Maritime Industry Top News
Responder Immunity: The Means to Protect the Salvor in “Bet the Company” Responses
The specter of liability beyond the limits of applicable insurance for the salvor’s liability to both its contractual partner and third parties continues to haunt…
UK Plans Summit to Address Crew Change Crisis
The U.K. government announced Thursday it will host an international summit next month to address crew change challenges caused by the COVID-19 health crisis.Led by U.K. Maritime Minister Kelly Tolhurst, the virtual event will bring together UN, political and business leaders from across the globe to reflect on the impact of the pandemic on the global shipping industry, and what governments and industry must do to protect the welfare of crew workers around the world.
Do Not Set Seafarers Up to Fail, Cautions ABS CEO Wiernicki
“Shipping’s digital revolution must have its roots in the human factor. Expecting today’s shipboard crews to adopt a digital mindset without the right skills puts them in an untenable position and risks safety for everyone.”That is the message from ABS Chairman, President and CEO, Christopher J. Wiernicki, who is marking the 10th annual United Nations Day of the Seafarer with a call to give crews the support they need to succeed in the digital era.“As a whole…
Future Propulsion & Setting the Course to Low-Carbon Shipping
The pace at which the maritime industry transitions to low- and zero-carbon fuels will have the single biggest impact on its global carbon footprint, more than predictable shifts in commodity demand, advances in ship technology and operating practices, or new designs.That is a key finding of a comprehensive new report, Setting the Course to Low-Carbon Shipping, from the American Bureau of ShippingThe…
COMPA Repairs inks Ship Repair Service Partnership Agreements
COMPA Repairs signed three partnership agreements to establish a ship repair service network which now includes Greece, Cyprus, Hungary, Latin and South America shipping markets. Signed agreements with marine companies from these markets (and combined with previous ones) is helping it to establish a service network of durable cost-efficient on-board ships’ repairs worldwide.The three new agreemens include: Oceantech Shipping & Trading Ltd.
Oil Tanker Quarantined in Antwerp After Crew Tests Positive for COVID-19
The Belgian port of Antwerp has quarantined a Maltese-flagged oil tanker until at least July 4 after more than half of its crew tested positive for COVID-19, the port authority said on Thursday.The Minerva Oceania was being held at the port's Leopold dock after 15 of its 26-person crew had returned positive tests, a port spokeswoman said in an emailed response.Two of the crew members who tested positive were in hospital but their condition was not serious, she said.
Report: Shipping, Aviation 2030 Climate Goals Too Weak
The international shipping and aviation sectors' 2030 climate targets are too weak and their emissions are on course to reach dangerous levels despite the impact of the COVID-19 pandemic, research showed on Wednesday.To limit the temperature rise to safe levels, global carbon dioxide (CO2) emissions need to be reduced to net-zero by 2050. Shipping and aviation accounted for around 5% of all emissions before the COVID-19 outbreak and are expected to contribute 40% by 2050.Climate Action Tracker…
Maersk Heads Drive to Decarbonize Shipping Sector
The world's largest container shipper, A.P. Moller-Maersk, will team up with industry majors to set up a research center in Denmark with the aim of reducing carbon emissions in the shipping industry.Denmark's Maersk, which aims to be carbon-neutral by 2050, said on Thursday the research center would combine knowledge from industry, academia and regulators towards "decarbonizing" the industry by developing carbon-neutral fuel and technologies.The shipping industry…
CSBC-DEME JV Makes FID for First Taiwan-built Offshore Installation Vessel
CDWE, a joint venture company between Taiwanese company CSBC and Belgian offshore contractor DEME has taken the Final Investment Decision (FID) for the construction of ‘Green Jade’, which is the first DP3 heavy lift and installation vessel to be built in Taiwan.The Green Jade, with its 4,000-tonne crane capacity and DP3 capability, will serve the offshore wind market, and according to the JV, will be able to transport a multitude of heaviest monopiles…
Volvo Penta Equips Stockholm's New Patrol Boat
Stockholm’s Maritime Police Section has recently taken delivery of a high-speed Marell M15 patrol boat, equipped with a fully integrated propulsion system – Volvo Penta’s latest D6 engine, DPI drive and navigation system. The new vessel was handed over on June 11 at Swedish boatbuilder Marell’s headquarters in Östhammar, some 135 kilometers north of Stockholm.Volvo Penta’s latest D6-440 DPI propulsion system is the power behind the new 15-meter fast patrol boat.
