Ulstein: Is THOR’s Superpower Shipping’s Silver Bullet?
Shipbuilder and designer Ulstein is looking to take its revolutionary Thorium powered vessel concept from the drawing board to the deep blue sea. Is this the solution that industry, and society, have been searching for to enable a truly sustainable maritime future?Everything about the launch of ULSTEIN THOR was unexpected.The vessel concept, a 149m 3R (Replenishment, Research and Rescue) design with a Thorium Molten Salt Reactor (MSR), took the industry, and wider society, by surprise.
Techcross moves Japan Office from Fukuyama to Osaka
Techcross, a manufacturer of ballast water management system, announced on July 1, 2022, that it would move its Japanese office located in Fukuyama to Osaka.The Techcross ballast water management system has already been installed on more than 1,000 Japanese ships, occupying the largest market share in Japan. Techcross explained that its office has moved to the Osaka area, where transportation is convenient…
Seized Iranian-flagged Tanker Taken to Piraeus Port
An Iranian-flagged tanker seized by Greece in April, part of whose cargo was confiscated by the United States, was being towed to the port of Piraeus on Saturday, Greek coast guard officials said, after Greek authorities approved its release.For over two months the Iranian-flagged Lana has been anchored off the Greek island of Evia in a diplomatic impasse which strained Athens' relations with Tehran…
Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices
Russia announced on Friday a decree that seizes full control of the Sakhalin-2 gas and oil project in the country's far east, a move that could force out Shell and Japanese investors and adds another bullish factor to prices in a tight global LNG market.The order, signed on Thursday, creates a new firm to take over all rights and obligations of Sakhalin Energy Investment Co, in which Shell SHEL.L and two Japanese trading companies Mitsui and Mitsubishi hold just under 50%.
Cadeler Secures $192,3M Loan to Fund New Offshore Wind Vessels
Offshore wind installation contractor Cadeler has entered into a Senior Secured Green Revolving Credit Facility (“RCF”) of a 3-year term loan of EUR 185 million (around $192,3 million). Together with the company’s cash and cash equivalents, the RCF facility will be used to finance Cadeler's newbuild offshore wind turbine and foundation installation vessels, and acquisitions as well as for general corporate…
Back to The Future? Cargo Giant Cargill Turns to Sails to Cut Carbon
In a new take on ancient technology, Cargill, one of the world's biggest charterers of ships, is to add state-of-the art sails to a vessel early next year to test whether wind power can cut its carbon emissions, a top company executive said.With about 90% of world trade transported by sea, shipping accounts for nearly 3% of the world's CO2 emissions, yet environmental campaigners say efforts by the…
Bulgarian Military Destroy Naval Mine Off Black Sea Coast
Bulgaria's military late on Thursday carried out a controlled explosion of a Soviet-era naval mine that had drifted close to the country's Black Sea coast, the defence ministry said on Friday.Black Sea countries began to report the appearance of such mines floating in the sea after Russia invaded Ukraine in February. Russia and Ukraine accuse each other of planting them.The defence ministry said the…
Van Oord Orders Two Water Injection Dredgers
Dutch shipbuilder Kooiman Marine Group said it has secured a contract from Dutch dredging and marine services firm Van Oord to build two Water Injection Dredgers (WID) for delivery scheduled in the first half of 2024.The order follows the previous deliveries of the WIDs Maas and the Mersey delivered in mid-2021."The new vessels will have the same specifications, supplemented by innovative optimizations.
Manor Renewable Energy Orders Two Crew Transfer Vessels from Strategic Marine
Manor Renewable Energy (MRE) ordered two aluminium catamaran-type crew transfer vessels Strategic Marine. The vessels will support MRE’s offshore operations in the UK, Europe, and Asia.The two vessels, due to be named Manor Victor and Manor Vulcan, are both BMT designed 27m aluminium catamarans built by Strategic Marine in Singapore. They are powered by two Caterpillar C32 1450hp marine engines; each have a fuel capacity of 35…
U.S. to Add 6 GW of Offshore Wind Capacity Through 2029 -EIA
Power plant developers and operators plan to install more than 6 gigawatts of offshore wind capacity at sites mostly along the U.S. eastern seaboard over the next seven years, the U.S.
