SFL Buys LR2 Tanker Pair from Frontline
SFL Corporation Ltd. on Monday announced it has agreed to acquire four Aframax LR2 product tankers from tanker shipping company Frontline for an aggregate purchase…
Marine News' Top Boats of 2021
Sea Change - America’s first hydrogen powered ferrySWITCH Maritime’s new 70-foot passenger ferry Sea Change is navigating uncharted waters as the United States’ first zero-emissions, hydrogen fuel cell-powered, electric-drive ferry.The pioneering aluminum newbuild, constructed by Bellingham, Wash. shipbuilder All American Marine, Inc. (AAM), has been completed and was launched this summer, though permitting of hydrogen fuel systems for maritime vessels is still being worked out with the U.S.
GLDD Wins Contract for Houston Ship Channel Widening
Great Lakes Dredge & Dock Corporation announced it has signed a $92.5 million dredging contract for the Houston Ship Channel Widening and Improvement Project 11. This is the first phase of the extensive, multi-phase Houston Ship Channel billion-dollar expansion and deepening program. Dredging is expected to commence in the first quarter of 2022 with estimated completion in the fourth quarter of 2022.Project…
New Pilot Boat Delivered to Port of Waterford
The Port of Waterford Company on the south coast of Ireland has taken delivery of a new pilot boat received by the crew at the Dunmore East pontoon.The new vessel built by Safehaven Marine is a 15-meter interceptor which has been christened Port Láirge, a name of well known maritime heritage in Waterford. The previous namesake was a much-loved steam-powered dredger that served on the Suir for over 70 years until the 1980s.Port of Waterford currently operates two pilot boats…
Gains in Bigger Vessels Lift Baltic Dry Index
The Baltic Exchange's dry bulk sea freight index climbed to its highest in a week on Monday, helped by improved rates for the larger capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 93 points, or 3.6%, to 2,645 points, rising for a third straight session.The capesize index rose 274 points, or 7.6%, to its highest in three weeks at 3,884.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such
Ingalls Wins $113.6 Million Procurement Contract for LHA 9
America’s largest military shipbuilding company Huntington Ingalls Industries (HII) said its Ingalls Shipbuilding division has received a contract modification from the U.S. Navy for $113.6 million to enable long-lead-time material and advance procurement activities for amphibious assault ship LHA 9. This modification brings the total advance funding for LHA 9 to $651 million.Ingalls is the sole builder of large-deck amphibious ships for the Navy. The Pascagoula, Miss.
Nord Stream 2 Pipeline Suspension Could be Short-lived
The suspension of the approval process for the Russian Nord Stream 2 pipeline by a German regulator could be short-lived as Europe is hungry for more gas, an analyst said on Monday after meeting officials of Russian state gas giant Gazprom.Last week, Germany's energy regulator temporarily halted the certification process for the new pipeline that will carry Russian gas into Europe, throwing up a new…
Iran's Guards Seize Foreign Ship in Gulf
Iran's Revolutionary Guards said on Saturday they had seized a foreign ship in Gulf waters loaded with what they described as smuggled diesel.Guards commander Ahmad Hajian said the ship's 11 crew had been detained, but did not give details on their nationality or identify the ship."After inspection, more than 150,000 liters of smuggled diesel were discovered," Iran's state broadcaster quoted Hajian as saying.The semi-official Fars news agency…
US Patrol Boats Sent to Beef Up Ukrainian Navy Near Black Sea
A ship carrying two refitted former U.S. Coast Guard patrol boats designed to beef up the Ukrainian Navy transited the Dardanelles strait on Saturday days after Ukraine said it feared Russia might be preparing an attack on it.The ship carrying the two Island-class patrol boats departed Baltimore for the Ukrainian port of Odessa on November 8. Ukrainian sailors have already undergone extensive training on the vessels in the United States.
ADNOC Weighs IPO of Logistics, Marine Services, and Shipping Unit
State oil firm Abu Dhabi National Oil Company (ADNOC) is weighing an initial public offering (IPO) of its marine services, logistics and shipping arm next year, two sources familiar with the matter told Reuters.ADNOC Logistics & Services (ADNOC L&S) has been selected for a potential float in Abu Dhabi in 2022, said the sources, declining to be named as the matter is not public.A deal could follow after testing investor appetite and market conditions…
Van Oord's Aeolus Tests Seaqualize's Offshore Lifting Tool
Offshore industry tech scale-up Seaqualize has said it has completed offshore trials for its inline Active Heave Compensator (iAHC), the ‘Delta600’ in cooperation with Van Oord."Together with testing partners Van Oord and nautical research institute MARIN, the offshore lifting tool was tested for fixed-to-floating, floating-to-fixed, and floating-to-floating transfers of 300mT loads. The Delta600 is DNV certified and ready for work…
Tech File: Wärtsilä Launches Smaller, Lighter Scrubber Series
When scrubbers were first discussed as a mainstream solution for shipowners to meet strict new emission targets demanded IMO2020, chief concerns centered on size and weight of the new units. Wärtsilä launched its new IQ Series exhaust gas treatment system, designed by its Exhaust Treatment business unit in Moss, Norway, and touted as smaller and lighter.The IQ Series is the latest advancement in maritime exhaust gas treatment technologies…
NYK Bulk Carrier Completes Another Run on Biofuel
NYK conducts third successful biofuel trial on ship carrying Tata Steel cargoThe bulk carrier Frontier Sky, which is owned by NYK and operated by Tata NYK Shipping Pte. Ltd., conducted a trial use of biofuel to transport cargo provided by Tata Steel Limited, the major steel manufacturer in India. According to the company, this is the third successful trial use of biofuel by an NYK vessel.In this test voyage, the vessel was fueled with biofuel by Toyota Tsusho Petroleum Pte. Ltd.
Ship Recycling: What Goes Up, Must Come Down
The recent noteworthy drop in the Indian ship recycling market seems to have reverberated across the sub-continent recycling sector this week, as competing markets start to reverse their vessel offerings in near unison, according to GMS.Bangladesh has remained largely quiet for much of the week as they observe the ongoing price reductions, whilst local Recyclers expect further falls ahead.Indian steel plate prices have declined by nearly $45/LDT over recent weeks…
