Marine Oil News

Danish shipowner NORDEN has recently placed a newbuilding order for six dry cargo vessels from Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS), a joint venture between COSCO Shipping and Kawasaki Heavy Industries, for delivery in the next two to three years. All six orders are for Supramax vessels with a capacity of 64,000 deadweight tonnes.NORDEN's Head of Asset Management, Henrik Lykkegaard Madsen, said, “Placing this newbuilding order is an integrated part of our asset trading strategy…

Mining company Anglo American announced that its newly launched liquefied natural gas (LNG) dual-fueled Capesize+ vessel, the Ubuntu Harmony, has loaded its first cargo of iron ore from its Kumba operations in South Africa.The 190,000 tonne bulk carrier, flagged in Singapore, is the first of 10 LNG dual-fueled newbuilds that Anglo American will introduce to its chartered fleet during the course of 2023 and 2024, delivering an estimated 35% reduction in CO2 emissions compared to ships fueled by conventional marine oil fuel.

Shipping and commodities firms will commission more ships partly powered by liquefied natural gas (LNG) next year while ramping up trials for biofuel bunkering as they seek to cut emissions from ship operations, senior executives said this week.The shipping industry is seeking to reduce its reliance on oil as it tries to meet carbon emission reduction targets set out by the U.N.'s International Maritime Organization.These include the shipping industry cutting carbon emissions by 40% from 2008 levels by 2030…

Marine perception sensor aims to provide high-def situational awareness to eliminate at-sea collisions and allisionsSea Machines Robotics unveiled AI-ris (Artificial Intelligence Recognition and Identification System), a new marine computer-vision navigation sensor designed to improve safety and performance while vessels are underway. Sea Machines’ AI-ris uses digital cameras and AI-processing to detect, track, classify and geolocate objects, vessel traffic and other potential obstacles in the majority of operational conditions, day or night.

WTW has launched CyNav for Ports and Terminals, a cyber solution specifically designed to help address the escalating cyber risks faced by owners and operators in this strategically vital sector of the global maritime supply chain. The release of CyNav for Ports and Terminals is a direct response to growing calls from operators for a bespoke product that addresses the specific risks faced by their high-value asset class and closes the gaps found in the standard cyber policies of today’s insurance market.Due to the outsized role its practitioners play in supporting the global economy…

Neste and Nordic Marine Oil have partnered to pilot a new Neste Marine 0.1 Co-processed marine fuel in Scandinavia – a solution the pair claims will help the maritime sector reduce greenhouse gas (GHG) emissions: designed to cut up to 80% GHG emission reduction over the lifecycle compared to fossil fuels.“At Neste, we are dedicated to helping our customers and the entire value chain to reduce their GHG emissions. In 2021, our renewable products helped customers to reduce 10.9 million tons of their GHG emissions. Maritime is one of the largest sources of transport emissions.

Japan's Asahi Tanker said it will start using the world's first electric-powered tanker for ship fuelling, known as bunkering, later this month in an effort to cut carbon emissions.Japan, which is the world's fifth-biggest CO2 emitter, aims to achieve carbon neutrality by 2050, while the global shipping industry, which relies on oil to power its vessels, is trying to speed up efforts to reduce emissions of greenhouse gases."The vessel's core energy system is completely electrified to achieve zero emissions of CO2…

Engine manufacturer Scania said it has been selected by the Western Canada Marine Response Corporation (WCMRC) to power four 52-foot oil spill response landing crafts.Currently in production by family-owned Burlington, Wash welded aluminum boat manufacturer the William E. Munson Company, the vessels are powered by twin keel-cooled 750 HP Scania DI13-liter 088M engines with Twin Disc 5095 marine gearboxes, supplied by distributor Cascade Engine Center. Propulsion is provided by Hamilton 403 waterjets. This combination offers a top speed of 35 knots at full power.

