Japanese Partners Developing Method to Assess Ship Performance in Actual Seas
NYK and Japan Marine United Corporation (JMU) have joined forces to develop a method for estimating a shipâs performance in actual seas before construction is completed.The aim of the two companies is predict a vessel's performance in actual seas before the conclusion of a shipbuilding contract and aid in the reduction of GHG emissions by procuring highly fuel-efficient vessels.In conventional shipbuilding contracts, the guaranteed speed is set and agreed based on the relationship between the ship's speed and horsepower in calm watersâŠ
New Tug Delivered to Mongla Port Authority
The Mongla Port Authority in Bangladesh has taken delivery of its new tug, M.T. Joymoni.The newbuild is a RAmparts 3200-CL designed by Canada's Robert Allan Ltd. and built by Cheoy Lee Shipyards, in China.The RAmparts 3200-CL was designed by Robert Allan Ltd. in 2008 exclusively for Cheoy Lee Shipyards, with the first tug, Ocean Pioneer, delivered to Ocean Sparkle in India in 2011. Based on the RAmparts series, the hull form was developed to provide a high performance, multi-function tug in a shallow draft configuration, with bollard pull of up to 85 tonnes, the designer said.M.T.
Fincantieri Scoops $1.27B Deal to Supply Two Patrol Vessels to Indonesia
Fincantieri and the Indonesian Ministry of Defense have signed a contract for the supply of two Multipurpose Offshore Patrol Vessel (PPA) units.The $1.27 billion (âŹ1.18 billion) deal is part of the framework of collaborative relations initiated by the Italian Ministry of Defense.A PPA is a highly flexible ship with an outstanding technological standard. It has the capacity to serve multiple functions, ranging from patrol with sea rescue capacity to Civil Protection operations and first line fighting vessel.The vessels to be supplied by Fincantieri will be 143 meters long overallâŠ
Safety of Livestock Carriers Questioned
The German animal welfare organization Animal Welfare Foundation and the French environmental organization Robin des Bois have published a report on the safety risks associated with livestock carriers trading from the European Union. This snapshot of the fleet follows one produced by the organizations three years ago.Currently, 64 livestock carriers are permitted to load European animals on EU-ports to then export them to third countries. The report states that nearly half ofâŠ
Recruiter to Cooperate in Deal with Workers Suing Major US Shipbuilders
A maritime industry recruiter has agreed to work with plaintiffs and share worker compensation data in a lawsuit accusing major U.S. shipbuilders of limiting employee mobility, marking the first settlement in the case.Attorneys for a proposed class of engineers and architects suing General Dynamics, Huntington Ingalls Industries and other companies disclosed the settlement with Faststream Recruitment on Tuesday in Alexandria, Virginia federal court.The October lawsuit said the shipbuilders violated U.S.
Brazilian Built Submarine with French Tech Launched
The presidents of France and Brazil on Wednesday launched a submarine built in the South American country with French technology in a program that aims to build Brazil's first nuclear-powered submarine by the end of the decade.Presidents Emmanuel Macron and Luiz Inacio Lula da Silva attended a ceremony in the Itaguai shipyard near Rio de Janeiro, launching the third diesel-powered submarine built in a $10 billion partnership.Brazil first lady Janja da Silva smashed a champagneâŠ
Aloha Marine Lines Launches New Barge Built by Gunderson
Aloha Marine Lines has added a new barge to its fleet to serve customers in the Seattle to Hawaii trade lane.The Makani Loa was constructed at Gunderson Marine & Iron in Portland, Ore., and launched on March 2 as a sister to the Kamakani and Namakani, which were added to the Aloha fleet in 2020. Together, they represent Aloha Marine Linesâ family of Makani Class barges that will continue to maintain regular, bi-weekly barge service between Seattle and Hawaii.Designed by Hockema Group, Inc., the Makani Class barges are 438 feet long, 105 feet wide with a deadweight capacity of 16,900 tons.
Austal Vietnam to Build RoPax Vessel for The Degage Group
Austal Limited announced Austal Vietnam has been awarded a contract to design and construct a 71-meter roll-on-roll-off (RORO) passenger cargo vessel for The Degage Group of French Polynesia.The new steel monohull ferry design includes an aluminium superstructure accommodating up to 140 seated passengers and 17 crew, and features a main cargo deck area of 494 square meters; capable of transporting a combination of 10- and 20-foot containers, palletized cargo and vehicles.With a cruising speed of 12 knots and a range of 1âŠ
St. Johns Ship Building to Build Six Deck Barges for Seapath
St. Johns Ship Building on Wednesday announced it has signed a contract with Seapath for construction of a series of six ABS deck barges in support of their Jones Act leasing business.The barges will be built at St Johns Ship Buildingâs facility in Palatka, Fla. and will be dispatched to multiple charterers along the US East Coast.Seapath is a subsidiary of the Libra Group, which is also parent to St. Johnsâ holding company, Americraft Marine Group.Joshua Lubarsky, CEO of Seapath, said, âDomestic maritime transportation is the backbone of the US transportation system.
New High-speed Vessel Joins the San Francisco Bay Ferry Fleet
The latest newbuild for the San Francisco Bay Ferry fleet has been commissioned. The high-speed passenger vessel Delphinus was built by Mavrik Marine in La Conner, Wash. as the second of four new Dorado class ferries. Design was completed by One2three Naval Architects and construction management services were provided by Aurora Marine Design.Vessel construction was funded through the Federal Transit Administration and the State of Californiaâs Proposition 1B in collaboration withâŠ
Seaspan Awarded Contracts for Canadian Coast Guardâs Multi-Purpose Vessels
The Canadian government on Tuesday announced it has awarded a pair of contracts to Seaspanâs Vancouver Shipyards Co. Ltd. (VSY) to initiate the next stages of procuring the first flight of Multi-Purpose Vessels (MPV) for the Canadian Coast Guard (CCG).These contracts, which are worth $490.6 million combined (taxes included), following completion of the vesselâs basic design review in late 2023 and allow VSY to undertake pre-construction work, such as selecting specific pieces of equipmentâŠ
Carnival Orders Excel-class Cruise Ship
Fresh on the heels of its first newbuild order in five years, the world's largest cruise company has placed an order for an additional vessel.U.S.-based Carnival Corporation on Tuesday announced it has signed an agreement with German shipbuilder Meyer Werft to build an Excel-class cruise ship for its Carnival Cruise Line brand for expected delivery in 2028.The ship will be the 11th Excel-class ship for the corporation's fleet across four of its brands, and the fifth to be sailed by Carnival Cruise Line.
