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Monday, March 18, 2024
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Supply News

18 Mar 2024

Bangladesh and Pakistan Ship Recycling Markets Remain Steady

Source: GMS

With the conclusion of week 11, the ongoing and seemingly endless dearth in the supply of viable candidates has been mercifully keeping the Bangladeshi and Pakistani ship recycling markets steady, reports cash buyer GMS.“On the other hand, the Turkish and Indian markets continue to endure their respective shares of a notably trying time, given that the Turkish Lira continues to plummet even amidst a mercifully quieter week (on account of Ramadan).”GMS says: “India continues to endure its share of nerve-racking volatility in local steel plate prices as well as the Indian Rupee…

18 Mar 2024

Port NOLA Bests Container-on-barge Record

(Photo: Port NOLA)

The Port of New Orleans (Port NOLA) said 2023 was a record year for container-on-barge shipping.During the last calendar year, Port NOLA marked 20,500 container moves by barge, the highest since launching the container-on-barge network—the nation's largest—in 2016 with the Port of Greater Baton Rouge and Ingram Marine Group. Container-on-barge moves containers by water rather than by truck on roads to reduce air emissions; moving an average of 30,000 twenty-foot equivalent units (TEU) per year between New Orleans, the Port of Greater Baton Rouge, Memphis and St. Louis.

18 Mar 2024

GE Vernova Notches Singapore Navy Win

GE Vernova’s Power Conversion business was awarded a contract by Singapore shipbuilder ST Engineering Marine Limited to supply its Ship’s Electric Grid with Integrated Full Electric Propulsion (IFEP) equipment for the Republic of Singapore Navy’s six-ship Multi-Role Combat Vessel (MRCV) program.The six MRCVs will be the first IFEP-powered vessels for the Republic of Singapore Navy (RSN) and will replace its fleet of mechanical drive Victory-class missile corvettes, which have been in service since 1989. Delivery of the electric propulsion systems for the new ships is planned over the next 10 years.GE Vernova’s Ship’s Electric Grid includes all generators…

17 Mar 2024

Mexico Could be Back Door for Chinese Imports into US

© EvrenKalinbacak / Adobe Stock

Growth in demand for container shipping imports from China into Mexico in January 2024 increased by 60% compared to 12 months ago, further fuelling suspicions it has become a back door into the US.According to analysts at Xeneta, 117,000 TEU was shipped in January of this year compared to 73,000 TEU in January 2023 (source: Container Trades Statistics).Annual growth in container shipping between China and Mexico had already increased by 34.8% in 2023 compared to just 3.5% in 2022.Peter Sand…

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…

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…

18 Mar 2024

New International Partnership Set to Speed Up Offshore Wind Installations in US

(Credit: Maersk Supply Service)

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…

15 Mar 2024

TotalEnergies Awards New Contracts to Siem PSV Pair in Brazil

Siem Atlans PSV (Credit: Siem Offshore)

Norwegian shipowner Siem Offshore has secured new contracts with TotalEnergies for two of its platform supply vessels (PSV) for work offshore Brazil.The contracts are for Siem Giant and Siem Atlas PSVs.The new duration for Siem Giant is three years firm with options up to four more years.For Siem Atlas, the new duration is nine months firm with options until the end of the second quarter in 2027.Both vessels will start the contracts in June 2024 in direct continuation of present contracts…

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…

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)…

12 Mar 2024

US Unions ask Biden Administration to Probe Chinese Shipbuilding

© Photocreo Bednarek / Adobe Stock

Five U.S. labor unions on Tuesday filed a petition with the office of U.S. Trade Representative Katherine Tai requesting a probe into China's alleged unfair policies and practices in the maritime logistics and shipbuilding sectors, the USTR office said.The petition was filed under Section 301 of the Trade Act of 1974, a statute aimed at combating trade partners' unfair practices.Trade practices are only one component of strains in U.S.-China relations in recent years. Other contentious issues include Taiwan…

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…

12 Mar 2024

DOF Bags Shell’s Decommissioning Contract for Knarr and Gaupe Fields

Skandi Hera AHTS vessel (Credit: DOF Group)

Norwegian offshore vessel operator DOF Group has secured a ‘substantial’ subsea engineering procurement removal and disposal (EPRD) contract from Norske Shell in the Atlantic region.The contract outlines 100 combined days of utilization of DOF’s vessels Skandi Hera and Maersk Installer.DOF will deliver an integrated solution of project management, engineering, design, analysis and survey.Described as ‘substantial’ by DOF, this means that the contract is valued between $23.8 million and $47.8 million (NOK 250 million to NOK 500 million).The scope includes recovery and recycling of umbilicals…

11 Mar 2024

Yard Starts World’s First Container Vessel Methanol Dual Fuel Retrofit

Source: Zhoushan Xinya Shipyard

Zhoushan Xinya Shipyard held a steel cutting ceremony on March 8, 2024 for the 14,000 TEU Maersk Halifax methanol dual fuel retrofit project, marking what will be the world's first container vessel methanol dual fuel retrofit.Representatives from Maersk project team, ABS, and headquarters leaders and employees of the company attended the ceremony.The vessel is scheduled to arrive in early July this year and will undergo conversion and repair for a period of about three months. To ensure the smooth implementation of the project, the yard has built a 500-ton gantry crane overhead the No.3 dock.

