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Thursday, March 28, 2024
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Sales News

27 Mar 2024

Baltimore Bridge Port Blockade Won't Trigger New Supply Chain Crisis, Experts Say

Satellite image ©2024 Maxar Technologies.

The catastrophic bridge collapse that closed the Port of Baltimore to ship traffic is unlikely to trigger a major new U.S. supply chain crisis or spike goods prices, due to ample and growing spare capacity at competing East Coast ports, economists and logistics experts say.With six people still missing after a container ship collision destroyed the Francis Scott Key Bridge, it remained unclear how long the span's twisted superstructure would block the harbor's mouth.But port officials…

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.

21 Mar 2024

Red Sea Attacks Temporarily Increase Demand for Ships

© Yellow Boat / Adobe Stock

The BIMCO Container Shipping Market Overview & Outlook for March 2024 has been published, and Niels Rasmussen, BIMCO’s Chief Shipping Analyst, highlights that ship supply is expected to grow on average 9.1% in 2024 and 4.1% in 2025.Rerouting via Cape of Good Hope is assumed to impact the first half of 2024. Ship demand increases an estimated 9.5% in 2024 and falls 0.5% in 2025. The supply/demand balance is expected to tighten in the first half of 2024 but then weaken when ships can return to the Suez Canal routing.According to the IMF…

20 Mar 2024

Meyer Werft Lays Keel for Next Disney Cruise Line Ship

(Photo: Meyer Werft)

The construction of the next cruise ship for Disney Cruise Line has reached another milestone: assembly of the ship's hull began today with the traditional keel-laying ceremony. The ship is the sister ship of the Disney Treasure, which is also under construction, and the Disney Wish, which launched in 2022.The keel was laid in the 504-meter-long covered building dock at Meyer Werft in Germany. Philip Gennotte, portfolio project management executive, Walt Disney Imagineering Germany…

19 Mar 2024

Vestdavit Hits New Sales Record as Orders Increase 76% From Last Year

Vestdavit’s Telescopic davit, from the TDB series, undergoing inspection at Vestdavit Production in Poland (Credit. Vestdavit)

Norwegian davit supplier Vestdavit has notched up a new annual sales record for another consecutive year after seeing its order intake surge by 76% in 2023 on high demand from the offshore wind and oil and gas sectors, as well as increased sales in its core naval market.Vestdavit has expanded its market position in offshore wind after both gaining new customers and winning repeat orders with existing clients, including Esvagt and Rem Offshore, with orders in this sector accounting for more than $9.4 million (NOK 100 million)…

18 Mar 2024

OMSA Announces New Board Members

(File photo: Bordelon Marine)

Industry trade group the Offshore Marine Service Association (OMSA) announced the addition of four CEOs to its board of directors.The new board members include Wes Bordelon, Chief Executive Officer, Bordelon Marine; Stacy Jo Stanley, Chief Executive Officer, Offshore Oil Services, Inc.; David Dantin, Chief Executive Officer, Odyssea Marine; and Lasse Petterson, Chief Executive Officer, Great Lakes Dredge and Dock."With the addition of these four executive leaders, OMSA pays homage to its roots while welcoming expanded opportunities in emerging energy frontiers…

18 Mar 2024

Siemens and NVIDIA to Build Industrial Metaverse

Source: NVIDIA

Siemens is bringing immersive visualization powered by new NVIDIA Omniverse Cloud APIs to the Siemens Xcelerator platform, driving increased use of AI-driven digital twin technology and creating an industrial metaverse.“We will revolutionize how products and experiences are designed, manufactured and serviced. On the path to the industrial metaverse, this next generation of industrial software enables customers to experience products as they would in the real world: in context…

18 Mar 2024

Schottel Breaks Ground for Rudder Propeller Factory Expansion in Germany

Ground breaking ceremony for new logistics center (Credit: Schottel)

Schottel has marked the symbolic start of construction for the expansion of its rudder propeller factory in Dörth, with the construction already advancing towards the planned commissioning in 2025.Schottel is expanding its rudder propeller factory by adding a logistics center measuring around 4,000 m2.As the official ground-breaking ceremony was delayed, it has now taken place symbolically against the backdrop of the shell construction that has already begun.The total investment volume amounts to €9.5 million…

18 Mar 2024

Esvagt Picks Brunvoll Propulsion for New SOV

(Credit: Hav)

Norwegian firm Brunvoll has been selected as a supplier of the propulsion and maneuvering system for one of Esvagt’s new offshore wind service operation vessels (SOV).Esvagt’s new SOV will be controlled by Brunvoll’s propulsion and thruster control system, BruCon PTC.The vessel will be outfitted with two azimuth propulsion thrusters, two retractable azimuth thrusters, and a tunnel thruster.Once completed, the new vessel will enter operation for Vestas on the Hollandse Kust West VI wind farm in the North Sea. The wind farm will feature 54 wind turbines and can deliver 760 MW.