Davie Awarded Contract for Canadian Icebreaker Design
The Canadian government has awarded a contract to shipbuilder Chantier Davie Canada Inc. of Lévis, Quebec, for initial work related to the construction of new Program Icebreakers. Under this $19.6-million contract including taxes, Davie will begin work to develop the initial design.A series of six new Program Icebreakers is planned to replace the Canadian Coast Guardâs (CCG) medium icebreakers that operate in Atlantic Canada and the St. Lawrence waterways during the winter, and in the Arctic during the summer.This contract enables the shipyard to initiate project planning phasesâŠ
Roll Group Cuts Steel on Roll Barge One
Roll Group has cut steel for its latest addition, Roll Barge One, in Batam, Indonesia. Scheduled for delivery by ASL Yards in the third quarter of 2024, this marks Roll Group's entry into the barge market with its own assets."This is a new milestone in the history of our company," said Peter Rondhuis, CEO of Roll Group. "By entering the barge market with our own assets, where we have been servicing our clients so far with rented barges, we're aligning with our strategic vision. Roll Barge One represents the first of many we plan to build.
Fincantieri to Open Support Facility in Everett
This spring, Fincantieri Marine Repair (FMR) is expanding its presence to the Port of Everett with a new facility to support U.S. Navy assets.On March 12, the Port of Everett Commission unanimously approved a new one-year lease to establish an FMR office at the Portâs Marina Village at Waterfront Place.The U.S. Navy plans to homeport up to 12 new Constellation-class guided-missile frigates at Naval Station Everett, adjacent to the Port of Everettâs international Seaport. The FMRâŠ
Stena RoRo Explores Methanol Retrofits
Stena RoRo and Caterpillar Motoren have signed a memorandum of understanding (MoU) to promote the use of methanol as fuel on board MaK-powered E-flexer class ferries.The partners will work together to explore alternative fuel solutions to reduce CO2 emissions from ferry operations. This includes the development and feasibility of converting MaK-powered ferries from diesel to methanol. An initial pilot project involves a Stena ferry equipped with VM 43 C MaK engines.Methanol is among a number of fuels being explored as an option to help the maritime industry reduce its environmental footprint.
Fourth CTV Launched for WindServe Marine
Senesco Marine held a launch and christening ceremony for WindServe Marine's new Jones-Act-compliant crew transfer vessel (CTV), WindServe Explorer.WindServe Marine, a sister company to the North Kingstown, R.I. shipbuilderâboth part of the Reinauer Groupâwill operate the CTV to serve the U.S. offshore wind industry. The vessel is slated to enter operations at a project in the U.S. Northeast.The BMT-designed aluminum catamaran is 27 meters long with a 9-meter beam and 1.7-meter draft.
New CTV Ordered for Polish Offshore Wind Sector
Singaporean shipbuilder Strategic Marine reports it has secured an order to construct a newbuild crew transfer vessel (CTV) for the Polish offshore wind sector.The order comes from LOTOS Petrobaltic S.A., an ORLEN Group company, and will see the new vesselâa BMT-designed StratCat 27âdelivered to Europe in September of this year.This CTV will join the fleet managed by Miliana Shipmanagement Limited, owned by the LOTOS Petrobaltic capital group, which owns five offshore vessels.
Eni, Fincantieri, RINA Team for Decarb Initiatives
Eni, Fincantieri and RINA signed an agreement to develop joint initiatives for the energy transition. The partnership formalizes the commitment to develop joint projects, in line with the partners' strategies, to decarbonize the maritime sector in the medium to long term with the goal of Net Zero by 2050. Additionally, the establishment of a permanent global observatory regarding future technological, regulatory, and market developments will be evaluated.The three companies willâŠ
Accelleron, Furuno in MoU on "Digital Cooperation"
Accelleronâs Japanese joint venture company Turbo Systems United signed a memorandum of understanding (MoU) with Furuno to cooperate in digital activities. The agreement, the first of its kind for the Accelleron group in Japan, is aimed at improving access to optimization solutions and digitally enabled services.
Surface Effect Ship Designed for Crew Transfer Vessels
ESNA and Strategic Marine have signed an agreement to develop a SES CTV (Surface Effect Ship Crew Transfer Vessel) for offshore wind applications.According to Wikipedia, a surface effect ship or sidewall hovercraft is a watercraft that has both an air cushion, like a hovercraft, and twin hulls, like a catamaran.The vessel type offers the combination of higher speed, increased operational wave height and reduced fuel oil consumption.The plan is to start building the first offshoreâŠ
Provaris Energy Begins Fabrication of Prototype Compressed Hydrogen Tank
Provaris Energy's prototype compressed hydrogen tank is now under construction, and final class approval is on track for completion in the June 2024 quarter.The proprietary tank design, which utilizes carbon steel plates and an inner liner, is part of the companyâs hydrogen carrying vessel design.Awarded to Prodtex and partnered with SINTEF, the tank production project is designed for hydrogen storage and transportation. âThe optimized design of the full-scale H2Neo carrier and containment tanks delivers substantial CAPEX and OPEX savings.
Scarcity of Ship Recycling Tonnage Continues
Despite the occasional smaller LDT candidate popping up for sale over recent weeks, there regrettably remains the ongoing scarcity of tonnage that is simply unable to fill the most basic of demands at the major ship-recycling destinations, reports cash buyer GMS.âAs plots across Indian sub-continent markets gradually recycle through their respective shares of vessel deliveries through the first quarter of 2024, both Bangladeshi and Pakistani markets remain well-positioned despite the onset of the traditionally quieter month of RamadanâŠ
QatarEnergy Charters 25 Nakilat LNG Carriers
QatarEnergy signed time-charter party (TCP) agreements with Qatar Gas Transport Company (Nakilat) for the operation of 25 conventional-size LNG vessels as part of the second shipowner tender under QatarEnergyâs LNG fleet expansion program.Seventeen of the 25 LNG vessels are being built at the Hyundai Heavy Industries (HHI) shipyards in South Korea, while the remaining eight are being built at Hanwha Ocean, also in South Korea.These agreements firm up last monthâs selection ofâŠ
Sanmar Delivers Compact Harbor Tug to Port of Bayonne
Sanmar has delivered a compact RAscal 1500 ASD tug to CCI Bayonne Pays Basque, which manages the Port of Bayonne in France.Based on the RAscal 1500 design series from Canadian naval architects Robert Allan Ltd, Göksu V is 14.95 meters long with a molded breadth of 8.3 meters and a least molded depth and navigational draft of 3 meters. It can achieve 16 tons of bollard pull and a speed of 10 knots.Göksu V is an ASD tug that has been specifically designed and developed for ship-handling in modern, but typically smaller harbor and port operations.
