Singapore Convicts Nine in Southernpec Bunker Fuel Theft Case
Nine people have been sentenced in Singapore to up to three years in jail for cheating buyers out of $337,000 worth of shipping fuel, authorities said in a joint…
Greece Paves Way for China's COSCO to Raise Piraeus Port Stake
Greek lawmakers on Thursday approved an amended deal with Chinese shipping group COSCO that will allow 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 Greek privatisation deal, COSCO Shipping bought a 51% stake in Piraeus Port Authority (PPA) for 280 million euros ($328 million). It then committed to mandatory investments…
Complying with Court Order, U.S. to Hold Gulf of Mexico Oil and Gas Lease Sale in November
The U.S. Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale for the Gulf of Mexico on November 17, complying with a U.S. District Court order.To remind, the Biden administration had paused all oil and gas leasing activities on federal lands and waters in January, citing climate crisis. A federal judge in Louisiana in June then ordered the resumption of oil and gas leasing on public lands and waters.Announcing the upcoming Gulf of Mexico lease sale on Thursday…
Wärtsilä Awarded Certification for EU Stage V Compliance
The technology group Wärtsilä has received marine sector commercial certification for compliance with the EU’s Stage V standards. The Stage V legislation, which came into force in 2020, tightens restrictions on non-road engines and equipment, and sets stricter limits on emissions, especially particulate matter (PM) and nitrogen oxide (NOx) emissions. The certification applies to the total solution…
Hapag-Lloyd CEO Says Shipping Still in the Thick of Supply Chain Disruptions
Global container liner problems related to post-corona logistics hiccups have intensified in the third quarter and show no sign of letting up, the world's number five operator, Hapag-Lloyd, said on Thursday.Chief executive Rolf Habben Jansen told reporters in an online briefing that container usage in August was up 20% year-on-year.He said port congestion and high spot freight rates, caused by a combination of unexpected demand recovery and tight shipping space, would continue at least during th
Venable Joins HDR as Federal Transportation Director
Eric Venable recently joined HDR as the new federal transportation director.HDR has a long history of providing key transportation expertise to the federal government, whether federal highways, coastal ports, defense installations or more.Venable brings more than 25 years of experience in operations, finance, strategic marketing, business expansion, client and subcontractor relations, and contract negotiations for federal, public, and private maritime and industrial clients.
Austal USA Sets Up Ship Repair Yard in Alabama
Following the acquisition of additional waterfront along the Mobile River in September 2020, Austal USA reports it quickly established a ship repair facility that has had a booming response.“Almost immediately after word got out Austal USA had purchased the additional waterfront property, we were inundated with calls from commercial captains looking to return to Mobile to have their ships serviced…
Great Lakes Shipyard Wins $1.9 Million in Government Contracts
Great Lakes Shipyard, a division of The Great Lakes Towing Company, has recently been awarded government contracts amounting to more than $1.9 million.The contracts, which could be valued at nearly $2.5 million if all options are exercised, include haul out, maintenance, and repair work of the following vessels: U.S. Coast Guard: Cutter KATMAI BAY; and U.S. Army Corps of Engineers: Detroit District Floating Plant (Tug DEMOLEN and Crane Barge VELER)…
Dogger Bank Wind Farm: Alicat to Build Hybrid-powered Daughter Craft for North Star
UK-based offshore wind vessel operator North Star Renewables has ordered two hybrid-powered daughter craft from Great Yarmouth based-marine and engineering specialist Alicat.Once built, the vessels are destined for the Dogger Bank wind farm, 130km off England’s North East coast. They will utilize the combination of diesel and electric outboards, "a world-first for this form of workboat."Designed by Southampton-based naval architects Chartwell Marine in collaboration with North Star…
Qatar Strikes Long-Term LNG Supply Deal with China's CNOOC
Qatar Petroleum has signed a long-term LNG sales deal with China's CNOOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil Corporation (CNOOC).QP will supply of 3.5 million tons per annum (MTPA) of LNG to CNOOC over a 15-year period starting January 2022.The SPA was signed during a virtual ceremony by Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs…
The Case for Stock Boats
Could you imagine designing your own car or truck or airplane, and then trying to build it? Unless you’re Elon Musk, you most likely couldn’t.Today’s consumers don’t want to solve their own problems, they want turnkey solutions, and they want them now. In what industry—other than maritime—do you see customers designing their own products, putting them out for bid, and then dealing with time and cost overruns?