Hyundai Heavy Industries Consolidates Amid Coronavirus Slump
The world's largest shipbuilder announced plans to streamline its business amid shrunken demand and mounting market challenges stemming from the coronavirus pandemic.Facing reduced contracting activity, South Korea's Hyundai Heavy Industries announced Tuesday that it will combine its shipbuilding and offshore units in a move aimed at consolidating related businesses while also decreasing its number of executives.
Iran, Venezuela to Continue Countering US Sanctions
Iran and Venezuela will not back down from countering American sanctions, Iranian Foreign Ministry spokesman Abbas Mousavi wrote in a tweet.U.S. Secretary of State…
Moller Retires from Teekay Board
Bjorn Moller is retiring from Teekay Corporation’s Board of Directors, the shipowner announced Wednesday.Moller has more than 35 years of service with the Teekay, including 22 years as a board member and more than 20 years in senior management positions. He was Teekay’s President and Chief Executive Officer from 1998 to 2011.Moller also served as Vice Chairman of Teekay GP L.L.C., the general partner of Teekay LNG Partners L.P.…
Tanker Crewman Missing After Falling Overboard Off US East Coast
A search is underway to locate a crewmember who reportedly fell overboard from a Malta-flagged liquefied petroleum gas (LPG) carrier 400 miles off Cape Hatteras, N.C.The U.S. Coast Guard said watchstanders received a report that a man overboard had been reported aboard the 225-meter-long Hellas Gladiator.An Air Station Elizabeth City HC-130 Hercules aircraft was launched to search for the missing crewmember…
Connecting the Dots to Create Intelligent SOVs
The development of autonomous vessels is a hot topic in shipbuilding. This is certainly the case for the service operation vessels (SOV) being developed at Royal IHC (IHC). In our case, the word 'autonomous’ stands for ‘intelligent’ vessels, designed to support the crew in their operations on board.SOVs can spend many years at the same offshore wind farm to support the maintenance of the turbines. Daily tasks include visits to the turbines to provide access via the motion-compensated gangway.
Georgia Allowing Crew Changes
Georgia has become the latest nation to say it will facilitate crew changes amid the coronavirus pandemic, the country's Maritime Transport Agency said.“It’s been more than a month since Georgia has been actively cooperating with the maritime industry worldwide and is involved in the facilitation of crew change process and repatriation of Georgian seafarers. Therefore, the time has come to move to the next stage and become more efficient in the process of seafarers’ rotation…
US Sanctions Five Iranian Ship Captains for Bringing Oil to Venezuela
The United States on Wednesday imposed sanctions on five Iranian ship captains who delivered oil to Venezuela, and Secretary of State Mike Pompeo reaffirmed Washington's…
SAAM Places $42 Million in Bonds
SAAM, operator of port, towage and logistics services in the Americas, placed a total of UF 1.2 million (US$42 million) in bonds on the local market Tuesday. The funds will be used primarily to finance the company’s investment plan, it said.“The placement drew strong demand from local capital market investors. This issuance reinforces the market’s confidence in SAAM even in these times of crisis. The…
Geopolitics Dominate the Oil Tanker Market -BIMCO
Developments in the oil tanker market in the past decade dominated by geopolitics, says shipping association BIMCO.Crude oil and product tanker markets alike have faced high volatility in recent weeks and months, largely due to geopolitics and the constantly evolving situation in the global oil markets. The first major disturbance since the fall in the oil price between the fourth quarter of 2104 and first quarter of 2016 came in the fourth quarter of 2019…
Bernhard Schulte Takes Delivery of Hybrid SOV from Ulstein
Norwegian Ulstein shipyard has delivered service operation vessel (SOV) Windea Jules Verne to Bernhard Schulte Offshore.The battery hybrid vessel will work at the Merkur offshore wind farm offshore Germany, where it will be operating for GE Renewable Energy.The vessel is based on the ULSTEIN SX195 design from Ulstein Design & Solutions AS. The Windea Jules Verne measures 93.4 meters in length and 18 meters in the beam. It has accommodation for 120 people.
