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Thursday, March 28, 2024
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Placing News

13 Mar 2024

Keel Laid for Finnish Border Guard’s New Patrol Vessel

The Finnish Border Guard, Meyer Turku, Baltic Operator and Bureau Veritas project teams (Credit: Meyer Turku)

The Finnish Border Guard has held a keel laying ceremony for its new patrol vessel at Baltic Operator's shipyard in Gdansk.On March 12, 2024, a keel laying ceremony was arranged at Baltic Operator’s shipyard in Gdansk. The ceremony took place in the presence of the representatives of the Finnish Border Guard, Meyer Turku, Baltic Operator and Bureau Veritas.The keel laying ceremony is an old tradition. Before the keel laying, the ordering party - the Finnish Border Guard - and the shipyard’s representative placed their lucky coins under the keel beneath the first block.Later on…

08 Mar 2024

Vard to Deliver Tailor-Made Offshore Wind CSOV for Norwind Offshore

VARD 4 19 CSOV vessel for Norwind Offshore (Credit: Vard)

Norwegian shipbuilder Vard has secured a contract for the design and construction of one tailor-made offshore wind commissioning service operation vessel (CSOV) for Norwind Offshore, with options for two additional vessels.Vard signed the contract with Navigare Capital Partners, a shareholder in Norwind Offshore.The new CSOV vessel, scheduled for delivery in the first quarter of 2026, is of VARD 4 19 design, developed by Vard Design in Ålesund in close collaboration with Norwind Offshore.The hull will be built in Vard Shipyards Romania – Braila and the outfitting…

04 Mar 2024

Egypt Studying Further Expansion of Suez Canal

© Nancy Pauwels / Adobe Stock

Egypt is studying further expansions of the Suez Canal to extend and complete a second channel of the waterway, the canal's head said on Monday, a move that could allow for higher volumes of shipping and prevent blockages from halting traffic.The comments come as the canal is seeing a sharp fall in revenue due to shipping companies diverting away from the waterway, the shortest route between Europe and Asia, because of attacks by Houthi militants in Yemen against ships in the Red Sea.Any new extension would come on top of current work to extend the second channel by 10 kilometers, and to deepe

01 Mar 2024

Rotterdam World Gateway to Provide Shore Power at All Berths

Left to right: Boudewijn Siemons, Port of Rotterdam Authority; Robert Simons, Municipality of Rotterdam; and Ronald Lugthart, RWG (Photo: Port of Rotterdam Authority)

Rotterdam World Gateway (RWG) container terminal will equip its entire quayside with shore-based power for all vessels, slashing emissions of particulates, nitrogen and CO2 while at berth.RWG, which is already fully automated and CO2 neutral, is opting to design, finance and build the shore-based power systems itself.The first berths are expected to be equipped with shore-based power from 2026 onward, placing RWG ahead of European regulation stipulating that all container, passenger and cruise ships larger than 5…

23 Feb 2024

Red Sea Ship Attacks Not Driving Inflation, Moody's Says

© helivideo / Adobe Stock

Attacks on merchant vessels in the Red Sea have delayed cargo and sent shipping costs higher, but soft demand and ample ship availability are muting the impact on inflation, analysts from Moody's Investor Service said on Thursday.Ships carrying everything from furniture and apparel to food and fuel are being diverted away from the nearby Suez Canal trade shortcut to the longer and more expensive route around Africa. Rerouting takes vessels and crew out of danger from drone and…

18 Feb 2024

GMS: Ship Recycling Market Still Slow

Source: GMS

Despite Chinese new year holidays concluding on Friday, a pervading theme of an unrelenting dearth in the overall availability of tonnage across global ship recycling markets has been enduring for several quarters now, says cash buyer, GMS.This has resulted in another dreary week of market inactivity and silence across all recycling destinations.Charter rates continue to remain artificially elevated (especially) in the dry bulk sector, consequently placing a tighter squeeze on the overall supply of vessels for recycling.

