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Thursday, May 2, 2024
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The Company News

02 May 2024

Young Brothers Is First in the US to Use Innovative Mooring System

(Photo: Young Brothers)

Hawai‘i’s interisland freight company Young Brothers has become the first marine transportation company in the Unites States to install an innovative mooring system designed to improve safety and efficiency.The new $1.5 million ShoreTension mooring system was blessed in a ceremony at the Port of Kaumalapau in Lāna‘i on Monday. The technology, which keeps the barge steady against the dock during inclement weather, is already being utilized in harbors around the globe in countries like New Zealand…

02 May 2024

BAE Systems Wins $87 Million Contract to Upgrade USS Carter Hall

File photo: USS Carter Hall (LSD 50) (Photo: Tommy Lamkin / U.S. Navy)

The U.S. Navy has awarded BAE Systems a contract worth more than $87 million for repair work aboard the dock landing ship USS Carter Hall (LSD 50).The nearly 30-year-old vessel will undergo a year of restorative work at BAE Systems’ shipyard in Norfolk, Va., which is also the ship’s homeport. The company said it will begin working aboard the 610-foot-long ship in July 2024, performing a combination of maintenance and preservation work on the ship’s hull, its internal fuel and ballast tanks and the engineering plant.

02 May 2024

AAL Christens New Heavy Lift Ship in China

AAL Limassol (Photo: AAL Shipping)

A formal naming ceremony was held at the CSSC Huangpu Wenchong Shipbuilding Company in the Chinese province of Quanzhou on April 26 for AAL Shipping’s new heavy lift vessel, AAL Limassol.Due to sail on her maiden voyage from China into Europe, the 32,000 deadweight AAL Limassol is set to carry a full weather deck of project heavy lift cargo, including two 135-meter-long barges, weighing 1,650 tonnes and fifteen 80.5-meter-long wind blades. The newbuild will sail under the Cyprus flag.Kyriacos Panayides…

02 May 2024

Maritime Trafficking: How Balkan Gangsters Became Europe's Top Cocaine Suppliers

© Roger / Adobe Stock

In 2018, convicted cocaine trafficker Slobodan Kostovski fled a Brazilian prison and made his way back to Europe with a fake passport.The Serbian senior quickly fell into old habits, police allege. Last August, Kostovski was arrested in Belgrade, accused of shipping 2.7 metric tonnes of cocaine from Brazil aboard a 22-meter vessel apprehended near Spain’s Canary Islands.Nicknamed “the General” by his associates, he had been trafficking “large amounts” of powder to “Europe for a long period of time,” Serbian police wrote in a 2022 intelligence report obtained exclusively by Reuters.

02 May 2024

Shipbuilder HII Beats Q1 Estimates

(Photo: Ashley Cowan / HII)

Huntington Ingalls Industries (HII) reported a better-than-expected quarterly earnings on Thursday, on the back of demand for aircraft carriers, amphibious assault ships and submarines amid high geopolitical tension.Demand for submarines and aircraft carriers is surging, fueled by China's expanding naval footprint and high global tensions, benefiting shipbuilding giants such as Huntington Ingalls.Huntington is the only major pure-play defense company that has outperformed S&P 500 index…

02 May 2024

Maersk Raises Profit Guidance on Strong Demand and Red Sea Disruption

© OliverFoerstner / Adobe Stock

Shipping group Maersk raised its full-year profit guidance after reporting first-quarter earnings on Thursday, citing strong demand and higher freight rates as ships sail for longer to avoid conflict in the Red Sea.The company, viewed as a barometer of world trade, said that shipping disruptions caused by Houthi militants' attacks on vessels in the Red Sea were expected to last at least until the end of the year, adding that growth in demand for container shipping had been stronger than forecast."The container volumes we see today are quite high compared to GDP growth in the world economy…

02 May 2024

Hensoldt UK wins deal for Royal Fleet Auxiliary Ships

image courtesy Hensoldt UK/UK RFA

Sensor solutions provider Hensoldt UK has been selected by Navantia UK to provide key systems to the UK Royal Fleet Auxiliary’s (RFA) three new Fleet Solid Support (FSS) ships. The new vessels will incorporate Quadome Naval 3D Air and Surface Surveillance Radar, Air Traffic Management (ATM) systems and Kelvin Hughes Integrated Navigation Bridge Systems (INBS).Hensoldt will supply its new-generation Quadome 3D Air and Surface Surveillance radar, which features the latest software…

02 May 2024

Bergen Engines to Power World’s Largest Hydrogen Ferries

(Credit: Bergen Engines)

Norwegian power solutions supplier Bergen Engines has been selected to provide four generating sets to support the world’s largest hydrogen ferries, operating on Norway’s longest ferry connection from Bodø to Lofoten.The C25:33L8A generating sets will be fueled by low carbon Hydrotreated Vegetable Oil (HVO) and will serve as support power to the hydrogen fuel cells onboard, which act as the vessel’s main propulsion power.Scheduled for delivery in 2026, these new ferries will be…

