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Friday, April 26, 2024
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In Chapter News

23 Apr 2024

First in "Prima Plus Class", Norwegian Aqua Launched

Image courtesy Norwegian Cruise Lines/Fincantieri

The uniquely painted Norwegian Aqua was launched at the Fincantieri  Marghera (Venice) shipyard, the first vessel in the Prima Plus class for Norwegian Cruise Line's (NCL).With external work now complete, the yard and its partners will forcus on completing the ship for its scheduled April 2025 delivery.“We are thrilled to celebrate another milestone together with our partners at Fincantieri, who are an integral part of the Prima class ships' journey and support us in evolving the extraordinary experience we design and deliver to our guests…

22 Apr 2024

TotalEnergies, OQ Reach FID for Marsa LNG Project in Oman

(Credit: TotalEnergies)

French energy giant TotalEnergies and Oman National Oil Company (OQ) have reached the final investment decision (FID) on the Marsa LNG project, which will feature an LNG plant completely powered by renewable energy that will produce LNG for use as a marine fuel for maritime transportation.Through their joint company Marsa Liquefied Natural Gas (Marsa), TotalEnergies (80%) and OQ (20%) have launched the integrated Marsa LNG project which combines upstream gas production, downstream gas liquefaction…

19 Apr 2024

New York Not Moving Forward With Three Offshore Wind Farms

© Global Image Archive / Adobe Stock

New York State on Friday stalled three major offshore wind-energy projects after General Electric Vernova GE.N changed the turbine design, which the state said "materially altered" the plans.New York provisionally approved the projects in October 2023. They are Attentive Energy One being developed by TotalEnergies, Rise Light & Power and Corio Generation; Community Offshore Wind, which is backed by RWE and National Grid Ventures; and Vineyard Offshore's Excelsior Wind.But since then…

17 Apr 2024

Mounting Tensions Could Spark EU-China Trade War, European Chamber President Warns

© foto-select / Adobe Stock

China and Europe face a "slow motion train accident" as a rising tide of protectionism threatens to become a full trade war, the head of a European business lobby group warned on Wednesday, a day after Germany's chancellor conveyed European concerns to Beijing.Jens Eskelund, president of the European Chamber in China, said that while some worries about trade in both countries were legitimate, there was a risk of unproductive decoupling if European and Chinese leaders did not increase…

24 Mar 2024

IMO Progresses MARPOL GHG Chapter

Source: IMO

The IMO’s MEPC 81 meeting, concluded on March 22 with progress made on several fronts but the door left open to a number of risks, including that of architecture, timing, scope of emissions, compliance and enforcement, says consultancy UMAS.A new draft for a chapter in the Annex VI of MARPOL has been initiated titled “Regulations on the IMO net-zero framework”.Whilst, this new chapter is just a framework of subheadings for now, it includes all the elements needed to adopt any of the GHG policy options currently under consideration.

17 Mar 2024

Launch Ceremony Held for A-O-S' New Jones Act CTV Gripper

(Photo: American Offshore Services)

An official launch ceremony was held to celebrate the commissioning of a new Jones Act compliant crew transfer vessel (CTV) built for American Offshore Services (A-O-S)—the company's first.Constructed by Blount Boats in Warren, R.I., the 100-foot-long aluminum catamaran is owned and operated by A-O-S, a joint venture formed in 2020 by leading European CTV operator Northern Offshore Services (N-O-S) and U.S.-based investment firm OIC.The vessel will support Ørsted and Eversource’s portfolio of offshore wind farms in the Northeast…

29 Feb 2024

New York Awards Equinor and Orsted New Offshore Wind Contracts

© Fokke Baarssen / Adobe Stock

New York officials on Thursday awarded provisional contracts to two proposed offshore wind projects under a program meant to support the embattled industry and keep the state's clean energy goals on track.The state selected a planned 810-megawatt project, Empire Wind 1, (developed by Equinor) and Sunrise Wind, a planned 924-megawatt project (developed by Orsted and Eversource).The closely watched solicitation by the New York State Energy Research and Development Authority (NYSERDA)…

27 Feb 2024

FMC Updates Controlled Carrier List

Source: Hede (HONGKONG) International Shipping Limited

Hede (HONGKONG) International Shipping Limited has been classified by the US Federal Maritime Commission as a controlled carrier of the Government of the People’s Republic of China and added to the agency’s Controlled Carrier List.The Controlled Carrier List was further revised by removing COSCO Shipping Lines (Europe) GmbH, which has ceased serving the US trades and has cancelled its tariff. Other COSCO entities remain on the list.Controlled Carriers are ocean common carriers operating in the US-foreign trades that are…

