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Kent Young Joins GIT Board of Directors
Canadian marine coatings company Graphite Innovation & Technologies (GIT) announced Kent Young has joined its board of directors.A former senior director of technology for the global supply chain R&D at Sherwin Williams, Young will provide strategic guidance and expertise across a range of areas as GIT scales-up its business. Young’s extensive background in coatings, along with his experience in supply chain…
US Buyer Scoops Pyxis Product Tanker for $40.75 Million
Greek shipping company Pyxis Tankers announced it has agreed to sell the vessel Pyxis Epsilon, a 2015 built 50,295 dwt. product tanker, for a sale price of $40.75…
Product Tanker Newbuild Contracting hits 10-year high
“During the first eight months of 2023, contracting of product tanker newbuilds hit a 10-year high, reaching 140 ships and 10.72 million deadweight tons (DWT). The last time more than 10 million DWT were contracted from January through August was in 2013,” said Niels Rasmussen, Chief Shipping Analyst at BIMCO.Newbuild contracting activity during the past five years has been low at about 5.46 million DWT per year.
Using AI To Advance Engineering Analysis: Not More Data, More Physics
The goal of engineering analysis is to use models of the real world to simulate and predict the performance of a design with confidence, explore design modifications, and inform downstream stakeholders—the owners, builders, operators, and passengers—with knowledge that the design works as intended before it is built. To do so, we need models that characterize the physical world. That is easier said than done, but it underpins much of what we do as engineers.
EU Does Not Extend Ban on Ukraine Grains Imports to Neighboring EU Countries
The European Commission said on Friday that it would not extend a ban on imports of Ukrainian grains into Ukraine's five EU neighbors due to expire on Friday."It has concluded that thanks to the work of the Coordination Platform and to the temporary measures introduced on 2 May 2023, the market distortions in the 5 Member States bordering Ukraine have disappeared," the European Commission said in a statement.Restrictions imposed by the European Union in May allowed Poland…
Furetank and Algoma JV Orders Two More Vessels
Furetank and Algoma Central Corporation announced further expansion of their FureBear joint venture with orders for two additional vessels. The two ships will be constructed at China Merchants Jinling Shipyard in Yangzhou, China, with delivery expected in second and third quarters of 2026.The new order for Vinga series vessels grows the FureBear joint venture to a total of 10 intermediate product tankers under construction, with the first vessel slated for delivery in the first quarter of 2024.
Historic Moment: World's First Green Methanol-Powered Container Vessel Named in Denmark
Ursula von der Leyen, the president of the European Commission, on Thursday named the world’s first-ever container vessel sailing on green methanol.At a ceremony in Copenhagen on September 14, where the Maersk-owned vessel arrived from Ulsan in South Korea, Von Der Leyen acted as the ship's godmother and named the vessel 'Laura Maersk'.The Danish-flagged 172-meter-long vessel has been described as a key milestone for A.P.
Johnson Joins Birdon as Ship Design Director
Spencer Johnson has joined Birdon as the ship design director building on his extensive career in shipbuilding, naval architecture and engineering. Johnson will lead Birdon’s engineering and integrated product teams to deliver 27 vessels to the U.S. Coast Guard for the Waterways Commerce Cutter (WCC) Program.“Spencer’s background leading large ship design and construction projects make him a great fit for Birdon’s team,” said Birdon president, Rob Scott.
