Maritime Industry Top News
Ship Recycle Prices Settle - GMS
Prices have settled into a new reality this week as end buyers get back to buying at levels just shy of the historical peaks seen this year, closer to (and in some cases, just over) $600/LT LDT from the market leaders, on high-spec units.It has been a phenomenal year for the sub-continent ship recycling markets thus far, which has seen prices more than double in the space of the last 12 months, especially as supply gets tight.
Hurricane Ida's Fury Cuts Deep into U.S. Oil Output, Gasoline Supplies
Hurricane Ida pummeled U.S. Gulf Coast energy suppliers, knocking out most of the region's offshore wells and nearly half its motor fuel production and drove prices broadly higher.The storm crashed on Sunday into the Louisiana coast, tearing through U.S. offshore oil and gas fields with 150 mile per hour (241 kph) winds and pushing up to 12 feet (3.7 meters) of water ashore. More than 620,000 homes…
Ferry Runs Aground Off Ibiza. One 10-year-old Boy Seriously Injured
A ferry ran aground off the Spanish island of Ibiza on Saturday night, an incident the emergency services told local media had left 25 people injured, two seriously, including a 10-year-old boy.The San Gwann ferry, operated by German shipping company FRS, runs between Ibiza and Formentera, the smallest of Spain's Balearic islands.It was leaving Ibiza's port at 9.30 p.m. on Saturday night when it ran aground on the islet of Es Malvins…
Hurricane Ida Makes Landfall Near Port Fourchon, Louisiana
Hurricane Ida made landfall in Louisiana on Sunday as an extremely dangerous Category 4 storm, forcing those who did not flee to brace themselves for the toughest test yet of the billions of dollars spent on levee upgrades following Hurricane Katrina 16 years ago.Ida came ashore near Port Fourchon, Louisiana, at 11:55 a.m. CDT (16:55 GMT), the National Hurricane Center (NHC) said. Hurricane-strength winds extended 50 miles (80 km) out from Ida's eye…
Hurricane Ida Shuts 96% of U.S. Gulf of Mexico Crude Output
Energy firms on Sunday had suspended 1.74 million barrels per day of oil production in the U.S. Gulf of Mexico, according to the Bureau of Safety and Environmental Enforcement (BSEE), as Hurricane Ida slammed into the Louisiana coast as a Category 4 storm.Ida made landfall on Sunday near Port Fourchon, the land base for the Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal…
Bangladesh Ferry Accident Kills at Least 19, Many Missing
At least 19 people were killed and dozens were missing after a boat packed with passengers slammed into a vessel transporting sand on Friday in the latest waterways tragedy to hit Bangladesh."We have so far recovered 19 bodies," said Anisur Rahman, chief police official in the eastern district of Brahmanbaria, where the accident occurred.The dead include nine women and two children, he said, adding: "The rescue operation for those missing is ongoing."Police officials said they did not know the e
ClassNK Guide Outlines Quality Control for Shipboard Data
Classification society ClassNK released its “Data Quality Guidelines”. For facilitating processes of collecting and utilizing shipboard data among various stakeholders, the guidelines outline points to note for ensuring high data quality in accordance with the related international standards.As digitalization in the maritime industry is advancing, achieving data quality is a key element. The guidelines…
Paraguay Grains Ships Cut Loads, Face Delays as River Levels Drop
Grains ships and vessels transporting other products on the Paraguay River are loading at around half capacity due to a historic drought that has hit river levels in the South American region, hurting trade of key agricultural commodities.Industry insiders said that many cargo holds on ships were being left empty, travel times were being delayed and farmers in the world's fourth-largest exporter of…
Techcross Reports 'Surging' BWMS Orders
South Korean ballast water management systems (BWMS) manufacturer Techcross said orders for its systems are "soaring" in line with the improvements in the global shipbuilding market. The company said it sees business picking up in China, Japan and especially Korea, with good performance in high value-added vessels such as very large cruse carriers (VLCC) and liquefied natural gas (LNG) carriers.Techcross reported orders at all of South Korea's domestic "Big 3" shipyards Korea…
First US-built Offshore Wind Substation to be Constructed in Texas
Offshore wind developer Ørsted and its partner Eversource have selected Kiewit to construct an offshore wind substation, which will be deployed at their South Fork Wind project serving New York’s Long Island. This will be the first US-built offshore wind substation.Offshore wind substations are critical components of utility-scale offshore wind farms. Substations collect the power produced by wind turbines and connect the clean energy to the grid.
