Marine Link
Tuesday, March 19, 2024
SUBSCRIBE

Three Vessel News

21 Dec 2023

OSG to Upgrade Engines on Its Alaska Class Tankers

(Photo: MAN Energy Solutions)

U.S. shipping company Overseas Shipholding Group announced it will upgrade all four vessels in its Alaskan Class fleet with new methanol-ready engines from MAN Energy Solutions.The vessels Alaskan Explorer, Alaskan Frontier, Alaskan Legend and Alaskan Navigator, all approaching 20 years in age, will receive significant engine and operational improvements, resulting in environmental benefits as well as extending their commercially useful life, OSG said.The lifecycle engine upgrades involve a series of technical and commercial enhancements…

27 Nov 2023

Report: Container Shipping GHG Emissions Drop

Source: VesselBot

Technology company VesselBot has released the December 2023 edition of its report titled "Decoding Maritime Emissions - Highs, Lows, and Green Leaders across global ocean routes."The report’s key findings include:Downward Trend in Emissions: The average emissions per kg/tonne have improved since last year. Between January and July, 2023 emissions have dropped by 12% compared to the same period last year. This is a big reduction compared to 2022 where the emissions were up 17% compared to the same period (Jan-Jul) in 2021.When comparing the emissions by trade lane…

23 Aug 2023

Silver Ships Delivers First Vessel Under NSW SSC Contract

(Photo: Silver Ships)

Silver Ships recently completed the first deliveries under the Naval Sea Systems Command of seven 11-meter Open Center Console (OCC) vessels and two 8-meter Open Center Console (OCC) vessels, under the Naval Special Warfare Surface Support Craft Contract. The U.S. Navy has also conducted Pre-Delivery Inspection and Testing (PDIT) of three vessel variants included in the contract.The Naval Special Warfare (NSW) Surface Support Craft (SSC) contract entails construction of five different vessel variants of the Ambar series rigid hull inflatable boats (RHIB).

07 Aug 2023

First Barge Built at Methil Shipyard Since 1850s

(Photo: Harland & Wolff)

Harland & Wolff announced the completion of the first barge at its shipyard in Methil, Fife, since 1856.The barge, which has been built for waste management and recycling business Cory, will launch from Methil and be taken by sea to Cory’s lighterage site on the banks of the River Thames. It will join Cory’s existing fleet of tugs and barges, which are used to transport recyclable and non-recyclable waste via a series of river-based transfer stations across London.Matt Smith, General Manager of Harland & Wolff (Methil)…

16 Feb 2023

2023 Shipbuilding Report: US Passenger Vessels

Casco Bay Line selected the Senesco to build a double ended hybrid electric ferry to replace an existing diesel boat. (Image: EBDG)

With travel and tourism nearing pre-2020 levels, and transit systems benefiting from a return to work, passenger vessels have seen renewed activity. In its year-end review, John Groundwater, Executive Director of the Passenger Vessel Association (PVA), which advocates for the sector in Washington, D.C. wrote: “As we are nearing the end of the calendar year, we are delighted to report that our industry, and our members, are reporting far and wide that they have experienced very…

19 Oct 2021

Diana Shipping Forms Spin-off OceanPal

(Photo: Diana Shipping)

Dry bulk shipping company Diana Shipping Inc. announced Tuesday that, through a wholly-owned subsidiary, it has filed a registration statement on Form 20-F pursuant to the Securities Exchange Act of 1934 to effect a spin-off of three of the company’s older dry bulk vessels. OceanPal Inc., the newly formed subsidiary that will act as the holding company for the three dry bulk vessels, has applied to have its common shares listed on the Nasdaq Capital Market.In connection with the spin-off transaction…

19 Apr 2021

Maritime Power: Methanol Fuel Cell System Takes Shape at Alfa Laval

Mads Friis Jensen, CCO and Co-founder, Blue World Technologies together with Lars Bo Andersen,  Manager of Alfa Laval Test and Training Centre - HTPEM fuel cell at Alfa Laval Test & Training. Photo courtesy Alfa Laval

A fuel cell system based on high-temperature proton exchange membrane (HTPEM) technology from Blue World Technologies is being constructed for testing at the Alfa Laval Test & Training Center in Aalborg, Denmark. The test installation, which will use methanol as fuel, will explore the technology’s potential as a source of marine auxiliary power. Funded by Danish EUDP (Energy Technology Development and Demonstration Program), the project is a joint effort between fuel cell maker Blue World Technologies…

17 Mar 2021

VIDEO: North Star to Deliver SOV Trio for Dogger Bank Wind Farm in $375M Deal

Credit: North Star

Aberdeen-based offshore vessel owner North Star Renewables has won contracts worth around £270 million (~$375 million), to deliver three service operation vessels (SOVs) to be used on what will be the world’s largest offshore wind farm, the 3.6GW Dogger Bank Wind Farm in the UK North Sea.North Star said its contract award followed a highly-competitive tender process, in which it had beat off strong international competition to secure the deal to design and deliver the three-vessel…

