MOL Moves Into CO2 Shipping with Investment in Larvik Shipping
Japan's Mitsui O.S.K. Lines, Ltd. (MOL) said it will make its first foray into the liquefied CO2 ocean transport business through an investment in Larvik Shipping AS, a Norwegian ship management company for liquefied CO2 carriers.Liquefied CO2 ocean transport plays a key role in carbon dioxide capture utilization and storage (CCUS) value chains as a means of effectively connecting collection sites with storage or usage sites.
US Coast Guard Commissions National Security Cutter Stone
The U.S. Coast Guard on Friday commissioned its newest national security cutter, USCGC Stone (WMSL 758), during a ceremony at Coast Guard Base Charleston, in South Carolina. Adm. Karl Schultz, the commandant U.S. Coast Guard, presided over the ceremony.Built by Huntington Ingalls Industries' Ingalls Shipbuilding division in Pascagoula, Miss., Stone is the ninth legend-class national security cutter in the Coast Guard's fleet.Legend-class national security cutters are 418 feet in length…
US LNG Exports on Track to Hit Record High in March
U.S. liquefied natural gas (LNG) exports are on track to hit record highs in March as tumbling shipping rates and lower prices than in Europe and Asia continue to attract buyers.The amount of gas flowing to U.S. LNG export plants has averaged 10.5 billion cubic feet per day (bcfd) so far in March, according to Refinitiv. That compares with a four-month low of 8.5 bcfd in February, when extreme cold cut power and gas supplies to the facilities…
Baltic Index Gains for a Third Week
The Baltic Exchange's main sea freight index gained for a third straight week on Friday, as rates for the larger capesize and panamax vessel segments rose.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 66 points, or 3%, to 2,281, its highest since September 2019.The main index rose over 16% this week.The panamax index advanced 153 points, or 5.4%, to 2,975, its highest since September 2010.
Sanmar Adds Two New Tugs
Sanmar Shipyards has delivered another vessel in its Delicay tug series—this time to its own fleet.Like its sister tugs, the the 25.3m x 12m x 6.1m Delicay Vlll is a Z-drive tractor tug built to Canadian naval architects Robert Allan Ltd’s exclusive to Sanmar TRAktor-Z 2500SX design, created in partnership with the Turkish tug-builder and operator for both harbor ship handling and towing duties.Built at Sanmar Shipyards Altinova…
NIBC and Damen Extend Lease Partnership
NIBC Bank, Damen Ship Lease and Damen Financial Services on Friday sealed multi-year partnership in the field of ship leasing.The financing from NIBC will be used to enable financial or operational lease solutions for customers of Damen Shipyards Group. This concerns state-of-the-art workboats in offshore energy, including wind and oil and gas, as well as tugs for port activities and other tasks. These leases are offered by one of the funds of the Damen Ship Lease Cooperative…
UK Navy Returns to Tall Ship Training
For the first time in decades U.K.
Solstad Sells 2003-Built AHTS DUO
Solstad Offshore has sold two anchor handling towing and supply vessels earlier this week.Solstad said that the vessels sold were the AHTS Lady Astrid and Lady Caroline.Delivery of the vessels to the new owner took place Wednesday, March 17th, 2021. "The sale of the vessels will result in an immaterial accounting effect for 1Q 2021," Solstad said.Both vessels are of the UT 722 design and built-in 2003…
Offshore Wind Webinar: A Look Into the Emerging US Market
Join speakers from ABB, Lloyd’s Register, Equinor and World Energy Reports as we explore why 2021 is the year for offshore wind in the United States.WHEN: Thursday, March 25, 2021, 11 a.m. EDT (US).REGISTER NOW!From eight turbines for 42MW of capacity at the end of 2020, 2021 will be the year when northeast and mid-Atlantic offshore wind projects start to receive construction and operations clearance to deliver a pipeline of projects set to meet state procurement targets of 31GW by 2035.
