Golden Ocean Sells Two Panamaxes, Orders Four Kamsarmaxes
Dry bulk shipowner Golden Ocean Group Limited announced Monday it has sold two older Panamax vessels and placed orders for the construction of four Kamsarmax vessels.The…
Ferries V2.0. Post COVID Opportunities
Since the 1980s there has been a remarkable revival of ferry services in many U.S. waterfront cities, but COVID-19 has wreaked havoc on the most profitable component of these services: the commuter runs. With post-COVID work-at-home arrangements and part-week in-office work, these ferry services have suffered a tremendous loss of income. But there are glimmers of hope that a recovery is likely, although in a different form…
LED Lighting for Ships: Seeing is Believing
New Lighting Technology offers bright ideas for better interior and exterior lighting that saves money, manpowerThe U.S. Navy is leaving traditional lighting behind for Solid State Lighting (SSL) with very long-life solid-state light-emitting diode (LED) lighting. Technology has illuminated new ways to light ships that are safer, more efficient and more affordable. Taking advantage of the new technology has its challenges…
KOTUG Starts Ops in Gabon with Perenco Contract
KOTUG International B.V. (KOTUG) won a long-term contract by Perenco Oil & Gas Gabon S.A. (Perenco) to provide towage support for their operations off Port Gentil, Gabon. The contract includes the chartering, operation and manning of three vessels, two of which are Kotug’s first-ever Rotor Tugs, the RT Magic and RT Spirit.RT Magic and RT Spirit will set sail to Gabon to support Perenco Oil & Gas in…
Dalian Shipbuilding Industry Co. to Build Two CO2 Carriers for Norwegian Northern Lights Project
Chinese shipbuilder Dalian Shipbuilding Industry Co. has won a contract to build two CO2 carriers for Northern Lights, a Norwegian carbon capture and storage project.Under the contract awarded by the Northern Lights JV, owned equally by Equinor, Shell and TotalEnergies, the Chinese shipbuilder will build two CO2 carriers, each with a cargo size of 7,500 m3 and a length of 130 meters.The two vessels…
Southern California: Beaches to Reopen After Offshore Oil Spill
Beaches in a southern California city that were shut because of an oil spill last week are set to reopen on Monday morning, authorities said in a statement.City and state beaches of Huntington Beach city will reopen as water quality testing showed no detectable amounts of oil associated toxins in ocean water, officials from the city and California State Parks said.Last week, some 3,000 barrels (126…
Maersk to Trial Silverstream Air Lubrication System
The world’s largest container vessel operator A.P. Moller - Maersk will trial an air lubrication system on board one of its vessels to examine possible improvements to overall efficiency, focusing on the reduction of fuel consumption and associated emissions.Technology group Wärtsilä, in cooperation with Silverstream Technologies, will install Silverstream’s proprietary air lubrication system, the Silverstream System…
Capital Ship Management to Secure ABS Decarbonization Notations for Tanker Newbuilds
Capital Ship Management is to secure ABS notations recognizing investment in decarbonization technologies for its newbuild orders for medium range tankers—said to…
Steel Cut for Finnlines’ New RoPax
China Merchants Jinling Shipyard in Weihai, China has cut first steel for Finncanopus, the second of two Superstar ro-pax vessels ordered by Finnlines.Construction of the series' first vessel, Finnsirius, started earlier this year, and keel-laying is scheduled to take place in April 2022. So-called mock-ups have been built of cabins, as well as public spaces, to check and test the quality and fine-tune details.Freight drivers…
Intellian Inks Antenna Supply Deal with SES
Following a successful co-development phase, Intellian announced it has entered into an agreement with content and connectivity satellite service provider SES to supply user terminals for SES’s high performance O3b mPOWER communications system. O3b mPOWER will extend and develop SES’s existing Ka-band Medium Earth Orbit (MEO) services, delivering low latency, high bandwidth connectivity at speeds ranging from tens of megabits to multiple gigabits per second to customers across land…
Greece Completes Transfer of 16% Stake in Piraeus Port to COSCO
Greece's privatizations agency transferred shares corresponding to a 16% stake in Piraeus Port Authority to Chinese port operator COSCO Shipping after an amendment to a previous concession agreement, it said on Thursday.Last month Greek lawmakers amended a deal with COSCO allowing it to raise its stake in Greece's biggest port of Piraeus, paving the way for Greece to secure a major investment.Under a 2016 privatization deal, COSCO Shipping bought a 51% stake in Piraeus Port Authority for 280 mil
Bureau Veritas Grants AIP for LNG Bunkering Vessel Concept in Malaysia
Bureau Veritas (BV) said it has delivered an Approval in Principle (AIP) to LNG MARINE SDN BHD for its first liquefied natural gas (LNG) bunkering vessel concept, which is also the first of its kind ever developed by a Malaysian company.According to BV, the vessel design will reflect industry best practice, as well as the latest features for LNG bunkering operations to cater for all types and sizes…
Horisont Energi Picks Port of Rotterdam as European Distribution Hub for its Blue Ammonia
Horisont Energi, a company working to develop its blue ammonia project in Norway, has signed a deal with liquid bulk storage company Koole Terminals to develop an ammonia terminal and storage facility at the Port of Rotterdam, for further distribution.Horisont Energi is developing the Barents Blue project in Norway's north, Europe's first large-scale carbon-neutral ammonia plant with offshore carbon storage.