Fujairah Oil Terminal Invests in VLCC project. Expects Surge in Oil Trade
The Fujairah Oil Terminal is investing an estimated $45 million to upgrade the infrastructure at its storage facilities, betting on a surge in crude trading and storage demand at the United Arab Emirates oil hub, the company's chairman told Reuters.FOT's expansion, financed by a new $280 million debt facility, will connect its terminal to the Port of Fujairah's very large crude carrier (VLCC) loading facility and the Abu Dhabi Crude Oil Pipeline (ADCOP) pipeline…
Oil Firms Race to Complete Gulf of Mexico Evacuations as Major Storm Approaches
U.S. oil and gas companies on Friday raced to complete evacuations from offshore Gulf of Mexico platforms as Tropical Storm Ida advanced towards oilfields that provide 17% of the nation's oil production.The storm early Friday was about 50 miles northwest of Grand Cayman Island moving north at 15 miles (24 km) and expected to intensify and become near a major hurricane when it hits the central U.S. Gulf Coast this weekend, according to the National Hurricane Center (NHC).
Cambodia's Oil Export Ambitions Sink with "Stolen" Tanker Standoff
When Cambodian officials commemorated the start of the country's first oil project in June by preserving the first drops of production at a high-profile ceremony, they heralded the country's emergence as a budding oil exporter at the heart of Asia.But instead of reaping royalties, Cambodia's government has filed a theft complaint against the crew of the tanker that stored the crude, after they sailed…
Near-term Outlook for Deepwater Floating Production Systems is Excellent
Near-term prospects for the deepwater sector are excellent. That’s the conclusion of an in-depth market analysis of the floating production market just completed by IMA/WER in the August 2021 Floating Production Systems Report.Asked what is driving the positive sentiment, WER’s Chairman Jim McCaul explains that, “Oil demand growth is expected to continue at a strong pace, OPEC+ appears to be able to successfully keep oil supply under control…
Austal Partners with Computing Services Company DUG
Shipbuilder Austal Australia said it has engaged Perth-based high-performance computing as a service (HPCaaS) company DUG Technology group to provide burst compute and storage services to the Henderson, Western Australia shipyard.HPCaaS (HPC) provider DUG plans to build the world’s first climate-positive HPC data center in Geraldton, Western Australia; powered by renewables and featuring the company’s patented immersion cooling system that reduces power consumption by up to 51%…
Wasaline's New RoPax Vessel Christened
Wasaline's new car and passenger ferry Aurora Botnia, built at Rauma shipyard, was christened on Wednesday in Vaasa, Finland. The vessel will operate the route between Vaasa and Umeå, Sweden, daily.Aurora Botnia construction started with ceremonies in September 2019. The next major milestone was reached in February 2020 when the ship’s keel was laid. In September 2020, launching was celebrated one year after construction began, and in June 2021 the vessel first reached the sea.
Veth Propulsion Now Available Throughout North America
Veth Propulsion’s portfolio of products, including azimuth rudder propellers, thrusters and marine electronics, will now be fully available across North America, parent company Twin Disc announced. The equipment will be offered through Twin Disc’s Authorized Sales and Service Providers.“Increasing the availability of Veth Propulsion’s products in North America strategically expands our market opportunity within the marine industry…
MHO's New CTVs Have Zero-emissions Capability
A pair of hybrid crew transfer vessels (CTV) with extensive zero-emission capability have been delivered to service the Hornsea Project 2 offshore wind farm in the U.K. North Sea for Ørsted.The newbuilds, MHO Asgard and MHO Apollo, built by AFAI Southern Shipyard in China, are the third and fourth Incat Crowther-designed vessels for MHO & Co, following on from MHO Esbjerg and MHO Gurli.MHO Asgard and…
Boatbuilders SAFE Boats, Diverse Marine Target US Offshore Wind
Boatbuilders SAFE Boats International and Diverse Marine are teaming up to build vessels for the burgeoning U.S. offshore wind market.For the past three years U.S.-based SAFE Boats has been working with U.K.-based Diverse Marine promoting SAFE Boat designs in European markets, and now the companies have entered a formal partnership agreement to brings Diverse Marine’s crew transfer vessel (CTV) designs and experience to the U.S.
Carnival's Diamond Princess Cruise Ship Delays Return to Sailing to Spring
The Diamond Princess cruise ship, which became one of the earliest hotbeds for coronavirus infections when the pandemic broke out last year, will delay its return to sailing to spring of 2022, vessel operator Princess Cruises said on Wednesday.Carnival Corp-owned Princess Cruises said it had canceled the ship's planned fall cruise in South America that was meant to mark its return to service. It also…
