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Canadian Coast Guard Opts for Thordon Bearings
CCGS Terry Fox, one the largest icebreakers in the Canadian Coast Guard (CCG) fleet, has returned to service with new Thordon propeller shaft bearings after concluding that fitting laminate phenolic bearings would extend drydock time and costs.The 88-meter-long vessel, built in the 1980s, had been operating Thordonâs water lubricated elastomeric polymer bearings on both shafts for 24 years. Then inâŠ
Chinaâs One-sided Recovery Drives Iron Ore Market Back Up -BIMCO
In the first two months of 2021, Brazilian iron ore exports have risen by 9.1% to 53 million tonnes, driven by China. So far this year, 35.2 million tonnes of iron ore has been exported to China, representing a 15.2% increase from the same period last year and standing in contrast to slightly declining exports to all other countries: down 1.2% to 17.8 million tonnes, continuing the trend from 2020.Despite the strong growth rates in the first months of this yearâŠ
VIDEO: North Star to Deliver SOV Trio for Dogger Bank Wind Farm in $375M Deal
Aberdeen-based offshore vessel owner North Star Renewables has won contracts worth around £270 million (~$375 million), to deliver three service operation vessels (SOVs) to be used on what will be the worldâs largest offshore wind farm, the 3.6GW Dogger Bank Wind Farm in the UK North Sea.North Star said its contract award followed a highly-competitive tender process, in which it had beat off strongâŠ
Widow of Bangladesh Shipbreaker Pursues Test Case on Worker Safety
A Bangladeshi woman whose husband died dismantling an oil tanker in a local shipyard was given the green light this week to keep pursuing a claim for compensation from a UK company linked to the vessel in a test case for the shipbreaking industry.Britainâs Court of Appeal threw out a request by London-based shipbroker Maran (UK) Ltd for the negligence case to be dismissed, the second appeal the company has lost.Hamida Begumâs husbandâŠ
Youâre Going to Need a Bigger Fleet
The U.S. is going to need a fleet of Jones Act-compliant vessels to support its budding offshore wind industry. The good news is that several of these vessels are currently operating or on order. Even better, there are plenty more in the pipeline.In 2016, Rhode Island-based Atlantic Wind Transfers (AWT) put into service the U.S.â first-ever vessel purpose-built for offshore wind services. The 21-meterâŠ
Greenbrier Launches Crowley's New Alaska Fuel Barge
The Greenbrier Companies, Inc. announced today the launch of Qamun, a 55,000-barrel shallow draft double hull petroleum tank barge built by Greenbrier Marine, a wholly-owned subsidiary of Greenbrier. Crowley Engineering Services provided on-site construction management using an Alaska-specific design by Jensen Maritime, its recently integrated naval architecture and marine engineering firm.The 350-foot bargeâŠ
DNV Supports Hapag-Lloydâs Green Financing
Hapag-Lloyd's efforts to obtain financing for six of its highly efficient containership newbuilds according to the Green Loan Principles of the Loan Market Association (LMA) are being supported by classification society DNV.The German shipping company announced in February it concluded two debut transactions according to the Green Loan Principles of the Loan Market Association (LMA), and DNV said WednesdayâŠ
Baltic Index Snaps Losing Streak
The Baltic Exchange's main sea freight index gained on Tuesday, snapping a four-session run of losses, helped by stronger rates in the capesize and panamax vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was up 22 points, or 1.3%, to 1,673.The capesize index, rose 57 points, or 4%, to 1,465, breaking a losing streak of eight sessions.Average daily earnings for capesizes, which typically transport 150,000-tonne car
Tanker Shipping Facing a Tough Year Ahead, Says BIMCO
After a turbulent year, low demand looks set to plague the market in the coming months combined with too many ships fighting for too few cargoes in both the crude oil and oil product segments, says the oil tanker shipping overview and outlook released today by BIMCO.Demand drivers and freight ratesThe realities of the pandemic are setting in for the tanker market. The record-breaking Q2 2020 is a distant memory andâŠ
Inside Cruise Shipping's Fight for Survival
In early 2021, the somber news from the cruise sector continued. For some cruise brands, their own version of âlockdownsâ will have spanned an entire year. By late January, 2021, Carnival and others were hesitantly pegging their restarts for April/May 2021, and for some markets, late summer, under a Conditional Sail Order promulgated late last year by the Centers for Disease Control and Prevention (CDC).What else to do but look ahead?In preliminary earnings guidanceâŠ