AST Harnesses the Power of Connectivity, Digitalization
Latest advances in digital technologies and faster, cheaper connectivity walk hand-in-hand as vessel owners of all sizes aim to cut fuel consumption, cut emissions and increase efficiencies. AST is aiming to do both, offering connectivity plus a suite of productivity solutions courtesy of its new Integrated Remote Asset Management System (IRAMS) solution, as CEO Andrew Peters explains.The maritime industry is often lamented as slow on the uptake of new technologies…
Interview: Dave Lee, Maritime Partners
Dave Lee recently joined Louisiana-based maritime leasing and financing company Maritime Partners as its new vice president of technology and innovation. A well-known figure in the U.S. maritime sector, Lee has previously held leadership positions at ABB, American Commercial Barge Line (ACBL) and Jeffboat. His next task: help guide one of the nation’s leading maritime companies through the next chapter of technological advancement.“Right now…
GMS Debuts Ship Recycling Portal
GMS launched a Ship Recycling Portal digital platform that aims to revolutionize the ship recycling industry by making the sales and purchase of end-of-life vessels more convenient, transparent, and efficient.The Ship Recycling Portal is a specialized vessel auction platform designed to streamline the sale of ships directly to shipyards for recycling. With it, GMS claims, ship recyclers have the flexibility…
US Offshore Wind Projects Seek Looser Subsidy Rules in Fight for Survival
A fleet of U.S. offshore wind projects central to President Joe Biden's climate change agenda may not move forward unless his administration eases requirements for subsidies in the year-old Inflation Reduction Act, according to project developers.Norway's Equinor, France's Engie, Portugal's EDP Renewables, and trade groups representing other developers pursuing U.S. offshore wind projects told Reuters they are pressing officials to rewrite the requirements…
Australia’s Portland to be Renewable Maritime Fuels Hub
Australia’s Victorian Government is backing a new feasibility study that could see Portland become home to one of Australia’s first green shipping fuel production hubs.Minister for Regional Development Harriet Shing announced the new study for a renewable fuel manufacturing hub in the portside city, with A$500,000 invested through the Labor Government’s Portland Diversification Fund.The feasibility…
Samsung Heavy and MISC Develop Floating CO2 Storage Unit
Samsung Heavy Industries has received basic certification for a floating CO2 storage unit (FCSU) from DNV.The FCSU, jointly developed by Samsung Heavy Industries and MISC, is 330 meters long and 64 meters wide, and has a high-pressure tank capacity that can store 100,000 cubic meters of liquefied CO2 at -50 degrees Celsius or less.The injection module mounted on the upper part of the hull secures the ability to send five million tons (MTPA) of CO2 per year to the depths of the seabed.
"You're gonna need a bigger crane..."
Offshore wind turbines are reaching new heights both literally (meters), and figuratively (megawatts). As the demand for larger turbines surges, so do the challenges faced by offshore installation contractors, which need to come up with bigger vessels, and, consequentially, bigger cranes for those vessels.When I took on the assignment to produce a piece focusing on heavy-lifting cranes and deck machinery for OE…
Savage Takes the CTO Seat at Silverstream
Silverstream Technologies appointed Catriona Savage into the newly created position of Chief Technology Officer (CTO). Savage will lead the continued development of the innovative Silverstream System and will further develop the technical centre-of-excellence built by Silverstream Technologies. The new role will lead on Product Development and Application Engineering and all aspects of product quality…
New Product: Robust, Stylish Marine Luminaires
Glamox launched new range of energy-efficient indoor lighting for vessels and offshore installations, with an eye on style.The AL40 LED range of indoor luminaires is specially designed to light the interior of vessels and offshore installations. The luminaires are designed to provide comfortable and glare-free lighting for locations where crew and passengers spend a lot of time. This includes offices, cabin corridors, staircases, crew cabins, control rooms, and the bridge.
Volvo Penta Expands Marine Services in Central America
Volvo Penta announced it has entered into a new partnership with SVF Panama, part of the SVF Group, to support its customers with marine services in Panama and Costa Rica.In recent years, Volvo Penta has steadily expanded its service and support network, partnering with companies that specialize in marine operations to provide technical support, field service, maintenance operations and parts supply…
Insurers Raise Premiums for Black Sea Tankers as Tensions Mount
Insurance companies have notified charterers of ships operating in Russia's Black Sea ports of an increase in additional payments known as "war risk premiums", four traders said.A war risk premium was added to the common insurance costs for tankers last year after the start of Russia's military action in Ukraine, which Moscow calls a special military operation.Military actions in the Black Sea area…
David Clark Company: An American Success Story
David Clark Company is best known within the marine market for its wireless and digital headset workboat crew communication systems – the Series 9900 Wireless Marine Headset System and the Series 9100 Digital Marine Headset System. The company has over 20 years of experience designing and manufacturing boat crew communication solutions for a variety of workboats, e.g., patrol boats, fire/rescue craft…