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ABS, Crowley Advance Augmented Reality Technology
U.S. shipping company Crowley and classification society ABS have entered an agreement to jointly explore how to advance the use of augmented and virtual reality technologies for vessels and other marine environments.The ABS partnership agreement builds on Crowleyâs new service network using augmented reality on select vessels. Crew wear goggle technology to provide real-time visuals of ship equipment to remote technicians to collaborate on solutions.
Shipping Industry Has No Easy Path Toward Decarbonization
The shipping industry lacks clarity on future clean fuels and regulatory systems which is holding back companies from replacing ageing vessels amid pressure to decarbonise faster, U.N. agency UNCTAD said on Wednesday.Shipping, which transports over 80% of world trade and accounts for nearly 3% of the world's carbon dioxide emissions, has faced calls from environmentalists and investors to deliver more concrete action, including a carbon levy."We call for global action to decarbonise shipping.
Russia Hits Ukrainian Port Facilities
Ukrainian officials said Russia struck Ukrainian port infrastructure and grain storage facilities on Tuesday, but also reported some progress on the front lines in the three-month old counteroffensive by its forces.President Volodymyr Zelenskiy spoke of "good details" from the front without further explanation and said Ukraine clearly understood where to apply pressure to make it felt in Moscow."Sanctions are not enough.
The Real Cost of Net Zero Ports
Zero emission is a nice idea, but whoâs going to pay for it? The U.S. EPA is readying big money for zero emission ports.The U.S. Environmental Protection Agency (EPA) is working on two high-profile port initiatives that it hopes will move the needle in a big way towards U.S. portsâ zero emissions (ZE) operations and clean air goals.The first initiative started last May when EPA published a requestâŠ
Mideast-Asia Oil Shipping Rates Rebound, Capped by OPEC+ Supply Cuts
The cost of chartering a supertanker to load Middle Eastern crude oil for Asia has rebounded from a 19-month low in September, but industry sources expect output supply cuts, led by Saudi Arabia, to cap freight rates for the rest of the year.The world's benchmark very large crude carrier (VLCC) export route from the Middle East Gulf (MEG) to Japan, known as TD3, rose to W50.46 on Monday in the Worldscale measure of freight rates, LSEG data showed.
Arbitration Tribunal Delivers Verdict: Hanwha Triumphs in Deepwater Drillship Dispute
An arbitration tribunal has delivered a verdict in a drillship order cancellation case involving offshore drilling contractor Northern Drilling and Daweoo Shipbuilding Marine and Engineering (now known as Hanwha Ocean), ruling in favor of Hanwha.Billionaire John Fredriksen-owned offshore drilling company Northern Drilling canceled the West Aquila and West Libra drillship orders with South Korea's Daewoo Shipbuilding & Marine Engineering in 2021âŠ
GMS Reports Feverish Buying in Ship Recycling Markets
Cash buyer GMS reports another week of âastonishingâ activity in sub-continent ship recycling markets, with owners and cash buyers primarily focusing on the Indian market where several extraordinarily priced container sales reportedly took place over the recent weeks.The $600/ton mark was even exceeded on a container unit once again, in what seems to be the surest sign yet, that sentiments and demand in Alang are back on trackâŠ
Ørsted to Deploy Rutter's Wave Prediction Tech on CTVs
Offshore wind developer Ørsted is deploying Rutterâs wave prediction technology on board selected crew transfer vessels (CTV) worldwide within its contracted fleet to improve the safe transfer of personnel to offshore wind turbines.Roots of the initiative stretch back to 2018, when the two companies launched a project to investigate wave prediction applications for improving safety during transfers from CTVs to offshore wind turbinesâŠ
Ship with Ukraine Grain Back in Turkey under "Humanitarian corridor"
The cargo ship "Resilient Africa" arrived off Turkey's Bosphorus Strait on Thursday, the first vessel loaded with grain from Ukraine to sail in and out of the Black Sea using a temporary corridor.
