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A fleet of newbuild specialized anchor handlers will be required to help build up the emerging floating offshore wind industry. But since the industry is still in its early days, many unknowns have made it difficult for shipyards and their partners to gear up to build this fleet. This article explores complex market demand and technical drivers that help give a better understanding of anchor handler requirements for floating offshore wind.Floating wind is an emerging technology currently being tested in small scale demonstration and pilot projects…

In November 2021, GTMaritime published a white paper: “Maritime Communications - A look over the horizon.” The report, available here, is built around three broad Sections – 1. “Basics of marine Communications;” 2. “The connected ship;” and 3. “Special services.”Then, each Section presents a closer look at various topics. The “Basics” section, for example, covers regulatory issues established by IMO treaties and national agencies. It presents the terms and concepts that define satellite systems and networks…

As trainers in the maritime industry, we benefit from the sharing of information. Understanding what training trends are emerging, how training budgets are growing (or shrinking), what training models are on the rise or decline, and how the world pandemic has affected training operations is all of great important to us. Having a global understanding of these questions and more allows us to improve based on best practice, and to prepare for the future in a way we could not possibly achieve in isolation.It is our belief in this basic truth that incentivized the World Maritime University…

With compliance deadlines on the horizon for many shipowners, the study revealed a critical need for owners to start their technology-selection process, and to resist buying BWM systems based on initial price alone.ABS has just completed its second comprehensive survey of the shipping industry’s progress towards global compliance with ballast-water regulations, finding just over a third of installed management systems (BWMS) to be fully operational.The survey’s findings, which were supported by a series of workshops in New Orleans…

Researchers tackle the tough problems despite a lack of funding and official incentives to move forward. Progress, in particular for Arctic spill response equipment and techniques, is being made. Even in the messy but now seemingly distant wake of such environmental disasters such as the Exxon Valdez grounding and the Deepwater Horizon accident, domestic oil spill response requirements still provide little or no incentive for responders in the U.S. to develop and deploy new equipment. Elsewhere, other countries (especially Norway) have better options for testing and approving systems using an intentional spill. Here at home, this approach has been recommended especially for the Arctic by many stakeholders, to no apparent avail.

U.S. shellfish producers in the Northeast and the Gulf of Mexico will be most vulnerable to an acidification of the oceans linked to climate change that makes it harder for clams and oysters to build shells, a study said on Monday. The report said the two regions would be more at risk in coming decades than the Pacific Northwest, which had previously suffered the most from the problem, with losses to the oyster industry estimated at $110 million, putting 3,200 jobs at risk. Carbon dioxide…

Brian U. Stratton was appointed Director of the New York State Canal Corporation in April 2011, to oversee the operation and development of New York’s 524-mile Canal System, including the historic Erie Canal. The canal system, a historic system of waterways that dates back almost 200 years, was begun in 1817. Opened in its entirety in 1825, the Erie Canal is widely considered the engineering marvel of the 19th Century. But the canal system spans much more than the Erie Canal. It’s potential as an inland marine highway is undeniable.

Decade long, and ongoing, research program has developed a clearer understanding of the forces imposed on ship structures. Lloyd’s Register’s updated Containership Rules came into effect in July 2014 and these new rules are supported by Lloyd’s Register ShipRight Procedures covering whipping and springing analysis. Following the ShipRight Procedure will enable the granting of new Lloyd’s Register class notations ShipRight WDA – Whipping design assessment procedure, and ShipRight FDA (SPR) – Springing fatigue design assessment procedure, to enhance the response of ships’ structures that are subject to springing and whipping at sea. While the basic rules that underpin containership structural strength are well established…

The CSL Group, a global company in marine dry bulk cargo shipping and handling, today released its new Corporate Sustainability Report, featuring highlights of its 2013 sustainability performance and progress. The inaugural report available on the company’s website broadens the scope of CSL’s Environmental Report published since 2008 and includes other priority areas including safety, ethics, employee and community engagement, the workplace, philanthropy and value for customers.

