KVH Partners with ioCurrents for KVH Watch Maritime IoT Solution
Data analytics firm ioCurrents will offer KVH Watch connectivity as part of its vessel maintenance and optimization servicesKVH Industries, Inc., announced today that ioCurrents, a provider of real-time, remote vessel analytics, has joined the KVH Watch Solution Partner program and will offer KVH Watch connectivity as part of its maritime services. The company is the creator of the MarineInsight platform…
Cargo Ship Capsizes off Vietnam, 15 Sailors Missing
At least 15 sailors were missing on Thursday after a Panama-flagged cargo ship capsized in rough seas off Vietnam, Vietnamese state media said.The incident happened off the central province of Binh Th
GE to Power the US Navy's Constellation-class Frigates
GE Marine will provide gas turbine engines and associated equipment for the Navy’s Constellation-class frigates being designed and built by Fincantieri Marinette Marine in Wisconsin.“GE Marine brings a proven and reliable gas turbine that integrates perfectly in our combined diesel electric and gas turbine (CODLAG) propulsion system,” said Dario Deste, President and CEO of Fincantieri Marine Group.
Great Lakes Towing Christens New Tug Pair
The Great Lakes Towing Company and Great Lakes Shipyard christened the newly built tugs Pennsylvania and Wisconsin at the company’s Cleveland facilities on Wednesday.“Amid the COVID-19 pandemic, it is remarkable that the Towing Company has persevered with the successful completion of these two new tugs, despite the adversity the pandemic brought to bear, not only on us, but the industry, not to mention the country and the entire world.
Van Oord Orders 'Green' Cable Layer for Offshore Wind Operations
Dutch offshore contractor Van Oord has ordered a "green" cable-laying vessel from the Norwegian shipbuilder Vard. The ship will be built in Tulcea, Romania and Brattvaag, Norway for scheduled delivery in 2023.The vessel, equipped with the latest sustainable technologies, and expected to be fully operational in 2023, is targeted for deployment in the burgeoning offshore wind market. The new DP2 vessel…
Britain's Retail Industry Demands Probe of Disruption at Ports
Britain’s retailers and food manufacturers have called on lawmakers to urgently investigate ongoing disruption at UK ports, warning that delays were hurting their plans to build stocks ahead of Christmas and the December 31 end of the Brexit transition period.The British Retail Consortium (BRC) and the Food and Drink Federation (FDF) said on Thursday they had written to Lilian Greenwood, chair of parliament’s Commons Transport Select Committee…
Fincantieri Hit by Concerns Over Big Capital Increase
Fincantieri shares fell as much as 6.5% on Thursday on the prospect of a big capital increase by the Italian shipbuilder as it tries to cope with the coronavirus crisis which has hit its customers in the cruise industryBloomberg News reported late on Wednesday the state-owned firm, which has a market capitalization of about 1 billion euros, was considering a capital increase of up to 1.5 billion euros…
Seaspan Shipyards Invests in STEM Education
Seaspan Shipyards announced a $300,000 investment in Let’s Talk Science, a charitable organization that has been providing Canadian youth and educators with science, technology, engineering and math (STEM) programs for more than 25 years. Seaspan’s three-year commitment will support the roll-out of new Kindergarten–Grade 12 (K-12) programming across Canada designed to educate and inspire youth about…
US Navy Helps Small Companies Engage with Experimentation
The United States' Department of Navy (DoN) Small Business Innovation Research (SBIR) Experimentation Cell (DoN SEC) connects SBIR innovators with the DoN experimentation community to deliver innovative solutions for the warfighter.“Our mission is to support the SBIR community from the first idea to experiment execution by offering beginning-to-end facilitation, mentoring, and training in all aspects of experimentation…
Gunvor Invests in Artemis to Build Zero-emissions Ferries
Energy trader Gunvor Group has bought a minority stake in Artemis Technologies to build high-speed ferries capable of carrying up to 350 passengers with zero emissions, the company said on Thursday.The new vessel, called the Artemis eFoiler, will produce savings of up to 90% on fuel compared with traditional diesel ferries. The British firm received a £33 million grant from the British government earlier this year.The hydrofoils will run on batteries recharged by renewable energy sources.
Investor EnTrust Global Turns Sights to Green Shipping Assets
U.S. investment company EnTrust Global, already a player in shipping finance, aims to buy ships that generate lower emissions, an executive said, the latest sign of efforts in the shipping industry to go green.Global shipping accounts for nearly 3% of the world’s CO2 emissions, putting the industry under pressure to clean up. About 90% of world trade is transported by sea.New York-based EnTrust, which has $18.9 billion in assets, lends to the shipping sector through its Blue Ocean Funds.
US Blacklists Chinese, UAE Companies Over Sale of Iranian Petrochemicals
The United States on Wednesday imposed sanctions on companies based in China and the United Arab Emirates, accusing them of supporting the sale of Iranian petrochemicals as Washington increases pressure on Tehran in the closing days of President Donald Trump's term.The U.S. Treasury Department said in a statement it had blacklisted the four entities for facilitating the export of Iranian petrochemical products by Triliance Petrochemical Co.
Great Ships of 2020: Seri Everest, World’s Largest Ethane Carrier
Seri Everest, the first in a series of three 98,000 cbm Very Large Ethane Carriers (VLECs) built at Samsung Heavy Industries Co., Ltd. (SHI) and delivered to MISC Berhad on October 30, 2020. Seri Everest is the first from a series of six VLECs that MISC purchased in July 2020. As a second generation VLEC, Seri Everest is one of the largest vessels of its kind in the world.With the delivery of MISC’s first VLEC – Seri Everest, she has set a new benchmark in the ethane market.
Solstad on a Roll: Scores Vessel Charters in India, Australia
Just hours after announcing three contracts for its platform suppliers in the North Sea and Suriname, Norwegian offshore vessel operator Solstad Offshore released a separate statement on Thursday, announcing charters for three construction vessels.These charters are with an unnamed "large international contractor" and are for the construction support vessels Normand Navigator, Normand Frontier, and Normand Australis.The three vessels will be used for projects on the east coast of India.
GE Orders Two Crew Transfer Vessels for French Offshore Wind Farm
GE Renewable Energy Offshore Wind (GE) has ordered two crew transfer vessels destined to serve the Saint-Nazaire offshore wind farm in France.GE has ordered the vessels from Louis Dreyfus Armateurs and Tidal Transit. The two crew transfer vessels will be designed by naval architect Mauric and built by French shipyard Ocea. LD Tide, a joint venture between Louis Dreyfus Armateurs and Tidal Transit will…
