Maritime Industry Top News
US Awards More than $653 Million for Port Projects
The U.S. Department of Transportationâs Maritime Administration (MARAD) announced over $653 million to fund 41 port improvement projects across the nation under the Port Infrastructure Development Program (PIDP).The investmentsâpart of the largest dedicated funding for ports and waterways in history, nearly $17 billion through the Presidentâs Bipartisan Infrastructure Lawâare intended to help grow capacity and increase efficiency at coastal seaportsâŠ
Second Gas Cargo Heads to Finland's LNG Terminal After Pipeline Rupture
A tanker carrying Norwegian liquefied natural gas (LNG) is set to arrive at Finland's Inkoo terminal overnight, vessel tracking data showed on Friday, making it the second cargo since the Oct. 8 outage of a Finnish-Estonian gas pipeline.The Arctic Princess, carrying natural gas from the Arctic Hammerfest LNG plant, signaled its arrival at Inkoo on Friday at 2300 GMT, LSEG shipping data showed, corresponding to Saturday morning at 0100 EET in local time.The tanker loaded in Norway on Sept.
Davie Acquires Helsinki Shipyard
Canadian shipbuilding group Davie announced it has finalized its acquisition of Finlandâs Helsinki Shipyard Oy, which has struggled to gain new business due to Western sanctions against Russia.The deal has been nearly a year in the making, starting from December 2022. By March 2023, Davie exercised an exclusive option to purchase the assets of Helsinki Shipyard. In April a business purchase agreement was signedâŠ
Viking Supply Ships Takes Delivery of Andreas Viking AHTS
Swedish offshore vessel owner Viking Supply Ships has taken delivery of the Andreas Viking AHTS, previously known as the Far Senator.In March 2023, Viking Supply Ships said it would take two Ocean Yield-owned AHTS vessels, Far Senator and Normand Statesman, on bareboat charters for a period of five years, with purchase options during the charter period, and an obligation to purchase the vessels at the end of the charter period if requested by Ocean Yield AS.
New High-speed Landing Craft Delivered in Australia
A new high-speed low-draft landing craft Island Guardian has been delivered to the Great Barrier Reef Joint Field Management Program in Australia.The new 21-meter vessel has been custom-designed by Incat Crowther and built by Norman Wright & Sons to enhance island protected area management, research, incident response and facilitate more efficient management of the Great Barrier Reef World HeritageâŠ
Maersk to Cut at Least 10,000 Jobs as Shipping Boom Unravels
Shipping group A.P. Moller-Maersk reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs, and weaker prices.Maersk, which controls about one-sixth of global container trade, transporting goods for a host of major retailers and consumer goods companies such as Walmart and Nike, flagged a steeper downturnâŠ
Rhenus Upgrades Engines on Two Pushboats
The Rhenus Group announced it has upgraded two canal push boats operated by Deutsche Binnenreederei (DBR) with new stage V engines.While the new construction of more sustainable hydrogen-powered vessels is a long-term project, the Rhenus Group is retrofitting its older vessels with modern and therefore more environmentally-friendly technology in the short term. The two canal push boats, RSPSB146 and RSPSB153âŠ
Cargo Ship Catches Fire Off the Philippines
A fire that broke out Thursday aboard the cargo ship Ken off the Philippines has been extinguished, the Philippine Coast Guard said.The vessel, owned by Pherwin Shipping Corp., reportedly caught fire near Castilla Anchorage Area in Sorsogon at around 11 a.m. local time.The Coast Guard said it coordinated with the Philippine Navy and Bureau of Fire Protection (BFP) for joint search and rescue and firefighting operations.According to the eight crewmembers on boardâŠ
ABS Publishes Requirements for Liquid Hydrogen Carriers
The transportation of hydrogen, a key fuel of the energy transition in maritime, is another step closer to supporting projected market demands thanks to newly published industry-leading requirements from ABS.The ABS Requirements for Liquefied Hydrogen Carriers address safety and technical standards for vessels carrying liquefied hydrogen, expanding on the corresponding IMO Resolution MSC.420(97) that was adopted in November 2016.
NYC Exploring Ways to Move More Freight Via Waterways
New York City is looking at ways to help shift freight transportation off of its busy roads and onto the waterways.The city's Department of Transportation (NYC DOT) and Economic Development Corporation (NYCEDC) on Wednesday jointly released a Request for Information and Expressions of Interest (RFEI) seeking private sector feedback to help it gauge industry challenges and opportunities, and exploreâŠ
SCHOTTEL to Propel Windcat Offshore's Latest Walk-to-Work CSOVs
The first three new Walk-to-Work Commissioning Service Operation Vessels (CSOVs) built by the Dutch Damen Group for Windcat Offshore will be powered by full propulsion packages from SCHOTTEL. With vessel sizes of 87 metres by 20 metres, each CSOV will come with high-comfort accommodation for 120 passengers, and will provide a large warehouse and deck as well as various recreational areas and a hospital. The vessels will be powered by hydrogen and use a DP-2 control system.
