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Thursday, April 25, 2024
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25 Apr 2024

Avenir LNG Orders Two LNG Bunker and Supply Vessels from Chinese Shipyard

© vladsv / Adobe Stock

UK-based small-scale liquefied natural gas (LNG) supplier Avenir LNG has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering in China, a subsidiary of CIMC Enric, for two new LNG bunker and supply vessels.The two 20,000 cbm LNG bunker and supply vessels are scheduled to be delivered in the fourth quarter of 2026 and the first quarter of 2027.The newbuildings will feature new Type C tank designs, lower boil off rates, the latest engine technologies…

23 Apr 2024

Muddy Water Dredging Christens Marlin Class Dredge

Photo by DSC Dredge

On April 19th, 2024, Muddy Water Dredging, LP, held the christening ceremony of its Marlin Class dredge at the Port of New Orleans. The event was attended by many esteemed business leaders, media personnel, and distinguished dignitaries. "We are happy to unveil the Vaneta Marie dredge. After many hours of collaboration between Muddy Water and DSC what we have before us is a dredge that was crafted with precision and ingenuity," said Michael Kerns, President, and CEO of Muddy Water.

23 Apr 2024

One-on-One: Rob Langford, VP, Global Offshore Wind, ABS

“We are engaged with multiple US OSW wind developments and seeing an up-tick for CVA, technology review and risk reduction services in early development phases. With new lease rounds coming and new opportunities, we do not see a big slowdown for OSW developments apart from the obvious project delays and re-bids.”
Rob Langford, VP, Global Offshore Wind, ABS

As the U.S. offshore wind industry endures a predictable number of stops and starts during its adolescence, common mantras are ‘learn from the established European model’ and ‘embrace technology transfer from the offshore oil and gas sector.’ In Robert Langford, the American Bureau of Shipping has all of that and more bundled in one neat package.Rob Langford has worked in the offshore industry for more than three decades, ‘cutting his teeth’ in a UK design firm working in the North Sea oil and gas platforms, the holy grail of rigorous conditions in offshore energy production.

22 Apr 2024

Belships Expands Its Newbuild Program

© Leonid / Adobe Stock

Belships announced has expanded its newbuild program with two new 64,000 dwt Ultramax bulk carriers scheduled for delivery in 2028.The Norwegian-based company now has a total of 10 newbuilds under construction at Japanese shipyards with delivery between 2024 and 2028. All vessels are leased on time charter for a period of 7 to 10 years from delivery, with purchase options around current market levels. There is no obligation to purchase any of the vessels. Cash breakeven for the vessels upon delivery is about $14…

22 Apr 2024

BHP Aims to Receive First Ammonia-fueled Bulk Carrier in 2026

© yaniv / Adobe Stock

Australia's BHP Group is planning to receive its first ammonia-fueled bulk carrier in 2026 as part of the company's plans to cut shipping emissions, a senior executive said.The global mining giant has shortlisted eight companies for the building, operation and fuel supply for at least one such vessel, Rashpal Singh Bhatti, vice president of maritime and supply chain excellence at BHP told Reuters late last week.However, it has not yet decided on the total number of vessels that it will order and is also assessing costs…

19 Apr 2024

Imoto Lines and Marindows to Build Next-Gen Zero-Emission Containership

Concept for Imoto Lines' and Marindows' zero-emission contrainership (Credit:  Imoto Lines)

Imoto Lines and Marindows have outlined plans to build the next generation zero-emission domestic container ship capable of hybrid operation using Japan's first exchangeable container batteries, alongside onboard batteries and generators.The joint project between the companies aims to address three major challenges of the maritime industry - decarbonization, crew shortage, and safe navigation.The three-year project is supported by the Ministry of the Environment, Government of…

18 Apr 2024

Marine News' 2024 US Shipbuilding Report

ECO Edison, the first U.S.-built wind farm service operations vessel (Photo: Ørsted)

If nothing else, building vessels in the U.S. is a complicated business.In a session on the domestic shipbuilding marketplace, at Marine Money’s late-November 2023 conference held in New Orleans, Ben Bordelon, president and CEO of Bollinger Shipyards (with more than a dozen facilities, in Mississippi and Louisiana), described his company’s architecture as a “three-legged stool approach: commercial newbuilds, government newbuilds and repair/conversion capabilities”.On the same panel…

17 Apr 2024

Hapag-Lloyd and Seaspan to Retrofit Five Vessels to Methanol Propulsion

© Jan Mastrovic / Adobe Stock

Hapag-Lloyd and Seaspan Corporation announced plans to retrofit and convert five 10,100 TEU containerships powered by conventional MAN S90 engines to dual-fuel engines capable of operating on methanol. Following the engine retrofit, the vessels will continue to be on long-term charter from Seaspan to Hapag-Lloyd.The vessels scheduled for retrofits are the Seaspan Amazon, Seaspan Ganges, Seaspan Thames, Seaspan Yangtze and Seaspan Zambezi. The retrofit is expected to take approximately 80-90 days per vessel starting in the first quarter of 2026.

