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Thursday, March 28, 2024
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27 Mar 2024

Brazilian Built Submarine with French Tech Launched

(Photo: Naval Group)

The presidents of France and Brazil on Wednesday launched a submarine built in the South American country with French technology in a program that aims to build Brazil's first nuclear-powered submarine by the end of the decade.Presidents Emmanuel Macron and Luiz Inacio Lula da Silva attended a ceremony in the Itaguai shipyard near Rio de Janeiro, launching the third diesel-powered submarine built in a $10 billion partnership.Brazil first lady Janja da Silva smashed a champagne…

27 Mar 2024

Strategic Marine to Build CTV for Polish Offshore Wind Industry

Illustration (Credit: BMT/Strategic Marine)

LOTOS Petrobaltic, an ORLEN Group company, signed a contract for the construction of a Crew Transfer Vessel (CTV) with Singapore-based Strategic Marine, set for service in the Polish offshore wind market.The StratCat 27 CTV is scheduled to be completed this summer, with delivery to Europe planned for early September 2024.This CTV will join the existing fleet managed by Miliana Shipmanagement Limited, a company belonging to the LOTOS Petrobaltic capital group, which owns five offshore…

26 Mar 2024

FMD Acquires AMMCON

Image courtesy FMD/AMMCON

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has acquired AMMCON Corp., a Jacksonville- based fittings and assembled components manufacturer. The defense contractor’s acquisition continues its expansion and commitment to providing critical components to the U.S. Navy and other marine defense customers.“Fairbanks Morse Defense is working to build fully integrated products and services that will meet every need of maritime defense…

26 Mar 2024

Carnival Orders Excel-class Cruise Ship

Carnival Jubilee (File photo: Meyer We3rft)

Fresh on the heels of its first newbuild order in five years, the world's largest cruise company has placed an order for an additional vessel.U.S.-based Carnival Corporation on Tuesday announced it has signed an agreement with German shipbuilder Meyer Werft to build an Excel-class cruise ship for its Carnival Cruise Line brand for expected delivery in 2028.The ship will be the 11th Excel-class ship for the corporation's fleet across four of its brands, and the fifth to be sailed by Carnival Cruise Line.

25 Mar 2024

Van Oord Doubles Profit, Announces New CEO

Source: Van Oord

Van Oord concluded 2023 with revenue reaching record high and profits more than doubled.The company saw revenue growth across both its Dredging & Infra and Offshore Energy business units, which resulted in a significantly revenue increase of 42% to EUR 2.9 billion from EUR 2.0 billion in 2022.Net profit doubled to EUR 127 million from EUR 60 million in 2022. High fleet utilisation and the continued sharp focus on risk and contract management contributed to the improved results.The order book increased by 3% to EUR 4…

25 Mar 2024

US Dredging: Plenty of Issues, New WRDA on the Way

(Photo: Janet Meredith / U.S. Army Corps of Engineers)

2024 marks another year for development of a biennial WRDA bill—Water Resources Development Act, critical legislation for the Nation’s waterways, ports and harbors. WRDA encompasses a range of issues, from environmental regs to energy use to agriculture and, of course, a focus on projects critical for economic growth.Because these are dynamic and timely issues, Congress and the maritime sector like to keep WRDA on a two-year reauthorization timeline. Indeed, the House Transportation & Infrastructure Committee, December and January, held three WRDA information hearings.

24 Mar 2024

German Wind Sector Welcomes Offshore Terminal Funding

© Fokke Baarssen / Adobe Stock

The German Offshore Wind Energy Foundation said the government's decision to help fund the expansion of an offshore terminal is important to achieve expansion goals for wind energy at sea.In a statement late Friday, the foundation said it welcomed a government move to contribute to the costs of expanding the terminal at the port of Cuxhaven, on the North Sea coast.The government has agreed to finance the 30-hectare (74 acres) expansion of the offshore terminal, together with the state of Lower Saxony and the private port industry…

21 Mar 2024

Inland Waterways Focus: The Pacific Northwest Columbia-Snake River System

© Rich / Adobe Stock

"The Columbia River and its tributaries, wetlands, and estuaries are the lifeblood of the Pacific Northwest, providing abundant water, power, recreation, agriculture, transportation and natural resources that have supported livelihoods, cultural and spiritual practices, commerce and economic growth.” - President Biden, Memorandum of September 27, 2023.Those abundant benefits directly impact about 13 million people in the Pacific Northwest. Hydropower extends that plentitude to millions more, powering cities and industry from Idaho to California.

