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Christiania Shipping inks deal for StormGeo CII Simulator
Denmark's Christiania Shipping, which operates 20 vessels, added StormGeo’s CII Simulator to its fleet performance management toolbox earlier this year. “With the…
Insights: Blaine Dempke, CEO, Markey
Established in 1907 as the Industrial Revolution arrived to Seattle, Markey is the oldest privately-held winch manufacturer in the United States today. The company was formed in the Georgetown District of what later became known as King County, Wash. The Markey sign above its original manufacturing plant, on Horton Street, is still retained, although Markey has since moved to its current facility on 8th Avenue South.Markey was a major supplier to the U.S.
Hornblower Announces Leadership Promotions
Hornblower Group on Monday announced the promotions of several key members of its leadership team.“These changes within the leadership team represent a significant milestone for Hornblower Group as we forge ahead in working toward our company’s ambitions goals,” said Kevin Rabbitt, Chief Executive Officer for Hornblower Group. “I have full confidence that this group, with their impressive backgrounds and extensive industry knowledge…
Chinese Military Ship Leaves Sri Lanka After Controversial Visit
A Chinese military survey ship that docked at Sri Lanka's Chinese-built port of Hambantota despite opposition from neighboring India left on Monday after a week-long stay…
MacGregor to Deliver Traction Winch Systems for Chinese Geological Survey Drilling Vessel
MacGregor, part of Cargotec, has been selected to supply two self-contained traction winch systems for a geological survey drilling vessel in China.The vessel is owned by Guangzhou Marine Geological Survey (GMGS), a subsidiary of China’s Ministry of Natural Resources, together with HongHai Marine. HongHai Marine is MacGregor's partner in China, focusing on MacGregor deck machinery integration and service…
Ship Scrap Prices Continue to Fall
It has been a woeful week across all of the major ship recycling markets, with some tumultuous declines leading to minimal interest and offers on any available tonnage.It increasingly seems as though it may be a much softer summer given prevailing sentiments, especially as prices ease back towards the (still impressive) $650s/LDT mark.Most of the deals concluded at $700/LDT (or above) were always seen as precariously positioned…
Sea Change Completes US' First Hydrogen Refueling
The world’s first hydrogen fueling of a commercial marine vessel was successfully completed, and the vessel is now beginning its final sea trials before delivery, SWITCH Maritime announced.The new 75-passenger ferry, called the Sea Change, received hydrogen into its 242 kg tanks on the upper deck on November 18 at All American Marine shipyard. It uses that hydrogen in fuel cells producing electricity to power electric motors for distances up to 300 nautical miles…
Only 15km Left to Finish Nord Stream 2 Pipeline, Putin Says
There are only 15 km (9 miles) left to finish the Nord Stream 2 gas pipeline from Russia to Germany that bypasses Ukraine, Russian President Vladimir Putin said on Friday.The $11 billion project doubling the capacity of the first Nord Stream pipeline to 110 billion cubic meters a year has been a focal point of tensions between Moscow and the West.Despite U.S. sanctions, Nord Stream 2 is almost complete…
Australia LNG Strikes Would Need to Last Over a Month to Spike Prices, Analysts Say
Threatened strikes by workers at Australian liquefied natural gas (LNG) providers would need to last more than a month to significantly push up global prices, analysts said this week.The Woodside Energy and Chevron operations supply about 10% of global LNG output and worries of a walkout have lifted prices of European gas benchmark TTF forward curve 5%-7% higher over the September-to-April period than…
Supply Chain Shocks: Ocean Shipping Challenges Abound
Supply chain issues tied to liner shipping have been front page news throughout 2021; just about everyone agrees that there’s a problem. The underlying cause is right out of Economics 101: a surge in demand for moving containerized cargo, in the face of “inelastic” throughput capacity (which includes vessels and their landside interfaces to surface transportation, trucks and rail) that could not handle the swell…
Scana Merges with PSW Group
Norwegian equipment and service supplier Scana ASA said it is merging with Bergen-based PSW Group, a player in electrification and shore power as well as a major supplier of products and services to the offshore and maritime industries. Together, the Norwegian companies aim to create a leading global service provider for maritime's green shift.“The entire maritime industry is in transition to more sustainable operations.
