Patriot Offshore Awarded 10-year CTV Contract for Empire Wind
Patriot Offshore Maritime Services NY, a subsidiary of Lake Success, N.Y. based Liberty Green Logistics, announced it has been awarded a 10-year contract to provide crew transfer vessel (CTV) services for Empire Offshore Wind LLC.Patriot Offshore's new CTV will service Equinor’s New York offshore wind farm during the construction and O&M phases of the project. The Jones Act qualified CTV will be constructed in a U.S.
Marine Travelift Debuts New Electric Mobile Boat Hoists
Sturgeoon Bay, Wis. based Marine Travelift has introduced its new Electric Series mobile boat hoists after over two years of design, manufacturing and in-depth factory testing.The 700-volt battery powered system for their 50BFMII boat hoist carries a 50 metric ton lift capacity amd performs much like a traditional Marine Travelift, but machine without the emissions of a diesel engine.“Our goal from…
Putin to Examine Black Sea Shipping Proposals from Turkey's Erdogan
Russian President Vladimir Putin said his Turkish counterpart, Tayyip Erdogan, had proposed reviving contacts on Black Sea shipping but that he had not yet had time to study the documents.Turkey and U.N. Secretary-General Antonio Guterres have long been seeking to get merchant shipping sailing more freely though the Black Sea, which in parts has become a naval war zone since Russia invaded Ukraine…
LNG Shipping Rates Tumble as New Vessels Enter Market
Liquefied natural gas shipping rates have hit multi-year lows and may extend losses going into 2025, analysts and shipping sources said, with new tankers being added at a faster rate than LNG production is rising and spot demand still tepid.New LNG tankers, built in anticipation of rising U.S. exports after a plunge in Russian gas supplies to Europe in 2022, are coming online earlier than liquefaction projects…
Did You Know? Reverse Proxy Phishing Serious Threat to Maritime Industry
Reverse proxy phishing, a more sophisticated version of classic phishing cyberattack, could significantly impact maritime sectors operations, from the disruption of shipping logistics to the manipulation of sensitive communication systems, resulting in delays, loss of reputation, and costly recoveries.According to the report from Marlink’s Security Operations Center (SOC) on cyber security threats…
Thordon Bearings Unveils Solution for Wireless Bearing Condition Monitoring
Thordon Bearings has unveiled a new wireless propeller shaft bearing wear measurement system, marking a significant advancement in hull and propeller shaft condition monitoring.Developed in partnership with CSignum, a UK-based underwater communications specialist, Thordon’s Bearing Condition Monitoring – Wireless (BCM-W) system adopts patented electromagnetic field signaling (EMFS) technology to transfer…
Wallenius Wilhelmsen Nets $766M Multi-Year Shipping and Logistics Deal
Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has signed a five-year agreement with an agriculture, forestry and roadbuilding equipment manufacturer to provide its shipping and logistics services.The agreement with an unnamed Wallenius Wilhelmsen’s client is valued at approximately $766 million in total, based on expected volumes over the five-year period.Rates are in line with current market levels and the agreement includes a partnership on decarbonization…
Wärtsilä to Provide Operational Support for Seven Capital Gas LNG Carriers
Technology group Wärtsilä has signed a five-year lifecycle agreement covering seven 174,000 m3 LNG Carrier vessels operated by Capital Gas Ship Management.The agreement with Wärtsilä will help Capital Gas to optimize the operations and maintenance of these seven vessels more effectively through 24/7 expert remote support and guidance for troubleshooting and maintenance using specialist diagnostic tools.It…
Which Shipowners are Choosing Ammonia?
The shipping industry is looking into ammonia as an alternative fuel for powering ships, amid other ongoing plans to cut carbon emissions and achieve net-zero by 2050.Here is a list of companies with ammonia-fuelled ship projects:NIPPON YUSEN KAISHA (NYK)NYK, with IHI Power Systems and Nippon Kaiji Kyokai (ClassNK), completed the world's first ammonia-fuelled tugboat, Sakigake, on Aug. 23. The vessel…
Ship Recycling Market Hopeful as Baltic Index Drops
There seems to be positivity in the ship recycling market as the Baltic Index’s main Sea Freight Index fell for its ninth consecutive week this week, dropping to its lowest levels of the year, reports cash buyer GMS.“In essence, this decline especially affects older trading fleets, which in turn has seen all recycling markets register imports at their respective waterfronts this week, including a welcome return from Pakistan to the fray,” says GMS.
