Maritime Industry Top News
China's Ban on Australian Coal Forces Trade Flows to Realign
China's effective ban on imports of Australian coal is forcing a realignment of flows between the world's two biggest importers and two largest exporters.Indonesia and Australia dominate the global seaborne coal trade, with the Southeast Asian nation tops in thermal coal, used mainly in power plants, while Australia is the biggest shipper of coking coal, used to make steel, and the number two in thermal coal.China is the world's biggest coal importer…
Norway Eyes Sea Change in Deep Dive for Metals Instead of Oil
Norway's oil and gas reserves have made it one of the world's wealthiest countries but its dreams for deep-sea discovery now center on something different.This time, Oslo is looking for a leading role in mining copper, zinc, and other metals found on the seabed and in hot demand in green technologies.Norway could license companies for deep-sea mining as early as 2023, its oil and energy ministry told Reuters…
With "Sustainability at the Heart", Hempel Aims to Double Revenue by 2025
Hempel announced an ambitious strategy to double its revenue by 2025, with a strong focus on innovation and digitalization.Hempel has faced its fair number of challenges over its 105 year history, with COVID-19 and the year 2020 presenting historic challenges in the global supply of coatings. Hempel is taking the opportunity to devise and enact a new strategy on how to focus the company over the next five years…
UK to Use Satellites to Track Ship Emissions
An initiative aiming to help track and reduce shipping's carbon emissions is among five projects recently awarded U.K. government funding through the country's Space Agency.The University of Leicester will use satellite analytics to track the greenhouse gas and pollution emissions of shipping fleets, ushering in a new approach that could help shipping companies to face down climate change.The university…
Shell Wins Marine Lubricants Deal with Carnival
Shell Marine said it has been awarded a multi-year contract to provide marine lubricants to cruise line operator Carnival Corporation’s global fleet of 89 ships. Carnival will offset the carbon dioxide emissions from the marine lubricants it purchases from Shell, through Shell’s nature-based carbon credits.Joris van Brussel, General Manager, Shell Marine, said, “Shell Marine is working with our customers to help the shipping sector decarbonize.
US Ramps Up Fight Against Illegal Fishing
NOAA has entered into a memorandum of understanding with the U.S. Agency for International Development (USAID) to combat illegal, unreported and unregulated (IUU) fishing across borders and promote sustainable fisheries abroad, as the U.S. ramps up its fight against practices that threaten global food security, damage economies and risk the sustainability of fisheries and marine ecosystems.This partnership builds on NOAA's larger work with the U.S. State Department and U.S.
Raytheon Anschütz Debuts 'Plug and Play' ECDIS
Raytheon Anschütz launched a new ECDIS in January 2021, the ECDIS NX Compact, which is a preconfigured system of a 24-inch panel-pc and the ECDIS NX software that is designed to make installation and operation easier and safer. Optimized for ECDIS retrofits, the panel-pc is equipped with interfaces for Ethernet and IEC 61161-1 (NMEA). With a software installation wizard and selectable standard configurations for newbuilding and retrofit installations…
Two Autonomous Electric RoRo Vessels Driven by SCHOTTEL
German propulsion systems manufacturer SCHOTTEL said it has been awarded a contract to deliver SCHOTTEL EcoPellers and PumpJets for two new autonomous RoRo ships. They will be operated by ASKO Maritime AS, Norway’s largest grocery wholesaler, and built at Cochin Shipyard (CSL) in India. Both vessels will have full battery-electric propulsion and are designed for transporting trailers across Oslo Fjord between two of ASKO’s distribution centers.Kai Just Olsen…
Stronger Rates Lift Baltic Index to Three-month Peak
The Baltic Exchange's main sea freight index rose to its highest since October last year as capesize rates continued to firm.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 88 points, or 5%, to 1,849, its highest since Oct. 9, 2020.The capesize index rose 231 points, or about 7.8%, to 3,186, a three-month high.The index has registered strong gains for the past three sessions…
Louis Dreyfus Armateurs, Tidal Transit in Another French Offshore Wind Farm Vessel Deal
Louis Dreyfus Armateurs and Tidal Transit have signed a contract for another Crew Transfer Vessel for the Saint-Nazaire offshore wind farm, offshore France. The wind farm site is owned by Eolien Maritime France SAS.The order follows a similar order signed in December 2020, when GE ordered two such vessels from Louis Dreyfus Armateurs and Tidal Transit. As the first two crew transfer vessels, this third vessel will be designed by naval architect Mauric and built by French shipyard Ocea.
