Manage News

Hawai‘i’s interisland freight company Young Brothers has become the first marine transportation company in the Unites States to install an innovative mooring system designed to improve safety and efficiency.The new $1.5 million ShoreTension mooring system was blessed in a ceremony at the Port of Kaumalapau in Lāna‘i on Monday. The technology, which keeps the barge steady against the dock during inclement weather, is already being utilized in harbors around the globe in countries like New Zealand…

Shares of Viking Holdings rose 9% in their debut on the New York Stock Exchange on Wednesday, giving the travel and cruising company a valuation of $11 billion.Viking opened at $26.15 compared with its initial public offering (IPO) price of $24 in a stellar debut, amid a rebound in stock market listings and at a time when cruise stocks have delivered outsized returns.Founded in 1997, Viking provides destination-focused itineraries including a shore excursion at every port and an onboard and onshore program through performances of music and art, cooking demonstrations, port talks and guest lect

Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline expansion due to start up on Wednesday may only be around half what the Canadian government-owned corporation has forecast, traders and shipping sources said.The C$34 billion ($24.82 billion) project to nearly triple the flow of crude from Alberta to Canada's Pacific Coast to 890,000 barrels per day is scheduled to start operating on May 1 after years of regulatory delays and construction setbacks.The extra 590…

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 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…

BMT has signed a Memorandum of Understanding (MoU) with DNV that will accelerate BMT’s development of an Australian version of our CAIMEN® Large Design for the future Landing Craft – Heavy (LC-H) program for the Australian Army.Under this MoU, DNV will work with BMT throughout the process of tailoring the CAIMEN Large, to meet the Australian Army’s future requirements. DNV’s insights will ensure that BMT are able to identify and manage technical risk, minimizing schedule impacts…

Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly at the time of writing. Moreover, we register an interesting dynamic on the shipowner side, where everyone is trying to position themselves for the impeding market boom.Please note that vessel definitions and abbreviations in this part of our industry can vary…

Brunvoll has been contracted to deliver the propulsion, maneuvering and autonomy systems for two hydrogen powered ferries for Torghatten Nord AS.The ferries will operate the harsh route to and from Lofoten in Norway, the Bodø-Verøy-Røst-Moskenes route. The hydrogen fuel cell ferries were designed by The Norwegian Ship Design Company AS. Both ferries included in the contract will be delivered from Myklebust Yard in 2026.The Brunvoll contract includes two azimuth propulsion thrusters, BruCon Propulsion & Thruster Control System, BruCon Auto-Crossing system and BruCon Condition Monitoring System.

The Maritime International Advisory Panel (IAP) held its third annual meeting on April 16, 2024, during the Singapore Maritime Week 2024. This year, the Maritime IAP held in-depth discussions on the key developments in the maritime sector, including decarbonization, green financing, digitalization and cybersecurity.Established in 2022 by the Ministry of Transport (MOT) and the Maritime and Port Authority of Singapore (MPA), the Maritime IAP aims to seek international perspectives on key long-term trends and developments that will shape the maritime industry.

Ocean Network Express (ONE) has launched a reduced emissions shipping service ONE LEAF+ which offers customers the opportunity to proactively manage their own emissions and minimize environmental impact across the value chain.ONE LEAF+ offers:• Reduced Carbon Footprint: ONE will deploy regulation-compliant alternative fuels on designated vessels, allowing customers to reduce Scope 3 GHG emissions on their shipments with ONE.• Added Transparency: With ONE LEAF+, customers will…

For 15 years the Maritime Risk Symposium (MRS), an annual three-day event, has brought together government and maritime industry leaders, port representatives, international and domestic researchers and solution providers to examine current and emerging threats to maritime security. World events highlight that maritime security is increasingly at risk during the current period of great-power competition and ongoing conflicts. The active competition between nations who are not…

A new report offers safety recommendations for ship owners and port authorities seeking to establish green shipping corridors.As the shipping industry continues to make progress toward its decarbonization goals, a number of green shipping corridors are being being set up as maritime routes that help to enable the use of low- and zero-emission lifecycle fuels such as methanol, ammonia and hydrogen, as well as other green technologies. To date, more than 30 green shipping corridors…

Kristian Siem, founder and longtime leader of Siem Offshore, is stepping down as chairman of the Norwegian offshore support vessel (OSV) firm after reaching a deal to acquire nine vessels in exchange for his 35% stake in the company.The company announced it has reached an "amicable agreement" to sell Siem Barracuda, Siem Stingray, Siem Opal, Siem Pearl, Siem Topaz, Siem Pilot, Siem Pride, Siem Symphony and Siem Thiima to Kristian Siem's Siem Sustainable Energy S.a r.l and related companies in exchange for 35% of the company’s shares.The other major shareholder is Christen Sveaas' Kistefos…

