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Danish shipping company A.P. Moller - Maersk announced it has signed an agreement with Norwegian energy company Equinor to secure supply of methanol for its new methanol-enabled feeder vessel during its initial months of operation from September 2023 and into the first half of 2024.The agreement ensures methanol supply for the ship from its entry into operation on a loop from Northern Europe into the Baltic Sea after the name giving ceremony later this month in Copenhagen. The green methanol will be bunkered in Rotterdam.The 2…

Gladding-Hearn Shipbuilding, Duclos Corporation, announced it has received an order from the St. Johns Bar Pilots for a new high-speed launch.The newbuild, to be based on the Somerset, Mass. shipbuilder's 40-foot Resilient Class pilot boat introduced in 2005, is scheduled to be delivered to the Florida-based pilots in mid-2024—the pilots’ fourth Gladding-Hearn pilot boat since 1962.Designed by Ray Hunt Design, the all-aluminum launch measures 35 feet overall. It has a 13-foot beam, including the foam collar, and a 3-foot draft.

The Association of Maryland Pilots has ordered its fifth Chesapeake Class launch from Gladding-Hearn Shipbuilding, Duclos Corporation. Delivery is scheduled for early 2024.With a deep-V hull designed by Ray Hunt Design, the new all-aluminum launch measures 52.6’ overall, with a 16.8’ beam and a 4.8’ draft. Powered by twin Volvo Penta D16, EPA Tier 3-certified diesel engines, each producing 641 Bhp at 1800 rpm; the vessel’s top speed is expected to reach over 26 knots. A Humphree interceptor trim control system, with its Automatic Trim Optimization, will be installed at the transom.

Somerset, Mass. shipbuilder Gladding-Hearn Shipbuilding, Duclos Corporation informs it has secured another pilot boat order from the Pilots’ Association of the Bay and River Delaware. The vessel will be the pilots’ association’s fourth Chesapeake Class launch and 11th pilot boat built by Gladding-Hearn since 1957. Delivery of the new pilot boat is scheduled for 2024.With a deep-V hull designed by Ray Hunt Design, the new all-aluminum launch measures 53.6’ overall, with a 17.8’ beam and a 4.9’ draft.

XLCC, the new high-voltage direct current (HVDC), renewable energy focused business in the U.K., said it has completed the concept design for a new cable laying vessel for planned delivery in the first half of 2025.The newbuild is slated to support the Morocco – UK Power Project, XLCC's first client project, through the delivery of four 3,800km subsea HVDC cables from a wind and solar generation site in Morocco to the U.K.Alan Mathers, XLCC director, said, “Our vessel will be, on delivery, the most sophisticated, capable and green cable layer in the world.

Somerset, Mass shipbuilder Gladding-Hearn Shipbuilding, Duclos Corporation, said it will build a a new Chesapeake Class pilot boat for the Bermudan Government's Department of Marine and Port Services.The shipyard, which built a 61’ pilot/rescue vessel for the port service in 2011, said the new launch will be built to Lloyd’s Register class for scheduled delivery in early 2023.With a deep-V hull designed by Ray Hunt Design, the new all-aluminum pilot boat measures 52.11’ overall, with a 15.10’ beam and a 4.8’ draft.

A.P. Moller-Maersk this week unveiled images and new design details for its series of eight 16,000 TEU containerships powered by carbon-neutral methanol.The groundbreaking vessels, ordered in August 2021 from South Korea's Hyundai Heavy Industries for expected delivery by early 2024, will feature an innovative dual-fuel engine setup that can operate on methanol and conventional low-sulphur fuel. With 16,000-cubic-meter tanks for green methanol, the vessels will be able to complete an entire round-trip…

Capital Ship Management is to secure ABS notations recognizing investment in decarbonization technologies for its newbuild orders for medium range tankers—said to be an industry first.ABS said it developed the notations with Capital’s input during the company's program of new construction projects. The HVSC-Ready notation is for vessels equipped for High Voltage Shore Connection systems to be installed in the future, and the Wind-Assist Ready notation is for vessels equipped for wind-assist equipment to be installed on board.The notations, which can be applied to any vessel type, were developed to support industry decarbonization efforts…

