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Great Lakes Towing Acquires Plotz Machine
The Great Lakes Towing Company announced it has purchased The Wm. Plotz Machine & Forge Company.The acquisition, which includes all Plotz Machine’s assets and real estate, increases the services provided by Great Lakes and allows the company to now offer marine and industrial machine shop services to all types of customers, including shipyard new construction and ship repair. The transaction closed on Tuesday…
DSME Orders GTT Tanks for MOL LNG Carrier Quartet
French engineering firm GTT has won an order from the Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the tank design of four new LNG carriers.The LNG carriers will be built for the Japanese ship-owner Mitsui O.S.K. Lines (MOL). GTT will design the tanks of these four LNG carriers for navigation in cold temperatures, with a total LNG tank capacity of 174,000 m3 per ship. Each tank…
Wärtsilä to Equip Second US LNG Bunker Vessel
The technology group Wärtsilä said it will supply a complete liquefied natural gas (LNG) cargo storage and handling system for a new 103 meter (340 feet) long LNG bunker barge to be built at Fincantieri Bay Shipbuilding in Wisconsin, USA for Polaris New Energy (PNE). This is the second of two such barges built at the yard for PNE, the same Wärtsilä solution having been ordered for both. The first barge is scheduled for delivery from FBS in December 2021.
Top 10 Ship Owning Nations
VesselsValue's head cargo analyst, Olivia Watkins, has compiled a list of the world's top ship owning nations ranked by total fleet value.ChinaChina has moved up from second in January to firs place this time, owning a total of $191 billion in assets.China owns the largest number of containerships and, consequently, the recent surge in rates and values has moved them up the ranks to top spot in terms of fleet value.
MacGregor to Supply Hatch Covers for 12 New Containerships
MacGregor, part of Cargotec, has secured an order to supply hatch covers for 12 new 3,055 TEU containerships. The ships will be built by Japan Marine United (JMU) for the Taiwanese shipping company Wan Hai Lines. Scope of supply includes design and key components, fabrication and delivery of hatch covers to JMU.The order is booked into Cargotec's fourth quarter 2021 order intake, with deliveries planned…
Shipping Rate Surge Threatens Global Economy Recovery, UNCTAD Says
A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent on deliveries by sea expected to be hardest hit by a spike in import prices, U.N. agency UNCTAD said on Thursday.A surge in demand for consumer goods during the pandemic has created major supply bottlenecks around the world, which has impacted the supply of container ships and boxes to…
As Port of Los Angeles Import Backups Ease, Empty Containers Pile Up
The number of container ships waiting to enter the busiest U.S. seaport complex hit a new record of 84 on Tuesday, as growing piles of empty containers crowd docks at the Southern California facility that has been racing to remove lingering imports.The conundrum illustrates the challenge faced by a U.S. government task force charged with tackling supply chain snarls that are contributing to product shortages and inflation.U.S.
Solstad Offshore Sells Platform Supplier
Norwegian offshore vessel owner Solstad Offshore is continuing with divestments of non-core vessels and has now sold the Rem Provider platform supply vessel.The vessel, built in 2007, was sold by Solstad Offshore's subsidiary Solstad Rederi AS and the vessel was delivered to the new owner took on Friday. "The sale of the vessel will result in an immaterial accounting effect for Q4 2021," Solstad Offshore said, without sharing further details on the buyer or on the sale value.
US FTC to Consider Study on Supply Chain Concerns
The U.S. Federal Trade Commission will vote next week on whether it will study if supply chain disruptions have affected competition, the agency said in a statement describing the agenda as tentative.The meeting will be held on November 18, the statement said.Faced with long delays in getting goods into U.S.
