Maritime Industry Top News
Putin Approves Transfer of State-owned Shares in Shipping Company to Rosatom
President Vladimir Putin signed on Wednesday a decree transferring to Russia's state nuclear power company Rosatom state-owned shares of the Far Eastern Shipping Company, parent company of transportation group Fesco.Fesco was formerly controlled by Ziyavudin Magomedov, who was convicted last year on organized crime and embezzlement charges and is serving a 19-year jail sentence following one of theâŠ
Finland Says China Promised Full Cooperation in Pipeline Probe
Finland on Wednesday said China had promised to fully cooperate in the investigation of the destruction last month of the Balticconnector gas pipeline, which happened on the same night that three subsea telecoms cables in the area were also damaged.Finnish police have said they are investigating whether a Hong Kong registered container vessel, the NewNew Polar Bear, damaged the pipeline by dragging its anchor over the sea bedâŠ
Newport News Shipbuilding Opens Additional Site in Norfolk
HII announced its Newport News Shipbuilding division has begun production at an additional campus in Norfolk, Va. to support the shipyardâs continued progress toward more effective and efficient shipbuilding.The Newport News Shipbuilding Norfolk Campus is located on land leased from Fairlead in the Lambertâs Point area, at a development known as Fairwinds Landing. NNS shipbuilders have worked at the site for several months constructing steel panels that will eventually make up units of Gerald R.
Seaside LNG and Carnival Corporation Partner to Fuel LNG-Powered Cruise Ship in Galveston
Seaside LNG and Carnival Corporation have entered into a term bunkering agreement to fuel the Carnival Jubilee, the first LNG-propelled cruise ship to call Galveston, Texas, its homeport.Seasideâs barge, the Clean Jacksonville, will move from Jacksonville, Florida, to operate out of Galveston and serve the Texas Gulf Coast with its first LNG delivery to the Carnival Jubilee in December 2023. With the assistance of the Port of GalvestonâŠ
Varamar, COSCO Shipping Enter Strategic Commercial Partnership
Varamar DMCC has entered into a strategic commercial partnership with ASL Shipping & Logistics Pvt Ltd, a COSCO Shipping Group company, with the aim of helping both companies to strengthen their respective trades.Varamar, a liner and tramp carrier that specializes in breakbulk, dry-bulk, oversized, and containerized cargo, has historically focused on trade lanes connecting Europe with the Middle East, Asia, and the Far East, while also trading to Africa and the Americas.
Wind-assisted Propulsion for World's Largest Ore Carrier
Brazilian mining firm Vale will install five Rotor Sails from Anemoi Marine Technologies Ltd (âAnemoiâ), a supplier of wind-assisted propulsion technology for commercial vessels, onboard a 400,000 dwt Valemax, the worldâs largest ore carrier. The vessel is owned by Omani shipowner, Asyad.Five 35-meter-tall, 5-meter-diameter cylindrical sails will be installed on the Sohar Max VLOC. The Rotor Sails will be installed on Anemoiâs folding deployment systemâŠ
Japan Says to Ensure U.S. Sanctions on Russia LNG Project Won't Harm Supplies
Japan will make sure its energy supplies are not affected by sanctions the United States recently imposed on the Arctic LNG 2 project in Russia in which it has a stake, Industry Minister Yasutoshi Nishimura said on Tuesday.Japan, the world's second-largest liquefied natural gas (LNG) buyer, relies on LNG as a transition fuel before it reaches carbon neutrality in 2050, and has supply contracts andâŠ
FOCUS-How Shipping More US Natural Gas to Europe Helped Fuel CO2 Pollution
Carbon dioxide emissions from U.S. liquefied natural gas facilities have jumped to 18 million tons per year, up 81% since 2019, adding a volume of greenhouse gas to the atmosphere equivalent to that produced by several big coal plants, according to United States government data.They could more than double to 45 million tons per year by the end of the decade as new facilities, encouraged by soaring overseas demand for the super-cooled fuelâŠ
Excelerate Energy Secures Long-Term LNG Deal with Petrobangla, Bangladesh
U.S.-based LNG firm Excelerate Energy has signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with the Bangladesh Oil, Gas & Mineral Corporation (Petrobangla). Petrobangla has agreed to purchase 0.85 to 1.0 million tonnes per annum (MTPA) of LNG from Excelerate for a term of 15 years beginning January 2026. Excelerate will deliver 0.85 MTPA of LNG in 2026 and 2027 and 1âŠ
U.S. Navy Takes Delivery of Ship to Shore Connector, Landing Craft, Air Cushion 108
The U.S. Navy took delivery of the next-generation landing craft, Ship to Shore Connector (SSC), Landing Craft, Air Cushion (LCAC) 108, from Textron Systems."These next-generation craft provide our Navy and Marine Corps team with essential agility and speed to complete their missions,â said Capt. Jason Grabelle, program manager for Amphibious Assault and Connectors Programs, Program Executive Office (PEO) Ships.