Hiring Event in Norfolk for NOAA Research Ship Jobs
NOAA Marine and Aviation Operations will hold a hiring event in Norfolk, Virginia to recruit professional mariners to work aboard NOAAâs ocean research ships. The event will be held on Nov. 15 at the NOAA Marine Operations Center - Atlantic. NOAA operates a fleet of 15 hydrographic survey, oceanographic research and fisheries survey vessels. NOAA ships operate in the U.S. and around the world. The ships are run by a combination of NOAA commissioned officers and civilian professional mariners.
US Postpones Gulf of Mexico Oil and Gas Auction Due to Litigation
The Biden administration on Thursday postponed a Nov. 8 sale of offshore drilling rights in the Gulf of Mexico pending the outcome of a lawsuit over oil and gas development and federal protection of an endangered species of whale.The move comes after a U.S. appeals court on Oct. 26 temporarily paused a lower court order requiring the Interior Department's U.S. Bureau of Ocean Energy Management (BOEM) to expand the auctionâŠ
Danelec Acquires MacGregor VDR Business
Danelec, a leader in the production of electronic equipment for the maritime industry, consolidates its market position in the Voyage Data Recorders sector with the acquisition of MacGregor's business in this field. With this investment, Danelec enhances its installed base to a total of 16,000. With the acquisition of MacGregor's Voyage Data Recorder business (VDR) including the Maritime Data Engine (MDE) SoftwareâŠ
RAL Electric Tugs @ Sea Trials
Two electric-powered emissions-free electric tugboats built by Sanmar Shipyards in Türkiye are undergoing sea trials ahead of being delivered to SAAM Towageâs Canadian fleet. The tugs are based on the ElectRA 2300SX design from Robert Allan Ltd (RAL). They were launched on April 8 and September 9 respectively, and measure 23.4m LOA, with an 11.9m beam and maximum draft of 5.5m, and a bollard pull of 70 tonnes based on a battery power of 3616 kWh.The tugs have Schottel SRP460 LE thrusters with 2âŠ
Wagenborg Offshore Takes Delivery of Subsea Support Vessel Kingsborg
Wagenborg Offshore has taken delivery of the Kingsborg subsea support vessel.Kingsborg is a subsea support vessel, converted from a platform supply vessel, that will support subsea activities and decommissioning works in the southern North Sea in a long-term agreement with an energy major, Wagenborg said, without sharing the name of the client."After the positive experiences with the W2W vessels Kasteelborg and KeizersborgâŠ
Israel's Ship Industry Urges Government to Help with Jump in War Insurance
Ships sailing for Israel face a 10-fold jump in war risk premiums as the conflict in Gaza intensifies, prompting industry calls for the government to help ensure vital imports keep coming.Israel has vowed to annihilate Islamist group Hamas after its fighters stormed through Israeli towns from Gaza on Oct. 7, killing 1,400 people and seizing more than 220 hostages.Israeli forces have hit back with deadly air strikes and now a ground offensive on the narrow coastal stripâŠ
BIO-UV to Deliver Ballast Water Treatment System for Drillship Pair
BIO-UV Group said Thursday it had received a major order to supply its BIO-SEA ballast water treatment system to a pair of drillships scheduled to enter an undisclosed operatorâs offshore drilling rig fleet.According to BIO-UV, a modular version from the BIO-SEA B-Series, combining mechanical filtration and UV disinfection, has been ordered by a United Arab Emirates-based offshore drilling contractorâŠ
White House Says It is Committed to Offshore Wind Despite New Jersey Setbacks
The Biden administration on Wednesday said it is committed to supporting the nascent U.S. offshore wind industry despite challenges that prompted the cancellation this week of two major planned projects off the coast of New Jersey.The White House and Interior Department both issued statements backing the sector shortly after Denmark's Orsted said soaring cost inflation, high interest rates and supply chain bottlenecks had forced it to stop development on the projects.
Euronav Doubles Q3 Core Profit Yr/yr; Beats Estimates
Belgian oil tanker firm Euronav on Thursday beat analysts' expectations and more than doubled its core profit in the third quarter from the same year-ago period, helped by higher sales and high freight rates.The market for very large crude carriers (VLCC) "has improved due to increased frequency of loadings from higher USA crude production", Euronav said in a statement. Although freight rates fell modestly during the quarterâŠ