As freight rates keep declining, cost reductions are the top priority for box carriers, according to Drewry's 2Q14 'Container Forecaster', highlighting that there is a widening gap between the positive financials of the few carriers really focused on cutting costs and the rest of the top 20 lines, as they battle with the pressure of falling freight rates. Drewry forecasts that once again, average freight rates will be lower than in the previous year. Drewry estimates that on the headhaul transpacific trade alone, carriers have given away in the region of $1.25 billion in annual revenue via the lower annual contracts they signed with Beneficial Cargo Owner clients in May.

Following recent reports in the media regarding the use of Emergency Position Indicating Radio Beacons (EPIRBs) the Department of Transport, Tourism & Sport wishes to clarify the position regarding the approval and use of EPIRBs in Ireland. Fishing vessels in Ireland are subject to a comprehensive survey regime covering all safety equipment, including the EPIRB, and a safety certificate is only issued on foot of satisfactory completion of the survey. EPIRBs and other safety equipment are regulated in accordance with the EU Marine Equipment Directive. The GME EPIRBs, covered in media reporting and the subject of the manufacturer’s recent safety alert, hold certification issued by Bureau Veritas, the relevant international certifying authority, confirming compliance with the EU Directive.

Norway's Kvaerner report higher operating revenues, higher earnings and higher EBITDA margin in the third quarter of 2013 compared to last year. Kvaerner reported operating revenues of NOK 3 383 million in the third quarter 2013, compared to NOK 2 430 million in the third quarter of 2012. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 166 million, compared to NOK 109 million in the same quarter last year. The EBITDA margin was 4.9 percent, up from 4.5 percent in the third quarter 2012. The order backlog amounted to NOK 26.9 billion at the end of the third quarter. "The activity in the third quarter has been very high on all projects. Our main focus is to deliver these projects as agreed with our customers.

Analysts' Corner release new research reports highlighting Trinity Industries, Inc., Nordic American Tankers Limited ), J.B. Hunt Transport Services, Inc., SEACOR Holdings, Inc.), and DryShips Inc. Readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Trinity Industries, Inc. J.B. Hunt Transport Services, Inc. SEACOR Holdings, Inc. DryShips Inc. Analysts' Corner add that they are an independent source whose views do not reflect the companies mentioned in these reports. Secondly that information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, they remind readers that they are only human and are prone to make mistakes.

The fullest ever study of UK shipping, ports & maritime business shows remarkable resilience in the face of continuing economic challenges. The UK shipping industry has created 7,300 UK jobs in the past two years, and 537,500 UK jobs are now supported by the shipping, ports and maritime business sectors, according to a newly-released study by Maritime UK. The healthy employment statistics are bolstered by news that the industry now contributes nearly £32bn to UK GDP and provides £8.5 billion in taxes to the Exchequer.

Global Marine & Container Terminal Operation Industry market research report available. Over the long term, IBISWorld projects that trends towards globalization, complex international supply chains and growing world GDP will see the volume of seaborne trade continue to grow strongly. Marine port operators worldwide are literally and figuratively in the middle of growth in international trade. "The main factors that have assisted the industry's growth in the past 15 years have been trade liberalization, world GDP growth and ongoing growth of Asian economies," says IBISWorld analyst Caroline Finch. "Through the process of trade liberalization…

A new report looks at opportunities in the developing Sino-European offshore wind energy market. Offshore wind is the means of a reliable, intensive and abundant renewable energy. This relatively new source of electricity generation, which is capable to meet much of the populated coastal areas need for power around the world, has been also stimulating the development of marine economies with thousands of new jobs. Recently, offshore wind power has been widely viewed as a feasible way to transform economies from oil reliance to sustainable growth not only to meet government obligations in cutting emissions, but to provide the fundament for a new economic sector.

A report (available at www.horizonlines.com) presenting the company’s progress in pursuing environmental excellence through its ongoing “Green Initiatives Program" has been release by Horizon Line.” The report describes the carrier’s efforts to mitigate environmental impact from shipping operations and intermodal transport. Initiatives taken up by Horizon Lines include vessel management controls, low sulfur diesel fuel usage, and marine terminal pollution mitigation planning.

The St. Lawrence Seaway Management Corporation (SLSMC) issued a statement that the 2002-2003 Annual Report is now available. Including both a narrative text and financial summary, the annual report also mentions that the SLSMC's new business plan increases maintenance expenditures by 36 percent over the next five years. Source: HK Law