Panama Canal Defies Drought: Net Income Surges to $3.45 Billion
The Panama Canal's profit increased about 9.5% in the fiscal year ended in September to $3.45 billion despite a severe drought that reduced the number of vessels that passed through the waterway, its authority said on Friday.Adverse weather conditions that reduced water available for the canal to operate forced the authority to cut the number of ships authorized to pass per day between late 2023 and early 2024…
US East Coast, Gulf Coast Port Workers Union to Resume Contract Talks in November
The union representing 45,000 East Coast and Gulf Coast dockworkers and a group representing employers will resume negotiations next month toward reaching a new six-year contract ahead of a Jan. 15 deadline, they said on Friday.The International Longshoremen's Association union agreed to end a three-day strike on Oct. 3 after it won agreement for a 62% wage hike over six years with the United States…
OOCL to Charter Six New Containerships from Seaspan
Orient Overseas Container Lines (OOCL) announced it has entered into charter agreements with Seaspan, to charter six brand new 13,000 TEU container vessels for a maximum aggregate amount of RMB 11.2 billion. The expected delivery of these vessels is from the fourth quarter of 2026 to the first quarter of 2028 and is to be chartered for 15 years from delivery."OOCL has been continuously assessing the global economic situation…
US Judge Approves Shipping Companies' Settlement with DOJ Over Baltimore Bridge Collapse
A U.S. judge approved on Friday a $102 million settlement by the companies that owned and operated the ship that struck Baltimore's Francis Scott Key Bridge in March, killing six people.The payment, approved by U.S. District Judge James Bredar, resolves the U.S. government's claims after the Justice Department filed a civil claim in September seeking $103 million from two Singaporean companies, Grace…
Naming Ceremony Held for Great Lakes' New Hopper Dredge Galveston Island
Great Lakes Dredge & Dock Company on Friday held a naming ceremony for its new hopper dredge, Galveston Island.The newbuild is the first of two new 6,500-cubic-yard-capacity trailing suction hopper dredges (TSHD) being built by Conrad Shipyard for the United States' largest dredging contactor.The dredge is equipped with a direct high-power pump-ashore installation, dredging system automation, dynamic positioning and tracking, U.S.
Sorenson Joins St. Johns Ship Building in VP Role
St. Johns Ship Building announced it has appointed Jim Sorenson as vice president of government sales. Sorenson will spearhead all government-related sales efforts at the Palatka, Fla.-based shipyard and report directly to Joe Rella, president of St. Johns Ship Building.With over 20 years of experience in the maritime industry, Sorenson brings a wealth of expertise in government and commercial sales, project management and customer relations.
Solstad Offshore Scoops $54M in New Vessel Contracts in Brazil
Norwegian offshore vessel owner Solstad Offshore has secured multiple contract awards with clients in Brazil for two of its anchor handling tug supply (AHTS) vessels and one construction support vessel (CSV).Solstad’s Normand Topazio and Normand Turmalina AHTS vessels have been awarded one-year contracts each, starting in October and November 2024, respectively. Both awards are in direct continuation of current contracts.Also…
Did You Know? Maritime Infostealer Incidents See Significant Rise in 2024
In the first half of 2024, the volume of cybersecurity incidents involving infostealers has increased significantly, and maritime victims have been no exception.Infostealers are a type of malware designed to steal sensitive information from an infected system, such as login credentials, financial data, browser history, and other personal or corporate information.The maritime industry relies heavily on interconnected systems and digital platforms to manage logistics…
Sofia Offshore Wind Farm Construction Well Underway
Van Oord has installed over a quarter of the foundations which will support Sofia offshore wind farm’s 100 wind turbines in the North Sea since the start of operations in May.The Dutch contractor Van Oord is using the Port of Tyne’s Clean Energy Park as a storage and marshalling base, benefitting from direct access to its deep-water quay and connection to the North Sea.The port has been welcoming the tallest offshore installation vessel in its history, the Aeolus.
Singapore Trials IHO S-100 Aboard Italian Navy Training Ship
The International Hydrographic Organization - Singapore Innovation and Technology Laboratory (IHO-Singapore Lab) is conducting trials of next generation IHO S-100 standards and dual format Electronic Navigational Charts (ENCs) on a prototype S-100 ECDIS [2] aboard the Italian Navy's training ship, Amerigo Vespucci.This is known as the “dual fuel” mode within the international hydrographic community…
