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Thursday, March 28, 2024
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27 Mar 2024

St. Johns Ship Building to Build Six Deck Barges for Seapath

(Photo: St. Johns Ship Building)

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 Building’s 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. Johns’ holding company, Americraft Marine Group.Joshua Lubarsky, CEO of Seapath, said, “Domestic maritime transportation is the backbone of the US transportation system.

17 Mar 2024

Launch Ceremony Held for A-O-S' New Jones Act CTV Gripper

(Photo: American Offshore Services)

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)—the 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 Eversource’s portfolio of offshore wind farms in the Northeast…

07 Mar 2024

S&B Names Sipes CEO

Jeff Sipes (Photo: S&B)

Jeffrey G. Sipes has been named chief executive officer at engineering and construction firm S&B, parent company to naval architecture and marine engineering firm TAI Engineers.“S&B has a remarkable record of growth and success over the past sixty years, and we look forward to decades of further success. The markets we serve are changing, creating new opportunities for growth. Jeff is the leader who can successfully guide the company to capitalize on these opportunities. He brings extensive experience and a deep understanding of both S&B’s markets and the company’s distinctive capabilities…

26 Feb 2024

Svitzer Reports 2023 Revenue Growth of 6%

Source: Svitzer

Towage and marine services company Svitzer has published its 2023 annual report, showing that total revenue grew 6% to DKK 5,786 million driven by, among other things, a record number of harbour towage tug jobs of more than 150,000.Adjusted for foreign exchange impact, total revenue grew 9.5%. Operating profit (EBITDA) was up 4% to DKK 1,690 million, corresponding to an EBITDA margin of 29.2%. In the past five years, total revenue has on average grown by almost 6% annually with an average EBITDA margin of 30%.

23 Feb 2024

US Imposes Sanctions on Russia's Leading Tanker Group Sovcomflot

© Andriy Sharpilo / Adobe Stock

The U.S. Treasury said on Fridayit has imposed sanctions on Russia's leading tanker group Sovcomflot FLOT.MM, as Washington seeks to reduce Russia's revenues from oil sales that it can use to support its invasion of Ukraine.The Treasury Department's Office of Foreign Asset Control also designated 14 crude oil tankers vessels as property in which Sovcomflot has an interest. It issued a general license allowing the offloading of crude oil, or other cargoes, from the vessels for 45 days."Sovcomflot as a whole…

22 Feb 2024

Fleet Management Managing Director Rajvanshy Steps Down

Kishore Rajvanshy (Photo: Fleet Management Limited)

Dr. Kishore Rajvanshy is stepping down after three decades as managing director of Fleet Management Limited (FLEET), currently the world’s largest third-party ship management company.FLEET announced it has begun implementing a phased succession plan as Rajvanshy transitions from his current role, with a global search for a new managing director underway.As part of this transition, Angad Banga, the chief operating officer of FLEET’s parent company, The Caravel Group, will co-lead FLEET with Rajvanshy – where Rajvanshy will continue to manage the technical…

21 Feb 2024

Ultimate Boats Delivers Recyclable Patrol Boat

Source: Ultimate Boats

Glasgow boatbuilder Ultimate Boats has delivered a recyclable patrol boat to fellow Scottish organisation Loch Lomond & The Trossachs National Park Authority.The bespoke vessel is 11 meters in length with a 3.1 meter beam. It features six permanent shock mitigation seats and two fold-down shock mitigation crew seats. Powered by two 350 HP Suzuki outboard engines, it has a 2,050kg payload, 1,000 litre fuel capacity and range of 400 miles.The vessel is built from Ultimate Boat’s patented Danu recyclable boat building material including its hull…

21 Feb 2024

Unifeeder to Add Two More Methanol-powered Vessels

(Image: Unifeeder Group)

Unifeeder Group announced it has completed a long-term charter agreement for two additional methanol-capable container feeder vessels. This follows the agreement for two initial vessels announced in October 2023. The latest agreement is in partnership with German-based ship owning group Elbdeich Reederei and Norwegian shipowner MPC Container Ships (MPCC), who are responsible for one vessel each. The 1,250 twenty-foot equivalent unit (TEU) vessels, scheduled for delivery in 2026…

13 Feb 2024

Carnival Orders Another Cruise Ship from Meyer Werft

(Photo: 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 Excel-class ships have been a tremendous addition to the Carnival fleet and proven very popular with our guests," said Christine Duffy, president of Carnival Cruise Line.

