Maritime Industry Top News
Ship Recycling Prices March Higher, Doubling in a Year
Far from the traditionally expected slowdown during the monsoon / summer months, sub-continent recycling markets fired on at pace once again this week, and a slowdown in the supply of tonnage of late is likely contributing to some overly aggressive offerings from hungry end buyers.Steel plate prices in Bangladesh and Pakistan continue to firm, while India has cooled off and remains tentative on any fresh/incoming vessels, especially after a bullish last few weeks.Notwithstanding, there certainly
VIDEO: 'Eye of fire' Near Offshore Platform in Mexico Extinguished
A fire on the ocean surface west of Mexico's Yucatan peninsula early on Friday has been extinguished, state oil company Pemex said, blaming a gas leak from an underwater pipeline for sparking the blaze captured in videos that went viral.Bright orange flames jumping out of water resembling molten lava was dubbed an "eye of fire" on social media due to the blaze's circular shape, as it raged a short distance from a Pemex oil platform.The fire took more than five hours to fully put out…
Tech File: K-Sim Navigation, Cargo and Engine 'in the Cloud'
K-Sim Navigation, Cargo and Engine become first cloud-based solutions to gain new DNV class D certificationKongsberg Digital (KDI) said that its K-Sim Engine, K-Sim Cargo and K-Sim Navigation simulator training solutions will be the first to attain certification according to the new DNV class D standard.The introduction of class D by the DNV represents the latest revision of DNV’s ST-0033 Maritime Simulator Systems standard…
DNV Launches New Fuel Notations
Classification society DNV said its recently released updates to its rules for ship classification include a raft of new class notations designed to enable the maritime industry to tackle the decarbonization challenge. The new updates include “Fuel Ready”, a class notation that offers shipowners the option to prepare for a later conversion to multiple different alternative fuel options, and “Gas fueled…
Thrusters for WTIV Les Alizés enroute to Chinese Shipyard
The main propulsion package for Jan De Nul’s latest heavy-lift crane vessel Les Alizés has left the German production plant in Wismar to reach the CMHI Haimen shipyard in China. The full propulsion package from Schottel consists of four rudder propellers, two retractable rudder propellers, and two transverse thrusters. The Wind Turbine Installation Vessel (WTIV) is currently under construction and…
Arora Takes Over as Managing Director of IRClass
Indian Register of Shipping (IRClass) announces a top management transition with Vijay Arora taking over as managing director effective July 1, 2021. This appointment follows the superannuation of Suresh Sinha on June 30, 2021.A qualified marine engineer with a professional experience of more than three decades, Arora has strong maritime expertise under his belt. During his long tenure at IRClass,…
Fincantieri Hits Double Milestone for Virgin Voyages
Italian shipbuilding group Fincanieri said it has delivered the new cruise ship, Valiant Lady, and launched another, Resilient Lady, for operator Virgin Voyages at its Sestri Ponente shipyard in Genoa.The newbuilds are the second and third of four ships which Virgin Voyages, part of Sir Richard Branson’s Virgin Group, ordered from Fincantieri.Valiant Lady and Resilient Lady, as well as sister ship Scarlet Lady delivered last year, weigh about 110,000 gross tons, are 278 meters long and 38 wide.
De Nora Completes Hyde Marine Acquisition
De Nora announced it has completed its acquisition of Calgon Carbon Corporation's UV Technologies Division (CCUV), including the products, brands and assets of UV ballast water management systems (BWMS) manufacturer Hyde Marine as well as municipal and industrial water treatment brands RAYOX, SENTINEL and C3 SERIES UV.The acquisition – first announced last month – creates one of the world's largest ballast water management system (BWMS) manufacturers.
Saltchuk Makes Bid for Overseas Shipholding Group
Seattle-headquartered Saltchuk Holdings informed the U.S. Securities and Exchange Commission (SEC) that it has proposed to buy the Overseas Shipholding Group (OSG) shares it doesn't already own for $3 each, lifting shares of the Tampa, Fla.-based marine transportation company on Friday.As of June 29, Saltchuk beneficially owned 15.2 million (17.5%) of OSG's outstanding shares, Saltchuk said in the SEC filing.