20 Mar 2024

Green Ships ePSV to Feature Amogy’s Ammonia-to-power System

(Image: Green Ships Invest)

Green Ships Invest has signed a contract to purchase of Amogy’s carbon-free ammonia-to-electrical power systems for a fleet of new environmentally friendly platform supply vessels (PSV). Green Ships, which is designing/procuring so-called ePSVs (electrical PSVs), had signed a memorandum of understanding (MOU) with Amogy in October 2023.Under the newly signed contract, Green Ships Invest will design the ePSV to be equipped with 2 megawatts (MW) of clean energy capacity through the integration of ten of Amogy’s pioneering 200 kilowatt (kW) ammonia-to-electrical power systems.

20 Mar 2024

SFL Acquires LR2 Product Tanker Trio

© Kalyakan / Adobe Stock

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…

19 Mar 2024

Derecktor Building Hybrid Ferries for Chatham Area Transit

(Image: Derecktor Shipyards)

Derecktor Shipyards New York is building a pair of hybrid ferries for Savannah, Ga. based Chatham Area Transit (CAT). Delivery is expected in 2024.The two 65-foot-long, 50-passenger ferries will be equipped with an electric propulsion package from BAE Systems, including permanent magnet traction motors and HybriGen Power system. Each vessel will feature a 308 kWh energy storage system (ESS) from Xalt Energy and a pair of Marine Jet Power (MJP) Ultrajet 305 waterjets.The ferries are being built to operate on short…

19 Mar 2024

US Coast Guard Clarifies Fire Safety Rules for Small Passenger Vessels

(Photo: Edward Wargo / U.S. Coast Guard)

The U.S. Coast Guard published an interim rule on December 27, 2021, to implement Congressionally-mandated requirements for fire safety on “covered small passenger vessels” (CSPVs), as defined by 46 U.S.C. 3306(n). Congress adopted the statutory mandate in response to the fire and loss of 34 lives onboard the dive boat CONCEPTION off the California coast on 02 September 2019.The USCG has identified a need to clarify the reference in 46 CFR 175.110(c) with respect to fire detection…

18 Mar 2024

CEO Says Exxon Mobil Not Trying to Buy Hess

Source: Hess

Exxon Mobil CEO Darren Woods on Monday said his company is trying to establish it has rights over Hess Corp's Guyana assets in its dispute with Chevron, not buy the company itself.In his first public remarks on the company's pursuit of an arbitration case that could block Chevron's $53 billion deal for Hess, Woods said Exxon would not have waited for Chevron to announce its Hess deal if it had wanted to buy Hess."We're basically standing up for what we believe is a fundamental right," Woods told Reuters at the CERAWeek energy conference in Houston.

18 Mar 2024

Pressure Builds for Charge on Shipping Sector's CO2 Emissions

© Yellow Boat / Adobe Stock

The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector's greenhouse gas emissions, documents reviewed by Reuters showed.The documents, being discussed at an International Maritime Organization (IMO) meeting now entering a second week, outline four proposals with a combined 47 backers for imposing a fee on each tonne of greenhouse gas the industry produces.Support for…

18 Mar 2024

JUB Pacific Bolsters Liftboat Fleet

(Credit: JUB Pacific)

JUB Pacific, a Singapore-based provider of specialized offshore liftboat services, has acquired one of the largest liftboats in Africa, said to be perfectly suited for servicing major players in the oil and gas sector within the Africa region.JUB Pacific acquired the Caracal Pioneer liftboat, which shall be renamed to JUB Pioneer, in a strategic move to extend the company’s global reach and solidify its position as one of the leading liftboat players.The unit is well-equipped to support a diverse range of offshore operations which is highly required by large oil companies in Africa…

15 Mar 2024

Sanmar Delivers Its Sixth ElectRA Tugboat to Norwegian Operator

BB Electra (Credit: Sanmar)

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.

