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Swire Shipping Opens Branch Office in Japan
Swire Shipping commemorated the opening of its new Japan branch office in Tokyo on February 21,2024 with an event at The Palace Hotel in Tokyo, marking Swire Shipping’s official return to Japan with a physical presence.A highlight of the evening was the Kagami-biraki ceremony – the customary breaking open of a sake barrel – a tradition steeped in respect and appreciation. Esteemed long-serving former employees of Swire…
Ship Recycling Market Faces Tonnage Shortage
Global ship recycling markets are now being exclusively driven by the relentless and futile shortage of tonnage that is expected to continue until Spring (at the very least), says cash buyer GMS.“The much-anticipated rebound in global recycling volumes that so many in our industry had been waiting (hoping) for before the turn of the year, has unfortunately failed to materialize.”Markets in Turkey and India remain well off the competitive pace…
Three Questions: Matt Tremblay, VP, Global Offshore Markets, ABS
The American Bureau of Shipping dominates the global market in the classification of Floating Production. Offshore Engineer recently sat with Matt Tremblay, ABS’ Vice President of Global Offshore Markets, at American Bureau of Shipping HQ in Houston for his insights on market drivers and technical trends in this dynamic market.Matt, big picture, how do you see the Floating Production market developing in the coming years?At a macro level…
The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond
2023 was the first year of real recovery for owners in the offshore supply market and yet we have barely skimmed the surface of what’s to come.The market is still on an upward trajectory with charter rates accelerating month-by-month, availability changing day-by-day, leading to earnings doubling and, in some segments, tripling since the lows of 2020. Current rates will remind many of the glory days of pre-2014 with the demand for OSVs projected to remain elevated for years to come.In general…
Biden Executive Order Targets Cybersecurity at US Ports
President Biden on Wednesday signed an Executive Order aiming to strengthen cybersecurity at U.S. ports amid growing threats to America's vital maritime supply chains.The directive bolsters the Department of Homeland Security’s authority to address maritime cyber threats, including through the creation of new standards to ensure the security of networks and systems throughout the nation’s marine transportation system (MTS)…
China Coast Guard Boarded Taiwanese Boat Near Frontline Islands
Chinese coast guard personnel briefly boarded a Taiwanese tourist boat near Taiwan-controlled islands next to China's coast on Monday, the government in Taipei said, in an escalation of tensions after China said it would carry out regular patrols.China announced on Sunday that its coast guard would strengthen law enforcement activity around the Kinmen islands following the death of two Chinese nationals fleeing Taiwan's coast guard having entered into prohibited waters too close to Kinmen, which
GMS: Ship Recycling Market Still Slow
Despite Chinese new year holidays concluding on Friday, a pervading theme of an unrelenting dearth in the overall availability of tonnage across global ship recycling markets has been enduring for several quarters now, says cash buyer, GMS.This has resulted in another dreary week of market inactivity and silence across all recycling destinations.Charter rates continue to remain artificially elevated (especially) in the dry bulk sector…
ONE Announces Asia Pacific 1 Service
Ocean Network Express (ONE) has launched a new route connecting Asia and the US West Coast: Asia Pacific 1 (AP1) as a result of sustained growth of US import volumes from Asia to the US.The AP1 service introduces direct routes from Taipei and Shekou to the U.S. West Coast. The return leg of this service boasts a rapid transit from the U.S. West Coast back to Vietnam, with an expected transit time of 19 days to Haiphong and 22 days to Cai Mep.Subject to applicable regulatory clearance…
ABB to Equip Nexans’ New Cable Layer with Hybrid Power System
ABB has secured an order from Norwegian shipyard Ulstein Verft to supply an advanced power and propulsion system for a new cable-laying vessel (CLV) being built for Nexans.Upon delivery in 2026, the vessel will join Nexans Skagerrak and sister ship Nexans Aurora – also equipped with ABB technology – as the third and most advanced CLV in the Nexans fleet.An integrated system comprising main power generation and distribution…
Marine Power R&D Insights: Matt Hart, Wabtec Corporation
Matt Hart, Manager & Platform Leader, Marine & Stationary Power Systems, Wabtec, offers insights on how the megatrends of decarbonization, energy transition and autonomy all inspire and impact the marine power solutions from Wabtec.Matt, to start us off, can you provide insight on the journey to your present position?I graduated from the University of Notre Dame with an undergraduate in Mechanical…
Carnival Orders Another Cruise Ship from Meyer Werft
German shipbuilder Meyer Werft reports it has secured an order from U.S.-based Carnival Corporation for the construction of a new cruise ship for Carnival Cruise Line. The newbuild order is the first placed by Carnival Corporation in five years.Slated for delivery in 2027, the Excel-class ship will be a sister vessel to the 183,200 GT Carnival Jubilee, which was handed over at the end of 2023."Our…
Wreck of WWII-era Cargo Ship Found in the Great Lakes
The wreck of a World War II-era freighter has been discovered in over 600 feet of water around 35 miles north of Michigan’s Keweenaw Peninsula.Over the last 7 years, shipwreck researcher Dan Fountain has been studying remote sensing data in the search for shipwrecks in Lake Superior. After coming across a particularly deep anomaly, he reached out to the Great Lakes Shipwreck Historical Society (GLSHS) for help in identifying the potential wreck.
