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Tuesday, May 7, 2024
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Owners News

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…

05 May 2024

Ship Recycling Activity Climbs in Week 18

Source: GMS

Activity across the Indian sub-continent ship recycling markets has been climbing on the back of recently witnessed agitations in the trading lanes, reports cash buyer GMS.“A growing number of Ship Owners are biting the recycling bullet and selling their overaged but still trading vessels. Containers have been the first segment to be squeezed out by this recent dip in freight rates as several units were (and continue to be) introduced for a recycling sale,” says GMS.Much of the miniscule supply of tonnage over recent quarters has been focused on the dry and container sectors…

02 May 2024

Shipbuilding: Tanker Orders Up 32% Year-on-year

© Carabay / Adobe Stock

Tanker ordering has surged in the first few months of 2024 as shipowners owners seek to renew ageing fleets and add new vessels that meet latest environmental regulations.So far this year, 104 tankers have been added to the global orderbook, up from 79 for the same period last year, representing a year-on-year increase of c.32%, according to latest figures from Veson Nautical.Values for tanker newbuildings have also increased across all subsectors. LR2s of 115,000 DWT show the biggest leap…

30 Apr 2024

Sanmar Delivers Camperdown to Targe Towing

Image courtesy Sanmar Shipyards

Sanmar Shipyards is delivering a new tug for Targe Towing in Scotland. Known as BIGAÇAY Xl while under construction, the tug was renamed Camperdown by its new owners, and was on its way to its new home port of Aberdeen.Camperdown is based on the exclusive-to-Sanmar RAstar 2900SX from Robert Allan Ltd., primarily intended for demanding escort operations in exposed areas.Measuring 29.4 x 13.3m with a 5.5m molded depth and 5.75m design draft, the tug can achieve a minimum of 85 tonnes of bollard pull ahead and astern.

29 Apr 2024

SOVs – Analyzing Current, Future Demand Drivers

Norwind Offshore service operation vessel ‘Norwind Breeze’ in the port of Emden
Copyright Björn Wylezich/AdobeStock

At a high-level, there are three solutions to transferring technicians from shore bases to offshore wind farms for construction and O&M activities: crew transfer vessel (CTV), helicopter, and SOVs/CSOVs.SOVs and CSOVs generally house 60-120 technicians offshore for a few weeks at a time, allowing them to transfer to structures on integrated heave compensated gangways, by daughter craft or on CTVs. The vessels are also equipped with cranes, storage, and small workshop areas.SOV: Service operations vessels…

26 Apr 2024

Situational Awareness System Battles Cognitive Fatigue in Watchkeepers

Image courtesy Groke Technologies

Today’s evolving maritime security risks pose all-too-familiar threats to international shipping, and as just one of the many causes of fatigue, they add to the cognitive burden already faced by watchkeepers. But Groke Technologies can boost safety onboard, says co-founder and CEO Juha Rokka.Life at sea is already physically and mentally demanding. Crewing levels are tight, work hours are long and irregular, watchkeepers are required to perform administrative tasks while on the bridge…

25 Apr 2024

Seeing the Ship as a System Changes Everything

Image Courtesy ABB Marine and Ports

Shipping must engage with the decarbonization realities that lie ahead by changing the way it crafts maritime legislation to reflect its place in the interconnected, interdependent world economy, says Eero Lehtovaara, Head of Regulatory & Public Affairs, ABB Marine & Ports.ABB Marine & Ports Head of Regulatory & Public Affairs, Eero Lehtovaara has carved out an unusual - and possibly unique - role in the maritime industry over recent years, as a ‘stakeholder’ simultaneously mindful of the perspectives of owners…

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…

23 Apr 2024

Obstructed Valve Sinks Towboat

Joanne Marie listing at the shipyard on the morning of June 25, 2023. (Source: U.S. Coast Guard)

An obstructed check valve on a bilge pump led to the flooding and partial sinking of a towing vessel last year while moored at a shipyard near New Orleans, the National Transportation Safety Board reports.Marquette Transportation's vessel Joanne Marie was found partially submerged a day and a half after being moored and deactivated at the Bollinger Quick Repair Shipyard on the Harvey Canal. The vessel was unattended at the time. No injuries were reported and damage to the vessel was over $176…

