Maritime Industry Top News
Baltic Dry Index Hits One-month High
The Baltic exchange's main sea freight index rose for the fourth straight session on Monday to its highest in a month, supported by higher rates across vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, gained 87 points, or 3%, to a peak since May 13 at 2,944.The capesize index rose by 197 points, or 5.9%, to 3,543.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel
DNV Launches Regulatory Compliance Planner Tool
Classification society DNV says it has launched a new digital tool designed to help its customers track the requirements and deadlines of legislation for both individual vessels and entire fleets.As both the number and complexity of international shipping regulations continues to grow, navigating the timelines and requirements has become an increasing burden on ship owners and operators. DNV says its new Compliance Planner presents a full overview of the requirements facing any vessel or fleet…
Biden Administration Proposes Offshore Wind Lease Sale near NY, NJ
The Biden administration on Friday said it was seeking buyers for offshore wind energy leases in the shallow waters between Long Island and New Jersey as part of its effort to ramp up the share of offshore wind generation over the next decade.In a statement, the U.S. Department of the Interior said the proposed sale for offshore wind development on the Outer Continental shelf in the New York Bight has "the potential to unlock over 7 gigawatts of offshore wind energy…
Saga Expects to Resume Cruises from June 27
British over-50s holidays group Saga Plc said on Monday it would likely resume its cruises on June 27, encouraged by high demand for tours despite repeated lockdowns and echoing similar projections from other cruise operators.A year after several cruise ships were hit by major coronavirus outbreaks, cruise lines including Royal Caribbean Group and Carnival Corp have been pushing ahead with plans to resume cruises this summer…
No Change on Sailing Plans after New COVID-19 Cases, Cruise Lines Say
Royal Caribbean Group and Carnival Corp will push ahead with a return to cruises this summer despite two guests onboard Royal Caribbean’s Celebrity Millennium ship testing positive for COVID-19.A year after several cruise ships were host to major coronavirus outbreaks and with large numbers of Americans now vaccinated, cruise lines have been striving to get the business going.Shares in Royal Caribbean…
Petrobras Orders $2.3B FPSO from Saipem, DSME JV
Italian offshore engineering and construction firm Saipem, in a joint venture with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME), has won a contract with Brazil's Petrobras to build an FPSO for the Búzios offshore field in Brazil.The FPSO P-79 project is worth overall approximately $2.3 billion. Saipem’s portion is approximately $1.3 billion.The FPSO vessel will allow…
Spanish Rescuers Searching for Missing Toddler after 6-year-old Girl Found Dead at Sea
Spanish rescuers were searching the waters off the coast of Tenerife for a one-year-old girl on Friday after the body of a six-year-old girl, presumed to be her sister…
U.S. Joins Norway, Denmark to Develop Emission-free Ship fuels
The United States is working with Norway, Denmark and other countries to develop zero-emissions fuel options for ships as part of a push to de-carbonize the industry, officials involved said.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions.In April, U.S. climate envoy John Kerry said Washington would join an international effort to achieve zero emissions in the global shipping industry by 2050.The U.S.
