Maritime Industry Top News
Keppel to Deliver Guyana-bound 'Mega' FPSO to SBM Offshore in 1Q
Singapore's Keppel Offshore & Marine said Wednesday it was on track to deliver a "mega" floating production, storage, and offloading vessel (FPSO) to SBM Offshore in the first quarter of 2023. This is the third FPSO that Keppel Shipyard is delivering to SBM Offshore and will be chartered to the consortium of ExxonMobil, CNOOC, and Hess, to operate in the Stabroek Block, offshore Guyana. The vessel was named Prosperity FPSO by Guest of Honour…
WindServe Marine Secures Loan for Offshore Wind CTV Construction
WindServe Marine, a U.S. offshore wind support services company, has secured a loan from The Washington Trust Company, for the construction of three new 88-foot crew transfer vessels (CTV), recently commissioned by Ørsted, the largest offshore wind developer in the world. "Washington Trust was founded on the southwestern shoreline of Rhode Island and as a good corporate citizen, we are committed to protecting and preserving the local environment.
Dalian Coking Coal Slumps as Traders Eye Australian Supply
Chinese coking coal futures extended losses to hit their lowest in four weeks on Wednesday, as traders kept an eye on a batch of Australian coal cargoes expected to arrive soon in top steel producer China.Rising Chinese steel inventories also weighed on overall market sentiment, analysts said.China is seen gradually resuming Australian coal imports, having eased an unofficial trade ban imposed in 2020…
'Party is over': Hapag Lloyd CEO Says Freight Rates to Keep Declining
Container freight rates will keep declining in the current realignment of shipping demand and supply, said the chief executive of Germany's liner Hapag Lloyd, the world's number five by transport capacity."The party is over. We are back to a normal shipping business," CEO Rolf Habben Jansen told reporters at a briefing late on Tuesday on the state of the market, in which his company reported sky-high profits for three years running."Now we have to fight for every box again to get our ships full…
Analysis: Container Shipping and Falling U.S. Retail Sales
“Despite falling 1.1% m/m in both November and December, US retail sales volumes remain 13% above 2019 levels and 6% higher than the pre-COVID trend. However, sales volumes could return to trend during 2023 and thereby pose a risk for Asia to North America container volumes,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Supported by COVID stimulus packages and mobility restrictions limiting spending on services…
As Ice Recedes, Italian Ship Makes Record Journey into Antarctic
An Italian ice-breaker carrying scientists researching in the Antarctic has sailed further south than any ship has done before, the organizers of the voyage said on Tuesday, a further sign of how ice is retreating around the poles.The Laura Bassi vessel reached a point with the coordinates of 78° 44.280 S in the Bay of Whales in the Ross Sea, according to Italy’s National Institute of Oceanography and Applied Geophysics.The voyage was made possible by an unusual lack of ice in the area, it said.
UK Navy Buys Mine-hunting ‘Mother Ship’
A specialist ship purchased by the U.K. Royal Navy to support mine-hunting operations has arrived in Plymouth.When deployed, the vessel will be based at Naval Base Clyde and used as a mother ship tp support the safeguarding of U.K. waters from the threat of mines at sea, operating a range of uncrewed systems that will help keep personnel at a safe distance under Project Wilton.Purchased from Norway's Island Offshore…
Irish Ferries Taps Armada for Hull Air Lubrication System
Armada Technologies announced that Irish Ferries has contracted for a feasibility study and integration engineering for the Armada ‘passive air lubrication system’…
Western Tankers Ramp Up Russian Oil Shipments
Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow's flagship Urals grade held below an international price cap, according to market sources and Eikon data.The Group of Seven nations (G7), Australia and the 27 European Union countries placed a price limit on Russian crude oil of $60 per barrel on Dec. 5.The cap allows non-EU countries to import seaborne Russian crude oil…
Exxon Banks Record $56B Profit in '22
Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion. The scale has renewed criticism…
Offshore Wind: Floating Wind is the Future
$3 billion forecast to be invested in new anchor handlers to meet floating wind demand.Floating wind is an emerging technology. Currently being tested in small scale demonstration and pilot projects, global floating wind commissioned capacity at the end of 2022 was less than 200 MW. By 2030, close to 11 GW of commercial scale wind farms are planned to be commissioned in Europe and the Asia Pacific Region.
