New Chief Executive Appointed at MPA Singapore
Ang Wee Keong, currently the Assistant Chief Executive (International) of the Info-Communications Media Development Authority (IMDA), will take on the role of Chief Executive of the Maritime and Port Authority (MPA) effective June 16.In his current role, Ang has made significant contributions in advancing Singaporeās digital interests and thought leadership in the international arena. He strengthened Singaporeās network of digital economy partnershipsā¦
Mediterranean ECA Effective May 1
The Mediterranean Sea Emission Control Area (ECA) for sulphur oxides enters into effect on 1 May.This will make the Mediterranean Sea the fifth ECA for sulphur oxides in the world.In the Mediterranean Sea, it means ships will have to use marine fuel with lower sulphur content, down from 0.5% (a global requirement) to a maximum of 0.1%.Sulphur oxide emissions lead to sea and land acidification and contribute to fine dustā¦
Corvus Battery System Tapped for New LNG Container Vessels
Matson Navigation Companyās three new 3600 TEU Aloha Class containerships, the largest container ships built in the United States, will use Kongsberg Maritime Hybrid Electrical Systems that incorporate Corvus Energy Orca ESS, the ships designed by KOMAC.With a carrying capacity of 3,600 TEU, the 854-ft (260-m) containerships are the largest of the type being built in the U.S. Matson is expanding its fleet of two Aloha Class vessels with the addition of threeā¦
Feadship Launches Project 827, Ready For Outfitting and Sea Trials
Feadship celebrates another milestone as Project 827 emerges from the shed at the Amsterdam facility. Measuring 71.76 meters, this forward-thinking yacht is now ready for final outfitting and sea trials.Project 827 features exterior design and styling by Studio De Voogt, with elegant lines and low bulwark. From the extended sundeck forward to the wide swim platform aft, the yacht blends spacious deck areas with generous interiors designed for multi-generational enjoyment.
ClassNK Releases Ship Management Guidelines That Draw on Successful Case Studies
ClassNK has released "Prime Shipmanagement Guidelines," which aim to achieve sustainable ship management with safety as the highest priority. With an evolving environment surrounding ship management, including fuel transition, stricter regulations, and crew shortage, ClassNK aims to enable flexible responses to unexpected situations by drawing on lessons learned from successful case studies that had not received much attention before.At seaā¦
Russian ESPO Blend Oil Freight Rates Hit Lowest Since January
Freight rates for ESPO Blend crude shipped from the Russian port of Kozmino to China eased further in April to the lowest since mid-January on higher availability of tankersā¦
Indian Oil Signs Five-Year LNG Deal with Trafigura
Indian Oil Corp has signed a five-year import deal with trader Trafigura to buy 2.5 million metric tons of liquefied natural gas (LNG) in a $1.3ā$1.4 billion deal, Chairman A S Sahney said on Wednesday.Supplies under the deal would begin from the second half of this year, he said, adding that the price of the LNG is linked to the U.S. Henry Hub benchmark.Trafigura will supply 2.5 million tonnes of LNGā¦
Norwegian Cruise Line Misses Quarterly Estimates Amidst Tariff Uncertainties
Norwegian Cruise Line Holdings missed estimates for first-quarter revenue and profit on Wednesday and warned of weak consumer spending on premium voyages due to growing concerns over a possible recession, sending its shares down 9%.The cruise operator said it was expecting annual net yield - profit made per passenger after costs - below the prior range and softness in booking trends due to macroeconomicā¦
Ukrainian Navy Retrieves and Defuses Russian Bomb from the Black Sea
Ukraine's navy said it retrieved and defused a Russian FAB-500 aviation bomb at the shores of Odesa on Tuesday (April 29).Reuters was not able to verify the location or date of the Navy's footage from underwater and from the controlled explosion, however, a Reuters correspondent filmed the Navy retrieving the bomb from the sea.Demining experts retrieved the bomb from a depth of 20 meters, transported it to the shore and detonated it, the Navy said.Navy spokesman Dmytro Pletenchuk said until 2023
Philippines and New Zealand Strengthen Defense Ties with Troop Pact
The Philippines and New Zealand strengthened defence ties with the signing of a landmark troop pact on Wednesday, opening the way for expanded military cooperation amid shared security concerns in the Indo-Pacific region.The Status of Visiting Forces Agreement, signed in Manila by Philippine Defense Secretary Gilberto Teodoro and NZ Defence Minister Judith Collins, allows the two nations to deploy troops on each other's soil, making it easier for their militaries to work together.New Zealand too
Coast Guard, Partners Target Containers at Port of New York and New Jersey
Coast Guard Sector New York personnel conducted three warehouse spot checks at the Port of New York and New Jersey this week, uncovering a 60% deficiency rate in hazardous material compliance. The targeted inspections, driven by Customs and Border Protection (CBP) container screening data, are part of an expanded effort to detect undeclared hazardous cargo before it can pose a threat to port safety or vessel crews.
