Adoption of LNG as Marine Fuel Significantly Accelerated in 2017
Titan LNG says that the stage has been set for a push in the adoption of LNG as a marine fuel beyond the tipping point. The order book for LNG-powered ships grew substantially, the LNG bunkering infrastructure is maturing and the pricing of LNG has become structurally competitive versus MGO. In 2017 around 11% of all new build contracts were LNG powered ships, a trend that we expect to continue during 2018. Titan LNG is very pleased with these developments and we are proud to be at the forefront of this market.
Connecting Boatbuilders to the New Gold Standard
Victaulic’s forward-thinking vertical integration remains, at the same time, solidly connected to a rich and varied past. It is still common to hear waterfront stakeholders refer to alternative pipe connection systems as temporary or simply as ‘a new development.’ While none of that could be further from the truth, the education of the marine community as to the merits of these products as an alternative to traditional flanges continues. These products – like Victaulic’s market offerings – are indeed mainstream parts of the marine sector…
Marine Piping: It's Not Rocket Science
Anything but unconventional, Viega piping products and systems provide uncommon time savings and safer repairs, leading to a better bottom line. The maritime industry, over time, has been unusually resistant to change in many aspects of how it operates. Arguably, the ‘biggest’ advances on the water spanning a five decade period leading up to the beginning of the new millennium could be measured in terms of deadweight tonnage and/or the length of a particular class of hulls. Nowhere is that reality more evident than in the shipyard…
Container Ship Industry ‘Lucky to Break Even' in 2015,
Global shipping consultancy Drewry predicts the container ship industry will be "lucky to break even this year" as shipping rates slump due to catastrophic overcapacity. A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015. Drewry’s new view of the market revises its earlier forecast that carriers would collectively generate profits of up to $8 billion in 2015. Drewry now says that its revised view is that carriers “will be lucky to break even this year…
Container Shipping Lucky to Break Even in 2015
A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to the Container Forecaster report published by global shipping consultancy Drewry. Earlier this year Drewry forecast that container shipping carriers would collectively generate profits of up to $8 billion in 2015, but our revised view is that it will be lucky to break even this year. This means that some lines will be back in the red by the end of 2015.
Floating LNG Regasification is Used in Smaller Markets
According to the latest research from the US Energy Information Administration (EIA), floating LNG (FLNG) regasification is being used to meet rising natural gas demand in smaller markets. Floating regasification is a flexible, cost-effective way to receive and process shipments of LNG. It is increasingly being used to meet natural gas demand in smaller markets, or as a temporary solution until onshore regasification facilities are built. Of four countries planning to begin importing LNG in 2015…
Emergency On-site Repairs Keeps Vessel Sailing
Hydrex offers fast on-site repairs in emergency situations. Its fast response team are ready to mobilize immediately to locations around the world for a wide range of operations. There are many events that can stop a ship from sailing. Ships with a leaking stern tube are often not allowed to enter ports. A vessel can be tied up after a collision or a malfunctioning rudder can prevent safe maneuvering. Going to drydock is obviously not an option in such cases. Arranging the vessel to be unloaded at sea is an organizational and financial disaster for the owner.
China's Nine Dash Line and the Law of the Sea: Kemp
Territorial disputes over tiny islands and reefs in the South China Sea are poisoning relations between China and its neighbours in Southeast Asia. "In recent months, China has undertaken destabilising, unilateral actions asserting its claims in the South China Sea," U.S. Defense Secretary Chuck Hagel told an audience in Singapore last month. "(China) has restricted access to Scarborough Reef, put pressure on the long-standing Philippine presence at the Second Thomas Shoal, begun land reclamation activities at multiple locations, and moved an oil rig into disputed waters near the Paracel Islands," Hagel complained at the Shangri-La Dialogue.
Offshore Platform 'Siri' for Repair Despite Cost Increase
Dong Energy is implementing a permanent repair solution necessary to restore the integrity of the Danish North Sea platform Siri. The background for the repair work is that DONG Energy during a routine inspection in August 2009 discovered cracks in the nose of the subsea oil tank of the Siri platform. No pollution happened but the production was shut down for five months as a safety measure and re-started January 2010 after a temporary solution had been installed. Following the progress of the project, the repair cost estimate has been increased from the initial expected DKK 2 billion to DKK 3.5 billion of which DKK 0.6 billion was incurred in 2011.
Propulsion Software May Allow Ferry to Begin Service
Officials with the Washington State Department of Transportation Ferries Division said that changes to software controlling the propeller system on the new Chetzemoka ferry may provide a temporary solution to vibration issues first discovered last month. Additional sea trials are scheduled for the middle of next week after representatives of the propulsion-control company write software exerting greater control over the engine “ramping,” which allows the bow propeller to slow the ship as it approaches the dock. The goal is to ramp up the propeller speed over a period of a few seconds longer, as opposed to a more sudden and quick thrust of power.
Noreq Aids Greek Cruise Ship
On August 7, the cruise ship Thomson Spirit collided with another cruise ship, Ocean Majesty - on the Geirangerfjord in Norway. A lifeboat and the davit for a tender vessel were damaged which resulted in Ocean Majesty being refused permission to continue its cruise. No passengers or crew were injured. Noreq AS, a Norwegian manufacturer and equipment supplier, helped the Greek shipping company. A temporary solution was found in record time, and the ship was allowed to continue its voyage to Iceland. The solution was to installa new life-raft davit, ensuring the necessary safety until the shipping company is able to repair or replace the damaged lifeboat and davits.