Pangaea Takes Top Spot in Dry Bulk Benchmark Study
For the second year straight, US-based Pangaea Logistics ranks highest among dry bulk owners based on Time Charter Earnings (TCE), according to a recent market benchmarking report.Notably, the Rhode Island-headquartered shipowner's 53.7% TCE performance is well above Hong Kong's Pacific Basin Shipping Ltd. (24.3%) and Thailand's Thoresen Thai Agencies (23.5%) in second and third place respectively.The Vesselindex Performance Report by Danish maritime advisors Liengaard & Roschmann…
LADAR: Laser Sensor Technology for the Maritime Industry
Research scientist and entrepreneur Sverre Dokken believes laser-based remote sensing has big potential in the maritime domain. But what is LADAR, who’s it for and what are the key benefits?“Our mission is to be the world leader in innovative maritime sensor products that enhance the safety and security of shipping and all manner of offshore activity,” says Ladar Ltd (LDR) principal Sverre Dokken.In the sensor vanguardEssentially a laser-based navigational aid, LADAR (Laser Detection and Ranging) combines long-distance object detection with high-accuracy measurement…
First Containership Arrives at Sweden's Newest Port
Unifeeder containership SCA Tunadal on Wednesday claimed the maiden call at Sweden’s newest freight port, Stockholm Norvik Port, following the completion of a long port construction project.The container terminal is now open, both for vessel calls and for shore-based business operations at the port. The 32 hectare container terminal is run by Hutchison Ports, one of the world’s largest container terminal operators, with 52 ports in 27 countries.Nine goods in 10 arrive in Sweden by sea, and the Stockholm region accounts for half of Sweden’s entire consumption.
Maersk and Other Danish Firms Partner for Sustainable Fuels Project
A group of Danish transportation and energy companies including shipping giant A.P. Moller - Maersk have teamed up to develop an industrial-scale production facility to produce sustainable fuels for road, maritime and air transport in the Copenhagen area.Maersk is joined in the project by DFDS, Ørsted, Copenhagen Airports, SAS and DSV Panalpina, who have brought together the demand and supply side of sustainable fuels to develop a new hydrogen and e-fuel production facility as soon as 2023.
Shipowers See Ammonia, Hydrogen as Best Long-term Fuel Options -Survey
Shipowners see ammonia and hydrogen as the most attractive fuel options for the long term, according to an ABS survey. Nearly 60% of respondents said they viewed hydrogen and ammonia as the most attractive fuel choices in the long-term.The survey of shipowners and operators registering for an ABS webinar, Pathways to Sustainable Shipping, also revealed nearly two thirds of owners currently have no decarbonization strategy in place.When asked which fuel is most likely to be adopted in the near term…
Wärtsilä Upgrades USCG Academy's Training Simulator
The technology group Wärtsilä has completed replacement of the Ship Analytics simulator solution at the United States Coast Guard Academy’s Ship Control and Navigation Training System (SCANTS) facility. The original simulator system was installed at the Academy in the 1990s, and the replacement work was carried out primarily by, and in partnership with, NavSim Services, Inc., the prime contractor. The upgrade was accomplished in two stages to accommodate the operational training schedule of the Academy…
Mantel Joins Theyr Ltd,
Theyr Ltd, a London based met-ocean data provider to the maritime sectors are pleased to announce the appointment of Peter Mantel as a Non-Executive Director.In his role he will be defining and implementing the commercial shipping strategy offering Theyr’s High Fidelity Met Ocean Data and Optimization Services that will drive the digital transformation in shipping.Mantel previously helped pioneer the transformation from paper to electronic chart navigation as a Director and Shareholder of Transas Marine Ltd.
Tech Talk: Wallenius Wilhelmsen Puts Hull Grooming to the Test
Even as shipowners enjoy record low bunker fuel pricing, the search for hull cleaning and fuel-saving optimization continues. Jotun, which recently launched 'hull skater' hull grooming, found a willing partner in Wallenius Wilhelmsen -- an operator of a fleet of 126 RoRo vessels, 11 marine terminals and 71 processing centers globally -- to put the hull skater to the test.For the past decade, Wallenius Wilhelmsen has produced an annual Sustainability Report, describing initiatives undertaken to reduce the company’s emissions and safeguard life below the water line, among other target areas.
