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US Anchors Aid Pier to Gaza Beach. Aid Delivery Faces Tough Road Ahead
The United States anchored a temporary floating pier to a beach in Gaza on Thursday to boost aid deliveries, but Washington is facing the same challenges that have beset the United Nations and relief groups for months when it comes to distributing assistance to the war-torn enclave.These include working in a war zone to stave off a looming famine and a dire shortage of fuel for aid trucks. The United…
ESG Invests in Shipbuilding Infrastructure
Eastern Shipbuilding Group, Inc. (ESG) commenced phase two of a itsinfrastructure improvement project at its Nelson Street government shipbuilding facility, a phase which includes the construction of 1,000 linear feet of additional bulkhead and berthing space, installation of associated heavy weather mooring infrastructure, the extension of the launch facility by 120 feet to increase the total launch way length to over 500 feet…
VARD to Build Hybrid Ocean Energy Construction Vessel for Island Offshore
VARD announced it has been awarded a contract to design and build a hybrid power Ocean Energy Construction Vessel (OECV) for the Norwegian shipping group Island Offshore. The deal includes options for two more vessels.The vessel, to be named Island Evolution, is of VARD 3 25 design developed in close collaboration between Island Offshore and VARD for work in offshore oil and gas as well as renewables."We…
ULA Orders Rocket Transport Ship from Bollinger
American aerospace manufacturer ULA on Wednesday announced it has ordered a new ship to transport rockets from its factory in Decatur, Ala. to launch sites at Cape Canaveral Space Force Station in Florida and Vandenberg Space Force Base in California.ULA said it awarded a contract to build the 356-foot-long roll-on/roll-off vessel to Bollinger Shipyards, who recently started constructing the new ship at its shipyard in Amelia, La.
US Completes Pier to Deliver Aid for Gaza
Aid for Gaza was being loaded onto a ship in Cyprus on Wednesday in what was expected to be the first cargo to be delivered using a U.S. pier built to expedite supplies to the besieged enclave.Containers were being stacked on the U.S. flagged Sagamore, docked at the port of Larnaca, on Wednesday. Some containers to the ship were labelled as aid from the United Arab Emirates.Konstantinos Letymbiotis…
Container Ship Deliveries Hit YTD Record
“In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another record has been set as more than 1 million TEU has already been delivered during the first four months of the year, an increase of nearly 80% compared to the previous record,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.As ship recycling has so far only retired 19 smaller ships…
Long Term Rates Edge Up Globally as Red Sea Conflict Continues
Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market remains gripped by uncertainty in the Red Sea, according to new data on the Xeneta Shipping Index (XSI®).The latest data released by Xeneta on May 2 shows the Global XSI (the average rate of all valid long term contracts in the market) remained fairly flat in April at 154.3 points…
Corvus Energy to Supply ESS for First Net Zero Subsea Construction Vessel
Corvus Energy has been selected by HAF Power Solutions (HPS) to supply Energy Storage Systems (ESS) for the Energy Subsea Construction Vessel (ESCV) to be built for shipowner REM Offshore.The new ESCV is of ST-245 design and will be the first vessel to perform heavy construction work in both offshore wind and the subsea market with net zero emissions. The vessel will be equipped with dual-fuel methanol engines and a 1.7MW battery system.
Bio-Sea Ballast Water Treatment for Siem Car Carrier Trio
BIO-UV Group has received an order from SIEM Ship Management to supply its BIO-SEA Ballast Water Treatment Systems for a trio of SIEM-managed car carriers. The order, for retrofit installation to the Siem Copernicus, Siem Curie and Siem Socrates, is the latest in a series of deliveries of BIO-SEA B-Series equipment for installation onboard around a dozen SIEM Ship Management reefer vessels since 2021.In this latest order…
Dry Bulk Supply/Demand Balance Predicted to Strengthen
BIMCO has released its Dry Bulk Shipping Market Overview & Outlook for April 2024, predicting that the supply/demand balance should strengthen in 2024, but weaken in 2025.This would be the result of ships returning to the Red Sea and Panama Canal, shortening sailing distances.Supply is forecast to grow 2.5% in 2024 and 2.0% in 2025. Growth is slowing due to lower deliveries, reports, Niels Rasmussen…
China Harbors Ship Tied to North Korea-Russia Arms Transfers
China is providing moorage for a U.S.-sanctioned Russian cargo ship implicated in North Korean arms transfers to Russia, according to satellite images obtained by Reuters, as U.S. concerns grow over Beijing's support for Moscow's war in Ukraine.Britain's Royal United Services Institute (RUSI) think tank said the Russian vessel Angara, which since August 2023 has moved to Russian ports thousands of containers believed to contain North Korean munitions…
Energy Transition: LNG Prices Plummet, Dual-fuel LNG Newbuilds Rise
Demand for liquefied natural gas (LNG) to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet. Prices of LNG delivered as marine fuel at the world's largest bunker hub Singapore are at steep discounts of nearly $100 per metric ton compared with conventional 0.5% very low sulphur fuel oil (VLSFO), industry sources report.That is a far cry from record premiums of more than $1…
Cavotec Bags $5 Million Shore Power Order
Cavotec announced it has signed an order for shore power with a global shipping company, valued at about $5 million.The order from an undisclosed global shipping company includes a substantial number of PowerFit shore power units, enabling vessels to connect to shore power with ease while docked. Deliveries are scheduled later this year,Cavotec said.Cavotec’s PowerFit is a complete containerized solution for high voltage vessel connections.
