Maritime Industry Top News
Maersk Wins Second U.S. Contract for Its Wind Turbine Installation Vessel
Danish offshore services company Maersk Supply Service has won its second offshore wind installation contract in the U.S. The company, best known for its offshore support vessels, in March ordered a wind turbine installation vessel, and won its first contract with Equinor and BP to install turbines at the Empire Wind project in the U.S.Now, Maersk Supply Service has won a deal to install the wind turbines at the Beacon Wind farm off the U.S.
HMM to Invest $11.5 Billion Over Five Years for Expansion
HMM Co Ltd, South Korea's largest container shipping company by sales, said on Thursday it plans to invest 15 trillion won ($11.46 billion) over the next five years to sharply increase its capacity.HMM plans to expand its shipping capacity to 1.2 million 20-foot equivalent units (TEU) from the current 820,000 TEU by 2026 and increase the number of bulk carriers to 55 from 29.
China's Exports Rebound, But Global Risks Darken Trade Outlook
China's exports rose at the fastest pace in five months in June as factories revved up after the lifting of COVID lockowns, but a sharp slowdown in imports, fresh virus flare-ups and a darkening global outlook pointed to a bumpy road ahead for the economy.Analysts say the rebound in exports reflected an easing of supply chain disruptions and port congestion that hammered the world's second-largest…
Mike Rodriguez to Complete Tenure as Interim Director of MITAGS
On August 1, Interim Director of MITAGS, Mike Rodriguez, will be returning to his position as a part-time MITAGS faculty member."Working as I have with everyone at MITAGS has been a great experience for me,” Rodriguez said. “The MITAGS West team are innovative. Our conference team is smart and determined. Our operations folks just make it happen every day. Our instructors are knowledgeable and dedicated.
Fairbanks Morse Launches Training and Service Center in Chesapeake
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, is launching a 45,000-square-foot training and service center campus in Chesapeake, Va. The defense contractor will move its existing service center from Norfolk, Va., to the Chesapeake campus to add a state-of-the-art training facility and further expand advanced service support for its customers. The move represents…
Miller Boat Line Adds New Ferry Mary Ann Market
Ohio-based Miller Boat Line has taken delivery of its newest passenger and vehicle ferry Mary Ann Market from Fincantieri Bay Shipbuilding.The ferry left the Sturgeon Bay, Wis. shipyard on July 8 and arrived to her home port Put-in-Bay, on Ohio's South Bass Island, on July 10. The vessel is expected to enter service following its U.S. Coast Guard inspection later this month.The newbuild is named in honor of the company's late owner Mary Ann Market (1935-2010)…
Olympic Orders Up to Four CSOVs from Ulstein Verft
Norwegian shipbuilder Ulstein Verft AS said it has secured a contract from Norway-based Olympic to build two Construction Service Operation Vessels (CSOVs), with options for two additional vessels.The vessels, which are based on the ULSTEIN SX222 design with TWIN X-STERN from Ulstein Design & Solutions AS, will be 89.6 meters long with a 19.2-meter beam, able to accommodate 126 people in 91 cabins.
Oil Tanker Owners Frontline and Euronav Sign Merger Deal
Frontline and rival Euronav have signed an all-stock merger deal to create a market-leading oil tanker group with 146 vessels including 68 very large crude carriers (VLCCs), the companies said on Monday.The firms, which expect the merged company to have a market capitalization of more than $4 billion and the merger to generate synergies of at least $60 million a year, first announced their intention to merge on April 7.
One Million Gallons Collected from US' Longest Running Oil Spill
Response crews have collected more than one million gallons of oil from a Gulf of Mexico spill that has been ongoing for nearly 20 years.The U.S. Coast Guard (USCG) and partner agencies have been working to contain oil that continues to leak from damaged wells in Mississippi Canyon Block 20 (MC-20), located 11 miles south of the Louisiana shoreline, after storm surge from Hurricane Ivan in 2004 triggered an underwater mudslide that toppled Taylor Energy's MC-20 platform.
