Fleet News

AST Networks Acquires Reygar

AST Networks, provider of land and maritime communication technology and remote connectivity solutions, announced it has acquired Reygar Ltd, provider of fully integrated performance monitoring and control solutions for crewed and uncrewed vessels.“With the acquisition of Reygar, AST Networks is poised to deliver even greater value to our customers.” said Gregory Darling, Founder and Chairman of AST Networks. “Reygar’s expertise in vessel performance monitoring perfectly complements our existing suite of IoT (IRAMS) and network solutions…

QatarEnergy Places $6B Order for 18 LNG Vessels to China’s CSSC

QatarEnergy has signed an agreement with China State Shipbuilding Corporation (CSSC) for the construction of 18 ultra-modern QC-Max size LNG vessels, marking a significant addition to its LNG fleet expansion program.The new vessels, with a capacity of 271,000 cubic meters each, will be constructed at China’s Hudong-Zhonghua Shipyard, a CSSC wholly-owned subsidiary, and will feature state of the art technological innovation and environmental performance.Eight of the 18 QC-Max size LNG vessels will be delivered in 2028 and 2029…

Unified Command Reflects on Key Bridge Disaster Response Efforts

Approximately one month has passed since the Singaporean-flagged container vessel M/V Dali allided with the Francis Scott Key Bridge on March 26. The bridge, which connects Hawkins Point and Dundalk, Maryland, collapsed into the lower Patapsco River, bringing all maritime traffic in and out of the Port of Baltimore to a standstill.The Unified Command offers its reflection on the response efforts underway:During the incident involving the Dali, eight road crew workers, who were on break from repairing potholes, were present on the bridge when it collapsed.

IACS Details Efforts on Decarbonization and Digitalization in Annual Review

The International Association of Classification Societies (IACS) has published its 2023 IACS Annual Review which includes a broad range of articles highlighting IACS’ work in 2023, with a strong emphasis on the significant advancements made in alternative fuels.This includes the development of a new Unified Requirement on the release of ammonia from ammonia fuelled vessels, and the newly established Safe Digital Transformation Panel that focuses on the safety implications of increasingly digitised ships…

d'Amico Orders Two Product Tankers for $111m

d’Amico International Shipping S.A. subsidiary d’Amico Tankers D.A.C. signed a shipbuilding contract with Jiangsu New Yangzi ShipbuildingCo., China, for the purchase of two (2) new Long Range (LR1 – 75,000 DWT) product tanker vessels at a contract price of $ 55.4 million each. The ships are expected to be delivered in September and November 2027, respectively.Today the DIS’ fleet comprises 34 double-hulled product tankers (MR, Handysize and LR1, of which 26 owned, 5 chartered-in and 3 bareboat chartered-in) with an average age of about 8.8 years for its owned and bareboat chartered-in vessels.“This deal is aligned with our strategic objective of controlling a very modern fleet," said Paolo d’Amico, Chairman and CEO of d’Amico International Shipping.

SOVs – Analyzing Current, Future Demand Drivers

At a high-level, there are three solutions to transferring technicians from shore bases to offshore wind farms for construction and O&M activities: crew transfer vessel (CTV), helicopter, and SOVs/CSOVs.SOVs and CSOVs generally house 60-120 technicians offshore for a few weeks at a time, allowing them to transfer to structures on integrated heave compensated gangways, by daughter craft or on CTVs. The vessels are also equipped with cranes, storage, and small workshop areas.SOV: Service operations vessels…

Situational Awareness System Battles Cognitive Fatigue in Watchkeepers

Today’s evolving maritime security risks pose all-too-familiar threats to international shipping, and as just one of the many causes of fatigue, they add to the cognitive burden already faced by watchkeepers. But Groke Technologies can boost safety onboard, says co-founder and CEO Juha Rokka.Life at sea is already physically and mentally demanding. Crewing levels are tight, work hours are long and irregular, watchkeepers are required to perform administrative tasks while on the bridge…

Dry Bulk Supply/Demand Balance Predicted to Strengthen

BIMCO has released its Dry Bulk Shipping Market Overview & Outlook for April 2024, predicting that the supply/demand balance should strengthen in 2024, but weaken in 2025.This would be the result of ships returning to the Red Sea and Panama Canal, shortening sailing distances.Supply is forecast to grow 2.5% in 2024 and 2.0% in 2025. Growth is slowing due to lower deliveries, reports, Niels Rasmussen, BIMCO’s Chief Shipping Analyst.The fleet is expected to grow 4.9% between end 2023 and end 2025, the slowest it has grown since 2016. Ship recycling is expected to stay low.

