Hyundai Discussing Concessions with EU Regulators Over Daewoo Deal
The world's biggest shipbuilder Hyundai Heavy Industries Holdings Co Ltd is discussing concessions with EU antitrust regulators to allay concerns over its $1.8 billion bid for rival Daewoo, people familiar with the matter said.The deal, in part a response to overcapacity in the sector, would reinforce the South Korean company’s top position with a 21% market share, and comes as rivals in China and Singapore make inroads.The European Commission…
First Tanker to Load Crude at Libya's Hariga Port Since January
An oil tanker is expected to load crude at Libya’s Marsa el-Hariga terminal this week, the first since a blockade by eastern forces in January slashed the OPEC member’s oil production to a trickle.The Delta Hellas tanker will enter Libya’s Hariga port on Wednesday and load 1 million barrels of oil from the port’s storage, the Arabian Gulf Oil Co which operates the port said in a statement.Eastern Libyan commander Khalifa Haftar said last week his forces would lift their eight-month blockade of o
Maersk to Ship Cargo Between UAE and Israel
Danish shipping giant Maersk said it will now transport ocean cargo between the United Arab Emirates and Israel, a further sign of business opening up after the two countries established full ties.Earlier this month Israel and the UAE signed an historic agreement to normalize relations, marking a big development in economic collaboration and ending a ban on trade between the Gulf Arab state and Israel.“We have opened up cargo acceptance between UAE and Israel following the lifting of the boycott
Metal Shark Launches Expedition Yacht Portfolio
U.S.-based shipbuilder Metal Shark has launched a 48-meter (158’) aluminum catamaran expedition yacht, the first in its newly introduced lineup of high-speed, long range catamaran expedition yachts.The new Metal Shark M48, named Magnet, is the first-ever private recreational yacht built by Metal Shark, a diversified builder of aluminum and steel vessels for military and commercial operators worldwide.
Sweden Protests Russian Breach of Its Waters
Sweden has protested to Russia after two warships entered its territorial waters without permission, a defense department spokesman said on Wednesday, as Sweden agreed with two neighboring countries to deepen military cooperation.The spokesman said Sweden had called in Russian diplomatic representatives to protest the breach on September 14 by “two Russian corvettes which entered territorial waters…
US-China Trade War Shifts Asia’s Manufacturing Landscape -BIMCO
The peak season for containerized exports from Asia to the U.S. is now underway with the COVID-19 pandemic and astoundingly high freight rates making it easy to forget the trade war which has now entered its third year. However, despite the disruption this year, the effects of the tariffs remain clear and the long-term shifts that were already occurring before the pandemic are unlikely to be reversed.One of the most obvious impacts is the shift in the Asian manufacturing landscape.
ABB to Power P&O's New Hybrid Ferries
Swiss-based ABB said it has been awarded a contract from Guangzhou Shipyard International to supply electric, digital and connected solutions for two new vessels the Chinese shipyard is building for British operator P&O Ferries.The hybrid propulsion solution, using electric power from 8.8MWh batteries and diesel generators, will cut fuel consumption on P&O Ferries’ Dover-Calais route by 40%, ABB said.
Poulsson Reappointed as ICS Chairman
The board of the International Chamber of Shipping (ICS) reappointed Esben Poulsson, the current Chairman of ICS for a further two-year term.Having been at the helm of the shipping industry trade association since 2016, Poulsson has overseen ICS’s engagement with international bodies, national governments, and industry organisations on the key issues impacting international shipping. In the past year…
NAT Orders First New Ships in Four Years
Nordic American Tankers (NAT) said it has ordered two suezmax newbuilds from South Korean shipbuilder Samsung Heavy Industries, the shipowner's first newbuild orders in four years as slumping shipbuilders lower prices to attract business."The combination of specifications, quality of yard, price, payment terms and deliveries make this an attractive investment for NAT and is consistent with our strategy to expand and renew our fleet…
US Coast Guard Cutter Docks in Japan After Shipboard Fire
A fire-stricken U.S. Coast Guard cutter docked in Yokosuka, Japan Tuesday for inspection and possible repairs days after an onboard blaze left five crew members with minor injuries.Black smoke was reported on the cutter Waesche (WMSL 751) at 5:18 p.m. (local time) on Sunday while the ship was on deployed within the U.S. 7th Fleet's area of operations, the Coast Guard said.Onboard crews were able to contain the flames in the ship' exhaust stack and nearby spaces…
Russian Navy Vessel Collides with Container Ship in Danish Waters
A Russian navy vessel collided with a Swiss-owned container ship in Danish waters on Wednesday near the Oresund Bridge linking Denmark and Sweden, Danish defense authorities told Reuters.The Ice Rose, which was sailing from St. Petersburg in Russia to Gothenburg in Sweden, collided with a Russian frigate early on Wednesday morning, a spokesman for the Joint Operation Centre said.He said the reason for the collision was not clear…
Wärtsilä to Divest its JOVYATLAS Business
Finland-based Wärtsilä said it will divest 100% of the shares in Wärtsilä JOVYATLAS GmbH to Jacob Waitz Industrie GmbH, a German based industry holding.Wärtsilä JOVYATLAS has been manufacturing uninterruptible power supply (UPS) systems, rectifiers, power inverters, frequency transformers and resistors with related services for many industries for seven decades. The company became part of Wärtsilä as a result of the acquisition of L-3 Communications MSI in 2015.