12 Feb 2024

Future Ships: Picture Perfect

(Image: Siemens)

Big data, advanced computers and AI are allowing vessel designers to prepare models that leave essentially nothing to chance.“Lastly, it may be of considerable importance to form from the draught a block model of the vessel from which a still more accurate judgment may be formed of the fitness and beauty of the body. And should any defect be discovered, farther alterations must still be made, till the draught and the model are perfectly approved of. These different alterations and repeated calculations may appear very tedious…

09 Feb 2024

Furetank Orders Two More Vessels

(Photo: Furetank)

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…

31 Jan 2024

CMA CGM Lines Up Methanol Retrofits

© sheilaf2002 / Adobe Stock

CMA CGM has lined up several of its existing containerships for conversion to dual-fuel methanol propulsion.The French ocean carrier has signed contracts with China State Shipbuilding Corporation’s (CSC) Qingdao Beihai Shipbuilding to carry out the conversions starting from mid-2025. The program will reportedly include one or two 9,300 TEU vessels but could grow to up to 10 ships if successful.CMA CGM joins a growing list of container shipping companies that have moved to convert ships to run on methanol…

29 Jan 2024

New Marine Radar Training Software Launched

(Image: Cambridge Pixel)

U.K.-based Cambridge Pixel has unveiled a new software package to aid in the instruction and learning of the proper usage of maritime radars.SPx Radar Trainer is designed to make it easier for students to familiarize themselves with radar controls by providing a modern simulation of a typical radar display, supported by chart and 3D environment views. It includes custom scenario creation for instructors and runs in a browser window for ease-of-use.Developed by Cambridge Pixel…

29 Jan 2024

Designing Ships Around Emissions: The Right Path or a Fork in the Road?

© xtock / Adobe Stock

When discussing ship design, the maritime industry has been tossing around a number of new terms and definitions. Sustainability, alternative fuel “ready”, digitization and lifecycle are a few of the terms becoming more commonplace amid the industry’s search for zero emissions solutions. As IMO MEPC 80 meetings push emissions reduction to meet “well to wake” requirements, we will learn much of the challenge is tied to energy and infrastructure ashore. Electrification and the development…

25 Jan 2024

Vard Delivers Ammonia-Ready Armada Vessel to Ocean Infinity

(Credit: Vard)

U.S.

25 Jan 2024

Cyan Renewables Enters UK Offshore Wind Market with Sentinel Buy

(Credit: Cyan Renewables)

Cyan Renewables, a portfolio company of Seraya Partners, has acquired a majority stake in Sentinel Marine to strengthen its position in the UK offshore wind market and boost its local content.Singapore-based Cyan Renewables, Asia’s first dedicated offshore wind vessel operator, has reached an agreement to acquire a 75% stake in Sentinel Marine, a maritime environmental response vessel operator in the UK that currently owns the youngest fleet of Emergency Response and Rescue Vessels (ERRVs) in the UK.Sentinel Marine boasts a fleet of 13 modern…

22 Jan 2024

BYD's First Chartered Vessel Sets Sail with 5,000 EVs for Europe

(Photo: BYD)

BYD's first chartered vehicle carrier has set sail from China's southern city of Shenzhen, carrying more than 5,000 electric vehicles to Europe, state media Xinhua reported on Tuesday.Chinese automakers including BYD, Chery Automobile and SAIC Motor, have been placing orders for vessels to counter rising shipping costs as they boost exports.The new roll-on, roll-off vehicle carrier named "BYD Explorer No.1" departed on Monday for Flushing Port in the Netherlands and the German port of Bremerhaven…

12 Dec 2023

Palmali Aims to Expand Shipping Ops in the Black Sea

Copyright Peter Hermes Furian/AdobeStock

Istanbul-based tanker operator Palmali has become the top shipper for Ukraine's Black Sea-borne sunflower oil exports, one of the country's key export products, and plans to expand further, its chairman Mubariz Mansimov said.Azeri-born Mansimov said Palmali was the most active operator in the increasingly dangerous Black Sea, and plans to expand its presence in Ukraine by placing an order for 10 more cargo carriers and starting trading operations early next year. Since pulling out of the U.N.-brokered deal that guaranteed safe shipment of Ukrainian food products in July…

04 Dec 2023

WinGD to Deliver CMB.TECH Ammonia Engines

Source: CMB.TECH

WinGD has concluded a four-party agreement underwriting Belgian bulk carrier operator CMB.TECH’s order of X72DF-A ammonia-fueled engines.CSSC Qingdao Beihai Shipbuilding (QBS) and engine builder CSSC Engine Co (CSE) were the other signatories in the joint undertaking to power a series of 210,000dwt bulk carriers to be delivered from Qingdao through 2025 and 2026.Following confirmation of the engine order, the agreement advances the project between WinGD and CMB.TECH announced in January to develop the 72-bore ammonia-engine.

