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MOL's Propeller Boss Cap Fins earns Guinness World Record Title
Mitsui O.S.K. Lines, Ltd. announced that its Propeller Boss Cap Fins (PBCF), sold by its group company MOL Techno-Trade, Ltd. was certified as the “Best-selling Energy-Saving Ship Appendage Brand (Cumulative)”, by Guinness World Records, and received the official certificate on December 23, 2021.This award is based on the cumulative 3,748 PBCFs sold (the sales record with 3,516 vessels including twin-screw vessels equipped with PBCF) as of the end of December 2020.PBCF was co-developed by MOL…
UAF’s GINA Provides a Guiding Hand in Arctic Ocean Research
The research vessel Sikuliaq navigated among and around the chunks and slabs of Arctic sea ice above Alaska for several weeks on two voyages this fall, breaking through frozen slabs when it had to, just as its sturdy hull is designed to do. It's now on a third trip.The Sikuliaq, a 261-ft. ice-capable research vessel operated by UAF, pauses in the Arctic Ocean in June 2021 during its fifth year of operation.
Maersk to Buy LF Logistics for $3.6B
Container shipping giant Maersk on Wednesday agreed to buy Hong Kong-based LF Logistics for $3.6 billion in an all-cash deal, as it seeks to expand beyond its core ocean freight business.The deal is one of the group's largest takeovers to date and follows a series of acquisitions including e-commerce firms, a freight forwarder specializing in air freight and its smaller rival Hamburg Sud."The acquisition will further strengthen Maersk's capabilities as an integrated container logistics company…
Danish Fuel Supplier, CEO Convicted Over Jet Fuel Exports to Syria
Fuel supplier Bunker Holding, its chief executive and its subsidiary were convicted by a Danish local court on Tuesday for breaching European Union sanctions by selling jet fuel to war-torn Syria, court documents showed.Bunker Holding, a fuel trader that is also one of the world's largest shipping fuel suppliers, had together with its CEO and subsidiary Dan-Bunkering been charged with breaking sanctions imposed by the European Union in 2011, at the onset of the Syrian civil war.A total of 172,00
Vestdavit Reports Record Sales
Norwegian davit supplier Vestdavit reports it has achieved record sales this year as it focuses on continuous product innovation to boost orders in both core and new markets.The company is on course for group-wide sales of more than Nkr200 million ($22 million) in 2021, a 20% increase on last year, to ensure a solid profit for the year and its fabrication facility in Poland is currently working at full capacity…
Two New Tugs Enter Service at Port of Acajutla
A pair of new new tugs at the Port of Acajutla will provide services for the first project to import liquefied natural gas (LNG) to El Salvador, a joint initiative from Energía del Pacífico (EDP) and the U.S. group Invenergy.The SAAM Towage vessels SAAM Acaxual and SAAM Centzunat were christened as part of the festivities to celebrate the arrival of the first floating storage and regassification unit (FSRU), the BW Tatiana, at the city’s port.
New Pilot Boat Delivered to Port of Waterford
The Port of Waterford Company on the south coast of Ireland has taken delivery of a new pilot boat received by the crew at the Dunmore East pontoon.The new vessel built by Safehaven Marine is a 15-meter interceptor which has been christened Port Láirge, a name of well known maritime heritage in Waterford. The previous namesake was a much-loved steam-powered dredger that served on the Suir for over 70 years until the 1980s.Port of Waterford currently operates two pilot boats…
Great Lakes Towing Expands Services to Sturgeon Bay
The Great Lakes Towing Company said it is expanding its harbor towing and ice breaking services to Sturgeon Bay, Wis.The Towing Company has undertaken a fleet renewal program that began with the laying of 10 keels in August 2016. Since that time, the company has added five new Damen Stan 1907 ICE design tugs to its fleet, with the sixth new tug being delivered next month, and the seventh in Spring 2022.There will now be two Towing Company tugs stationed in Sturgeon Bay full-time…
Maersk Issues First Green Bond to Fund Methanol Vessels
Shipping giant Maersk said it has launched its Green Finance Framework designed to allow the company to issue a variety of sustainable financing instruments which may include bonds, loans, project finance and other instruments.“Issuing Green Financing Instruments is a further step to integrating sustainability into our financing operations as it is an effective tool for channeling investments to projects…
VIDEO: Niestern Sander Launches Walk-to-work Icebreaker
Dutch shipbuilder Royal Niestern Sander last weekend launched "yard number 862", a shallow draft ice-breaking walk to work vessel, being built for a joint venture between the Russian companies Mercury Sakhalin and Pola."The world’s first ice-breaking walk-to-work vessel is one step closer to delivery and operations in harsh weather conditions in Sakhalin. To be continued!," the shipbuilder said in…
Light Structures tapped for ice load monitoring on 10 new Arctic-bound LNG Carriers
Samsung Heavy Industries SHI selected Light Structures AS, a supplier of fiber optic condition monitoring systems for maritime applications, to deliver comprehensive ice load monitoring systems for 10 Arctic Liquid Natural Gas Carriers (ALNGC) operated by Russia´s largest shipping company, Sovcomflot.Click here for feature on Light Structures' as published in the November 2021 edition of Maritime Reporter…
US Navy Submarine New Jersey (SSN 796) Christened
Huntington Ingalls Industries (NYSE: HII) christened pre-commissioning unit New Jersey (SSN 796) at the company’s Newport News Shipbuilding division.“The christening is a Navy and shipbuilder tradition that celebrates the hard work and dedication of the women and men who are building this magnificent submarine, readying her for the next phase of construction, which includes launch, testing, sea trials and delivery to the Navy,” said Jennifer Boykin, president of Newport News Shipbuilding.