Itochu, U-Ming Mull Ammonia-Fueled Ships
Japanese trading house Itochu Corp will study joint ownership and operation of ammonia-fueled ships with Taiwan's U-Ming Marine Transport Corp, Itochu said in a statement, as Japan is bets on ammonia to cut emissions.The shipping industry transports about 90% of world trade, and accounts for nearly 3% of the world's carbon dioxide emissions; and installing ship engines that burn cleaner fuels could help slow global warming trends.The IMO has set a target of net-zero greenhouse gas emissions by around 2050âŠ
Red Sea Attacks Temporarily Increase Demand for Ships
The BIMCO Container Shipping Market Overview & Outlook for March 2024 has been published, and Niels Rasmussen, BIMCOâs Chief Shipping Analyst, highlights that ship supply is expected to grow on average 9.1% in 2024 and 4.1% in 2025.Rerouting via Cape of Good Hope is assumed to impact the first half of 2024. Ship demand increases an estimated 9.5% in 2024 and falls 0.5% in 2025. The supply/demand balance is expected to tighten in the first half of 2024 but then weaken when ships can return to the Suez Canal routing.According to the IMFâŠ
Bollinger Lays Keel for USNS Muscogee Creek Nation
Bollinger Shipyards announced it has laid the keel for the future USNS Muscogee Creek Nation at its yard in Houma, La.The vessel is the 10th Navajo-class Towing, Salvage and Rescue Ship (T-ATS) and the fifth T-ATS vessel being constructed by Bollinger since acquiring the program in April of 2021.The keel authenticators were the Hon. David W. Hill, Principal Chief of the Muscogee Creek Nation, the Hon. Geri Wisner, Attorney General of the Muscogee Creek Nation and ship sponsorâŠ
Fiji to Sign Ports Deal with Australia in Shipbuilding Boost
Fiji will strike a deal with Australia to upgrade ports and shipbuilding infrastructure, months after its prime minister said it was likely to partner with China on the project, the government of the Pacific Islands nation said on Thursday.Fiji's government said its cabinet had agreed to enter into a memorandum of understanding with Australia for the project, after Australia committed to financing."The revival of the shipbuilding industry in Fiji has been articulated as a key priorityâŠ
Rem Offshore Places Order for Next-Gen Subsea Construction Vessel
Norway-based offshore vessel owner Rem Offshore and shipbuilder Myklebust Verft have signed a contract for the construction of an Energy Subsea Construction Vessel (ESCV) with a 250-tonne crane.The vessel will be delivered in 2026 and will be the first of its kind that can perform heavy construction work in both offshore wind and subsea with net zero emissions, according to Rem Offshore.The contract also contains an option to build one more vessel, the company confirmed.The vessel will be equipped with dual-fuel methanol engines in combination with battery packs.
Meyer Werft Lays Keel for Next Disney Cruise Line Ship
The construction of the next cruise ship for Disney Cruise Line has reached another milestone: assembly of the ship's hull began today with the traditional keel-laying ceremony. The ship is the sister ship of the Disney Treasure, which is also under construction, and the Disney Wish, which launched in 2022.The keel was laid in the 504-meter-long covered building dock at Meyer Werft in Germany. Philip Gennotte, portfolio project management executive, Walt Disney Imagineering GermanyâŠ
SFL Acquires LR2 Product Tanker Trio
Shipowner SFL Corporation on Wednesday announced it has agreed to acquire three new LR2 product tankers in combination with long term time charters to an energy and commodities company.The vessels are currently under construction in China, with the latest eco-design features, SFL said, noting the sellers are affiliates of the companyâs largest shareholder Hemen Holding Ltd.SFL said it will acquire the three ships for an aggregate purchase price of approximately $230 million, inâŠ
DNV and Ocean Sovereign Ink Deal on Fish Farming Superyacht
DNV has teamed up with Ocean Sovereign to obtain French registration for the deployment of a unique fish farming superyacht.Ocean Arkâs patented advanced self-cleaning trimaran superstructure was developed by Ocean Sovereign according to MARPOL, SOLAS and IMO regulations. The vessel is designed to operate in high offshore waters, drifting with the natural current and natural fish shoals. The mobile nature of Ocean Ark will help to ensure the health and welfare of the fish andâŠ
Derecktor Building Hybrid Ferries for Chatham Area Transit
Derecktor Shipyards New York is building a pair of hybrid ferries for Savannah, Ga. based Chatham Area Transit (CAT). Delivery is expected in 2024.The two 65-foot-long, 50-passenger ferries will be equipped with an electric propulsion package from BAE Systems, including permanent magnet traction motors and HybriGen Power system. Each vessel will feature a 308 kWh energy storage system (ESS) from Xalt Energy and a pair of Marine Jet Power (MJP) Ultrajet 305 waterjets.The ferries are being built to operate on shortâŠ
US Navy Secretary Meets with Ship Repair Execs
The United States' Secretary of the Navy, Carlos Del Toro, on Monday hosted executives from major ship repair companies at the Pentagon for a roundtable discussion focused on surface ship repair and modernization initiatives.Navy and Marine Corps leaders have expressed that repair process improvements are critical to meeting the needs of worldwide combatant commanders.âThe maritime industry is a strategic sector critical to our economic and national security,â said Secretary Del Toro.
Bollinger Delivers Fast Response Cutter David Duren
Bollinger Shipyards recently delivered the USCGC David Duren to the U.S. Coast Guard in Key West, Fla. This is the 182nd vessel Bollinger has delivered to the U.S. Coast Guard over a 35-year period and the 56th Fast Response Cutter (FRC) delivered under the current program.âWeâre incredibly proud to deliver the USCGC David Duren, the first of three Fast Response Cutters to be homeported in Astoria, Oregon,â said Bollinger President & CEO Ben Bordelon. âWeâre confident that pound for poundâŠ
Master Boat Builders Delivers Tug for Seaside LNG/Polaris New Energy
Coden, Ala. shipbuilder Master Boat Builders on Monday announced it has delivered Tortuga, the latest tugboat to join Seaside LNG/Polaris New Energy fleet.Tortuga will connect with the barge Clean Everglades, delivered from Fincantieri Bay Shipbuilding in 2023, to form a Jones Act compliant articulated tug and barge (ATB) for bunkering liquefied natural gas (LNG).The new tug has an overall length of 109 feet and features two Caterpillar 3512E main engines, EPA Tier 4 certified and each producing 2,000 horsepower.
