Mt News

French energy giant TotalEnergies and Oman National Oil Company (OQ) have reached the final investment decision (FID) on the Marsa LNG project, which will feature an LNG plant completely powered by renewable energy that will produce LNG for use as a marine fuel for maritime transportation.Through their joint company Marsa Liquefied Natural Gas (Marsa), TotalEnergies (80%) and OQ (20%) have launched the integrated Marsa LNG project which combines upstream gas production, downstream gas liquefaction…

Partners CY Shipping and BigLift Shipping have ordered two new heavy transport vessels (HTVs), increasing their HTV fleet to six vessels.The first vessel, owned by CY Shipping will be delivered in the fourth quarter of 2025, while the second vessel, owned by BigLift Shipping, is schedule for delivery in second quarter of 2026.Newbuilding contracts for the two new HTVs have been signed with Jing Jiang Nanyang Shipbuilding in China. The vessels, jointly designed by CY Shipping and BigLift Shipping…

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.

Dutch company Huisman has secured a contract to supply two subsea cranes for Toyo Construction’s 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 Toyo’s 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 Toyo’s requirements and preferences of Toyo…

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 ship’s steel, not only for domestic / large-scale infrastructure projects, but also for its comparatively ‘healthier’ and ‘rust-free’ condition than other forms of imported scrap metal / steel (HMS 1, HMS 2, shredded steel, etc.)Therefore…

Vitol Bunkers has taken delivery of the Marine Future vessel, its first specialized biofuel bunker barge in Singapore.The addition of this specialized IMO type 2 notation bunker tanker to the V-Bunkers fleet will make it possible to supply biofuel blends including B24, B30 and up to B100, depending on customer specifications.Built in China, Marine Future is 102.6m in length and has the capacity to carry about 7,000 MT of biofuels.The current fleet of bunker tankers in Singapore are classified as ‘oil tankers’ and are therefore restricted to a maximum of 25% bio component in biofuel blends.

With a fleet of nine U.S.-flag RoRo ships, American Roll-On Roll-Off Carrier Group (ARC), is the U.S.’ premier commercial RoRo carrier of U.S. government and military cargo. As the world becomes an increasingly contentious place, Eric P. Ebeling, President & CEO, ARC, discusses the vast capabilities of the ARC fleet and logistics network, as well as the challenges and opportunities ahead for U.S.-flag ships in the international trade.By the numbers’ is a simplistic means to gauge the size and shape of any shipping company…

A cargo ship abandoned four days ago in the Gulf of Aden after it was hit by missiles fired by Yemen's Houthis is still floating despite taking in water, and could be towed to nearby Djibouti, industry sources said on Wednesday.Shipping risks have escalated due to repeated drone and missile strikes in the Red Sea and Bab al-Mandab Strait by the Iran-aligned Houthis since November. U.S. and British forces have responded with several strikes on Houthi facilities but have so far failed to halt the attacks.The crew of the Belize-flagged Rubymar abandoned the vessel after it was hit on Sunday…

Chemship commissioned its first ship with wind assisted ship propulsion. This makes the MT Chemical Challenger the first chemical tanker in the world to be equipped with sustainable wind technology. The ship will serve on shipping company Chemship’s Trans-Atlantic route between the East Coast of the United States and the Mediterranean.This week four 16-metre-high aluminum wind sails were installed on board the 134-meter-long vessel. The VentoFoils from Econowind create a direct wind surface of 180 m2.

Philly Shipyard on Friday held a keel laying ceremony for the fifth and final vessel in a series of new purpose built, state-of-the-art training ships for America’s state maritime academies.The U.S. Department of Transportation’s Maritime Administration (MARAD) new vessel program – known as National Security Multi-Mission Vessels (NSMVs) – was designed to provide world-class training for America’s future mariners and to support humanitarian assistance and disaster relief missions…

In a well-timed decision given the current situation in the Red Sea and Gulf of Aden, the UK Supreme Court recently handed down judgment in Herculito Maritime Ltd v Gunvor International BV [2024] UKSC 2, a decision that arose from seizure of a ship by Somali pirates.Key factsThe vessel MT Polar was chartered to carry a cargo of fuel oil from St Petersburg to Singapore. The most direct route would be via the Suez Canal and Gulf of Aden.The Gulf of Aden was within the “high risk area” for piracy when the charter was agreed.

American Roll-On Roll-Off Carrier Group Inc. (ARC) added ARC Honor as the ninth American flag roll-on roll-off (Ro-Ro) vessel to its fleet.“This tremendously capable and flexible U.S.-flag ship is crewed by American merchant mariners and now operates in ARC’s global network supporting America’s national defense and economic security through trade,” said Eric Ebeling, ARC President & CEO. The vessel is ARC’s fourth large car/truck carrier (LCTC) vessel.The former Tulane was re-flagged to American registry and re-named the ARC Honor on February 2, 2024.

