Maritime Industry Top News
Russia's Western Sea Port Oil Exports Seen Falling as Refinery Runs Rise
Russia's oil exports via its western sea ports in November may fall by some 300,000 barrels per day (bpd) after ample supplies in September-October as domestic refineries are expected to raise runs as seasonal maintenance ends, three sources familiar with the plans said.Urals, Siberian light and KEBCO crude oil exports from Primorsk, Ust-luga and Novorossiisk ports are set to decline by some 300,000 bpd from October to slightly above 2 million bpdā¦
Shell's Australian FLNG Facility Poised for Mid-November Restart
Shell is expected to complete maintenance at its flagship Prelude liquefied natural gas (LNG) facility off Australia by mid-November, two sources close to the projectā¦
Hanwha Ocean Eyes Submarine Exports to Canada, Philippines, Poland - official
South Korea's Hanwha Ocean has pitched offers to build submarines to Canada, the Philippines, and Poland, a company official said on Wednesday, as the country pushes to become one of the world's top four defense exporters.Canada is studying potential builders for new submarines and has expressed interest in Hanwha Ocean among other foreign rivals, Kim Seung-min, leader of Hanwha Ocean's naval and special ship overseas marketing teamā¦
Oil Tanker Hit by US Sanctions Heads to Texas for Unloading - Exxon
An oil tanker that the U.S. government imposed sanctions on for recently carrying Russian oil above the Western price cap is proceeding to the Baytown refinery in Texas for unloadingā¦
Shipping Industry Off Track to Meet 5% Zero-emission Fuel Target by 2030
The world is not on track for zero-emission fuels to account for 5% of international shipping fuels by 2030, a new analysis has found, jeopardizing the shipping industry's 2050 decarbonization goal.Launched at the Global Maritime Forum's annual summit in Athens on Wednesday, the assessment finds that current scalable zero-emissions fuel (SZEF) production in the pipeline would cover just a quarter of the fuel needed by 2030. And the delivery of zero-emission vessels is also faltering.
1993-built Passenger Vessel Sees 23% CO2 Emission Reduction after Eco-Makeover by Kongsberg
Kongsberg Maritime, a Norwegian maritime equipment and technology specialist, announced a 23% reduction in CO2 emissions on the 121-meter passenger vessel MS Richard With, which is owned by Hurtigruten, a coastal ship operator and adventure travel company.The vessel finished an extensive refit last summer using Kongsberg Maritime engineering and technology and has now completed its first year back in service.Last yearā¦
Capesize Order Book Slips to 5% of Fleet
āAt the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far in 2023, down 4% y/y. Low freight rates paired with a young fleet are keeping the order book small,ā says Filipe Gouveia, Shipping Analyst at BIMCO.Contracting of newbuild ships typically increases following periods of high freight rates.
NYK and Partners Launch Sound-Analysis Tool
Nippon Yusen Kabushiki Kaisha (NYK), MTI, and Nabtesco Corporation have developed an electric diagnostic tool that records, visualizes, and analyzes the operational sounds of a vessel's engine plant for early anomaly detection.The device has been named āKirari MUSEā and can store operational sounds from the equipment as data and use it to diagnose equipment conditions.Listening rods made of elongated metal are already widely used for diagnosing equipment conditions.
Sinwa Group to Acquire Francois Marine & Offshore
Sinwa Group announced it has reached an agreement to acquire Francois Marine & Offshore from Northern Marine Group.Francois Marine & Offshore has Asian ship supply operations and infrastructure in Singapore, Hong Kong, Shanghai and Busan. The acquisition does not include the subsidiary Francois Marine B.V in Rotterdam, nor Francoise Offshore Catering.Thomas Zimmerhaeckel, Sinwa chairman and managing partner at Asean Strategic Partnersā¦
Amogy: Policy and Standards Needed for Ammonia
Ammonia-to-power solutions company Amogy Inc. has released a white paper titled "Ammonia as a Clean Energy Solution for Maritime Use."Ammonia has emerged as a promising fuel source for a wide range of vessel types, but realizing its potential requires a combination of production incentives, sector-specific policies, and standardized ammonia usage practices throughout the maritime value chain.The white paper examines ammonia's pivotal role in decarbonizing maritime applications.
