Fincantieri Scoops $1.27B Deal to Supply Two Patrol Vessels to Indonesia
Fincantieri and the Indonesian Ministry of Defense have signed a contract for the supply of two Multipurpose Offshore Patrol Vessel (PPA) units.The $1.27 billion (€1.18 billion) deal is part of the framework of collaborative relations initiated by the Italian Ministry of Defense.A PPA is a highly flexible ship with an outstanding technological standard. It has the capacity to serve multiple functions, ranging from patrol with sea rescue capacity to Civil Protection operations and first line fighting vessel.The vessels to be supplied by Fincantieri will be 143 meters long overall…
Automakers Reroute Shipments After Baltimore Bridge Collapse
U.S. automakers General Motors and Ford will reroute affected shipments after a bridge collapse in the U.S. shuttered the Port of Baltimore, but the companies said on Tuesday the impact will be minimal."We expect the situation to have minimal impact to our operations. We are working to re-route any vehicle shipments to other ports," GM said in a statement.The Port of Baltimore is the busiest U.S. port for car shipments, handling at least 750,000 vehicles in 2023, according to data from the Maryland Port Administration.
Svitzer Targets Methanol-Fuelled MAN 175DF-M Engine
MAN Energy Solutions and Svitzer have signed a Memorandum of Understanding (MoU) focused on the development of a methanol-fuelled version of the MAN 175D engine. Designated 175DF-M (Dual Fuel-Methanol), the MoU targets the finalisation of a field-test agreement based on which a dual-fuel engine and plant equipment will be installed on board one of Svitzer’s newbuild tugs.Svitzer has a long-standing relationship with MAN Energy Solutions, especially recently with the MAN 175D engine.
Itochu, U-Ming Mull Ammonia-Fueled Ships
Japanese trading house Itochu Corp will study joint ownership and operation of ammonia-fueled ships with Taiwan's U-Ming Marine Transport Corp, Itochu said in a statement, as Japan is bets on ammonia to cut emissions.The shipping industry transports about 90% of world trade, and accounts for nearly 3% of the world's carbon dioxide emissions; and installing ship engines that burn cleaner fuels could help slow global warming trends.The IMO has set a target of net-zero greenhouse gas emissions by around 2050…
Schottel Breaks Ground for Rudder Propeller Factory Expansion in Germany
Schottel has marked the symbolic start of construction for the expansion of its rudder propeller factory in Dörth, with the construction already advancing towards the planned commissioning in 2025.Schottel is expanding its rudder propeller factory by adding a logistics center measuring around 4,000 m2.As the official ground-breaking ceremony was delayed, it has now taken place symbolically against the backdrop of the shell construction that has already begun.The total investment volume amounts to €9.5 million…
Venture Global LNG to Buy Fleet of LNG Vessels
Venture Global LNG said on Sunday it would acquire a fleet of nine liquefied natural gas (LNG) transport vessels, expanding its ability to sell and ship its own cargoes.Venture Global LNG has exported hundreds of cargoes since it started liquefying gas for export in 2022 from the first of its three planned facilities in Louisiana. The vessels it used were owned by other companies and leased.The nine vessels in Venture Global's future fleet will be built in South Korea with the first to be delivered later this year…
NextDecade Targets Train 4 FID at Texas LNG Facility in H2 2024
NextDecade said on Monday it was targeting a final investment decision (FID) and plans to start construction of the fourth liquefaction train at its Rio Grande liquefied natural gas (LNG) facility in Texas by the second half of 2024.The Rio Grande LNG export plant has been in development for several years, suffering repeated delays. Last year the company made an FID to construct the first three liquefaction trains at the facility.NextDecade expects to finalize commercial arrangements for Train 4 in the coming months to support the FID.
