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Thursday, March 28, 2024
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25 Mar 2024

New Zealand Deploys Naval Ship to Solomon Islands

HMNZS Canterbury (Photo: New Zealand Defense Force)

New Zealand said on Monday it will dispatch defense personnel, helicopters and a naval ship to the Solomon Islands to assist in a national election due next month, where relations with China will be a key issue.The deployment is part of a NZ$10.8 million ($6.48 million) support program for the Solomon Islands Electoral Commission announced in January and that will help transport election officers and materials around Pacific Island nations.New Zealand's foreign ministry said the vessel HMNZS Canterbury will leave Auckland on Tuesday to transport two helicopters and crew…

20 Mar 2024

ABB to Supply Shore Connection System for DEME’s Fleet in Vlissingen Port

DEME’s Offshore Base in Vlissingen (Credit: DEME Group)

ABB has secured a contract to deliver shore connection installations that will enable DEME’s fleet to avoid emissions when berthed in the Port of Vlissingen in the Netherlands.ABB’s shore connection technology will support DEME’s long-term decarbonization strategy, providing the flexibility required to adapt to changing grid capabilities.Shore connection enables the diverse fleet of dredgers, offshore construction and support vessels to avoid carbon emissions by shutting off their…

19 Mar 2024

Ports Not Ready for Offloading of CO2 Captured Onboard

Source: Lloyd's Register

A study commissioned by the Global Centre for Maritime Decarbonisation (GCMD), in collaboration with Lloyd’s Register and ARUP, has identified low port readiness as a major hurdle bottlenecking the adoption of onboard carbon capture and storage (OCCS) systems as a practicable decarbonization solution.Whilst the technologies required for offloading onboard captured CO2 exist at high levels of maturity, safe operationalisation of captured CO2 transfer by trained personnel has not been demonstrated.The report…

19 Mar 2024

RWE Joins Forces with Spanish Port to Create Floating Wind Hub

© Tjeerd / Adobe Stock

Germany's top utility RWE has signed a Letter of Support with the Port Authority of A Coruña to facilitate the scaling-up of the port capacity in support of the Spanish government’s floating wind targets.Working together under a Letter of Support, the partners will investigate the potential for transforming infrastructure at the Port of Coruña, in northwest Spain, into a logistic hub for the marshalling, assembly and deployment of major components for commercial-scale floating…

18 Mar 2024

IMO to Open Regional Office in Fiji

Source: IMO

The IMO will open its seventh Regional Presence Office (RPO), in Suva, Fiji, after IMO Secretary-General, Arsenio Dominguez, and Fiji Minister for Transport, Ro Filipe Tuisawau, signed a Memorandum of Understanding on March 18.The Regional Presence Office will support the maritime needs and priorities of countries in the Pacific Islands region, aligning IMO actions with national and regional development policies, while providing advice on key maritime issues such as training, safety and security, legislation and marine environment.

17 Mar 2024

Ferry Destined for Scottish Islands Launched by Cemre

The MV Isle of Islay, the first of two vessels to serve the islands of Islay and Jura in Scotland, has been launched at Cemre Marin Endustri shipyard in Turkey.The vessel, which is one of four ferries being built at the yard, marks a significant milestone in Caledonian Maritime Assets Limited’s (CMAL) commitment to delivering new ferries to serve the Scottish islands.Scheduled for delivery in October 2024, the vessel will have capacity for up to 450 passengers and 100 cars, or 14 commercial vehicles.

17 Mar 2024

Explosion Reported Near Ship Off Yemen Coast

Map courtesy JMIC

The captain of a merchant ship east of Yemen's Aden has reported an explosion near the ship, the United Kingdom Maritime Trade Operations (UKMTO) agency said early on Sunday."No damage to the vessel has been reported and the crew are reported safe. The vessel is proceeding to its next port of call," UKMTO said in an advisory note.The ship was 85 nautical miles (157 km, 98 miles) east of Aden, in an area where Houthi militant groups often target ships they say are linked to Israel or the United States.Months of Red Sea attacks by Yemen's Houthi militants have disrupted global shipping…

14 Mar 2024

Missiles Fly Over Ship near Yemen's al Hudaydah

© lesniewski / Adobe Stock

The United Kingdom Maritime Trade Operations (UKMTO) organisation said early on Friday that it had received a report that missiles passed near a ship 50 nautical miles (93 km) southwest of al Hudaydah, Yemen."The Master reported two missiles flying over the vessel and heard two loud blasts in the distance," the UKMTO said in an advisory note, referring to the person in command of the ship.It added that the vessel reported no damage and that the crew are reported safe."The vessel is proceeding to its next port of call.