A.P. Moller-Maersk said on Tuesday it had ordered eight vessels which are able to run on carbon-neutral methanol to accelerate the decarbonization of its fleet and meet increased customer demand for greener transportation.The Danish company has vowed to only order new vessels which can use carbon-neutral fuel as it seeks to deliver net-zero emissions by 2050. As vessels typically have a lifetime of 20-35 years, this means it must have a carbon-neutral fleet by 2030.The eight vessels…

Without action from the shipping sector to decarbonize, the sector will be responsible for approximately 17% of global CO2 emissions by 2050. And given the scale of the change required, we must address this now. Across the industry, many are wrestling with what steps to take to drive their decarbonization journeys.Last year, Shell and Deloitte published a joint report, Decarbonizing Shipping: All Hands on Deck, assessing the key factors affecting decarbonization of the shipping sector.

As the lion’s share of the world fleet replaced high-sulphur fuel oil (HSFO) with low-sulphur fuel oil (LFSO) as a mean of propulsion to be compliant with the International Maritime Organization's (IMO) 2020 global sulphur cap that came into force on January 1, 2020, overall bunker sales rose in the world’s by far largest bunkering hub: Singapore.Total bunker sale volumes grew by 5% in 2020 and have continued to climb in the first two months of 2021 (+2.7% y/y),a n indication of the shipping industry’s ability to deliver all the way through the pandemic.

As the maritime world collectively feels its way forward in a time now defined by the COVID-19 pandemic, the organizers of the SMM in Hamburg, traditionally the world's largest and most influential maritime and shipbuilding trade event, share market overview insights on the economic consequences of the coronavirus pandemic throughout the the shipping industry.The Covid-19 pandemic has turned the world economy on its head. “The recession this year will likely be more severe, and recovery in 2021 will be slower than we anticipated two months ago…

The U.S.' National Oceanic and Atmospheric Administration (NOAA) said it expects to award contracts for the construction of two new oceanographic ships by the end of the year. Once in service, the new large oceangoing, multi-mission research vessels will support missions ranging from general oceanographic research and exploration to marine life, climate and ocean ecosystem studies, NOAA said.“When completed, these new state-of-the-art ships will be vital for collecting high-quality data and leading scientific discoveries,” said Neil Jacobs, Ph.D., acting NOAA administrator.

“Driving the maritime transition”: In times of the global climate debate and the digital transformation, SMM 2020 will once again be the focal point for decision-makers in the maritime industry.Topics that are currently high on the industry's agenda are highlighted in the new issue of the SMM Maritime Industry Report: Shipping, shipbuilding and supplier companies are especially interested in alternative propulsion technologies and attractive niche markets.The year 2020 marks a major turning point in international shipping: On January 1…

ChartCo is expanding its OneOcean digital solution with its new ’Fixed Price Pay As You Sail’ (PAYS) system.The brand-new product will be launched on July 1, 2019ChartCo is expanding its OneOcean digital solution with its new ’Fixed Price Pay As You Sail’ (PAYS) system which is the first such system to allow budgetary certainty and global ENC data for planning and navigation purposes.Vessels using PAYS will be tracked and only charged for ENC permits according to the routes they actually sail.

For a long time there has been a deficit of trained maritime officers in Brazil, as for decades the only accredited training institutes were run by the Brazilian Navy, where a very limited number of prospective maritime deck and engine officers could be trained at its two training institutes in the country. That's all changing now with the Institute of Nautical Sciences (ICN) leading the way.With the discovery of the pre-salt in 2007 and the continued growth of the maritime and offshore sectors, the lack of qualified Brazilian officers became acute. For many years, and even today, most offshore captains and officers are foreigners, while there is a more significant number of local captains and officers in the merchant fleet.