22 Apr 2024

ABS Publishes Advisory on Methanol Bunkering

(File photo: Danish Shipowners' Association)

Classification society ABS has published what it says is the industry's first advisory on methanol bunkering as the cleaner-burning fuel continues to gain interest among shipowners seeking to reduce their environmental footprint.A key component of the methanol value chain and the overall scalability of the fuel will be the ability to bunker methanol, either by truck-to-ship, ship-to-ship or land storage tank/terminal-to-ship, ABS said.The new ABS Methanol Bunkering: Technical…

21 Apr 2024

Ship Recycling Markets Face Varied Fundamentals

Source: GMS

This week, various holidays concluded across the globe just as Indian sub-continent ship recycling markets started to perk up amidst fundamentals that have independently enjoyed varying degrees of volatility and resurgence over recent weeks, reports cash buyer GMS.“Steel plate prices in Bangladesh and Pakistan remained flatlined at respectively firm levels - the effects of which has only helped these markets grab their share of high-priced fixtures since the start the of the year - all while the ever-volatile Indian plate price that fell last week…

16 Apr 2024

Consortium Forms North Pacific Green Corridor

Source: Oldendorff Carriers

Global industry leaders from North America, Asia and Europe have announced the formation of the North Pacific Green Corridor Consortium (NPGCC) whose members and partners will work together to decarbonize the value chain for commodities between North America and Asia.The NPGCC will apply its collective expertise to develop a corridor for the decarbonized transportation of multiple commodities, including agricultural products, metal concentrates and steelmaking coal.The members of the NPGCC are committed to establishing the consortium as a catalyst for decarbonization efforts…

15 Apr 2024

Thordon Delivers Rudder Bearing to Research Ship

Source: Thordon Bearings

Thordon Bearings, the pioneer in water-lubricated bearings, secured a new order for a rudder bearing that was fitted to a 77.1m (253ft) research ship that frequently operates in ecologically sensitive marine environments.The 38-year-old Ocean Endeavour, operated by the UK’s Gardline, a multi-disciplinary marine survey company which operates a fleet of 13 multi-role survey ships, was recently fitted with Thordon’s SXL rudder bearing at UK Docks Marine Services’ Teesside drydock.Bruntons Propellers…

14 Apr 2024

Updated Version of Guidelines for Cleaning Containers Released

© Travel mania / Adobe Stock

Every year, 250 million containers are transported across the world with food, clothes, electronics and other goods. While crucial for the smooth functioning of the global supply chain, containers and their cargoes can also harbour and transfer contaminating pests.All parties in the supply chain have a shared responsibility for stopping the spread of pests by keeping cargo and containers clean, and the Prevention of Pest Contamination of Containers: Joint Industry Guidelines for…

12 Apr 2024

Seaspan Launches Second LNG Bunkering Vessel

(Photo: Seaspan)

This week, Seaspan Energy launched the second of its three 7600m3 liquefied natural gas (LNG) bunkering vessels, the Seaspan Lions, named after the twin peaks of the North Shore, or known as Ch'ich'iyúy Elxwíkn (“Twin Sisters” or “Two Sisters”) to the Squamish Nation.This series of vessels is named after iconic West Coast mountains and the first two vessels, the Seaspan Garibaldi ("Nch'kay") and the Seaspan Lions (Ch'ich'iyúy Elxwíkn), will be delivered in 2024 with the third…

11 Apr 2024

Kongsberg Maritime Celebrates 50 Years of Ship Design

The IWS Skywalker is the latest Kongsberg Maritime vessel design. The state-of-the art windfarm commissioning service operation vessel (CSOV) will soon start operations in the North Sea. (Source: Kongsberg Maritime)

2024 marks 50 years of ship design work for Kongsberg Maritime. From setting the benchmark that set the standard for offshore supply vessels in the 1970s, to advanced anchor handlers that transformed the oil and gas industry, and a growing reference list in fishery and merchant ships, Kongsberg Maritime’s range of ship designs has continued to evolve over the past five decades.The early 1970s, at the dawn of the offshore oil and gas industry, saw the very first vessels, designed…