14 Mar 2024

Houthis Vow to Attack More Shipping Lanes

© Peter Hermes Furian / Adobe Stock

The leader of Yemen's Houthis, Abdul Malik al-Houthi, said on Thursday the group's operations targeting vessels will escalate to prevent Israel-linked ships from passing through the Indian Ocean towards the Cape of Good Hope."Our main battle is to prevent ships linked to the Israeli enemy from passing through not only the Arabian Sea, the Red Sea and the Gulf of Aden, but also the Indian Ocean towards the Cape of Good Hope. This is a major step and we have begun to implement our operations related to it…

08 Mar 2024

EH Group's 250kW Marine Fuel Cell System Earns AIP from DNV

(Image: EH Group)

EH Group said its EH Fuel Cell System TRACE-M250, designed for high power and maritime applications, has been awarded approval in principle (AIP) following an assessment by classification society DNV to confirm that the fuel cell design meets all the applicable maritime rules, regulations, codes and standards.Based on EH Group’s stack technology, the 250kW EH TRACE-M250 module is designed to improve efficiency and safety, in a more compact and lightweight module, the Switzerland-based manufacturer said…

06 Mar 2024

Russia Oil Fleet Shifts Away from Liberia, Marshall Island Flags Amid US Sanctions Crackdown

© evannovostro / Adobe Stock

Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks after the United States ramped up sanctions enforcement on ships linked to those registries, according to shipping data and interviews with industry and government officials.The shift reflects the close relationship between the U.S. and the flag administration companies of Liberia and the Marshall Islands, which are headquartered not in their home countries, but in Virginia, just miles from Washington D.C. and within the jurisdiction of U.S.

05 Mar 2024

Vuyk Engineering Rotterdam: Three Years of Independence

Source: Vuyk Engineering

Three years ago in March, Vuyk Engineering Rotterdam gained full independence, and since then, the company has taken strategic steps to chart its own course and strengthen its independent position within the maritime sector.After the closure of the Vuyk shipyard in Capelle aan den IJssel in 1979, marking the end of all shipbuilding activities, former employees established a new company: Vuyk Engineering and Trading. Founded on the principles of technical know-how combined with experience in cost calculation…

05 Mar 2024

Egypt's Non-oil Business Sector Hurt by Suez Canal Disruption

© loicbocquet/ Adobe Stock

A downturn in Egypt's private sector activity deepened in February as a drop in Suez Canal freight due to attacks on shipping in the Red Sea worsened a long-running foreign currency shortage, a survey showed on Tuesday.The S&P Global Purchasing Managers' Index (PMI) for Egypt slipped to 47.1 in February from 48.1 in January, remaining below the 50.0 threshold that separates growth from contraction for a 39th consecutive month.The overall index reading was the lowest for 11 months…

05 Mar 2024

Yemen's Houthis Hit Container Vessel in Gulf of Aden with Missile

© Kalyakan / Adobe Stock

One of two anti-ship ballistic missiles fired by Yemen's Houthis at the container vessel M/V MSC SKY II in the Gulf of Aden hit the ship and caused "damage", the U.S. Central Command (CENTCOM) said on Tuesday.Initial reports indicated no injuries and the Liberian-flagged, Swiss-owned container vessel did not request assistance and continued on its way, CENTCOM said in a statement.A military spokesperson for the Iran-aligned Houthis said on Monday that they targeted the vessel with "a number of suitable naval missiles".

04 Mar 2024

Ships Entering Yemeni Waters Must Obtain Permit, Houthi Minister Says

© Celt Studio / Adobe Stock

Ships will have to obtain a permit from Yemen's Houthi-controlled Maritime Affairs Authority before entering Yemeni waters, Houthi Telecommunications Minister Misfer Al-Numair said on Monday.Houthi militants have repeatedly launched drones and missiles against international commercial shipping in the Gulf of Aden since mid-November, saying they are acting in solidarity with Palestinians against Israel's offensive in Gaza.The near-daily attacks have forced firms into long and costly diversions around southern Africa…

04 Mar 2024

Houthi Attacks Having Limited Impact on Israeli Trade, Prices - Ministry

Attacks by Yemen's Iran-backed Houthis on cargo ships in the Red Seas are having limited effect on trade to Israel and have not led to any significant inflationary pressures, Israel's Finance Ministry said in a report on Monday.Houthi militants have repeatedly launched drones and missiles against international commercial shipping in the Gulf of Aden since mid-November, saying they are acting in solidarity with Palestinians against Israel's military actions in Gaza.Their Red Sea attacks have disrupted global shipping…