Greensea Launches OPENSEA Edge
Designed for military use but now available commercially, OPENSEA Edge is designed to be a modular edge computing module with perception support for autonomous underwater robots based on Greensea’s OPENSEA open architecture software platform, advancing ocean robotics into the next generation.Greensea launched its latest product which the company says promises to bring true autonomy to ocean robotics.Based on Greensea’s open architecture platform OPENSEA…
Q&A: Ballast Water Management Market Matures
Since the ballast water management system discussion started nearly two decades ago, a clear concern was the ability to fit new equipment on existing ships, placing a strain on both space and power. Last month we caught up with a few key suppliers to for their insights on market development.How many BWMS have you sold and installed to date?Maxime Dedeurwaerder, BIO-UV GroupLast year has proven to be the best on record, with roughly 200 BIO-Sea units delivered.
Stadt Naval inks Deal to Design and Deliver Naval Vessel Powertrain
Stadt Naval, headquartered in Gjerdsvika, Norway, signed a contract to design and supply complete electric propulsion solutions for series of new naval ships for an unnammed NATO country, the biggest contract in the company's history.Stadt's technology operates in STEALTH mode with guaranteed no electrical interference and no acoustic switching noise. This contributes to low underwater radiated noise (URN), and low signature for any vessel.
Log-In Logística Intermodal taps Nautilus Labs for Digital Solutions
Brazil-based Log-In Logística Intermodal are working with Nautilus Labs to achieve reductions in fuel consumption and carbon emissions, optimized operations, and successful digital adoption across the latter’s organization.“We chose to partner with Nautilus with the goals of streamlining and unifying vessel data, achieving quantifiable fuel savings and reduced emissions, and increasing transparency and collaboration among internal stakeholders…
Titan Acquires Pair of LNG Carriers for Bunkering Capability Retrofit
Titan, the independent supplier of low and zero-emission fuels, acquired two small scale LNG carriers – the Seapeak Unikum and Seapeak Vision – from Seapeak, the Canadian gas transportation company formerly known as Teekay LNG Partners. The vessels will be retrofitted to ensure suitable LNG bunkering capabilities, enabling them to both transport and bunker LNG, liquefied biomethane (LBM), and in the longer-term hydrogen derived e-methane (e-LNG).Both sister vessels have a cargo capacity of 12…
Marlink Comms Solutions for 102 Miclyn Express Offshore Vessels
Marlink, a global provider of satellite and digital communication solutions, is implementing a fleet-wide migration of its smart managed network solution for offshore vessel operator Miclyn Express Offshore (MEO Group) to support its ongoing digitalization program. Under a contract of an undisclosed value, Marlink said it would outfit 102 MEO Group vessels with its Sealink VSAT solution, providing high throughput connectivity across the fleet…
First Australian Coal Heads to China After End of Ban
China is set to receive at least two cargoes of Australian coal in early February, according to traders and shiptracking data, the first since an unofficial ban…
Japan's Marubeni Starts Commercial Ops at Akita Offshore Wind Farm
Japanese trading firm Marubeni Corp started commercial operation based on the feed-in tariff program for renewable energy at Akita Port offshore wind farm on Tuesday, it said in a statement.Japan's offshore wind power market, part of the country's goal to be carbon neutral by 2050, is set to grow as the government eyes installingup to 10 GWof offshore wind capacity by 2030, and up to 45 GW by 2040.Marubeni's…
Delta-shaped Foundation for Giant Floating Wind Turbines Gets ABS Approval
The American Bureau of Shipping (ABS) has approved in principle the Bassoe D-Floater, a floating offshore wind turbine foundation.It is said that the Bassoe D-Floater foundations will be able to handle 15 megawatt offshore turbines, which will be among the world's largest. Apart from prototypes being tested onshore, there are no 15 MW turbines installed offshore as of yet. They can be as tall as the Eiffel Tower and can weigh upwards of 2…
