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ABS grants AiP for HD KSOE's Hydrogen Vacuum Insulation System
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received ABS approval in principle (AIP) for a tank design that enables large-scale hydrogen transport and storage.The vacuum insulation system from HD KSOE is designed to reduce the time required to create a vacuum in large tanks, essential for transportation. The new technology allows maintaining a vacuum state at –253℃, which KSOE says enables…
European firms exposed as Trump targets US offshore wind
U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harm wildlife.Former President Joe Biden supported the offshore wind industry, setting a target for 30 gigawatts (GW) of projects by 2030, up from 42 megawatts at the end of 2023, prompting many European…
Baltic Index Declines to 1-year Low
The Baltic Exchange's dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, fell for a sixth straight session on Tuesday to an over one-year low as rates weakened across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 29 points, or 3.03%, to 928 points - its lowest since June 2023.The Baltic index is expected to decrease in the lead up to the Chinese new year…
US NatGas Demand Could Hit Record High
U.S. spot natural gas and power prices soared to multi-year highs in several parts of the country with extreme cold expected to boost gas demand to a daily record high on Tuesday.Extreme weather has created havoc for power and gas markets in recent years as demand has come close to outpacing supply.In February 2021, a freeze in Texas killed more than 200 people and left millions without power, water…
OMSA's Aaron Smith Reflects on Offshore Wind Development Pause
The Offshore Marine Service Association (OMSA) views President Trump’s Presidential Memorandum to pause offshore wind development projects as a critical opportunity to reassess the industry’s direction.While offshore wind offers tremendous potential for economic growth and job creation in the U.S., OMSA agrees that over-reliance on foreign renewable energy companies, foreign vessels, and foreign mariners…
Hornblower Appoints Wolin as President of City Experiences
Hornblower Group is excited to announce the appointment of Len Wolin as President of City Experiences, effective January 20. In his new role, Wolin will lead the strategic direction of City Experiences, which encompasses Hornblower Group’s diverse portfolio of water- and land-based experience companies. Wolin will be responsible for driving the unified strategy across the City Cruises, Walks, and Devour Tours brands…
Box Sector bullish after stellar 2024, but risks abound in 2025
The time charter (TC) rates for Post Panamax container vessels rose by 111% year-on-year (y-o-y) in 2024, hitting 73,330 USD/Day, and has led to a huge uptick in newbuild orders and a slowdown in demolitions according to Veson Nautical’s ‘2024 End- Of-Year-Report’.The report states that the bullish market conditions for the container sector are reflected in the TC rates as well as the 76% y-o-y increase in new ship orders which witnessed 321 deals including options…
USCG Commandant Fagan Fired by Trump Administration
The Trump administration fired U.S. Coast Guard Commandant Admiral Linda Lee Fagan, the first female uniformed leader of an Armed Forces branch, for putting diversity issues over border security, Fox News Digital reported.See Related story on the US Coast GuardWhile the White House and Homeland Security Department did not immediately return a request for comment on the report, it appears valid from…
MOL Grows Dry Bulk Carrier Fleet with Gearbulk Acquisition
Mitsui O.S.K. Lines (MOL) has completed the acquisition of 72% shares in Gearbulk, growing its fleet of dry bulk carriers to 338 vessels.The completion of acquisition means Gearbulk is now MOL’s consolidated subsidiary.Gearbulk has a proven track record of growth through the transport of semi-finished products such as pulp. MOL has had a 34-year partnership with Gearbulk since its equity participation in 1991.With the consolidation…
Slime Time: Actively Monitoring a Vessel's Hull Slime
Slime build-up is a costly drag on fuel efficiency for ocean-going cargo ships, leading to more emissions and, eventually, higher consumer prices. A recent study, however, suggests a new approach to managing this common problem.Researchers at KTH Royal Institute of Technology developed a model for estimating the speed and extent of biofilm growth, which could enable ship operators to schedule hull cleaning at optimal intervals to save on fuel consumption.Cornelius Wittig…
Greece to House Europe’s First XR Ship’s Bridge Simulator for Maritime Training
Capital Ship Management Corp and FORCE Technology have partnered up to create Europe’s first Extended Reality (XR) Full Mission Bridge simulator, designed to support maritime training.The simulator will be housed at Capital Group’s state-of-the-art training facility at the port of Chios Island in Greece, which is slated to open in 2025.Designed to enhance seafarers' skills, this modern center of excellence reinforces Capital Group’s dedication to innovation…
US LNG Export Permit Applications Back on Table under Trump’s Order
President Donald Trump issued an order on Monday for the U.S. to resume processing export permit applications for new liquefied natural gas (LNG) projects, part of an effort to raise U.S. energy output and dismantle his predecessor's climate policies.The Republican's executive order, which was expected, effectively reverses a pause on permits for new projects that former President Joe Biden put in place in early 2024. Biden, a Democrat, paused the approvals so U.S.
