Renaissance News

Kongsberg Maritime has been hired by Consórcio Marenova to design and equip four methanol- and ethanol-ready handy-size product tankers for Petrobras Transporte (Transpetro).The vessels will be built by Consórcio Marenova, a partnership between Ecovix in Rio Grande and MacLaren in Niterói, and will be operated by Transpetro.Kongsberg Maritime said the contract is valued at more than $31 million (NOK 300 million) and includes delivery of complete ship design and a range of integrated systems.These include propulsion systems with Promas and controllable pitch propellers…

Fincantieri and the U.S. Navy have reached an agreement to redefine the future of the Constellation-class frigate program, ensuring work continues on the first two ships while cancelling four later units as part of a wider fleet review.The shift follows the Navy’s overhaul of its force-structure plans and aligns with new priorities aimed at accelerating next-generation ship designs and revitalizing segments such as icebreakers, amphibious platforms and special-mission vessels.Fincantieri…

The United States dredging industry stands as one of the most competitive, efficient, and strategically vital sectors of the maritime economy. As part of the Jones Act fleet—the original Build America, Buy America industry — it not only strengthens our ports and waterways but also anchors thousands of middle-class jobs, spurs shipbuilding across the Gulf and East Coasts, and delivers exceptional value for taxpayers.The last several years have ushered in a quiet renaissance. Dredging firms large and small are modernizing their fleets, expanding capacity, and deepening critical U.S.

We are well into the discussions advising shipbuilders and operators how the U.S. will create a renaissance of the maritime industry. Federal Legislation, Executive Orders, and new foreign partnerships driving the promise of commercial competitiveness with the leading global shipbuilders. Most of the shipbuilding rhetoric indicates the domestic markets will be left to survive on their own. This despite the fact the domestic operators and builders have proven to be the strongest…

Accelleron will launch a landmark Net Zero report at London International Shipping Week (LISW) this month, calling on shipping to join forces with other industries and pool demand for carbon-neutral fuels.The call to decarbonize shipping has sparked a technological renaissance in the past decade that has enabled vessels to slash emissions in a variety of ways and be powered by carbon-neutral fuels. But the production of such fuels at scale and at affordable prices has yet to materialize. The result?

South Korea and the United States havehttps://www.marinelink.com/news/hanwha-build-usflagged-lng-carrier-528214 been discussing a shipbuilding tie-up that could include investments to modernize U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms, government and industry sources said.U.S. President Donald Trump, who has made revitalizing the aging U.S. shipbuilding industry a priority to keep up with China, has repeatedly raised the idea…

Fossil fuel and agriculture industry executives on Wednesday criticized a plan by President Donald Trump's administration for big fees on China-linked ships entering U.S. ports, arguing at a hearing in Washington that the move would hobble their ability to export everything from coal to soybeans.The proposed fees on China-built vessels could top $3 million per U.S. port call.The administration says the fees would curb China's commercial and military dominance on the high seas and promote a U.S.

The bipartisan, bicameral bill will fuel U.S. economy, strengthen national security by responding to China’s threat over the oceans. Currently, the number of U.S.-flagged vessels in international commerce is 80; China has 5,500.Today, Senator Mark Kelly (D-AZ), Senator Todd Young (R-IN), Representative John Garamendi (D-CA-8), and Representative Trent Kelly (R-MS-1) introduced the Shipbuilding and Harbor Infrastructure for Prosperity and Security (SHIPS) for America Act, comprehensive legislation to revitalize the United States shipbuilding and commercial maritime industries. After decades of neglect, the United States has a weakened shipbuilding capacity, a declining commercial shipping fleet that is dwarfed by China, and a diminished ability to supply the U.S. military during wartime.

Vessel prices are already down by about USD 20 – USD 25 / LDT, reports cash buyer GMS, as further decline is expected in the first half of July as previously forecast.Shipowners and cash buyers are now chasing down a declining market, and recyclers are facing exacerbating economic challenges. Not only are local steel plate prices in shambles, but currencies are also taking tumbles at key destinations and have unexpectedly delivered a monsoon retreat for industry players who are looking to conclude business at the various ship recycling destinations…

This is the dawning of the age of AI and Big Data, huge agglomerations of new and transformative energy; almost self-generating, always strengthening and pulling at the reins, seeking to break free and run, a prospect both exciting and terrifying. That image can imply a human is holding the reins. How quaint: these days, AI itself may be holding the reins.In a review of innovation in 2023 – across any industrial or economic sector, not just maritime – AI looms large, a game-changer equivalent to IBM’s programming advances in the 1940s.

Singapore-based Megamas Resources, in partnership with Renaissance Technologies (RTM) has contracted Ulstein Design & Solutions AS to design a cable-laying and repair vessel. According to a press release issued Thursday, the decision to press ahead with the order was taken in view of the shortage of cable ships, as well as an aging fleet in the submarine cable industry. Megamas Resources plans to build two cable layers, with the first targeted to be ready for service in early 2026, to fill the gap in meeting the industry demand.