Standard Drilling Agrees to Sell Standard Olympus PSV
Oslo-listed offshore vessel owner S.D. Standard Drilling Plc. has agreed to sell the Standard Olympus platform supply vessel for $7.5 million to an undisclosed buyer."The…
Nord Stream 2 to Start Work on Filling Pipeline
Russia's Nord Stream 2 gas project will start preparations on Friday to fill the first of two pipelines with natural gas within a few months, the Gazprom-led project said on Thursday.Nord Stream 2, which runs on the bed of the Baltic Sea from Russia to Germany, bypassing Ukraine, has faced criticism from the United States, which says it will increase European reliance on Russian gas."Starting from tomorrow…
LNG Primed for Strong Growth on Asian Demand
Liquefied natural gas (LNG) prices are poised for more gains as gas-hungry China guzzles cargoes to feed a rebound in economic growth while the easing of coronavirus-induced restrictions restores industrial demand in India.Higher oil and coal prices have also helped lift global gas prices with spot Asian LNG prices <LNG-AS> doubling in just three months."We believe this has been driven by a tightening…
Congestion at Container Shipping Ports in Southern China Worsens on Anti-COVID-19 Measures
Congestion at container shipping ports in southern China is worsening as authorities step up disinfection measures amid a flare-up in COVID-19 cases, causing the biggest backlog since at least 2019.More than 150 coronavirus cases have been reported in Guangdong province, a key manufacturing and exporting hub in southern China, since the latest wave of cases struck in late May, triggering local governments…
Top U.S. LNG Exporter Launches Effort to Measure Emissions
Cheniere Energy Inc, said on Thursday it would quantify carbon emissions from its suppliers and production sites and supply the information to customers.LNG buyers have begun asking suppliers for natural gas sourcing data and greenhouse gas emissions to reduce their own carbon footprints. Several LNG producers are proposing adding carbon capture and storage alongside their LNG projects.Cheniere said…
Enterprise Revisited: Titanium is the USCG Vessel Procurement Magic Bullet
In my May 2020 MREN USS Enterprise column I made a reference to the benefits of titanium as a hull structural material.It related to the life of the USCG cutter Bear and I concluded the column with a suggestion that titanium would be a particularly useful and cost-effective structural material for sail training vessels, aircraft carriers, research vessels, cruise vessels, tugs and Staten Island ferries.
Diana Shipping Bags Charter for Capesize Dry Bulk Vessel
Dry bulk shipping company Diana Shipping has secured a charter contract for its m/v Boston Capesize dry bulk vessel.The charter is with C Transport Maritime Ltd.…
Two Guests on Royal Caribbean's Cruise Ship Test Positive for Covid-19
Cruise operator Royal Caribbean said on Thursday two guests onboard its Celebrity Millennium ship have tested positive for COVID-19, but are asymptomatic and currently in isolation.The guests, who were sharing a room, are being monitored by the company’s medical team, the cruise operator said, adding that it was conducting contact tracing, expediting testing for all close contacts of the individuals.Celebrity Millennium was one of the first cruises in North America to restart sailing last week,
Fincantieri Inks Deal to Support Daewoo in Aircraft Carrier Design
Fincantieri signed a contract with Daewoo Shipbuilding & Marine Engineering (DSME) to support the Conceptual Design of the new class of aircraft carriers “CVX” for the Navy of the Republic of Korea (South Korea).The program relating to the first-in-class unit envisages the tender for the Basic Design starting from the second half of 2021, whereas the detail design and construction will begin in the following years.The signing took place between Jung Woo Sung…
Navios Announces Delivery of Three Vessels
Navios Maritime Partners L.P., an owner and operator of dry cargo vessels, has taken delivery of the following three drybulk vessels: Navios Amitie - a 2021-built…
Kongsberg Maritime to Design, Equip Awind's New Offshore Wind Vessels
Norway's Kongsberg Maritime has secured contracts with China Merchant Heavy Industries (CMHI) to design and equip two construction service operation vessels (CSOV) for Awind AS.Awind AS is a Norway-based offshore ship owner and a subsidiary of Integrated Wind Solutions AS. The combined contract value for Kongsberg Maritime is approximately NOK 250 million ($30,2 million).Destined for the offshore wind market, the new CSOVs will be built to Kongsberg Maritime’s UT 5519 DE design by CMHI.
TotalEnergies Ramps up R&D into Ammonia as Marine Fuel
TotalEnergies announced today that it is extending research into the viability of ammonia as an alternative marine fuel, entering into a Memorandum of Understanding (MoU) with 22 companies across diverse industries to initiate a joint study on ammonia as an alternative marine fuel. These industries include energy, mining, power utility, chemical, terminal, shipping, shipbuilding, manufacturing, bunkering…