Baltic Dry Index Hits 12-year Peak
The Baltic Exchange's main dry bulk sea freight index rose for a fourth straight session on Wednesday to a 12-year high, buoyed by higher rates across vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 150 points, or 3.4%, to 4,560, its highest since November 2009.Strong iron ore and coal trades are driving dry bulk rates higher, brokerage Jefferies said in a note."Congestion and other inefficiencies related to COVID-19 and geopo
Burger Boat Awarded New Ferry Build
Manitowoc, Wis., shipbuilder Burger Boat Company announced it has begun work on a new vehicle and passenger ferry for the Eastern Upper Peninsula Transportation Authority (EUPTA), located in Sault Ste. Marie, Mich.Due to launch Summer 2022, the 92-foot steel ferry will operate year-round on the St. Mary’s River in Michigan’s Upper Peninsula between Barbeau, Mich., and Neebish Island. The ferry was…
ABS Names Lennon VP for Offshore Wind
ABS has appointed Greg Lennon Vice President of Global Offshore Wind.“Greg is a leader who will build on the numerous successes of our offshore wind team and accelerate our continued support of the burgeoning industry here in the U.S. and globally. He will position us to be ready and able to support the President’s ambition to install 30GWs of offshore wind by 2030 and to work with our global partners to deliver over 150GWs targeted for 2030 around the world…
Oldendorff Post-Panamax to Load Logs from New Zealand
A deal has been finalized that will soon see the largest vessel to ever call at New Zealand for the loading of logs.The deal between South Pacific Shipping (SPS) and Oldendorff Carriers was brokered by Braemar ACM’s Bruce McFarlane, a Mount Maunganui local. Braemar also negotiated the deal with ISO Stevedoring that delivered the mobile cranes from the manufacturer in Germany, to the port of Tauranga, New Zealand last year.
Rolls-Royce and Sea Machines Partner on Autonomous Ship Control Solutions
Rolls-Royce and Sea Machines Robotics announced they are working together to deliver remote command, autonomous control and intelligent crew support systems to the marine market.As part of this agreement, Rolls-Royce business unit Power Systems and Sea Machines, the developer of remote-vessel command and autonomous control systems, will join forces on the development and sale of fully and semi-autonomous vessel control systems.Michael Johnson…
GE Charters Acta Marine's SOV for French Offshore Wind Farm Work
Offshore wind turbine maker GE Renewable Energy has chartered Acta Marine's Service Operation Vessel Acta Auriga for the commissioning activities of 80 Haliade 150-6MW turbines at the Saint-Nazaire offshore wind farm in France.The vessel will start operating on behalf of GE Renewable Energy in the second quarter of 2022 when the offshore wind turbine installation is set to kick off.Departing from the Port of Saint-Nazaire…
King’s Quay Floating Production Unit Reaches Texas
China's Cosco Shipping has earlier this month delivered the King’s Quay floating production unit to Ingleside, Texas, aboard its M/V Xiang An Kou semi-submersible heavy transportation vessel, after a long journey from South Korea.The 21,498mt platform, built by Hyundai Heavy Industries, will be used for Murphy Oil's offshore oil field developments around 175 miles south of New Orleans in the U.S. Gulf of Mexico.The King’s Quay floating production unit is scheduled to go into service in 2022.
Wärtsilä and SHI Collaborate on Ammonia Fueled Engines
Finnish technology group Wärtsilä and Korean shipbuilder Samsung Heavy Industries (SHI) have teamed up to develop ammonia-fueled vessels as the cleaner burning fuel gains traction amid the maritime industry’s drive toward decarbonization.Under the joint development program (JDP) agreement signed between the two firms in July 2021, the partners will aim to develop ammonia-fueled vessels with four-stroke auxiliary engines available for future newbuild projects.Ammonia…
Havyard Leirvik Delivers Sixth SOV to Esvagt
Norwegian shipbuilder Havyard Leirvik has delivered another offshore wind service operation vessel (SOV) to Danish vessel owner Esvagt.The vessel, Esvagt Havelok, is the third and last of the ‘triplet ships’ built by Havyard for Esvagt. The ship handed over Tuesday was the third in the same series, but it is the sixth wind farm service vessel that the Sognefjorden yard has delivered to the Danish offshore wind pioneer Managing director of Havyard Leirvik…
New Marlink Application Partner Program Aims to Accelerate Digitalization
Marlink launched a new Application Partner Program aimed at supporting the increasingly rapid digitalization trend in maritime.To support the adoption of digital solutions, the program intends to provide direct digital enablement benefits to ship operators and application providers. With more than 600 ships currently connected and serviced under the new program, vessel operators are able to tap operational…
China's First Carbon-neutral Oil Cargo Certified
China's refining giant Sinopec Corp said on Wednesday it has jointly certified the country's first carbon-neutral crude oil cargo with shipping giant Cosco Shipping and China Eastern Airlines.The 30,000-tonne cargo was produced by Sinopec in Angola and shipped by Cosco Shipping to an east China-based Sinopec refinery for processing, Sinopec said.To offset the carbon dioxide produced during the process from crude production to shipping to consumption by vehicles and airplanes, the three state fir
Top Global Firms Call for Zero Emissions Shipping by 2050
More than 150 leading companies and organizations including oil majors and port authorities on Wednesday called for the global shipping industry to be fully decarbonized by 2050, urging governments to step up action warning time was limited.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions and the sector is under growing pressure to get cleaner.UN shipping agency the International Maritime Organization (IMO)…
Shell Orders Fully Electric Ferries from Penguin in Singapore
Shell has awarded a contract to a Singapore-based firm Penguin International Limited, to design, build and operate at least three fully electric ferries which, when operational, will be the first fully electric ferry service in Singapore and a first for Shell globally.Expected to set sail in the first half of 2023, the new 200-seater single-deck ferries will be used to transport passengers between mainland Singapore to Shell’s Energy and Chemicals Park on the island of Bukom…