Vestdavit Hits New Sales Record as Orders Increase 76% From Last Year
Norwegian davit supplier Vestdavit has notched up a new annual sales record for another consecutive year after seeing its order intake surge by 76% in 2023 on high demand from the offshore wind and oil and gas sectors, as well as increased sales in its core naval market.Vestdavit has expanded its market position in offshore wind after both gaining new customers and winning repeat orders with existing clients, including Esvagt and Rem Offshore, with orders in this sector accounting for more than $9.4 million (NOK 100 million)âŠ
Siemens and NVIDIA to Build Industrial Metaverse
Siemens is bringing immersive visualization powered by new NVIDIA Omniverse Cloud APIs to the Siemens Xcelerator platform, driving increased use of AI-driven digital twin technology and creating an industrial metaverse.âWe will revolutionize how products and experiences are designed, manufactured and serviced. On the path to the industrial metaverse, this next generation of industrial software enables customers to experience products as they would in the real world: in contextâŠ
Bangladesh and Pakistan Ship Recycling Markets Remain Steady
With the conclusion of week 11, the ongoing and seemingly endless dearth in the supply of viable candidates has been mercifully keeping the Bangladeshi and Pakistani ship recycling markets steady, reports cash buyer GMS.âOn the other hand, the Turkish and Indian markets continue to endure their respective shares of a notably trying time, given that the Turkish Lira continues to plummet even amidst a mercifully quieter week (on account of Ramadan).âGMS says: âIndia continues to endure its share of nerve-racking volatility in local steel plate prices as well as the Indian RupeeâŠ
New Electric Ferry Service Launching in Halifax
A new environmentally friendly electric ferry service is planned to launch in Halifax, Canada.The province of Nova Scotia, along with the federal government and Halifax Regional Municipality, announced on March 4 a joint investment to build the Mill Cove Ferry Service, which will include five fully electric ferries, two terminals and a maintenance facility. All-electric propulsion, which slashes vessel emissions, noise and vibration, has been taking off in the ferry industry as the operational profile for these vesselsâoften including frequentâŠ
Strategic Marine Delivers Crewboat for Truth Maritime Services
Singaporean aluminum boat builder Strategic Marine recently delivered TMS Ranod, the first of two Gen 4 Fast Crew Boats to growing Thai offshore services provider Truth Maritime Services (TMS). The pair of newbuild contracts were signed in 2023.Strategic Marine launched the 42m Gen 4 FCB design in collaboration with Southerly Designs, and the vessel comes with a highly efficient new hull form and Z-bow which improves seakeeping and requires less power for the same speed and deadweight tonnageâŠ
Steiner Shipyard Launches Newbuild for Maine State Ferry Service
Bayou la Batre, Ala. shipbuilder Steiner Shipyard reports it has launched a new ferry it is building for the Maine Department of Transportation.The 104-foot passenger/vehicle ferry, named Charles Norman Shay, is designed by Gilbert Associates and is scheduled to be delivered in the near future.Once completed, the brand-new vessel will service the Maine State Ferry Serviceâs (MSFS) longest route, between Rockland and Matinicus Island (23 miles). It will provide the necessary upgrade to the ferry service that transports nearly 500âŠ
Gondan Cuts First Steel for New USV for Major Industry Alliance
Spain-based Gondan Shipbuilders has started the construction of an advanced remotely operated unmanned surface vehicle (USV) for a company made up of DeepOcean, Solstad and Østensjø Rederi alliance called USV A/S.The project focuses on improving subsea operations, targeting a reduction of CO2 emissions by more than 90% compared to conventional methods.The new USV will be used for underwater maintenance and inspection missions.Designed by Salt Ship Design, the vessel will feature a hybrid diesel-electric propulsion systemâŠ
GE Vernova Notches Singapore Navy Win
GE Vernovaâs Power Conversion business was awarded a contract by Singapore shipbuilder ST Engineering Marine Limited to supply its Shipâs Electric Grid with Integrated Full Electric Propulsion (IFEP) equipment for the Republic of Singapore Navyâs six-ship Multi-Role Combat Vessel (MRCV) program.The six MRCVs will be the first IFEP-powered vessels for the Republic of Singapore Navy (RSN) and will replace its fleet of mechanical drive Victory-class missile corvettes, which have been in service since 1989. Delivery of the electric propulsion systems for the new ships is planned over the next 10 years.GE Vernovaâs Shipâs Electric Grid includes all generatorsâŠ
Esvagt Picks Brunvoll Propulsion for New SOV
Norwegian firm Brunvoll has been selected as a supplier of the propulsion and maneuvering system for one of Esvagtâs new offshore wind service operation vessels (SOV).Esvagtâs new SOV will be controlled by Brunvollâs propulsion and thruster control system, BruCon PTC.The vessel will be outfitted with two azimuth propulsion thrusters, two retractable azimuth thrusters, and a tunnel thruster.Once completed, the new vessel will enter operation for Vestas on the Hollandse Kust West VI wind farm in the North Sea. The wind farm will feature 54 wind turbines and can deliver 760 MW.
Ferry Destined for Scottish Islands Launched by Cemre
The MV Isle of Islay, the first of two vessels to serve the islands of Islay and Jura in Scotland, has been launched at Cemre Marin Endustri shipyard in Turkey.The vessel, which is one of four ferries being built at the yard, marks a significant milestone in Caledonian Maritime Assets Limitedâs (CMAL) commitment to delivering new ferries to serve the Scottish islands.Scheduled for delivery in October 2024, the vessel will have capacity for up to 450 passengers and 100 cars, or 14 commercial vehicles.
Launch Ceremony Held for A-O-S' New Jones Act CTV Gripper
An official launch ceremony was held to celebrate the commissioning of a new Jones Act compliant crew transfer vessel (CTV) built for American Offshore Services (A-O-S)âthe company's first.Constructed by Blount Boats in Warren, R.I., the 100-foot-long aluminum catamaran is owned and operated by A-O-S, a joint venture formed in 2020 by leading European CTV operator Northern Offshore Services (N-O-S) and U.S.-based investment firm OIC.The vessel will support Ørsted and Eversourceâs portfolio of offshore wind farms in the NortheastâŠ
Sanmar Delivers Its Sixth ElectRA Tugboat to Norwegian Operator
Turkish shipbuilder Sanmar has delivered the sixth electric power tugboat from its ElectRA series to Norwegian operator Buksér og Berging.Named BB ELECTRA by its new owners, the tug will be based at the Port of Oslo.It boasts exclusive-to-Sanmar ElectRA 2200 SX design from Canadian naval architects Robert Allan, and represents the eighth tug that Sanmar has delivered to Buksér og Berging.With an overall length of 22.2 meters excluding fenders, molded breadth of 10.84 meters and least molded depth of 4.4 meters, BB ELECTRA has 1.718 kWh of battery power.
NIB to Co-Finance Norledâs Vessels and Infrastructure in Norway
Nordic Investment Bank (NIB) has signed a seven-year loan to co-finance ferry operator Norled ASâ investments in zero and low carbon vessels and related land-based infrastructure in Norway during 2024-2030.The InvestEU program supports the loan under NIBs Framework Operation Green Mobility and Transport approved by the Investment Committee.This NOK 500 million (EUR 43.4 million) loan will help Norled finance the extension of its low-carbon fleet. This is NIBâs first InvestEU loan in Norway.Norway is electrifying its transport network at a rapid paceâŠ
Conrad to Build Another US Navy Berthing Barge
U.S. Naval Sea Systems Command has exercised an option with Conrad Shipyard to build another Yard, Repair, Berthing, and Messing (YRBM) barge.The award is a $18,484,619 firm-fixed-price modification to a previously awarded contract for the detail design and construction and includes exercise of a design changes option.Work will be performed in Amelia, La., and is expected to be completed by June 2025. The new barge will be delivered to Norfolk, Va.The YRBM barge is an ABS A1 Accommodation Barge with a 151â-4â x 49â-4â x 14â footprint.