Great Lakes Limestone Trade Up 10.4% in September
Shipments of limestone on the Great Lakes totaled 3.7 million tons in September, an increase of 10.4% compared to a year ago, trade group the Lake Carriers’ Association (LCA) reports. Limestone cargos were above the month’s five-year average by 5.2%.Loadings from U.S. quarries totaled 3 million tons, an increase of 12.2% from 2020, while shipments from Canadian quarries totaled 684,234 tons, an increase of 8.3%…
Crowley Opens Rhode Island Office to Support Offshore Wind Ops
Crowley Maritime Corporation on Thursday opened a new Rhode Island office for its New Energy division, to advance the development and operation of offshore wind energy installations.The new office, the opening of which was announced by Crowley and Rhode Island Governor Dan McKee, is located at CIC Providence in the Innovation and Design District.Crowley's plan is to provide landside and marine logistics…
World's First: Wärtsila, Eidesvik to Equip OSV with Ammonia-fueled Combustion Engine
Norwegian offshore vessel owner Eidesvik and Finland-based marine equipment manufacturer Wartsila are going to convert an offshore supply vessel (OSV) to operate with an ammonia-fuelled combustion engine with the required fuel supply and safety system. "This project will be the first of its kind ever in the world and has a provisional completion target by the end of 2023," Wärtsilä said.The offshore…
Tidewater Plans Bond Offering to Refinance Debt
U.S. based offshore support vessel owner Tidewater plans to start an offering of USD denominated 5-year senior secured bonds, subject to market and other conditions. "The Company intends to use the net proceeds from the bond issue towards refinancing of the Company’s outstanding debt and for general corporate purposes," Tidewater said.The bonds will be privately placed in the United States in accordance with U.S.
Cadeler's Wind Osprey Jack-up Selected for German Offshore Wind Projects
Danish offshore wind installation firm Cadeler has been chosen as a preferred supplier of wind turbine generator installation vessels by Ørsted for the combined Gode Wind 3 & Borkum Riffgrund 3 projects in the German North Sea.The award covers the transport and installation of a minimum of 48 x 11MW turbines, which will be located adjacent to Ørsted's existing offshore wind farms Borkum Riffgrund 1…
Bangladesh Pays Record Prices for Two LNG Shipments
Bangladesh bought two liquefied natural gas (LNG) cargoes for delivery in October at record prices, two industry sources said on Friday, as low inventory in Europe boosts competition with Asia for supplies ahead of winter.The south Asian nation bought one cargo from trader Vitol for delivery in mid-Oct. at $35.89 per million British thermal units (mmBtu) and another from Gunvor for late Oct. delivery at $36.95 per mmBtu…
Ørsted Picks Seaway 7 for Offshore Wind Installation Works in Germany
Offshore wind installation contractor Seaway 7 has been selected as a preferred contractor by Ørsted for the transport and installation of wind turbine generators for part of the Gode Wind 3 and Borkum Riffgrund 3 offshore wind farms in Germany. Under the contract, the first since the last week's merger between OHT and Seaway 7, the company will use its jack-up installation vessel VIND1, currently…