Fairbanks Morse acquired Breco International Inc., a diesel engine repair and rebuilding service provider. The move expands service markets for Fairbanks Morse with commercial marine, oil and gas and locomotive, and will add service support for customers.“Breco has an established track record of being customer-focused and operationally efficient and we are pleased to bring the Breco team and assets into Fairbanks Morse,” said George Whittier, CEO of Fairbanks Morse. “This acquisition opens up service markets for Fairbanks Morse and we intend to continue Breco’s business model of providing fast, cost-competitive solutions to customers.”Breco International Inc. is a diesel engine parts and service company specializing in the ALCO brand.

China's Shanghai International Energy Exchange (INE) said on Thursday it had signed an agreement with PetroChina International Co Ltd to cooperate on the overseas delivery for its low-sulfur fuel oil futures contract.Both parties have reached a consensus on cross-border overseas delivery for the marine oil and see the move as an "important foundation" for China's first futures delivery "going global", Shanghai Futures Exchange-owned INE said in a statement.This would be the first time a Chinese futures contract would be deliverable outside of China, which could boost the liquidity and increase

Finland-based technology group Wärtsilä said it has divested 100% of its shares in Wärtsilä Valves Ltd to an affiliate of Evergreen Capital L.P., based in New York. The transaction was closed Thursday.“Wärtsilä is focusing on creating a stronger and simpler core whilst making sure the non-core businesses get an opportunity under a new ownership to be able to drive their business success and better serve their customers,” said Tamara de Gruyter, President, Wärtsilä Marine Systems and Head of Portfolio business.

The owners the New Diamond supertanker which caught fire with a cargo of two million barrels of oil aboard has agreed to pay 340 million rupees ($1.84 million) to Sri Lanka for its help in extinguishing the blaze and averting disaster.The interim claim is for services provided by the Sri Lankan navy, air force, ports authority and Marine Environment Protection Authority (MEPA) after the fire on Sept. 3 until Sept 15, said Nishara Jayaratne, coordination officer of Sri Lanka's Attorney General.Insurers of the vessel West of England will settle the bill…

Sri Lanka is seeking at least 340 million rupees ($1.9 million) from the owner of the stricken oil supertanker New Diamond for assistance given to the vessel since it caught fire on Sept. 3, the coordinating officer to the country's attorney general said.Nishara Jayaratne said the cost was for services provided by various departments including the Sri Lankan navy, air force, ports authority and Marine Environment Protection Authority, among others, up until Sept. 15.The fully-loaded vessel is still in Sri Lankan waters…

Sri Lanka has initiated repair work on the ruptured fuel oil tank in the engine room of a stricken fully loaded oil supertanker after plugging the leak, the country's Navy said.The supertanker is currently 52 nautical miles (96 kms) from the Sri Lankan coast, Navy spokesman Indika de Silva said. "Salvors are on board, they plugged the leak and the repair is still going...They have vacated the ruptured tank and transferred the dirty water into the ballast section," de Silva told Reuters. A fire broke out in the engine room of the Greek-owned New Diamond tanker on Sept.

The ongoing oil pollution incident from the grounded 203,000 DWT bulk carrier MV Wakashio is threatening an ecological catastrophe around the Indian Ocean island of Mauritius, endangering corals, fish and other marine life already under threat from climate change (IPCC 2018).In addition, it risks bringing devastating consequences for the economy, food security, health and tourism industry. Tourism in Mauritius - a popular destination for its pristine beaches - reportedly contributed about $1.6 billion to its economy during the last year…

When discussing the arrival of autonomous workboats, many – especially those developing the technologies that enable them – say it’s is not a matter of if, but when. In fact, autonomous harbor tugs are already being put to the test in Singapore, where authorities hope to establish the technological infrastructure to enable fully autonomous ship operations. In the U.S., an autonomous vessel was shown to be able to respond to marine oil spills.But is autonomy really the future?