16 Apr 2024

SMM 2024 Exhibition Halls Already Nearly Fully Booked

© Hamburg Messe und Congress / Michael Zapf

The SMM 2024 trade show will run from September 3-6 this year, and organizers are expecting more visitors and exhibitors than last time; the exhibition halls are nearly fully booked.“We are expecting more than 2,000 international exhibitors from 70 nations,” says Claus Ulrich Selbach, Business Unit Director Maritime and Technology Fairs & Exhibitions at Hamburg Messe und Congress. “We are overwhelmed by the response. We are actually setting-up an additional hall to accommodate all requests.

17 Apr 2024

Maritime Risk Symposium 2024 – Great Power Competition and Gray Zone Engagement

Copyright Grispb/AdobeStock

For 15 years the Maritime Risk Symposium (MRS), an annual three-day event, has brought together government and maritime industry leaders, port representatives, international and domestic researchers and solution providers to examine current and emerging threats to maritime security. World events highlight that maritime security is increasingly at risk during the current period of great-power competition and ongoing conflicts. The active competition between nations who are not…

16 Apr 2024

All American Marine to Build Research Vessel for Cal Poly Humboldt

(Image: All American Marine)

Bellingham, Wash. shipbuilder All American Marine (AAM) announced it has been awarded a contract to build a new research vessel for the marine sciences program at  the California Polytechnical Institute at Humboldt (Cal Poly).The vessel is a 78’ x 26.7’ semi-displacement aluminum catamaran that was developed by Nic de Waal of Teknicraft Design in Auckland, New Zealand. The vessel will be inspected to U.S. Coast Guard (USCG) Subchapter T standards and will operate as a multipurpose research vessel in the Near Coastal Waters of Northern California and Oregon, as well as Offshore on Ocean Routes.

15 Apr 2024

IMO's Facilitation Committee Revised MASS Roadmap

Source: IMO

The IMO's Facilitation Committee held its 48th session (FAL 48) from April 8 to 12, in person at IMO Headquarters in London.The Facilitation Committee (FAL) meets annually to deal with matters related to the facilitation of international maritime traffic, including the arrival, stay and departure of ships, persons and cargo from ports. The Committee also addresses electronic business and aims to ensure that the right balance is struck between regulation and the facilitation of international maritime trade.

15 Apr 2024

Optimizing Blast and Paint Processes in New Construction Shipbuilding

(Photo: BlastOne International)

The efficacy of surface preparation and coating application in the new construction shipbuilding industry is fundamentally anchored in a well-coordinated, integrated approach. This intricate process, essential for achieving top-tier corrosion control, is methodically segmented into five crucial stages:Raw material entryPainting the modulesSmall partsPainting of erection joints at the module levelFinal paint and ship's completion. Each stage is crucial in its own right but achieves…

15 Apr 2024

Russia's Seaborne Oil Product Exports Fell in March

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Russia's seaborne oil product exports fell 4.2% in March from the previous month to 10.178 million metric tons due to unplanned maintenance at refineries and a uel export ban, data from industry sources and Reuters calculations showed.Russia's daily offline primary oil refining capacity has jumped by around a third in March to 4.079 million metric tons from February due to drone attacks, Reuters calculations based on data from industry sources showed.Last month, a fire broke out after a Ukrainian drone attack at the Norsi refinery…

14 Apr 2024

EU Tanker Import Tonne Mile Demand up 12%

Source: BIMCO

In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on ships in the Red Sea area have caused average sailing distances to increase a further 16% and tonne mile demand to increase 12% despite falling volumes, says Niels Rasmussen, Chief Shipping Analyst at BIMCO.During the first quarter of 2024, tanker import volumes to the EU fell 4% year-on-year due to a 1% increase in the clean tanker trade but a 5% fall in the dirty tanker trade.