NYK and Astomos Energy Christen New Jointly-Owned Dual-Fuel LPG Carrier
As their first jointly owned liquefied petroleum gas (LPG) carrier in 21 years, NYK and Astomos Energy have named the new vessel Gas Garnet.The companies held a naming ceremony at the Sakaide Works of Kawasaki Heavy Industries on March 1, 2024.The 86,953 m3 capacity vessel was christened Gas Garnet by Yoshihito Takahashi, senior executive officer of Astomos Energy. This is the first jointly owned LPG vessel by the companies after they shared ownership of Gas Capricorn from 2003.The vessel has a breadth of 37.2 metersâŠ
Ships Above 12,000 TEU Drive 100% Increase in Average Ship Size
Since 2006, the average container ship has doubled in size to 4,580 TEU and ships with a capacity of more than 12,000 TEU has accounted for 51% of the fleetâs capacity expansion. Today, just 626 ships provide 36% of the fleetâs capacity, and the trend is set to continue as the large ships dominate the order book, says Niels Rasmussen, Chief Shipping Analyst at BIMCO.When the Emma Maersk was delivered in August 2006, the ship was by far the largest container ship in the world. It is 400 metres long, 56 metres wide and has a capacity of about 17,800 (14,000 TEU when delivered).
Keel Laid for Finnish Border Guardâs New Patrol Vessel
The Finnish Border Guard has held a keel laying ceremony for its new patrol vessel at Baltic Operator's shipyard in Gdansk.On March 12, 2024, a keel laying ceremony was arranged at Baltic Operatorâs shipyard in Gdansk. The ceremony took place in the presence of the representatives of the Finnish Border Guard, Meyer Turku, Baltic Operator and Bureau Veritas.The keel laying ceremony is an old tradition. Before the keel laying, the ordering party - the Finnish Border Guard - and the shipyardâs representative placed their lucky coins under the keel beneath the first block.Later onâŠ
MOL Takes Delivery of LNG-Powered Cerulean ACE Car Carrier
Mitsui O.S.K. Lines (MOL) has taken delivery of the LNG-fueled car carrier Cerulean ACE, built by Japanese shipyard Shin Kurushima Dockyard.The LNG-powered car carrier Cerulean Ace features an aerodynamics design - beveled top of bow - that reduces wind resistance by 20%, according to MOL.The breadth of the vessels was widened from 32 to 38 meters. The capacity has also been increased from about 6,400 to about 7,000 vehicles.The CERULEAN ACE is the 100th vessel MOL has ordered from the Shin Kurushima Dockyard Group.The vessel will transport carsâŠ
Jayson Robinson Named VP of Vigor Fabrication
Jayson Robinson has been named Vigorâs Vice President of Fabrication, taking the helm of the complex and marine fabrication divisions with facilities in Clackamas and Portland, Ore., as well as Vancouver, Wash. Robinson joined Vigor, a Titan company, as the director of quality in 2018 and has been serving as the assistant vice president since last fall.âJayson has been a key part of several highly-successful projects at Vigor during his tenure,â said Titan CEO Jim Marcotuli. âHis leadership and expertise will be critical as we enter a period of potential growth for this part of our business.
Cosco Shipping Enhances Safety with Iridium GMDSS
Iridium Communications has announced Cosco Shipping (CSSC), the world's largest fleet of commercial vessels with 1,417 ships, has begun installation of Iridium® Global Maritime Distress and Safety System (GMDSS) terminals.The recent installation of the Lars Thrane LT-3100S terminal on the Cosco Tengfei is a testament to CSSC always prioritizing the safety of its crew, ships, and cargo, says Iridium.The Cosco Tengfei is a modern pure car and truck carrier (PCTC) vessel capable of transporting up to 5,000 vehicles.
Concordia Damen Contracted to Deliver CDS2410 River Pusher
Uruguayan shipowner and operator TFF has contracted Dutch inland shipping construction yard Concordia Damen to build a CDS2410 Shallow Draft River Pusher (2.500 HP) to expand its fleet of pushboats. TFF will use the pusher for transporting cellulose pulp from Fray Bentos to the port of Nueva Palmira.Concordia Damen has thoroughly researched the river characteristics in the region in relation to the desired operational profile of the vessel. Based on this its engineers designed the most efficient pusher considering local conditions. This resulted in a proven low draft push boat design.
US Unions ask Biden Administration to Probe Chinese Shipbuilding
Five U.S. labor unions on Tuesday filed a petition with the office of U.S. Trade Representative Katherine Tai requesting a probe into China's alleged unfair policies and practices in the maritime logistics and shipbuilding sectors, the USTR office said.The petition was filed under Section 301 of the Trade Act of 1974, a statute aimed at combating trade partners' unfair practices.Trade practices are only one component of strains in U.S.-China relations in recent years. Other contentious issues include TaiwanâŠ
Huisman to Supply Two Subsea Cranes for Toyoâs New Cable Layer
Dutch company Huisman has secured a contract to supply two subsea cranes for Toyo Constructionâs new cable laying vessel (CLV), being built by Norwegian shipbuilder Vard.The contract Huisman signed with Vard is for the delivery of full electric 250 mt Hybrid Boom Subsea Crane, and a 100 mt Knuckle Boom Crane that will be integrated into Toyoâs CLV newbuild.The purpose-built VARD 9 15 design is expected to advance capabilities for cable-laying and turbine foundation installation works in the Japanese offshore wind sector.Designed to meet the specific Toyoâs requirements and preferences of ToyoâŠ
Sanmar Launches First Emissions-Free ElectRA Tug for Its Own Fleet
Turkish shipbuilder Sanmar has launched electric battery-powered ElectRA tug for its own fleet, which will provide towage, ship assistance and escorting services at six ports around Turkiye.ElectRA will be the seventh electric battery tug delivered from Sanmar Shipyards within a year, five of which are already operating in Vancouver in Canada, while the sixth is currently being delivered to Norway.Based on the ElectRA 2300SX design from Canadian naval architects Robert Allan LtdâŠ
Norwayâs BOA Group Orders Two Damen Tugs
Dutch shipbuilding conglomerate Damen Shipyards Group announced it has signed a contract with BOA Group for two ASD Tugs 3010 ICE. Due to Damenâs practice of constructing vessels in series for stock, the tugs were already under construction at the time of order and will be delivered later this year.BOAâs fleet consists of specialized offshore vessels, semi-submersible barges and harbor tugs. The order for these two Damen tugs is a part of the Norwegian companyâs strategic fleetâŠ
Babcock Delivers Refitted HMS St. Albans to Royal Navy Ahead of Schedule
Defense company Babcock International has delivered Type 23 frigate HMS St. Albans back to the Royal Navy for sea trials three months ahead of the planned schedule, following a refit operation.Once the current sea trials are completed, HMS St. Albans, with her 178-strong crew, will return to sea as the most advanced, equipped, and capable Type 23 frigate in the Royal Navyâs fleet, boasting next-generation weapons systems and radar, according to Babcock.During her time in dockâŠ
Vard to Deliver Tailor-Made Offshore Wind CSOV for Norwind Offshore
Norwegian shipbuilder Vard has secured a contract for the design and construction of one tailor-made offshore wind commissioning service operation vessel (CSOV) for Norwind Offshore, with options for two additional vessels.Vard signed the contract with Navigare Capital Partners, a shareholder in Norwind Offshore.The new CSOV vessel, scheduled for delivery in the first quarter of 2026, is of VARD 4 19 design, developed by Vard Design in Ålesund in close collaboration with Norwind Offshore.The hull will be built in Vard Shipyards Romania â Braila and the outfittingâŠ
Harvey Gulf Upgrading Liquid Mud Tanks on Five OSVs
Offshore vessel owner Harvey Gulf International Marine announced it is modifying its fleet of five dual fuel liquefied natural gas (LNG)/diesel electric powered offshore supply vessels (OSV).A key enhancement includes the segregation of Liquid Mud tanks into six isolated independent tank systems, each equipped with dedicated pumping, valve, loading, and discharging systems with zero chance of cross contamination.The first vessel to undergo these modifications, the 310â DP2 Harvey LibertyâŠ
Electric Hydrofoil Ferries Set to Hit the Water in Abu Dhabi
Candela, manufacturer of zero-emission, electric hydrofoil boats, and Al Seer Marine, a global maritime organization headquartered in Abu Dhabi, announced a partnership to revolutionize waterborne public transportation within the emirate.The partners will work together to introduce Candela's electric hydrofoil boats for public transport use. They will also establish a sales and service network within Abu Dhabi and explore further collaboration opportunities to develop and implement innovative and sustainable public waterborne transport solutions for Abu Dhabi's needs."At Al Seer MarineâŠ
Sharp Uptick Seen in Crude Tanker Ordering
Contracting activity for for crude tanker newbuilding has risen sharply to start 2024, driven by a steep rise in orders for very large crude carriers (VLCC), according to shipping organization BIMCO.In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y. Notably, the 19 VLCCs ordered in January and February is more than was ordered for the entirety of 2023.Freight rates for crude tankers spiked at the start of the war in Ukraine, and they have largely stayed strong since, said Filipe Gouveia, shipping analyst at BIMCO.