08 Apr 2021

Marine News' Top Boats of 2020

General MacArthur (Photo: Callan Marine)

This year, despite innumerable challenges and setbacks, a great number of new U.S.-flagged vessels made their way into service. In addition to Maid of the Mist's new electric tour boats James V. Glynn and Nikola Tesla featured Wednesday, the newbuilds highlighted below are some of the most noteworthy to come out of U.S. shipyards in 2020.DredgerU.S. dredging contractors have been adding tonnage in a big way. This Spring, Callan Marine added a significant piece to the U.S. fleet with its new Jones Act cutterhead suction dredge (CSD) General MacArthur.

16 Dec 2020

BW LPG Opts for Additional LPG Retrofits

(Photo: BW LPG)

BW LPG announced it will retrofit three additional vessels to make them dual fuel capable, brining to 15 the number of its ships slated to be equipped for running on both fuel oil and liquefied petroleum gas (LPG).The Oslo-listed shipowner, part of the BW Group, announced in 2018 that it would initially equip four very large gas carriers (VLGC) with the novel propulsion solution. Later, two four-vessel options were confirmed with this new three-vessel option making a total of…

13 Oct 2020

US Shipyards See Big Business Shifts

The second of three vessels for New York City’s Staten Island Ferry was launched by Eastern Shipbuilding this summer. (Photo: Eastern Shipbuilding Group)

The American shipbuilding scene, filled with participants constructing all manner of vessels, has been navigating through stormy times (lately, yards along the Gulf Coast have literally been dealing with storms). The orders for newbuild, repair and conversion projects continue to flow in—albeit at a reduced pace—and the boats and ships go down the ways into the water, but the overall panorama has seen tremendous sea changes as the business has shifted.Maritime businesses worldwide have been grappling with currents both internal and external.

04 May 2020

Metal Shark Delivers Towboat to FMT

The new towbaot Stephanie Pasentine is the first buily by Metal Shark at its Alabama shipyard acquired from Horizon Shipbuilding in 2018. (Photo: Metal Shark)

Metal Shark announced Monday its Bayou La Batre, Ala. shipyard has delivered its first newbuild, a 120’ x 35’ river towboat for Florida Marine Transporters, Inc. (FMT) of Mandeville, La.The four-decked, welded-steel, USCG Subchapter “M”-compliant towboat Stephanie Pasentine, which bears the distinction of being Louisiana-based Metal Shark’s first-ever steel newbuild and also its first inland towboat, was designed by John W. Gilbert Associates, Inc.The vessel’s twin Cat 3512C marine diesel engines deliver 2…

02 Apr 2020

Klaveness Expands Data Platform Contract with DNV GL

(Photo: DNV GL)

Following a three-vessel pilot project initiated in 2019, Klaveness Ship Management has opted to expand its contract with DNV GL's Veracity to sign up another eight vessels for the data platform service.The pilot saw Veracity partner with Arundo Analytics (Arundo) to install Arundo Edge Agent software onboard and stream data onto the Veracity data platform. On Veracity, the data is secured, stored, contextualized and combined with other data sources such as position data. This ‘fit-for-purpose’ data is then made available by Arundo and Klaveness for analytics…

28 Jan 2020

Teekay Tankers Closes $533M Credit Facility

Bermuda-based operator of mid-sized tankers Teekay Tankers has closed a new five-year, $533 million revolving credit facility to refinance 31 vessels.The size of the new debt facility was reduced since announcing the term sheet signing in November 2019 as a result of excluding five vessels from the new facility, including the three vessel sales noted above and a potential for further opportunistic vessel sales.The proceeds from the new debt facility will be used to repay approximately $455 million of the company’s existing debt. The new debt facility has substantially similar terms and extends balloon maturities from 2020/2021 until the end of 2024.Including the agreed asset sales and the new debt facility…

18 Nov 2019

New Contracts, Extensions for MMA Offshore

MMA Offshore, the provider of marine solutions and expertise to the offshore oil and gas industry, has been awarded a number of new contract awards and extensions.AGR Australia has awarded MMA a two-vessel contract supporting the Noble Tom Prosser Rig as part of the Victorian government’s CarbonNet Project, said the Australian company.The contract is expected to start late this month with a duration of about 45 days, the owner and operator of 30+ offshore supply vessels said.Esso Australia Pty Ltd has awarded MMA a three-vessel contract, also supporting the Noble Tom Prosser Rig and commencing in direct continuation of the AGR contract.