Singapore Eyes Electric Harbor Boats to Cut Emissions
Singapore is seeking proposals on the electrification of small vessels known as harbourcraft as the industry transitions towards a low-carbon future, the Maritime and Port Authority of Singapore (MPA) said in a joint statement on Wednesday.The MPA is working with the Singapore Maritime Institute (SMI) to seek proposals from industry participants and institutes of higher learning or research institutes…
World's Top Ship Insurers Won't Cover Ships Linked to Nord Stream 2 Pipeline
The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.Associations belonging to the International Group of P&I Clubs, including the Shipowners' Club and the London P&I Club, said in a circular on Monday that it would not provide cover "for any activity involving or…
HMD Delivers Car Ferry Queen Jenuvia
South Korean shipbuilder Hyundai Mipo Dockyard (HMD) recently held a sail-off ceremony in Ulsan for the delivery of the 27,000 gross tonnage car ferry Queen Jenuvia to Sea World Express Ferry, the largest domestic car ferry operator.The ferry with maximum speed of 21.8 knots and capable of accommodating 1,284 passengers, 478 cars and 88 trucks (25 ton) is scheduled to provide the service between Mokpo and Jeju island from end of this month.The vessel…
KR Opens LNG Bunkering Simulation Center
The Korean Register (KR) said it established a new liquefied natural gas (LNG) fuel and bunkering simulation center (KR LSC) at its headquarters in BusanThe use of LNG as a ship fuel and demand for bunkering is expected to increase as a result of the International Maritime Organization's (IMO) regulations to reduce SOx, which came into effect at the beginning of this year, and with the strengthening…
USCG Awards Four More Fast Response Cutters to Bollinger Shipyards
Bollinger Shipyards said it has been awarded contracts to build four additional Sentinel-Class Fast Response Cutters (FRC) for the U.S. Coast Guard, bringing the total number of FRCs awarded to the Louisiana shipbuilder up to 60 vessels since the program’s inception. The Coast Guard’s Program of Record is to procure 64 FRCs.All four of the newly awarded FRCs will be built at Bollinger’s Lockport, La. facility and are scheduled to be delivered in 2022 and 2023.
Huntington Ingalls Industries Building Unmanned Systems Hub
Huntington Ingalls Industries (HII) is building a new hub for unmanned systems prototyping, production and testing to meet growing demand from the U.S. Navy for autonomous and uncrewed systems.The purpose-built Unmanned Systems Center of Excellence will include two buildings totaling over 150,000 square feet constructed on a 20-acre campus in Hampton, Va., the U.S.'s largest military shipbuilder said in announcing the center's groundbreaking on Tuesday.“With U.S.
Tug Sails Using AI Route Planner and Autopilot
A high-tech tug in the Netherlands has traveled without human intervention on an AI-optimized route from Boompjes to Waalhaven in the Port of Rotterdam, marking a milestone on the path toward fully autonomous and maritime sustainable operations.The milestone voyage was led by maritime service provider KOTUG International, ship design company Rotortug and tech start-up Captain AI, as part of the Netherlands…
Video: Cemre Launches SOV Wind of Hope
A new service operations vessel (SOV) was launched at the Cemre Shipyard in Turkey for French vessel owners Louis Dreyfus Armateurs (LDA).Upon delivery in 2021, the 84-meter SOV Wind of Hope will go to work for Danish wind energy giant Ørsted servicing its Hornsea Two offshore wind farm, with accommodations for up to 64 technicians who will service and maintain the wind turbines and an additional vessel crew.