Maritime Industry Top News
Russia-China Military Ops in Arctic Flash 'Concerning Signals'
The United States is watching growing cooperation between Russia and China in the Arctic closely and some of their recent military collaboration in the region sends "concerning signals", the U.S. Arctic ambassador said.Russia and China have stepped up military cooperation in the Arctic while deepening overall ties in recent years that include China supplying Moscow with dual-use goods despite Westernā¦
Fincantieri Open to Collaboration with Thyssenkrupp Marine Arm
Fincantieri is open to all types of collaboration with the warship division of conglomerate Thyssenkrupp, but it is up to Germany to decide on a strategy for the unit, the CEO of the Italian shipbuilder said this week."Now is time for German institutions to understand what the best strategy is to give more value and strengthen (Thyssenkrupp Marine Systems).
The Baltimore Bridge Incident Challenges the Future of Maritime Law
On March 26, 2024, the Dali container ship crashed into Baltimore's Francis Scott Key Bridge, resulting in the loss of six lives. In June, the federal government announced that it had spent approximately $100 million to remove the wreckage and reopen the Fort McHenry Shipping Channel, which had been closed for nearly three months.In response, the Department of Justice has filed a $100 million lawsuit against the ship's ownersā¦
DOF Group Completes Acquisition of Maersk Supply Service
Norwegian offshore supply vessel company DOF Group has concluded the acquisition of Denmark-based Maersk Supply Service, which will be renamed to DOF Denmark.The combined company is expected to become one of the leading offshore service provider with comprehensive scale and a wide range of services across all continents in the offshore energy industries.The deal will see DOF's fleet grow to 78 modern offshore/subsea vesselsā¦
SL-7 Container Ships & An Engineering Myth Busted
The Rolling Stones were wrong: Time is not on my side.Too often a myth is created and if not killed off right away, it will take on a life of its own and time will not debunk it. Many myths are created for evil or political purposes, but some myths just occur because the truth is just too complicated.Some of those myths donāt even make sense, but there is no available data to establish the truth.Asā¦
Avance Gas Delivers First of 12 VLGCs to BW LPG as Part of $1.05B Deal
Avance Gas has delivered the first very large gas carrier (VLGC) to BW LPG, marking the start of deliveries of total 12 vessels as part of $1.05 billion agreement signed earlier in 2024.Avance Gas concluded sale and delivery of the first VLGC, the 2015-built non-scrubber ship Chinook, to BW LPG on November 1, 2024.As part of the transaction, 1.35 million shares in BW LPG have been issued to Avanceā¦
Grounding: Bridge Team Didnāt Know What They Didnāt Know
New Zealandās Transport Accident Investigation Commission (TAIC) has released an interim report into the grounding of the passenger ferry Aratere in Titoki Bay, Picton, on June 21, 2024, citing lack of knowledge about the steering system.The Aratere had been in service for about 26 years, and in May 2024, KiwiRail installed a new steering control system in four of the five command consoles on the bridge.
Free Course Aims to Help Combat Illegal Wildlife Trade
A new e-learning course from the IMO covers key concepts and measures to help end illegal market worth an estimated $200 billion per year.The course has been launched to support all stakeholders in the maritime supply chain to address wildlife trafficking by ship, and it has been developed by the IMO in collaboration with the World Maritime University (WMU) and the World Wide Fund for Nature (WWF).Through animated e-lessonsā¦
Austal USA Buys WarpSPEE3D Printer
Austal USA Advanced Technologies (Austal USA AT) has purchased a WarpSPEE3D printer and is currently spearheading an effort to revolutionize the US Navy's supply chain by implementing additive manufacturing.Austal USA AT oversees and operates the Navy's Additive Manufacturing Center of Excellence in Danville, VA ā the US Navy's flagship center for additive manufacturing supporting the construction and sustainment of the fleet.
