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Unmanned Maritime Systems Development Accelerates
There is little question that world militaries see the value of unmanned systems to complement their manned counterparts. The wars in Iraq and Afghanistan accelerated the development of unmanned aerial systems and unmanned ground systems to meet urgent operational needs. Now, there is increasing interest in unmanned surface systems, resulting in their placement on an accelerated development path.Like their air and ground counterpartsâŠ
Asian Buyers May Seek US LNG if Australian Disputes Worsen
Major Asian buyers of LNG could seek US cargoes in the coming weeks if worker-related disputes at key LNG facilities in Australia escalate, analysts said, as electricity demand continues surge due to warm weather.Uncertainty over labour disputes at western Australian facilities run by Woodside Energy Group and U.S. major Chevron have spurred Asian LNG prices to their highest in five months, and analystsâŠ
Shipyard Capacity: A Brake on Decarbonization?
The IMOâs latest crunch meeting in early July may not have aligned global shipping with mid-century targets established in the 2015 Paris Agreement. However, its 2023 Strategy indicates a clear direction of travel. Energy supplies by sea are essential for many countries and therefore ships have a key role in supporting the worldâs energy transition â not only on their own account, but at a global level.As world shipping accounts for about 3% of greenhouse gas emissionsâŠ
Lethargy Continues in Ship Recycling Market
The lethargy in subcontinent recycling markets continues for another week as owners and cash buyers continue to offload tonnage at spiralling prices, chasing down rates seemingly by the day, reports GMS.âWe have seen prices decline from over USD 600/LT LDT earlier this year, to seeing several standard (albeit poor condition) dry bulk sales below USD 500/LDT recently.âTherefore, a fall of over USD 100/LDTâŠ
US Shipyards Investing to Add Serious Lifting Power
Shipyards across the U.S. are investing in new equipment to increase lift capacity, opening up the door for more projects and improved efficiency.Southern California-based Marine Group Boat Works, which performs a mix of yacht, commercial and government vessel repair work, in 2022 repowered its 665-ton Marine Travelift mobile boat hoistâthe largest on the West Coastâwith a Tier 4 John Deere engine.
Afghans Recount Moment Migrant Boat Sank on Deadly Channel Crossing
Idris, 22, was convinced he was going to die when the small boat he and dozens of other migrants were on began to sink in the Channel as he tried to reach England from France.It was only thinking of his parents back home, and the fact that he had embarked on this perilous journey to help his family, that gave him the strength to stay afloat, he told Reuters.Six people died when the boat sank on Saturday.
Washington State Ferries Awards Vigor Contract to Convert Its Largest Vessels to Hybrid-electric Power
Washington State Ferries has tapped local shipyard Vigor to convert up to three of its Jumbo Mark II class ferries to low-emission hybrid-electric power.Vigor's $150 million winning bid for the contract came in about $16 million under the second place bid from another Washington shipyard, but was still approximately $30 million above the stateâs $120 million estimate for the project. Vigor has been awarded approximately $100 million for the conversion of two vesselsâŠ
ZIM 2Q Revenues Plunge 62%
Pain in the containershipping sector is not uncommon in 2023, and Israel's ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is no exception, today reporting 2Q and six month results:Net loss for the second quarter was $213 million, negatively impacted by a non-cash after tax item of $51 million related to the redelivery of certain vessels.Operating loss (EBIT) for the second quarter was $168 millionâŠ
Anchor Handler Construction: What to Expect as Floating Wind Picks Up
A fleet of newbuild specialized anchor handlers will be required to help build up the emerging floating offshore wind industry. But since the industry is still in its early days, many unknowns have made it difficult for shipyards and their partners to gear up to build this fleet. This article explores complex market demand and technical drivers that help give a better understanding of anchor handlerâŠ
Commercial Fishing on the Great Lakes is a Family Affair
Although the number of fishermen who make a living on the waters of the Great Lakes is much diminished from a half century ago, the region's commercial whitefish fishery continues to be viable and profitable.Henriksen Fisheries is one of about a dozen commercial entities in the Wisconsin waters of Lake Michigan, focused on trap netting whitefish in Green Bay and the waters surrounding the Door Peninsula.CharlieâŠ
Shipbreaking Prices Hit the Summer Doldrums
