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Thursday, March 28, 2024
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18 Mar 2024

New International Partnership Set to Speed Up Offshore Wind Installations in US

(Credit: Maersk Supply Service)

Danish offshore marine services company Maersk Supply Service and U.S. vessel owner Edison Chouest Offshore (ECO) have partnered up for the construction and operation of a windfarm feeder concept specifically designed for Maersk Supply Service’s next-generation wind installation vessel (WIV).The purpose-built feeder spread includes two tugs and two barges to be delivered in 2026. They will be owned and operated by ECO and constructed by Bollinger Shipyards – the largest privately-owned shipyard group in the United States.As a key component to the installation process…

06 Mar 2024

Hanwha Launches New Affiliate Rounding Off Its Total Shipbuilding Solutions Capabilities

Hanwha Engine Launch Ceremony (Credit: Hanwha)

With the launch of Hanwha Engine, South Korea’s shipbuilder Hanwha has become fully equipped to provide total shipbuilding solutions, including engine production with in-house manufacturing and technology capabilities.Hanwha has officially launched its new affiliate, Hanwha Engine, after successfully acquiring HSD Engine, the world’s second-largest marine engine company in terms of market share.According to the company, it will leverage Hanwha Engine’s abundant experience in marine engine production and the synergy among Hanwha affiliates to develop and commercialize eco-friendly fuel engines…

27 Feb 2024

Centerline Logistics Acquires Tugs and Barges from JMB Shipping

(File photo: Centerline Logistics)

Seattle-based maritime transportation provider Centerline Logistics announced it has acquired a fleet of four liquid tank barges and four tugboats from maritime asset holding company JMB Shipping.The deal closed on February 23, and its terms were not disclosed. Prior to the acquisition, JMB Shipping was owned by JMB Capital Partners Lending, an investment firm that bid $115 million in 2021 to purchase a portion of Bouchard Transportation's tug and barge fleet after the New York-based marine transport company went bankrupt.

26 Feb 2024

Svitzer Reports 2023 Revenue Growth of 6%

Source: Svitzer

Towage and marine services company Svitzer has published its 2023 annual report, showing that total revenue grew 6% to DKK 5,786 million driven by, among other things, a record number of harbour towage tug jobs of more than 150,000.Adjusted for foreign exchange impact, total revenue grew 9.5%. Operating profit (EBITDA) was up 4% to DKK 1,690 million, corresponding to an EBITDA margin of 29.2%. In the past five years, total revenue has on average grown by almost 6% annually with an average EBITDA margin of 30%.

22 Feb 2024

Virtual Marine: Simulator Training is the Real Deal

(Photo: Virtual Marine)

In the commercial maritime and offshore industries, where worker safety and competency are crucial, effective training practices are an absolute must. While hands-on, in-the-field learning will always be a vital component of any mariner’s training, marine simulation has become a welcome enhancement to the education process. And in some cases, it’s seen as a safer alternative to traditional survival craft and rescue boat training.A leader in this space is Virtual Marine, based in Newfoundland and Labrador.

22 Feb 2024

WinGD and Mitsubishi Compete Initial Ammonia Fuel Supply System Design

Marine Ammonia Handling System (MAmmoSS) - Credit: Mitsubishi Shipbuilding

Swiss marine power company WinGD and Japanese shipbuilder and technology developer Mitsubishi Shipbuilding have completed the initial design of an ammonia fuel supply system (AFSS) for vessels powered by WinGD’s X‑DF‑A ammonia-fueled engines.The AFSS design is the first result of a wide-ranging partnership announced last year that will develop solutions for ammonia engines and fuel systems that can be applied across a range of vessel designs.The project will now proceed to the detailed design phase…

29 Jan 2024

Saltchuk Takes Anther Run at OSG Takeover

FILE PHOTO: The Greenbrier Companies, Inc.

Seattle-headquartered Saltchuk Holdings has renewed its bid to take over Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla.Privately-held Saltchuk—OSG’s largest shareholder—had previously offered to acquire OSG in June 2021 but suspended those discussions several months later, citing pandemic-related market uncertainties.OSG, which operates U.S.-flag tankers and articulated tug barges (ATB), on Monday confirmed its board of directors…

25 Jan 2024

Vard Delivers Ammonia-Ready Armada Vessel to Ocean Infinity

(Credit: Vard)

U.S.

