Maritime Industry Top News
New Lives for Old Ships: Inside Keppel O&M’s FLNG Conversion Solution
As the focus on carbon emissions comes to the fore across all industries, Keppel O&M, which supports the circular economy concept and is a ship conversion leader, is able to help companies reduce their indirect emissions. Proof of this was delivery of the world’s first FLNG conversion solution that dramatically reduced the carbon footprint of the project as compared to new construction. There’s a second conversion project currently underway…
Bollinger to Build Electric Boat's New Floating Dry Dock
Louisiana-based Bollinger Shipyards announced Wednesday it will construct a state-of-the-art, floating dry dock for Groton, Conn. shipyard General Dynamics Electric Boat to support the construction and maintenance of the United States’ new Columbia Class of Ballistic Missile Submarines.The detail design engineering will be performed at the Bollinger facility in Lockport, La. The concept and contract design for the 618ft by 140ft dry dock was performed by the Bristol Harbor Group in Rhode Island.
First High-pressure SCR System Seals Class Approval
The first ever PBST-branded and -built cluster-3 SCR-HP system has passed its ClassNK approval test at the MAKITA works in Japan, MAKITA Corporation and MAN Energy Solutions announced.The compact SCR system is one of four – originally ordered in 2018 and 2019 – for vessels featuring MAN B&W two-stroke engines with two now delivered and the others currently en route to customers. An MAN B&W 6S46ME-B8.5 engine will power each vessel, with the SCR-HP system making each vessel Tier III-compatible.
Unmanned Piracy Detection Vessel Launched
A new unmanned surface vessel (USV) launched by U.K.-based marine and offshore services firm Star International has been designed for use by shipping operators to identify piracy threats and inform evasive actions.The Narwhal Star USV is an oceangoing rigid inflatable boat (RIB) surveillance platform that can be piloted via a remote ground control system (GCS), or used as a conventional, manually piloted vessel.
US Authorities Find Drugs on Cargo Ship in Miami
Law enforcement teams interdicted about 33 pounds of cocaine on board a Togo-flagged cargo ship in Miami on Monday.U.S. Coast Guard Sector Miami and U.S. Customs and Border Protection Office of Field Operations law enforcement teams boarded the 55-meter general cargo vessel La Temperance on the Miami River due to suspected fraudulent mariner credentials. The 55-meter ship has sailed to Miami from Port-de-Paix…
New Legislation Aims to Boost Great Lakes Icebreaking Capacity
New legislation introduced by U.S. Senators Tammy Baldwin (D-Wis.), Todd Young (R-Ind.) and Gary Peters (D-Mich.) will codify the U.S. Coast Guard’s icebreaking mission on the Great Lakes and increase the icebreaking capacity of the Great Lakes fleet.The Great Lakes Winter Commerce Act aims to increase Great lakes icebreaking capacity, which the lawmakers say will help the businesses and workers that…
Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions
Berlin offered to spend 1 billion euros ($1.2 billion) to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord Stream 2 pipeline, due to bring gas directly from Russia to Germany, Die Zeit reported on Wednesday.The weekly paper said Finance Minister Olaf Scholz made the proposal in an Aug. 7 letter before Washington imposed sanctions on companies involved in building the Baltic Sea pipeline…
East Mediterranean Dispute: Cyprus Willing to Talk with Turkey 'Without Threats'
Cyprus is ready to engage in talks with Turkey to resolve differences but only "without blackmail and threats", President Nicos Anastasiades said on Wednesday.The two countries are locked in a dispute over drilling rights in the Mediterranean, and Turkey said on Tuesday it had extended a drilling vessel's operations in disputed waters off Cyprus until Oct. 12."Nicosia has been always ready for a dialogue but for that ...