SCHOTTEL to Equip Med Marine's Six New ASD Tugs
SCHOTTEL is to equip six new ASD tugs of the Turkish Med Marine Group with the SCHOTTEL RudderPropeller (SRP). The new vessels will be built by Med Marineâs EreÄli Shipyard and will be available in 2025 to meet the constantly growing demand for Med Marine tugs. A total of 12 SCHOTTEL RudderPropellers in the SRP 360, SRP 430 and SRP 490 series will be built for the new vessels by the German manufacturer of marine propulsion systems. The new tugs will cater for a range of different bollard pull requirements in the 50-âŠ
MacGregor Gets Large Crane Order for Prysmianâs New Cable Layer
MacGregor, part of Cargotec, has received a large order for three cranes that will be installed onboard a new cable laying vessel (CLV) being built for Prysmian by shipbuilder Vard.MacGregor will deliver a 100-tonne active heave-compensated (AHC) crane, a 20T Offshore crane and a 3T deck crane to Prysmian, to equip the Italian ownerâs third NB970 CLV from Vard.The crane supply scheduled for the third quarter of 2025.In addition, MacGregor has been contracted to supply its OnWatch solutionâŠ
Austal USA Delivers Future USS Kingsville
Austal USA delivered the future USS Kingsville (LCS 36) to the U.S. Navy March 1, 2024. Kingsville is the 18th Independence-variant Littoral Combat Ship (LCS) delivered by the company and the first U.S. Navy vessel to be named after the Texas city home to Naval Air Station Kingsville and directly tied to the historic King Ranch.Delivery documents were signed on board the ship and followed the successful completion of acceptance trials at the end of January during which the shipâs major systems and equipment were tested to demonstrate mission readiness.
Fincantieri in Talks to Buy Leonardo's Submarine Unit Wass
Italian shipbuilder Fincantieri is in talks with Leonardo to buy the defense group's submarine unit Whitehead Alenia Sistemi Subacquei (Wass), several newspapers reported on Wednesday.Spokespersons for Fincantieri and Leonardo both declined to comment.The acquisition would have a value of between 200 and 300 million euros ($217-$326 million), Corriere della Sera and financial daily Il Sole 24 Ore reported.The move by Fincantieri would be part of the group's broader strategy to grow non-organically and focus more on the defence sectorâŠ
Hanwha Ocean Lays Keel for Cadeler WTIV Wind Maker
South Korean shipbuilder Hanwha Ocean has laid the keel for Cadelerâs newbuild wind turbine installation vessel (WTIV), Wind Maker.The vessel was ordered in 2021 by Eneti, which was acquired by Denmark-based Cadeler in 2023. The vessel was to be named Nessie under previous ownership.The Gusto MSC NG16000X self-propelled jack up will be fitted with a Huisman 2600t at 31m radius leg encircling crane, allowing the installation of 14MW+ offshore wind turbines. It will feature a main deck area of 5âŠ
Hanwha Launches New Affiliate Rounding Off Its Total Shipbuilding Solutions Capabilities
With the launch of Hanwha Engine, South Koreaâs shipbuilder Hanwha has become fully equipped to provide total shipbuilding solutions, including engine production with in-house manufacturing and technology capabilities.Hanwha has officially launched its new affiliate, Hanwha Engine, after successfully acquiring HSD Engine, the worldâs second-largest marine engine company in terms of market share.According to the company, it will leverage Hanwha Engineâs abundant experience in marine engine production and the synergy among Hanwha affiliates to develop and commercialize eco-friendly fuel enginesâŠ
ABB to Deliver Integrated Propulsion System for CCGâs Next-Gen Polar Icebreaker
Seaspan Shipyards, Canadaâs long-term shipbuilding partner for the Canadian Coast Guard (CCG) and Royal Canadian Navy, has awarded ABB a contract to deliver an integrated propulsion system for the first of the CCGâs new-generation polar class icebreakers.The vessel is expected to be one of the worldâs largest and most powerful diesel-electric icebreaker when it enters service in 2030, with ABB supplying vessel systems complying with IACS Polar Class 2 requirements for year-roundâŠ
Vuyk Engineering Rotterdam: Three Years of Independence
Three years ago in March, Vuyk Engineering Rotterdam gained full independence, and since then, the company has taken strategic steps to chart its own course and strengthen its independent position within the maritime sector.After the closure of the Vuyk shipyard in Capelle aan den IJssel in 1979, marking the end of all shipbuilding activities, former employees established a new company: Vuyk Engineering and Trading. Founded on the principles of technical know-how combined with experience in cost calculationâŠ
Dutch Defense to Spend Billions on New Frigates
The Dutch government on Friday said it would replace nearly its entire navy fleet in the coming 15 years, in a project worth several billion euros that it said would mainly benefit Dutch industry.A large part of the project would consist of the replacement of four air defense frigates, the government said, confirming an earlier report by RTL Nieuws.The government said it would work closely with Dutch industry in building the ships, with large roles for shipbuilder Damen and the Dutch arm of French defense company Thales, which would likely supply radar and missile guidance systems."This will s
Seaspan Shipyards Orders ABB Propulsion for Canadian Polar Icebreaker
Canadian shipbuilder Seaspan Shipyards has awarded ABB a contract to deliver an integrated propulsion system for the first of the Canadian Coast Guardâs (CCG) new-generation polar class icebreakers.The first vessel of its kind to be built in Canada in over 60 years, the vessel is expected to be one of the worldâs largest and most powerful diesel-electric icebreaker when it enters service in 2030, complying with IACS Polar Class 2 requirements for year-round operations in moderate multi-year ice conditions.
