Third Sanmar ElectRA Tug Arrives in Vancouver
A third electric-powered tug built by Sanmar Shipyards in Turkiye has arrived in Vancouver, Canada, to join HaiSea Marine’s fleet.HaiSea Brave will work in Vancouver alongside its sisters HaiSea Wamis and HaiSea Wee'git before all three – along with two Sanmar-built liquefied natural gas (LNG)-fueled tugs – are transferred to LNG Canada’s new export facility in Kitimat, British Columbia.Based on the ElectRA 2800 SX design by Canadian naval architects Robert Allan Ltd, HaiSea Brave…
Shipbuilders Council of America Names New Board Leaders
The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance and repair industry, announced its new Board of Directors leadership and the incoming chairs of the SCA Partners Committee. The announcements kicked off the Association’s Annual Meeting on May 17 in Washington, D.C.Brad Moyer, Vice President of BAE Systems Ship Repair, is ascending from his Vice Chairman post to Chairman of the Board, assuming the position from Ben Bordelon…
Bath Iron Works Gets $34 Million to Bolster Its Workforce
Bath Iron Works (BIW) will receive more than $34 million in federal funding for projects aimed at bolstering the Bath, Maine shipyard's workforce.U.S. Senator Susan Collins (R. - Maine), Vice Chairman of Senate Appropriations Committee and Defense Subcommittee, announced the funding has been approved by the U.S. Navy and included in the Fiscal Year 2023 Defense Appropriations bill as part of a larger initiative to make improvements to the infrastructure of the U.S. shipyards that build the Navy’s destroyers.BIW…
Institute of Chartered Shipbrokers Welcomes New Senior Officers
The Institute of Chartered Shipbrokers has officially welcomed its new senior officers at a Controlling Council meeting held in Athens, Greece.Taking over from Glenn Murphy as International Chair of the Institute is Luis Bernat. Prior to his election as Chair, Bernat has held the position of Vice Chair since 2021. He brings to the role extensive experience gained over almost 50 years in the industry. This includes, most recently, his role as Chartering Manager for TSL Shipping & Trading.
Cadeler and Eneti Complete Merger
Cadeler and Eneti have officially completed their merger, creating a leading offshore wind installation company.The New York- and Oslo-listed group will be named Cadeler and be headquartered in Copenhagen, Denmark, with offices across the world in Denmark, U.K., U.S., Taiwan, and Japan.Mikkel Gleerup, CEO of Cadeler, said, “This marks a historic moment for Cadeler and the entire offshore wind industry. We offer our partners and clients access to the strongest and most skilled team and the industry's largest, most flexible, most diverse, and modern fleet of windfarm installation vessels.
DiCosimo to Chair Greater Houston Port Bureau
The Greater Houston Port Bureau Board of Directors announced Vincent DiCosimo, vice president of government affairs at Targa Resources, will assume the position of the chairman of the board on January 1, 2024. DiCosimo has served as first vice chairman on the Port Bureau’s board for the last three years.Bernt Netland, the outgoing chairman of the Port Bureau Board said, “Vincent has been a part of the Port Bureau’s board for many years and has been active in his role as vice chair. He is an experienced and respected leader in the port region.
