Maritime Industry Top News
ZEI Raises $8.75 Million in Series A Funding
San Francisco-based hydrogen technology company Zero Emission Industries (ZEI) announced it has raised $8.75 million through the completion of a Series A financing round led by Chevron New Energies, with participation from commodity trading company Trafigura and shipping and logistics company Crowley.ZEI, formerly known as Golden Gate Zero Emission, is best known as the technology team behind the Sea Change ferryâŠ
Russian Oil Tankers Not Targeted in EU Sanctions Proposal -EU Diplomats
Russian oil tankers are not targeted in the European Commission's proposal for tightening the implementation of a price cap on the country's crude oil, EU diplomats said on Wednesday.The Financial Times reported earlier on Wednesday that Denmark will be tasked with inspecting and potentially blocking Russian oil tankers sailing through its waters under new European Union plans as a way of enforcingâŠ
US Appeals Court Scraps Sempra's Port Arthur LNG Emissions Permit
A U.S. court has removed an emissions permit for Sempra's Port Arthur LNG export terminal in Texas, potentially halting construction of the facility.In its decision, the U.S. Court of Appeals for the Fifth Circuit on Tuesday found that the Texas Commission on Environmental Quality (TCEQ) failed to impose the same emissions limits on the Port Arthur plant as on other projects, including the Rio GrandeâŠ
Authorities Reviewing Evidence from Titan Submersible Tragedy
Authorities from the U.S., Canada and France are combing through evidence recovered from the Titan submersible that suffered a catastrophic implosion en route to the wreckage of the Titanic in June.Investigators from the U.S. Coast Guard, National Transportation Safety Board (NTSB), Transportation Safety Board of Canada (TSB) and the French Marine Casualty Investigation Authority (BEAmer) conducted an onsite evidence review in NewportâŠ
US Navy Ship Shoots Down Drone from Yemen
A U.S. Navy warship shot down a drone in the Red Sea that emanated from Yemen, two U.S. officials told Reuters on Wednesday, in what appeared to be only the second time the United States has brought down projectiles near its warships since the Israel-Hamas conflict began.Washington is on heightened alert for activity by Iran-backed groups as regional tensions soar during the conflict and has been trying to ensure that it does not spread in the region.The officialsâŠ
Damen Delivers Cutter Suction Dredgers to Mexico
Three new cutter suction dredgers (CSD) built in the Netherlands by Damen Dredging Equipment (DDE) were commissioned in the harbor of Veracruz, Mexico, for SEMAR.The three CSD250s are not the first Damen dredgers to be operated by SEMAR. Over the past few years, Damen has delivered a number of CSD500s, a CSD450 and a CSD650. All of these dredgers operate on an array of projects along both coastlines of Mexico.âIt has been a pleasure to renew our cooperation with SEMARâŠ
BeHydro Hydrogen Dual-fuel Engine Earns LR Type Approval
Lloydâs Register (LR) has awarded type approval to BeHydro, a joint venture between CMB.TECH and Anglo Belgian Corporation (ABC), for its hydrogen-powered dual-fuel engine. It is the first type approval for a dual-fuel hydrogen engine.The new engine, which has a capacity of up to 2.7 megawatts (MW), offers shipowners the potential to reduce CO2 emissions by up to 85%, with dual-fuel technology allowingâŠ
Marsh, Lloyd's, Ukraine Launch War Risk Ship Insurance to Cut Grain Costs
Insurance broker Marsh MMC.N, Lloyd's of London insurers and Ukrainian state banks have launched a programme to cut the cost of claims for damage to ships and crew transporting grain through the Black Sea corridor, Marsh said on Wednesday.Kyiv launched a "humanitarian corridor" in August for ships bound for Africa and Asia to circumvent a de facto blockade in the Black Sea after Russia quit a UnitedâŠ
MacGregor to Supply RoRo Equipment for Two PCTC Vessels to be Built in South Korea
MacGregor, part of Cargotec, said Wednesday it had received a significant order to supply comprehensive packages of RoRo equipment for two PCTC vessels to be built by Hyundai Mipo Dockyard Co. Ltd in South Korea.The vessels are scheduled to be delivered to the owner between the second quarter of 2026 and the third quarter of 2026. MacGregorâs scope of supply encompasses the design, supply, and installation support of complete hardware for both vesselsâŠ
Denmark Could Block Tankers with Russian Oil from Reaching Markets - FT
Denmark will be tasked with inspecting and potentially blocking tankers carrying Russian oil through its waters under new European Union plans, the Financial Times reported on Wednesday, citing three unidentified sources.Russia sends about a third of its seaborne oil exports, or 1.5% of global supply, through the Danish straits so any attempt to halt those supplies would send oil prices higher and trigger a confrontation with Russia.
