Maritime Industry Top News
Monjasa Begins Bunkering Operations in Singapore
Marine fuels trader and supplier Monjasa announced it has commenced supply operations in the Port of Singapore, the worldās largest bunkering hub.The Danish-based company said its Singapore operation now has one tanker in full service and that it expects to add two more tankers later this year.Morten Østergaard Jacobsen, Managing Director Asia, said, āComing from 15 years as a trading company in Singapore, Monjasa is all set to embrace this new opportunity of controlling tonnage as well.
Solstad Offshore Wraps $580M Sale of PSV Fleet to Tidewater, Exiting the Business
Norwegian offshore vessel operator Solstad Offshore has officially exited the platform supply vessel business.Namely, the company on Wednesday completed the sale of its PSV fleet to the U.S. offshore vessel firm Tidewater for approximately $580 million. The transaction, first announced in March, was completed Wednesday, with all 37 platform supply vessels, primarily used for transporting essential supplies and equipment to offshore oil and gas platforms and drilling rigsā¦
Yang Ming Orders Five New Box Ships
Taiwanese container shipping company Yang Ming Marine Transport Corp. announced it has ordered five liquefied natural gas (LNG) dual-fuel containerships from South Korean shipbuilder HD Hyundai Heavy Industries Co., Ltd. The 15,500 TEU newbuilds are scheduled to be delivered in 2026. Each will be equipped with high-pressure LNG dual fuel main engines and ballast water treatment systems. In additionā¦
Costamare Names Peter Lund Chief Commercial Officer
Shipowner Costamare has appointed Peter Lund as Chief Commercial Officer. He is expected to take up his position with Costamare in October 2023.Lund is currently Vice Presidentā¦
Shots Fired at Oil Tanker in Gulf
Shots were fired at a tanker in the Gulf on Wednesday in an interaction with an unspecified country's security forces, a British maritime body said, the latest incidentā¦
Edda Boreas CSOV Starts Dogger Bank Contract
Edda Wind's recently delivered Edda Boreas Commissioning Service Operation Vessel (CSOV) has started the contract to support commissioning operations at the worldās largest offshore wind farm - the Dogger Bank Offshore Wind Farm in the UK - for the next two years. The giant Dogger Bank offshore wind farm is being built in three consecutive 1.2GW phases; Dogger Bank A, Dogger Bank B, and Dogger Bank C.
Ørsted Advances Green Fuel Transition with Second Methanol-Powered SOV
Denmark-based offshore wind developer Ørsted and offshore vessel owner ESVAGT have signed a second contract for a methanol-powered vessel.Ørsted and ESVAGT have signed an agreement for a sister vessel to the worldās first methanol-powered service operation vessel (SOV), which was announced in 2022.The SOV will be ready for launch in 2026, operating out of Ørstedās UK East Coast Hub on a 10-year contract.
UN Secretary-General Encourages MEPC 80 to Aim for Net-Zero
UN Secretary-General António Guterres sent a video message to MEPC 80 saying: āHumanity is in dangerous waters on climate, but the decisions you take over the coming days could help us chart a safer course."Science tells us it is still possible to limit global temperature rise to 1.5°C. But, it requires an immense and immediate global effort. And shipping, which accounts for almost 3% of global emissionsā¦
Volvo Cars Switches to Biofuels for Ocean Freight
Volvo Cars has announced that it is switching delivery of its production material to container ships using renewable biofuel.The company will use renewable fuel for inbound ocean container transport of production material destined for manufacturing plants based in Europe and the Americas, as well as all spare parts distribution made globally by ocean container transport.Volvo Cars says that it is theā¦
Cold Water Can Kill in Minutes
The UK Marine Accident Investigation Branch (MAIB) has highlighted that, on average, crew have under 11 minutes to recover someone who has fallen overboard into cold water before they become unresponsive.An analysis of 20 accidents that occurred between 2017 and 2021 shows that the time decreases as the water becomes colder or the sea state rougher. In some cases, crew had just four or five minutes to coordinate a complex recovery.When examining the rate of successful recoveriesā¦
UK Includes Domestic Shipping in ETS
The UK Emissions Trading Scheme Authority (UK ETS) ā has announced that the scheme will be expanded to include domestic maritime transport from 2026.The scheme will be applicable to vessels of 5,000 gross tons or higher.The UK ETS is run by a joint body comprising the UK Government, Scottish Government, Welsh Government and the Department of Agriculture, Environment and Rural Affairs in Northern Ireland.The UK ETS was launched in 2021 to replace the UKās participation in the EU ETS.