Houthis Target MSC Ship in Gulf of Aden

Yemen's Houthis said they targeted the MSC Darwin ship in the Gulf of Aden on Thursday, as the Iran-aligned group resumed attacks on commercial ships in the Red Sea region in solidarity with Palestinians fighting Israel in the Gaza war.The Houthis also fired a number of ballistic and winged missiles at several targets in Israel's port city of Eilat, the group's military spokesman Yahya Sarea said in a televised speech on Thursday.The Liberian-flagged MSC Darwin VI ship was in the area of the attack…

US Navy Announces First Mine Countermeasures Mission Package Embarked on USS Canberra

The U.S. Navy embarked the first Mine Countermeasures Mission Package (MCM MP) aboard USS Canberra (LCS 30), April 18, service officials announced. With the MCM mission package now onboard LCS 30, the Navy anticipates the first MCM Mission Package deployment in Fiscal Year 2025.As part of the embark process, the Navy installed sensors, unmanned vehicles, support containers and the software that enables Sailors to execute MCM operations from an Independence-variant Littoral Combat Ship.

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, Head of Regulatory & Public Affairs, 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, as a ‘stakeholder’ simultaneously mindful of the perspectives of owners…

Bourbon Orders Exail Tech to Streamline Subsea Fleet’s Services for Offshore Energy

UK-based Exail has secured a contract with French maritime services provider Bourbon to supply several units of its Octans Attitude and Heading Reference Systems (AHRS) for integration into Bourbon Subsea Services’s fleet.These units will be installed on multiple Bourbon Evolution 800 Series multi-purpose support vessels (MPSVs) dedicated to subsea operations at depths down to 3,000 meters.IMO-HSC certified, the Octans AHRS will enhance Bourbon vessels’ efficiency in installation…

Rear Adm. Philip Sobeck: MSC Needs More Mariners, New Ships

Founded as the Military Sea Transportation Service (MSTS) and renamed Military Sealift Command in 1970, MSC today not only support the Navy, but we are the Department of Defense's provider of all sealift. Maritime Reporter & Engineering News recently interviewed Rear Adm. Philip Sobeck, U.S. Navy, for insights on the service today and it’s needs to grow in the future.What makes MSC so vital to the Navy’s fleet and our military forces around the world?When we  look at the history of contested logistics in World War II…

Babcock Takes Charge of Type 23 Frigate Upkeep for Royal Navy

Babcock has been awarded the contract to manage the Type 23 class frigate Refit Support Group, allowing the company to take end-to-end responsibility for vessel upkeep and regeneration in preparation for handover to the ship’s crew.This innovative change follows more than five years of close working between the Royal Navy-led Refit Support Group and Babcock.It frees up UK Royal Navy personnel for front line operations and creates new and exciting roles for 40 Babcock engineering technicians and managers at its Devonport facility…

MPCC Secures Funding for Two Dual-Fuel Methanol Containerships

Norwegian shipowner MPC Container Ships (MPCC) has signed a $55 million pre and post-delivery ECA covered financing agreement with Deutsche Bank and SINOSURE for its two dual-fuel methanol newbuildings.The vessels are scheduled for delivery towards the end of 2024 and are secured by 15-year time charter agreements with North Sea Container Line (NCL). The loan matures in 2036, according to MPCC.Chinese-based shipyard Taizhou Sanfu Ship Engineering is in charge of the construction…

Damen Launches New Cargo Vessel for German Shipping Company

Damen Shipyards has launched a Combi Freighter (CF) 3850 at the Ba Son Shipyard in Vietnam, built for German shipping company Reederei M. Lauterjung.The CF 3850 is the first in a two-vessel order from Reederei M. Lauterjung. Following this order, Damen’s client has placed an order for a third CF 3850.The vessels are to be named MV Arion, MV Hestia and MV Neptune.Upon delivery, MV Arion and MV Hestia will enter into a long-term charter with Amadeus Schiffahrts- und Speditions, a subsidiary of HGK Shipping.

