Maritime Industry Top News
BIMCO Approves First Autonomous Ship Management Agreement
BIMCO’s Documentary Committee has adopted the AUTOSHIPMAN agreement in response to a growing number of remotely controlled ships, primarily for now, in inland waterways and coastal trades.The AUTOSHIPMAN agreement provides a standard contractual foundation for third-party ship managers to deliver services for the operation of remotely controlled or fully autonomous ships.“Currently, remotely controlled ships are operating commercially in several parts of the world.
Global Orderbook Likely to Shrink
VesselsValue has released its Q4 2024 Market Outlook indicating a forecast period up to 2027 which suggests a mixed outlook across different vessel types.The company anticipates that orders for bulkers and tankers will gain momentum, while demand for containers and LNG/LPG vessels will decline. Despite the expected rise in bulker and tanker orders, the overall orderbook will likely shrink due to a surge in deliveries for container and gas vessels.Geopolitical tensions…
Maersk Names Latest Dual-fuel Methanol Containership Alexandra Maersk
A.P. Moller - Maersk on Wednesday held a naming ceremony in the U.K.'s Port of Felixstowe for its latest dual-fuel methanol container vessel, Alexandra Maersk.The newbuild is the the sixth vessel in Maersk’s owned fleet that is capable of running on methanol fuel in its main and auxiliary engines, and the fifth ship in Maersk's series of 18 large dual-fuel methanol vessels scheduled for delivery in 2024 and 2025—each with more than 16…
Hurricane Milton Bears Down on Florida's Gulf Coast
Hurricane Milton closed in on Florida's Gulf Coast on Wednesday, spawning tornados and lashing the region with rain and wind hours ahead of its expected landfall near Tampa Bay, where it could deliver a life-threatening surge of seawater to communities along the waterfront.Millions of people along a stretch of more than 300 miles (483 km) of coastline were under evacuation orders, just two weeks after Hurricane Helene cut a swath of devastation.
Manawanui Sinking: Speedy Cleanup Will Be Crucial, But Many Challenges Ahead
Speed will be of the essence as salvage crews attempt to stop fuel leaking from the sunken New Zealand naval ship off the coast of Samoa.The HMNZS Manawanui ran aground last weekend on a reef about one nautical mile off the south coast of Upolu, Samoa’s most populated island. The specialist dive and hydrographic vessel was on its third deployment, conducting a reef survey, when it caught fire and sank.The ship has come to rest at a depth of up to 150 metres…
Union Bulk Names Michael Bonderup CEO
Denmark-based Union Bulk announced Michael Bonderup will take over as chief executive officer, effective November 4.As part of this transition, Jens Boesen will step down from his role as CEO that he has held since the company was founded, to take on the position of chief financial officer.Additionally, Troels Hjaltelin will join the company as head of business development, chartering on November 4, and Robert Heal will join as head of Union Bulk's Singapore office starting in early October.
US LNG Exports Dip in September
U.S. exports of liquefied natural gas fell slightly in September as plant maintenance trimmed output, while Europe remained the leading destination, data from financial firm LSEG showed.Gulf Coast plants escaped any major impact from hurricanes last month, helping the U.S. to retain its status as the world's largest LNG exporter.Exports of the superchilled gas fell to 7.26 million metric tons in September, just down from August, when the U.S. sold 7.48 MT, LSEG data showed.U.S.
“Cybersecurity is a Hoax” and other Maritime Misconceptions
With new rules on Cyber Security coming down from the U.S. Coast Guard, Angeliki Zisimatou, Director Cybersecurity, ABS, is uniquely positioned to discuss maritime cyber security in the round, with insights on what she’s seen and heard from the draft rules, with advise on what it could mean for vessel owners.Cyber security and all that it entails is quickly climbing the priority ladder in maritime…
Singapore Bunker Standards for Methanol, Ammonia to Come by 2025
New standards for bunkering methanol and ammonia will be developed by 2024 and 2025 respectively, the Maritime and Port Authority of Singapore (MPA) said on Wednesday.The world's largest vessel refueling hub is preparing for higher uptake of alternative bunker fuels, which shippers are considering using to help lower carbon emissions."The standards will cover custody transfer requirements, safety procedures and crew competencies, to ensure safe bunkering operations and handling of these fuels,"
New Product: Cylinder Scuffing Detection Tool
Ships trials reportedly confirmed that CM Technologies’ new scuffing sensor can detect early onset cylinder wear in marine diesel engines. Trials onboard a number of large containerships and a two-stroke engine Baltic ferry showed it was possible to measure the friction in the cylinder when the engine is running.CMT noted a trend in cylinder liner scuffing following the widespread use of 0-0.50% low sulphur fuel (LSF).