SMM's Offshore Dialogue: The Value Of Wind And Water
At the SMM Hamburg's Offshore Dialogue online conference on February 2, international experts will discuss current trends in the offshore wind farms segment, technical challenges facing tidal and wave energy conversion, and innovative ocean monitoring technologies."About 70% of our planet is covered by water. The Earth's oceans play a key role in shaping the global climate. The more important it is…
China Energy Terminals on Alert as Sea Ice Slows Ships
Chinese ports and marine safety authorities are on high alert as an expansion of sea ice makes it tougher for ships to berth and discharge at key energy product import terminals along the coast of nor
Nor-Shipping Postponed to January 2022
Nor-Shipping has postponed its planned exhibition and activity program for June 2021, pushing the event back to January 10-13, 2022, organizers announced. The maritime trade fair is the latest in a string of international shipping events to be postponed or canceled due to the COVID-19 pandemic.Nor-Shipping 2019 was the most successful event week in the initiative’s over 50 year history. It saw more than 50…
Lloyd’s Register Names Members of Its Decarbonization Panel
Classification society Lloyd’s Register (LR) announced the industry experts who have joined the advisory panel of its Maritime Decarbonization Hub, a dedicated center of excellence launched in October that aims to accelerate the safe, sustainable and cost-effective decarbonization of world shipping in support of delivering greenhouse gas reduction targets.The panel is made up of representatives from across the industry and includes Ole Graa Jakobsen…
Damen Completes Work on German Diving Bell Ship
Damen completes work on German Federal Waterways and Shipping Administration (WSV) diving bell shipDamen Shipyards Group has completed construction and outfitting of a diving bell ship for client FMSW Koblenz (Department Machinery Southwest) / operator WSA Rhine (Waterways and Shipping Office) according to schedule. Following her completion, the vessel has recently undertaken successful river trials.The…
Australia Issues Its Most Severe Vessel Ban to Date
A "poorly maintained" livestock carrier seen operating with a list and a hole in its hull has been banned from Australian ports for a period of 24 months, the country's "most severe banning to date", authorities said Friday.The Marshall-Islands-flagged Barkly Pearl was initially spotted on November 3, 2020 traveling through Australia’s northern waters with a large hole in its hull, and the Australian…
Baltic Index Extends Rally on Surging Chinese Coal Shipments
The Baltic Exchange's main sea freight index climbed about 10% to its highest level in three months on Monday as soaring coal demand from China continued to power capesize rates higher.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, jumped 155 points, or about 9.7%, to 1,761, its highest since mid-October last year.The capesize index gained 407 points, or about 16%, to 2,955, its highest since Oct.
All American Marine to Build Research Vessel for BLUETIDE
Bellingham, Wash. boatbuilder All American Marine announced it recently secured a contract to construct a research vessel for BLUETIDE Puerto Rico. The 73- by 26.7-foot aluminum catamaran will be constructed to USCG Subchapter T standards for use on both near coastal and ocean routes.The twin-engine vessel will be BLUETIDE’S first for its marine research, education, innovation and conservation work based out of Puerto Rico.
First Building Complete at HII's New Unmanned Systems Campus
Huntington Ingalls Industries (HII) said Monday it has completed the first phase of its Unmanned Systems Center of Excellence with the construction of a 22,000-square-foot facility.The first of two planned buildings on the 20-acre campus in Hampton, Va. will be used to assemble hull structures for Boeing’s Orca Extra Large Unmanned Undersea Vehicle (XLUUV) program for the U.S. Navy.“We are thrilled to reach this critical milestone with the development of our Center of Excellence campus…
SSY Publishes Shipping Outlook for 2021
After a highly volatile 2020, shipbroker Simpson Spence Young (SSY) looks at the next 12 months and highlights areas of particular interest in their 2021 Outlook Report. The report looks at various drivers of the shipping markets, including how the developing emissions regulations may affect commercial fleets and shipping investments.Contributions come from a range of senior research and broking experts and cover dry bulk…