Rem Offshore Nets Multiple Offshore Vessel Deals Worth $138M in Total
Norway-based offshore vessel owner Rem Offshore said Wednesday it had secured multiple long-term contracts for its vessels. "The contracts have been signed on market terms and will ensure high fleet utilization in the coming years," Rem Offshore said.The 2013-built Rem Inspector subsea vessel has been awarded contracts for work on offshore wind projects in Taiwan. The contracts have a total duration of just over one year with start-up in the fourth quarter of 2023âŠ
Cadeler Secures Loan to Fund Offshore Wind Vessel Construction & Upgrades
Danish offshore wind installation services company Cadeler said Monday it had entered into an unsecured green loan facility with HSBC. The purpose of the loan facility is, among others, to fund Cadelerâs construction of the X-class and F-class newbuild vessels and the upgrade of the existing O-class vessels with new cranes. The financing includes a non-committed accordion option of up to EUR 50 million.CadelerâŠ
Digitalization: Maritime Charts its Course
Maritime players plotting pathways to data collaboration with digital projects in line with new BV-backed research study.Digital technologies are increasingly being leveraged by shipping players to facilitate data collaboration among different actors in areas like ship design, vessel performance and port calls as a new Thetius research study backed by Bureau Veritas (BV) shows this will be vital to drive decarbonizationâŠ
Wärtsilä Launches 'World's First' 4-stroke Engine-based Ammonia Solution
Finland-based marine technology and equipment maker Wärtsilä has introduced the marine sectorâs "first commercially available 4-stroke engine-based solution for ammonia fuel."According to Wärtsilä, the new solution enables a significant advance in sustainable shipping operations â during a time in which ship owners are seeking viable options among green fuels. The ammonia solution is now commercially available as part of the Wärtsilä 25 engine platformâŠ
Snam to Invest in Ravenna FSRU
Italian gas grid operator Snam will invest 1 billion euros ($1.1 billion) in a new LNG offshore terminal near Ravenna, the company's CEO said on Tuesday.The floating storage and regasification unit (FSRU) will add to another LNG terminal already set up in Tuscany, increasing Italy's gas import capacity and reducing dependence from its traditional suppliers, including Russia."To increase energy security for Italy we decided last yearâŠ
US Appeals Court Orders Gulf Lease Auction Within 37 Days
A U.S. appeals court on Tuesday ordered that a postponed federal auction of drilling rights in the Gulf of Mexico be held within 37 days, a setback for environmentalists seeking expanded protections for the endangered Rice's whale.According to court papers, the New Orleans-based U.S. Court of Appeals for the 5th Circuit dismissed an effort by four green groups to block an expansion of the sale orderedâŠ
Viking Expands Southeast Asia River Fleet
Viking has announced the expansion of its river fleet in Southeast Asia with the new Viking Tonle.Designed for the Mekong River, the vessel will join its identical sister ship, the Viking Saigon, which debuted in 2022, and will sail between Kampong Cham, Cambodia, and Má»č Tho, Vietnam, as part of Viking's 15-day Magnificent Mekong itinerary.The ship is under construction and is currently scheduled to debut in October 2025.
Schottel Australia Partners with Fremantle Foundry and Engineering
Schottel Australia and propulsion systems repair specialist Fremantle Foundry and Engineering (FFE) have signed a service agreement that will expand the Schottel service network and strengthen OEM-quality repairs for Schottel products in Western Australia.FFE provides expert marine maintenance both onshore in its modern workshops and offshore. The company, which was founded in 1902, is an accreditedâŠ
Animal Cruelty Charges Dropped
The animal cruelty charges that were brought against livestock export company Emanuel Exports have been dropped by prosecutors in Perth, Australia.Around 2,400 sheep died on the Awassi Express (subsequently renamed the Anna Marra) on a voyage from Fremantle to the Middle East in August 2017.The situation was brought to public attention when Animals Australia obtained whistleblower footage which was broadcast on a 60 Minutes program in April 2018.
Babcock CEO Optimistic Aabout Further Type 31 Orders
Babcockâs chief executive is optimistic the company will secure further orders for the Type 31 frigate, and talks are ongoing with three countries who are interested in the ship.âWeâre still optimistic about further export orders,â CEO David Lockwood said in an interview on Tuesday, adding that he had a couple of visits to potential customers planned before Christmas.âWarships are always political so theyâre never done until theyâre done.âBabcock is building the Type 31 frigate for BritainâŠ
