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Wärtsilä Gas Solutions, part of technology group Wärtsilä, has signed a contract for the supply of cargo handling system for a new 12,500 m3 LNG bunkering vessel being built for Spanish shipowner Scale Gas, a subsidiary of Enagás.The order has been placed by the yard building the vessel, Nantong CIMC Sinopacific Offshore & Engineering, and was booked by Wärtsilä in the first quarter of 2024.The vessel is co-financed from the Support for Sustainable and Digital Transport Programme…

My brother and I had a discussion about methanol where we concluded that methanol is a promising sustainable liquid fuel for transportation devices when batteries cannot do the job. While Methanol is initially not carbon zero, as long as we focus on developing zero carbon electrical energy, eventually we can produce zero carbon green methanol. Once there is plentiful green methanol, existing methanol vehicles will automatically become zero carbon transportation.The core argument…

Provaris Energy and Norwegian Hydrogen AS have announced a new agreement to jointly progress the identification and development of several sites in the Nordic region for the large-scale production and export of hydrogen to European markets.The projects will utilize locally available renewable energy to produce hydrogen for shipment to European ports. This will assist energy-intensive industries in making an impact on their decarbonization plans and target a scale and level of…

Star Bulk Carriers Corp. on Tuesday announced that it has completed its merger with fellow dry bulk shipping company Eagle Bulk Shipping Inc.Eagle Bulk shareholders this week voted to approve the $2.1 billion deal, which was first announced in December 2023.Under the terms of the merger agreement, each Eagle shareholder received 2.6211 shares of Star Bulk common stock for each share of Eagle common stock owned. Eagle common stock has ceased trading and will no longer be listed on the New York Stock Exchange.Petros Pappas…

The Canadian government has awarded a contract to shipbuilder Chantier Davie Canada Inc. of Lévis, Quebec, for initial work related to the construction of new Program Icebreakers. Under this $19.6-million contract including taxes, Davie will begin work to develop the initial design.A series of six new Program Icebreakers is planned to replace the Canadian Coast Guard’s (CCG) medium icebreakers that operate in Atlantic Canada and the St. Lawrence waterways during the winter, and in the Arctic during the summer.This contract enables the shipyard to initiate project planning phases…

Fortescue has conducted the world's first ammonia marine bunker operation in the port of Singapore, the city-state's Maritime and Port Authority (MPA) and the Australian mining company said on Friday.The Singapore-flagged Fortescue Green Pioneer was loaded with liquid ammonia from an existing facility at Jurong Island's Vopak Banyan Terminal for the trial, Fortescue and MPA said in a joint statement.The vessel is dual-fuelled and can adopt ammonia for bunkering in combination with diesel.

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.

Imports of fuel oil bound for the U.S. Gulf Coast fell to a five-year low last month as refiners ran more cheap, heavy Canadian crude and geopolitical tensions in the Middle East pressured fuel oil flows.Fuel oil deliveries to the Gulf Coast dwindled in February to just 318,000 barrels per day (bpd), a 20% drop from the prior month and marking their lowest level since February 2019, data from tanker tracking firm, Kpler showed.Heavy fuel oil feedstocks like high sulfur fuel oil…

LMG Marin France reports it has secured an engineering contract with Eastern Pacific Shipping (EPS) for integration of bound4blue eSAILsEPS will install its first ever wind-assisted propulsion system, three 22-metrer eSAILs o,n board the 2019-built oil and chemical tanker Pacific Sentinel in Q4 this year. The expected net gains in term of consumption are 10% subject to routing.LMG Marin said it worked with EPS, bound4blue, ABS to ensure preliminary feasibility studies of the turnkey eSAILs solution onboard the 183-metre…

30 years ago shaft generators with PTI capability kept container ships sailing at top speed. That purpose gone, PTI/PTO is making a new comeback in more cargo shipping segments, this time for reducing emissions.Retrofitting a shaft generator is not an insignificant undertaking. Around 50 tons of equipment needs to be installed into the engineroom through a hole in the hull. A new section of shaft is usually required.That a few shipowners are undertaking such projects - Klaveness Combination Carriers on the Ballard…

EDGE Group, a United Arab Emirates-based advanced technology and defense group, and Fincantieri, one of the largest shipbuilders in the world, have entered into a term sheet aimed at creating a joint venture (JV) that will focus on the manufacturing of a broad range of sophisticated naval vessels.EDGE will hold a 51% stake in the venture, which has a commercial pipeline valued at approximately $32.4 billion (€30 billion), with management direction provided by Fincantieri.The Abu Dhabi-based JV will be awarded prime rights to non-NATO orders…

Idemitsu Tanker, IINO Kaiun Kaisha (IINO Lines), Nippon Yusen Kabushiki Kaisha (NYK), and Nihon Shipyard have established a consortium to conduct joint research and development of design concepts for Malacca Max-type very large crude oil carriers (VLCCs).The design concepts, including machinery and environment equipment, will be developed with a view of reducing greenhouse gas (GHG) emissions, the consortium that was initiated by Idemitsu Tanker said.Aiming to reduce emissions by 40% or more compared to previous levels…

