Eco News

Greek shipowner Tsakos Energy Navigation (TEN), Ltd. announced it another vessel sale as part of its ongoing fleet renewal program.Sold was the aframax tanker Izumo Princess, the first in a series of eight pioneered-designed vessels the company built between 2007 and 2010.The sale will add approximately $37 million to the company’s cash balances, TEN said.“Following the sale of nine tankers over the last 12 months with an average age of 18.5 years, this subsequent 10th transaction…

The Maritime International Advisory Panel (IAP) held its third annual meeting on April 16, 2024, during the Singapore Maritime Week 2024. This year, the Maritime IAP held in-depth discussions on the key developments in the maritime sector, including decarbonization, green financing, digitalization and cybersecurity.Established in 2022 by the Ministry of Transport (MOT) and the Maritime and Port Authority of Singapore (MPA), the Maritime IAP aims to seek international perspectives on key long-term trends and developments that will shape the maritime industry.

If nothing else, building vessels in the U.S. is a complicated business.In a session on the domestic shipbuilding marketplace, at Marine Money’s late-November 2023 conference held in New Orleans, Ben Bordelon, president and CEO of Bollinger Shipyards (with more than a dozen facilities, in Mississippi and Louisiana), described his company’s architecture as a “three-legged stool approach: commercial newbuilds, government newbuilds and repair/conversion capabilities”.On the same panel…

The SMM 2024 trade show will run from September 3-6 this year, and organizers are expecting more visitors and exhibitors than last time; the exhibition halls are nearly fully booked.“We are expecting more than 2,000 international exhibitors from 70 nations,” says Claus Ulrich Selbach, Business Unit Director Maritime and Technology Fairs & Exhibitions at Hamburg Messe und Congress. “We are overwhelmed by the response. We are actually setting-up an additional hall to accommodate all requests.

Eureka Shipping announced it has ordered a new cement carrier from Holland Shipyard Group in the Netherlands for scheduled for delivery in 2025.Eureka Shipping, jointly owned by SMT Shipping and The CSL Group, said the 12,500 dwt mechanical/pneumatic cement ship will replace two older vessels in the Great Lakes region while maintaining the same cargo capacity for operations.The newbuild will be fitted with a diesel-electric a propulsion system consisting of four generator sets…

DNV has awarded HD Hyundai Mipo Dockyard an approval in principle (AIP) for the design of ammonia dual fuel 45,000 m3 liquefied petroleum gas (LPG) carriers.The presentation took place at the HD Hyundai Global R&D Center (GRC) in Seongnam, Korea. HD Hyundai Mipo (HMD), who have developed the basic ship design, provided detailed engine specifications and operational data from global engine maker, WinGD, and reviewed the safety and suitability of the design with DNV. The designs are based around a new 10…

As part of its ongoing Aquarius Eco Ship Project, Eco Marine Power and Nakashima Propeller will explore the further use of carbo-fiber reinforced plastic (CFRP) and glass-fiber reinforced plastic (GFRP) for ship structures and other maritime applications.Eco Marine Power will also investigate the use of CFRP propellers to improve energy efficiency and reduce underwater noise created by ship propulsion systems.CFRP & GFRP are composite materials that can offer a versatile and efficient solution for a range of ship structures by providing a balance of strength…

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply the cargo handling systems for additional two new very large LPG carrier vessels to be built at the HD Hyundai Heavy Industries in South Korea.The ships have been contracted by Norwegian ship owner Solvang. The order follows a similar one placed in 2023 for five vessels being built at the same yard for the same owner.The very large gas carriers (VLGCs) are of Panamax size and form the next generation of eco-vessels.

HMM has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on the supply of methanol and LNG at Shanghai Port.HMM has committed to achieving net-zero emissions target for the entire business by 2050.HMM is also working on eco supply chain networks at Singapore and Busan. HMM also signed new building contracts for nine 9,000TEU vessels powered by methanol, and plans to operate two 7,700TEU LNG-powered vessels by the end of this year.Since 2022, SIPG has provided bonded LNG bunkering services for many shipping companies worldwide.

U.S. shipbuilder Eastern Shipbuilding Group, Inc (ESG) on Wednesday announced it is teaming up with Dutch shipbuilding group Royal IHC to design and construct a highly automated hopper dredge for the U.S. Army Corps of Engineers (USACE).The diesel-electric vessel, contracted for the Department of Defense, will be constructed at ESG's Allanton and Port St. Joe facilities in Florida for scheduled delivery in 2027.The new 6,000-cubic-yard-capacity medium-class hopper dredge (MCHD) will be based at the Corps’ Philadelphia District…

Ballast water management systems (BWMS) manufacturer Techcross said it plans to roll out a variety of eco-friendly shipbuilding equipment lineups in addition to the existing BWMS at the Sea Japan 2024 maritime trade show."The optimal solutions provided, based on extensive engineering and installation experience, are expected to not only reduce costs for customers but also contribute to the protection of the Earth’s environment," the South Korean-based company said.Techcross said it will also officially begin sales of HYCHLOR 2.0, a non-filter type indirect electrolysis BWMS that received U.S.