Berge Bulk Orders Ammonia-fueled Newcastlemax Pair
Berge Bulk informs it has placed an order for two ammonia dual fuel vessels from China's Qingdao Beihai Shipbuilding Heavy Industry as part of a push by the dry bulk shipowner to decarbonize its operations.The two 210,000-DWT Newcastlemax vessels will meet the International Maritime Organization's (IMO) Tier III NOx (nitrogen oxides) standards and Energy Efficiency Design Index (EEDI) Phase 3 compliance for greenhouse gas emissions.The Singapore-headquartered company has beenâŠ
Ramping up Warship Production, Shipbuilder to Add 1000 Jobs
Babcock International Group (Babcock) is creating more than 1,000 new jobs at its large-scale, advanced manufacturing and shipbuilding facility in Rosyth.The new job opportunities will include 400 apprenticeships, 350 production support operatives, skilled engineers, tradespeople, and graduates to support programs like the Type 31 frigate design and build."Attracting and retaining talent is essential to the future success of our business and directly benefits the local communities in which we operate," said David Lockwood, Chief Executive, Babcock International Group.
MOL Signs Long-Term Charter with Tokyo Gas for LNG Carrier Newbuilding
Mitsui O.S.K. Lines (MOL) has signed a long-term charter contract for a newbuilding LNG carrier with Tokyo LNG Tanker (TLT), a wholly-owned subsidiary of Tokyo Gas.This is the eighth contract, following a time charter contract for seven LNG carriers that were signed for TLT.The 174,000-cbm ship will be 294.9 meters long, with the bread of 46.4 meters.The vessel will be built at the Geoje Shipyard of Hanwha Ocean in South Korea, and is scheduled for delivery in 2026.It will beâŠ
Chief of Naval Operations Tours Austal USA
Austal USA welcomed Chief of Naval Operations Admiral Lisa Franchetti and Assistant Commandant of the Marine Corps General Christopher Mahoney to the companyâs Mobile, Ala. shipyard on March 4. They were joined by Senator Roger Wicker, Congressman Jerry Carl, and Rear Admiral Tom Anderson, Program Executive Officer Ships.The visitors witnessed Austal USAâs focus on innovation, adherence to proven processes, and continued investment in the companyâs people and facilities to meet the emerging needs of the Navy and Marine Corps.
First of Six New Sun Ferry Vessels Operational
The new passenger fast ferry, Xin Ming Xhu VIII, is now servicing commuters on Hong Kongâs waterways after digital shipbuilder Incat Crowther delivered the first of six new passenger fast ferries to mass transit operator Sun Ferry.Xin Ming Xhu VIII, built by Guangzhou-based shipbuilder AFAI Southern Shipyard, is now in operation on the busy Central Ferry Pier to Mui Wo and Cheung Chau commuter routes in Hong Kong.Capable of transporting up to 500 passengers, the new low-draft vessel features Incat Crowther's latest generation hull form.
American Offshore Services Takes Delivery of Its First CTV
American Offshore Services (A-O-S) has taken delivery of its first crew transfer vessel (CTV), Gripper, purpose built to support the U.S. offshore wind industry. The vessel is scheduled to be christened during an official ceremony later this month.The Jones Act compliant aluminum catamaran was built by Blount Boats in Warren, R.I., based on Northern Offshore Services' (N-O-S) 30-meter G-class design. The newbuild features Volvo Penta's IPS propulsion system and is said to be "hybrid-ready"âŠ
BRIX Marine Launches Survey Boat Lugudi Barana
Port Angeles, Wash. boatbuilder BRIX Marine announced the launch of its latest survey boat, the 3011-CTC, named Lugudi Barana.The hull features 5086 alloy aluminum hull skins, 5052 alloy aluminum interior transverse frames, and longitudinal T-bars, ensuring reliability even in challenging conditions, the builder said. The vessel's self-bailing aluminum decks, watertight bulkheads and anodes for cathodic protection further enhance its safety and longevity.The Lugudi Barana is equipped with a comprehensive array of accessories for efficient survey operationsâŠ
Fjord1 Orders Autonomous Zero-emission Ferries
Norwegian ferry operator Fjord1 has ordered a series of four autonomous zero-emission ferries to operate the Lavik-Oppedal crossing on the northwest coast of Norway.The newbuilds were designed by Norway-based HAV Design and will be built by Tersan Shipyard in Turkey.According to HAV Design, which will deliver ship design and an engineering package for all four vessels, said the design is based on a future-oriented operating concept developed alongside Fjord1. The ferries willâŠ
HII Completes Acceptance Trials on Richard M. McCool Jr. (LPD 29)
HIIâs Ingalls Shipbuilding division on Monday announced it has completed acceptance trials in the Gulf of Mexico for amphibious transport dock Richard M. McCool Jr. (LPD 29), the final Flight I transition ship before Ingalls moves into serial production of the LPD Flight II line.The Ingallsâ Test and Trials team spent several days with the U.S. Navyâs Board of Inspection and Survey running the ship at full power and through steering maneuvers. The team will now complete final finish work on the San Antonio-class ship in preparation for delivery to the U.S.
Fincantieri Joins MIT Industrial Liaison Program
Fincantieri joined the Industrial Liaison Program (ILP) of the Massachusetts Institute of Technology (MIT), a collaboration that is part of the route towards the implementation of the 2023-2027 Industrial Plan.MIT's Industrial Liaison Program is a program based on the membership of large organizations interested in long-term strategic relationships with the Massachusetts Institute of Technology.The agreement will become part of Fincantieri's commitment to innovate and be at the forefront in the development of new technologies on strategic issuesâŠ
Recycling Market Still Deprived of Tonnage
As freight markets push further on, global ship recycling markets remain deprived of tonnage, making it an increasingly suffocating environment for ship recyclers to operate in, reports cash buyer GMS.Bangladesh and Pakistan rely heavily on imported shipâs steel, not only for domestic / large-scale infrastructure projects, but also for its comparatively âhealthierâ and ârust-freeâ condition than other forms of imported scrap metal / steel (HMS 1, HMS 2, shredded steel, etc.)ThereforeâŠ
US Navy Accepts Delivery of Future USS Kingsville (LCS 36)
The U.S. Navy accepted delivery of the future USS Kingsville (LCS 36) at Austal USAâs shipyard in Mobile, Ala., March 1.Kingsville is the 18th Independence-variant Littoral Combat Ship (LCS) constructed, and is the first ship ever named after Kingsville, Texas.The LCS class comprises fast, optimally manned, mission-tailored surface combatants that can operate in both near-shore and open-ocean waters to counter 21st-century coastal threats.Kingsville successfully completed Acceptance Trials on February 1 and will be commissioned later this summerâŠ
Babcock Tallies Contract to Refit UK Nuclear Submarine
Babcock International Group and the UKâs Submarine Delivery Agency (SDA) have agreed a full cost recovery contract worth an estimated £560 million to undertake the planned deep maintenance and life extension program for HMS Victorious, one of the UKâs Vanguard Class nuclear submarines.The multi-year life extension program will deliver HMS Victorious back to the Royal Navy modernized and improved, enabling it to continue operational patrols well into the 2030s. Work on the submarine is already underwayâŠ
Cochin Shipyard Cuts First Steel for SAMSKIP's Zero-emission Containership
Indian shipbuilder Cochin Shipyard has cut first steel for the first vessel in Samskip's new series of zero-emission, autonomous ready shortsea containerships.The first of two contracted vessels, Samskip SeaShuttle, will also be among the world's first zero-emissions short sea container vessels fueled by green hydrogen.The 135-meter-long containerships were ordered by marine robotics specialist Ocean Infinity for scheduled delivery in 2025 and will be operated under long-term charter by Rotterdam-based shipping company Samskip on its west European routes.