26 Feb 2024

Herculaneum Port Site Cleared for Redevelopment as Intermodal Hub

(Photo: St. Louis Regional Freightway)

A 300-acre property along the Mississippi River in Herculaneum, Missouri recently received Port District zoning making way for redevelopment as an intermodal transportation hub and industrial park.Located on the shipping lanes of the Mississippi River, the site has been utilized since the 1700s as a port. With its easy access for barge loading and offloading and the site’s proximity to early lead mines in adjacent Washington County, under early French ownership the port was utilized to ship lead cannonballs and shot to Europe to support Napolean’s army.

22 Feb 2024

Fleet Management Managing Director Rajvanshy Steps Down

Kishore Rajvanshy (Photo: Fleet Management Limited)

Dr. Kishore Rajvanshy is stepping down after three decades as managing director of Fleet Management Limited (FLEET), currently the world’s largest third-party ship management company.FLEET announced it has begun implementing a phased succession plan as Rajvanshy transitions from his current role, with a global search for a new managing director underway.As part of this transition, Angad Banga, the chief operating officer of FLEET’s parent company, The Caravel Group, will co-lead FLEET with Rajvanshy – where Rajvanshy will continue to manage the technical…

21 Feb 2024

American Queen Voyages Up for Sale as Hornblower Gets New Majority Owner

(Credit: Hornblower Group)

A global alternative investment firm Strategic Value Partners has entered into agreement with Hornblower Group to acquire the majority ownership of the company in exchange for significant equity investment. As part of the agreement, Crestview Partners retained minority ownership in the business, and the decision was made to sell or wind down the company’s overnight cruises unit American Queen Voyages.Aside from significant minority stake in the business, Crestview will become the sole owner of Journey Beyond…

15 Feb 2024

BP Welcomes FLNG Gimi in West Africa

FLNG Gimi (Credit: BP)

The floating liquefied natural gas (FLNG) vessel Gimi, that is a core component of the Greater Tortue Ahmeyim (GTA) LNG project, has arrived at its destination on the Mauritania and Senegal maritime border.The FLNG vessel Gimi is at the heart of the GTA Phase 1 development, operated by BP with partners, Kosmos Energy, PETROSEN and SMH.GTA Phase 1 is set to produce around 2.3 million tonnes of LNG per year. The innovative project is expected to produce LNG for more than 20 years…

13 Feb 2024

Wreck of WWII-era Cargo Ship Found in the Great Lakes

(Photo: Great Lakes Shipwreck Historical Society)

The wreck of a World War II-era freighter has been discovered in over 600 feet of water around 35 miles north of Michigan’s Keweenaw Peninsula.Over the last 7 years, shipwreck researcher Dan Fountain has been studying remote sensing data in the search for shipwrecks in Lake Superior. After coming across a particularly deep anomaly, he reached out to the Great Lakes Shipwreck Historical Society (GLSHS) for help in identifying the potential wreck. In 2023 GLSHS Director of Marine Operations…

12 Feb 2024

Victaulic Acquires Utility Coatings & Fabrication

(Photo: Victaulic)

Victaulic, manufacturer of mechanical pipe joining, fire protection, and flow control solutions based in Easton, Pa., announced it has acquired Utility Coatings & Fabrication, Inc. (UCF) located in West Jordan, Utah.“This acquisition represents Victaulic’s fourth consecutive investment in the last four years, highlighting the company’s strategic vision for ongoing growth,” remarked Rick Bucher, President and Chief Executive Officer of Victaulic. “Victaulic remains dedicated to…

02 Feb 2024

Okapi Buys Yara Marine Technologies

Okapi Supply Trading Advisory SA CEO, Mohamed J. Ndao (Photo: Okapi Supply Trading Advisory)

Yara Marine Technologies (YMT) has been acquired by Geneva-based Okapi Supply Trading Advisory SA (formerly Sarl) to expand its maritime solutions portfolio.Yara Marine offers a portfolio of cutting-edge green technologies, spanning from SOx Scrubbers and Vessel Optimization solutions (Route Pilot AI, FuelOpt, and Fleet Analytics) to turnkey Shore Power solutions. The acquisition comes as the industry faces increasing emissions regulations and financial impetus to meet the 2030, 2040 and 2050 emissions goals set by the International Maritime Organization (IMO).Yara Marine Technologies’ Dr.