16 Jan 2024

Accelleron Helps KMTC Save Over $500M with Digital Optimization Tool

© Genya / Adobe Stock / Editorial Use

Korea Marine Transport Company Ship Management (KMTC SM) has reported annual fuel savings worth approximately $540,000 in total, after installing Accelleron’s digital engine optimization solution Tekomar XPERT on 12 Panamax vessels.Tekomar XPERT delivers engine optimization recommendations based on thermodynamic insights that aim to bring engines back to operating performance achieved at ‘new’ condition.The solution can be applied to any engine and turbocharger make. KMTC SM followed the advisory from Tekomar XPERT…

15 Jan 2024

Inchcape Shipping Services Names Svend Stenberg Mølholt CCO

Svend Stenberg, Chief Commercial Officer at Inchcape Shipping Services. Credit: Kasper Fuglsang

Port agency and marine services company Inchcape Shipping Services (ISS) announced the appointment of Svend Stenberg Mølholt as Chief Commercial Officer, effective January 9, 2024.Svend has been in the shipping industry for 20 years, most recently serving as the Group COO in Monjasa Holding, a global fuel and shipping company. While serving as the Group COO, Svend also held the position of Chairman of the Board at RelateIT, one of Denmark’s largest NAV/Business Central partners.

21 Dec 2023

ACBL Names Schappell SVP of Logistics & Network Operations

Steve Schappell (Photo: ACBL)

Jeffersonville, Ind. based marine transportation company American Commercial Barge Line (ACBL) announced Steve Schappell has been appointed Senior Vice President of Logistics and Network Operations after entering the role on an interim basis in September.Schappell, who joined ACBL in July 2021 as Vice President of Supply Chain and Continuous Improvement, was selected for the position over several external candidates, the company said.Reporting directly to ACBL CEO Mike Ellis, Schappell is responsible for ACBL's Fleets, Terminals, and Interchange business unit.

04 Dec 2023

Offshore Wind: Great Lakes Awarded Another Rock Install Job

Rendering of Great Lakes' subsea rock installation vessel Acadia, currently under construction at Philly Shipyard. (Image: Great Lakes Dredge & Dock Corporation)

U.S.-based dredging and marine services company Great Lakes Dredge & Dock Corporation on Monday announced it has been awarded a third rock installation contract to perform subsea rock cable protection on an offshore wind project off the East Coast of the United States. The project remains subject to the client’s final investment decision (FID).Great Lakes will use the first Jones Act compliant subsea rock installation vessel, the Acadia, currently under construction at Philly Shipyard in the U.S. to execute the project. The project scope includes procurement of rock from our U.S.

29 Nov 2023

WinGD Debuts Variable Compression Ratio Technology

Source: WinGD

Swiss marine power company WinGD will realise the first commercial instalments of its new variable compression ratio (VCR) technology on two new dual-fuel LNG powered vessels being built for NYK Line.A 95,000 DWT bulk carrier being built at Oshima Shipbuilding and a 7,000 CEU pure car and truck carrier (PCTC) being built at Shin Kurushima Dockyard will be the first two-stroke powered vessels that can dynamically optimise combustion depending on the fuel being used – delivering improved emissions…

20 Nov 2023

WinGD to Supply Methanol-fueled Engines for Six New Containerships

WinGD’s methanol test engine at its Engine Research and Innovation Centre in Switzerland (Photo: WinGD)

Swiss marine power company WinGD announced it will supply X-DF-M methanol-fueled engines for a series of six container vessels to be built at Yangzijiang Shipbuilding in China. The 9,000 TEU vessels will each be powered by an X82DF-M engine built by HD Hyundai Heavy Industries’ Engine & Machinery Division (HHI-EMD), to be delivered in August 2025. The new vessel series will enter service in 2026 and 2027.The new order, which includes options for further engines, expands WinGD's methanol engine orders into the 82-bore size.

16 Oct 2023

Exmar Orders Ammonia-Powered Midsize Gas Carriers

Image Credit: Exmar

Exmar LPG has ordered two ammonia-powered Midsize Gas Carriers (MGCs) from Hyundai Mipo Dockyard in South Korea.According to the company, a joint venture between EXMAR and Seapeak, the ships will be the first-ever oceangoing vessels to be propelled by dual-fuel ammonia engines, allowing for close to zero emissions trading when using ammonia. The engines will be delivered by Swiss marine power company WINGD, and the fuel supply system by Finland-based Wärtsilä Gas Solutions.Carl-Antoine Saverys…

25 Sep 2023

Kent Young Joins GIT Board of Directors

Kent Young (Photo: GIT)

Canadian marine coatings company Graphite Innovation & Technologies (GIT) announced Kent Young has joined its board of directors.A former senior director of technology for the global supply chain R&D at Sherwin Williams, Young will provide strategic guidance and expertise across a range of areas as GIT scales-up its business. Young’s extensive background in coatings, along with his experience in supply chain, risk management, raw material selection, R&D processes and product innovation will accelerate GIT’s growth, the company said.

