Royal IHC Sheds Diving, Hyperbaric Division
Royal IHC announced that on the December 24, 2021, it sold IHC Hytech B.V. (Hytech) to private investors who have established Pommec Hytech Holding B.V. Buyers plan…
Wakashio Captain and First Officer Sentenced
Two officers from a bulk carrier that ran aground and broke apart atop a coral reef off Mauritius have been sentenced for endangering safe navigation.Sunil Kumar Nandeshwar, captain of the Japanese-owned Wakashio, and the ship's first officer Hitihanillage Subhoda Janendra Tilakaratna pleaded guilty under the 2007 Merchant shipping act by a court in Port Louis. The two men, having both been held since August 2020…
USCG Announces New Fire Safety Rules for Passenger Vessels
The U.S. Coast Guard announced in the Federal Register that it is issuing an interim rule as the first step to implementing the statutorily mandated requirements for fire safety on certain covered small passenger vessels. This statutory mandate is in response to the fire and loss of life on the dive boat Conception off the coast of California on September 2, 2019. This interim rule adds additional fire safety requirements for small passenger vessels…
Havila Lines Up PSV Charters
Norwegian offshore vessel owner Havila Shipping this week announced it has been awarded two separate platform supply vessel (PSV) charter contracts.On Monday, the…
The Push for "Green" Ships will Keep Ocean Freight Costs High
Ocean freight costs are likely to remain high in 2022 as investors and regulators scramble to accelerate decarbonization of the shipping industry and companies grapple with green financing, sources say.Shipping, which transports about 90% of world trade and accounts for nearly 3% of the world's CO2 emissions, is under growing pressure from environmentalists to deliver more concrete action including a carbon levy.The International Maritime Organization (IMO)…
Edda Wind Bags Long-term Charter with Siemens Gamesa
Norwegian offshore wind services company Edda Wind said it has entered into a long-term contract with Siemens Gamesa Renewable Energy for one of its newbuild service operation vessels (SOV).The contract will commence mid-2023, and Edda Wind said it will be able to operate the vessel for the early part of 2023 in what it expects will be a "buoyant short-term market" before entering into the long-term…
Shipbuilding Drives Rise in Japanese Steel Output
Japan's crude steel output is expected to rise 1.9% in the January-March quarter from a year earlier, helped by a recovery in manufacturing including shipbuilding and machinery, its Ministry of Economy, Trade and Industry (METI) said last week.This would mark the fourth straight quarterly increase and bring annual output for the financial year to March 31 to 97.07 million tonnes, up 17% from a year…
Digitalization: Simulating Cleaner Shipping
Technologies developed and deployed in pursuit of net zero bring environmental and societal benefits for shipping owners and operators to outweigh their own emissions.SIM is a technology with the potential to make a significant contribution to maritime decarbonization, writes Patrick Ryan, ABSOne of the biggest problems for shipowners seeking to understand how environmental regulation will impact the performance of their fleets in future is uncertainty.
Ship Recycling Hits Christmas Lull
As the Christmas holidays approach, activity has cooled off significantly with very few fresh units being introduced into the market for sale. Notwithstanding, demand remains good - even at these reduced numbers - and it is surely a matter of time before some improvements in price are seen, given the stinging paucity of supply.This inactivity has come at something of an appropriate time, with levels in all sub-continent markets having declined by about USD 20 – USD 30/LDT…