AI-Powered Vessel Tracking and Monitoring
A partnership between Iceland's TM Insurance and Hefring Marine promises to bring the 'big brother is watching' mantra foward faster in marine operations.Touted as an AI -driven ‘digital assistant’, the primary target for this offering are the helm stations of fast craft, and according to Hefring Marine, IMAS Helm addresses both accident prevention and fuel efficiency, aiming to provide fast craft operators with guidance such as a maximum advised speed…
Industry Partnership to Deliver SOV Tailor-Made for Floating Wind Farms
North Star has launched a partnership which includes MO4, Principle Power, SMST, Vard, and Voith Group to fast-track the development of high-performance operations and maintenance ships tailored for floating offshore wind farms.The companies have signed a memorandum of understanding (MoU) to establish a dedicated working group of industry experts to help fast-track the design and testing of a new service operations vessel (SOV) concept.Together…
Tanker Vessels Flock to Guyana as Oil Exports Soar 58%
“Year-to-date, Guyana’s oil exports have jumped to 598 thousand barrels per day (kbpd), a 58% year-on-year increase, adding to the growth achieved in previous years. Over the past three years, the average annual growth rate has hit 76%,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.ExxonMobil first started producing from the Liza field in the Starbroek Block in late 2019. Since then, the operation in the Liza field has been expanded and production in the Payara field added.
NYK Opens Future Fuels Engine Facility
On October 1, 2024, NYK began operation of a test engine facility in Chiba Prefecture to evaluate the safety of new fuels.The introduction of new marine fuels used to necessitate testing and analysis at external engine facilities, in addition to trial operations, all of which would require about two years to complete. Shortening this period and reducing the cost of testing have been key to meeting the increasing demand for new fuels…
Singapore Will Soon Require Digital Bunker Notes
Marine fuel suppliers at Singapore, world's largest bunker hub, will be required to provide digital bunkering services and issue electronic bunker delivery notes starting April 1, 2025, Amy Khor, Singapore's senior minister of state for transport, said at the SIBCON 2024 conference.The move aims to streamline ship fueling, or bunkering, processes by making data sharing between buyers and sellers more efficient and transparent, saving the industry close to 40,000 man-days per year and reducing th
Secret Footage Shows Calves Beaten Before Export
Irish TV broadcaster RTÉ Investigates has aired undercover footage of Irish bull calves being repeatedly struck in the face, force-fed, jabbed with tools and dragged by the ears and tail. The report follows a report by RTÉ Investigates aired last year on the treatment of Irish bull calves during the live export process.RTÉ has continued to investigate the treatment of Irish calves in the wake of Europe-wide interest in its first report published and broadcast in July 2023…
Whale Sharks Beware!
An international study has found whale sharks and ships are more likely to collide by the end of the century due to climate change.The researchers used global climate models and satellite-tracking data of 348 tagged whale sharks from 2005 to 2019 and combined it with shipping traffic models and habitat suitability estimates to predict the risk of interaction.Whale sharks are highly mobile marine megafauna that can travel hundreds or thousands of kilometers annually.
Denmark Postpones Hydrogen Pipeline to Germany
Denmark will postpone the rollout of a green hydrogen transmission pipeline between western Denmark and northern Germany by three years to 2031 from 2028, the country's energy ministry said on Tuesday.Denmark has worked with transmission system operator Energinet to make the timeline more reliable and to limit delays, Energy Minister Lars Aagaard said in a statement."This is to ensure interaction between the large amounts of green power from the offshore wind supply, the production of green hydr
East Java Multipurpose Terminal Opens for Business
ICTSI has officially opened its East Java Multipurpose Terminal (EJMT) in Lamongan Regency, Indonesia.The terminal has a 300-meter quay line, deep water draft of 13.5 meters (LAT), a 500-meter swinging basin and handling equipment for bulk, project and containerized cargo. It also has two of the largest post-Panamax mobile harbor cranes in East Java.Situated in Lamongan Regency 60 kilometers west of Surabaya City…
Woodside Takes Over and Renames Driftwood LNG Development
Woodside has completed the acquisition of Tellurian Inc. and its US Gulf Coast Driftwood LNG development opportunity.Woodside has acquired all issued and outstanding Tellurian common stock for approximately $1.00 per share to bring the value of the transaction to approximately $1,200 million.Woodside has also renamed the Driftwood LNG development opportunity Woodside Louisiana LNG.Woodside Louisiana LNG is an under-construction…