Global Logistics Crisis Boosts Smaller UK Ports
Global supply chain disruption is changing cargo flows coming into Britain and smaller ports such as Liverpool are benefiting as suppliers look for other ways to route cargoes and minimize disruptions, Liverpool port's operator said.Major bottlenecks have formed across the globe in recent months due to a surge in demand for retail goods from people stuck at home under pandemic-related lockdowns and…
Alfa Laval Launches Gas Combustion Unit 2.0
Alfa Laval said it has taken the original simplicity of its Gas Combustion Unit (GCU), used for boil-off combustion on liquefied natural gas (LNG) carriers, and made it even smarter in the new GCU 2.0.“The Alfa Laval GCU is reliable and easily maintained, in large part because of the simplicity of its design,” said Jeppe Jacobsen, Global Sales Manager. “That principle is unchanged in the GCU 2.0, but…
Navantia Taps Pemamek for Shipbuilding Production Lines
Navantia placed an order for the automated PEMA Panel Lines, Profile Processing Lines and Sub-Block Production Lines, designed to ensure that Navantia Shipyards will have the latest laser-hybrid-based welding and robotic technology fully integrated to create the Shipyard 4.0 working environment. The agreement between Navantia and Pemamek -- which entails several phased deliveries during the next two years -- includes an advanced automated and robotized PEMA Panel line…
MacGregor to Equip Spirit of Tasmania's New RoPax Ships
MacGregor, part of Cargotec, said on Friday it has secured new order to supply cargo access equipment for two RoPax vessels to be built by Rauma Marine Constructions (RMC) for Spirit of Tasmania (TT-Line Company Pty Ltd).The order was booked into Cargotec's second quarter 2021 order intake, with deliveries planned to commence during the third quarter of 2022 and completed during the first quarter of 2023.The scope of supply includes bow and stern access equipment…
Siemens Gamesa to Open Offshore Wind Turbine Blade Plant in Virginia
Offshore wind turbine maker Siemens Gamesa Renewable Energy will open the first offshore wind turbine blade facility in the United States.The company on Monday held a launch ceremony with representatives from state and local government authorities and wind industry partners in Virginia."This is also the first commitment by a global offshore wind turbine manufacturer in a U.S.-based supply chain," Siemens…
Fire Breaks Out on Containership off British Columbia
A container fire that broke out on Saturday on a cargo ship carrying mining chemicals off British Columbia is smoldering and appears to be under control, Canadian Coast Guard officials said on Sunday.Sixteen crew members were evacuated from the MV Zim Kingston on Saturday, while five remained onboard to fight the fire.The ship is anchored several kilometers off the southern coast of Vancouver Island.
GTT Wins LNG Tank Design Order for Six Containerships
French engineering firm GTT said it has been chosen by South Korean shipyard Samsung Heavy Industries (SHI) to design the cryogenic fuel tanks of six liquefied natural…
Techcross to Supply BWMS for 28 PIL Containerships
South Korea-based Techcross said it has entered into a contract with Singapore's largest container carrier Pacific International Lines (PIL) to supply ballast water management systems for 28 containerships in its fleetThe contract, secured by Techcross' Singapore office, entails sequential deliveries through 2024.PIL, one of Southeast Asia's largest shipowners with a fleet of around 100 vessels, is…
California Ports, Key to US Supply Chain, Among World's Least Efficient
Southern California’s Los Angeles and Long Beach ports handle the most ocean cargo of any ports in the United States, but are some of the least efficient in the world, according to a ranking by the World Bank and IHS Markit.In a review of 351 container ports around the globe, Los Angeles was ranked 328, behind Tanzania’s Dar es Salaam and Alaska’s Dutch Harbor. The adjacent port of Long Beach came in even lower…
Steel Cut for Finnlines’ New RoPax
China Merchants Jinling Shipyard in Weihai, China has cut first steel for Finncanopus, the second of two Superstar ro-pax vessels ordered by Finnlines.Construction of the series' first vessel, Finnsirius, started earlier this year, and keel-laying is scheduled to take place in April 2022. So-called mock-ups have been built of cabins, as well as public spaces, to check and test the quality and fine-tune details.Freight drivers…
GTT Tallies Tank Design Orders from Samsung
French engineering firm GTT announced Thursday that it has received, in Q3 2021, an order from Korean shipyard Samsung Heavy Industries (SHI) for the tank design…
US Secures Aid Pier on Gaza Beach. Aid Delivery Encounters Challenges Ahead.
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