Finland Coast Guard Detects SatNav Jamming, Spoofing in the Baltic Sea
Finland's Coast Guard said it has detected constant disturbances to satellite navigation signals in the Baltic Sea since April and in recent weeks has seen tankers spoofing their location data to cover up visits to Russia.Last week, Finland's interior minister Lulu Ranne said Finland believes Russia is behind disturbances detected in Finland and the Baltic Sea region in the Global Navigation Satelliteā¦
Shipping Magnate in Legal Scrum Over Match Fixing Accusations
Evangelos Marinakis, a Greek shipping magnate and owner of English Premier League soccer club Nottingham Forest, was on Thursday accused of trying to fix a Greek soccer match, in a London libel lawsuit he is bringing over an alleged smear campaign in Britain. Marinakis launched the libel case against Irini Karipidis, chair of Greek Super League club Aris Thessaloniki, and others at London's High Courtā¦
Vietnam urges Release of Fishermen Detained by China
Vietnam has protested against China's alleged detention of Vietnamese fishermen and fishing vessels in the contested Paracel Islands in the South China Sea, a foreign ministry spokesperson said on Thursday.Vietnam urged China to "immediately release the fishermen and fishing vessels that were illegally detained", the spokesperson told reporters in a regular press conference, without specifying how many people had been detained or when they had been detained.There was no immediate response from t
Wilson Sons Vessel Trio to be Built in Brazil in '25
Wilson Sons will start building in 2025 a new range of three powerful tugboats with sustainable technology at its shipyard in Guarujá, São Paulo. It plans on renewing and modernizing its fleet of more than 80 tugboats, which operate along the Brazilian coast.The three vessels are ASD 2312 (23 x 12m) tugs with azimuth propulsion and 70 tons of bollard pull, and are capable of supporting 366-m superā¦
Blaze Suppressed at Nuclear Submarine Shipyard
Emergency services suppressed a huge blaze that broke out in the early hours at a BAE Systems shipyard yesterday in north west England that builds Britain's nuclear submarines.Earlier in the day pictures online showed what looked like flames and black smoke emerging from the top of the vast Devonshire Dock Hall building. Police said there was no nuclear risk.BAE Systems, Britain's biggest defence companyā¦
HII Cuts 2024 Revenue Outlook, Citing Navy Deal, Labor
Huntington Ingalls Industries on Thursday cut its 2024 shipbuilding revenue due to uncertainty in navy agreements, supply chain issues and labor shortages, sending its shares down roughly 7% premarket.The company forecasts shipbuilding revenue, which is the focus of two of its three divisions, will likely be near the lower end of its previously projected range of $8.8 billion to $9.1 billion.Huntington had expected to reach an agreement with the U.S.
Did You Know? Medium and Low Cyber Security Alerts Mark Rise
During the first half of this year, the number of cyber security high alerts remained stable compared to those handled in 2023, according to Marlinkās Security Operations Center (SOC) cyber security threats report.However, medium and low alerts saw a significant rise, increasing from 100,000 in January to 270,000 in April, compared to an average of 75,000 in 2023.This surge was mitigated in May andā¦
GTT Pens Technical Services Deal for Eight Maran Tankersā New Suezmax Vessels
GTT has signed technical services contract with Maran Tankers, the oil tanker shipping arm of the Angelicoussis Group, for their upcoming eight LNG dual-fuel Suezmax vessels.The vessels have been ordered in 2023 at New Times Shipyard in China.Although the future Suezmax vessels will not be equipped with GTT systems, Maran Tankers has chosen to collaborate with GTT due to its experience for ensuringā¦
European Space Agency Forms Industry Partnership for Ship-Port Decarbonization Project
The European Space Agency (ESA) has launched a new project DECARDIS, in partnership with Awake.AI, ABB and Wallenius Marine, to collaborate on a port call optimization solution, which focuses on helping ships cut greenhouse gas emissions by overcoming inefficiencies in the ship-port interaction.Under DECARDIS, short for Decarbonization through the Digitalization in Shipping, the project consortiumā¦
Maersk CEO: No Return to Red Sea Shipping Expected until āWell Into 2025ā
A.P. Moller-Maersk expects strong demand for shipping goods around the globe to continue in the coming months, though does not expect to resume sailing through the Suez Canal until "well into 2025".Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted a shipping route vital to east-west trade, with prolonged re-routing of shipments pushing freight rates higher and causingā¦
McDermott's DLV2000 Pipelay Vessel Gets ABSā Sustainability Certification
McDermott's heavy-lift and rigid pipelay vessel, the Derrick Lay Vessel 2000 (DLV2000), has been awarded the SUSTAIN-1 classification from the American Bureau of Shipping (ABS).This marks the first time a marine construction vessel in its class has achieved this sustainability certification.The SUSTAIN-1 classification recognizes the DLV2000 for its environmental performance, including energy efficiencyā¦