VIDEO: Berge Bulk to Install Anemoi Rotor Sails on Two Dry Bulk Vessels
Singapore-based dry bulk owner Berge Bulk has signed a deal with wind-assisted propulsion firm Anemoi Marine Technologies to supply and fit two vessels in their dry bulk fleet with Anemoi Rotor Sails.Rotor Sails are large mechanical sails that harness the renewable power of the wind to reduce emissions and fuel consumption on commercial ships when driven to spin. Anemoi predicts that the four-rotor system will save Berge Bulk 1200-1500 metric tons of fuel per vessel each year.The first vessel…
Ukraine Ministry: Ships Passing Through Danube Bystre Rivermouth
Ukraine's infrastructure ministry said in a statement Tuesday that 16 ships had passed through the Danube's newly-reopened Bystre rivermouth in the last four days and that the opening up of the Bystre was an important step towards speeding up grain exports.Ukraine was also negotiating with Romanian colleagues and European Commission representatives about increasing crossings through the Sulina canal, Yuriy Vaskov, deputy infrastructure minister, said in the statement.Under such conditions, and w
Russia's LPG Exporters to Use Georgia's Poti Port
Russian exporters will start shipping supplies of liquefied petroleum gas (LPG) to Bulgaria via Georgia's Black Sea port of Poti in July as traditional export routes remain closed, according to traders and Refinitiv Eikon statistics.Russia stopped supplying LPG to Ukraine on Feb. 24, when Russia sent troops into the country in what Moscow calls a "special military operation", and has also stopped LPG rail transit to Romania…
Gladding-Hearn Delivers New Launch to Michigan Pilots
Somerset, Mass. shipbuilder Gladding-Hearn Shipbuilding, Duclos Corporation, said it has delivered by road transport a new pilot boat to the Lake Pilots in Port Huron, Mich. The Resilient Class high-speed launch Huron Pride is the pilots’ third boat built by the Somerset-Mass. shipyard since 1979.Designed by Ray Hunt Design, the jet-driven, all-aluminum launch measures 42.5 feet overall. It has a 14-foot beam and a shoal 2.5-foot draft.
Could the US Ship More LNG to Europe?
The United States, the world's top natural gas producer, wants to send more liquefied natural gas (LNG) to Europe to help its allies break their dependence on Russian gas after Moscow invaded Ukraine on Feb. 24.But U.S. exports are limited by the country's liquefaction capacity and an ongoing outage at Freeport LNG's plant after the second-biggest U.S. LNG export facility was hit by fire in June.Russia…
Danfoss to Power France's New Hybrid-electric Buoy-laying Vessel
Danfoss Power Solutions’ Editron division will power a new hybrid-electric buoy-laying vessel for the Armement des Phares et Balises, the French government’s department responsible for signaling dangers and marking shipping routes along the French coast. The vessel will be used to maintain and replace navigational buoys around the island of Corsica.In 2019, the French Inter-Ministerial Committee for the Sea committed to a series of measures aiming to decarbonize its marine industry.
Global Ports Terminates Sale Talks with Shipping Firm MSC
Global Ports Holding Plc said on Tuesday it had terminated talks with Swiss-based MSC Mediterranean Shipping Company which had approached the world's largest cruise port operator to acquire it, adding it was confident about its strategic direction.SAS Shipping Agencies, a unit of MSC confirmed that it does not intend to make an offer for Global Ports, which is owned by Turkish businessman Mehmet Kutman.Shares of London-listed GPH were down 16.7% at 95 pence as of 1115 GMT.(Reuters - Reporting by
Fincantieri Bags 'Ultra-luxury' Cruise Ship Order
Italian shipbuilding group Fincantieri said it has secured a contract to build up to three "ultra-luxury" cruise ships for an unnamed international buyer.The €1.2 billion deal is for one vessel to be delivered by the end of 2025, with options for two additional vessels, Fincantieri said.Fincantieri did not share any specifics about the cruise ships' size and technical details.The cruise ship order is one of only a handful placed since the cruise industry was derailed by the COVID-19 pandemic…
US Urges China to End 'Provocative' Behavior in South China Sea
Washington will defend treaty ally the Philippines if its forces are attacked in the South China Sea, U.S. Secretary of State Antony Blinken has said, urging China to follow international law and cease "provocative behavior" in the busy waterway.Blinken made the comments on Monday, the sixth anniversary of a ruling by an international tribunal that invalidated China's sweeping claims to the South China Sea…
Swire Projects Expands MPP Fleet
Swire Shipping's projects business unit Swire Projects has entered into a long-term agreement with shipowner R. Braren for the charter of three handysize multipurpose (MPP) vessels.
NYK Line, IPS Get ClassNK AiP for Ammonia-fueled Tugboat
Japanese classification society ClassNK has granted its Approval in Principle for NYK Line and IHI Power Systems's (IPS) ammonia-fueled tugboat currently being jointly researched and developed. This R&D is part of the Green Innovation Fund project within Japan’s New Energy and Industrial Technology Development Organization (NEDO) for the development of vessels equipped with a domestically produced ammonia-fueled engine…