28 Nov 2023

Damen Introduces Fully Electric SOV with Offshore Charging

Source: Damen

Damen Shipyards Group has officially launched a fully electric service operations vessel (SOV), 70 meters x 17 meters, with its offshore charging capabilities.To achieve offshore charging, Damen has partnered with UK-based MJR Power & Automation – a company that has previously developed an offshore charging system for a crew transfer vessel.The charging system uses the motion-compensated gangway to create a connection between the vessel and a turbine or substation offshore, in much the same way a personnel transfer is undertaken.

27 Nov 2023

Study Calls for 'Liberation of Data' in Shipping Shift for Decarbonization

Interconnection of disparate shipboard systems is seen as necessary to drive digitalization for enhanced operational efficiency. Image: BV

Siloed data systems represent a “recipe for duplicative and multiplicative cost inside a company and across companies”, an OrbitMI-hosted panel at the recent Shipping Insight event in the US was told, as a Bureau Veritas-backed study highlighted this as a big barrier to data collaboration for digitalization of shipping to cut emissions.Vast amounts of data are generated from ship operations - such as from sensors onboard or vessel performance management systems - as well as from…

20 Nov 2023

154kg of Cocaine Seized from Ship’s Sea Chest

Source: AFP

The Australian Federal Police (AFP) is warning criminals that their attempts to hide illicit drugs in the hull of cargo ships continues to be disrupted by law enforcement after another import was seized by authorities in Melbourne.Packages of cocaine concealed inside the sea chest of a cargo ship was seized after the vessel docked in Melbourne, the second attempted import of its kind in two months.Australian Border Force (ABF) used an underwater Remotely Operated Vehicle (ROV) at Melbourne's Appleton Dock to search a vessel…

20 Nov 2023

Pakistan Takes Next Step Towards Hong Kong Convention Ratification

Source: IMO

Pakistan is a step closer to becoming a party to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009 (Hong Kong Convention).Following an IMO-run national seminar in Karachi, Pakistan, (November 13-15) to support the country’s implementation of the Convention and related guidelines, the Pakistan (Federal) Cabinet completed the processes needed to prepare the instrument of accession to the convention.The seminar was hosted by Pakistan's Ministry of Maritime Affairs.

05 Nov 2023

Ship Recycling Market Cools

Source: GMS

Inflation, fundamentals, currencies (except in India), vessel pricing, and overall weakening sentiments have beset the ship recycling market over the past week, reports cash buyer GMS.The effects have been felt across all the sub-continent ship-recycling destinations (even Turkey to an extent), which have cooled by about US$ 20/LDT over recent weeks, says GMS. However, India and Bangladesh have reported surprising increases in steel plate prices over the last week.“Seemingly on the back of global steel plate prices…

18 Oct 2023

NYK and Partners Launch Sound-Analysis Tool

Images courtesy of NYK

Nippon Yusen Kabushiki Kaisha (NYK), MTI, and Nabtesco Corporation have developed an electric diagnostic tool that records, visualizes, and analyzes the operational sounds of a vessel's engine plant for early anomaly detection.The device has been named “Kirari MUSE” and can store operational sounds from the equipment as data and use it to diagnose equipment conditions.Listening rods made of elongated metal are already widely used for diagnosing equipment conditions. By placing a listening rod on a turbine…

21 Sep 2023

U.S. Revives Cold War Submarine Spy Program to Counter China

Credit: noraismail/AdobeStock

On a windswept island 50 miles north of Seattle sits a U.S. Navy monitoring station. For years, it was kept busy tracking whale movements and measuring rising sea temperatures. Last October, the Navy gave the unit a new name that better reflects its current mission: Theater Undersea Surveillance Command.The renaming of the spy station at the Whidbey Island naval base is a nod to a much larger U.S. military project, according to three people with direct knowledge of the plans:…