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Friday, May 10, 2024
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Dynamic News

07 May 2024

Ripple and Marine Learning Systems Merge

© David / Adobe Stock

Maritime software brands Ripple and Marine Learning Systems are joining forces, coming together under a single brand focused on crew training and marine operations.The firms, both acquired by technology holding company Bleecker Street Group in 2023, have merged to become Ripple Operations.Post-merger, the new entity will provide human capital management, crew operations, training, learning and development solutions to maritime operators, supporting hundreds of thousands of mariners and operators across the ferry, cruise, offshore, fishery and tug, tow and barge industries.

06 May 2024

The Power of Now: Sailing Toward Shipping’s Climate Goals

bound4blue's unique suction sails (Photo: bound4blue)

When Bertrand Charrier worked with Jacques Cousteau four decades ago on the development of a revolutionary sail for the maritime industry, the time for widescale adoption of wind power wasn’t right. Now, he argues, there’s simply no time to waste.“Sometimes the best discoveries are rediscoveries.”Bertrand Charrier is a champion of simplicity. Sitting in a comfortable chair overlooking the rolling fields of rural France, he delivers frank observations backed by a blend of common sense and scientific expertise.The maritime industry…

03 May 2024

The Nordic Maritime Forum 2024 will happen in Oslo

Copyright Alexander/AdobeStock

In the heart of maritime excellence in Oslo, Norway, the stage is set for the Nordic Maritime Forum 2024 to bring together industry leaders, ranging from shipowners, ship managers, ports, regulators, and classification societies to technology companies and suppliers, for two days of dynamic discourse and collaboration. With dates fixed for June 18th and 19th, this eagerly anticipated event will serve as a foundational platform for delving into the key themes shaping the maritime…

02 May 2024

Long Term Rates Edge Up Globally as Red Sea Conflict Continues

© STOCKSTUDIO / Adobe Stock

Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market remains gripped by uncertainty in the Red Sea, according to new data on the Xeneta Shipping Index (XSI®).The latest data released by Xeneta on May 2 shows the Global XSI (the average rate of all valid long term contracts in the market) remained fairly flat in April at 154.3 points, up by just 1.7% from March.However, looking at sub-indices within this global figure reveals a dynamic market…

02 May 2024

Arctic in Focus at MRS '24

Copyright wifesun/AdobeStock

At the Maritime Risk Symposium 2024, scheduled for June 11-13 at Naval Postgraduate School, Monterey, CA, RADM Matt Bell, USCG (Ret.) facilitates a panel entitled: Multi-Service and Maritime Industry Collaboration in the Arctic, to better understand how the changing dynamics in the Arctic region will necessitate increased collaboration between the maritime services and industry to mitigate the risks of Arctic maritime operations. Joining RADM Bell on the panel are:RADM Megan Dean, Commander, U.S.

01 May 2024

Hearing Scheduled to Examine US Coast Guard Shipbuilding Delays

Construction of the USCG's Polar Security Cutter has fallen behind schedule. (Image: U.S. Coast Guard)

The U.S. House Homeland Security Subcommittee on Transportation and Maritime Security will hold a hearing to discuss delays in the U.S. Coast Guard’s (USCG) shipbuilding and acquisitions programs.The hearing, announced by the subcommittee's chairman, Rep. Carlos Gimenez (R-Fla.) on Wednesday, will take place on May 7. It will examine the USCG's shipbuilding and acquisitions process, the state of efforts to modernize the service’s fleet and ways in which the Department of Homeland Security (DHS) can facilitate faster turnaround times for USCG acquisitions programs…

25 Apr 2024

Bourbon Orders Exail Tech to Streamline Subsea Fleet’s Services for Offshore Energy

Bourbon Evolution 802 MPSV (Credit: Bourbon/Supplied by Exail)

UK-based Exail has secured a contract with French maritime services provider Bourbon to supply several units of its Octans Attitude and Heading Reference Systems (AHRS) for integration into Bourbon Subsea Services’s fleet.These units will be installed on multiple Bourbon Evolution 800 Series multi-purpose support vessels (MPSVs) dedicated to subsea operations at depths down to 3,000 meters.IMO-HSC certified, the Octans AHRS will enhance Bourbon vessels’ efficiency in installation…

23 Apr 2024

ICS Publishes New Edition of Shipping and the Environment: A Guide to Environmental Compliance

Emmanuele Grimaldi, Chairman of the International Chamber of Shipping, courtesy of ICS

International Chamber of Shipping (ICS) Publications has launched the fifth edition of Shipping and the Environment: A Guide to Environmental Compliance.This latest edition offers comprehensive updates and expanded insights into the intricate relationship between shipping operations and environmental protection.The fifth edition is a definitive guide, providing a holistic introduction to companies and crew members navigating this complex subject matter. Recognising the need for accessibility…

23 Apr 2024

Subsea Vessel Market is Full Steam Ahead

Rig move of Equinor oil platform Njord Alpha with AHTS vessels Magne Viking and Normand Prosper towing the platform.

Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly at the time of writing. Moreover, we register an interesting dynamic on the shipowner side, where everyone is trying to position themselves for the impeding market boom.Please note that vessel definitions and abbreviations in this part of our industry can vary…

22 Apr 2024

As Shale Oil Gains Slow, Deepwater Port Struggles for Customers

© vladsv / Adobe Stock

As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia.In April, Enterprise Products Partners' SPOT became the first project to receive a license from the U.S. maritime regulator for a deepwater port that could load two supertankers, each of which can carry up to 2 million barrels of oil at a time.But multi-year regulatory delays, a loss of commercial backers and slowing U.S.

16 Apr 2024

All American Marine to Build Research Vessel for Cal Poly Humboldt

(Image: All American Marine)

Bellingham, Wash. shipbuilder All American Marine (AAM) announced it has been awarded a contract to build a new research vessel for the marine sciences program at  the California Polytechnical Institute at Humboldt (Cal Poly).The vessel is a 78’ x 26.7’ semi-displacement aluminum catamaran that was developed by Nic de Waal of Teknicraft Design in Auckland, New Zealand. The vessel will be inspected to U.S. Coast Guard (USCG) Subchapter T standards and will operate as a multipurpose research vessel in the Near Coastal Waters of Northern California and Oregon, as well as Offshore on Ocean Routes.

16 Apr 2024

Wärtsilä Launches New High-Performance Thruster and Propulsion Control Solution

(Credit: Wärtsilä)

Wärtsilä has introduced a new high-performance thruster and propulsion control solution, which is said to raise the level of offshore dynamic positioning for greater efficiency and operational performance of vessels.The company’s new high-performance thruster and propulsion control solution package utilizes a combination of Wärtsilä’s WST-E embedded electric steerable thruster and WST-R retractable thrusters, together with an updated remote propulsion control system featuring an enhanced user interface ProTouch…

15 Apr 2024

Optimizing Blast and Paint Processes in New Construction Shipbuilding

(Photo: BlastOne International)

The efficacy of surface preparation and coating application in the new construction shipbuilding industry is fundamentally anchored in a well-coordinated, integrated approach. This intricate process, essential for achieving top-tier corrosion control, is methodically segmented into five crucial stages:Raw material entryPainting the modulesSmall partsPainting of erection joints at the module levelFinal paint and ship's completion. Each stage is crucial in its own right but achieves…

15 Apr 2024

MOL Ups Offshore Wind Game with New Deals

Rendering of Japan's first coastal module carrier (Credit: MOL)

Mitsui O.S.K. Lines (MOL) has signed a basic contract for the marine transport of offshore wind components with JFE Engineering Corporation, while also agreeing to build a new module carrier vessel with Taizhou Sanfu Ship Engineering.This will be first coastal module carrier in Japan to transport components for offshore wind turbine foundation components, according to MOL. MOL DrybulkThe vessel is scheduled for delivery in the spring of 2026, and will then engage in the coastal transport of offshore wind turbine foundations from JFE Engineering's manufacturing base in Kasaoka-shi…

10 Apr 2024

YSA Design Unveils Sail Powered Cruise Ship Catamaran

(Image: YSA Design)

A newly unveiled concept for a sail-powered catamaran cruise ship aims to offer a luxury cruising experience on board a vessel that can travel emissions free.The unique vessel design--codenamed "Seabreeze"--comes from Norway-based YSA Design, who engineered the 104.5-meter-long ship to feature four 50-meter-high foldable sails mounted on 6-meter-high bases on deck for emissions-free propulsion.“Sustainability is critical but cruise shipping also needs to continuously reinvent itself,” said Trond Sigurdsen, Senior Architect and Partner, YSA Design.

