Baltic Dry Index Surges to 11-year Peak
The Baltic Exchange's main sea freight index soared to its highest in 11 years on Thursday as rates across all vessel segments were lifted by strong demand for dry bulk commodities.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 91 points, or 2.9%, to 3,267, its highest level since June 2010.The capesize index was up 202 points, or 5%, at a one-month high of 4,212.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of c
Callan Marine Building New Cutter Suction Dredge
Callan Marine announced the construction of its newest dredge, an 18” cutter suction dredge named the General Marshall, scheduled to join the Galveston-based dredging contractor’s fleet in late 2022.At 194 feet long and 41 feet wide, the General Marshall will have a maximum digging depth of 60 feet, a dredge pipe diameter of 18 inches, and a 300 horsepower cutter. Manufactured by DSC Dredge in Reserve…
DNV Launches Digital EEXI Calculator
Classification society DNV has launched a new digital tool to support customers in ensuring their compliance with the upcoming Energy Efficiency Existing Ship Index (EEXI).The EEXI regulation is a medium-term component of the International Maritime Organization’s (IMO) roadmap toward reducing global shipping’s carbon intensity by 40% over the next decade, using 2008 as a baseline. The aim is to assess the energy efficiency of existing ships, focusing solely on their design.
Rolls-Royce Outlines Plans for Net Zero Emissions by 2050
Britain's Rolls-Royce, which makes engines for planes and ships, outlined plans to reach net zero emissions by 2050 through investing more in decarbonizing technologies and, in the short term, using more sustainable aviation fuel.Major companies are under increasing pressure from investors and climate change activists to report the emissions that result when customers use their products.Rolls-Royce…
PSE Kinsale Energy Charters Siem Pearl AHTS for P&A Support in Ireland
Norwegian offshore vessel operator Siem Offshore has won a three-month charter for the 91-meters long AHTS vessel Siem Pearl in Ireland.The contract is with PSE Kinsale Energy Ltd…
Senegal Gearing Up for first LNG-powered Electricity
Senegal is set to be partly powered by liquefied natural gas for the first time with the arrival at the capital, Dakar, on Wednesday of a floating gas facility from Singapore, the West African nation's state power company, Senelec, said.The floating storage regasification unit (FSRU) is the result of a joint venture between Japanese shipping company Mitsui OSK Lines Ltd (MOL) and Turkey's Karpowership…
Global Ship Lease to Acquire Four Containerships
Global Ship Lease announced on Wednesday that it has agreed to purchase four 5,470 TEU Panamax containerships with an average age of approximately 11 years for an aggregate purchase price of $148 million.The ships are scheduled for delivery during the third quarter of 2021. The Company expects to fund the purchase price with cash on hand and senior secured debt.On delivery, the ships will be chartered to a liner operator for a firm period of three years each…
Integrated Cable Protection and Stability Systems Offers Life-of-Field Benefits
Balmoral Comtec’s integrated cable protection stability system offers up to 75% reduction in subsea cable movement helping prevent irreversible damage.Read The Full Article Here
Royal Caribbean Delays New Cruise Ship Launch After Crew Tests Positive for COVID-19
Royal Caribbean Group said on Wednesday it would delay the launch of its new cruise liner by nearly a month after eight crew members tested positive for COVID-19, the latest setback in its push to restart the much-awaited U.S. summer trips.Odyssey of the Seas, which was scheduled to sail through the Southern and Western Caribbean from Fort Lauderdale, Florida, will now set sail on July 31 instead of July 3.
UK Ministry of Defense Police Orders 18 High-speed Patrol Boats
Marine Specialized Technology (MST) Group has been announced as the winner in a competitive tender process with the U.K. MOD Defense Equipment & Support Organization (DE&S) to supply 18 high-speed patrol craft to the U.K. Ministry of Defense Police (MDP) and Gibraltar Defense Police (GDP). The five year contract is worth £36 million ($50.4 millon).The vessels, designed by MST in partnership with BMT…
Bollinger Wins Preliminary Design Contract for US Navy’s Light Amphibious Warship
Bollinger Shipyards announced on Wednesday that it has been awarded a contract by the U.S. Naval Sea Systems Command to conduct a concept study and the preliminary design of the U.S.