01 Feb 2024

Westwood Shipping Lines Rebrands as Swire Shipping

(Photo; Swire Shipping)

Swire Shipping announced that Westwood Shipping Lines, a niche vessel operator it acquired in June 2022, has changed its name to Swire Shipping.According to Sire, the rebrand—which took effect February 1—will help Westwood to leverage synergies and capabilities in containers, networks, and projects across the global Swire Shipping network to better serve customers throughout North America, Japan, South Korea and China.“The integration of Westwood Shipping Lines reflects our continued investment and expansion in the North Pacific.

14 Jan 2024

2023 a Record Setting Year for Singapore

Source: Government of Singapore

Chee Hong Tat, Singapore’s Acting Minister for Transport, announced a record year in 2023 at a Singapore Maritime Foundation New Year Conversations event.The annual vessel arrival tonnage in the Port of Singapore crossed three billion gross tonnage (GT) for the first time, increasing by 9.4% over 2022 and setting a high of 3.09 billion GT in 2023. This reflects growth in all segments, including container ships, dry bulk carriers, liquid bulk and chemical tankers, ferries and specialised vessels…

28 Dec 2023

Low Flashpoint Bunkers Identified in Indonesia

© TED / Adobe Stock

Singapore-based CTI-Maritec has found that seven samples from four different suppliers representing HSD and Bio Distillate grade deliveries in Indonesia have a flashpoint as low as 35°C.The samples were taken between December 10 and 19 2023.The company reminds that SOLAS Chapter II-2, Part B, Reg. 4. Clause 2.1.1 states: “The following limitations shall apply to the use of oil as fuel, except as otherwise permitted by this paragraph, no oil fuel with a flashpoint of less than…

04 Dec 2023

Marine News' Top Vessels of 2023

Empire State (Photo: MARAD)

The November edition of Marine News magazine highlighted a selection of the most notable American newbuilds delivered of 2023—from a first-of-its-kind green towboat, to the lead vessel in a series of game-changing ships to train U.S. mariners.Empire StateAs the lead vessel in a series of five new training ships being constructed to serve America's state maritime academies, Empire State is easily one of the most important U.S.-built vessels delivered in recent memory.Built by Philly Shipyard for the U.S.

13 Dec 2023

CSOV IWS Skywalker Delivered

(Image: IWS)

Integrated Wind Solutions (IWS) announced its IWS Fleet subsidiary has taken delivery of the new commissioning service operations vessel (CSOV) IWS Skywalker from shipbuilder China Merchants Industry Holdings Co., Ltd. (CMI).After transit to Europe, the vessel will commence the first out of three charter contracts at the world's largest offshore wind farm—Dogger Bank, in the U.S.—in the first quarter of 2024.The purpose-built IWS Skywalker is the first of a series of six identical sister vessels, with the remaining five vessels scheduled for delivery in 2024 and 2025.

07 Dec 2023

Hornbeck Offshore Discloses Revenue Growth in Its IPO Paperwork

(File photo: Hornbeck Offshore)

Marine transportation services provider Hornbeck Offshore on Thursday made public its paperwork for a stock market listing in New York, which showed its revenue rose in the three months ended September.The listing will test the appetite for another stock flotation at a time when green shoots in the U.S. IPO market have been overshadowed by the poor post-debut performances of some high-profile firms that listed recently.Hornbeck intends to list its shares on the New York Stock…

18 Dec 2023

Time is Running Out for some Fi-Fi Foams

Image courtesy Scanunit.

A new IMO resolution will see the phase-out of foam firefighting systems that use fluorinated foams containing perfluoro-octane sulfonic acid (PFOS) as the foam-producing component. The new rules come into effect under a rolling programme beginning in 2026, but Swedish maritime engineering specialist Scanunit believes that a proactive replacement strategy should be put into effect now.Foam firefighting systems on ships typically make use of a family of synthetic chemical compounds known as perfluoroalkyl and polyfluoroalkyl substances (PFAS).

18 Dec 2023

The Man Behind the 'Jones Act'

Senator Wesley Livsey Jones (Credit: Library of Congress, Prints and Photographs Division, photograph by Harris and Ewing, [LC-DIG-hec-15427])

Senator Wesley Livsey Jones gave his name to the famous “Jones Act” governing U.S. domestic maritime trade. But what do really know about him? It turns out that he was much more than a leading merchant marine policy maker. (i)Jones had a long career in the U.S. House of Representatives before he was a Senator, was an effective legislator, an astute politician, one of the hardest working legislators of his era, and always viewed as honest and forthright. His many maritime legislative successes included the Merchant Marine Act…