Avenir LNG Orders Two LNG Bunker and Supply Vessels from Chinese Shipyard

UK-based small-scale liquefied natural gas (LNG) supplier Avenir LNG has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering in China, a subsidiary of CIMC Enric, for two new LNG bunker and supply vessels.The two 20,000 cbm LNG bunker and supply vessels are scheduled to be delivered in the fourth quarter of 2026 and the first quarter of 2027.The newbuildings will feature new Type C tank designs, lower boil off rates, the latest engine technologies…

Energy Transition: LNG Prices Plummet, Dual-fuel LNG Newbuilds Rise

Demand for liquefied natural gas (LNG) to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet. Prices of LNG delivered as marine fuel at the world's largest bunker hub Singapore are at steep discounts of nearly $100 per metric ton compared with conventional 0.5% very low sulphur fuel oil (VLSFO), industry sources report.That is a far cry from record premiums of more than $1,000 a ton seen in September 2023, based on data from S&P Global Platts published on industry coalition SEA-LNG's website…

AUKUS Sub Contract Props Up Australian Steelmaker Shares

Australian steelmaker Bisalloy shares have risen some 40% since December 2023, powered by defence deals signed as part of the AUKUS nuclear submarine deal between Australia, Britain and the United States.Defence contractors large and small are looking at the $237 billion plan to build Australia a fleet of nuclear-powered submarines as a decades-long source of work. Australia will build the vessels to a British design with U.S. technology.Bisalloy said earlier this month it had signed a deal to sell a shipment of steel to part of U.S. shipbuilder Huntington Ingalls Industries, maker of the U.S.

CBED Signs Up Siemens Gamesa for Wind Creation SOV’s First Job

Danish shipowner CBED has signed a contract with Siemens Gamesa for the first offshore wind project for its new SOV Wind Creation as part of the CBED fleet.With the new walk-to-work project, the SOV joins commissioning an offshore wind farm in the Netherlands.The project starts at the end of the second quarter of 2024 and runs for the remainder of the year, thereby securing full activity for Wind Creation until the first quarter of 2025.CBED now has all three vessels in the fleet…

WinGD’s Short-Stroke Engine Passes Shop Test

WinGD will record the first installation of its new X-S short-stroke engine design following successful factory acceptance tests with engine builder Dalian Marine Diesel in March.The six-cylinder, 62cm-bore 6X62-S2.0 engine will be installed on a pulp carrier being built for a Chinese owner at COSCO Dalian shipyard.The X-S series succeeds the well-established RT-flex50 and RT-flex58 engines and is available in 52cm and 62cm bore sizes, for the range of fuel options including traditional diesel or dual-fuel LNG…

Iron Ore Shipments Up 3.8% Despite Weak Chinese Demand

In the first quarter of 2024, global iron ore shipments rose 3.8% y/y on expectation of strong Chinese steel production which, however, failed to materialise. Iron ore supply has grown faster than Chinese demand which could lead to weaker shipments ahead, says Filipe Gouveia, Shipping Analyst at BIMCO.During the start of the year, Brazilian iron ore shipments typically slow down due to mining disruptions caused by heavy rainfall. However, this year conditions were better and Vale…

ABB to Provide Hybrid-electric Propulsion for MaineDOT Ferry

ABB has been selected by Maine Department of Transportation (MaineDOT) to supply a comprehensive grid-to-propeller solution for the new double-ended, hybrid-electric ferry that will provide essential services between the town of Lincolnville and the island community of Islesboro in the United States.ABB’s scope of supply covers the hybrid-electric propulsion and energy storage system. ABB’s Onboard DC Grid power distribution system will ensure optimal use of energy sources, while…