Cadeler and Eneti Announce Launch of Share Exchange Offer
Cadeler A/S and Eneti Inc., two offshore wind turbine and foundation installation companies, have announced the commencement of a share exchange offer for all the outstanding shares of common stock of Eneti.The offer is being made pursuant to the Business Combination Agreement, announced on June 16, 2023. The offer is expected to close within Q4 2023.The combined group will be named Cadeler, and be headquartered in Copenhagen, Denmark, with its shares to be listed on the New York…
HD KSOE Engineering Vice Chairman Receives Industrial Award
HD Korea Shipbuilding & Marine Engineering Vice Chairman Ga Sam-hyeon has received the Silver Tower Order of Industrial Service Merit for his contribution to national industrial development.The award was made in recognition of his achievements as a manager who contributed to the development and take-off of Korea's shipbuilding industry.The award was presented at the 20th Shipbuilding and Maritime Day Ceremony held in Seoul on September 20.Ka joined the ship sales division of HD…
Titanic Tourist Sub Still Missing as Rescuers Race Against Time
Rescuers were in a race against time to find a missing submersible on Tuesday, two days after it lost communication while taking wealthy tourists to see the wreckage of the Titanic in deep waters off Canada's coast.One pilot and four passengers were on board the submersible that disappeared on Sunday. The operating company said it had the capacity to stay underwater for up to 96 hours - giving those aboard until early on Thursday before air ran out.U.S. Coast Guard Rear Admiral…
Missing "Titanic" Submersible - Update
A five-person submersible vessel taking wealthy adventurers on a $250,000 trip to see the wreckage of the 1912 Titanic disaster 12,500 feet (3,800m) undersea is missing in the Atlantic off Canada.Reuters is reporting the following individuals onboard:HAMISH HARDING. The British billionaire and chairman of aviation consultancy Action Aviation is among those missing, according to his stepson. Dubai-based Harding had posted on social media that he was proud to be heading to the Titanic as a "mission specialist"…
Cadeler and Eneti Agree to Merge
Offshore wind turbine and foundation installation companies Cadeler and Eneti announced they have agreed to merge through a stock-for-stock exchange.The combined company will be named Cadeler, headquartered in Copenhagen, Denmark, with its shares to be listed on the New York Stock Exchange (NYSE) in addition to its current listing on the Oslo Stock Exchange (OSE) with a proforma market capitalization in excess of €1.2 billion. The combined group will operate four vessels on water today and six large-scale state-of-the-art new builds scheduled for delivery from 2024 to 2026.
Data-Driven Voyage Optimization: The Demise of the Data Silo
We’ve had the means for a while, now we have the incentive to crush the data siloes that are holding back voyage optimization.Like kids in the sandpit, owners and charterers are being forced to share, perhaps more than they really want to. The IMO and the EU, for starters, are setting data-driven decarbonization rules, and those in the sandpit are having to respond.Ship managers and data analysis specialists are developing technical solutions to boost transparency with the aim of facilitating shared responsibility on CO2 emissions, but it’s no easy task.
Hanwha Completes Purchase of DSME
The Hanwha Group has completed its take over of Daewoo Shipbuilding & Marine Engineering (DSME), renaming it Hanwha Ocean.Hanwha Vice Chairman Kwon Hyuk-woong has been appointed as CEO of the shipyard.The Korea Times reports that DSME suffered a 1.6 trillion won operating loss last year and 1.7 trillion won the year before. During the first three months of this year, it suffered 62.8 billion won in operating losses.Hanwha has already established a network of businesses that address renewable energy.
China Firm Wins Solomon Islands Port Project as Australia Watches On
The Solomon Islands has awarded a multi-million-dollar contract to a Chinese state company to upgrade an international port in Honiara in a project funded by the Asian Development Bank, an official of the island nation said on Wednesday.The United States and its allies, including Australia, New Zealand and Japan, have held concerns that China has ambitions to build a naval base in the region since the Solomon Islands struck a security pact with Beijing last year."This will be upgrading the old international port in Honiara and two domestic wharves in the provinces…
Ammonia Startup Amogy Raises $139 Million
Brooklyn, N.Y. startup Amogy on Wednesday announced it has raised $139 million to begin manufacturing its ammonia-to-power technology and bring its first product to market in 2024.The Series B-1 fundraising round was led by SK Innovation, joined by other global investors including Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures and DCVC. “We are working from a place where we have no doubt that our technology will change the world,” said Seonghoon Woo, CEO of Amogy.
