Ship Recycling Prices, Activity Remain at Historic Highs, say GMS CEO
Dr. Anil Sharma, CEO and founder of GMS, is a dominate player in the world’s ship recycling business. MR TV caught up with him in late June 2021 for insights on the pace and direction of ship recycling activity and pricing.Dr. Sharma, to start, can you give us an overview of the ship recycling market as you see it today?Thank you, Greg. Let's start with prices because that's the news of the hour. Today we are at about 70% of record numbers in the ship recycling market.
Cyprus to Vaccinate All Seafarers on Flagged & Managed Ships
The Cyprus Shipping Deputy Ministry (SDM) has issued a circular outlining plans to provide COVID-19 vaccinations to all seafarers on Cyprus-flagged and Cyprus-managed vessels as the island nation also explores the potential to become a vaccination hub for all visiting seafarers.Vaccines will be administered by qualified medical staff to all seafarers working on board Cyprus-flagged ships, irrespective of the location of the vessel…
Future Fuels: Stena Germanica makes run on 'Blue Methanol'
In 2015 Stena Line converted the 240-m Stena Germanica to become the world’s first methanol powered ferry. Fast forward six years and the Swedish ferry company has achieved another world first, powering Stena Germanica with methanol recycled from residual steel gases powering the ship this week on its trip from Sweden to Germany.Dubbed ‘Blue Methanol’, the fuel is recycled from residual steel gases…
Royal Thai Navy signs on for a new RAmparts 3200-SD Tug
A contract for a new RAmparts 3200-SD tug was recently signed by Robert Allan Ltd. and Asian Marine Services Public Company Limited (ASIMAR) of Thailand for the design for the Royal Thai Navy. ASIMAR signed the construction contract with the Royal Thai Navy on May 25th, 2021, with Admiral Chatchai Sriworakan, Commander in Chief presiding over the signing ceremony.The Royal Thai Navy currently operates two RAmparts 3200 tugs…
Pertamina Shipping Unit to Spend $4 Billion on Fleet Upgrades
Indonesia's state oil company Pertamina's new unit, Pertamina International Shipping (PIS), is looking to spend $4 billion in the next seven years to refurbish its…
Seismic Firm Polarcus Set for Business Wind-down, Delisting from Oslo Exchange
Polarcus Limited, a seismic surveyor in liquidation, is set to be wound down and delisted from the Oslo Stock Exchange.As previously reported, in January this year…
Royal Caribbean Says Passengers Test Positive for COVID-19
Royal Caribbean Group said on Thursday two guests on its cruise liner, Adventure of the Seas, had tested positive for COVID-19.Both guests were not vaccinated and had been quarantined before they disembarked on Thursday in Freeport, The Bahamas, Royal Caribbean International, a unit of the company clarified in a statement.The news comes a week after the company said it would delay the launch of its…
Russia Warns Britain It Will Bomb Ships Next Time
Russia warned Britain on Thursday that it would bomb British naval vessels in the Black Sea if there were any further provocative actions by the British navy off the coast of Russia-annexed Crimea.Russia summoned the British ambassador in Moscow for a formal diplomatic scolding after the warship breached what the Kremlin says are its territorial waters but which Britain and most of the world say belong to Ukraine.Britain said Russia was giving an inaccurate account of the incident.
