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Asia Spot LNG Prices Rise on Uncertainty over Nord Stream, Japan Supplies
Asian spot liquefied natural gas (LNG) prices jumped this week on fears of possible Russian supply disruptions to Japan and on rising demand due to a heatwave and concerns over the return of the Nord Stream pipeline after its planned 10-day maintenance.The average LNG price for August delivery into north-east Asia was estimated at $41 per million British thermal units (mmBtu), up $2, or 5.1%, from the previous weekâŠ
Tankers International Updates Its VLCC Fixture App
Tankers International, a shipping pool for very large crude carriers (VLCC), announced an update, including a new subscription scheme, for its VLCC Fixture app.First launched in 2014, the Tankers International VLCC Fixture app provides fixture data for the global VLCC fleet, including data that was once only provided to a select few brokers. The app has received over 259,000 visits a month since itâŠ
New Dry Bulk Commodity Analytics Company Launched
DBX, a new dry bulk commodity analytics firm based in London, officially launched earlier this year having successfully completed Signal Ventureâs incubation program, and it has now initiated a round of seed funding.The venture started in the summer of 2020 with all around support from Signal Ocean. This support included financial, data, technology and recruitment, OilX, an oil commodity analytics firm previously launched by SignalâŠ
Cutting Emissions: Vestas Testing Use of Hydrogen-powered Crew Transfer Vessel
Danish offshore wind turbine manufacturer Vestas is partnering up with Windcat Workboats to launch a pilot program to explore how "the worldâs first" hydrogen-powered crew transfer vessel (CTV) can help reduce carbon emissions from its offshore service operations. According to Vestas, the CTV is powered by a dual-fuel solution, capable of being powered by hydrogen in a combination with marine gas oil.
Xeneta says Long-term Container Shipping Rates to Rise Again
Itâs been another bumper month for long-term contracted ocean freight rates, as the cost of securing container shipments climbed by 10.1% in June. Following on the heels of a record 30.1% hike in May, this now means rates stand 169.8% higher than this time last year, with just two months of declines in the last 18 months. Despite a degree of macro-economic uncertainty clouding the horizon, all major trades saw prices moving upâŠ
Bureau Veritas, TotalEnergies Study Ammonia Leaks
Bureau Veritas (BV) and TotalEnergies are studying ammonia leak mitigation and treatment in an effort to de-risking the use of ammonia as a marine fuel.The joint preliminary study has evaluated the health and safety risks from ammonia leaks for crew and passengers and pinpointed key safety criteria. So far, the study has examined different leak scenarios for single-wall and double-wall containmentâŠ
Volwater Takes the Helm at C-Job Naval Architects
Ship design and engineering company C-Job Naval Architects on Thursday announced changes to its executive team. Job Volwater will move from his position as Chief Commercial Officer and take on the position of Chief Executive Officer. He takes over from Basjan Faber, who will take up the position of Chief Financial Officer at the company.Faber and Volwater founded C-Job Naval Architects in 2007. VolwaterâŠ
Container Losses Are On the Rise
The number of containers being lost overboard from ships at sea has been on the rise, according to a recent report from the World Shipping Council (WSC).In 2021, international liner carriersâ onshore staff and crews managed 6,300 ships, successfully delivering vital supplies worth $7 trillion to the people of the world, in approximately 241 million containers. The WSC Containers Lost at Sea ReportâŠ
NAPA Gets ISO Certification on Information Security Management
NAPA, a global provider of software, services and data analysis for the maritime industry, said it has received the ISO 27001:2013 certification on information security management, validating the companyâs adherence to international best practices on data management and security.ISO 27001:2013 is an international standard that defines the requirements for a comprehensive information security management systemâŠ
Ban on Russian Commodity Exports to Accelerate LNG Growth, Energy Transition - Wood Mackenzie report
War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway. With the global economy on a knife edge and energy prices structurally higher, there a real risk of some global supply being lost.
