Hapag-Lloyd Plans More Capacity Investments
German container liner Hapag-Lloyd will make more investments in vessel capacity this year to grow in line with the global market, where it is the number five operator, Chief Finance Officer Mark Frese told analysts on Wednesday.Apart from the unspecified further investments in containers, there would also be selected second hand tonnage purchases, he added in a call as the company published first quarter results.Last December, Hapag-Lloyd ordered six ultra-large-container-vessels (ULCCs) in a $
Suez Canal Expansion Plans Lift Dredging Firm Boskalis
Shares in Dutch marine services provider Boskalis jumped on Wednesday, a day after the Suez Canal unveiled a project to expand the southern stretch of the waterway.The Suez Canal Authority plans to expand and deepen its southern section, where a container ship became jammed and blocked traffic for six days in March, throwing international supply chains into disarray.Back in 2014, Egypt signed contracts with six international firms to carry out dredging of the Suez Canal…
VIDEO: Up Close and Personal with Ocean Explorer Robert Ballard
Ocean explorer and scientist Dr. Robert D. Ballard opens up on his personal life and his world-famous ocean discoveries like never before in his new book, “Into the Deep.” Best known as ‘the man who found the Titanic,’ Marine Technology Reporter had the opportunity to interview Ballard on the contents of the book, a book released yesterday with a follow-up National Geographic television special scheduled for June 14…
Invenergy, BW LNG Secure Financing for FSRU Project in El Salvador
Sustainable energy developer Invenergy and LNG solutions provider BW LNG have secured a $128.3 million loan from IDB Invest to fund the construction of a floating storage and regasification unit (FSRU), a key part of the Energía del Pacífico (EDP) LNG-to-power project in El Salvador.The financial package has a 15-year contractual term granted to FSRU Ltda. de CV in El Salvador. Invernergy said the…
Alfa Laval Tallies LPG Fuel Supply Systems Order in Japan
Alfa Laval said it has won an order for three units of the Alfa Laval FCM LPG, the low-flashpoint fuel supply system (LFSS) developed in partnership with MAN Energy Solutions.The LFSS order was signed in December 2020 with IMEX Co., Ltd., which builds MAN Energy Solutions licensed engines in Japan as a subsidiary company of Hitachi Zosen Corporation. The order comprises three Alfa Laval FCM LPG systems that will be installed on three Japanese LPG carriers.According to Alfa Laval…
Wärtsilä Wins Contract to Outfit VLGC Pair
Wärtsilä won a contract in April to supply the cargo handling and liquefied petroleum gas (LPG) fuel supply systems for two new very large gas carrier vessels (VLGC) being built for China-based Oriental Energy, a company mainly focusing on operation of PDH (Propane Dehydrogenation) factories and LPG trading.The 93,000-cubic-meter-capacity vessels are being built at the Jiangnan yard in China, and are among the largest of their type ever built.In addition to the cargo handling system…
TORM Buys Secondhand Tanker Trio from Okeanis
Tanker shipping company TORM announced on Wednesday it has purchased three 2015-built Aframax vessels from Okeanis Eco Tankers Corp. for $120.8 million.The three 114…
Equinor to Hire More Staff at Plants Hit By Fires in 2020
Fires that crippled two Equinor plants in Norway last year were caused by both technical and human errors, the energy company said on Wednesday, promising to hire and train more staff.A blaze last September at Hammerfest LNG, Europe's only large-scale liquefied natural gas plant, caused an outage expected to last 18 months, while a fire in December at the Tjeldbergodden methanol facility took two months…
Maersk Supply Service Sends Another Vessel to Support The Ocean Cleanup
Danish offshore supply vessel operator Maersk Supply Service will deploy another vessel to support The Ocean Cleanup in its effort to remove plastic from the oceans.MSS said that this summer the Maersk Trader vessel will join its sister vessel Maersk Tender in the Pacific Ocean, strengthening The Ocean Cleanup’s pursuit to rid the oceans of plastic.The Maersk Trader is contracted for one year and will initially work on a trial in the Great Pacific Garbage Patch in Summer 2021."The extra vessel…
Eneti Orders $330M Wind Turbine Installation Vessel. Eyes U.S. Offshore Wind Market, Too
Offshore wind installation company Eneti Inc, until recently known as Scorpio Bulkers, has entered into a binding agreement for the construction of one Wind Turbine Installation Vessel. The vessel will be built by South Korea's Daewoo Shipbuilding and Marine Engineering.The company also said it was in talks to build another offshore wind installation vessel for the U.S. offshore wind market.As for the first vessel…
