Offer News

On the back of freight markets that are finally facing their first set of 2024 jitters, the industry is gradually witnessing an increasing number of units being proposed for a recycling sale, all of which are being confirmed via the sudden influx of tonnage at the Indian and Bangladeshi waterfronts this week, reports cash buyer GMS.This coms just as the Pakistani market (as expected) starts to fall behind on its domestic arrivals. At this rate, India looks set to sneak past the Pakistani market in the rankings…

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.

Cobham Satcom and China TranTech Technologies have signed a contract which includes the largest delivery of SAILOR XTR Ku VSAT antennas to the Chinese market so far, supported by an extensive training and global service program.China TranTech is a subsidiary of China Transport Telecommunication Information Group Company Limited (CTTIC) and the only maritime satellite safety communication provider in China.SAILOR 1000 XTR Ku antennas deliver dependable, high-speed connectivity that vessel crews need to optimize remote marine operations at sea.

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…

President Joe Biden's administration unveiled plans on Wednesday to hold up to a dozen auctions of offshore wind development rights through 2028, including four before the end of this year.The schedule will help companies, states and others plan for projects that require massive amounts of investment and infrastructure, the Interior Department said in a statement."Our offshore wind leasing schedule will provide predictability to help developers and communities plan ahead and will…

Simulation-based training has its whole-of-ship/whole-of-team scenarios, but zooming in, the industry is now working on more specific targets.We have a close relationship with technology, evidenced by, for example, the phones we are estimated to unlock around 50-80 times a day. It has changed us. Half the people surveyed in a 2022 King’s College London study said that they feel like their attention span is shorter than it used to be. They are wrong, though, if they think that the average attention span of adults today is just eight seconds, one second less than goldfish.

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…

Greek shipping company Carras (Hellas) has received the ABS Biofuel-1 notation for its Aquataurus ultramax bulk carrier, the first vessel in the world to qualify.The notation is assigned to vessels that use a biofuel blend of up to and including 30% biofuel in compliance with IMO and ABS requirements.Biofuels are liquid hydrocarbon fuels with similar composition and properties to fuel oil, but they are produced from renewable sources such as crops, agricultural and forestry waste…

Green hydrogen producer Lhyfe has launched the first Green Hydrogen Marketplace, on its online portal Lhyfe Heroes.Since 2017, Lhyfe has been working to accelerate decarbonization through major innovations such as the world’s first industrial-scale green hydrogen production site directly connected to a wind farm in 2021, the world’s first pilot platform for producing green hydrogen at sea in 2022, and the digitalization of the sector, since 2022, with the Heroes digital platform…

Classification society ABS has published what it says is the industry's first advisory on methanol bunkering as the cleaner-burning fuel continues to gain interest among shipowners seeking to reduce their environmental footprint.A key component of the methanol value chain and the overall scalability of the fuel will be the ability to bunker methanol, either by truck-to-ship, ship-to-ship or land storage tank/terminal-to-ship, ABS said.The new ABS Methanol Bunkering: Technical…

Simulation-based training has its whole-of-ship/whole-of-team scenarios, but zooming in, the industry is now working on more specific targets.We have a close relationship with technology, evidenced by, for example, the phones we are estimated to unlock around 50-80 times a day. It has changed us. Half the people surveyed in a 2022 King’s College London study said that they feel like their attention span is shorter than it used to be. They are wrong, though, if they think that the average attention span of adults today is just eight seconds, one second less than goldfish.

French engineering company GTT has received an order from an Asian shipyard for the tank design of eight new Liquefied Natural Gas Carriers (LNGCs).The order, booked in the second quarter of 2024, is on behalf of a Middle Eastern ship-owner.GTT will design the tanks of these eight vessels, which will each offer a capacity of 174,000 m3.The tanks will be fitted with a membrane containment system from the NO96 series developed by GTT.NO96 technology is a cryogenic liner used to contain liquefied gas at low temperatures during shipping, onshore and offshore storage, at atmospheric pressure.

The SMM 2024 trade show will run from September 3-6 this year, and organizers are expecting more visitors and exhibitors than last time; the exhibition halls are nearly fully booked.“We are expecting more than 2,000 international exhibitors from 70 nations,” says Claus Ulrich Selbach, Business Unit Director Maritime and Technology Fairs & Exhibitions at Hamburg Messe und Congress. “We are overwhelmed by the response. We are actually setting-up an additional hall to accommodate all requests.

South Korea remembered the 304 people, most of them school children, who died on the Sewol ferry on the 10th anniversary of its sinking on Tuesday, with families calling for a proper apology for the unnecessary deaths of their loved ones.Many parents attended a memorial service in the city of Ansan, home of the 250 children who died on the ferry during a school excursion, while another 37 family members boarded a Coast Guard ship that sailed to the scene of the disaster, marked by a lone buoy…

Thordon Bearings, the pioneer in water-lubricated bearings, secured a new order for a rudder bearing that was fitted to a 77.1m (253ft) research ship that frequently operates in ecologically sensitive marine environments.The 38-year-old Ocean Endeavour, operated by the UK’s Gardline, a multi-disciplinary marine survey company which operates a fleet of 13 multi-role survey ships, was recently fitted with Thordon’s SXL rudder bearing at UK Docks Marine Services’ Teesside drydock.Bruntons Propellers…

New York-based Kalypso Offshore Energy on Monday announced it is teaming up with Dutch marine technology group and shipbuilder Royal IHC to design and construct a Jones Act compliant cable lay vessel (CLV)—the first purpose-built for the U.S. offshore wind market.Under a newly signed letter of intent (LOI), the partners are working together to finalize contract, engineering and construction details to domestically produce a 5,000-ton CLV for anticipated delivery in 2028. The partners have not announced which U.S.

Mitsui O.S.K. Lines (MOL) has signed a basic contract for the marine transport of offshore wind components with JFE Engineering Corporation, while also agreeing to build a new module carrier vessel with Taizhou Sanfu Ship Engineering.This will be first coastal module carrier in Japan to transport components for offshore wind turbine foundation components, according to MOL. MOL DrybulkThe vessel is scheduled for delivery in the spring of 2026, and will then engage in the coastal transport of offshore wind turbine foundations from JFE Engineering's manufacturing base in Kasaoka-shi…

Here’s some good news for America’s sea power. While the U.S. Navy has initiated another review of its 30-year shipbuilding plan in the face of widespread dissatisfaction, one element within that plan has been praised: the decision to provide funding for continued construction of amphibious warfare ships. These vessels offer unmatched flexibility and the capability of transporting, deploying, and supporting ground combat forces – typically U.S. Marine Corps – to conduct amphibious assaults, humanitarian operations, or disaster relief missions.

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…

Subrosa Group (SRG) announced it is rolling out a new Maritime Security (MarSec) division, SRG Maritime Security, to deliver security services globally to the commercial shipping and offshore industries, private vessels and superyachts.SRG's CEO, Niall Burns, said, "The establishment of our Maritime Security division is a direct response to the critical need for elite armed protection for large vessels navigating increasingly perilous waters worldwide. Incidents of maritime attacks are alarmingly on the rise…

A newly unveiled concept for a sail-powered catamaran cruise ship aims to offer a luxury cruising experience on board a vessel that can travel emissions free.The unique vessel design--codenamed "Seabreeze"--comes from Norway-based YSA Design, who engineered the 104.5-meter-long ship to feature four 50-meter-high foldable sails mounted on 6-meter-high bases on deck for emissions-free propulsion.“Sustainability is critical but cruise shipping also needs to continuously reinvent itself,” said Trond Sigurdsen, Senior Architect and Partner, YSA Design.

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…