SCF gets $110m Credit Facility to Finance Ice-Class Shuttle Tankers
PAO Sovcomflot (SCF Group) signed a $110 million credit facility, for 10 years, with ING BANK N.V., SMBC BANK EU AG and UNICREDIT BANK AG, to finance two new ice-class shuttle tankers.The ships…
ClassNK grants Innovation Endorsement for Products & Solutions to SEAHARMONY’s “SEAWALKER web platform”
ClassNK has granted its Innovation Endorsement for Products & Solutions to “SEAWALKER web platform”, the software solution for remote assistance and complex maintenance…
Marine Concept Design: Ocean "Plastic Harvester" Completes Prototype Testing
Our Cleaner Planet, a non-profit startup with an 'innovative technique to remove plastics from our oceans', said it has completed prototype testing of its first plastic harvester and is now ready to move forward with larger unit testing. The program is scheduled to launch the first of its full-sized, plastic harvesters into ocean operation in 2025.“The test parameters for our 1:164-scale prototype were set up to evaluate speed and control and the first stage of the filtration process…
Shipowners Make Payoffs to Free Vessels Held by Indonesian Navy
More than a dozen shipowners have made payments of about $300,000 apiece to release vessels detained by the Indonesian navy, which said they were anchored illegally in Indonesian waters near Singapore, according to sources with direct knowledge of the matter.The dozen sources include shipowners, crew and maritime security sources all involved in the detentions and payments, which they say were either…
Shipbuilding: EPF-13 Christened for US Navy at Austal USA
Austal USA christened Expeditionary Fast Transport (EPF-13) USNS Apalachicola at its shipyard in Mobile over the weekend.Austal has delivered 12 EPFs since December 2012, and USNS Apalachicola is slated for delivery in the summer of 2022.The Honorable Kelly Loeffler, ship sponsor of USNS Apalachicola, performed the ceremonial bottle break over the bow of the ship, the 13th EPF designed and constructed by Austal USA and the second U.S. Navy ship to be named after the Florida coast city.
Amplify Energy Pulls Full-year Outlook after California Offshore Oil Spill
Amplify Energy Corp withdrew its full-year forecast on Monday, saying that a large oil spill from one of its subsea pipelines in southern California last month forced it to shut its operations in the region.In mid-October, the U.S. Coast Guard said about 588 barrels (25,000 gallons) of crude oil was spilt, about a fifth as much as it initially estimated, from a pipeline connected to an offshore facility…
Boskalis Clinches $515M Offshore Wind Installation Deal
Dutch marine contractor Boskalis has won a contract to transport and install the monopile foundations and substations for an offshore wind farm development.Boskalis did not say who the client was…
ABB to Deliver Magnet Shaft Generators for Himalaya's Bulk Carriers
ABB will deliver an equipment package for Himalaya Shipping's ultra-large bulk carriers that will feature innovative shaft generators with a Power-Take-Off (PTO) solution, comprising new drive systems and permanent magnet technology.The equipment will improve the energy efficiency of the ultra-large bulk carriers by up to four percent while enhancing operational flexibility, and save about 20 percent…
Eni: Coral Sul FLNG Complete and Ready to Sail Away to Mozambique
Italian energy industry giant Eni said Monday it had held the naming and sail away ceremony for the Coral-Sul FLNG unit, the first floating LNG facility ever to be deployed in the deep waters of the African continent. The event took place at Samsung Heavy Industries shipyard in Geoje, South Korea, in the presence of Filipe Jacinto Nyusi, President of the Republic of Mozambique, and H.E. Moon Jae-in…
Infrastructure Bill a Huge Boost for US Inland Waterways
The $1 trillion infrastructure package headed to President Joe Biden to sign into law will provide a welcome funding injection for America’s inland waterway infrastructure.The bipartisan Infrastructure Investment and Jobs Act was approved by Congress on November 6 and is expected to be signed by President Biden next week. The plan has money for everything from roads, bridges, ports and rail transit…
IMO Creates International Day for Women in Maritime
The International Maritime Organization (IMO) Council, meeting from November 8-12, established an International Day for Women in Maritime, to be observed on May 18 every year.Once adopted by the IMO Assembly in December 2021, the observance will celebrate women in the industry, promote the recruitment, retention and sustained employment of women in the maritime sector, raise the profile of women in maritime…
UAE, Bahrain, Israel and US Conduct First Joint Naval Drill
Forces from the United Arab Emirates, Bahrain, Israel and the United States Naval Forces Central Command (NAVCENT) began a multilateral maritime security operations exercise in the Red Sea on Wednesday, NAVCENT said on Thursday.This is the first publicly acknowledged naval exercise between the United States, Israel and the two Gulf countries.An Israeli naval officer, briefing reporters in Israel on the drill, said the start of such military cooperation under U.S.