30 Jan 2024

Seçkin Uz Named Managing Director at elkon

Seçkin Uz (Photo: SCHOTTEL)

In addition to his present and continuing role as managing director of SCHOTTEL Turkey, Seçkin Uz has been appointed managing director of SCHOTTEL’s sister company elkon.In his new position at elkon, Seçkin Uz will be dedicated to utilizing various synergies between propulsion specialist SCHOTTEL and electrical system integrator elkon. At the same time, he aims to strengthen elkon’s international growth and business development in the global maritime industry.Seçkin Uz succeeds ErtuÄź YaĹźar, who held this position for nine years.

24 Jan 2024

Infinium and Amogy Ink MOU on Green Ammonia and eFuels Solutions

(Photo: Amogy)

eFuels provider Infinium and Amogy, developer of carbon-free, energy-dense power solutions, have entered into a memorandum of understanding (MOU) to explore opportunities to integrate their technologies and develop commercial applications across the eFuels and green ammonia value chain. Infinium and Amogy are also exploring collaborations with both Mitsubishi Heavy Industries (MHI) Group and SK Innovation for deployment of the integrated solution.To accelerate the decarbonization of heavy industry sectors…

16 Jan 2024

New Leadership at Mustang Survival and Wing Group

Kenny Ballard and Lance Richardson (Photo: Wing Group)

Kenny Ballard has been appointed Mustang Survival’s new President, taking over responsibilities from Juanita Killen, who stepped into the role of Interim President in 2023. Additionally, Lance Richardson takes on the newly created role of VP, Manufacturing and Innovation for the Wing Group, Mustang Survival’s parent company.Ballard brings a wealth of experience from previous executive roles with renowned brands, including Osprey, SwissGear, Wenger Outdoor, Kelty, and, most recently, his own successful consulting firm.

05 Jan 2024

St Johns Ship Building Delivers First CTV for WINDEA

(Photo: St. Johns Ship Building)

Palatka, Fla. shipyard St. Johns Ship Building announced it has delivered WINDEA Courageous, the first of three Jones Act compliant crew transfer vessels (CTV) ordered by WINDEA CTV, a partnership between Hornblower Wind and MidOcean Wind.The 30-meter-long WINDEA Courageous and its sister vessels are designed by Incat Crowther and each have capacity to carry 24 technicians, plus six crew. The Bureau Veritas-classed vessels will be propelled by quad Volvo IPS propulsion units driven by Volvo DI13 main engines.

16 Nov 2023

HydroWing Unveils Plans for Tidal Energy Project in Wales

Source: HydroWing

HydroWing is gearing up for deployment of its tidal energy technology, following the recent announcement that it has been awarded a contract for a 10MW tidal stream energy project in Wales.HydroWing was the largest tidal stream project in Wales to be successful in the UK government’s latest Contracts for Difference round. The project will be located at the Morlais tidal energy site in Anglesey, which is managed by the social enterprise Menter Môn. The Morlais site is the UK’s largest consented tidal energy scheme.Richard Parkinson…

08 Nov 2023

Putin Approves Transfer of State-owned Shares in Shipping Company to Rosatom

© Kalyakan / Adobe Stock

President Vladimir Putin signed on Wednesday a decree transferring to Russia's state nuclear power company Rosatom state-owned shares of the Far Eastern Shipping Company, parent company of transportation group Fesco.Fesco was formerly controlled by Ziyavudin Magomedov, who was convicted last year on organized crime and embezzlement charges and is serving a 19-year jail sentence following one of the highest-profile prosecutions of a Russian tycoon in years.Magamedov says the charges are unfounded and is appealing his conviction.

08 Nov 2023

Celebrity Ascent Delivered to Celebrity Cruises

Celebrity Ascent, the fourth ship in Celebrity Cruises' Edge Series (Photo: Celebrity Cruises)

Celebrity Cruises announced it has taken delivery of its latest newbuild, the 141,420 GT Celebrity Ascent, built by Chantiers de l'Atlantique shipyard in St. Nazaire, France. The fourth cruise ship in the line's Edge Series, Celebrity Ascent is 1,073 feet long with a 128-foot beam, 27-foot draft and capacity for up to 3,260 passengers. Equipped with Wärtsilä engines and ABB Azipod propulsion, the vessel cruises at speeds up to 22 knots."Celebrity Ascent features all the innovative and award-winning Edge Series signature experiences that launched a new era in cruise ship design…