Italian power cable making and installation group Prysmian Group has chosen the name Monna Lisa for the new 171-meter cable-laying vessel that is currently under construction in Romania. The vessel is the sister ship to Prysmian's Leonardo da Vinci cable layer."The name of the new ship has been chosen through an internal survey conducted among all 30,000 employees, similar to the process followed to name the Leonardo da Vinci. As a result, Prysmian chose Monna Lisa, which perfectly incorporates the strong connection with the sister vessel named after the Italian Renaissance artist…

Offshore oil and gas exploration spending will increase more than 20% globally this year and the growth will continue into the next, oilfield services firm SLB said on Wednesday."Offshore is experiencing a renaissance, with significant breadth and anticipated durability," SLB Chief Executive Olivier Le Peuch said at the JP Morgan Energy Power and Renewable Conference, according to a draft of the speech posted on the company's website.SLB, the world's largest oil services and equipment provider, said it expects to see a long tail of activity with 65 lease rounds concluding globally this year, i

For companies active in all parts of the commercial maritime sector, finding and holding onto the workers they need to build, operate and service the industry’s wide range of vessels has been challenging. Simply put, the labor market is tight, and the problem is not getting any easier to solve.Mike Ellis, CEO at American Commercial Barge Line (ACBL), said a continued shortage of qualified personnel has been the most pressing issue for ACBL—and probably for the barging industry as a whole. “There's been so much demand on people.

French engineering group Gaztransport & Technigaz (GTT) said on Monday it was stopping its activities in Russia after analyzing the latest European sanction packages which include a ban on engineering services with Russian firms.The group said its contract with Russian shipbuilding company Zvezda for 15 ice-breaking liquefied natural gas (LNG) carriers would be suspended as of Jan.

Vernon, B.C. based Bryton Marine Group, parent company to a group of aluminum boatbuilding firms, announced it has hired Stuart McVitty as chief operating officer.McVitty will be responsible for developing performance goals and long-term operational plans as well as maximizing efficiency through extensive process analysis and intercompany collaboration. He will work with the CEO Byron Bolton and the senior management team to implement the strategic vision and values of the company.Family…

Pope Francis said on Wednesday he hoped the people of Lebanon can be comforted by justice over the Beirut port blast that killed at least 215 people two years ago, saying "the truth can never be hidden".Speaking at his weekly general audience, Francis noted that Thursday would be the second anniversary of the blast, which also wounded thousands of people and damaged large swathes of the capital."My thoughts go to the families of the victims of that disastrous event and to the dear Lebanese people.

Classification society DNV said it has recently approved several projects for digital infrastructure solutions developed by COSCO, Kongsberg Digital and Samsung Heavy Industries (SHI).According to DNV, digitalization of the maritime industry is set to radically enhance the operational efficiency, safety and environmental performance of ships, but right now is taking place in a fragmented way, with no pan-industry alignment on data infrastructure reliability and data quality in compliance with global standards.As ships get smarter and increasingly packed with sensors…

Waterway traffic is coming back. November 2021 saw 52.1 million tons moving on the U.S. inland waterway system, the highest monthly tonnage since October 2019, a few months before the onset of the COVID-19 pandemic, and the shutdowns and stoppages of early 2020. Flows estimated by the Bureau of Transportation Statistics (BTS), part of the U.S. Department of Transportation, based on data from the U.S. Army Corps of Engineers (USACE) show a 25% rise from June 2020. Data in a presentation by The Waterways Council Inc (WCI)…

More than 1000 ships are expected to be ordered per year through 2030, and with growing pressure on the shipping industry to decarbonize, the shipowners must be careful with fuel selection and ship design, as a misstep here can have damaging consequences in the future.This is according to the latest Maritime Forecast to 2050 launched Tuesday by DNV.DNV stressed that shipping decarbonization was no longer just a top priority for the International Maritime Organization (IMO), but for the regional and national legislators…

In the last week of April, with little fanfare, the U.S. Coast Guard released a much-anticipated opportunity to build up to 27 Waterways Commerce Cutters. After the detailed design and construction contract is awarded in Spring of 2022, a lucky shipbuilder will begin replacing the Coast Guard’s eclectic fleet of 18 venerable river buoy tenders (WLR) and 13 inland construction tenders (WLIC).The Coast Guard’s inland waterways maintenance fleet has been ignored for far too long.

The U.S. offshore safety regulator BSEE has formed a panel to investigate a fatal incident that happened earlier this month at a Fieldwood Energy-operated oil platform, in the Gulf of Mexico, offshore Louisiana.As previously reported, an offshore worker died on Saturday, May 15, in an incident that, according to Fieldwood, happened during a non-emergency casing pressure test on a shut-in well, at Eugene Island Block 158, Platform #14.The platform sits around 125 miles southwest of New Orleans in the Gulf of Mexico.Now…

Bellingham, Wash. shipbuilder All American Marine (AAM) said it has appointed Terry Federer as business development manager, effective May 10. Federer takes over the role from Ron Wille, who was recently named president and COO.In his new role, Federer will focus on the continued expansion of the aluminum shipbuilder’s presence in the national and international maritime markets. AAM, now part of Bryton Marine Group, builds highspeed passenger boats, hybrid vessels, dinner cruise boats, patrol vessels and research vessels.