OPINION: Seeing the Ship as a System Changes Everything
Shipping must engage with the decarbonization realities that lie ahead by changing the way it crafts maritime legislation to reflect its place in the interconnected, interdependent world economy, says Eero Lehtovaara, ABB Marine & Ports.ABB Marine & Ports Head of Regulatory & Public Affairs, Eero Lehtovaara has carved out an unusual - and possibly unique - role in the maritime industry over recent years…
Spanish Police Seize Eight Tonnes of Cocaine
Spanish police seized eight tonnes of cocaine from Suriname hidden in a container disguised as a power generator in the southern port of Algeciras, tax authorities said on Monday.The haul of cocaine, one of the largest ever intercepted in Spain, was inside a metal structure designed to escape detection from scanners.But customs agents detected a large quantity of stacked goods that practically filled the container…
Future Ships: Picture Perfect
Big data, advanced computers and AI are allowing vessel designers to prepare models that leave essentially nothing to chance.“Lastly, it may be of considerable importance to form from the draught a block model of the vessel from which a still more accurate judgment may be formed of the fitness and beauty of the body. And should any defect be discovered, farther alterations must still be made, till the draught and the model are perfectly approved of.
Altera Hires DOF to Install Voyageur Spirit FPSO Offshore Ivory Coast
Altera Infrastructure has hired DOF to install Voyageur Spirit floating production, storage and offloading (FPSO) unit as well as one floating storage unit (FSO) at Eni-operated Baleine oil field offshore Ivory Coast.The project includes the complete installation of seabed mooring systems, flowline between the FSO – a converted shuttle tanker Nordic Brasilia - and the Voyageur Spirit FPSO, along with…
Pilot Miscue Caused Barging Collision on the Mississippi River -NTSB
A towing vessel pilot incorrectly recalling the agreed-upon passing arrangement led to tows colliding last year in the Mississippi River, the National Transportation Safety Board (NTSB) said Thursday.According to the Inland Navigation Rules, when two vessels are meeting or crossing, each vessel shall signal its maneuvering intentions by using the vessel’s whistle or VHF radio. About 20 minutes before the 19-barge Big D tow and 42-barge Carol McManus tow met at the bend near Fort Adams…
Insights: Blake Powell, JMS Naval Architects
Blake Powell, president at JMS Naval Architects, discusses his career, company and latest trends in naval architecture and marine engineering.Please give a brief professional bio, including education, experience and overview of current duties as president of JMS Naval Architects.I earned my degree in Naval Architecture from the University of California, Berkeley where I attended on a Navy ROTC scholarship and was commissioned as a Diving and Salvage Officer after I graduated.
Container Market Growth Modest in 2023
In 2023, the container market grew 0.2% year-on-year, ending at 173.8 million TEU. Compared to 2019, before the COVID pandemic hit, the market grew 1.5%.“Container market growth has lagged behind overall economic development significantly, as the world economy has grown 10% since 2019,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Highlighting the challenge for liner operators, the container fleet capacity in 2023 grew 21% vs 2019 and 8% vs 2022.
Australian Welfare Organizations Call for Suspension of Live Animal Exports
The Australian Alliance for Animals has written an open letter to animal exporters imploring them to voluntarily suspend all live animal exports to or through the Red Sea while the risk of attack remains and to suspend any extended journeys to the Middle East via the Cape of Good Hope.The move follows the recently aborted voyage of the Bahijah. The livestock carrier sailed from Australia for Israel…