11 Mar 2024

Coast Guard Will Not Enforce New California Rule, Citing 'Safety Concerns'

© Jill Clardy / Adobe Stock

(The Center Square) - The U.S. Coast Guard says it “will not enforce” a new California Air Resources Board regulation, citing “safety concerns.”The Coast Guard and business organizations oppose CARB's requirement that commercial harbor craft install diesel particulate filters (DPF) linked to a number of fires. Seventeen states are suing the Environmental Protection Agency for giving an exemption to California alone to enact its own air standards that, by power of its market size…

10 Mar 2024

Norway Offers $193 Million Funding to Arctic Floating Wind Farm Project

© Marc Dyck / Adobe Stock

A floating offshore wind farm planned in Arctic waters on Friday received 2 billion Norwegian crowns ($193 million) in state funding, with Norway viewing the still costly technology as a key contributor for industry development and emission cuts.The GoliatVind project in the Barents Sea, consisting of five 15 megawatts turbines and seeking to supply power to the Arctic town of Hammerfest, beat out six other applicants in a tender by government agency Enova.Norway hopes that floating offshore wind will provide an industrial future for its offshore supply industry as well as a means of cutting e

10 Mar 2024

Gaza Aid Ship Waiting to Sail

Source: World Central Kitchen

A ship carrying tonnes of food for Gaza remained docked in a Cyprus port on Sunday as preparations were underway to launch a yet untested maritime aid route to the enclave, where the United Nations estimates a quarter of the population faces starvation.The Open Arms, a salvage vessel, plans to tow a barge with 200 tonnes of food, mostly funded by the UAE. The supplies were sourced by charity World Central Kitchen (WCK), which is working with Spanish non-governmental organisation Proactiva Open Arms.WCK said it has another 500 tonnes of supplies in Cyprus…

08 Mar 2024

Babcock Delivers Refitted HMS St. Albans to Royal Navy Ahead of Schedule

HMS St. Albans (Credit: Babcock International)

Defense company Babcock International has delivered Type 23 frigate HMS St. Albans back to the Royal Navy for sea trials three months ahead of the planned schedule, following a refit operation.Once the current sea trials are completed, HMS St. Albans, with her 178-strong crew, will return to sea as the most advanced, equipped, and capable Type 23 frigate in the Royal Navy’s fleet, boasting next-generation weapons systems and radar, according to Babcock.During her time in dock…

08 Mar 2024

Vard to Deliver Tailor-Made Offshore Wind CSOV for Norwind Offshore

VARD 4 19 CSOV vessel for Norwind Offshore (Credit: Vard)

Norwegian shipbuilder Vard has secured a contract for the design and construction of one tailor-made offshore wind commissioning service operation vessel (CSOV) for Norwind Offshore, with options for two additional vessels.Vard signed the contract with Navigare Capital Partners, a shareholder in Norwind Offshore.The new CSOV vessel, scheduled for delivery in the first quarter of 2026, is of VARD 4 19 design, developed by Vard Design in Ålesund in close collaboration with Norwind Offshore.The hull will be built in Vard Shipyards Romania – Braila and the outfitting…

08 Mar 2024

Siem Offshore Secures Contract Extension for Multi-Purpose Support Vessel

Siem Dorado MPSV (Credit: Siem Offshore)

Norwegian offshore vessel owner Siem Offshore has been awarded a contract extension for the multi-purpose support vessel (MPSV) Siem Dorado.According to Siem Offshore, the extension secures the utilization of Siem Dorado MPSV for a period reaching towards the end of the fourth quarter in 2024.The contract is expected to start in direct continuation of the current contract with continued operations expected outside the North Sea.The Siem Dorado is a 2009-built diesel electric-driven vessel.

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

Ship Evacuated After First Civilian Fatalities in Houthis' Red Sea Attacks

(Photo: U.S. Central Command)

India's navy evacuated all 20 crew from a stricken vessel in the Red Sea on Thursday, after a Houthi attack killed three seafarers in the first civilian fatalities from the Yemeni group's campaign against the key shipping route.The Iran-aligned militants fired a missile at the Barbados-flagged, Greek-operated True Confidence on Wednesday about 50 nautical miles off the southern Yemeni port of Aden, setting it ablaze.In a statement, the owners and manager said all 20 crew and three…

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