will add a further two 8 million tpa trains…

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week