DNV GL Advises âMind the (Safety) Gapâ as Maritime Transforms
A new approach to safety is necessary along the maritime industry's rapid transition to a decarbonized, digitally smart future, says classification society DNV GL in a new white paper released this week, and as discussed on Maritime Reporter TV with Knut Ørbeck-Nilssen, CEO of DNV GL - Maritime and Fenna van de Merwe, Principal Consultant at DNV GL, the reportâs author.The white paper entitled âClosing the Safety Gap in an Era of TransformationââŠ
Autonomy: Inside the Building of Ocean Infinityâs Armada Fleet
Back in 2017, Ocean Infinity made a novel move; deploying six autonomous underwater vehicles (AUVs), instead of just one, from a single vessel, vastly increasing the ground that could be covered in a single survey. Now the firm is taking the use of remote, robotic systems a significant step further.Back in 2017, Ocean Infinity made a novel move; deploying six autonomous underwater vehicles (AUVs), instead of just oneâŠ
Hapag-Lloyd Secures 'Green Financing' for LNG-powered Newbuilds
German shipping company Hapag-Lloyd has joined the shift to green financing, securing funds for six liquefied natural gas (LNG) powered, 23,500 TEU containerships it ordered in December 2020.The firm said it concluded two transactions according to the Green Loan Principles of the Loan Market Association (LMA), as verified by independent secondary party DNV GL, as the shipping industry increasinglyâŠ
Valaris Drillship Goes Adrift off Scotland
A Valaris drillship went adrift on Tuesday evening, breaking free from moorings near the port at Hunterston, North Ayrshire, Scotland.According to BBC, which wasâŠ
Corvus' Orca ESS for Asahi's All-Electric Tanker
Japan's Kawasaki Heavy Industries has ordered a Corvus Energy battery-based energy storage system (ESS) to integrate it into the zero-emissions all-electric propulsion and electrical systems aboard the âe5 tankerâ under construction for Asahi Tanker.The battery-powered vessel was designed by e5 Lab Inc., a consortium of leading Japanese shipping and maritime services companies, including Asahi Tanker Co., Ltd., set up to build infrastructure services focused on electrically powered vessels.
Over 300 Companies Sign 'Neptune Declaration' to Ease Crew Change Crisis
Over 300 leading companies said on Tuesday they would work together to help hundreds of thousands of merchant sailors stuck on ships for many months due to COVID-19 in a crisis that risks creating more dangers at sea.About 90% of world trade is transported by sea, and coronavirus restrictions in many jurisdictions are affecting supply chains.In December the U.N. General Assembly urged all countries to designate seafarers and other maritime personnel as key workers.
NASSCO Launches First New Oiler for the US Navy
U.S. shipbuilder General Dynamics NASSCO launched the future USNS John Lewis (T-AO 205), the first of six vessels in the John Lewis-class fleet oiler program designed to support the U.S. Navy.Construction of the future USNS John Lewis (T-AO 205) began in the fall of 2018. The 742- foot long vessel is designed to transfer fuel to U.S. Navy carrier strike group ships operating at sea, the oilers will feature the capacity to carry 157âŠ
BIMCO: China Cements Top Position in the Bulk Market
The turbulence of the past year has in many ways clouded the underlying fundamentals in the dry bulk shipping market, but with 2020 now behind us, we are in a better position to establish an overview of expectations for 2021. Overall, total tonnes transported by the dry bulk shipping industry fell by 1.3% to 5.49 billion tonnes, from 5.56b in 2019, which is however still higher than the 5.46b tonnes shipped in 2018.
China Energy Terminals on Alert as Sea Ice Slows Ships
Chinese ports and marine safety authorities are on high alert as an expansion of sea ice makes it tougher for ships to berth and discharge at key energy product import terminals along the coast of nor
First Building Complete at HII's New Unmanned Systems Campus
Huntington Ingalls Industries (HII) said Monday it has completed the first phase of its Unmanned Systems Center of Excellence with the construction of a 22,000-square-foot facility.The first of two planned buildings on the 20-acre campus in Hampton, Va. will be used to assemble hull structures for Boeingâs Orca Extra Large Unmanned Undersea Vehicle (XLUUV) program for the U.S. Navy.âWe are thrilled to reach this critical milestone with the development of our Center of Excellence campusâŠ