AME Hires Paul Savage as Operations Manager
Fort Lauderdale, Fla. based maritime and industrial mechanical service repair specialist Advanced Mechanical Enterprises (AME) announced it has appointed Paul Savage as its new Operations Manager.With over 30 years of leadership and project management experience, Savage joins the AME management team from Veolia North America, where he served as Vice President, managing complex industrial and government contracts. At Veolia, Savage was at the helm of commercial, state, and federal contracts…
US Gulf Coast Fuel Oil Imports Hit Five-year Low
Imports of fuel oil bound for the U.S. Gulf Coast fell to a five-year low last month as refiners ran more cheap, heavy Canadian crude and geopolitical tensions in the Middle East pressured fuel oil flows.Fuel oil deliveries to the Gulf Coast dwindled in February to just 318,000 barrels per day (bpd), a 20% drop from the prior month and marking their lowest level since February 2019, data from tanker tracking firm, Kpler showed.Heavy fuel oil feedstocks like high sulfur fuel oil…
Wärtsilä Relaunches STC0-23 Sewage Treatment Plant
Wärtsilä Water & Waste, part of technology group Wärtsilä, has relaunched the STC0-23 sewage treatment plant, part of its series of Super Trident technologies.The relaunch, which comes after a gap of more than 13 years, sees several improvements to STC0-23, including the smallest and most compact design of any Wärtsilä Water & Waste sewage treatment plant. The technology works with both gravity and vacuum waste collection systems and utilizes an activated sludge system to speed…
Houthis Say They Can Reassess Red Sea Attacks if Israeli 'Aggression' Stops
Yemen's Houthis said on Tuesday they could only reconsider their missile and drone attacks on international shipping in the Red Seaonce Israel ends its "aggression" in the Gaza Strip.Asked if they would halt the attacks if a ceasefire deal is reached, Houthi spokesman Mohammed Abdulsalam told Reuters the situation would be reassessed if the siege of Gaza ended and humanitarian aid was free to enter."There will be no halt to any operations that help Palestinian people except when the Israeli aggression on Gaza and the siege stop…
New Agreement to Kickstart Salem Offshore Wind Terminal
The Massachusetts Clean Energy Center (MassCEC), Crowley Wind Services and the City of Salem announced the transfer of ownership and an agreement for site improvements and ongoing operations for the Salem Offshore Wind Terminal.The agreement will kickstart the transformation of the site into the second port built specifically to support the construction of offshore wind farms in Massachusetts. The Salem Offshore Wind Terminal will also support the construction and installation…
Hanwha Ocean Secures $258M Order for Two VLCCs
South Korean shipbuilder Hanwha Ocean has received an order to construct two very large crude carriers (VLCCs) for a shipping company in Oceania.The order for VLCCs, worth $257.8 million (342 billion won), is the first such order for Hanwha Ocean in the last three years. This is also the highest price for the vessels in 16 years, since the 2008 global financial crisis, the company said.The ships will be built at the Geoje plant and delivered to the shipowner in the first and second half of 2026…
Canadian Coast Guard Awards Contract for Icebreaker Life Extension
Canada's Minister of Public Services and Procurement, Jean-Yves Duclos, on behalf of the Minister of Fisheries, Oceans and the Canadian Coast Guard, Diane Lebouthillier, announced a contract award following a competitive process, valued at approximately $44 million (including taxes) to Ocean Industries Inc. for the vessel life extension of the CCGS Griffon.Scheduled to take place from June 2025 to October 2026, the vessel life extension work entails refurbishing and repairing the main propulsion motors…
ABB to Power First South American Built Hybrid-electric Polar Expedition Cruise Ship
ABB has been selected by the Astilleros y Servicios Navales S.A. (ASENAV) shipyard based in Chile to provide a power and propulsion system for Antarctica21’s newbuild boutique expedition ship Magellan Discoverer. Due for delivery in 2026, the vessel is the first hybrid-electric polar cruise ship featuring Azipod propulsion to be built in the Americas. Accommodating up to 96 passengers and 67 crew members, the vessel will be operating in the Antarctic Peninsula, South Georgia and…
World’s First Ammonia-powered Containership Ordered
Partners behind a project to develop the world’s first ammonia-powered containership have placed an order to build the groundbreaking vessel at Qingdao Yangfan Shipbuilding, in China.Expected to be delivered by mid-2026, the 1,400 TEU ice-class containership Yara Eyde will run on ammonia as fuel, serving routes between Norway and Germany.The vessel will be owned by Delphis, the container division of CMB.TECH, and operated by NCL Oslofjord AS, a joint venture between North Sea…
Weather Data Gathering Project Underway for US Offshore Wind
The U.S. Department of Energy (DOE) and the National Oceanic and Atmospheric Administration (NOAA) have launched an 18-month initiative to gather extensive weather, ocean, and wildlife data near the sites of active offshore wind farms and lease areas off the coast of the Northeast United States.This effort, which is part of the third phase of the Wind Forecast Improvement Project (WFIP3), seeks to gather high-quality data to improve the design and operation of offshore wind turbines and wind farms.