04 Mar 2024

MOL Wraps Up Fairfield Chemical Carriers Acquisition

MOL Chemical Tankers-operated chemical tanker Ensemble (Credit: MOL)

Mitsui O.S.K. Lines (MOL) has, through its subsidiary MOL Chemical Tankers, completed the acquisition of Fairfield Chemical Carriers, creating one of the world’s largest multi-segregated chemical tanker fleets.The acquisition, valued at $400 million, is based on a share transfer agreement signed at the end of September 2023, which has been approved by the relevant authorities under competition law.The transaction is in line with MOL’s plan to proactively invest in chemical tanker business…

04 Mar 2024

Houthis Say They Will Continue Sinking British Ships

On Feb. 18 between 9:30 p.m. and 10:40 p.m., Iran-backed Houthi terrorists attacked the M/V Rubymar, a Belize-flagged, UK-owned bulk carrier. Source: US CENTCOM

Yemen's Iran-backed Houthis vowed on Sunday to continue targeting British ships in the Gulf of Aden following the sinking of UK-owned vessel Rubymar.The U.S. military confirmed on Saturday that the UK-owned vessel Rubymar had sunk after being struck by an anti-ship ballistic missile fired by Yemeni Houthi militants on Feb. 18."Yemen will continue to sink more British ships, and any repercussions or other damages will be added to Britain's bill," Hussein al-Ezzi, deputy foreign minister in the Houthi-led government…

02 Mar 2024

Bulk Carrier Rubymar Sinks After Being Struck by Houthis it the Red Sea

On March 2 at approximately 2:15 a.m. (Sanaa time), Rubymar, a Belize-flagged, UK-owned bulk carrier, sank in the Red Sea after being struck by an Iranian-backed Houthi anti-ship ballistic missile on Feb. 18. The ship had been slowly taking on water since the attack. (Photo: U.S. Central Command)

The UK-owned Rubymar, attacked by Houthi militants last month, has sunk in the Red Sea, Yemen's internationally recognized government said on Saturday, warning of an "environmental catastrophe" from the ship's cargo of fertilizer.The vessel is the first lost since the Houthis began targeting commercial shipping in November, forcing shipping firms to divert vessels on to the longer, more expensive route around southern Africa.The Iranian-backed Houthis, who control the north of Yemen and other large centers…

01 Mar 2024

Havila Voyages Announces Leadership Appointments

(Photo: Havila Voyages)

Norway's Havila Voyages announced it has appointed Mette Øyen as its new chief marketing officer and Aleksander Røynesdal has started in the role of new chief financial officer.Røynesdal was hired in December but officially entered his new role March 1. He comes from the position of COO at Norgas Carriers and has extensive experience in the finance and capital markets within the shipping and maritime transport industry.Øyen is scheduled to start in her new role on September 1, 2024.

29 Feb 2024

Houthis Say They Will Introduce Military 'Surprises' in Red Sea

© Vladimir Bartel / Adobe Stock

Yemen's Houthis will introduce military "surprises" in their Red Sea operations, the Iran-aligned group's leader Abdul Malik al-Houthi said in a televised speech on Thursday."Our military operations will continue and advance and we have surprises that our enemies will not expect at all," al-Houthi said.Houthi militants have repeatedly launched drones and missiles against international commercial shipping since mid-November, saying they are acting in solidarity with Palestinians against Israel's military actions in Gaza.Their Red Sea attacks have disrupted global shipping and forced firms to re

26 Feb 2024

Great Eastern Buys MR Tanker

© Prapat / Adobe Stock

The Great Eastern Shipping Company Limited announced it has contracted to buy a medium range (MR) product tanker of about 49,999 dwt on February 14, 2024. The 2010-built vessel is expected to join the company’s fleet by Q1 FY25.The proposed ship will be financed entirely from internal accruals, the Mumbai-based company said, noting that the purchase is part of a wider effort to modernize and expand its fleet.Excluding the newly acquired vessel, the company’s current fleet stands at 42 vessels…

23 Feb 2024

The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond

Copyright Peter Hermes Furian/AdobeStock

2023 was the first year of real recovery for owners in the offshore supply market and yet we have barely skimmed the surface of what’s to come.The market is still on an upward trajectory with charter rates accelerating month-by-month, availability changing day-by-day, leading to earnings doubling and, in some segments, tripling since the lows of 2020. Current rates will remind many of the glory days of pre-2014 with the demand for OSVs projected to remain elevated for years to come.In general…