Shipowner SFL Corporation on Wednesday announced it has agreed to acquire three new LR2 product tankers in combination with long term time charters to an energy and commodities company.The vessels are currently under construction in China, with the latest eco-design features, SFL said, noting the sellers are affiliates of the company’s largest shareholder Hemen Holding Ltd.SFL said it will acquire the three ships for an aggregate purchase price of approximately $230 million, in…

Esgian reports that drilling contracts have been announced this week for operations in Brazil and the Philippines, and new discoveries have been confirmed in the UK and Namibia in its Week 11 Rig Analytics Market Roundup.ContractsCOSL Drilling has emerged as the winner for Petrobras' moored semisubmersible tender with the 4,600-ft Nanhai 8 (also known as Nan Hai Ba Hao).Noble has secured a high-dayrate drillship contract with Prime Energy in the Philippines.Drilling Activity and…

Danish offshore marine services company Maersk Supply Service and U.S. vessel owner Edison Chouest Offshore (ECO) have partnered up for the construction and operation of a windfarm feeder concept specifically designed for Maersk Supply Service’s next-generation wind installation vessel (WIV).The purpose-built feeder spread includes two tugs and two barges to be delivered in 2026. They will be owned and operated by ECO and constructed by Bollinger Shipyards – the largest privately-owned shipyard group in the United States.As a key component to the installation process…

Turkish shipbuilder Sanmar has delivered the sixth electric power tugboat from its ElectRA series to Norwegian operator Buksér og Berging.Named BB ELECTRA by its new owners, the tug will be based at the Port of Oslo.It boasts exclusive-to-Sanmar ElectRA 2200 SX design from Canadian naval architects Robert Allan, and represents the eighth tug that Sanmar has delivered to Buksér og Berging.With an overall length of 22.2 meters excluding fenders, molded breadth of 10.84 meters and least molded depth of 4.4 meters, BB ELECTRA has 1.718 kWh of battery power.

HD Hyundai Marine Solution has signed an agreement with Greek operator Neptune Lines Shipping and Managing Enterprises SA to provide Engine Part Load Optimization (EPLO) services for four car carriers.HD Hyundai Marine Solution partnered with Accelleron to launch the EPLO service, receiving the first order for one ship in October last year.Most marine engines are built to provide optimal fuel efficiency and performance for the speed and environment for which the ship is designed.

Quality Tank Cleaning LLC (QTC) has inaugurated a new industrial tank cleaning facility in collaboration with Harvey Gulf (HGIM).The company has introduced Ivan Galicia as a partner in the new endeavor located at Harvey Gulf’s Operations Facility in Port Fourchon, LA.With an illustrious career spanning over 25 years in the industry, Galicia is esteemed for his unparalleled expertise in tank cleaning operations, earning him recognition as a foremost authority in the field. He and…

With the launch of Hanwha Engine, South Korea’s shipbuilder Hanwha has become fully equipped to provide total shipbuilding solutions, including engine production with in-house manufacturing and technology capabilities.Hanwha has officially launched its new affiliate, Hanwha Engine, after successfully acquiring HSD Engine, the world’s second-largest marine engine company in terms of market share.According to the company, it will leverage Hanwha Engine’s abundant experience in marine engine production and the synergy among Hanwha affiliates to develop and commercialize eco-friendly fuel engines…

Iridium Communications has entered into an agreement to acquire Satelles, Inc., a leader in secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems. The service, named Satellite Time and Location (STL), is designed as an easy-to-adopt, secure solution that increases the efficiency and reliability of timing systems for digital infrastructure like 5G base stations, data centers, and other critical infrastructure and protects…

DHT Holdings announced it has entered into agreements to build four very large crude carriers (VLCC) in South Korea for delivery between April and December 2026.Two of the large tankers will be constructed at Hyundai Samho Heavy Industries and the other two at Hanwha Ocean (formerly known as Daewoo Shipbuilding & Marine Engineering), for an average price of $128.5 million. The contracts include options for an additional four vessels that can be delivered during the first half of 2027.The vessels have been ordered to Super Eco-designs and have carrying capacity of about 320,000 metric tons.

South Korean shipbuilder Hanwha Ocean has received an order to construct two very large crude carriers (VLCCs) for a shipping company in Oceania.The order for VLCCs, worth $257.8 million (342 billion won), is the first such order for Hanwha Ocean in the last three years. This is also the highest price for the vessels in 16 years, since the 2008 global financial crisis, the company said.The ships will be built at the Geoje plant and delivered to the shipowner in the first and second half of 2026…

The United States’ Bureau of Ocean Energy Management (BOEM) approved the Construction and Operations Plan (COP) for Equinor’s Empire Wind project, marking another milestone in advancing the New York offshore wind project.With this permitting action by BOEM secured, Empire Wind is on track to begin construction in its federal lease area off the southern coast of Long Island later this year. Already well advanced in planning and development, Empire Wind 1 could deliver first power to New Yorkers by 2026.

An affiliate of Edison Chouest Offshore has withdrawn its application for financing under the U.S. Maritime Administration's (MARAD) Title XI program.Title XI is a government loan program with the Federal Financing Bank as the lender. It is intended to promote the growth and modernization of the United States' merchant fleet and shipyards by offering repayment terms and interest rates that are generally better than those available from the commercial lending market.ECO Edison…