Maritime Industry Top News
Mighty River to Muddy Trickle: South America's Parana Rings Climate Alarm
Gustavo Alcides Diaz, an Argentine fisherman and hunter from a river island community, is at home on the water. The Parana River once lapped the banks near his wooden stilt home that he could reach by boat. Fish gave him food and income. He purified river water to drink.Now the 40-year-old looks out on a trickle of muddy water.The Parana, South America's second-largest river behind only the Amazon…
Nord Stream 2 is Not a Threat to Gas Supply to EU - German ministry
Allowing Nord Stream 2 to pump Russian gas to Germany will not threaten supplies to the European Union, the German Economy Ministry said on Tuesday, clearing a major hurdle for the disputed pipeline.While the pipeline is ready to start operations, it still needs to be certified by Germany's Federal Network Agency and the ministry's supply analysis is a key requirement for the regulator to continue that process."In its analysis…
Liza Unity FPSO Reaches Guyana
Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said.The production storage and offloading (FPSO) facility is expected to add 220,000 barrels per day (bpd) of oil capacity to Guyana's current 120,000-bpd output when it reaches maximum capacity. Its startup is expected for early 2022.Exxon's first FPSO…
FarSounder, Navtor Partner
FarSounder and Navtor announces a new partnership, with FarSounder now including support for NAVTOR official ENC chart data in itsbase software package.Navtor is centered on creating e-Navigation tools that are safe, simple and efficient. Similarly, FarSounder’s Argos 3D Forward Looking Sonar is designed to provide safe navigation by detecting many ocean obstacles via an easy-to-understand user interface.
Shipbuilding: DSME Delivers another LNG Carrier to Nakilat
Nakilat has taken delivery of a newbuild LNG carrier dubbed Global Sea Spirit, a ship to be commercially and technically managed in-house by Nakilat Shipping Qatar Limited (NSQL). Built by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea, this is the third of four LNG newbuild carriers to be delivered to Global Shipping Co. Ltd., a joint venture between Nakilat (60%) and Maran Ventures Inc. (40%).
Wärtsilä Forecasts Q4 Surge in Demand, Shares Jump
Finnish engineering group Wärtsilä forecast a surge in demand for its products in the final three months of the year, sending its shares sharply higher, as its CEO said prospects were strongest for its marine business.The ship technology and power-plant maker struggled with slumping orders, especially from the marine sector, in 2020 after curbs linked to COVID-19 restrictions caused Royal Caribbean…
Vard Electro Batteries for Siem Offshore's Subsea Construction Vessel
Vard Electro will deliver its largest battery package to date as part of a vessel retrofit deal with the Norwegian offshore vessel owner Siem Offshore.The contract covers Vard Electro’s SeaQ Energy Storage System (ESS) with two battery packs and a DC link, which will be installed in the first quarter of 2022 on one of Siem Offshore’s subsea construction vessels lined up for work in the wind sector.The…
NYK and Partners to Develop Ammonia-fueled Vessels
Japan's Nippon Yusen KK (NYK) and its partners said on Tuesday they will conduct a demonstration project to develop commercial vessels equipped with ammonia-fueled engines to help reduce carbon dioxide emissions to tackle climate change.The shipping industry is examining a range of technologies as it looks to meet a target set by the UN's International Maritime Organization (IMO) of reducing overall greenhouse gas emissions from ships from 2008 levels by 50% by 2050.Ammonia is used in making fer
Baltic Dry Index Extends Losses
The Baltic Exchange's dry bulk sea freight index fell for a fourth straight session Tuesday, weighed down by weak demand across all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell by 201 points, or 4.7%, to 4,056, its lowest since Sept. 10.The capesize index fell 478 points, or 8.3%, to 5,304, its lowest since Sept.
Tekorius to Succeed Furman as Greenbrier CEO
The Greenbrier Companies, Inc., supplier of equipment and services to global freight transportation markets, announced on Tuesday that its Board of Directors appointed President and Chief Operating Officer (COO), Lorie Tekorius, as the company's next CEO and President, effective March 1, 2022. On the same date, Greenbrier's co-founder, Chairman and CEO William A. Furman will assume the newly created role of Executive Chair until his retirement in September 2022.