Despite the Pakistani & Bangladeshi markets stabilizing and displaying a far greater aggression at the bidding tables over the last five weeks, it has been a remarkably quieter start to 2024 for ship recycling than many had anticipated, says cash buyer GMS.With Houthi attacks, trading markets have remained unseasonably firmer, thereby delaying the historical ‘post-New Year aggression’ from the sub-continent ship recycling markets that the industry has become accustomed to over…

Japanese shipping firm Mitsui O.S.K. Lines (MOL) and JX Nippon Oil & Gas Exploration Corporation (JX) have signed a memorandum of understanding (MoU) to develop a carbon capture and storage (CCS) value chain between Japan and Australia, including CO2 marine transport.The MoU focuses on the establishment of a CCS value chain by capturing CO2 emitted from ENEOS refinery and nearby various industries in Japan, transporting it by CO2 carrier to the Port of Bonython in Australia, and…

A fishing vessel mate not maintaining a proper lookout and conducting maintenance on critical equipment while underway led to the collision of a containership and fishing vessel, the National Transportation Safety Board (NTSB) said Wednesday. No injuries were reported. Damage to the vessels was estimated at $6.25 million.On October 28, 2022, while the containership MSC Rita was transiting southbound in the Atlantic Ocean, the fishing vessel Tremont was transiting north-northeast in the same area.

This is the dawning of the age of AI and Big Data, huge agglomerations of new and transformative energy; almost self-generating, always strengthening and pulling at the reins, seeking to break free and run, a prospect both exciting and terrifying. That image can imply a human is holding the reins. How quaint: these days, AI itself may be holding the reins.In a review of innovation in 2023 – across any industrial or economic sector, not just maritime – AI looms large, a game-changer equivalent to IBM’s programming advances in the 1940s.

Franklin, La. shipbuilder Gulf Craft LLC in November kicked off construction on new Incat Crowther-designed passenger ferry for the U.S Virgin Islands.The new USCG Subchapter-K approved, 104-foot (32-metre) vessel will service the busy tourist and commuter route between Red Hook on the island of St. Thomas, and Cruz Bay on the island of St. John. Currently, two other Incat Crowther-designed 28-metre vessels service this route.The simple yet stylish new ferry will be designed with…

Dry bulk shipping companies Star Bulk Carriers and Eagle Bulk Shipping have reached a deal to merge in a $2.1 billion all-stock deal.The terms of the definitive agreement have received unanimous approval from the boards of directors of both New York-listed ocean carriers, and the companes expect the deal to close in the first half of 2024 following approvals from regulators and Eagle shareholder.Eagle shareholders will receive 2.6211 shares of Star Bulk common stock for each share of Eagle common stock owned.

This article examines 10 structural safeguards in Coast Guard Suspension and Revocation (S&R) Proceedings that ensure Coast Guard Administrative Law Judge (ALJ) decisional independence. These safeguards separate potential agency influences from the ALJ decision making process and are critical to mariner due process and fundamental fairness. We will start with an overview of Coast Guard S&R proceedings, followed by brief discussions of the Administrative Procedure Act, Administrative Law Judges, and U.S. Office of Personnel Management oversight.

Ship recycling markets continue to struggle going into the final weeks of the year, reports cash buyer GMS. There has been very little activity or new sales to report, with most end users abstaining from buying and rather wishing to wait and watch developments.Contrary to many expectations, India has lost around 3,000 rupees ($35/LDT) from steel prices.Pakistan was buoyed by the news that their country will sign up to the Hong Kong Convention – which will enter into force from 2025…

bp's search for a new chief executive is set to extend into the first quarter of 2024, three sources told Reuters, while the board's probe into whether previous CEO Bernard Looney breached the code of conduct in his undisclosed personal relationships with staff drags on.The oil company has been in turmoil since Looney's resignation in September, company sources told Reuters, and the share price has underperformed rival Shell since then amid investor uncertainty over bp's future strategy.bp's shares have dropped 9% since Looney's departure, while Shell's have gained 2% over the same period.

Subcontinent ship recycling pricing and sentiments remain stranded in the low 500s/LDT and for certain units even below, says cash buyer GMS.“We meander aimlessly towards the end of the year with very little serious and enticing levels to induce either owners or cash buyers to sell.”Available financing remains a big issue in both the Pakistan and Bangladesh markets, and there are only very tentative offers emanating as a result, on mostly smaller LDT vessels.“Container and dry bulk markets continue to provide the still fairly limited supply of vessels for recycling, and one sale from each sect

Digital network provider Marlink has completed the integration of internet services on Ponant’s Le Commandant Charcot to provide three LEO solutions for the ship’s polar itineraries.The installation is the first in the maritime sector to combine Marlink’s Sealink GEO VSAT, with Starlink, Eutelsat OneWeb and Iridium LEO services. The agreement with Ponant reflects Marlink’s ability to provide guaranteed throughput VSAT services with emerging high speed, low latency LEO services.The…