Trump: Second Term, Second Withdrawal from Paris Climate Agreement
President Donald Trump once again withdrew the United States from the Paris climate deal on Monday, removing the world's biggest historic emitter from global efforts to fight climate change for the second time in a decade.The move places the United States alongside Iran, Libya and Yemen as the only countries in the world outside the 2015 pact, in which governments agreed to limit global warming to…
ADNOC L&S Transfers Tankers to Navig8 After Acquisition
Abu Dhabi National Oil Company's logistics arm has transferred its tankers to Navig8 after it bought 80% of the firm for more than $1 billion and will cut part of its workforce, the state oil giant said in a statement.ADNOC Logistics & Services, which raised nearly $770 million in an initial public offering in 2023, said in June it was buying Singapore-headquartered Navig8 as part of its growth strategy.ADNOC has listed several of its units in recent years and pursued a string of deals to expand
Indian Register of Shipping Strengthens Naval Sector Role
Indian Register of Shipping (IRS) is participating in major new construction projects for the Indian Navy and Indian Coast Guard.Recently, steel-cutting for vessels classified by the Indian Register of Shipping include the second ‘Fleet Support Ship’ at L&T Shipbuilding, the first ‘Next Generation Missile Vessel’ at Cochin Shipyard, the second ‘Next Generation Coast Guard Offshore Patrol Vessel’ and first Coast Guard ‘Fast Patrol Vessels’ at Mazagon Dock Shipbuilders…
NOIA Ready to Drive Offshore Energy with Trump Administration
National Ocean Industries Association President Erik Milito issued the following statement regarding the inauguration of President Donald Trump:"American offshore energy stands as a cornerstone of our nation's greatness. We are committed to working alongside the new administration and Congress to advance all facets of American offshore energy. Our focus is clear: achieving American energy dominance…
The Nuclear Submarine NR-1; Life is Actually Like This.
Nuclear energy, and, particularly for me, nuclear ship propulsion, continues to be a tantalizing solution to CO2 reduction.We know nuclear energy works, but from that point on there appear to be more questions than answers. The questions range from economic viability to waste disposal concerns. I am not a nuclear engineer, but in general engineering systems terms, I have followed nuclear power for decades.
CMT Gets Joint Managing Director as Founder Heads for Retirement
Germany-based maritime condition monitoring equipment supplier CM Technologies (CMT) has appointed David Fuhlbruegge and Jens Uwe Krueger as joint Managing Director.The appointments, effective immediately, come as the company's current Managing Director and founder, Matthias Winkler, begins the transition to semi-retirement after leading the company since its formation in 2003.David and Uwe have been with CMT for 20 and 10 years respectively.
AIP: KSOE Earns Nod for Liquefied Hydrogen Tank Tech
DNV awarded an AiP to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its innovative vacuum-insulated large-scale liquefied hydrogen tank, another advancement in providing practical storage solutions for liquefied hydrogen (LH2).Developing cost-effective and flexible large-scale liquid hydrogen storage with higher safety, and lower operational and capital cost is essential if LH2 is to realize its promise for decarbonizing industries such as transportation…
China's Low-Sulfur Marine Fuel Exports Down 1.6%
2024 LSFO exports 18.33 mln tons, -1.6% vs 20232024 fuel oil imports +7.4% at record 24.1 mln tonsFuel oil imports to trend down in 2025 on new tariffs, tax policy China's exports of low-sulfur marine fuels dipped 1.6% in 2024 from the previous year, data from the General Administration of Customs showed. The decline in exports emerged despite an uptick in refuelling demand at key bunker ports globally…
Video: CMA CGM's New 20,600 TEU Containership
Baltic Workboats Delivers New Launch for the Laurentian Pilotage Authority
Cyber Security to the Fore as New Coast Guard Rules Loom
SAFE Boats Debuts 41-ft. Offshore Interceptor in New Orleans
MJP Debuts New WaterJet
Brunswick Introduces New RHIB
IMO 2020: New Rules Demand New Solutions
Sterling PBES Launches a New Maritime Cartridge Battery Solution
LR - Fit for 55: Managing compliance and optimising operations
New BAE Jacksonville Shiplift is on Track to Start Ops in ’25