Green(er) Rigs Put Stena Drilling at Forefront of O&G Decarb Push
As the offshore oil and gas industry transitions to more sustainable practices, drilling rig operators are faced with demands to implement greenhouse gas (GHG) abatement measures as part of their workload. Being the owner of the first ever drillship that secured DNVâs Abate(P) notation, Scotland-based offshore drilling contractor Stena Drilling discusses everything the company is doing to make its drill-ships âgreenerâ.The first step to reducing its carbon footprint for StenaâŠ
BIMCO: Tanker Supply/Demand Balance will Tighten
The BIMCO Tanker Shipping Market Overview & Outlook February 2024 by Niels Rasmussen, BIMCOâs Chief Shipping Analyst, forecasts that the supply/demand balance will tighten further during both 2024 and 2025.Low fleet growth, along with increasing sailing distances, create the foundation for the improvement despite a slowing of growth in oil demand. The product tanker supply/demand balance is also expected to tighten in 2024 but weaken in 2025. Like the crude tanker market, longer sailing distances support demand growth despite slowing oil demand.
Virginia-Class Submarine New Jersey (SSN 796) Completes Initial Sea Trials
HII on Thursday announced its Newport News Shipbuilding division has completed initial sea trials for Virginia-class attack submarine New Jersey (SSN 796). New Jersey spent several days at sea to test the boatâs systems and components.Testing included submerging the submarine for the first time and conducting high-speed maneuvers while on the surface and submerged. NNS teams will continue the testing program ahead of delivering the boat to the U.S. Navy.âTaking New Jersey out for the first time is a significant milestone and the first major test of the submarineâs capabilities at seaâŠ
Norden Acquires Four Capesize Newbuilds
Danish shipowner Norden announced it has acquired four Capesize newbuilds expected to be delivered between 2025-2027.With the latest investments, adding to the five owned and seven chartered Capesize vessels, Norden is moving toward its ambition to operate between 20-25 Capesizes.The company said it has seen "strong demands from customers looking to unlock economies of scale by sizing up to improve efficiencies while lowering emissions"."The investments are furthermore a testament to the long-term opportunities we are seeing in the dry cargo markets," the company added.Jan Rindbo, CEO of Norde
Jozwiak Joins GLO Marine as Green Transition Lead
Maciej Jozwiak joined the GLO Marine team, with his experience expected to enhance the company's technical capacity to deliver high-end services to the retrofit and vessel upgrade market, with a focus on green technologies and decarbonization measures.Jozwiak brings more than six years of engineering project management at DAMEN and more than nine years as senior approval engineer at DNVâs Oslo Headquarters. His knowledge in structural engineering, adept project management, andâŠ
Swedbank Adopts Poseidon Principles
Swedbank has signed the Poseidon Principles, a global framework for integrating climate considerations into lending decisions within ship financeThe Poseidon Principles provide a standardised methodology for data collection and reporting of emissions from banksâ shipping portfolios, with the overall ambition of supporting and facilitating the decarbonization of the shipping industry.The Poseidon Principles are consistent with the policies and ambitions of the IMO, including itsâŠ
Anglo American Takes Delivery of Final LNG Dual-fuel Bulk Carrier
Anglo American has taken delivery of its 10th and final dual-fueled bulk carrier powered by liquefied natural gas (LNG), the company said on Wednesday.The capesize-plus LNG dual-fueled bulk carriers have been built and delivered over the last three years from Shanghai Waigaoqiao Shipbuilding Co.
New Stern Trawler Delivered to DFFU
A new stern trawler has been delivered to Deutsche Fischfang-Union GMbB & Co KG (DFFU) from Vard Brattvaag.The vessel, named Berlin, was developed by VARD in close cooperation with DFFU, based on the VARD 8 03 trawler design developed by Vard Design in Ålesund.Baldvin Thorsteinsson and Samuel Rodriguez, Managing Directors at DFFU said, "The delivery of Berlin is pivotal for DFFU, and VARD has done an excellent job. Over the years, VARD has built several technologically advanced vessels, consistently meeting the highest standard with their craftsmanship and innovation.
DHT Orders Four VLCCs
DHT Holdings announced it has entered into agreements to build four very large crude carriers (VLCC) in South Korea for delivery between April and December 2026.Two of the large tankers will be constructed at Hyundai Samho Heavy Industries and the other two at Hanwha Ocean (formerly known as Daewoo Shipbuilding & Marine Engineering), for an average price of $128.5 million. The contracts include options for an additional four vessels that can be delivered during the first half of 2027.The vessels have been ordered to Super Eco-designs and have carrying capacity of about 320,000 metric tons.
First of 10 Newbuilds Delivered for FureBear JV
The first vessel in a series of 10 newbuilds has been delivered to FureBear, a 50/50 joint venture between Sweden's Furetank and Canada's Algoma Central Corporation.Fure Vanguard is a dual-fuel ice class 1A 17,999 DWT product tanker built by China Merchants Jinling Shipyard in Yangzhou, China.The FureBear JV was formed in 2022 with an initial order for four ships. Later that year, the partners placed an order for four additional vessels, and in 2023 they ordered two more ships.
ClassNK Greenlights Multi-Functional Floating Wind Support Vessel Design
ClassNK has awarded an approval in principle (AiP) for the design of a multi-functional floating offshore wind farm support vessel (MFSV) developed by K Line Wind Service, together with Japan Marine United Corporation, and Nihon Shipyard.The MFSV is designed to perform full moorings work scope for the installation of floating offshore wind turbines, including transportation, deployment and anchor tensioning of the mooring system.According to the companies, the vessel also features a multi-functional conceptâŠ
Japan Continues to Lead Shipowner Rankings
VesselsValue has unveils this yearâs top 10 shipowning nations, reviewing the total asset values for vessels by beneficial owner country. From Japan's resolute leadership in the top position with a USD 206.3 billion fleet to the emergence of Hong Kong at USD 44.7 billion, asset values and ownership strategies have changed considerably over the last 12 months, says Rebecca Galanopoulos-Jones, Senior Content Analyst, Veson Nautical.The data provided by VesselsValue and analysed by Veson is valid as of February 2024.