International Seaways Refinances Six Tankers
New York-headquartered tanker shipping company International Seaways, Inc. on Tuesday announced it has signed agreements with Ocean Yield ASA (“Ocean Yield”) for…
Shed the Satellite: Quantum Sensors hold Promise for Future GPS-Free Navigation
Don’t let the titanium metal walls or the sapphire windows fool you. It’s what’s on the inside of this small, curious device that could someday kick off a new era of navigation.For more than a year, the avocado-sized vacuum chamber has contained a cloud of atoms at the right conditions for precise navigational measurements. It is the first device that is small, energy-efficient and reliable enough…
Russian Navy Destroyer Fends Off Pirate Attack on Container Ship
A Russian Navy destroyer has fended off a pirate attack on a container ship near the western coast of Africa, Russia's Defence Ministry said on Tuesday.Destroyer Vice Admiral Kulakov received a distress signal from Panama-registered container ship Lucia en route from Togo to Cameroon on Monday, the ministry said in a statement, and dispatched a unit of marines on a helicopter to it.The pirates immediately fled…
India Receives First LNG Cargo from Yamal LNG Project
India received its first import of liquefied natural gas (LNG) from Russia's Yamal LNG project over the weekend, Refinitive Eikon LNG flows data showed.The cargo was supplied by Russian gas company Gazprom under its long-term LNG sales deal with GAIL (India) Ltd, an industry source said.The cargo on board the Marshal Vasilevsky sailed through the Northern Sea Route, Pacific Ocean, and Indian Ocean before arriving at GAIL's Dabhol terminal over the weekend…
France’s First LNG Bunker Vessel Named
The first LNG bunker vessel to be based in France has been named “Gas Vitality”, at a ceremony held today at Hudong-Zhonghua Shipbuilding, China. The 18,600-m³ newbuild bunker vessel is TotalEnergies Marine Fuels’ second collaboration with shipowner Mitsui O.S.K. Lines, Ltd (MOL) and shipbuilder, Hudong-Zhonghua Shipbuilding following the signing of a long-term charter contract in November 2019. Classed by Bureau Veritas and operated by V.Ships France under the French flag…
Second Converted Self-unloader Delivered to CSL Americas
Canadian shipping company the CSL Group said it has taken delivery of CSL Kajika, the second of two converted 77,250 DWT gravity fed self-unloading ships at COSCO Nantong shipyard, on October 22, 2021.The vessel will operate in the CSL Americas fleet as part of the CSL International Pool, where it will join sister-ship CSL Koasek, which was delivered on August 30, 2021, and is trading on the North…
Weather Hampering Efforts to Board Fire-stricken Containership off Canada
Bad weather off Canada's Pacific Coast on Monday prevented a salvage crew from boarding a cargo ship where several containers of chemicals burned over the weekend, the coast guard said.Sixteen crew members were evacuated from the MV Zim Kingston on Saturday. Five remained onboard to fight the fire, which was largely under control by late Sunday.The company has appointed a salvage crew "but due to the current weather…
FPSOs: Floating Ideas
The world’s FPSO fleet is getting older, with 55 FPSO units in the global fleet reaching the end of their design life in the next five years, with an additional five having life extension in place. With 19 more FPSOs currently being evaluated for life extension, safety issues and structural integrity concerns come to the fore? Matt Tremblay, ABS Vice President, Global Offshore, explains the challenges for FPSO operators…
MN100: The Hornblower Group
The Hornblower Group is currently in a period of major expansion, now with operations in 111 countries. Hornblower operates a fleet of about 200 vessels in three of those countries, through brands such as NYC Ferry, American Queen Steamboat Company, Alcatraz City Cruises and others. Its vessel operations range from overnight cruise ships, traditional small passenger vessels, high-speed ferries, water taxis…
Ship Breaking: Prices are on the Rise Again
In its weekly report on ship recycling, GMS reports that after the brief lull, levels have spiked in the sub-continent once again last week, pushing above $600/LDT on most available units once again.According to GMS, the current diet consists primarily of tankers and offshore vessels, such has been the strength of the dry bulk and container sectors for much of this year.The volume of tonnage seems to be increasing toward year's end…