AI-Based Semi-Autonomous Voyage Planning System Tested
Yara Marine Technologies, artificial intelligence (AI) application developers Molflow, Chalmers University of Technology and social science specialists from Halmstad University and Gothenburg University have collaborated over three years to develop and trial an AI-based semi-autonomous voyage planning system.Initiated in August 2020, the Via Kaizen project explores how AI and machine learning can enable more energy-efficient voyage planning for ship operators.
MPA Singapore and LR Sign āSilk Allianceā MoU
Lloydās Register Maritime Decarbonisation Hub and the Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) aimed at collaborating on a fleet-specific decarbonisation strategy for āThe Silk Allianceā cross-industry initiative to enable zero-emission shipping across the Indian and Pacific Oceans.The collaboration includes driving investments into scalable fuelā¦
WinGD CEO to Step Down
The current CEO of WinGD, Klaus Heim, will step down from his role effective July 31, 2023.The Board of Directors has appointed Dominik Schneiter as the Acting CEO, effective July 1, 2023. Schneiter brings over three decades of industry experience to the role, having served as WinGD's VP of Research and Development for the last seven years.āI am honoured to be entrusted with the responsibility of leading WinGD as we navigate the evolving landscape of the shipping industry,ā said Schneiter.
Methanol Beats LNG in June Newbuilding Orders
According to the latest figures from DNVās Alternative Fuels Insight (AFI) platform, 55 vessels with alternative fuel propulsion were ordered in June.Of these 26 were orders for LNG fuelled vessels and 29 for methanol powered vessels (including retrofits). So far this year the total order figure for alternative fuel vessels stands at 128. The container segment continues to be the main driver of growthā¦
HD Hyundai Begins Construction of Engine Factory in Saudi Arabia
A joint venture between HD Korea Shipbuilding & Offshore Engineering, Saudi Arabian Development and Saudi Arabian Industrial Investments has held a groundbreaking ceremony for an engine factory in Saudi Arabia.The engine plant will be built in an area of 150,000 square meters in the King Salman Global Maritime Industries Complex in Ras Al-Khair near Jubail, a city in the eastern province of Saudi Arabia.
Baltic Index Hits Multi-week Low on Retreat for Larger Vessels
The Baltic Exchange's main sea freight index on Tuesday fell to its lowest level in nearly four weeks, pressured by a dip in the larger capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 24 points, or 2.3%, to 1,044 - its lowest level since June 8. The capesize index dipped 50 points, or 3%, to 1,601, declining for the seventh straight session.
RH Marine to Provide Technology for New ASW Frigate Quartet Destined for Dutch, Belgian Navies
Damen Naval, a naval shipbuilding division of the Dutch Damen Shipyards Group, has signed a contract with the first Dutch supplier for the four new Anti-Submarine Warfare (ASW) Frigates to be built for the Dutch and Belgian Navies. Netherlands-based RH Marine will supply the Integrated Mission Management System (IMMS), the Integrated Navigation Bridge System (INBS), and the Integrated Platform Management System (IPMS) for each of the four frigates for the Dutch and Belgian Navies.
Russia's Seaborne Diesel Exports Rise in June as Maintenance Eases
Russia's seaborne diesel and gasoil exports in June rose by 13% from a month earlier to about 3.6 million tonnes as seasonal refineries maintenance eased, data from traders and Refinitiv Eikon showed.
NYK Joins Global Centre for Maritime Decarbonization
The Global Centre for Maritime Decarbonisation (GCMD) and Nippon Yusen Kabushiki Kaisha (NYK) have announced the signing of a five-year Strategic Partnership agreement.The partnership boosts the center's efforts to conduct pilots and trials of low-carbon solutions for the global shipping industry.Japan is one of the top three shipowning countries in the world, and Japanese merchant vessels account for around 11% of world tonnage.