OGA: UK North Sea Gas Less Carbon Intensive than Imported LNG
Gas produced from the offshore platforms in the UK North Sea is less carbon-intensive than LNG imported in the UK, the UK oil and gas regulator OGA said Tuesday.According to the OGA analysis, the production of natural gas from the UK Continental Shelf (UKCS) creates less than half as much greenhouse gas as imported Liquefied Natural Gas (LNG).Per the OGA, gas extracted from the UKCS has an average emission intensity of 22 kgCO2e/boe; while imported LNG has a significantly higher average intensity of 59 kgCO2e/boe.Worth noting…
Japanese Partners Join Asahi's Electric Vessel Project
A group of Japanese partner companies have signed onto a project initiated by Asahi Tanker Co., Ltd. to build the world's first zero-emission, fully electric-propulsion bunker supply vessel.The so-called e5 Consortium, including Asahi Tanker Co., Ltd., Idemitsu Kosan Co., Ltd., Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Ltd., Tokio Marine & Nichido Fire Insurance Co., Ltd., Tokyo Electric Power Company, and Mitsubishi Corporation, say they will work toward developing, realizing and commercializing zero-emission electric vessels.
Tech File: Automating Ballast Ops When Installing BWMS
Installing ballast water treatment systems to comply with new regulations will require owners to automate ballast operations on board their vessels or barges. Retrofitting ballast water treatment systems generally requires modifications to the existing ballast systems. Many older vessels have remote operated valves, but no automation of the ballast system. EMI has been working with parent company W&O to provide blue water barges with innovative solutions to add automation functionality to their fleet.
SFL Buys Newbild VLCC with Long-Term Charter Secured
Shipowner SFL Corporation has agreed to buy a newbuild 308,000 dwt very large crude carrier (VLCC), in combination with a seven-year bareboat charter with an unnamed oil major, adding nearly $60 million to SFL’s fixed-rate charter backlog.The vessel is expected to be delivered from the shipyard in China in the second quarter and will have full cash flow effect in Q3 2020. "The net purchase price will be $65 million, which is significantly below current broker estimates for VLCC resales…
General Dynamics Wins $40.3 Mln LCS Combat Systems Contract
General Dynamics Mission Systems said it has secured a $40.3 million contract to support the Naval Surface Warfare Center, Dahlgren Division (NSWCDD) in its role as U.S. Navy Littoral Combat Ship (LCS) Independence-variant Software Support Agent (SSA), Combat Management System (CMS), and In-Service Engineering Agent (ISEA).The contract, awarded May 1, will provide support for LCS Independence-variant CMS efforts. As the prime contractor, General Dynamics’ responsibility will be…
Interview: John Waterhouse, EBDG - “Be Bold in Thinking but Cautious in Application”
John Waterhouse is a ubiquitous character in the U.S. maritime industry, a deep-thinker, a signature bow tie and more than three decades of naval architecture and marine engineering experience and success as co-owner of the Seattle-based Elliott Bay Design Group (EBDG).While growing up, John Waterhouse spent some time in Vancouver, BC, Canada, and it was as a young boy standing on the shores of English Bay, watching ships come in from around the world to load and unload their cargos, when he realized that a maritime career could be his future.
Norwegian Shipowners Commit to Carbon Neutral Fleet by 2050
Norwegian shipowners have laid out plans to make the country's fleet entirely climate neutral by 2050, surpassing the International Maritime Organization's (IMO) target to halve shipping emissions within the same timeframe.The Norwegian Shipowners' Association on Tuesday revealed its member shipping companies have adopted four goals to reduce their environmental footprint. Members will first cut their greenhouse gas emissions by 50% per transported unit by 2030, compared to 2008. From 2030, members will only order vessels with zero emission technology.
Schottel Propulsion for Aluminum Ferry Nairana
Nairana, a new all-aluminium ferry, is equipped with Schottel propulsion solutions.“The brief was to provide two unique, new vessels that are highly maneuverable to facilitate rapid turnaround times, have multiple engines for redundancy, and are economical," said Roger Janes, Sales and Marketing Manager of Australian shipbuilder Richardson Devine Marine. "Overall, they needed to be uncomplicated and reliable.The Incat Crowther-designed Nairana is constructed entirely from aluminium.