Lake Assault Boats Adds New Sales & Service Dealer
Superior Wis. fire, patrol, and rescue craft builder Lake Assault Boats, part of Fraser Industries, has named Banner Fire Equipment, Inc. – of Roxanna, Illinois – as its sales and service dealership for Arkansas, Missouri, Oklahoma and portions of Illinois. “Adding Banner Fire Equipment to our dealer network is great news for fire departments and law enforcement agencies in the region that have protection areas with on-the-water responsibilities…
Liftal Acquires Damen Hoisting
Liftal Hijstechniek has acquired Damen Hoisting. The agreement will be effected on October 1, and the organization will be incorporated into the full-service specialist in lifting and hoisting technology.Damen Hoisting was established five years ago as a business unit of Damen Anchor & Chain Factory B.V., located on the premises of Damen Shiprepair Rotterdam in Schiedam. The hoisting division serves customers from various markets such as the maritime…
KCC Completes Transatlantic Test of Biofuels
Norwegian shipowner Klaveness Combination Carriers ASA (KCC) said it has completed testing of 30% biofuel aboard its CLEANBU MV Baru on a voyage from the Netherlands to Brazil as part of KCC’s ongoing efforts to gain technical and commercial experience with biofuels.“We are pleased with the outcome of this test and will continue exploring biofuels possibilities going forward. We believe biofuel will…
Weathernews Teams Up With VPS
Weathernews Inc (WNI) said it has joined forces with Vessel Performance Solutions (VPS) to integrate performance data from ship systems with its weather routing system to help improve voyage planning.The VESPER software platform by VPS records continuous performance data from the hull and propellers, main and auxiliary engines and boilers to determine speed, RPM and fuel consumption estimates that…
Kongsberg Digital to Supply Simulators to UAE's AASTS
Kongsberg Digital (KDI) said it has signed a contract to deliver a suite of multipurpose simulation solutions to the Arab Academy for Science, Technology and Maritime Transport Branch in Sharjah (AASTS), United Arab Emirates. The state-of-the-art simulators enable realistic training scenarios for different vessel types in various operations and weather conditions, and will be used in training and assessment…
BIMCO: Iron Ore Spot Rates Spike 163%
As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year.Iron ore spot freight rates from Western Australia, to Qingdao, China have jumped 163% to USD 21.82 per tonne on 28 September 2021 compared with the same time last year. For a very large ore carrying Capesize ship transporting 200…
'K' Line Takes Delivery of 210,000 DWT Bulk Carrier
The 210,000-dwt ton capesize bulker Cape Brolga has been delivered from Japan Marine United Corporation's Tsu shipyard to Kawasaki Kisen Kaisha, Ltd.
Oil Tanker Market Set to Endure Low Earnings for Another Year -BIMCO
The global oil tanker market faces another year of low earnings as the coronavirus pandemic and vaccine inequalities disrupt demand and producers limit output of crude, a shipping analyst said on Wednesday.The earnings of very large crude carriers (VLCCs) that carry the bulk of crude stand at about $10,000 a day, down from 2020 record highs of more than $240,000, after the pandemic battered demand…
Autonomy: BV AIP for Unmanned Surface Vessel DriX
Bureau Veritas (BV) delivered an Approval in Principle (AiP) to iXblue for its Unmanned Surface Vessel (USV) DriX, an AiP that addresses the safety requirements of the marine drone, which operates under the novel concept of remotely supervised autonomy.With a length of 8m, DriX is an Unmanned Surface Vehicle (USV) equipped with advanced perception means, including a radar, a lidar and cameras, as well as artificial intelligence…