17 Mar 2024

Venture Global LNG to Buy Fleet of LNG Vessels

© Andriy Sharpilo / Adobe Stock

Venture Global LNG said on Sunday it would acquire a fleet of nine liquefied natural gas (LNG) transport vessels, expanding its ability to sell and ship its own cargoes.Venture Global LNG has exported hundreds of cargoes since it started liquefying gas for export in 2022 from the first of its three planned facilities in Louisiana. The vessels it used were owned by other companies and leased.The nine vessels in Venture Global's future fleet will be built in South Korea with the first to be delivered later this year…

15 Mar 2024

Brunvoll Inks DP2 Upgrades Deal for More Møkster Vessels

The Stril Mermaid and Stril Mariner vessels (Illustration - Brunvoll, with photos from Møkster)

Maritime systems supplier Brunvoll has signed a contract with Simon Møkster Shipping to deliver upgrades for Stril Mermaid and Stril Mariner vessels.In addition to replacing the existing DP2 systems for the two vessels, Brunvoll will also replace the current propulsion and thruster control systems, as well as the independent joystick system.The systems will be replaced with Brunvoll's BruCon DP2, BruCon PTC (Propulsion & Thruster Control), and BruCon JS.This will ensure even better…

14 Mar 2024

MAN Energy Solutions Delivers First Ever Ammonia-Ready SCR to Mitsui

Cluster 5 Double Layer SCR (Credit: Man Energy Solutions)

MAN Energy Solutions has announced the production of a massive Cluster 5 Double Layer Selective Catalytic Reduction (SCR) converter to MITSUI E&S.The cluster comes ammonia-ready and is the largest such unit that the company has ever built.Such systems are typically used aboard cruise ships and cargo ships to reduce nitrogen oxide emissions by 90%.“As the very first SCR for an ammonia engine anywhere in the world, this is a historic moment. As the largest, high-pressure SCR we have ever built, this marks a new milestone for our business.

14 Mar 2024

Wärtsilä Inks Lifecycle Agreement with P&O Ferries for Two Vessels

M/V Pioneer vessel (Credit: P&O Ferries)

Technology group Wärtsilä has signed a Lifecycle Agreement with UK-based P&O Ferries for two of its vessels – the M/V Pioneer and the M/V Liberté.The scope of the five-year agreement the Lifecycle Agreement with P&O Ferries includes parts and maintenance services, as well as maintenance planning, operational support and Wärtsilä’s Expert Insight predictive maintenance service.The predictive service enables issues to be identified before they cause a delay in the schedule. Delays…

13 Mar 2024

Second Russian Tanker, Hit by Sanctions, Docks in China

© Nightman1965 / Adobe Stock

Russian tanker Krymsk, hit by sanctions, docked on Wednesday at the Chinese port of Dongying in eastern Shandong province, home of independent refiners, to discharge 700,000 barrels of Russian Sokol crude, LSEG and Kpler shipping data showed.This is the second Russian oil tanker, hit by sanctions, to dock at Chinese ports this month. Last week, tanker Liteyny Prospect discharged its 700,000-barrel Sokol crude cargo at the Chinese port of Huanghua near Cangzhou city in Hebei province.The Dongying port authority declined comment when contacted by Reuters.

13 Mar 2024

US Meets with Panama on Iran Sanction-Evading Ships

© Valehr / Adobe Stock

The United States has asked Panama to ban Iranian vessels sanctioned by Washington from using its flag, U.S. State Department special envoy Abram Paley said on Wednesday.Paley said the request aims to prevent ships from being used for illegal actions such as supporting groups designated as Iranian terrorist organizations with oil sales.In January 2023, Panama's maritime authority said it had withdrawn its flag from 136 ships linked to Iran's state oil company in the last four years.