Finland Probing Russian, Chinese Ships Over Gas Pipeline Damage
Finnish investigators looking into damage to a Finnish-Estonian gas pipeline said on Tuesday they are probing several ships, including one Chinese and one Russia-owned, which were present in the Gulf of Finland at the time.āInvestigation measures have been focused on several vessels, such as Newnew Polarbear and Sevmorput, but also on others which according to data have been in the area at the time of the damage,ā Finlandās National Bureau of Investigation added in a statement.Related: Finland C
Rolls-Royce to Cut Up to 2,500 Jobs
Rolls-Royce (RR.L) said on Tuesday it would cut up to 2,500 jobs as its new chief executive seeks to build a more efficient business, the latest boss to attempt to revamp one of Britain's most prestigious engineering companies.Over the last decade, Rolls-Royce, whose engines and systems are used on the Airbus A350 and Boeing 787 as well as ships, submarines and in power generation, has been through several restructuringsā¦
Evergreen Line Declares Force Majeure on Israel Shipment
Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of Ashdod, with its Ever Cozy vessel diverted to Haifa further north due to safety concernsā¦
All-electric Waterways Clean-up Vessel Launched in the UK
MMS Workboats, a division of U.K.-based MMS Ship Repair & Dry Dock Co Ltd. (MMS), has launched a cutting-edge plastic and debris collection vessel: the Envirocat All-Electric Eco 8.5.Designed to make waterways cleaner and support sustainable industries such as fish farming and aquaculture, the 8.5 meter vessel can be operated by a single user, enabling efficient, cost effective and environmentally friendly clearance of plastic and flotsam from the waterās surface.The vesselā¦
Orion Wins Contract to Replace Dry Dock at Grand Bahama Shipyard
Construction and engineering company Orion Group Holdings announced it has been awarded a contract worth more than $100 million for the turnkey design-build of a replacement dry dock at the Grand Bahama Shipyard, situated in Grand Bahama, Bahamas.The scope of work includes marine works and infrastructure construction, dredging, creating new mooring facilities and providing enhancements to shore stability.
Will Floating Offshore Wind Drive a Shipbuilding Boom?
Will the emergence of a floating offshore wind industry drive demand for newbuilds? When would these new vessels be needed? And will there enough qualified mariners to crew them? Philip Lewis, director of research at Intelatus Global Partners, weighs in.See the full video interview here.
US Bolsters Its Sealift and Tanker Support Fleets
The United States has bolstered its fleet of U.S.-flagged sustainment sealift vessels and product tankers to support the Department of Defense (DoD) during timesā¦
Finland Terminal Receives First LNG Cargo after Pipeline Breach
A tanker carrying liquefied natural gas (LNG) arrived at Finland's Inkoo terminal on Tuesday, vessel tracking data showed, the first such cargo to appear following the Oct. 8 outage of a Finnish-Estonian gas pipeline.The Maran Gas Vergina, carrying U.S. natural gas, docked next to the Exemplar floating storage and regasification unit (FSRU), which was installed late last year to facilitate LNG imports and thus boost Finland's energy security.The cargo belongs to Finnish gas supplier Gasumā¦
Luxury Sailing Ship to be Powered by Ingeteam Electrical Equipment
The French shipyard Chantiers de Atlantique has selected Ingeteam to provide the electric propulsion for the luxury sailing ship Orient Express Silenseas.The ship has solid sails which make it the largest sailing ship in the world. It is one of two vessels that will emulate the famous Orient Express train, enabling more ecological and sustainable navigation via the latest marine technology.The ships belong to Accor Group under the Orient Express brandā¦
TECO 2030 Launches Compact Fuel Cell System
TECO 2030 has launched what it claims to be the worldās most power dense marine and heavy-duty fuel cell module, the FCM400.The FCM400 has already an Approval in Principle from DNV and currently undergoes type approval process for maritime and heavy-duty applications. FCM400 is inherently gas-safe to accommodate easy integration onboard a ship for zero emission energy generation.TECO 2030 says the modular 400kW fuel cell system includes industry leading energy efficiencyā¦