The Race is On to Pioneer Hydrogen Shipping
Hydrogen is touted as an inevitable green fuel of the future. Tell that to the people who'll have to ship it across the globe at hyper-cold temperatures close to…
ABB Software to Unlock Energy Savings for Tallink’s New Ferry MyStar
Estonian ferry operator Tallink will tap sustainability and efficiency gains enabled by ABB Ability Marine Advisory Systems – OCTOPUS for its new passenger and car ferry MyStar due for delivery from the Finnish Rauma Marine Constructions shipyard in 2022.The liquefied natural gas (LNG)-powered MyStar will be deployed on the 80-kilometer trans-Baltic route between Tallinn, Estonia, and Helsinki, Finland…
Santos Port Workers Delay Strike Threat
Union workers at Brazil's Santos port on Tuesday delayed a possible strike until next month, amid demands to know how soon they will be vaccinated against COVID-19, a union official said.Santos is South America's largest port and critical to Brazil's commodities exports.Union workers held a meeting on Tuesday to decide on whether to go on strike, with initial plans for a work stoppage this week.Bruno José dos Santos, president of the Sindestiva union representing port workers, told Reuters after
US Considering Jones Act Waivers Amid Colonial Pipeline Shutdown
The Transportation Department said on Tuesday it was evaluating whether a temporary waiver of the Jones Act is needed to ensure sufficient gasoline supply to some U.S. states after the ransomware attack on Colonial Pipeline."The U.S. Department of Transportation (USDOT) has started the work needed to enable consideration of a temporary and targeted waiver of the Jones Act," the department said. The Jones Act requires goods moved between U.S.
New Device Protects Against RF Interference and Jamming
NovAtel, part of technology company Hexagon, has unveiled a new GPS Anti-Jam Technology (GAJT) device amid heightened interference and jamming in marine environments worldwide. The low size, weight and power (SWaP) GAJT-410MS is designed to protect civil and military operations from interference and jamming, with jammer direction-finding capabilities for enhanced situation awareness in the marine environment.Interference…
ABS Completes Decarbonization and Digitalization JDP with HHI and HGS
Classification society ABS said it has completed a joint development project (JDP) with shipbuilder Hyundai Heavy Industries (HHI) and marine services firm Hyundai Global Service (HGS) exploring decarbonization and digitalization in the marine and offshore industries. The project covered simulation and modeling of carbon footprints of a vessel incorporating energy efficiency technologies, liquefied…
Bowman Debuts Higher Capacity Split Roller Bearing
U.K.-based Bowman International said it has launched to market a split roller bearing with substantially higher radial and axial load capacities. Suited for applications such as propulsion shafts and electric motors, the new Bowman Advanced Split Roller Bearing offers up to 75% higher radial load capacity and up to a 1000% increase in axial load capacity in both directions, the manufacturer said.“For the first time…
Ingalls Starts Fabrication of National Security Cutter Friedman (NSC 11)
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division said it has commenced fabrication of Legend-class national security cutter Friedman (NSC 11). The start of fabrication signifies the first 100 tons of steel have been cut.“Our workforce has invested more than a decade of effort, creativity and resolve to make the Legend-class national security cutter production line incredibly efficient and strong,” Ingalls Shipbuilding President Kari Wilkinson said.
Pandemic Propels Makeover at Shipping Giant Maersk
Maersk is accelerating its plan to transform itself from a container shipping giant into an integrated logistics company following its strong performance during the pandemic, Chief Executive Soren Skou said on Tuesday.Maersk, which handles one in five containers shipped worldwide, aims to expand its land-based logistics services, hoping to gain a larger share of the supply chain from existing shipping clients such as Puma and Walmart."I don't want to put a date to it…
MTU Gensets Chosen for US Navy Frigate Program
Rolls-Royce said it has been selected to supply its mtu naval generator sets for phase one of the U.S. Navy’s Constellation (FFG-62) class frigate program, previously known as the FFG(X) program. Rolls-Royce has received a contract for the first shipset to provide four mtu naval generator sets, each rated at 3,000 kWe at 1,800 rpm.Construction on the first ship is expected to begin later this year after Fincantieri Marinette Marine (FMM) of Marinette, Wis.