14 Apr 2024

Esgian Week 15 Report: South America Remains Vital

© Kalyakan / Adobe Stock

Esgian reports on new contracts for Borr Drilling and Shelf Drilling (North Sea) jackups in its Week 15 Rig Analytics Market Roundup. Additionally, Energean has selected a drillship for its upcoming drilling campaign offshore Morocco. South America remains vital to the floating rig market, with ExxonMobil moving ahead on a sixth development on the prolific Stabroek block offshore Guyana and Petrobras reporting a new discovery in Brazil's Potiguar Basin.Report Outline:ContractsBorr Drilling has announced new contract commitments for three of its premium jackup rigs…

14 Apr 2024

Denmark Bans Discharge of Scrubber Water

© Alexander / Adobe Stock

The discharge of scrubber water from ships out to 22km (12 nautical miles) from the Danish coasts will be prohibited by law. The ban will come into effect on July 1, 2025, for ships with scrubbers in open operation, where the wash water is discharged into the sea. For ships with scrubbers in closed operation, the ban on water discharge will take effect on July 1, 2029.The Ministry of Environment has stated that scrubber water has contributed to excessive levels of a number of heavy metals and tar substances such as lead, cadmium, anthracene and benz(a)pyrene in the marine environment.

14 Apr 2024

Singapore Alliance Building Electric Tug and Supply Boat

Source: CSA

The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has announced the start of construction of its first fully electric PXO-series tug (e-tug) and supply boat (e-supply boat) by PaxOcean Group.The zero-emissions vessels are among the first and largest local electric harbour craft designed for operation in Singapore’s coastal waters. They are targeted for deployment in 2025, ahead of the nation’s goal for all new coastal…

10 Apr 2024

Iran Says It Can Close Strait of Hormuz

© Lotharingia / Adobe Stock

The commander of Iran's Revolutionary Guard's navy said on Tuesday Israel's presence in the United Arab Emirates was viewed as a threat by Tehran and it could close the Strait of Hormuz if deemed necessary.Iran has threatened to retaliate for suspected Israeli airstrikes on its consulate in Syria's capital on April 1 that killed seven Revolutionary Guards officers including two senior commanders - stoking tensions between the arch enemies already heightened by the Israel-Hamas war in Gaza."We do not get hit without striking back…

10 Apr 2024

Red Sea Crisis Forces Operators to Use More Containerships, Adding to Emission Concerns

© eyewave / Adobe Stock

The shipping industry's pledge to limit its carbon footprint may suffer a setback as the current Red Sea crisis prompts it to use more vessels and take longer routes to ensure the smooth sailing of global maritime trade.Iranian-backed Houthi militants' attacks on vessels passing through the southern Red Sea have choked trade through the Suez Canal, driving many container shipping companies to add 10-14 days to the voyages between Asia and Europe and add more vessels.The disruption…

12 Apr 2024

Time Charter for Flex Endeavour Extended to 2032

Flex Endeavour (Photo: Flex LNG)

Flex LNG on Friday announce that the charterer of its liquefied natural gas (LNG) carrier Flex Endeavour has exercised an option to extend the firm period of the time charter by 500 days, from the third quarter 2030 to the first quarter of 2032. As announced on November 23, 2022, in connection with the extension of three ships, the charterer has one further option to extend the time charter period by one additional year to 2033.Øystein Kalleklev, CEO of Flex LNG Management AS…

12 Apr 2024

Cruise Industry Reports Record Passenger Volumes

© Mariakray / Adobe Stock

The global cruise industry reported record passenger volumes in 2023 as the sector continues its rebound following the lows of the COVID-19 pandemic.Cruise ships carried 31.7 million passengers in 2023, up 7% from previous highs recorded in 2019, according to latest figures published by the trade group Cruise Lines International Association (CLIA).Most increases were in the United States—which remains, by far, the world's largest cruise market—with an incremental increase of 2.7 million passengers…

10 Apr 2024

HMD's Ammonia-powered LPG Carrier Designs Earn DNV Approval

From left: Sung Hyuck Im (HMD), Kwang Seok Oh (HMD), Sung Ho Shin (DNV), Dong Jin Lee (HMD), Chul Young Kang (DNV), Choon Gyu Lim (HMD) (Photo: DNV)

DNV has awarded HD Hyundai Mipo Dockyard an approval in principle (AIP) for the design of ammonia dual fuel 45,000 m3 liquefied petroleum gas (LPG) carriers.The presentation took place at the HD Hyundai Global R&D Center (GRC) in Seongnam, Korea. HD Hyundai Mipo (HMD), who have developed the basic ship design, provided detailed engine specifications and operational data from global engine maker, WinGD, and reviewed the safety and suitability of the design with DNV. The designs are based around a new 10…