08 Apr 2024

Survitec Achieves ISO 23678 Certification

(Photo: Survitec)

Survival technology solutions provider Survitec reports it has become one of the first maritime safety companies to achieve ISO 23678:2022 1-4 certification.The standard was introduced in 2022 to establish the uniform and consistent training of personnel involved in lifeboat inspection, taking into account the mandatory requirements of resolution MSC.402(96).Achieving ISO 23678 certification was also a key factor in Survitec receiving renewed approval for the maintenance, inspection…

15 Apr 2024

MDL Assists Saipem on Gastrade’s LNG Development Off Greece

FSRU Alexandroupolis (Credit: Gastrade)

Maritime Developments (MDL) has assisted Saipem in progressing an LNG project offshore Greece, which included work on the connection of Gastrade’s Alexandroupolis floating storage regasification unit (FSRU) to the country’s gas transmission system.The project consisted of a FSRU and a mooring and pipeline system, connecting the floating unit to the Greek National Natural Gas Transmission System (NNGTS).An MDL flex-lay spread was used for the installation of two flexible risers…

03 Apr 2024

Eastern Partners with Royal IHC to Build USACE Hopper Dredge

(Photo: Eastern Shipbuilding Group)

U.S. shipbuilder Eastern Shipbuilding Group, Inc (ESG) on Wednesday announced it is teaming up with Dutch shipbuilding group Royal IHC to design and construct a highly automated hopper dredge for the U.S. Army Corps of Engineers (USACE).The diesel-electric vessel, contracted for the Department of Defense, will be constructed at ESG's Allanton and Port St. Joe facilities in Florida for scheduled delivery in 2027.The new 6,000-cubic-yard-capacity medium-class hopper dredge (MCHD) will be based at the Corps’ Philadelphia District…

26 Mar 2024

Leadership Profile: Tor Svanes and NAVTOR's Quest to Transform Shipping

Tor Svanes, Founder and CEO, NAVTOR. Image courtesy Navto

Compliance, performance, profitability, sustainability; take the biggest ‘pain points’ for almost any shipping company and watch NAVTOR’s digital ecosystem work wonders. Here Tor Svanes, Founder and CEO, explains how NAVTOR has grown to lead the smart shipping world, why the recent merger with Voyager Worldwide was so critical, and how he hopes to help steer the industry towards brighter, simpler, and more intelligent horizons.“The morning of the announcement I got a text from the boss of one of our biggest competitors…

25 Mar 2024

US Dredging: Plenty of Issues, New WRDA on the Way

(Photo: Janet Meredith / U.S. Army Corps of Engineers)

2024 marks another year for development of a biennial WRDA bill—Water Resources Development Act, critical legislation for the Nation’s waterways, ports and harbors. WRDA encompasses a range of issues, from environmental regs to energy use to agriculture and, of course, a focus on projects critical for economic growth.Because these are dynamic and timely issues, Congress and the maritime sector like to keep WRDA on a two-year reauthorization timeline. Indeed, the House Transportation & Infrastructure Committee, December and January, held three WRDA information hearings.

01 Apr 2024

Esgian Week 13 Report: Demand Shifts

© Kalyakan / Adobe Stock

Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand. Operations are expected to begin in the second half of 2024, with an unspecified jackup.Drilling Activity and DiscoveriesThe Norwegian Offshore Directorate (NOD) has granted Aker BP a drilling permit for an exploration well in…

19 Mar 2024

DNV and Ocean Sovereign Ink Deal on Fish Farming Superyacht

Source: Ocean Sovereign

DNV has teamed up with Ocean Sovereign to obtain French registration for the deployment of a unique fish farming superyacht.Ocean Ark’s patented advanced self-cleaning trimaran superstructure was developed by Ocean Sovereign according to MARPOL, SOLAS and IMO regulations. The vessel is designed to operate in high offshore waters, drifting with the natural current and natural fish shoals. The mobile nature of Ocean Ark will help to ensure the health and welfare of the fish and…

19 Mar 2024

World’s First Floating Wind Innovation Centre Opens

Source: ORE Catapult

The world’s first dedicated innovation centre for floating offshore wind has opened in Scotland.Located in the heart of Aberdeen’s Energy Transition Zone, ORE Catapult’s £9 million National Floating Wind Innovation Centre (FLOWIC), delivered in collaboration with ETZ Limited, is designed to help supercharge the development of floating offshore wind technology in the UK, with funding from both the Scottish Government and Innovate UK.Floating offshore wind represents a huge economic opportunity…