New Patrol Boat Features Unique Hybrid-electric Propulsion System
A new patrol boat just launched by Ribcraft in Dubai is powered by a unique hybrid electric system supplied by Transfluid and Elcome International.The two companies collaborated to design and install the cost-effective diesel-electric system for the nine-meter Ribcraft professional-grade rigid-hull inflatable boat. A Middle Eastern customer required a patrol RHIB intended for the surveillance of the environmentally protected areas with zero environmental footprint…
Baltic Dry Index Records First Weekly Gain in Five
The Baltic Exchange's dry bulk sea freight index eased on Friday, but posted its first weekly rise in five weeks, helped by stronger rates for the larger capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax vessels, was down 37 points, or 1.3%, at 2,807.The main index gained 3.4% for the week.The capesize index eased 36 points, or 0.9%, to 3,836, snapping a five-session winning streak.
Master Boat Builders Launches Hybrid Tug for Seabulk
Seabulk's new electric-hybrid tugboat Spartan was launched on November 1 at Master Boat Builders' Coden, Ala., shipyard.Scheduled to be delivered in January 2022, the Robert Allan Ltd.-designed vessel has overall length of 98 feet, beam of 43 feet and bollard pull of 90 tons. The integrated hybrid propulsion system was provided by Thompson Tractor and includes two EPA Tier 4 certified Caterpillar 3512E main engines…
In the Shipyard: Austal USA Opens Ship Repair Business in Mobile
Known best for its construction of U.S. Navy warships, Austal USA in September 2020 acquired waterfront property along the Mobile River and established a commercial ship repair facility. Mike Bell, Austal’s VP Operations and Harley Combs, Director, Austal West Campus Ship Repair discuss the plan. Austal USA’s long-established shipbuilding facility in Mobile, Ala., is a modern ship manufacturing factory, one of the largest aluminum warship builders in the world producing new ships for the U.S.
Austal USA Picks Up the Lease on the Marine Group Boatworks' Ship Repair Yard
Marine Group Boat Works (MBGW) transfered the lease of its National City facility to Austal USA. The deal is scheduled to close mid-December 2021. This announcement comes after a period of unprecedented growth for MGBW in its yacht, commercial and specialty government craft divisions. The San Diego-based company will continue their focus on the growing superyacht industry and servicing commercial vessels, with emphasis on the high-speed ferry and tug and barge industries.
Serbia Restores Warship that Fired First Shots of World War One
Serbia has finally recalled to service as a floating museum a warship that fired the first shots that began World War One, following years of lobbying from navy ship enthusiasts who wanted it restored.The SMS Bodrog was one of two Austro-Hungarian heavy gunboats that sailed into the confluence of the rivers Sava and Danube around midnight on July 28, 1914. Its two canons hurled shells at Serbian positions in Belgrade…
SHI SVESSEL "Smart Ship" Design gets BV Cyber Secure AIP
Samsung Heavy Industries Co., Ltd (SHI) received an Approval in Principle (AiP) for an LNG carrier design under Bureau Veritas’ (BV) Cyber Managed Prepared notation. The certificate was delivered to the Hyun Joe Kim, Vice President of SHI, by Christophe Capitant, Chief Country Executive of BV Korea, at a ceremony on SHI R&D Center in Daejeon, Republic of Korea.SHI has received the AiP for its SVESSEL smart ship solution, which focuses on complete digitalization of the ship and its applications.
Hapag-Lloyd Profit Soars 10-fold on Record Freight Rates
German container shipping line Hapag-Lloyd reported a more than 10-fold surge in nine-month net profit on Friday, citing record freight rates amid scarce transport capacity and rising transport volumes.The world's fifth biggest operator said net profit climbed to 5.6 billion euros ($6.41 billion) in the January-September period, from 538 million euros a year earlier.It expects earnings momentum to…