02 May 2024

Tristar Eships Picks Wärtsilä for Carbon Footprint Management

Solar Nesrin chemical tanker (Credit: Tristar Eships)

Tristar Eships, the maritime logistics division of the Dubai-based Tristar Group, has selected technology group Wärtsilä’s Decarbonization Services to support its decarbonizing operations.Wärtsilä’s Decarbonization Services will initially be applied to two tankers in the company’s fleet and is tailored to create a significant reduction in their carbon emissions.The analysis to be undertaken for the first two Tristar Eships vessels, includes Wärtsilä’s EnergoFlow, EnergoProFin…

02 May 2024

Trafigura Orders Four Dual-Fuel Ammonia-Powered Vessels

© dechevm / Adobe Stock

Commodities trader Trafigura has placed an order to HD Hyundai Mipo Dockyard for the construction of four Medium Gas Carriers (MGC) that will be capable of using low-carbon ammonia as a propulsion fuel.The vessels will carry LPG or ammonia will be built at HD Hyundai Mipo Dockyard in Ulsan, South Korea.The first ship will be delivered in 2027. Each vessel, when delivered, will be equipped with a dual-fuel low-carbon ammonia engine, supporting Trafigura’s commitment to reduce the…

01 May 2024

Crowley Reaches Labor Deal for Isla Grande Terminal in Puerto Rico

(Photo: Crowley)

Crowley and Teamsters Union Local 901 have reached a new labor agreement to extend their longtime partnership into its sixth decade serving the shipping and logistics needs of Puerto Rico.The agreement, recently ratified by union members, covers the 200 employees who work at Crowley’s Isla Grande Terminal in San Juan until 2029. Employees there serve as port equipment operators, truck drivers and support operations in various other roles important to safe and reliable operations.“We have successfully worked with the Teamsters Union to provide safe…

01 May 2024

Cruise Operator Viking Makes Strong NYSE Debut

© NAN / Adobe Stock

Shares of Viking Holdings rose 9% in their debut on the New York Stock Exchange on Wednesday, giving the travel and cruising company a valuation of $11 billion.Viking opened at $26.15 compared with its initial public offering (IPO) price of $24 in a stellar debut, amid a rebound in stock market listings and at a time when cruise stocks have delivered outsized returns.Founded in 1997, Viking provides destination-focused itineraries including a shore excursion at every port and an onboard and onshore program through performances of music and art, cooking demonstrations, port talks and guest lect

01 May 2024

US Issues Hundreds of Sanctions Targeting Russia, Takes Aim at Chinese Companies

© ezumer / Adobe Stock

The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.The U.S. Treasury Department imposed sanctions on nearly 200 targets and the State Department designated more than 80 in one of the most wide-ranging actions against Chinese companies so far in Washington's sanctions aimed at Russia.The U.S. imposed sanctions on 20 companies based in China and Hong Kong…

01 May 2024

Scandlines Announces Executive Management Changes

Eric Gregoire (Photo: Scandlines)

Ferry operator Scandlines announced changes to its executive management team, hiring Eric Gregoire and Mikael Koch Jensen to join the company as CEO and CFO respectively.Gregoire will start in July 2024 and comes from a position as CEO of Goodpack Pte Ltd. in Singapore. He has previously held positions at several international companies such as General Electric and DuPont.“Scandlines is strongly positioned for the future as an innovative and competitive provider of maritime transport between Germany and Denmark.

01 May 2024

New Union Deal Aims to Boost US Navy Shipbuilding Workforce

Attendees of the signing of the National Ship Building Supplemental Workforce Agreement between International Brotherhood of Boilermakers International President Warren Farley (seated, center left) and Bartlett Maritime Corporation CEO Edward Bartlett jr. (seated, center right), presented to Senior Advisor to the Secretary of the Navy Steve Brock (seated, left) in Cleveland on April 29, 2024. (Courtesy photo by Hunter Stires)

A new union deal aims to help bolster the workforce of the U.S. Navy shipbuilding and repair industrial base, which has struggled alongside many other sectors to attract and retain the volume of employees needed to achieve efficient operations.The International Brotherhood of Boilermakers (IBB) and the Bartlett Maritime Corporation (BMC) have signed an agreement as part of ongoing efforts to mobilize skilled workers across the Midwest in support of critical Navy programs.It permits…

01 May 2024

Dennis Tetzlaff Appointed COO Fleet at Stena Line

Dennis Tetzlaff courtesy of Stena Line.