Keel Laid for First Russian-built Arc7 LNG Carrier
Russian shipbuilder Zvezda Shipbuilding Complex on Tuesday held a keel laying ceremony for a new Arctic liquefied natural gas (LNG) carrier ordered by compatriot shipowner PAO Sovcomflot (SCF Group).The newbuild is the lead vessel in a series of 15 carriers ordered from Zvezda for servicing the Arctic LNG 2 project. She is the first-ever vessel of such dimensions, cargo capacity and icebreaking capabilities to be constructed at a Russian shipyard.The series' lead ship will be owned by SCF…
GTT to Design Tanks for Four New LNG Carriers
French engineering firm GTT announced on Wednesday that it has received an order from Korean shipyard Hyundai Heavy Industries (HHI) for the tank design of four…
Meyer Turku Begins Building Royal Caribbean's Next Cruise Ship
Finnish shipbuilder Meyer Turku on Monday commenced production of Royal Caribbean International's next cruise ship Icon of the Seas. The start of production and the revealing of the ship’s name were celebrated at the shipyard's plate hall, where Meyer Turku CEO Tim Meyer, Chairman of the Board of Meyer Turku , Bernard Meyer, Chairman and CEO of Royal Caribbean Group, Richard Fain, and Harri Kulovaara, Executive Vice President of Maritime & Newbuilds, were present.
A Mini-Tractor for the US Navy
Moduteh Marine, of Tacoma, Wash., has gained recognition on meeting the stringent conditions of military contracts. In 2020 they completed a contract to build a fleet of five small tugs. These carry the military designation Work Boat Docking.“The mission of the CNIC Work Boat Docking (WB Docking) is to provide waterborne support at U.S. Navy Installations,” said Modutech’s Brian Swindahl. “The boats…
Multimission Vessels: Interest Across All Sectors
The development and construction of multimission vessels (MMVs) remains active across the maritime market.The ability to perform multiple tasks when those different duties are needed is central to an MMV’s value. Multimission capabilities mean that an expensive asset doesn’t sit idle when it isn’t being used for a singular purpose, such as firefighting. This is particularly important for public sector officials who have to weigh costs and benefits across a wide range of demands…
Dongara Marine Delivers Its First Rescue RIB
The first newbuild rigid inflatable boat (RIB) built by Dongara Marine has entered into service, heralding a raft of government and RIB contracts for the Western Australian boatbuilder.The newbuild, Cape Rose, was completed at the end of last year and has been operating for Marine Rescue Shark Bay since delivery to Denham in early in 2021. It has replaced a response vessel that had serviced the Western Australia (WA) coastline for more than 20 years…
San Pedro Bay Ports Struggle to Keep Up with Record Box Flow
The ports of Los Angeles and Long Beach continue their record-breaking start to the year, exceeding pre-pandemic records again and again. Already under pressure to handle a throughput that has broken the pre-pandemic record every month for 11 months in a row, practically all ports in the US will have to continue to run fast to keep up, as peak season starts breathing down their necks.In May, loaded imports and total throughput in both ports broke their previous highs.
Cobham Launches 'Next-gen' Antenna Platform
The SAILOR 1000 XTR Ku is the first of a new generation of software-controlled antenna systems in the Cobham SATCOM new SAILOR XTRTM antenna platform line.SAILOR XTRTM integrates SAILOR VSAT technology into a new platform with new software and electronic capabilities that prepare it to operate in future satellite constellations in LEO, MEO, GEO and HEO orbits. The one-meter antenna has a new simplified…
Autonomous Energy Plant ICCP-POD Launched
A new solution is designed to offer an environmentally friendly alternative to using diesel generators to supply energy during the construction phase of wind turbines, and sacrificial anodes to protect turbine foundations against corrosion.The ICCP-POD combines two advanced technologies. The EnergyPod, developed by Amphibious Energy, is an easy-to-transport autonomous energy plant that uses sun, wind…