14 Mar 2024

Seapath Launches Jones Act Leasing Business

(Photo: The Libra Group)

Libra Group subsidiary Seapath has launched a Jones Act leasing business offering maritime leasing and financing solutions and a growing portfolio of vessels valued at approximately $25 million.The group said it sees significant unmet demand for the supply of Jones Act compliant transport assets.Joshua Lubarsky, president of Seapath, said, “Domestic maritime transportation is the backbone of the U.S. transportation system. By launching our new Jones Act leasing business, Seapath…

18 Mar 2024

New Electric Ferry Service Launching in Halifax

(Image: Government of Nova Scotia)

A new environmentally friendly electric ferry service is planned to launch in Halifax, Canada.The province of Nova Scotia, along with the federal government and Halifax Regional Municipality, announced on March 4 a joint investment to build the Mill Cove Ferry Service, which will include five fully electric ferries, two terminals and a maintenance facility. All-electric propulsion, which slashes vessel emissions, noise and vibration, has been taking off in the ferry industry as the operational profile for these vessels—often including frequent…

12 Mar 2024

Ascenz Marorka Obtains Cybersecurity Type Approval

© jijomathai / Adobe Stock

Ascenz Marorka, a GTT Group company, has been granted a type approval for cybersecurity for its digital solutions by Bureau Veritas.The type approval highlights the ability of the Ascenz Marorka solutions to meet the cybersecurity challenges of the maritime sector with resilience and reliability. Benefiting from robust protection for its computer systems, encrypting the data used and being able to isolate the networks are some examples of approved functionalities. This approval demonstrates the Ascenz Marorka commitment to helping build a sustainable future…

12 Mar 2024

Irish Ship Fuel Initiative Gets Underway

Source: GDG

MaREI, the SFI Research Centre for Energy, Climate and Marine, and renewable energy consultants Gavin & Doherty Geosolutions (GDG) have announced the inception of the 'ShipFuel' research project.The initiative is set to position Ireland at the helm of maritime sustainability by developing a clear path to support the transformation of the shipping sector's reliance on traditional fuels to low-carbon alternatives.The research is funded by the Sustainable Energy Authority of Ireland.

12 Mar 2024

Updated Framework Released for Comparing Decarbonization Technologies

© Mariusz / Adobe Stock

The Maritime Technologies Forum (MTF) has released an updated Framework for Assessing Decarbonization Technologies and Alternative Energy Carriers and a comprehensive assessment on the maturity and readiness of alternative fuel options, expanding the number of evaluated fuels covered since the previous heatmap report issued in November 2022.The assessment applied MTF’s recently updated framework to an expanded set of eight fuels, including fossil LNG, fossil MGO combined with carbon capture and storage (CCS)…

13 Mar 2024

MARAD Announces $500 Million in Funding for Port Infrastructure

© trekandphoto / Adobe Stock

As a part of President Biden’s Investing in America agenda, the U.S. Department of Transportation’s Maritime Administration (MARAD) published a Notice of Funding Opportunity (NOFO) for $500 million in Federal Fiscal Year 2024 funding through MARAD’s Port Infrastructure Development Program (PIDP).Investments made under the PIDP focus on modernizing the Nation’s coastal and inland waterway ports as well as strengthening its supply chains and economic security for generations to come.

12 Mar 2024

Huisman to Supply Two Subsea Cranes for Toyo’s New Cable Layer

Toyo's VARD 9 15 design CLV with Huisman cranes (Credit: Huisman)

Dutch company Huisman has secured a contract to supply two subsea cranes for Toyo Construction’s new cable laying vessel (CLV), being built by Norwegian shipbuilder Vard.The contract Huisman signed with Vard is for the delivery of full electric 250 mt Hybrid Boom Subsea Crane, and a 100 mt Knuckle Boom Crane that will be integrated into Toyo’s CLV newbuild.The purpose-built VARD 9 15 design is expected to advance capabilities for cable-laying and turbine foundation installation works in the Japanese offshore wind sector.Designed to meet the specific Toyo’s requirements and preferences of Toyo…