MariApps Marine Solutions has signed an agreement to enhance the digitalization of Intership Navigation's fleet of 100 vessels.By utilizing MariApps’ digital solutions suite, smartPAL, Intership hopes to offer its customers, ship owners and vendors state-of-the-art digital services.MariApps’ technical professionals offer expertise in ship maintenance, voyage management, crew management, safety compliance, financial operations, and business intelligence. With smartPAL, the Intership…

Electronic Fuel Management Systems (EFMS) company Fueltrax reports it has opened a Vessel Operations Center in Kuala Lumpur, Malaysia.This is Fueltrax’s second such center and the first outside of the company’s headquarters in the U.S. It provides closer-to-region coverage for Asia-Pacific customers.Ruben DeLeon, Fueltrax’s Vice President of Product Support, drew on his seven-year tenure at NASA's Mission Control Center in driving the establishment of the Kuala Lumpur facility.As DeLeon explains…

MAN Energy Solutions, MAN Energy Solutions USA and Carnival Corporation & plc, the world’s largest cruise company, have signed a service agreement (LTSA) for five of Carnival’s Vista Class cruise ships powered by MAN 48/60CR type engines. The scope of the agreement covers the management of all maintenance, including planning, parts, technical advisory service, training and remote monitoring support. MAN Energy Solutions will manage the agreement via MAN PrimeServ, its after-sales brand.Riccardo Cordara…

With supply chain attacks on the rise, and nation-state attackers constantly looking for new ways to disrupt national security and economic stability, one of the most vulnerable areas is the security around our maritime operations. The Biden-Harris Administration's recent Executive Order to fortify the cybersecurity of U.S. ports underscores this concern, spotlighting the urgency of addressing vulnerabilities in a sector that drives over $5.4 trillion in economic activity annually.

Ørsted and Cadeler have signed a firm long-term lease agreement for a newbuilt wind farm installation vessel, designed to transport up to six XXL monopile foundations and five turbines of over 20 MW per round trip.With the agreement, Ørsted has secured installation vessel capacity from the start of 2027 to end of 2030 for upcoming construction projects.The agreement involves booking a new-built A-Class vessel from Cadeler. The A-Class vessels feature a hybrid design, allowing…

Classification society ABS announced it has awarded ECOLOG, a mid-stream Carbon Capture, Utilization and Sequestration (CCUS) service provider, with an industry first ISM Document of Compliance for the operation of liquified CO2 carriers on behalf of the Bermuda flag administration.ABS audited ECOLOG to verify compliance with the International Safety Management Code.ECOLOG plans to build and own CO2 terminals and a carrier fleet to service the emerging CCUS sector, connecting hard to abate emitters with cost competitive sequestration sites and carbon utilization facilities.“Carbon capture…

The Canadian government on Tuesday announced it has awarded a pair of contracts to Seaspan’s 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 vessel’s basic design review in late 2023 and allow VSY to undertake pre-construction work, such as selecting specific pieces of equipment…

The Oil Companies International Marine Forum (OCIMF) has published an updated information paper, Guidelines for the Control of Drugs and Alcohol in the Maritime Industry (2024).The paper aims to provide general guidance and recommendations for the maritime industry (operators of tankers, barges, offshore vessels and terminals associated with the ship-shore interface) in developing and implementing controls for the use of drugs and alcohol.In the guidelines, drug and alcohol use includes the use of prescribed and over-the-counter medication…

Ukrainian agricultural group Kernel has expanded its sea fleet and can now export 100,000 metric tons of grain per month by ship, it said on Thursday.Ukraine usually exports 95% of its farm exports via Black Sea ports and Ukraine's own ships can ensure exports even in the face of military dangers associated with Russia's invasion of Ukraine.Kernel, the leading Ukrainian sunoil exporter, has purchased the Rotterdam Pearl V vessel, which can transport 50,000 tons of grain, it posted on Facebook.The company said its fleet had been transporting Ukrainian exports to the Mediterranean and North-East

The International Transport Intermediaries Club (ITIC) has highlighted the importance of robust vessel design reviews and related insurance coverage throughout the construction process following a recent dispute between a naval architect, a shipowner and a shipyard regarding a vessel’s operational performance post-delivery.The vessel, a 24-metre catamaran servicing the offshore oil and gas industry, faced considerable operational limitations. This was attributed to unexpected vibration issues in the vessel's rudders…