Maritime Industry Top News
Latest ShadowCat Wayfinder Delivered
The second vessel in the ShadowCat range, Wayfinder, has been delivered, naval architect Incat Crowther and yacht services fir YCTS Ltd announced. Wayfinder builds on the capability of Hodor, delivered in 2019.Wayfinder has a 68-meter length, 14-meter beam and a draft of 2.4 meters which permits close coastline navigation. Features include a fully certified helipad and helicopter hangar, with accommodation and storage over four decks.
Equinor Contracts Seadrill Drillship West Saturn
Offshore drilling contractor Seadrill said it has secured a four-year firm contract with four one year options for the West Saturn drillship with Equinor Brasil Energia Ltda for work on the Bacalhau field in Brazil.Total value for the firm portion of the contract, including mobilization, upgrades and integrated services, is expected to be approximately $380 million, with a performance bonus providing meaningful incremental opportunity, Seadrill said.
ABS Publishes Guide on 3D Printing
Classification society ABS has published guidance on the application of additive manufacturing (AM) in the marine and offshore industries.The ABS Guide for Additive Manufacturing focuses on two main categories of metal AM processes: Powder Bed Fusion and Directed Energy Deposition. The Guide defines the ABS approval and certification process for AM facilities and AM parts by providing standards for AM design, feedstock material, building processes, inspection and testing.
Bahri CEO Says None of Its Vessels Attacked off Saudi Arabia
The chief executive of Saudi Arabia's Bahri said none of the firm's vessels have come under attack after a maritime security group cited unconfirmed reports of an assault off the Saudi Red Sea port of Yanbu."None of our vessels have been attacked," Abdullah Aldubaikhi, CEO of National Shipping Company of Saudi Arabia (Bahri), told Reuters by telephone.He said no vessel had been involved in any incident.Dryad Global said earlier it is receiving "unconfirmed reports" that a vessel, possibly the NC
Retlif Earns Certification for Increased Cybersecurity Protection in Maritime Product Testing
Retlif Testing Laboratories (Ronkonkoma, NY) achieved a milestone through the deployment of an effective cybersecurity plan that is in compliance with NIST 800-171 and Levels 1, 2 and 3 of the Department of Defense Cybersecurity Maturity Model Certification (CMMC).Overseen and coordinated by Team Logic IT (South Setauket, NY), completion of the 12-month NIST cyber security compliance project means that Retlif’s Ronkonkoma New York…
Baltic Dry Index Rises on Capesize Push
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, gained on Tuesday as capesize rates touched their highest level in over a year.The Baltic dry
Panama Canal to Become Carbon Neutral by 2030
The Panama Canal has set out to decarbonize its operations, with a target to become carbon neutral by 2030.“We at the Panama Canal are committed to sustainability, and therefore are laying the foundation, creating the tools and identifying the changes needed to achieve efficiencies that will allow us as an organization to reach carbon neutrality. This is a fundamental strategy for the waterway's long-term operation and sustainability,” said Panama Canal Administrator Ricaurte Vásquez Morales.
Latsco Inks LNG Carrier Maintenance Deal with Wärtsilä
Greece-based Latsco LNG Marine Management has signed a five-year maintenance agreement with Wärtsilä covering the main engines for two large liquefied natural gas (LNG) carriers, the Hellas Diana and the Hellas Athina.The deal signed in March 2021 covers two new vessels built at the Hyundai Heavy Industries (HHI) yard in South Korea. They are 297 meters in length and have a cargo capacity of 174,000 cubic meters.
BIMCO Number of the Week: Brazil’s Iron Ore Exports up 14.4%
In the early hours of 22 April 2021, Vale - the Brazilian mining giant, was ordered to temporary suspend shipping activities at the country’s Guaiba Island terminal, a dedicated iron ore export terminal. Later that day, the hurdle was cleared, and activities could resume. Should the market worry when Brazil’s iron ore exports are disrupted? Now, that all depends on the terminal.Ilha Guaiba, accounts for 7% of seaborne Brazilian iron ore exports.