Waterjet propulsion systems manufacturer Marine Jet Power (MJP) said it has appointed Firstbreak Ltd as an official sales and service agent, based in Christchurch, New Zealand.Under the terms of the new agreement, Firstbreak Ltd will offer MJP customers in-region support, including parts fulfilment and local service for builders and operators in New Zealand and other parts of Southeast Asia.With a long history in the marine, oil and gas industries Firstbreak Ltd, led by Brent Paulsen…

James Fisher Marine Services (JFMS), provider of marine engineering services, has been awarded scheduled maintenance contract on one of the leading offshore wind farms of the future.The specialist in services to the marine, oil and gas said that as per contract, it will  provide scheduled maintenance services at East Anglia ONE, located approximately 31 Nm southeast of the Port of Lowestoft, where it will help ensure performance at one of the leading offshore wind farms of the future.Back in 2015/16 ScottishPower Renewables (SPR) made a 25-year commitment to the Port of Lowestoft. This included a GBP25m investment into a the recently opened facility that will be the center of all day-to-day operations for the first of its planned wind farms…

Pollution response can be faster and more effective when there is an established emergency communications and emergency system.Mediterranean Countries recently met at a regional workshop held in Brussels, Belgium (22-23 October), to explore the set-up of a common emergency communication system for marine pollution incidents that connects the entire Mediterranean region. During the event, representatives from 12 Mediterranean countries - Albania, Algeria, Bosnia & Herzegovina, Egypt, France, Israel, Malta, Montenegro, Morocco, Spain, Tunisia and Turkey - received training in the European Union's Common Emergency Communication and Information System for Marine Pollution from ships and off-shore units (CECIS).The participants…

A proposed “Blue Fund” to help combat illicit ship pollution in the Mediterranean is set to be studied by States and stakeholders working to protect the Mediterranean marine environment.According to a press note from  International Maritime Organization (IMO), this was agreed at a meeting of the regional network for law enforcement officials of the Mediterranean, known as Mediterranean Network of Law Enforcement Officials relating to MARPOL within the framework of the Barcelona Convention (MENELAS) - organized by REMPEC, the IMO-administered pollution emergency response center in the Mediterranean.The meeting in Valletta, Malta (15-16…

Ferries serving the Western Isles and West Coast of Scotland could soon be powered by hydrogen generated from onshore island wind power, according to a newly published feasibility study.The Scottish Western Isles Ferry Transport Using Hydrogen (SWIFTH2) project, which was led by the Point and Sandwick Trust in collaboration with seven industry partners including Wood, was part-funded by the Scottish Government’s Low Carbon Infrastructure Transition Programme.The project team also included Siemens Gamesa Renewable Energy, ITM Power, ENGIE, Ferguson Marine Engineering, Caledonia Marine Assets Ltd and Johnston Carmichael.The study assessed the feasibility of deploying hydrogen-powered passenger ferries on nine existing Caledonian MacBrayne ferry routes servicing the Western Isles.

Corvus Energy, a provider of energy storage solutions for marine, oil & gas and port applications, announced that DNV GL and Corvus Energy have completed the DNV GL Manufacturer Product Quality Assessment (MPQA) and have signed a Manufacturing Survey Arrangement (MSA), resulting in streamlined quality control processes and faster customer deliveries.Under the terms of the MSA, Corvus Energy has been granted the ability to witness the Factory Acceptance Testing (FAT) at its plant in Richmond, British Columbia, Canada, without the presence of a DNV GL surveyor.“We are honored to be the first battery or energy storage system manufacturer in the world to be approved for MSA certification…

As a part of its cooperative agreement with the U.S. Department of Transportation Maritime Administration (MARAD), Boston-based Sea Machines Robotics announces that it has successfully demonstrated its autonomous systems in action on board a Kvichak Marco skimmer boat during events held along the Portland harbor earlier today.Sea Machines’ technology opens a new era of capability for the marine industry, and today the company demonstrated its ability to increase the safety, productivity and predictability of response for marine oil-spill operations.