The Importance of Methane Number for Marine Engines
The current standards for LNG for marine use (ISO 23306:2020) don’t define limits for Methane Number even though it is an important fuel characteristic that can vary with fuel source and the addition of bioLNG into fuel blends.Power generation organization CIMAC’s Working Group 17 says Methane Number is like the Octane Number of gasoline in that it is a measure of the fuel’s resistance to auto-ignition or engine knock.In diesel engine combustion…
EXMAR Reports Half-Year 2025 Results
EXMAR NV has reported net profits of USD$44.4 million for the first half of 2025, compared to USD$69.5 million a year earlier. Results were supported by resilient shipping operations, strong performance in engineering, and a one-off USD$15 million gain from the reversal of a warranty provision on the Marine XII project in Congo.Key Financials (proportionate consolidation, H1 2025 vs. H1 2024):Revenue…
Shipbuilding - JV Company Orders Containership Pair
ElbFeeder, a joint venture of the Icelandic transportation company Eimskip and German listed ship-owner Ernst Russ, signed contracts for a pair of 2,280-TEU container vessels with the shipyard China Merchants Jin Ling Shipyard (Nanjing) Co. Ltd. The newbuildings will be an addition to the ElbFeeder joint venture and expand it to a total of nine vessels. Options for two additional vessels were negotiated.The…
Dominican Navy Commissions Second Metal Shark Near Coastal Patrol Vessel
The Dominican Navy has received its second 85’ x 19.5’ welded aluminum Near Coastal Patrol Vessel (NCPV), built by Louisiana-based boat builder Metal Shark.Christened ARCTURUS CG-114 in keeping with the Dominican tradition of naming military vessels after constellations and celestial bodies, the new patrol craft was built at Metal Shark’s Franklin, Louisiana shipyard and officially incorporated into the Dominican Navy during a ceremony at the Port of Sans Soucí on August 31st.
Accelleron Report Calls to Decarbonize Shipping
Accelleron will launch a landmark Net Zero report at London International Shipping Week (LISW) this month, calling on shipping to join forces with other industries and pool demand for carbon-neutral fuels.The call to decarbonize shipping has sparked a technological renaissance in the past decade that has enabled vessels to slash emissions in a variety of ways and be powered by carbon-neutral fuels. But the production of such fuels at scale and at affordable prices has yet to materialize.
Orsted Wind Venture Sues Trump Administration Over Rhode Island Project Halt
Danish wind farm developer Orsted's Revolution Wind joint venture has filed a lawsuit against the administration of President Donald Trump over the U.S. government's decision to block construction of the project off Rhode Island, a court filing showed on Thursday.The U.S.
European Prosecutors Investigate Possible Offenses Related to Mediterranean Subsea Cable
European prosecutors are investigating possible criminal offences relating to a 1.9 billion euro ($2 billion) EU-financed project to build a subsea electric cable linking Europe to the eastern Mediterranean, Cyprus's president and the prosecuting agency said.Greek power grid operator IPTO is building the Great Sea Interconnector cable to link European and Cypriot transmission networks and later extend to Israel.The project has been hit by multiple delays…
Britain, Norway Sign £10b Maritime Defense Deal
Norway and Britain on Thursday (September 4) signed a £10 billion ($13.51 billion) agreement aimed at strengthening Norway's maritime defence capabilities, marking the Nordic country's largest military investment to date.Norway, which announced the deal on Sunday (August 31), said it had chosen Britain as its strategic partner for the acquisition of new frigates, following a competitive process that included proposals from Germany…
Master Boat, Austal Ink Shipbuilding Deal
Austal USA and Master Boat Builders, Inc. entered into a memorandum of understanding (MOU) establishing a strategic outsourcing partnership designed to expand U.S. shipbuilding capacity by increasing the ability of regional shipyards to take on large, complex programs for the U.S. government.The companies will collaborate on current programs under contract to Austal USA as well as collaborating on future efforts…
KVH linkHUB Media Server Receives CREST Cybersecurity Accreditation
KVH Industries has announced that its advanced KVH linkHUB Media Server has received CREST Accreditation from CREST Cybersecurity, a not-for-profit organization that accredits companies with cybersecurity services, in areas such as security systems for confidentiality, incident response, and penetration testing. The KVH linkHUB Server and Set Top Boxes (STB), which deliver award-winning KVH Link news and entertainment content to commercial seafarers…
FarSounder Introduces 3D Sonar Web Application
FarSounder, a leader in 3D Forward Looking Sonar (FLS) technology, has released its new web app with an intuitive user interface (UI). The highlight of this release is a powerful and integrative web app compatible with tablets and laptops, with plans to expand compatibility with multi-function displays (MFDs). This versatility allows captains and officers to access the advanced 3D display from virtually anywhere on board…
S. Korean to Invest $350B in U.S. Industries, including Shipbuilding
South Korea's pledge to invest $350 billion in strategic U.S. industries as part of a trade deal with Washington is likely to be led by state policy institutions that will provide funding on a case-by-case basis, the country's vice finance minister said.Under a trade deal struck in July to cap U.S. tariffs at 15%, the countries agreed to a financial package to support industries such as shipbuilding…
Trump Administration Drops Gauntlet on UN Fuel Rules, Threatens Tariffs
The United States has told countries to reject a United Nations' marine fuel emissions-cutting deal or face tariffs, visa restrictions and port levies, U.S. and European officials and sources told Reuters.The Trump administration is looking to boost U.S. economic might, including by taking a bigger role in global shipping, and has used tariffs as a weapon to extract better terms from Washington’s trade partners.In April…
Second-hand Containership Prices Soar in the Face of Soft Shipping Rates
Despite significantly weaker freight rates, the average price for five-year-old container ships has increased 17% year-on-year and 6% since the beginning of 2025,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The average per TEU price of a basket of seven five-year-old container ships was $9,761/TEU in late August 2024. Since then, the price has risen to $10,758/TEU at the beginning of 2025 and to $11…