20 Sep 2023

WinGD and KSS Line Collaborate on Dual-Fuel Ammonia Engines for Gas Carriers

Front (L-R): Carmelo Cartalemi (WinGD, General Manager Global Sales),  Chando Park (KSS Line, CEO)

Back: (L-R) Jaeyun Kim (WinGD Korea, Sales Manager), Kwangsu Ra (KSS Line, Gas Team Leader), Euigap Lee (KSS Line, Head of Marine Affairs Division), Byungsam Ahn (WinGD Korea, Managing Director), Jungsik Park (WinGD Korea, Sr. General Manager)

Swiss marine power company WinGD has signed a memorandum of understanding with KSS Line to explore X-DF-A engines for future newbuild projects. The companies will focus on 52cm- and 62cm-bore versions of the dual-fuel ammonia engines, suitable for midsize and very large gas carriers (VLGC). The scope of the cooperation will extend beyond engine technology, also focusing on the performance and maintenance solutions necessary for using alternative fuel. The partners will also explore…

05 Sep 2023

WinGD and Samsung Heavy Industries to Cooperate on Ammonia Fuel Applications

(Photo: WinGD)

Swiss marine power company WinGD and South Korean shipbuilder Samsung Heavy Industries (SHI) have agreed to cooperate on future fuel vessel applications with ammonia-fueled engines. The memorandum of understanding, signed during the Gastech conference in Singapore this week, indicates a strong intention on the part of SHI to install WinGD’s X-DF-A dual-fuel ammonia engines on forthcoming newbuild vessels.The cooperation will include preparing X-DF-A for integration with wider ammonia fuel systems and auxiliary machinery across a range of vessel designs…

05 Jun 2023

WinGD and Mitsubishi Shipbuilding Sign MoU for Ammonia Collaboration

From left to right - Dominik Schneiter, Vice President R&D – WinGD, Klaus Heim, CEO – WinGD, Toru Kitamura, President and CEO - Mitsubishi Shipbuilding Co., Manabu Kawakado, Executive Director, Head of Marine Engineering Centre - Mitsubishi Shipbuilding Co. (Photo: WinGD)

Swiss marine power company WinGD and Japanese shipbuilder and technology developer Mitsubishi Shipbuilding Co., Ltd. have signed a memorandum of understanding to enter into a partnership on ammonia-fuelled vessels.The project will see WinGD applying its X-DF-A ammonia-fuelled engines to a range of vessel designs, with Mitsubishi both designing the vessels and completing the fuel chain with its ammonia fuel supply system (AFSS).Manabu Kawakado, Head of Marine Engineering Centre, Mitsubishi Shipbuilding Co., Ltd.

24 Aug 2023

Inchcape Shipping Services Appoints Regional CEO for the Americas

Harun Duzgoren, Regional Chief Operating Officer for the Americas at Inchcape Shipping Services

Port agency and marine services company Inchcape Shipping Services (ISS) announced it has appointed Harun Duzgoren as the regional chief executive officer for the Americas, effective September 1, 2023.Duzgoren brings to the role 23 years of managerial experience in the global marine services industry. Prior to joining ISS, he served as the chief commercial officer of Subsea Global Solutions. Before that, he spent 16 years at V.Group, where he held various senior international positions.

19 Jul 2023

WinGD to Deliver Ammonia Engines in 2025

WinGD CEO Dominik Schneiter

Swiss marine power company WinGD is on track to deliver its first X-DF-A dual-fuel ammonia engines by the first quarter of 2025, with the first X-DF-A powered vessels in service from 2026.The confirmation follows combustion tests at WinGD research facilities in December 2022 and is backed by concrete orders. Last month WinGD signed an agreement with AET Tankers and sister company Akademi Laut Malaysia to develop crew training on ammonia engines. In January 2023 it announced a partnership with CMB.Tech…

09 Aug 2023

Danelec Appoints Senior Vice President for Digital Business

Christian Treu courtesy of Danelec

Danish digitalization company Danelec has appointed Christian Treu as Senior Vice President of the DanelecConnect & IoT Business.Treu will further advance Danelec's mission to deliver essential digital infrastructure that enables more efficient, greener marine operations by optimizing the acquisition and availability of High Quality, High-Frequency (HQHF) vessel and fleet data.Joining from marine technology company ZeroNorth, Treu’s passion for data transparency and its impact…

04 May 2023

Venezuela's Oil Tankers at Risk of Sinking, Fires, Spills, Report finds

©JosIsaac/AdobeStock

More than half of the 22 oil tankers in Venezuela's fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was shared exclusively with Reuters. The report by PDVSA's maritime branch, entitled "Critical deficiencies and risks of PDV Marina's tanker fleet," said years of deferred maintenance had left the entire fleet with "low levels of reliability," at risk of spills, sinking, fires, collisions or flooding.