According to GMS, it has been another intensely inert week in the Indian sub-continent ship recycling markets, with Bangladesh sinking to the bottom of the price-ranking board and neighboring India & Pakistan taking the lead (in terms of pricing and ability to secure unsold tonnage currently on offer).Not only does the Bangladeshi market have a vanishing appetite for vessels, but the lack of L/C and financing approvals also appears to be making local resales just as difficultâŠ
Bollinger Cuts Steel on Prototype Module for First Polar Security Cutter
Bollinger Shipyards this week announced it has begun cutting steel at Bollinger Mississippi Shipbuilding in Pascagoula, Miss. on the first of eight prototype modules that will become the foundation of the first U.S. Coast Guard Polar Security Cutter (PSC), USCGC Polar Sentinel (PSC-1)âthe first heavy icebreaker to be built in the United States in 50 years. "Today marks a significant step for both Bollinger Shipyards and the United StatesâŠ
Mark's Epic Journey: 268 Days 1643 Hours, 6,800 Miles in a Kayak
After 268 days in his kayak, 1643 hours of paddling and a journey of almost 6,800 miles, 65-year-old Mark Fuhrmann has completed his epic âReverse the Badâ charity expedition across Canada and the United States.In doing so, he becomes the first person to solo kayak the âGreater Loopâ circuit, beginning (and ending) in Halifax, Nova Scotia, and traversing the Great Lakes, the Illinois, the MississippiâŠ
The "KISS Principle" & Managing, Measuring Ship Emissions
HydroComp is a well-established, small engineering firm focused on hydrodynamic and propulsion system simulation, providing design tools for engineers and naval architects to focus on vessel performance, including emissions. Don MacPherson, HydroCompâs long-tenured Technical Director, discusses the impacts of tightening emissions regulations, with insights on maximizing new vessel designs and refits.Don, maritime has been in the crosshairs of regulators to reduce emissions.
Last Fugitive Linked to Ferry Disaster Extradited to South Korea
A South Korean businessman wanted for nine years by authorities was extradited from the United States last Friday to face charges linked to one of the country's worst maritime disasters in which over 300 people, mostly children, were killed.Yoo Hyuk-kee was taken into custody on arrival from New York, where he had been fighting extradition to South Korea, where he faces embezzlement charges related to the company that operated the doomed vessel. Last year, the U.S.
China, Philippines' Dispute over Grounded Warship Heats Up
China again asked the Philippines to tow away a grounded warship - a World War Two-era vessel now used as a military outpost - from a disputed shoal on Tuesday, after Manila rejected Beijing's earlier demand.Tensions have soared between the two neighbours over the South China Sea under Philippine President Ferdinand Marcos Jr, with Manila pivoting back to the United States, which supports the SoutheastâŠ
China's July Crude Imports Drop to Lowest Since January
China's crude oil imports in July fell 18.8% from the previous month to the lowest daily rate since January, customs data showed on Tuesday, as major exporters cut back overseas shipments and domestic stocks continued to build. Crude shipments into the world's biggest oil importer in July totaled 43.69 million metric tons, or 10.29 million barrels per day (bpd), the data from the General Administration of Customs showed. June's 12.67 million bpd of imports were the second-highest on record.
RRS Sir David Attenborough Gearing Up for First Antarctic Science Cruise
Britain's high-tech polar research ship RRS Sir David Attenborough is gearing up for its first Antarctic science cruise.Over the coming weeks, the crew and scientists on board the vessel will be carrying out a range of trials to test the ship's science equipment in both deep and shallow water around the Scottish coast. Among the tech to be tested are the vessel's moonpool, coring equipment and the shipâs workboat ErebusâŠ
Lake Michigan Carferry's SS Badger Out for the Season
A historic Great Lakes car and passenger ferry will be sidelined the rest of the season due to damages it suffered in July. Lake Michigan Carferry said Tuesday that the SS Badger's daily crossings between Ludington, Mich., and Manitowoc, Wis., have been suspended indefinitely.âWe have made the difficult, and unfortunately unavoidable, decision to suspend our daily crossings for the remainder of the season,â said Mark W.
Harsh Weather Offshore LNG Terminal Firm Crown to Merge with Catcha
Crown LNG Holdings AS, a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, has agreed to merge with Catcha Investment Corp, a publicly traded special purpose acquisition company, that would result in Crown becoming a U.S. publicly listed company. The combined company, named Crown LNG Holdings Limited (âPubCoâ), intends to apply to list its shares onâŠ