Ab News

Maritime Partners,a Louisiana-based provider of maritime financing solutions primarily focused on Jones Act vessels, announced the addition of Stephen J. Bordes and Greg Chase to its executive leadership team.Bordes joins Maritime Partners as its chief financial officer, and Chase as as the firm’s chief legal officer.Bordes brings to the company more than 20 years of experience in the fields of finance and fund management. Prior to joining Maritime Partners, he served as the CFO for New York-based American Industrial Partners…

Esgian reports rig-related updates from Dolphin Drilling, Diamond Offshore, and Seadrill in its Week 9 Rig Analytics Market Roundup.Report Outline:ContractsDespite Tullow Oil’s recent announcement that it would take a break from drilling offshore Ghana, Noble Corp. has stated that there has been no contract termination announcement and that its 12,000-ft drillship Noble Venturer is currently still contracted to Tullow into March 2025.Masirah Oil Ltd has signed a rig contract with…

Furetank adds another two Vinga vessels to the order line. Upon delivery, Furetank’s fleet will consist entirely of environmentally proven, top standard vessels with an average age of two years, the company said."We did our homework. This development towards sustainability has been an amazing journey," said Furetank CEO Lars Höglund.The vessels are number 20 and 21 in the Vinga series of intermediate size product tankers and will be fully owned by Furetank Rederi AB. They will replace older tonnage.The Vinga series has been rapidly expanded in the last few years…

Fujian Mawei Shipbuilding and Xiamen Shipbuilding Industry in China have ordered four MAN 10L32/44CR main engines in connection with the construction of a quartet of 41,000 dwt oil-and-chemical tankers for Bremen-based German Tanker Shipping (GTS).The construction of the 199-meter Swedish Fartygskonstruktioner AB-designed newbuildings is set to start at Xiamen Shipbuilding with delivery scheduled from mid-2025 onward. The order includes options for an additional two vessels.Each…

Built by Rauma Marine Constructions, in Rauma, Finland, and launched in 2021, the 150-meter-long Aurora Botnia boasts a long list of onboard equipment that help it to earn its “green” designation, a label that is confirmed via a Clean Design notation from classification society DNV. The ship is also compliant with the International Maritime Organization’s (IMO) 2030 greenhouse gas reduction target.Wasaline CEO Peter Ståhlberg describes Aurora Botnia as “a masterpiece of cooperation” and noted that the vessel is over 80% domestic made."I'm really proud of the Aurora Botnia.

bound4blue and Louis Dreyfus Company (LDC) announced today a commercial agreement for the manufacture and installation of four eSAILs on LDC’s chartered juice vessel, MV Atlantic Orchard, in collaboration with Wisby Tankers AB, Sweden (Wisby Tankers).Chartered by LDC and owned by Wisby Tankers, MV Atlantic Orchard will be retrofitted with four 26-meter-high eSAILs. The installation of the eSAILs is planned for 2024 and, depending on vessel routing, is expected to reduce annual…

Norway’s Prime Minister Jonas Gahr Støre and US Special Presidential Envoy for Climate John Kerry are co-leading an international initiative to accelerate reduction of emissions from the shipping sector, and on December 1, during COP28, they chaired a new round of announcements under that initiative, the Green Shipping Challenge.Various countries and organizations proposed measures to reduce emissions from shipping. This year’s announcements include:• Amazon: Amazon and other…

Kongsberg Maritime on Monday announced it has won a contract to supply design, engineering, and equipment for two MGO/biofuel and methanol-ready chemical tankers for Swedish tanker operator Sirius Rederi AB. The low emission 15,000dwt tanker vessels will feature a range of Kongsberg Maritime equipment and can operate on battery-powered hybrid propulsion. Options for further vessels are included.This latest contract builds on a current nine-ship program with fellow Swedish owner Terntank, with a similar design and equipment package.

Saab and GMV are collaborating in ASGARD, an EU-funded project that aims to improve maritime security when using GNSS and OSNMA. The project addresses the growing threat of GNSS spoofing and other cyberattacks on navigation systems used in the maritime industry.The ASGARD project, run by Saab and GMV, is an ambitious European Union (EU) initiative that aims to develop advanced technologies to improve Global Navigation Satellite System (GNSS) and Open Service Navigation Message Authentication (OSNMA) security in maritime environments.

ProMarine AG has launched an industry-first sustainable shipping fund with an initial portfolio of four methanol-fuelled MR tankers led by Proman and Stena Bulk.Low Emission Methanol Shipping Company S.C.A. SICAV–RAIF (LEMSCO) is the result of a collaboration between Proman and Stena Bulk. The fund is backed by equity investors and benefits from a green loan from ABN AMRO. LEMSCO's seed assets consist of four methanol fuelled vessels acquired from Proman and Stena Bulk: Stena Pro Patria…

BEMAC, as majority shareholder, together with Mitsui have entered into a share purchase agreement to acquire 100% of the shares of The Switch from Yaskawa Europe Holding AB (a wholly owned subsidiary of YASKAWA Electric Corporation).The Switch Engineering Oy and its group companies are manufacturers of permanent magnet machines (PMM), DC distribution solutions (DC-Hub), high-power AC drives (single drives) and high-speed induction motors.The Switch possesses technology in MW-class PMMs…

Crowley has appointed James Fowler as senior vice president and general manager of its Crowley Shipping business unit that serves U.S. and international maritime and logistics sectors.Fowler most recently served as managing director of marine and stevedoring operations for Cooper Marine and executive vice president for Blakeley BoatWorks, both headquartered in Mobile, Ala.“As Crowley advances its next generation of maritime services, James Fowler is ideally suited to bring the vision and leadership to help our customers…

Rederiaktiebolaget Eckerö, a Finnish shipping company providing passenger and cargo ferry services, has agreed to sell the M/S Birka Stockholm cruise ship to Rederi AB Gotland. The sale price is around 38 million euros.Delivery of the vessel to Rederi AB Gotland is expected to occur in April 2023.The ship sale will cause a write-down amounting to around 12 million euros in Rederiaktiebolaget Eckerö's Annual Report for 2022, which will be published on April 12, 2023. "This write-down deviates from the Q4 quarterly report that was published on February 28, 2023," Rederiaktiebolaget Eckerö explained.Built in 2004 by Aker Finnyards in Rauma, Finland, the Birka Stockholm is 177 meters long, 28 meters wide, and can accommodate 1800.