Britain's Princess Anne to Open £420M Aberdeen Port Expansion Project
Britain's Princess Anne will on Friday officially open Port of Aberdeenâs £420 million South Harbor expansion project on Friday. The project is expected to catalyze a multi-billion-pound economic and job boost for Scotland.According to a press release issued by the port, independent analysis forecast that when the expanded Port of Aberdeen reaches its full potential the portâs Gross Value Added contribution will jump 60% to £2.4 billion and increase the number of jobs supported by 45% to 17âŠ
Longline Fishing Company Successfully Trials Whale Depredation Solution
Norway/Uruguay-based Pesquera Azulâs has successfully trialed an innovative catch protection cage in whale-rich waters in the southern Indian Ocean. The company says it is a potential game-changer for the longline fishing industry as it grapples with the challenge of whale depredation.The steady increase in the whale population in sub-Antarctic fishing grounds is hampering the longline fishing industry, especially for fatty fish species.
MSI: Dry Bulk Trade Volumes Positive but Prospects Hold Downside Risks
According to Maritime Strategies International, the unwinding of supply chain inefficiencies and rising vessel orders are expected to dampen positive deadweight demand in the dry bulk market.COVID-related supply chain inefficiencies and associated port congestion have almost fully unwound, and while the MSI outlook on the prospects for trade volumes this year is considered positive, growth in actualâŠ
Baltic Workboats Delivers New Launch for the Laurentian Pilotage Authority
The Laurentian Pilotage Authority (LPA), based in Montreal, Canada, provides pilotage services in Canadian waters in and around the province of Quebec where cold weather can often be an issue for marine operators. So when it came time to order a new pilot boat, the LPA sought a vessel that could stand up to the regionâs frigid conditions.The pilots turned to Estonia-based Baltic Workboats for the design and construction of the ice-capable ShipekuâŠ
U.S. Revives Cold War Submarine Spy Program to Counter China
On a windswept island 50 miles north of Seattle sits a U.S. Navy monitoring station. For years, it was kept busy tracking whale movements and measuring rising sea temperatures. Last October, the Navy gave the unit a new name that better reflects its current mission: Theater Undersea Surveillance Command.The renaming of the spy station at the Whidbey Island naval base is a nod to a much larger U.S.
Positive Volumes for Dry Bulk Trade, but Prospects Set to Dampen
The unwinding of supply chain inefficiencies and rising vessel orders are set to dampen positive deadweight demand in the dry bulk market, according to Maritime Strategies International (MSI).COVID-related supply chain inefficiencies and associated port congestion have almost fully unwound and while the MSI outlook on the prospects for trade volumes this year is considered positive, growth in actualâŠ
Remote Operations: Challenges & Opportunities
Digitalization in the maritime industry continues to grow. Technology is constantly evolving, providing organizations with new ways to transform and manage their operations with adoption of technology creating first-mover advantage and future relevancy, and positivity impacting margins. The offshore services industry has been a major driver in the trend towards utilization of remote inspection and monitoring technology for InspectionâŠ
ATSB: Fatal Pilot Ladder Accident Has Enduring Lessons
Managers of the two vessels involved in a fatal crew transfer accident off Brisbane, Australia, had not ensured personnel had a common and complete understanding of how the transfer would be conducted, an Australian Transport Safety Bureau (ATSB) investigation has concluded.On 9 August 2021, crew were being transferred to and from the bulk carrier Formosabulk Clement via the launch boat PT Transporter in the Port of Brisbane anchorageâŠ
Captain McManus Preps to Take the Helm of Empire State VII
Captain Morgan McManus will serve as the Shipâs Master on the Empire State VII, the first in a series of five National Security Multi-Mission Vessel (NSMV), which at press time was getting its post-sea trial finishing touches at Philly Shipyard. The project to design, build and deliver the NSMV series is one of the most exciting shipbuilding programs in the U.S. â a government shipbuilding project leveraging commercial shipbuilding efficiencies.
India and Pakistan Ship Recycling Market Bullish
Bullish buyers in both, the Indian and Pakistani markets, continue to push on for another week as they manage to secure some of the recently recorded, high-priced sales from both the dry bulk and container sectors, reports cash buyer GMS.âSome of the recent container sales in particular have caught the eyes of many in the industry, especially as levels gradually edge back up into the high USD 500s/LDT (approaching USD 600/LDT)âŠ
Wicker Urges Navy Nominee to Focus on Shipbuilding
Roger Wicker, a U.S. Senator from Mississippi, urged Acting Chief of Naval Operations Admiral Lisa M. Franchetti to focus on shipbuilding and the expansion of the nation's naval forces.Wicker, the ranking member of the Senate Armed Services Committee, on Thursday led a full committee hearing examining the nomination of Franchetti to become the next Chief of Naval Operations.In his remarks, Wicker observedâŠ