Year News

Commodities trader Trafigura has placed an order to HD Hyundai Mipo Dockyard for the construction of four Medium Gas Carriers (MGC) that will be capable of using low-carbon ammonia as a propulsion fuel.The vessels will carry LPG or ammonia will be built at HD Hyundai Mipo Dockyard in Ulsan, South Korea.The first ship will be delivered in 2027. Each vessel, when delivered, will be equipped with a dual-fuel low-carbon ammonia engine, supporting Trafigura’s commitment to reduce the…

Crowley and Teamsters Union Local 901 have reached a new labor agreement to extend their longtime partnership into its sixth decade serving the shipping and logistics needs of Puerto Rico.The agreement, recently ratified by union members, covers the 200 employees who work at Crowley’s Isla Grande Terminal in San Juan until 2029. Employees there serve as port equipment operators, truck drivers and support operations in various other roles important to safe and reliable operations.“We have successfully worked with the Teamsters Union to provide safe…

The U.S. House Homeland Security Subcommittee on Transportation and Maritime Security will hold a hearing to discuss delays in the U.S. Coast Guard’s (USCG) shipbuilding and acquisitions programs.The hearing, announced by the subcommittee's chairman, Rep. Carlos Gimenez (R-Fla.) on Wednesday, will take place on May 7. It will examine the USCG's shipbuilding and acquisitions process, the state of efforts to modernize the service’s fleet and ways in which the Department of Homeland Security (DHS) can facilitate faster turnaround times for USCG acquisitions programs…

Shares of Norwegian Cruise Line Holdings fell more than 12% after the operator's downbeat first-quarter revenue overshadowed a raise in annual profit forecast on Wednesday.Expectations for cruise operators have generally become high after strong booking trends and demand drove up their results and shares last year.Shares of Norwegian and its rival Carnival have seen their growth temper from those highs, in part due to concerns around cost pressures and their brands' exposure to the Middle East conflict.Meanwhile…

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

The U.S. Navy's Submarine Industrial Base (SIB) program launched the Southern California Talent Pipeline Program in Newport Beach, Calif., April 26. The program will engage hundreds of shipbuilding and ship sustainment suppliers across the region to create maritime-focused manufacturing pipelines that revitalize the defense workforce by addressing critical skill gaps."The strength of the talent pipeline is as vital as any capability of a submarine," said Program Executive Officer Undersea Warfare Systems Rear Adm. Todd Weeks and executive sponsor, Southern California Talent Pipeline Project.

The El Nino climate phenomenon, not climate change, drove lower rainfall last year that reduced the Panama Canal's water levels and contributed to shipping restrictions that disrupted global trade, a study released on Wednesday found.Prioritizing water for human consumption rather than for the canal also played a role in shipping restrictions, according to the study by research consortium World Weather Attribution.Panama experienced its third-driest year on record in 2023, leading…

China on Wednesday launched sea trials for the Fujian, its third and most advanced aircraft carrier, state media reported.The start of tests by the Chinese navy came nearly two years after the aircraft carrier was first unveiled in June 2022.The Fujian, entirely designed and built domestically, is larger and more advanced than the Shandong, commissioned in late 2019, and the Liaoning, which China bought second-hand from Ukraine in 1998.The development of the Fujian is part of a build-up central to President Xi Jinping's bid to make China the preeminent military power in the region…

Since the European Union sanctioned Russian oil exports in 2022, crude oil and dirty and clean petroleum products (CPP) have found new buyers. “India and China have taken most of the crude oil and dirty products while Turkey and Brazil have emerged as the main buyers of CPP. Year-to-date, Brazil’s import of Russian CPP has increased by 135% year-on-year,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Historically, the US has been the main supplier of CPP to Brazil, accounting for about 50% of all Brazilian CPP imports.

Carbon Clean has achieved a fabrication milestone on Ørsted’s FlagshipONE project, Europe’s largest commercial-scale e-methanol facility under construction. The first equipment has been mounted on the structural steel of the first module, marking the start of the module assembly process.Once operational, Carbon Clean’s technology will be capable of capturing 70,000 tonnes of biogenic CO2 per year for Ørsted’s facility in Örnsköldsvik, Sweden.Carbon Clean’s CaptureX semi-modular technology for this project is being fabricated at Schwartz Hautmont’s site at the Port of Tarragona in Vila-seca…

Corvus Energy has been selected by HAF Power Solutions (HPS) to supply Energy Storage Systems (ESS) for the Energy Subsea Construction Vessel (ESCV) to be built for shipowner REM Offshore.The new ESCV is of ST-245 design and will be the first vessel to perform heavy construction work in both offshore wind and the subsea market with net zero emissions. The vessel will be equipped with dual-fuel methanol engines and a 1.7MW battery system. The batteries will be used for spinning…

The Biden administration on Tuesday unveiled a plan to sell offshore wind leases in waters off the coasts of Maine and Oregon later this year, saying projects in those regions could one day power a total of 6 million homes.The proposed sales are part of a five-year schedule of offshore wind auctions the Interior Department outlined last week. Putting wind turbines along every U.S. coastline is a cornerstone of President Joe Biden's agenda to decarbonize the electricity grid and combat climate change.In a statement…