FureBear, a joint venture between Swedish shipping company Furetank and Canadian shipping company Algoma, together with U.K.-based Larsson Shipping, has taken over the ownership of Algoma’s product tanker Algonorth.The 2008-built, 6,958 dwt double hull product oil tanker has arrived from Canada to trade in Northern Europe under the new name Fure Skagen.Owned by FureBear and Larsson Shipping and flying the Faroe Island flag, Fure Skagen will be commercially managed by Furetank Chartering in the Gothia Tanker Alliance.Furetank and Algoma formed the FureBear joint venture in 2022…

With travel and tourism nearing pre-2020 levels, and transit systems benefiting from a return to work, passenger vessels have seen renewed activity. In its year-end review, John Groundwater, Executive Director of the Passenger Vessel Association (PVA), which advocates for the sector in Washington, D.C. wrote: “As we are nearing the end of the calendar year, we are delighted to report that our industry, and our members, are reporting far and wide that they have experienced very…

OXE Marine has developed a concept engine with hybrid drive that combines the diesel drive of OXE Marine's outboards with electric drive and thus offers even lower fuel consumption and carbon dioxide emissions. The OXE Hybrid 450 concept engine is said to be the world's first hybridized diesel outboard in the higher power classes and premiers at the International Boat Show in Miami.The OXE Hybrid 450 concept engine is based on OXE Marine's diesel outboard OXE300. By equipping the existing rig with a 400-volt electric motor connected to a lithium-ion battery…

SH Defence of Denmark; DA-Group and FORCIT Defence OY AB, both located in Finland, signed an MOU to explore the potential development oflaunching, laying, and storing sea mines via the Containerized Multi-Mission Module system called The CUBE.“The CUBE System from SH Defence is rapidly becoming the standard within modularization of maritime mission capabilities for naval, coast guard, and SAR vessels around the world, especially within NATO and around the Baltic Sea." said Lars Gullaksen…

Canadian shipping company Algoma Central Corporation on Thursday announced it has acquired two 18,894 dwt product tankers. Built in 2007, the sister ships were purchased to prepare for the coming replacement of two older vessels in the company’s Algoma Product Tankers fleet.“The vessels are high quality additions to our Product Tanker fleet,” said Gregg Ruhl, President and CEO of Algoma, “and mark an important step in our on-going fleet renewal journey, which is expanding to include renewal within our tanker fleet.

A newly announced zero-emissions electric ferry scheduled for launch in 2024 will be the first to service New York City as the marine industry continues to make strides to decarbonize its operations.The high-speed passenger vessel is the result of a partnership between local operator New York Cruise Lines and Stockholm-based Green City Ferries AB (GCF). It will be operated by New York Cruise Lines subsidiary New York Water Taxi on the Hudson River between Brooklyn and Manhattan.The newbuild, a Beluga24 catamaran developed by GCF, will have a capacity of 147 passengers and 28 bicycles.

In a ceremony held in Trinidad and Tobago on November 23, 2022, Proman Stena Bulk Ltd formally named its first newbuild IMOIIMeMAX methanol-fueled 49,900 DWT vessel, Stena Pro Patria.Stena Pro Patria is the first of three methanol-fueled vessels delivered in 2022 to the joint venture between tanker company Stena Bulk and the methanol producer Proman, with a further three newbuilds due for  delivery between now and 2024.The naming ceremony was the first for a methanol-fueled newbuild in Trinidad and Tobago, and was attended by Trinidad and Tobago’s Prime  Minister, Dr.

Diesel outboard manufacturer OXE Marine said it will use biodiesel for all development and testing of its products going forward.The company said it has decided to implement HVO100 in all development and testing after its recently published sea trials showed the company’s 300 hp diesel outboard OXE300 was tested against a gasoline outboard of equivalent power, where OXE Marine showed not only a 50% higher consumption in the gasoline outboard but a reduction of 92% net CO2 emissions compared to the gasoline alternative.As a step in the engineering process…

Denmark-based marine pump maker Svanehøj said Wednesday it had secured an order to deliver electric cargo pumps for seven LNG-/LBG-fueled chemical & product tankers. The client is the joint venture-company FureBear.Swedish Furetank AB and Canadian Algoma Central Corporation have entered into a joint venture agreement to construct eight LNG/LBG-fueled ice class 1A chemical & product tankers (17,999 DTW) to trade in Northern Europe.The joint-venture company, FureBear, is now placing a significant order with the pump specialist Svanehøj…

The Swedish-built Combat Boat 90 (CB 90) has established itself with military forces around the world as both a warrior and a workhorse. The 52-foot boats first entered service in 1991 as troop carriers with the Swedish Marines, which is still procuring them. There are more than 250 operating worldwide today.These rugged boats are optimized for high-speed / shallow-draft operations in and around Sweden’s many coastal islands, but they have also proven to be ideal for a variety of other applications and operating environments.The CB 90 is 52 feet long, with a draft of just 2 feet 7 inches.