May News

Broker Marsh and Lloyd's underwriter Tokio Marine Kiln (TMK) have set up business interruption insurance for ports to provide cover against growing trade disruption risks such as threats to shipping in the Red Sea, executives involved said.Ports across the globe are dealing with multiple issues that are disrupting flows of goods, including attacks by Yemen's Houthis on commercial shipping as well as the risk of strikes at terminals in the United States."Recent geopolitical turmoil has exposed a clear gap in the standard cover available to ports and other cargo facilities.

Kohler Energy, a provider of energy solutions, including power generation, energy storage, and renewable energy technologies, has rebranded under its new corporate name Rehlko.Rehlko will continue operating as an independent enterprise. The company became a stand-alone entity in May 2024 when Platinum Equity completed a transaction with Kohler Company to establish then-Kohler Energy as a stand-alone business. Platinum Equity is the majority owner of Rehlko with Kohler Company…

Technology group Wärtsilä, in partnership with Chevron Shipping Company, plans to convert one engine on six of Chevron Transport Corporation LNG Carriers from dual-fuel (DF) to spark gas (SG) operation to reduce methane emissions.The conversions are intended to reduce greenhouse gas emissions by lowering methane slip in support of Chevron Shipping’s broader efforts to reduce the carbon intensity of its operations.The ‘marine industry first’ was made possible after two years of…

U.S. coastal waters are a public good increasingly at risk of privatization, threatening local economies that have depended on the sea for generations, fishermen and environmental advocates warned.Critics point to efforts to open up waters to industrial-scale fish farms, a federal permit system they say is stacked against small or new operators, and even coastal real estate development squeezing out independent businesses."There is another real estate grab, but it's in the ocean…

San Diego shipbuilder General Dynamics NASSCO delivered the future USS Robert E. Simanek (ESB 7) to the U.S. Navy, on September 12.The Lewis B. Puller-class expeditionary mobile base ship is named for Private First Class Robert Ernest Simanek, who was awarded the Medal of Honor for shielding fellow Marines from a grenade at the Battle of Bunker Hill during the Korean War. The Medal of Honor was presented to him by President Dwight D. Eisenhower in a White House ceremony in 1953.“From christening in May 2024 to delivery…

The U.S. Justice Department on Wednesday filed a civil claim seeking $103 million from the two Singaporean companies that owned and operated the container ship that in March toppled the Francis Scott Key Bridge in Baltimore, killing six people and paralyzing a major transportation artery for the U.S. Northeast.The department is seeking to recover from Grace Ocean Private Limited and Synergy Marine Private Limited the money the U.S. government spent in responding to the disaster…

American Bureau of Shipping (ABS) and Nippon Kaiji Kyokai (ClassNK) have issued approvals in principle (AiPs) for two types of low-pressure type liquefied CO2 (LCO2) carriers developed jointly by Japan’s industry majors.The LCO2 carriers have been developed by Mitsui O.S.K. Lines (MOL), Kawasaki Kisen Kaisha (“K” LINE), Nihon Shipyard, Nippon Yusen Kabushiki Kaisha (NYK Line), Mitsui & Co, Mitsubishi Corporation and Mitsubishi Shipbuilding.The two LCO2 carriers that received AiP certifications are low-pressure type 50…

The Cargo Integrity Group is calling on national administrations to carry out and report the findings of their container inspection programs, and for the IMO to continue collating and publishing the results in a publicly accessible form.The group is alarmed that the IMO is considering discontinuing the practice. Its future is being decided in meetings taking place this week at the meeting of the Sub-Committee on Carriage of Cargoes and Containers (CCC 10).Under resolutions adopted…

Canada is in discussions about joining an expanded AUKUS deal between the U.S., Britain, and Australia formed to counter China's growing military influence in the Asia Pacific region, Canadian Defence Minister Bill Blair said.Canada has said it wants to join a second pillar of AUKUS that will collaborate on new military technologies, including artificial intelligence and quantum computing, but has not so far revealed any details of those talks."There have been important discussions about processes and platforms on a project-specific basis on where other nations…

The International Union of Marine Insurance (IUMI) presented its analysis of the latest marine insurance market trends at its 150th annual conference in Berlin, Germany, on Monday.The global marine insurance premium base for 2023 was reported as $38.9 billion representing an uplift of 5.9% from the previous year. Development was seen across all lines of business with the offshore energy sector experiencing a 4.6% increase, cargo insurance a 6.2% increase and ocean hull a 7.6%…

The U.S. Department of Transportation’s Federal Transit Administration (FTA) has unveiled nearly $300 million in grants from President Biden’s Bipartisan Infrastructure Law aimed at transforming and expanding ferry systems across the United States. This substantial investment will support the modernization of ferry services, which are vital for millions of Americans.Each year, ferries facilitate approximately 56 million trips nationwide, playing a crucial role in transporting people and goods…