Carnival's Princess banner is revising itineraries of two of its cruises undertaking a global voyage next year, amid uncertainties in the Red Sea, the cruise operator said on Tuesday.The company said the banner's two "2025 World Cruises"—Island Princess and Crown Princess—would no longer be visiting the Middle East and Asia, and instead would offer new port stops in Africa and Europe.Cruise operators such as Carnival and rival Royal Caribbean are exercising caution as attacks by Iranian-backed Houthi militants on vessels in the Red Sea disrupt shipping in the Suez Canal…

Enterprise Products Partners on Tuesday said it expects to have two contracts for its proposed deepwater oil export terminal by May 31 and reach a final investment decision before year-end.Enterprise's ambitious Sea Port Oil Terminal (SPOT), proposed off for a site off the coast of Texas, would be able to load two supertankers at a single time. It received a key government license this month, but is yet to sign any commercial customers.The cost of the project has soared to about $3 billion…

LDD, an Acteon company, has been awarded a contract by George Leslie to perform piling works on the Kennacraig Port's ferry terminal in Scotland.LDD, a marine foundations brand within Acteon, is supplying reverse circulation drilling (RCD) services to George Leslie to construct a new sheet pile quay wall at Kennacraig Port.The project is being undertaken in challenging ground conditions with hardness ranging from 90 to 150 MPa.Kennacraig is an existing operational ferry terminal, and the piling works will upgrade the port infrastructure to facilitate the use of new vessels.

Damen Shipyards has launched the second of its fully electric RSD-E Tugs 2513 at Damen Song Cam Shipyard.The tug is being built for the Port of Antwerp-Bruges, together with five conventional RSD Tugs 2513.When delivered later this year, it will be the first fully electric tug to operate in European waters.The port was one of the first to operate a conventional RSD Tug 2513 following Damen’s release of the vessel onto the market in 2018.The Port of Antwerp-Bruges, one of the busiest in Europe…

In 2021, nearly 500 million tons of goods valued at more than $158 billion moved on the U.S. inland waterways system, which includes a vast network of 12,000 miles of connecting waterways and 219 locks. The U.S. Department of Transportation Freight Analysis Framework freight forecasts suggest total water tonnage will increase at an annual growth of 0.7% per year through 2040.Earlier this year, the National Waterways Foundation (NWF) released updated data illustrating the economic impacts of the inland waterway systems within several key states.Data from 2021…

The U.S. military's cost estimate to build a pier off Gaza to deliver humanitarian aid has risen to $320 million, a U.S. defense official and a source familiar with the matter told Reuters.The figure, which has not been previously reported, illustrates the massive scale of a construction effort that the Pentagon has said involves about 1,000 U.S. service members, mostly from the Army and Navy.Still, the cost has roughly doubled from initial estimates earlier this year, according to a person familiar with the matter."The cost has not just risen.

The CEO of German container shipper Hapag-Lloyd said on Monday he expects that the Red Sea crisis can be overcome before the end of the year.Ship operators face prolonged disruption as Yemen-based Houthi militants attack vessels travelling on one of the world's busiest routes, causing costly redirections around Africa."It is my personal expectation that the Red Sea crisis will come to an end before the end of 2024," Chief Executive Rolf Habben Jansen said in an online discussion panel organised by the company.He said he was slightly more optimistic about the duration of the crisis than the ave

The IMO's Legal Committee met in person for its 111th session at IMO Headquarters in London from April 22 to 26 April 2024, and finalized guidelines on the fair treatment of seafarers detained on suspicion of committing crimes.These are to be applied where seafarers may be detained in a jurisdiction other than that of the seafarers' nationality on suspicion of committing crimes during the course of their employment on board a ship.The objective is to ensure that seafarers are treated fairly during any investigation and detention by public authorities…

H2SITE’s AMMONIA to H2POWER technology for ammonia cracking onboard has received Approval in Principle (AiP) from Lloyd’s Register (LR).The technology is an onboard containerized solution that produces fuel-cell-quality hydrogen using ammonia. This hydrogen can then be used by hydrogen fuel cells that can contribute to the vessel’s electrical power, or the hydrogen could be consumed directly in an internal combustion engine.Ammonia cracking is gaining momentum as a potential hydrogen…

Dales Marine Services Ltd and Dales Marine Services (Greenock) Ltd (Dales Marine) are accepting applications for their apprenticeship program, with the aim to foster talent within the ship repair and marine industry.Dales Marine currently has 33 apprentices undergoing training across its dry dock sites and is this year offering 12 new apprenticeship positions in mechanical engineering, steelwork and fabrication at its Aberdeen, Leith and Greenock facilities.The four-year apprenticeship program entails two years of training…

Norwegian offshore vessel operator DOF Group has secured two contracts with Brazil’s state-run oil and gas company Petrobras, worth over $192 million.Petrobras has awarded new long-term charter and service contracts to Norskan Offshore. and DOF Subsea Servicos Brasil, after a competitive tender process.The vessel Skandi Amazonas, which was on the spot market, is chartered for three years firm with two years mutually agreed option via Petrobras tender issued late in 2023, to operate…