Performance Shipping Buys an Aframax Tanker
Greek Tanker owner Performance Shipping Inc. on Tuesday announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 105…
Germany's Scholz Hopes for Baltic Sea LNG Terminal within Months
German Chancellor Olaf Scholz said he was confident liquefied natural gas (LNG) could start flowing into the country via the Baltic Sea port of Lubmin within a matter of months, as Germany rushes to phase out Russian energy imports."Our goal is to get as much as possible there by the turn of the year, or a little bit later, so we can get gas quickly from wherever," Scholz said on Tuesday in Berlin…
Wilhelmsen to Acquire Stromme
Wilhelmsen announced it has entered into an agreement with Seven Seas to acquire 100% of its shares in cargo hold cleaning subsidiary Stromme.Wilhelmsen will acquire the company in Norway from parent Seven Seas including operations in Germany and Singapore, as Stromme will transfer all of its people, business and assets into Wilhelmsen Ships Service. Stromme will retain its brand and operate as a fully owned subsidiary of Ships Service.
Keppel Offshore & Marine Ammonia Bunker Vessel Get ABS AIP
ABS issued approval in principle (AIP) to Keppel Offshore & Marine for the ammonia-fueled ammonia bunker vessel at the heart of Project Sabre, an initiative from a consortium of organizations to develop an ammonia bunker supply chain in Singapore.As well as ABS, the consortium includes A.P. Moller – Maersk, Fleet Management Limited, Keppel Offshore & Marine, Maersk Mc-Kinney Møller Center for Zero Carbon Shipping, Sumitomo Corporation, Kawasaki Kisen Kaisha, Ltd.
Baltic Dry Index Dips as Larger Vessels Retreat
The Baltic Exchange's main sea freight index fell on Tuesday, snapping a five-day winning streak, pressured by a fall in the capesize and panamax segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, dipped 112 points, or 4.3%, to 2,484.The capesize index lost 321 points, or 10.6%, to 2,710.Average daily earnings for capesizes, which typically transport 150…
Singapore Approves Ferry Service to Desaru, Malaysia
The Maritime and Port Authority of Singapore (MPA) has approved the application from Batamfast Pte Ltd (Batamfast) to operate the proposed ferry service of a direct…
Sea Machines Debuts AI-ris Computer Vision for Commercial Vessels
Marine perception sensor aims to provide high-def situational awareness to eliminate at-sea collisions and allisionsSea Machines Robotics unveiled AI-ris (Artificial Intelligence Recognition and Identification System), a new marine computer-vision navigation sensor designed to improve safety and performance while vessels are underway. Sea Machines’ AI-ris uses digital cameras and AI-processing to detect…
Old is Gold: Sky-high Cost of Ageing Containerships Sounds Inflation SOS
Shipping companies are transforming rust buckets into gold mines in a modern-day alchemy that could fuel already rampant inflation for years to come.The disruption to world trade caused by pandemic lockdowns and a shortage of new cargo vessels has pushed freight rates for ageing containerships to record highs.Cashing in on the boom, shipping firms are locking in long-term leases lasting three to four years…
New Product: ESAB Launches InduSuite for Robotic, Welding and Cutting Ops
ESAB recently launched InduSuite, a brand-agnostic portfolio of software applications designed to revolutionize workflow, quality, and business performance, to help fabricators and manufacturers improve operational efficiency. According to ESAB, InduSuite offers three key benefits: simplicity for accessing data and documents with an easy-to-use interface; real-time insight into performance, traceability and workforce accountability…
BMT, Penguin Commission Hybrid-electric Vessel for Singapore MPA
A hybrid vessel for the Maritime and Port Authority of Singapore (MPA), co-developed by BMT and Penguin Shipyard International, was recently commissioned.The hybrid-electric aluminium catamaran, dubbed MPA Guardian, is a 35-mpatrol boat designed to conduct patrolling activities, search and rescue, oil spill response, drone operations and salvage support. It will also be used as the government’s test…
James Fisher, Graig Debut New Ulstein Twin X-Stern SOV
James Fisher and Sons plc and Graig Shipping PLC unveiled a new service operation vessel (SOV) design concept, the Ulstein Twin X-Stern named ULSTEIN SX221 Diamond SOV to support the UK’s target of 50GW of offshore wind energy generation by 2030.The concept is the result of collaboration by the Diamond Consortium, a collaboration between James Fisher and Graig with support from DNV and design partner, Ulstein Design Solutions.