Dry Bulk: Panamax Rally Accelerates
Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, eked out a fourth consecutive week of gains on Friday as lower…
Yinson, PTSC Add Another Year to PTSC Lam Son FPSO Contract
Malaysian FPSO provider Yinson has secured a contract extension for the PTSC Lam Son FPSO in Vietnam with Vietnam's PTSC AP.The 243 meters long Lam Son FPSO, able to produce 15,000-20,000 barrels of oil per day (bopd), with a storage capacity of up to 650,000 barrels of oil, has been operating in Vietnam since 2014. Following the FPSO conversion by Singapore's Keppel in 2014, the vessel was deployed…
New LNG Carrier Mooring Tool Launched
A new ship mooring tool has been engineered to perform static and dynamic ship mooring analyses in a rapid, user friendly and intuitive manner.SHIPMOOR was created to make the assessment of mooring a liquefied natural gas (LNG) carrier a straightforward and user-driven process, tapping into the power of cloud based servers to undertake live mooring analysis for each ship. Launched by HR Wallingford and Witherbys…
PTL Unites Marine Legacy Companies Under One Brand
Fort Worth, Texas based Pilot Thomas Logistics’ (PTL) said it will unify its family of marine companies including Economy Boat Store, General Petroleum, Radcliff/Economy Marine Services…
Registration opens for the 2021 Maritime Risk Symposium in Houston
The University of Houston’s College of Technology will host the 12th Annual Maritime Risk Symposium (MRS 2021), in collaboration with the National Academy of Sciences, from November 2-4, 2021, at the at the University of Houston’s Student Center-South.The Maritime Risk Symposium is an annual three-day conference in which government and maritime industry leaders, port representatives, researchers, and solution providers convene to examine current and emerging threats to maritime security.
Triumph Subsea Terminates Offshore Wind Vessel Deal with Infrastrata
Triumph Subsea Services said Thursday it had formally canceled the Letter of Intent that was issued to Infrastrata in December 2020, for the construction of an offshore wind development vessel and said it didn't want to build any vessels with InfraStrata and or any of its shipyards.The two companies had signed the Letter of intent for one firm and one optional ST designed 200m x 35m Windfarm Development Vessels (WDV)…
Kooiman Delivers Hybrid Water Injection Dredger Pair to Van Oord
A pair of custom designed and built Water Injection Dredgers (WID) dubbed Maas and Mersey were built at Kooiman Marine Group and christened earlier this week at the office of Van Oord in Rotterdam.The hybrid vessels were developed by Kooiman Engineering in cooperation with Van Oord. Two electrically driven pumps deliver water under high pressure, or with a lot of volume through the U-shaped water injection pipe located at the rear of the ship.
ErtuÄźrul Gazi FSRU Delivered to Turkey's BOTAS
The Ertuğrul Gazi Floating Storage and Regasification Unit (FSRU) for was delivered recently from South Korea to Turkey's BOTAŞ Petroleum Pipeline Corporation (BOTAS), the classification society ABS has informed.Built by Hyundai Heavy Industries in accordance with the ABS Guide for Building and Classing LNG Regasification Vessels, the 295-meter-long Ertuğrul Gazi, which has a capacity for 170,000 m3 of LNG…
Dual-fuel LPG Carrier Delivered to Exmar
Belgium based shipping company Exmar has taken delivery of the newly built dual-fuel liquefied petroleum gas (LPG) carrier Flanders Innovation from Jiangnan Shipyard in China.The 88,000-cubic-meter-capacity very large gas carrier (VLGC) is the first of two ordered by Exmar and is said to be the largest dual-fuel LPG carrier in the world.The innovative vessel, capable of running on LPG fuel, is is expected…
The Crew Change Crisis is Getting Worse
The crew change crisis that has been plaguing the maritime industry for more than a year and a half is raging on and only getting worse, data from 10 of the world's top ship managers suggests.The number of seafarers onboard vessels beyond the expiry of their contract has continued rising from 7.2% to 8.8% in the last month, and the number of seafarers onboard vessels for over 11 months has risen from 0.4% to 1%…
VARD Delivers Latest Newbuild for Hapag-Lloyd Cruises
Norwegian shipbuilder VARD said it has delivered HANSEATIC spirit, the third expedition cruise vessel for German operator Hapag-Lloyd Cruises.The handover of HANSEATIC spirit completes the series of three vessels in the new Hapag-Lloyd Cruises expedition class, joining the structurally identical sister ships HANSEATIC nature and HANSEATIC inspiration, delivered by VARD in 2019.The 138 meters long and…