ShipMoney Digital Payment Solutions for Cash-to-Master Virtual Payments for Seafarers
As the health and welfare of seafarers continues to be a point of focus around the world, Maritime Payment Solutions, LLC (d/b/a ShipMoney), a provider of payment solutions for maritime companies, introduced ShipMoney Virtual Cards and the Transfer Marketplace, a pair of services designed to expedite payments to crew members and their families while providing a broad range of remittance options.ShipMoney’s Virtual Card solution uses Visa’s virtual card technology, which enables crew members to immediately access their wages from anywhere in the world while onboard or at home…
Wärtsilä to Equip First Japan-built LNG-Fueled Ferries
Finland's marine technology firm Wärtsilä has won a deal to provide a complete LNG-package for what will be the first LNG-powered ferries built in Japan.Under the deal, Wärtsilä will provide a complete LNG package, comprising the Wärtsilä 31DF engine, gearbox, and LNGPac storage, supply, and control system for two new ferries being built on behalf of Ferry Sunflower, a subsidiary of Mitsui O.S.K. Lines (MOL). The ships are being built at Mitsubishi’s Shimonoseki shipyard in Japan and will be the first LNG-fuelled ferries to be built in Japan.
Thyssenkrupp Seeks Partners for Steel, Warship Units
Thyssenkrupp on Monday said it was looking for partners for its steel and warship divisions, singling out just three lines of businesses that will stay within the struggling German industrial icon.Hoping to stop the bleeding of cash and restore investor confidence, the group also pooled businesses worth 6 billion euros ($6.6 billion) of sales and employing 20,000, about 13% of total staff, that are either to be sold or shut down."With this reassessment of the portfolio, we have taken some difficult decisions that were long overdue and will now implement them systematically…
Maritime Medical: Keeping Ship Crews Healthy During a Pandemic
In the best of times, keeping ship crews mentally and physically healthy is a challenge premised on the inherent nature of and dangers in the job, plus the proximity of ship from ready, shoreside help. Add a global pandemic and the situation becomes untenable. We checked in with a select group of maritime medical care organizations for mitigating COVID-19 maritime medical risk.Seafarers are an essential workforce to the global economy with as many as 1.5 million working day and night…
Russian Pipe-laying Vessel Moors at Nord Stream 2 Hub in Germany
A Russian pipe-laying vessel Academic Cherskiy which Moscow can use to finish laying pipes for the Nord Stream 2 gas project, has moored near the German logistics hub in Mukran, Refinitiv Eikon tracking data showed on Monday.Led by the state gas company Gazprom, Nord Stream 2 had to suspend pipelaying works late last year, hit by fresh U.S. sanctions. The project is aimed at doubling existing undersea flows to Germany to 110 billion cubic meters per year.Cherskiy, bought by Gazprom in 2016, has sailed from the Russian Pacific port of Nakhodka where it was docked in December when the U.S.
LR’s Nick Brown: Climate Emergency is “same magnitude, different time domain" to COVID-19
As the maritime industry settles in on a COVID-19 induced ‘new norm,’ and long-range planning is dramatically shortened,, Nick Brown, Marine and Offshore Director, Lloyd’s Register, said that while much deserved focus must be paid to the current crisis, the industry cannot lose sight of another one looming just as large: climate change. “We strongly maintain that the climate emergency is an event of the same magnitude, just with a different time domain to COVID-19," Brown told Maritime Reporter & Engineering News recently.
Sailing Beyond Coronavirus
A new reality demands a new approach. Asbjørn Halsebakke, Product Manager, Yaskawa Environmental Energy / The Switch, argues that we can’t afford to let the greatest opportunity within the current crisis slip away.We can’t celebrate a pandemic. People are dying. Economies are crashing. Unemployment rates are rocketing. We are distanced – from those we love, but also from our immediate past. Life as we know it has been turned upside down. So, we can’t celebrate. But nature can.Instant impactAs we have retreated into our homes, the natural world has come out to play.