US Commits $553M Financing for Adani Terminal Venture at Colombo Port
The U.S. International Development Finance Corporation (DFC) said it will provide $553 million financing for a Colombo port terminal project, partly owned by India's Adani Group, advancing the first foray by an Indian company into the sector.Sri Lanka, an island off India's southern coast, is mired in its worst financial crisis in over seven decades after its foreign exchange reserves ran to record lows last year, forcing its economy to contract by 7.8% in 2022.
Weathernews and Dataloy Systems Launch Solution to Refine Vessel Voyage Management
Weathernews Inc. and Dataloy Systems AS said Wednesday they had introduced an integrated solution to refine vessel voyage management based on unique weather data. The integration combines Weathernews' historical seasonal routes and sea margins with Dataloy Systemsâ Voyage Management System (VMS), which, the companies say, provides "streamlined access to critical data, error reduction, increased efficiency, and a focus on enhancing voyage quality and profitability.
3D Printed Spare Part Cuts Downtime for Wallenius Wilhelmsen's RoRo Vessel
Pelagus 3D said Wednesday it had delivered a Return Oil Standpipe at Kobe, Japan, to be installed on Wallenius Wilhelmsen's RoRo vessel TYSLA. The collaboration involved Kawasaki Heavy Industries and Wilhelmsen Ship Management.Traditionally, the procurement, fabrication, and delivery of specific spare parts has been a time-consuming process, often leading to costly downtime for the maritime and offshore industries.
Cadeler and Eneti Announce Launch of Share Exchange Offer
Cadeler A/S and Eneti Inc., two offshore wind turbine and foundation installation companies, have announced the commencement of a share exchange offer for all the outstanding shares of common stock of Eneti.The offer is being made pursuant to the Business Combination Agreement, announced on June 16, 2023. The offer is expected to close within Q4 2023.The combined group will be named Cadeler, and be headquartered in CopenhagenâŠ
UK: King Puts Live Export Ban Back on Agenda
The King's Speech on November 7 set out the UK Government's agenda for the coming political year, and the animal welfare charity RSPCA is pleased that a live export ban - via an Animal Welfare (Livestock Exports) Bill - was amongst the issues raised in the supplementary notes.The RSPCA has campaigned to outlaw live exports for more than 50 years. Today, around 1.6 million farm animals â cattle, sheepâŠ
WSC Releases Global Whale Chart
Accidental collisions between ships and whales are a global concern, and can occur wherever there is an overlap between whale activity and vessel traffic. To help seafarers plan their voyages to minimize the risk of collisions, the World Shipping Council (WSC) has launch the WSC Whale Chart.This navigational aid is the first global mapping of all mandatory and voluntary governmental measures to reduce harm to whales from ships.
Oldendorff and MIT Report on Biofuel Contamination Study
In 2019, Oldendorff Carriers signed a research agreement with the Massachusetts Institute of Technologyâs (MIT) Center for Bits and Atoms to investigate disruptive improvements in ship design, propulsion, and alternative energy sources to help achieve the enhanced decarbonization targets to 2050. As part of their agreement, Oldendorff Carriers asked MIT to conduct a study on the long-term stability and degradation of a B20 advanced biofuel blend.Biofuels offer a drop-in fuel optionâŠ
Wallenius Wilhelmsen Orders MAN Engines for Dual-Fuel Car Carriers
RoRo shipping company Wallenius Wilhelmsen has ordered 4 × MAN B&W 7S60ME-C10.5-LGIM (Liquid Gas Injection Methanol) dual-fuel engines capable of running on green methanol in connection with the construction of four pure car/truck carriers (PCTCs).The 9,300 CEU (Car Equivalent Unit) vessels will be built in China at the Jinling Shipyard (Jiangsu) and are scheduled for delivery from mid-2026 on. The order contains options for a further eight such vessels.Xavier LeroiâŠ
Ponant Enhances Connectivity on Luxury Icebreaker
Digital solutions company Marlink has partnered with LEO internet operator Eutelsat OneWeb to provide digital connectivity solutions to cruise company Ponant.Ponant will deploy the Eutelsat OneWeb service on its polar exploration icebreaker Le Commandant Charcot, providing guests and crew with high throughput and low latency internet access across the vesselâs itinerary.Leveraging Marlinkâs expertise in smart hybrid networksâŠ
RINA Appoints Carlo Luzzatto as Next CEO
Carlo Luzzatto has been appointed as the future CEO and General Director of classification society RINA.The appointment is set to be formalized by the end of 2023, coinciding with Fondo Italiano d'Investimento's acquisition of a minority stake up to 33% in RINA S.p.A. This transition aligns with the joint growth objectives established with Fondo Italiano d'Investimento, reinforcing the Group's intentionâŠ