03 Nov 2023

Davie Acquires Helsinki Shipyard

Helsinki Shipyard (Photo courtesy Davie)

Canadian shipbuilding group Davie announced it has finalized its acquisition of Finland’s Helsinki Shipyard Oy, which has struggled to gain new business due to Western sanctions against Russia.The deal has been nearly a year in the making, starting from December 2022. By March 2023, Davie exercised an exclusive option to purchase the assets of Helsinki Shipyard. In April a business purchase agreement was signed, and on July 4 Davie secured a new 50-year land lease from the city of Helsinki.Financial terms of agreement were not disclosed…

16 Oct 2023

Inditex Partners with Maersk to Reduce its Maritime Transport Emissions

Zara Plaza de España, Madrid (Source: Maersk)

Inditex, parent company of fashion brands such as Zara and Massimo Dutti, has partnered with Maersk to reduce its global GHG footprint from seaborne logistics by incorporating alternative fuels in all its inbound routes with the carrier.Through the ECO Delivery Ocean program, Maersk replaces fossil fuels on its ships with green fuels like green methanol or second generation biodiesel based on waste feedstocks. This is expected to deliver an estimated reduction of more than 80% in GHG emissions compared to conventional sources.With ECO Delivery Ocean…

10 Oct 2023

Inspirit Completes CWind Acquisition

(Image: Inspirit Capital)

U.K. investment firm Inspirit Capital announced it has completed the carve-out of CWind, a provider of offshore wind support services, from Global Marine Group.CWind completes approximately 60,000 crew transfers annually, utilizing its fleet of crew transfer vessels (CTV), including the world’s first hybrid surface effect ship, CWind Pioneer. The company has operated in support of more than 50 U.K. and European offshore wind farms since 2010.London-based Inspirit Capital specializes…

01 Sep 2023

Change in MENAS Navigational Light Dues

© sghiaseddin / Adobe Stock

Middle East Navigation Service (MENAS), provider of aids to navigation (AtoN) in the Middle East Gulf region, said its is increasing rates and widening the group of ships that will be asked to pay for the service.The group has been providing AtoN in the Middle East Gulf – one of the busiest trade lanes in the world – since 1951, supplying seafarers with information regarding the location, route and configuration of obstacles and hazards.MENAS covers the cost of operating and maintaining such AtoN…

01 Sep 2023

Intermarine and Jumbo-SAL-Alliance Set Up Hub in Chile

(Photo: Intermarine and Jumbo-SAL-Alliance)

Multipurpose carrier Intermarine and sister company Jumbo-SAL-Alliance (JSA) expand their presence in South America, opening a new office in Santiago.Intermarine and Jumbo-SAL-Alliance are joining Intermarine’s long-time agent, Marval, to form the new subsidiary JSA-Intermarine Chile. The first office to carry the name of both companies will be led by Nelson Matus, a veteran in the South American breakbulk and multipurpose sector with over 25 years of experience. Matus and his…

28 Aug 2023

AET Delivers LNG Dual-Fuel VLCC to Shell

EAGLE VELLORE: AET's newest LNG dual-fuel VLCC Eagle Vellore was named today in Malaysia. Image courtesy AET

AET delivered its newest vessel, the first of three Very Large Crude Carrier (VLCC) powered by dual-fuel liquefied natural gas (LNG) engines, on long-term charter to Shell Tankers (Singapore) Private Limited.The Malaysian-flagged Eagle Vellore was named at a ceremony at the MMHE Pasir Gudang yard, attended by the Deputy Minister of Transport, Malaysia and other Malaysian government officials. The naming of the 300,000 dwt tanker in Malaysia marks an important milestone for AET…

24 Aug 2023

MAIB Warns on Liferafts After Failure

Source: MAIB

The UK Marine Accident Investigation Branch (MAIB) has issued a safety bulletin following the engine room flooding and foundering of the stern trawler Piedras (FD 528) which led to the failure of a liferaft to inflate. A second liferaft was successfully launched, and the crew were rescued.Both liferafts exhibited deficiencies that raised servicing and certification concerns and are likely to have contributed to the failure, says MAIB. The port liferaft was never recovered, but inspection of the starboard liferaft found that it had not been correctly serviced since manufacture in March 2007…