South Korea's Hyundai Merchant Marine (HMM) announced that it launches new Asia-North Europe Express (AEX) service in April. HMM opens a new Asia-North Europe loop in accordance with the increased demand for Express Service. AEX is an independent service operated by HMM outside of the strategic cooperation with 2M. In the meantime, HMM has utilized 2M’s vessel space in Europe trade. Last year, HMM’s handling volume dramatically increased to 4.03 million teu, up more than 30% y.o.y mainly in Asia, US and Europe trades. HMM will deploy ten Panamax (4,600 teu) vessels in AEX service and its first sailing begins on April 8th. Port rotation of the new service is Pusan, Shanghai, Ningbo, Kaohsiung, Shenzhen, Singapore, Colombo, Rotterdam, Hamburg, Southampton, Singapore, Hong Kong, and Pusan.

Hyundai Merchant Marine (HMM) announced that it has signed a formal contract with Daewoo Shipbuilding & Marine Engineering (DSME) for construction of five 300,000 dwt Very Large Crude Carriers (VLCC) with an option of five more vessels. HMM’s letter of intent with DSME for five VLCCs (+5 option) was singed back in April 2017. Under the agreement, DSME will build five VLCCs for HMM worth approx. KRW 470 billion (USD 420 million) that will be financed by the New Shipbuilding Program. As current market prices for new VLCCs have fell to the lowest level since 2003, HMM considered this year is the right time to order new VLCCs to take a proactive action towards market change. The VLCCs are set for sequential delivery in the 1st half of 2019. C.K.

GulfNav has marked another milestone by entering into strategic alliances with MENA ENERGY. The strategic alliances  for mutual co-operation in ship acquisition, chartering and commercial management aims to set out a platform for the parties to have an enhanced commercial relationship and to further strengthen their existing business ties. The parties have agreed that Gulf Navigation would acquire vessels that would be time-chartered to MENA Energy for carrying Crude and the petroleum products. It is intended that Gulf Navigation will acquire or order new builds up to 12 vessels ranging between 50,000mt dwt and 120,000mt dwt. Khamis Juma Buamim…

Overall confidence levels in the shipping industry fell in the three months to November 2015, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents in the markets in which they operate was 5.6 on a scale of 1 (low) to 10 (high). This compares to the 5.9 recorded in August 2015. The survey was launched in May 2008 with a confidence rating of 6.8. All main categories of respondent recorded a fall in confidence this time, most notably charterers (down from 6.5 to 5.5).

A record volume of capacity entered the container markets in 2015. But where have the ships been deployed, and which carriers have taken on the most? The shipping consultants Drewry released their container shipping review for the first quarter 2016, and the outlook does not look positive. The drop in newbuild containership orders could be continued as container shipping companies seem to be running out of profitable trades to deploy their big ships, in turn leading to a decrease in the economic imperative and the financial ability to order new vessel. “Last year was full of records in the container shipping industry, but unfortunately for carriers they were mostly of the unwanted variety.

The dry bulk market could become profitable again in 2019 – but only if a series of extremely tough and sustained measures are taken by shipowners, year on year. 2016 has to be the turning point in addressing the fundamental imbalance of the dry bulk market. We cannot expect any positive surprises from the slow-growing demand side. The enormous overcapacity of ships must be addressed starting now and continuing over at least the next three years. BIMCO President, Philippe Louis-Dreyfus, says: “The dry bulk market is in a terrible condition. A condition that can only be changed by industry actions. Past leaders of the industry have turned things around when needed in the 80s and 90s.

ESL Shipping Ltd and the steel company SSAB have signed a long-term frame agreement covering SSAB’s inbound raw material sea transports within the Baltic Sea and from the North Sea. The purpose of the agreement is to enable mutual, long-term gains in efficiency and to reduce overall logistics costs, while simultaneously making raw material logistics as sustainable and environmentally friendly as possible. At present, the aggregated sea transport volume covered by the agreement is estimated to be 6–7 million tons annually. Resulting from the agreement, ESL Shipping will order new, extremely energy-efficient LNG-fueled ships. These new, ice-class 1A ships will be the first LNG-fueled large bulk carriers in the world, representing the latest in technology and innovation.