OSM Maritime and Thome Agree to Merge
OSM Maritime Group and Thome Group have agreed to a merger that will create one of the world's largest ship management companies.The combined company OSM Thome will be headquartered in Arendal, Norway, with technical management hubs maintained in Singapore and Europe. Today, the two companies manage 1,000 ships in different segments such as tank, bulk, container, car carriers, cruise ships and offshore vessels and units, whereof 450 ships on full technical management, and 550…
National Waterways Foundation Elects Trustees and Officers
At its meeting held November 6 in Paducah, Ky., the National Waterways Foundation (NWF) has re-elected the following Trustees:Cherrie Felder, Channel Shipyard CompaniesPeter H. Stephaich, Campbell Transportation CompanyH. Merritt Lane, Canal Barge CompanyClark Todd, Blessey MarineKristin Beck, LaFargeHolcimStephen SheridanThe NWF also elected the following new Trustees:Jennifer Carpenter, CEO, American Waterways OperatorsAndrew Brown, Vice President - Legal & Claims, Ingram Barge CompanyJason Nyberg…
Sail Freight: Fair Winds or Grassroot Sustainability?
Climate change advocates and seafarers recently gathered for a small conference at the Hudson Valley Maritime Museum in Kingston, N.Y., to discuss the shipping industry’s struggle to achieve sustainability and environmental compliance.The setting, the hamlet of Rondout, N.Y. (within Kingston), holds significance as it was, ironically, a Hudson River port once considered the largest coal port in the world (yes, the world). In 1828, the opening of the Delaware and Hudson Canal enabled coal to be delivered from Pennsylvania to New York City.
Thome Opens Fleet Operations Hub in Mumbai
The Thome Group announced the opening of its new operations hub at its office in Mumbai.The new hub, which complements the one opened in November 2017 at Thome Group’s head office in Singapore, boosts fleet support using a large video wall comprising of 10 LED monitors to display different monitoring and enterprise resource planning systems simultaneously.The Mumbai hub will be operational 24/7 being equipped with state-of-the-art resources such as video conferencing, CCTV, UPS…
Crude Tanker Rates Expected to Stay Strong Despite Russia Turmoil
Prospects for the crude oil tanker market are expected to stay strong for at least the next year helped by low ship ordering, despite the loss of some trade from Russia due to Western sanctions, leading ship operators say.Russia has increased exports to Asia, Africa and South America following the imposition of Western sanctions for its invasion of Ukraine.
Port of New Orleans Board Elects Jensen as Chairman
Rhe Board of Commissioners of the Port of New Orleans (Port NOLA) on Thursday elected Jack C. Jensen, Jr. to serve as Board Chairman, succeeding Charles H. Ponstein, whose term as Chairman ended this month. Also elected were Joseph F. Toomy, who will serve as Vice Chairman, and Walter J. Leger, Jr., who will serve as Secretary-Treasurer for the nine-month term.“Jack Jensen has brought decades of transportation and logistics experience to this board, and we look forward to his…
Irving Cuts Steel for Canada's Sixth and Final Arctic and Offshore Patrol Ship
Irving Shipbuilding Inc. announced it has cut first steel for the future HMCS Robert Hampton Gray, marking the official start of production for Canada’s sixth and Final Arctic and Offshore Patrol Ship (AOPS) for the Royal Canadian Navy built under the National Shipbuilding Strategy.Construction of Canada’s future combat fleet begins at Irving Shipbuilding’s Marine Fabricators facility in Dartmouth, N.S. The resulting 70,000 pieces are fabricated in a strategic sequence to meet…
US Inland Waterway Infrastructure: Riding a Good News Wave
The inland waterways have enjoyed several positive developments toward modernization of the system, particularly over the last two years.Annual appropriations that fund the U.S. Army Corps of Engineers’ Civil Works mission have been steadily on the rise for the last nine fiscal years, specifically the Construction and Operations & Maintenance (O&M) accounts have been funded at historic levels. The passage of the Infrastructure Investment and Jobs Act (IIJA) in 2021 provided a…