Scientists Study French Polynesia's Coral Reefs
The Khaled bin Sultan Living Oceans Foundation has released their findings from the largest coral reef survey and mapping expedition ever conducted in French Polynesia.The…
Vehicle Carrier Ship Hit by Explosion in Gulf of Oman
An Israeli-owned ship, the MV HELIOS RAY, was hit by an explosion in the Gulf of Oman overnight Thursday and a U.S. defense official said the blast left holes in both sides of the vessel's hull.
Canadian Coast Guard Opts for Thordon Bearings
CCGS Terry Fox, one the largest icebreakers in the Canadian Coast Guard (CCG) fleet, has returned to service with new Thordon propeller shaft bearings after concluding that fitting laminate phenolic bearings would extend drydock time and costs.The 88-meter-long vessel, built in the 1980s, had been operating Thordon’s water lubricated elastomeric polymer bearings on both shafts for 24 years. Then in…
Damen, MO4 In Pact to Further Digitalize Offshore Wind Ops
Dutch Damen Shipyards Group has teamed up with technology firm MO4 specializing in offshore motion prediction, to take a step towards the digitalization of offshore wind farm operations. "This strategic alliance pairs Damen’s Triton monitoring platform with MO4 motion forecasting knowledge, offering data analytic-based services. Vessel operation will become more effective and safety levels will increase at the same time…
World's Largest LNG Carrier Earns ABS Approval
The American Bureau of Shipping (ABS) issued an approval in principle (AIP) to Hudong-Zhonghua (HZ) Shipyard for its new liquified natural gas (LNG) carrier design, currently the world’s largest with 271,000 cubic meters of cargo tank capacity.The design features flexible dual-fuel propulsion and an air lubrication system for more sustainable operations. The synergy of a more efficient hull and the…
Zinus Develops New Shore Power Solution for Cruise Ships
The Norwegian company Havnekraft has awarded Zinus a contract to develop and deliver a new and flexible shore power solution for cruise ships calling at Haugesund Cruise Port. Several international ports are also showing great interest in the solution.For several years, Zinus has offered the Shore Power Cruiser – a mobile and flexible system for transmitting high-voltage shore power to cruise ships and other large vessels.
Buffalo Harbor Dredging Contract Awarded
Michigan-based Ryba Marine Construction Company has secured a $991,500 contract from the U.S. Army Corps of Engineers (USACE), Buffalo District to perform dredging of the federal navigation channel in Buffalo Harbor, ensuring accessible depths for large vessels, the continued flow of commodities across the Great Lakes and the economic viability of United States waterways.“In addition to the increase in recreational use along Western New York waterways…
Great Lakes Dredge & Dock's 1Q Profit, Revenue Rise
Great Lakes Dredge & Dock Corporation reported a first-quarter net income of 11.1 million in the first quarter of 2022 an increase compared to first-quarter 2021 income of $8.8 million.Revenue for the quarter was $194.3 million, an increase of $16.7 million from the first quarter of 2021. The higher revenue in the first quarter of 2022 was due to higher domestic capital and coastal protection revenue…
Rystad: FPSO Contracts in 2021 Hit Pre-Pandemic Levels. Ten New Orders Expected in 2022
According to Rystad Energy research, the market for floating production, storage, and offloading (FPSO) units almost brushed off the pandemic's effect in 2021, driven mostly by Brazil demand, and is predicted to continue apace in 2022, with 10 new awards expected.Two lease contracts were awarded in the fourth quarter of 2021, bringing the total for the year to 10 – up from just three in 2020 – a strong rebound for the FPSO market.Per Rystad…