U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023.The U.S. was the stand out in global LNG supply growth in 2023, said Alex Munton, director of global gas and LNG research at consulting firm Rapidan Energy Group of the rise to 8.6 million metric tons leaving U.S. terminals in December.Qatar was the largest LNG exporter in 2022 and Australia the second-largest that year, U.S. government data showed."U.S.

Analysts and commentators are quick to point out that fossil fuels will power maritime equipment, and indeed dominate the fueling marketplace, well into the future. However, they will do so alongside new fuels, and new technologies, that will be introduced to the maritime sector in the coming years. In its September, 2023 report “Beyond the Horizon: View of the Emerging Energy Value Chains”, the American Bureau of Shipping (ABS) explains that, “During the recent 80th meeting of the Marine Environment Protection Committee (MEPC 80)…

Emirates Shipping Line (ESL) reports that it has cut 20% emissions on 75% of its fleet using a multi-prong approach of equipment technology and operational technique.A central aspect of the program involved a re-design of ESL’s vessels' propellers. In collaboration with designers from Mecklenburger Metallguss GmbH (MMG), ESL and the Peter Döhle group jointly developed and installed upgraded propellers on each ship. The use of these propellers reportedly yielded a significant improvement in overall flow and efficiency.

DOF Rederi, a fully owned subsidiary of Norway's DOF Group, on Wednesday entered into an agreement to sell the 2004-built, medium-size platform supply vessel (PSV) Skandi Captain to an undisclosed international buyer.The vessel is slated to be handed over to its new owner in the first quarter of 2024. DOF did not reveal the sale price but said the sale will have a "positive accounting effect".The 74.3-meter-long Skandi Captain is a MT 6009-FSV design PSV built by Myklebust Verft in Norway.

The 2023 IMO Award for Exceptional Bravery at Sea has been presented to Caleb Halle, Aviation Survival Technician Second Class (AST2) of the United States Coast Guard (USCG). He was recognized for the outstanding courage, endurance and determination he showed during the rescue of the seven-strong crew of the tugboat Legacy in January 2023.AST2 Halle, based at the Coast Guard Air Station Atlantic City, received the award at the annual IMO Awards Ceremony in London. The ceremony…

Markets remain precariously poised as Diwali holidays occupy the sub-continent markets and the industry heads into the final months of the 2023, says cash buyer GMS. Although several sales have reportedly registered into India at some impressive levels, sentiments and pricing here remains muted overall.“On the Eastern end and in the lead up to the Bangladeshi elections due in mid-January 2024 - disruptions, protests, and even strikes have embattled the country and as such, it is expected to become even more challenging to get lines of credit open and deliveries completed into Chattogram…

Inflation, fundamentals, currencies (except in India), vessel pricing, and overall weakening sentiments have beset the ship recycling market over the past week, reports cash buyer GMS.The effects have been felt across all the sub-continent ship-recycling destinations (even Turkey to an extent), which have cooled by about US$ 20/LDT over recent weeks, says GMS. However, India and Bangladesh have reported surprising increases in steel plate prices over the last week.“Seemingly on the back of global steel plate prices…

Considerable private investment is required to scale up the low-carbon hydrogen economy in the United States by 2030, a report by consultancy Wood Mackenzie said on Tuesday, adding that the $7 billion allotted by the U.S. Department of Energy (DoE) to regional hubs was a significant step.Last week, the Biden administration announced seven proposed "hydrogen hubs" over 16 states would share $7 billion in federal grants. The two largest projects include $1.2 billion each for Texas…

Offshore installation services firm Allseas has inaugurated 'Sandpiper', its new barge for shallow water offshore construction activities.Allseas said Thursday that the 170-meter barge was inaugurated this week in Singapore with a special ceremony after several upgrading activities in 2022/2023. The vessel is is a flat-bottom, anchored barge for shallow water offshore construction activities, purchased by Allseas in 2022 and upgraded for pipelaying in 2022/23.Sandpiper is equipped with a 10-point mooring system…

Shapoorji Pallonji Energy Pvt Ltd (SP Energy) said Monday it had obtained a Class Approval-in-Principle for the Concept and Design Basis of its FPSO Newbuild Hull from the American Bureau of Shipping (ABS). SP Energy has been working on the concept design of ‘STERLING STREAMLINE’, described as a new generation of its standardized newbuild hull concept design for large FPSOs, since July this year. According to SP Energy, the new FPSO hull will be designed for a circa 33-year lifespan with a topside capacity of up to 65,000 MT of wet weight.

Naval architecture and engineering firm Friede & Goldman (F&G) and OIM Wind Ltd on Monday announced the FO-146 Wind Turbine Installation Vessel (WTIV). "The FO-146 is based on F&G’s WindSetter Class WTIVs. It combines the industry’s latest technology and innovative solutions to meet the evolving needs of the global offshore wind market," F&G said.According to F&G, the FO-146 WTIV is the result of a collaboration between Friede & Goldman and OIM Wind, with the vessel set to offer "unparalleled performance…