Dennis Tetzlaff has been appointed Stena Line’s new Chief Operating Officer Fleet.Tetzlaff enters his new role with a wealth of experience, having worked in various professions within the shipping and cruise industry over the past two decades. Most recently, he comes from TUI Cruises, where he served as the Vice President Fleet Operations & Newbuild.Tetzlaff has a degree in nautical science and maritime transport from the University of Applied Sciences in Emden/Leer, Germany, but his career at sea already started at age 20…

30 Apr 2024

Corvus Energy to Supply ESS for First Net Zero Subsea Construction Vessel

The new ESCV will run on green methanol and batteries and will be the first vessel to perform heavy construction work in both offshore wind and subsea with net zero emissions. Photo by REM Offshore.

Corvus Energy has been selected by HAF Power Solutions (HPS) to supply Energy Storage Systems (ESS) for the Energy Subsea Construction Vessel (ESCV) to be built for shipowner REM Offshore.The new ESCV is of ST-245 design and will be the first vessel to perform heavy construction work in both offshore wind and the subsea market with net zero emissions. The vessel will be equipped with dual-fuel methanol engines and a 1.7MW battery system. The batteries will be used for spinning…

30 Apr 2024

Houthis Attack Four Ships in Indian Ocean, Red Sea

File photo: The U.S. Navy's Arleigh Burke-class guided-missile destroyer USS Laboon (DDG 58) patrols the Red Sea in December 2023. (Photo: Elexia Morelos / U.S. Navy)

Yemen's Houthis said on Tuesday they targeted the MSC Orion container ship in a drone attack in the Indian Ocean as part of their ongoing campaign against international shipping in solidarity with Palestinians against Israel's military actions in Gaza.MSC Orion was sailing between the ports in Sines, Portugal and Salalah, Oman, according to LSEG data.Reuters found conflicting information about the registered owner of the MSC Orion. According to LSEG and other data providers, the ship is owned by Zodiac Maritime…

30 Apr 2024

Green Light for $3 Billion Oil Port off Texas Expected By Year-end

Rendering courtesy Enterprise Products Partners

Enterprise Products Partners on Tuesday said it expects to have two contracts for its proposed deepwater oil export terminal by May 31 and reach a final investment decision before year-end.Enterprise's ambitious Sea Port Oil Terminal (SPOT), proposed off for a site off the coast of Texas, would be able to load two supertankers at a single time. It received a key government license this month, but is yet to sign any commercial customers.The cost of the project has soared to about $3 billion…

30 Apr 2024

Kongsberg to Supply Hybrid Electrical Systems for Matson's New Box Ships

(Image: Matson)

Matson Navigation Company’s new liquefied natural gas (LNG)-powered containerships will feature a comprehensive range of integrated technologies from Kongsberg Maritime to optimize energy use and reduce emissions.The Norwegian company announced Tuesday that it will supply hybrid electrical systems, controlled and operated by its Energy Management System, for a series of three 3,600 TEU vessels that are being built by Philly Shipyard for the U.S.-based shipowner. The Kongsberg Maritime scope of supply includes a Shaft Generator System…

30 Apr 2024

All American Marine Delivers Hydrofoil-Assisted Tour Vessel to Phillips Glaciers

(Photo: All American Marine)

Bellingham, Wash. shipbuilder All American Marine (AAM) has delivered a new high-speed and long-range eco-tour vessel to Phillips Cruises and Tours. The vessel will operate daily in Prince William Sound and will be based out of Whittier, AlaskaDeveloped by Nic de Waal of Teknicraft Design in Auckland, New Zealand, the Chugach Express boasts an 84.5’ x 30.7’ semi-displacement aluminum catamaran hull.The new sightseeing vessel integrates the signature Teknicraft Design symmetrical and asymmetrical combined hull shape, bow wave piercer, and a patented hydrofoil-assisted hull design.

30 Apr 2024

Princess Revises 2025 Cruise Routes Amid Red Sea Tensions

© peter / Adobe Stock

Carnival's Princess banner is revising itineraries of two of its cruises undertaking a global voyage next year, amid uncertainties in the Red Sea, the cruise operator said on Tuesday.The company said the banner's two "2025 World Cruises"—Island Princess and Crown Princess—would no longer be visiting the Middle East and Asia, and instead would offer new port stops in Africa and Europe.Cruise operators such as Carnival and rival Royal Caribbean are exercising caution as attacks by Iranian-backed Houthi militants on vessels in the Red Sea disrupt shipping in the Suez Canal…

30 Apr 2024

Acteon’s LDD Getsy Busy at Scottish Port's Infrastructure Upgrade

(Credit: LDD)

LDD, an Acteon company, has been awarded a contract by George Leslie to perform piling works on the Kennacraig Port's ferry terminal in Scotland.LDD, a marine foundations brand within Acteon, is supplying reverse circulation drilling (RCD) services to George Leslie to construct a new sheet pile quay wall at Kennacraig Port.The project is being undertaken in challenging ground conditions with hardness ranging from 90 to 150 MPa.Kennacraig is an existing operational ferry terminal, and the piling works will upgrade the port infrastructure to facilitate the use of new vessels.