New Product: Saft’s newSeanergy 2.0 Li-ion Battery
Saft, a subsidiary of TotalEnergies, launched Seanergy 2.0, a new lithium-ion (Li-ion) battery system for full-electric and hybrid vessels. The system can be scaled to suit propulsion and other loads on board vessels including ferries, workboats and tugs, offshore support vessels, cruise liners and yachts.Seanergy 2.0 has high energy density of 130 watt-hours per liter (Wh/l), a compact solution for even the most restricted onboard spaces.
Key Suppliers On Board for Green City Ferries' Beluga24
An innovative ferry design from Sweden-based Green City Ferries, the Beluga24 comes with two emission-free options: battery electric for short journeys and hydrogen fuel cell for long ones. Designed as a multipurpose solution for public transportation with space for 147 passengers and 28 bicycles, it will be built in light-weight carbon fiber and with a foil-assisted hull."The key to build an emission-free passenger ferry is to combine light-weight hull technologies…
Marlink, BV Partner to Promote Digital Integration, Connectivity
Marlink and Bureau Veritas (BV) signed an agreement to accelerate the delivery of cyber-secure digital tools and safety services in the maritime industry. The agreement links Marlink’s smart hybrid connectivity with the remote digital and safety services provided by BV. Having identified crossovers in their mutual customer base, the partners will collaborate to enable maritime stakeholders to more…
MAN ES, UGS Make Joint Decarbonization Commitment
Following a meeting during the 2022 Posidonia trade fair in Athens, MAN Energy Solutions and the Union of Greek Shipowners (UGS) announced their mutual commitment to a policy of decarbonization, especialy in regard to the testing and development of alternative fuels and, more generally, the maritime value chain. This recognises the vital role that engine designers and manufacturers play, and that shipping’s…
Stena, Wärtsilä to Build World’s Largest Hybrid Ship
Wärtsilä will supply its hybrid propulsion system for three new RoPax vessel currently built for Stena RoRo, Europe´s largest ferry company. Two of the ferries will have a battery capacity of 11.5 MWh, reportedly making them the marine industry’s largest hybrid vessels to date.“Stena wants to be a frontrunner in decarbonizing our fleet and, together with our partners, pushing developments towards zero emission operations,” says Per Westling, Managing Director, Stena RoRo.
Briggs Marine to Provide CTVs for Neart na Gaoithe Offshore Wind Farm
U.K.-based offshore services firm Briggs Marine said it has secured a contract to deliver crew transfer vessel (CTV) services to the Neart na Gaoithe (NnG) offshore wind farm, currently under construction 15 kilometers off the Fife coast. The project is jointly owned by EDF Renewables UK and ESB.Utilizing its Damen 2610 vessel Forth Engineer, Briggs Marine will transfer technicians to turbines, substations…
Ukraine Hits Crimean Drilling Platforms
Ukrainian forces attacked drilling platforms in the Black Sea owned by a Crimean oil and gas company, the pro-Russian head of the annexed peninsula said on Monday…
Higher Vessel Rates Lift Baltic Dry Index
The Baltic Exchange's main sea freight index gained to its highest in nearly three weeks on Monday, helped by an uptick in capesize and panamax vessel rates.The overall index, which factors in rates for capesize, panamax and supramax vessels, added 18 points, or 0.7%, to 2,596, a peak since June 1.The capesize index gained 44 points, or 1.47%, to 3,031, the highest since May 26.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose b
Digitalization: Leveraging Digital Innovation in Offshore Energy
There is an increasing expectation that oil and gas firms can demonstrate their value and efficiency through more data-centric processes, managing costs and reacting more quickly to changing market conditions. While the sector has typically been slow to adopt digital innovations, today’s offshore energy markets are fluid and fast-changing, and the ‘business as usual’ model will not necessarily yield the best future results.AI…