Oil Spills Outside China's Qingdao Port after Ship Collision
A tanker carrying around one million barrels of oil products was involved in a collision near the Chinese port city of Qingdao, spilling oil into the Yellow Sea, China's Shandong Maritime Safety Administration and tanker representatives said on Tuesday.The collision involving anchored Liberia-flagged tanker A Symphony and the Sea Justice took place at 0850 local time (0050 GMT), A Symphony's manager…
Conrad Lays Keel for Great Lakes' New Hopper Dredge
Conrad Shipyard hosted a keel laying ceremony for a new 6,500 cubic yard trailing suction hopper dredge it is building for Great Lakes Dredge & Dock Company (GLDD). Delivery is scheduled before the end of the first quarter of 2023.The dredge will feature two 800mm suction pipes and will be able to dredge at depths of up to 100 feet. The vessel has principal dimensions of approximately 346 feet in length, 69 feet in breadth and 23 feet in depth, and total installed horsepower of 16,500.
EU Blames China for Endangering Peace in South China Sea
The European Union called out China on Saturday for endangering peace in the South China Sea and urged all parties to abide by a 2016 tribunal ruling which rejected most of China’s claim to sovereignty in the sea, but which Beijing has rejected.The EU last week released a new policy aimed at stepping up its influence in the Indo-Pacific region to counter China’s rising power.The Philippines on Friday…
Bollinger Delivers USCGC Glen Harris
Louisiana shipbuilder Bollinger Shipyards said it has delivered the USCGC Glen Harris to the U.S. Coast Guard in Key West, Fla. The vessel is the 167th Bollinger has delivered to the U.S. Coast Guard over a 35-year period and the 44th Fast Response Cutter (FRC) delivered under the current program.The USCGC Glen Harris is the third of six FRCs to be home-ported in Manama, Bahrain, which will replace the aging 110’ Island Class Patrol Boats…
MARAD Awards $20 Million in Shipyard Grants
The U.S. Department of Transportation’s Maritime Administration (MARAD) on Monday awarded $19.6 million in grants aiming to help 31 shipyards modernize, increase productivity, and expand local employment opportunities while competing in the global marketplace.The grants were awarded to shipbuilding and repair yards in 15 states throughout the U.S. as part of MARAD's Small Shipyard Grant Program. Since 2008…
Oil Tanker Hit By Suspected Drone Attack Off Syria
Syria's oil ministry said firefighters on Saturday put out a fire on an oil tanker off the Baniyas refinery after a suspected attack by a drone coming from the direction…
Britain's New Aircraft Carrier Queen Elizabeth to Embark on Maiden Deployment
Britain’s HMS Queen Elizabeth aircraft carrier will lead a flotilla of Royal Navy ships through Asian waters on port visits to Japan and South Korea on its maiden deployment, the British embassy in Tokyo said on Monday.The high-profile visits, aimed at bolstering security ties in East Asia, come amid tensions in the region as concern grows in Japan over any threat posed to neighboring Taiwan by China.Japanese Prime Minister Yoshihide Suga and U.S.
Industry Urges Government to End Montreal Dockworkers Strike
Dockworkers at Canada's second largest port on Monday began their second strike in less than a year, as business leaders urged Ottawa to quickly end a walkout they said could cost the economy C$25 million ($20 million) a day.The federal Liberal government said on Sunday it would introduce special legislation to end the strike at the Port of Montreal, hoping to stop it from hurting the economic recovery from the COVID-19 pandemic.Unionized workers…
Novatek Plans to Use LNG-fueled Bunkering Vessels
Novatek, Russia's largest producer of liquefied natural gas (LNG), plans to use LNG-fueled bunkering vessels at is hubs to comply with stricter environmental regulations, the company said on Monday.Novatek is building LNG transhipment hubs in Murmansk, in North Western Russia, as well as in the Pacific peninsula of Kamchatka.Bunkering vessels are usually fueled by fuel oil-based blends.
Methods for Decreasing Future Fuel Uncertainty
The marine fuel market is undergoing significant change. Following the implementation and impact of IMO 2020, we’re now seeing the focus shift to low and zero carbon fuels, and an expansion of other marine fuel options, predominantly driven by the International Maritime Organization’s (IMO) impending 2030 and 2050 decarbonization targets. With heavy fuel oil (HFO) the dominant fuel type in the maritime sector since the 1960s…
Baltic Dry Index Reaches Over 10-year High
The Baltic Exchange's main sea freight index on Monday drifted up to its highest since September 2010, as an uptick in rates for the larger capesize segment offset a drop in panamax vessel demand.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, edged up 20 points, or 0.7%, to 2,808, a high since September 2010.The capesize index was up 70 points, or 1.7%, to 4,262, a peak since July 3, 2020.Average daily earnings for capesizes, wh