Esgian provides an update on new contract awards for floating rigs in its Week 37 Rig Analytics Market Roundup.Report SummaryContractsTransocean Ltd. has secured a 365-day contract for the 12,000-ft drillship Deepwater Atlas with bp in the US GOM.Norwegian operator Aker BP has extended the contract for Saipem’s 10,000-ft semisub Scarabeo 8 in Norway.Drilling Activity and DiscoveriesEquinor has found hydrocarbons at the Sitka C-02 exploration well in the Flemish Pass area offshore Newfoundland & Labrador…

Dutch firm KOTUG has received an order from Rotterdam-based sand handling and transport specialist, ROS, for the delivery of a fully electric pusher tug, the E-Pusher.The E-Pusher, model M, will be deployed in combination with barges provided by Jansma Shipping to establish an emission-free sand transport chain between the Maasvlakte and Rotterdam.The fully electric E-Pusher, developed by KOTUG, is scheduled for completion in May 2025.The entire emission-free system - from transshipment…

U.S. liquefied natural gas export terminals on the Louisiana coast may have escaped the brunt of Hurricane Francine and put off a major test of their ability to withstand a direct storm hit to another day.Francine was on track on Wednesday to lash south-central Louisiana, east of Cameron Parish that is home to several of the newly operating projects, with 90 mile-per-hour (145 kph) winds. Three of the four largest U.S. LNG export facilities are in Louisiana."This hurricane seems to be avoiding the majority of the LNG facility corridor…

When he joined Glosten more than 26 years ago as an intern, little did Morgan Fanberg know that one day he’d be at the helm leading one of the largest privately owned naval architecture firm in the United States. But this USMMA-grad was well outfitted for the task, and in this Maritime Matters: The Marinelink Podcast, Fanberg’s passion for the maritime industry and his company is clear as he candidly discusses the challenges he, his team and the maritime industry face in meeting legislatively mandated goals…

Norwegian lifting and handling specialist Seaonics has tested its Ocean Charger solution on an electric service operation vessel (SOV).High-voltage charging tests were conducted to charge the batteries on Rem Offshore’s diesel-electric hybrid construction SOV, REM Power, in port as well offshore from a charging point (cable reel, winch and control system) mounted on a wind turbine."At 10 years old, the turbine is one of the smallest offshore but the prototype proved it is possible to install the Ocean Charger on an existing turbine and charge an SOV from day one…

Wendy Laursen’s article Getting the Numbers Right, published in the August issue of Maritime Reporter, sparked debate from ballast water management experts. Here Jad Mouawad, CEO of Mouawad Consulting, provides his feedback on the article which outlines the challenges the industry has faced trying to reduce the occurrence of invasive marine species transferred by ballast water.We have now the vast majority of ships fitted with ballast water management systems (BWMS). I would say…

It was never going to be realistic to expect treated ballast water to have zero viable organisms on discharge.The G8 guidelines that define the type approval process for ballast water treatment systems were initially agreed at the IMO before any systems had actually been developed.The IMO had already been working on the issue of invasive species being transferred around the world in ballast water for a couple of decades. It was on the radar back in the 1970s. At MEPC 31 in 1991…

Four seafarers have been abandoned without pay on a 60-year-old tugboat in Washington State.The vessel, Wycliffe, recently changed its flag to Vanuatu, and was scheduled to help tow two retired Washington State Ferries vessels for a 34-day transit to Ecuador – where the new owner is based – for scrap, but the contract was canceled after the tug experienced technical issues.The four crew members on board from Colombia, Panama, and Peru faced dire conditions, including inadequate food…

British tech tycoon Mike Lynch died of suffocation after running out of oxygen, an investigative source said, citing initial examinations carried out on Saturday after his body was recovered from the family yacht that sank off Sicily's coast last month.Lynch, his daughter Hannah, 18, an onboard cook and four guests died when the British-flagged superyacht Bayesian sank during a severe and sudden weather event off the port of Porticello, near Palermo, on Aug.

Alternative fuels are not top of the list of naval requirements for gensets, but they are inching their way up.The naval world is largely exempt from the decarbonization pressure faced by commercial shipping, but it can’t ignore it entirely. As a famed naval strategist once said: “Fuel stands first in importance of the resources necessary to a fleet.”Navies must therefore consider their fuel supply options carefully given that commercial shipping is currently rewriting supply and demand dynamics.Indeed…

How do you balance the fact that your skilled workforce will get older and retire and leave you with a group of younger individuals that will not have the "experience" that your more tenured employees have? Back in the day individuals would not pass down knowledge to younger workers in fear of being replaced. The days of reckoning are upon us. An older workforce is leaving with years of knowledge bottled up in their heads with no way to capture the information. What is the solution? Can brain-drain be mitigated?Here is an example of brain-drain that every older individual can relate to.

Wind-assisted propulsion systems developer Anemoi Marine Technologies has secured a Type Approval Design Certificate from classification society DNV for its Rotor Sail design.The Type Approval Design Certificate (TADC) validates that Anemoi's 5x35m Rotor Sail design complies with DNV's technical standard (ST-0511) for Wind Assisted Propulsion Systems (WAPS).In May 2024, Anemoi's 5x35m Rotor Sail was installed on the DNV-classed bulk carrier Berge Neblina, owned by Berge Bulk,…