Parkburn, Scantrol Collaborate for Offshore Support Vessel Performance in Ultra-Deep Waters
In the demanding environment of ultra-deep waters, where reliability is paramount, Parkburn Precision Handling Systems and Scantrol AS have joined forces to deliver an impactful solution. This collaboration has enabled Stabbert Maritime Group's Offshore Support Vessel (OSV) Ocean Guardian to achieve successful operations since delivery over two years ago.Parkburn, an innovator in winching technologies and cable handling systems across the marineā¦
dāAmico International Shipping Announces New Time Charter Contracts
dāAmico International Shipping S.A., an international marine transportation company operating in the product tanker market, announced that its operating subsidiary, dāAmico Tankers D.A.C. (Ireland), has recently signed new 12-month time charter agreements for two of its Eco-MR2 vessels and one of itsEco-LR1 ships, all with reputable counterparties and at very profitable daily hire rates.
Wärtsilä Expands Introduces NextDF Technology for Third Engine
Technology group Wärtsilä has introduced its NextDF technology for a third engine, the Wärtsilä 46TS-DF dual-fuel engine. While operating on liquefied natural gas (LNG), the Wärtsilä 46TS-DF engine with NextDF feature reduces methane emissions to less than 1.4 percent of fuel use across all load points, achieving as low as 1.1 percent in a wide load range. This is nearly three times lower than the default methane slip factor of 3.1 percentā¦
BIMCO: Dry Bulk Market Supply and Demand Balance Will Weaken in Coming Years
The tariff increases by the US and China in effect as of April 25 are estimated to directly affect 4% of dry bulk ton mile demand. They are expected to impact the growth of minor bulk cargo volumes, as shipments to the US may stagnate or decrease. On the other hand, China is expected to increase purchases of dry bulk cargoes from other countries, leading the US to seek alternative markets.āWe expect that the dry bulk marketās supply/demand balance will weaken in both 2025 and 2026.
Wattlab SolarDeck: Solar Power for Ships at Sea
Wattlab introduced its SolarDeck - a modular and scalable system of deck-mounted solar panels that is designed to yield "significant reductions" in fuel consumption and CO2 emissions - for the seagoing shipping industry, with an expected ROI of 3-5 years.Established in 2017, Wattlab has spent its first years of operations focusing on the inland shipping sector with its Solar Flatrack, a modular solar energy system consisting of movable and stackable integrated solar panels and inverters.
Kongsberg to Supply Stabilizers for Chesapeakeās Cruise Ship Newbuilds
Kongsberg Maritime has strengthened its 15-year partnership with Chesapeake Shipbuilding in the United, through the supply of its Aquarius retractable stabilizers that will be installed on the latest newbuild cruise ships for American Cruise Lines (ACL).The Aquarius retractable stabilizers offer high-performance roll damping, compact and lightweight design, and advanced control systems.They are specifically engineered for smaller vesselsā¦
INEOS, Covestro Agree Eight-Year LNG Gas Supply
INEOS and Covestro have signed a long-term agreement for the supply of natural gas for up to eight years, starting 2027.The agreement builds on INEOS' newly established LNG supply chain, and both companies' commitment to support European industrial competitiveness.Covestro uses natural gas as a feedstock as well as an energy source. The partnership will enable the supply of natural gas sourced from INEOSā global LNG portfolioā¦
TMC Books Compressors Orders for FPSO and LNG Vessels
TMC Compressors (TMC) has secured orders for complete marine compressed air systems for 12 liquefied natural gas (LNG) vessel newbuilds and one floating production storage and offloading (FPSO) unit.As part of the first order, Hanwha Ocean picked TMC to deliver the marine compressed air system to 12 LNG vessels the South Korean shipbuilder is constructing for an undisclosed LNG shipping major.Under the contractā¦
"Lone Ranger" Onboard Carbon Capture for Maritime Vessels gets DNV DBA
Carbon Ridge received Design Basis Approval (DBA) from DNV for its Onboard Carbon Capture System (OCCS).This milestone confirms that the foundational design and technical assumptions behind Carbon Ridgeās OCCS meet DNVās safety and regulatory standards, clearing the path for future type approval. The DBA represents a significant milestone before Carbon Ridgeās upcoming first onboard deployment of Carbonā¦