Biden Administration Offshore Drilling Plan Delayed
The Biden administration on Thursday delayed the rollout of a proposed five-year offshore oil and gas development plan that had been promised by the end of the month, according to sources.Interior Department Secretary Deb Haaland in May had vowed to unveil the draft proposal ahead of the June 30 expiration of the current plan. The department will not be able to hold any offshore oil and gas lease sales…
USCG Awards Austal USA Stage 2 Offshore Patrol Cutter Contract
Mobile, Ala. shipbuilder Austal USA has been awarded a contract to build up to 11 medium-endurance Offshore Patrol Cutters (OPC) for the U.S. Coast Guard.The initial $208.26 million award supports detail design and long lead-time material for one OPC, with options for production of up to 10 additional vessels, the Coast Guard announced on Thursday. The deal could be worth up to $3.33 billion if all options are exercised.The 11 Heritage class cutters…
Obituary: Captain Brian A. McAllister Passes Away
Capt. Brian McAllister, a prominent member of the American maritime industry and a true New York area maritime industry icon, has passed away.The following was posted on the mcallistertowing.com website:"It is with heavy hearts that we announce the passing of our beloved Captain. Brian, who changed the future of McAllister Towing when he bought the company with his brothers and cousins, passed away peacefully this morning at his home.
Shipbuilding: Ingram Marine Christens Four Towboats in One Day
On June 24, Ingram Marine Group held a special christening ceremony for four vessels: M/V Capt. Roy Daniels, M/V Randy Hooper, M/V Debbie L. Owen and M/V Harold B. Warren. The M/V Debbie L. Owen and M/V Capt. Roy Daniels are new builds. The M/V Randy Hooper and M/V Harold B. Warren are refurbished vessels.“The people we are honoring today are a testament to the kind of company we’ve worked hard to build.
Stolt-Nielsen Says 2022 Q2 Profit Best Since 2007
Norwegian chemical tanker owner Stolt-Nielsen on Thursday reported a second-quarter net profit attributable to shareholders of $58.6 million, with revenue of $689.1 million. This is an increased compared with a net profit of $52.3 million, with revenue of $606.2 million, in the first quarter.Niels G. Stolt-Nielsen, Chief Executive Officer of Stolt-Nielsen Limited, said the second quarter net profit…
Mediterranean: Three Tunisian Migrants Die, Three Missing after Boat Sinks
At least 3 Tunisians migrants died and another 3 were missing after their boat sank off Tunisia on Thursday, as they tried to cross the Mediterranean to Italy, a Tunisian civil protection civil offici
First Cargo Ship Leaves Ukraine's Occupied Port of Berdyansk
A first cargo ship has left the Russian-occupied Ukrainian port of Berdyansk, a local official said on Thursday, after Russia said the port had been de-mined and was ready to resume grain shipments."After a stoppage of several months the first cargo ship has left the Berdyansk port," Yevgeny Balitsky, a Russian-installed official in Russian-occupied areas of Ukraine's Zaporizhzhia region, wrote on…
Baudouin Unveils 6F21 Marine Engine
French engine manufacturer Moteurs Baudouin has unveiled the 6F21, its new 6-cylinder, 12.5-liter engine producing up to 735 kW/1000 HP.The 6F21 includes a strengthened engine structure to withstand high torque and a higher cylinder pressure well over 200 bar, the manufacturer said. A two-stage turbocharger system is also fitted on the engine, along with two intercoolers, and a high-end common rail system, operating at 2200 bar.
Dutch MARIN Launches Defense Department
The Maritime Research Institute of the Netherlands (MARIN) will combine its defense-related expertize as of July 1 in a new Defense department. MARIN said the aim was to properly coordinate defense activities MARIN-wide with Dutch, NATO and EU Defence partners, to optimally contribute with MARIN's knowledge contributes to an effective navy of the future. Pepijn de Jong, currently team lead Navy in the Ships department…
Boskalis to Install Substations, Monopiles for Ørsted, Eversource U.S. Offshore Wind Farms
Ørsted and Eversource, two companies that have partnered up to buiild offshore wind farms in the U.S. said Thursday they'd signed contracts with Boskalis to support the construction of their offshore wind project in the U.S.The work with Boskalis involves the foundation and offshore substations transportation and installation for the joint venture’s South Fork Wind and Revolution Wind projects, as well as scour protection installation contracts for its Revolution Wind and Sunrise Wind projects.