28 Aug 2019

Frontline Sees Opportunity in Tanker Market

So far in 2019, 41 VLCCs have been added to the global fleet compared to three vessel demolitions, said  the world's largest oil tanker shipping company Frontline Ltd.An additional 33 VLCCs are scheduled to be delivered in 2019 with 43 more to follow in 2020 before the order-book declines sharply.It is important to note that both the VLCC and Suezmax tanker order book as a percentage of the total fleet are at the lowest levels seen in over 20 years.The order book has been the biggest challenge for the tanker markets over the last 24 months. The removal of this overhang is positive, but a surge in new orders can of course quickly change this.Despite continued deliveries of newbuilding vessels in the short term…

20 Nov 2018

WFW Advises HSBC $123m Three Vessel Sinosure-backed Financing

Watson Farley & Williams advised HSBC Bank, HSBC Bank Middle East Limited HSBC Corporate Trustee Company  and a syndicate of banks including Mashreqbank, HSBC Bank Middle East Limited and Bank of Communications Ltd in connection with three Sinosure-backed loan facilities totalling approximately US$123m to UAE-based Zakher Marine International Inc (ZMI), to finance the construction and acquisition of three new high-spec jack-up barges.The delivery of the final two barges in September 2018 completed a structured financing and delivery process which saw Mashreqbank joining the project in 2017. Abu Dhabi-based ZMI was established in 1984 and now operates a fleet of 45 support…

22 Feb 2018

Qatar’s New Patrol Boat Completes Sea Trials

ARES 150 HERCULES (Photo: BMT)

The first of two new 48-meter patrol boats for the Qatar Coastguard has completed sea trials. BMT has partnered with ARES Shipyard (ARES) to design and build 17 patrol boats from advanced composites in 36 months – 18 months ahead of schedule. The latest in the series – the 48-meter ARES 150 HERCULES has just completed sea trials with the vessel achieving a maximum speed of 37 knots. The total order from the Qatar Ministry of Interior, Coastguard has comprised of three different vessel sizes: five of 24 meters, 10 of 34 meters and two of 48 meters.

11 May 2017

Spring Cargo Numbers Buoy Great Lakes-Seaway Shipping

The ocean-going vessel Federal Mackinac sails on the St. Lawrence Seaway this autumn. Photo Credit: The St. Lawrence Seaway Management Corporation

Spring cargo numbers from the St. Lawrence Seaway and U.S. ports are signaling a better year for Great Lakes-Seaway shipping. According to the latest figures from the St. Lawrence Seaway, total cargo shipments via the Seaway from the start of the shipping season (March 20 through April 30) reached 3.7 million metric tons, up 8 percent from the same period a year ago. “It’s still very early in the season, but we’re optimistic that 2017 will be a better year for Great Lakes-Seaway shipping,” said Bruce Burrows, President of the Chamber of Marine Commerce. “U.S.

21 Nov 2016

Damen Workboats for Fratelli Neri Fleet Expansion

Italian towing company Fratelli Neri S.p.A. has expanded its fleet with the delivery of three new Damen workboats. The trio of vessels will be based in the company’s home port of Livorno, on the Tuscan coast. Damen delivered all the vessels from stock;completing the final outfitting works within a timescale of three and a half months. This current delivery to Fratelli Neri consists of three different vessels. The first, an ASD 2913, was built at Damen Shipyards Galati. This vessel sailed from Romania to Italy on her own keel. The other two vessels – a Stan Launch 1305 and a Stan Tug 1606 – were being held on stock at Damen Shipyards Gorinchem in the Netherlands. Damen transported these two workboats to Livorno on a heavy-lift vessel.

29 Jul 2016

VARD Bags Three-vessel Contract

Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels secured a contract for the design and construction of three vessels for an undisclosed client. The aggregate contract price is approximately USD 70 million. Details of the contract will be disclosed in due course.

18 May 2016

Rising VLGCs fleet Impact LPG Freight Rates

LPG shipping freight rates are forecast to deteriorate further through 2016 as a result of the fast rising fleet of Very Large Gas Carriers (VLGCs) which has already started to impact earnings of smaller vessel classes, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry. VLGC freight rates have been in free-fall since August 2015 as fleet growth has continued to outpace demand. Over this period as many as 41 VLGCs have been delivered and as a result, spot rates for these vessels touched a six-year low of $25 per tonne in April on the benchmark AG-Japan route. In line with falling spot rates, time charter rates for VLGCs have also come under pressure, averaging $800,000 per month in April, 55% down on the same period last year.

12 Apr 2016

Melbourne RoRo Terminal Opens

Melbourne International RoRo & Automotive Terminal (MIRRAT) will officially open at Webb Dock West in Melbourne on the 10th April, 2016. MIRRAT is dedicated to providing best in class terminal services to the Automotive and RoRo markets in Melbourne by providing efficient, innovative and sustainable solutions to our customers. As part of Port of Melbourne Corporation’s port capacity project, MIRRAT was awarded the rights to design, construct and operate the new RoRo & Automotive Terminal at Webb Dock West. This was a unique opportunity to build a world-class purpose built facility to support the shipping industry and all users of the terminal.

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