11 Apr 2024

Insights: Jennifer Carpenter, President & CEO, American Waterways Operators

Jennifer Carpenter, President & CEO, American Waterways Operators (Photo: AWO)

Jennifer Carpenter joined The American Waterways Operators (AWO), the national trade association representing the inland and coastal tugboat, towboat and barge industry, in August 1990 and became its president and CEO in January 2020. She highlights some of the greatest focus areas for the 80-year-old trade group—simultaneously looking at both the present day and the road ahead.The towboat, tug and barge industry is in a period of rapid evolution. How is AWO—now in its 80th year…

11 Apr 2024

New Study Offers Safety Recommendations for Green Shipping Corridors

© Zdenar Adamsen / Adobe Stock

A new report offers safety recommendations for ship owners and port authorities seeking to establish green shipping corridors.As the shipping industry continues to make progress toward its decarbonization goals, a number of green shipping corridors are being being set up as maritime routes that help to enable the use of low- and zero-emission lifecycle fuels such as methanol, ammonia and hydrogen, as well as other green technologies. To date, more than 30 green shipping corridors…

10 Apr 2024

Siem Offshore Chairman Exits with Nine-vessel Purchase

(Photo: Siem Offshore)

Kristian Siem, founder and longtime leader of Siem Offshore, is stepping down as chairman of the Norwegian offshore support vessel (OSV) firm after reaching a deal to acquire nine vessels in exchange for his 35% stake in the company.The company announced it has reached an "amicable agreement" to sell Siem Barracuda, Siem Stingray, Siem Opal, Siem Pearl, Siem Topaz, Siem Pilot, Siem Pride, Siem Symphony and Siem Thiima to Kristian Siem's Siem Sustainable Energy S.a r.l and related companies in exchange for 35% of the company’s shares.The other major shareholder is Christen Sveaas' Kistefos…

07 Apr 2024

A Few Surprise Sales This Week in Ship Recycling

Source: GMS

Ship recycling has again been quiet across the ship recycling globe, reports cash buyer GMS.“Moreover, as an increasing number of vessels past beached have been nearly recycled, and barely any meaningful arrivals have been reported at the respective waterfronts (zero in India this week), frustrated industry players are just … going with the depressive flow,” states GMS.“With that being said and reportedly this week, amidst a sea of floating oldies several high-priced sales were surprisingly confirmed to the various markets (essentially Bangladesh and Pakistan)…

08 Apr 2024

Manta Installs Shore Power Systems for Finnlines Vessels

(Photo: Finnlines)

Manta Marine Technologies (formerly known as Yara Marine Technologies) has completed installation and commissioning of onboard shore power systems for three Finnlines vessels: the Finnlady, the Finnmaid and the Finnstar.The installations, onboard RINA-classed Finnlines RoPax vessels Finnstar, Finnmaid and Finnlady support Finnlines’ commitment to decarbonize itsfleet and reduce the environmental impact on shore-side communities.Thomas Doepel, Finnlines Deputy CEO Finnlines, said…

08 Apr 2024

Singapore Trials Charging Point at Marina South Pier

© Sunday Cat Studio / Adobe Stock

The Maritime and Port Authority of Singapore (MPA) has launched the first pilot trial for electric harbor craft charging point at the Marina South Pier (MSP).The charging point was awarded to the Pyxis Energy, Pyxis Maritime, and SP Mobility partnership. Pyxis’s fleet of electric harbor craft operating at MSP will serve as the base offtake to ensure optimization of the charging infrastructure.The Pyxis and SP Mobility partnership has deployed a 150kW land-based direct current fast charger with a Combined Charging System 2 connector at MSP.

09 Apr 2024

MariApps and Intership Navigation Sign Digital Partnership

Source: MariApps

MariApps Marine Solutions has signed an agreement to enhance the digitalization of Intership Navigation's fleet of 100 vessels.By utilizing MariApps’ digital solutions suite, smartPAL, Intership hopes to offer its customers, ship owners and vendors state-of-the-art digital services.MariApps’ technical professionals offer expertise in ship maintenance, voyage management, crew management, safety compliance, financial operations, and business intelligence. With smartPAL, the Intership…