New ATB Handed Over to Crowley
Crowley said it recently took delivery of its new 55,000-barrel, articulated tug-barge (ATB), the Aurora/Qamun. The 410-foot vessel is the second ATB in Crowley’s fleet, after the Aveogan/Oliver Leavitt, to be dedicated to the Alaska market. The ATB is specially designed to add efficiency and range to transport clean petroleum products for Crowley Fuels, the company’s Alaska-based business unit.“This…
Ever Given Operator Says More Time Needed for Ship Release
The operator of a giant cargo ship that blocked the Suez Canal in March said on Thursday that it would take more time for the vessel to be released from detainment while a final agreement with Egyptian authorities was being concluded.The Japanese owners and insurers of the ship were locked in a compensation dispute with the Suez Canal Authority (SCA), but announced on Wednesday that an agreement in principle had been reached."It may take some further time for the agreement to be concluded…
Havyard Delivers Another Offshore Wind Service Vessel to Esvagt
Norway-based Havyard Leirivik said Thursday it had handed over a new wind farm service vessel to the Danish shipowner Esvagt.The vessel named ‘Alba’ is the second in a series of three vessels.Havyard's Norwegian Electric Systems has delivered the bridge solution and automation and electric power systems on board. Norwegian Greentech has provided a system for the treatment of ballast water, while HAV…
Helsinki Shipyard Launches First Cruise Ship for Swan Hellenic
Finnish shipbuilder Helsinki Shipyard said it has launched the fist of three new luxury expedition cruise ships it is building for Swan Hellenic.At the same time, the hull of the second ship, which already has a ship shape, was floated in the dry dock, while the production of the third vessel in the series started earlier this month.The first of the ships under construction is scheduled to be handed over to its owner in Fall 2021…
Tech File: Ship Propeller Cleaning with Non-Abrasive Diver Tool
DynaFlow's underwater jet cleaning diver tool is designed to reduce propeller fouling removal maintenance time and without being abrasive to the propeller blades.The company second generation Dynajets Non-Abrasive Diver Tool (NADT) is designed to be small, lightweight and quiet.The NADT uses resonating and cavitating jet nozzles in a rotating head housed in a shroud that protects the surface being cleaned and reduces the noise.
Eastern Shipbuilding Inks Material and Labor Deal for OPC Builds
Eastern Shipbuilding Group, Inc. (ESG) said it has signed an exclusive partnership agreement with Louisiana’s Bayou Metal Supply to provide material and labor in support of the production of the U.S. Coast Guard Offshore Patrol Cutter (OPC) Program. ESG is the prime contractor of the OPC program and landed this exclusive materials and labor relationship to strengthen its bid for Stage II of the program…
COSCO, Dalian Exchange Ink Pact on Shipping Futures
China's COSCO Shipping Group and the Dalian Commodity Exchange (DCE) have signed an agreement to jointly work on developing shipping derivatives such as container capacity futures, according to an article posted by the bourse on Thursday.China's largest shipping line has been talking to the DCE for years about shipping futures.
Wärtsilä to Supply Propulsion System for GEV's Hydrogen Vessel
The technology group Wärtsilä has signed a Memorandum of Understanding (MOU) with Global Energy Ventures (GEV) of Australia, a company specialized in delivering compressed shipping solutions for transporting energy to regional markets. The two companies will cooperate on the inclusion of Wärtsilä propulsion systems in GEV’s compressed hydrogen (C-H2) ships. The MOU was signed in Sydney, Australia.The…
Final Autonomous Minehunting Boat Delivered to UK Royal Navy
The British Royal Navy said it has taken delivery of its third and final autonomous minehunting boat.RNMB Hebe, named after the ancient Greek goddess of youth, joins sister vessels Harrier and Hazard as part of the Royal Navy’s crewless minehunting program Project Wilton. Together, the three vessels are key components in the future of minehunting operations for the navy. The boats are capable of working in different configurations – manually…
Fincantieri Hosts Coin Ceremony for MSC's Next Cruise Ship
A coin ceremony for MSC Cruises’ second Seaside EVO class ship was held on Thursday at Fincantieri’s shipyard in Monfalcone, Italy where the keel was laid. The name of the new ship was revealed – MSC Seascape.The newbuild, like her sister ship MSC Seashore, is further evolution of the Seaside class – the Seaside EVO ships are enhanced and extended with a variety of brand-new features, spaces and experiences for guests.
Rolls-Royce, MAN Ink Deal on Turbochargers
Rolls-Royce and MAN Energy Solutions signed an agreement for a strategic partnership that will see MAN's PBST brand distribute mtu turbochargers. "With this cooperation, we are combining our competencies - on the one hand, PBST's global sales structure for turbochargers and, on the other hand, Rolls-Royce's latest high-efficiency mtu turbocharger technology for high-speed diesel and gas engines," explains Andreas Schell, CEO of Rolls-Royce Power Systems.
Shipbuilding Numbers Stay Suppressed; Containerships Remain a Bright Spot
The world fleet is projected to grow by 6.4% over the coming five years, down from 7.4% in previous five years, says shipping organization BIMCO.Global shipyards are under pressure and 2021 is turning out to bring the third lowest level of newbuilding orders in 12 years, despite new orders for containerships currently at a 14-year high.Also under pressure are seafarers who, during the pandemic, have…