Cox Marine to Focus on Hydrogen @ Seawork
At Seawork 2022 British diesel technology innovator Cox Marine will showcase its CXO300 diesel outboard with demos available on a Cox-powered RIB, and it will present too insights on the development of its next-gen hydrogen-based marine propulsion systems.James Eatwell, Head of Research and Development, Cox Marine, will present at Get Set to Workboat 2050 on behalf of SHAPE UK as part of a line-upâŠ
Capital Ship Management Signs On to Deploy ABS' My Digital Fleet
ABS and Capital Ship Management (Capital) signed an agreement to deploy ABSâ digitalization and decarbonization platform in support of Capitalâs sustainability strategy.ABS My Digital Fleet is a configurable risk management platform, designed to integrates data to provide AI-driven insights for driving sustainable operations and reducing operational risks. Environmental insights provide visibilityâŠ
VIDEO: One-on-One with Pieter van Oord, CEO, Van Oord
Pieter van Oord is candid in discussing the future growth of his storied companyâs activities in offshore wind with specific insights on challenging current jobs, Van Oordâs recent order of a massive and groundbreaking Wind Turbine Installation Vessel, and the companyâs future working in the United States.Pieter, to start, can you give a âBy the Numbersâ look at your company today using the metrics of your choice?Well, 2021 was a disappointing year for us.
ABS Report Examines Hydrogen and Carbon Value Chains
The potential for carbon markets and pricing to reshape global shipping, as well as the impact of the emerging hydrogen and carbon value chains, are explored in-depth in the latest support for the industryâs decarbonization ambitions from ABS.The groundbreaking analysis is at the heart of the fourth edition of the ABS Setting the Course to Low Carbon Shipping series, as well as insights on the industryâsâŠ
Vessel Incidents on the Rise, Inmarsat Report Finds
Tankers, fishing vessels and bulk carriers were the three highest sectors for sending distress signals between 2018-2021, Inmarsat's The Future of Maritime Safety Report 2022 reveals.Among the findings from the Inmarsat data was an abrupt spike in GMDSS calls in 2020 at the height of the Covid-19 pandemic, which, according to the report, is likely to have been caused by âissues with crew change, rapid turnaround in ports and fatigue on boardâ.Peter BroadhurstâŠ
Winners of Student Ferry Design Competition Announced
Following the Worldwide Ferry Safety Associationâs (WFSA) Professional Program (held virtually on May 18, 2022), Awards were presented to finalist teams in the WFSAâs Ferry Design Competition, now in its ninth year.Dr. Roberta Weisbrod, WFSAâs Executive Director, said the specifications for the design ferry were crafted to be ever more challenging from year to year, but that this yearâs objective creating a safe and affordable ferry for transiting Indiaâs Brahmaputra RiverâŠ
KOTUG and SCI Kick Off Mariner Training Partnership
The Training & Consultancy division of KOTUG International (KOTUG) and U.S. maritime education and maritime training provider the Seamenâs Church Institute (SCI) entered into a strategic partnership to offer exclusive training of tug masters, shipsâ crews, river barge shippers, and pilots by certified KOTUG trainers at SCI training facilities across the United States. The partnership was officiallyâŠ
LNG Momentum Swinging Back to Asia as Europe Demand Eases: Russell
The merry-go-round of liquefied natural gas (LNG) between Europe and Asia appears to be tilting back toward Asia as buyers in the top-consuming region start to chase cargoes ahead of the summer demand peak.The dynamics of the LNG market for the first four months of the year was that Europe was prepared to bid up prices for spot cargoes in order to secure supplies.This competition for LNG came as Europe first battled a winter shortage of natural gasâŠ
Navigation: ioCurrents and Rose Point Partner
Data analytics specialist ioCurrents and Rose Point, a provider of navigation solutions for ships operating in U.S. inland waterways, have partnered in an effort to help mariners plan and navigate more safely and efficiently.Combining ioCurrentsâ data analytics insights on fuel consumption and Rose Pointâs marine navigation software, professional mariners and fleet operators will be given a completeâŠ
Researchers Set to Explore Historic Shipwreck off North Carolina
NOAA scientists and partner researchers are set to explore the shipwreck of the USS Monitor, natural reefs and the maritime cultural landscape off the North Carolina coast, and starting May 15, the public will be able to follow along.The two week mission â titled âValor in the Atlanticâ â will use state-of-the-art, remotely-piloted submersibles and other technologies to explore notable sites surrounding Americaâs first National Marine Sanctuary.