New Grain Load Record at Port of Thunder Bay
Canada Steamship Lines (CSL) set a new record at the Viterra terminal in the Port of Thunder Bay yesterday, when it loaded 31,362 metric tonnes of grain on CSL Welland, breaking the previous record of 31,143 metric tonnes. The cargo of wheat will be discharged in Montreal, destined for international markets.“I commend Captain Rowe and his crew, the Viterra team, the Port of Thunder Bay, as well as our CSL teams on the ground who contributed to this achievement…
Ocean Infinity Aims to Deliver Ammonia Fuel Propulsion Package for Armada Fleet
Ocean Infinity won The Clean Maritime Demonstration Competition, enabling it and its partners to build a Marine Propulsion Test facility, with an integrated Ammonia Marine Propulsion System (AMPS). The test facility is intended to demonstrate clean-fueled technology eventually capable of powering Ocean Infinity’s Armada fleet, using an innovative ammonia based fuel cell system.“Winning The Clean Maritime…
Emission Reduction: Eidesvik, Aker BP, Alma to Test Ammonia Fuel Cell Tech on Offshore Vessels
Eidesvik Offshore, a Norwegian offshore support vessel owner, has signed a deal with oil firm Aker BP and Alma to investigate the possibility of using Alma's fuel cell technology to accelerate the transition to zero-emission shipping.Alma is a venture under establishment by Aker Group's recently formed platform for venture capital in industrial technology Clara Venture Labs. Under the agreement, the…
Bangladesh's Hazardous Shipyards Launch Race for Cleaner, Safer Future
When Samrat Hossain first started cutting up old ships weighing thousands of tonnes in a southeast Bangladesh shipbreaking yard a decade ago, all he would wear was a cap or a helmet.But these days, the 27-year-old spends nearly an hour each day before work putting on his protective gear, which includes special masks, gloves, boots, and a suit."A lot has changed in the last 10 years. Before, PPE (Personal Protective Equipment) was not a factor.
Baltic Dry Index Extends Losses
The Baltic Exchange's dry bulk sea freight index fell for a fourth straight session Tuesday, weighed down by weak demand across all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell by 201 points, or 4.7%, to 4,056, its lowest since Sept. 10.The capesize index fell 478 points, or 8.3%, to 5,304, its lowest since Sept.
Ship Breaking: Prices are on the Rise Again
In its weekly report on ship recycling, GMS reports that after the brief lull, levels have spiked in the sub-continent once again last week, pushing above $600/LDT on most available units once again.According to GMS, the current diet consists primarily of tankers and offshore vessels, such has been the strength of the dry bulk and container sectors for much of this year.The volume of tonnage seems to be increasing toward year's end…
Baltic Index Dry Snaps Eight-day Losing Streak
The Baltic Exchange's dry bulk sea freight index gained on Wednesday, after falling for eight straight sessions, supported by higher rates across all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose by 37 points, or 0.8%, to 4,751.The capesize index rose 46 points, or 0.6%, to 7,275, breaking a losing streak of eight sessions.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal,
Bangladesh Pays Record Prices for Two LNG Shipments
Bangladesh bought two liquefied natural gas (LNG) cargoes for delivery in October at record prices, two industry sources said on Friday, as low inventory in Europe boosts competition with Asia for supplies ahead of winter.The south Asian nation bought one cargo from trader Vitol for delivery in mid-Oct. at $35.89 per million British thermal units (mmBtu) and another from Gunvor for late Oct. delivery at $36.95 per mmBtu…