Insights: Blake Powell, JMS Naval Architects
Blake Powell, president at JMS Naval Architects, discusses his career, company and latest trends in naval architecture and marine engineering.Please give a brief professional bio, including education, experience and overview of current duties as president of JMS Naval Architects.I earned my degree in Naval Architecture from the University of California, Berkeley where I attended on a Navy ROTC scholarship and was commissioned as a Diving and Salvage Officer after I graduated.
Hanwha Ocean Receives $250M Order for Two Very Large Ammonia Carriers
Hanwha Ocean has secured an order worth approximately $250 million for two very large ammonia carriers (VLACs) for a shipowner in the Oceania region.Each VLAC will be able to transport 93,000 cubic meters (cbm) of ammonia, and will be equipped with eco-friendly technology, the South Korean shipbuilder said.In particular, the ships integrate the company's carbon-reduction technologies, including HS4 (Hanwha SmartShip Solution & Service), a smart ship platform developed by Hanwha Ocean itself…
Design Approval Sought for Fuel Cell High-Speed Vessel
TECO 2030 and Umoe Mandal have delivered a documentation package to the Norwegian Maritime Authority for an approval in principle application of the world’s first fuel cell high-speed vessel design.The designed vessel is designed to be installed with a multimegawatt fuel cell system for full propulsion.The ship will be constructed based on Umoe Mandal’s proven Crew Transfer Vessel (CTV) Surface Effect Ship (SES) technology and with the air-cushion catamaran design it will offer low imprint on surrounding environment…
Freeport LNG Unit Faces Month-long Outage
U.S. liquefied natural gas (LNG) company Freeport LNG said on Friday it expects one of three liquefaction units at its Texas plant will be out of service for about a month after it faced a technical issue during last week's Arctic freeze.This shutdown was the latest in a series of incidents at the plant since it exited an eight-month outage from June 2022 to February 2023 following a fire and explosion.Since April, at least one liquefaction train at the plant has shut or tripped - sometimes several times…
Rolls-Royce Opens mtu Remanufacturing and Overhaul Center in US
Rolls-Royce Power Systems Division has opened a new Remanufacturing and Overhaul Center on its mtu Aiken campus in South Carolina.First announced in 2021 and representing a low double-digit million dollar investment, the new 69,000-sq.ft. (6,400 sqm) facility is connected to the existing manufacturing operations, bringing formerly outsourced workshop and warehouse operations in-house and expands them to provide remanufacturing and overhaul of mtu Series 2000, Series 4000 and Detroit Diesel 2-Cycle engines and components, plus internal and external rework services.
What Does Red Sea Disruption Mean for Europe's Economy?
Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe, carrying around 15% of global sea trade.For the European economy, already skirting a mild recession as it tries to shake off high inflation, prolonged trade disruption could derail plans by central banks to start cutting interest rates this year.Here are some factors policymakers are considering as they assess the implications of the disruptions.WHAT HAS BEEN THE IMPACT ON THE EUROPEAN ECONOMY SO FAR?In macroeconomic terms…