GTT Books Tank Design Order for Eight New LNG Carriers
French engineering company GTT has received an order from an Asian shipyard for the tank design of eight new Liquefied Natural Gas Carriers (LNGCs).The order, booked in the second quarter of 2024, is on behalf of a Middle Eastern ship-owner.GTT will design the tanks of these eight vessels, which will each offer a capacity of 174,000 m3.The tanks will be fitted with a membrane containment system from…
Fincantieri Lands Norwegian Cruise Line Order for Four Next-Gen Cruise Ships
Fincantieri has received a highly significant order from Norwegian Cruise Line Holdings for the construction of four new next-generation cruise ships.The order entails the construction of two cruise ships for the Regent Seven Seas Cruises and two for the Oceania Cruises brands respectively.The ships designated for Regent Seven Seas Cruises, scheduled for delivery in 2026 and 2029, will boast a gross tonnage of 77…
Demand Shocks Drive Ship Recycling to Lowest Level in 20 Years
Over the past eight quarters, ship recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years. “A combination of strong demand following a series of market shocks and low orderbooks have kept older ships operating for longer than usual,” says Filipe Gouveia, Shipping Analyst at BIMCO.During the first quarter of 2024, only two million deadweight tonnes (DWT) ship capacity were recycled.
Gazprom Uses Replacement Vessel to Maintain Gas Loadings
Russia's Gazprom is using a replacement vessel for ship-to-ship loadings (STS) of liquefied natural gas from its Portovaya LNG plant on the Baltic Sea while another ship is repaired, LSEG data showed on Monday.The floating storage and regasification unit (FSRU) Marshal Vasilevskiy is designed to supply Russia's Kaliningrad exclave, between Lithuania and Poland, and ensure its gas security in case of disruption to pipeline supplies from neighboring countries.According to LSEG data, the FSRU Marsh
Second Shipment of Food for Gaza Leaves Cyprus
Ships carrying 332 tons of food for Gaza left Cyprus's Larnaca port on Saturday in a convoy which will reach the besieged enclave early next week, authorities said.It is the second shipment this month after Israel eased a 17-year naval blockade on the Gaza Strip to allow aid in from Cyprus, sourced by U.S. charity World Central Kitchen (WCK) for starving Palestinians.The aid will be taken to Gaza on a cargo ship and a barge towed by a salvage vessel…
Seaspan Awarded Contracts for Canadian Coast Guard’s Multi-Purpose Vessels
The Canadian government on Tuesday announced it has awarded a pair of contracts to Seaspan’s Vancouver Shipyards Co. Ltd. (VSY) to initiate the next stages of procuring the first flight of Multi-Purpose Vessels (MPV) for the Canadian Coast Guard (CCG).These contracts, which are worth $490.6 million combined (taxes included), following completion of the vessel’s basic design review in late 2023 and allow VSY to undertake pre-construction work…
Automakers Reroute Shipments After Baltimore Bridge Collapse
U.S. automakers General Motors and Ford will reroute affected shipments after a bridge collapse in the U.S. shuttered the Port of Baltimore, but the companies said on Tuesday the impact will be minimal."We expect the situation to have minimal impact to our operations. We are working to re-route any vehicle shipments to other ports," GM said in a statement.The Port of Baltimore is the busiest U.S. port for car shipments…