13 Mar 2024

SCHOTTEL Names Roland Schwandt Deputy CEO

Roland Schwandt (Photo: SCHOTTEL)

SCHOTTEL GmbH announced it has appointed Roland Schwandt as Deputy CEO with effect from January 1, 2024.Schwandt joined SCHOTTEL in 2000 as a graduate naval architect, starting his career as a project and sales manager  in various SCHOTTEL sales segments. After briefly managing the Tug & Offshore Energy segment, in 2018 he was entrusted with the responsibility for the global sales activities of SCHOTTEL GmbH and its now 14 subsidiaries as Vice President Sales.Alongside his role at SCHOTTEL…

12 Mar 2024

SAAM Closes 2023 with Historic Earnings

Source: SAAM

SAAM reported net income of US$501 million in 2023, representing its best-ever results thanks to the sale of its port and logistics assets to Hapag-Lloyd, which generated a net gain of US$422 million.Sales for the year totaled US$540 million and EBITDA was US$160 million, surpassing the prior year by 17% and 9%, respectively."The sale of our port terminal and inland logistics operations leaves us in a solid position to move forward on the path we have set for ourselves: to lead the consolidation process in the towage industry and grow in air cargo logistics services.

11 Mar 2024

ONE Establishes New Headquarters in Dubai

Sundeep Sibal courtesy of ONE.

Ocean Network Express (ONE) has opened a West Asia Regional Headquarters in Dubai. The move aims to expand ONE's growth in the rapidly developing markets of the Indian Subcontinent, Middle East and East Africa.The West Asia Regional Headquarters office will serve as ONE’s central hub across the region, encompassing functions such as commercial activities, customer service, and digitization. It will also house a team dedicated to developing regional trade partnerships and exploring…

07 Mar 2024

Adapted ME-GI Gas Engine Runs on Hydrogen

(Image: MAN Energy Solutions)

MAN Energy Solutions’ licensee, MITSUI E&S Co. Ltd., has announced that it has successfully tested a 50-bore MAN B&W two-stroke engine up to 100% load at its Tamano facility while running on hydrogen, a world-first for the maritime industry.In collaboration with MAN Energy Solutions, MITSUI converted one of the four cylinders of an MAN B&W ME-GI (-Gas Injection) engine to hydrogen operation. The hydrogen was supplied from a hydrogen gas-supply system that MITSUI developed in 2023.Stable operation was achieved at various loads and operating conditions…

07 Mar 2024

Electric Hydrofoil Ferries Set to Hit the Water in Abu Dhabi

(Photo: Candela)

Candela, manufacturer of zero-emission, electric hydrofoil boats, and Al Seer Marine, a global maritime organization headquartered in Abu Dhabi, announced a partnership to revolutionize waterborne public transportation within the emirate.The partners will work together to introduce Candela's electric hydrofoil boats for public transport use. They will also establish a sales and service network within Abu Dhabi and explore further collaboration opportunities to develop and implement innovative and sustainable public waterborne transport solutions for Abu Dhabi's needs."At Al Seer Marine…

07 Mar 2024

Tanker Liteyny Prospect, Hit by Sanctions, Docks in China to Offload Russian Oil

© Vallehr / Adobe Stock

The Russian tanker Liteyny Prospect, hit by sanctions, has docked at the Chinese port of Huanghua to discharge its 700,000-barrel Russian Sokol crude cargo, two sources familiar with the matter said, clearing part of a backlog of cargoes disrupted by sanctions on Moscow's oil trade.The tanker is one of six ships carrying Sokol crude, which India has not been able to import due to payment issues. The six ships had been sailing to China but five of them are floating at sea early this week, shipping data showed, following fresh U.S.

06 Mar 2024

Hanwha Launches New Affiliate Rounding Off Its Total Shipbuilding Solutions Capabilities

Hanwha Engine Launch Ceremony (Credit: Hanwha)

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…

06 Mar 2024

NOV's Telescopic Leg Crane Wins Two Industry Awards

Source: NOV

NOV’s telescopic leg crane has recently received recognition for its exceptional contribution to the offshore industry. At the Offshore Support Journal (OSJ) Industry Gala Dinner & Awards on February 7, the crane won the OSJ Innovation of the Year Award 2024, acknowledging its significant impact on offshore support vessel design, build, and operational aspects over the past year, marking a milestone for the heavy lift industry.This award follows another win at the Maritime Awards Gala on November 6…