Seanergy Buys Two Secondhand Capesize Bulk Carriers
Greek headquartered shipowner Seanergy Maritime said it has entered reached a deal to purchase two Capesize bulk carriers for $55 million, growing its fleet to 14…
tmax Honored as "Top 100' Innovator in Germany
tmax Germany GmbH has been honored with the TOP 100 Seal for the first time in 2021. This award is bestowed on the most innovative companies in the German small firm sector each year. The prerequisite for the seal was the successful completion of a scientific selection process in which tmax was able to prove its innovative strength.On behalf of compamedia GmbH, which has been organizing the TOP 100 innovation competition since 1993, the innovation researcher Dr.
Blakeley BoatWorks Delivers Towboat to CMT
The U.S.’ first linehaul towing vessel powered by Tier 4 Caterpillar high-speed engines with selective catalytic reduction( SCR) was built by Blakeley BoatWorks (BBW) and is now operated by Cooper Marine and Timberlands (CMT).In March 2021, Blakeley BoatWorks completed construction of M/V Gretchen V. Cooper, a state-of-the-art, Tier-4 inland linehaul tow boat. This 3,400-horsepower vessel is 110-feet long…
IMO Sec Gen: The Crew Change Crisis Remains a Challenge
Even after concerted efforts from leaders in the maritime community and some improvement in the numbers, the crew change crisis caused by COVID-19 restrictions continues to create challenges, the Secretary-General of the International Maritime Organization has warned.In a statement, IMO Secretary General Kitack Lim said that based on industry analysis, the numbers of seafarers requiring repatriation after finishing their contracts had declined—from a high of around 400…
Siemens Energy to Deliver Topside Modules for MISC-built FPSO
Siemens Energy said Friday it had won a contract with Malaysian MISC to deliver eight complete topside modules for an FPSO MISC is building for deployment in South America.According to Siemens Energy, its topside modules "will provide sustainable, efficient, and environmentally friendly power generation, transmission, and distribution, as well as gas processing and compression" aboard an FPSO that…
Opinion: A Bipartisan Boost for Dredging, the Economy, and the Environment
When leadership at the White House changes parties, you can expect a shift in priorities and policies. In one case, however, continuity is welcome, as President Biden has voiced his support for Buy American and the Jones Act, which are especially beneficial to the maritime and dredging industries.Read the March 2021 edition of Maritime Reporter & Engineering News, an edition dominated by dredging.While the benefits of these pro-American policies extend beyond maritime and dredging…
First-Ever: Sovcomflot’s Gagarin Prospect Tanker in LNG Bunkering Milestone in U.S.
Russian oil and gas shipping giant Sovcomflot said Friday it had on March 15, together with Shell, "broke new ground," with the completion of the "first-ever Aframax tanker fuelling using LNG in the USA."Sovcomflot’s Gagarin Prospect tanker, on long-term charter to Shell, was en-route from Corpus Christi to Europe. It received 1,075 cubic metres of marine LNG from the Shell NA LNG LLC chartered Q-LNG 4000 outside the Port of Canaveral, Florida.
Shipbuilding: CSD Mohab Mameesh Delivered to Suez Canal Authority
Royal IHC delivered the cutter suction dredger (CSD) Mohab Mameesh to the Suez Canal Authority (SCA) on Thursday March 18, 2021. The vessel is now ready for its official duties after successfully completing commissioning tests on the Dutch coastline and Haringvliet. With the delivery of the 29,190 kW heavy-duty rock CSD, SCA now owns one of the most powerful dredgers in the world. With an overall length of 147.4 m and a total installed cutter power of 4…
Turkey's Karpowership Among S. Africa's Preferred Bidders for Emergency Power Supply
South Africa's government has selected eight preferred bidders, including Turkey's Karpowership, to provide emergency electricity and help prop up the country's ailing power supply, Energy Minister Gwede Mantashe said on Thursday.The tender for 2,000 megawatts (MW), launched two years ago when South Africa suffered some of the worst power cuts in a decade, aimed to find the cheapest and quickest options…
U.S. Tells Firms Building Nord Stream 2 Pipeline to 'Immediately' Stop Work or Risk Sanctions
The U.S. State Department is tracking efforts to complete Russia's Nord Stream 2 natural gas pipeline and evaluating information on entities that appear to be involved, U.S. Secretary of State Antony Blinken said on Thursday."Any entity involved in the Nord Stream 2 pipeline risks U.S. sanctions and should immediately abandon work on the pipeline," Blinken said in a statement, adding the Biden administration…