Families of Sunken Livestock Carrier Crew Plead for Search to Resume
Families of 39 Filipino crewmen who were aboard a cattle ship that sank during a typhoon are pleading for a search to continue and to expand into uninhabited islands and nearby waters…
DP World to Partner with Israeli Firm in Bid for Haifa Port
Dubai's DP World is partnering with an Israeli group to bid for one of Israel's two main ports and to examine opening a direct shipping line between the two Middle East states, it said on Wednesday.The announcement came a day after Israel and the United Arab Emirates signed an historic agreement to normalize ties, and marks a big development in trade and economic collaboration.Dubai state-owned DP World…
Petronas Exec Sees Number of LNG-fueled Ships Doubling by 2030
The number of ships fueled by liquefied natural gas (LNG) is expected to more than double by 2030, driven by the shipping industry's desire to cut emissions, a senior executive at Malaysia's Petroliam Nasional Bhd (Petronas) said on Wednesday.Currently, less than 400 out of a total of more than 80,000 registered ships, run on LNG as fuel source. This number could increase to 1,000 vessels globally by 2030…
Second Arrest Warrant Issued for GP Global's Tanker
An Indian court has issued a second arrest warrant for a marine refueling tanker owned by troubled UAE oil trader GP Global after it failed to make payments to its ship manager…
Global Demand for Marine Fuels to Fall by Up To 17%
Global demand for marine fuels is expected to fall by up to 17% due to the impact of the coronavirus pandemic on world trade, setting the stage for more consolidation among bunker suppliers, an industry executive told a conference on Wednesday.Banks scaled back on their commodities trade finance after the coronavirus crisis led to defaults by some trading houses and exposed a series of frauds, leaving small and medium-sized firms most exposed.Unni Einemo, director of the International Bunker Ind
France Gives €30 Million to Aid Ferry Companies
The French government will reimburse 30 million euros ($35.5 million) in payroll costs to French ferry companies hit by the coronavirus crisis and Brexit, Prime Minister Jean Castex told parliament.Shipping firms have suffered from lower traffic to and from Britain due to quarantine measures and uncertainty around Britain's exit from the European union."We have decided to reimburse all of Brittany Ferries' payroll costs for the 2021 financial year.
Baltic Index Gains as Capesize Vessel Rates Rise
The Baltic Exchange's main sea freight index rose for a second consecutive session on Tuesday, buoyed by stronger rates for capesize vessels.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up seven points, or 0.5%, at 1,289 points.The capesize index gained 24 points, or 1.3%, at 1,922 points, hitting its highest since Sept.
Port of Los Angeles Imports Soar
Port of Los Angeles container volumes hit an all-time high in August, as importers restocked warehouses and retailers prepared for the upcoming holiday season, but officials warned that uncontrolled spread of COVID-19 remains an economic threat."The future of the economy really depends on the future of the pandemic, and the path of the virus right now continues to be the biggest uncertainty," said Jonathan Gold…
Charting Terradepth's Big Ambitions in the Unmanned Vehicle Space
Ocean mapping at scale is the target of a new unmanned systems player started by two ex-US Navy SEALS. They have big ambitions, from new building unmanned vehicles to creating the intelligence that will drive them to changing how accessible ocean data is. Elaine Maslin learned more. The pace of change in the ocean mapping space has been fast in recent years. New entrants have come into the scene offering…
Maritime History: Columbia Lighting the World; How Classification Can Make a Difference
I don’t remember when I discovered that the first application of lightbulbs occurred at sea rather than ashore. But when I dug a little deeper into the subject recently, I came across an interesting set of coincidences that shows how innovation often relies on simply doing, rather than endlessly talking about it. After Thomas Edison managed to make sufficient improvements to the lightbulb concept to have it show commercial viability in late 1879…
Box Ship Rescues Sailors in Storm Sally
The captain and crew of a Hong Kong-flagged containership came to the rescue of a sailboat crew in distress on Sunday amid severe weather and waves during storm Sally, in the Gulf of Mexico, some 130 nautical miles west of Port Tampa Bay, Fla.The COSCO SHIPPING Lines containership COSCO Malaysia was en route from Mobile, Ala. to Port Tampa Bay when it received a distress call from the sailboat Yes Dear at 8:22 a.m.
Sovcomflot Targets at Least $500 Million in Moscow IPO
Sovcomflot plans to raise at least $500 million in an initial public offering (IPO) on the Moscow Exchange, Russia’s top shipping company said on Tuesday, in a deal that could value it at roughly $10 billion according to sources.The move by the state-controlled firm comes as Russian airline Aeroflot also plans to raise capital in a secondary public offering (SPO).For Aeroflot, the cash is needed to…
