PROFILE: Glosten is Meeting the Decarbonization Challenge, by Design
Naval architects and marine engineers sit on the front lines of the maritime industry’s battle toward decarbonization. Morgan Fanberg, President, Glosten, discusses the challenges and opportunities ahead.Put in context the challenge ahead for ship owners and ship designers to meet emission targets of 2050?I started my career in 1998 and as a young marine engineer, the challenges that I faced were taking old boats and meeting SOLAS requirements…
US Gulf of Mexico Oil Production Losses Lead to Cargo Cancellations
U.S. oil offshore losses remained at 76% on Thursday after Hurricane Ida hit the Gulf of Mexico, according to government data, which prolonged outages and caused the first oil cargo shipment cancellations to buyers in Asia.Production should be disrupted for several more days amid lasting damages to transfer stations and offshore facilities used by different companies, analysts said, with impact to…
CMA CGM to Halt Spot Freight Rate Rises until February
French container shipping group CMA CGM said on Thursday it was stopping all increases in its spot freight rates until February in a gesture to customers after a surge in shipping costs during the coronavirus pandemic.The pandemic has strained global logistics due to sanitary restrictions and a sharp rebound in economic activity following a slump last year."Although these market-driven rate increases are expected to continue in the coming months, the group has decided to put any further increase
World's First IMO Type B Very Large Ethane Carrier Launched
The world's first IMO Type B very large ethane carrier (VLEC), the Pacific Ineos Belstaff, has been launched at Jiangnan Shipyard in China.The first of an order of four of the largest VLECs ever commissioned, the ABS-Classed 99,000 cbm dual-fuel vessel is designed for long haul ethane transportation but can also handle other liquified gas cargoes such as liquefied petroleum gas (LPG) and ethylene.As a tradition, Jiangnan always gives a nickname to a newly developed ship.
It’s European Design, But Built For The Jones Act Market
The Netherlands-based Damen Shipyards Group is one of the industry’s largest and most recognized shipbuilders, perhaps best known for its standardized, serial production workboats. Now with several dozen newbuild and repair yards on the map, the company has produced more than 6,000 vessels over its 90-year history—from harbor tugs and offshore supply ships, to ferries and patrol craft. But Damen does not have a shipyard in the United States…
Atlantic Wind Transfers Taps CrewSmart for Fleet and Personnel Management
U.S. offshore energy support vessel company Atlantic Wind Transfers (AWT) has chosen CrewSmart's management system to ensure compliance and set the benchmark for fleet and personnel management efficiency in the growing U.S. offshore wind market.According to CrewSmart, its digitally-optimized management software will allow AWT to streamline its reporting and analysis across its fleet for both crew and shoreside personnel…
Ultimate Sea Trial: Volvo Penta, Danfoss Editron Power MHO's New CTVs
Danish offshore crew transfer specialist MHO has earlier this week taken delivery of two hybrid crew transfer vessels, after what was described as an ultimate sea trial.Namely, the vessels arrived in Esbjerg, Denmark after a 12,000 nautical mile journey from China, for which developers of propulsion technology Volvo Penta and Danfoss Editron said was a voyage of discovery, with the many lessons learned…
Interferry Conference Set to Highlight Ferry Industry as Post-COVID Leader
Findings from a survey suggesting that ferries are poised to lead post-pandemic travel demand will underline an upbeat agenda when global trade association Interferry stages its 45th annual conference in October.Taking place in Santander, Spain, the latest edition of the ferry community’s longest-established conference is themed The Future is Ferries – marking it as a showcase for positive solutions and prospects in response to COVID-19…
Container Shipping: Record Delays, Record Profits
As ports and hinterland transport struggle to keep up, delays at ports are soaking up capacity leading to frustration on the shippers’ side and leaving carriers struggling to keep up all the while making record profits, shipping organization BIMCO reports.Drivers of demand and freight ratesThe container shipping market has frequently appeared in the headlines over the summer as freight rates and port congestion levels continue to reach record highs.
Ship Stuck then Refloated in Suez Canal, No Impact on Traffic
A bulk carrier briefly became stuck in the northern section of the Suez Canal on Thursday but was refloated and there was no impact on traffic, the Suez Canal Authority (SCA) said in a statement.The Panama-flagged Coral Crystal, with a cargo of 43,000 tonnes, suffered from a temporary problem on its way southwards through the canal, the SCA said, but ships behind it were diverted through a parallel channel.Traffic in the canal was blocked in both directions for six days in March when the giant c
VIDEO: Guyana's Second FPSO Sets Sail from Singapore
Liza Unity FPSO, set to become Guyana's second offshore production unit, has been completed in Singapore and has set sail towards Guyana.Keppel Shipyard, responsible for the construction and integration of the topside modules with the China-built FPSO hull said Thursday it had delivered the FPSO to SBM Offshore. Once in Guyana, the FPSO will be deployed at ExxonMobil's Stabroek offshore block.Keppel O&M’s scope of work included the fabrication of several topside modules…
Protesters Stop Oil Tanker Loading at Libya's Hariga
Protesters entered Libya's Hariga oil terminal on Thursday and stopped a tanker from loading, the port head and another official said.On Wednesday protesters also blocked exports at the ports of Ras Lanuf and Es Sider.(Reporting by Ayman al-Warfali, writing by Angus McDowall; editing by Jason Neely)
Tech File: Shipboard CCS Unit Put to the Test
Value Maritime installed what it has called a "world first" onboard CO₂ capture and storage unit on an operational vessel.The module will be integrated in Value Maritime’s Filtree System; a small prefabricated, pre-installed, “plug and play” gas cleaning system. Value Maritime’s first CO₂ Capture Module and CO₂ Battery will be installed on Visser Shipping’s Nordica vessel, operated by X-Press Feeders…
UK to Turn Migrant Boats Back to France
Britain has approved plans to turn away boats illegally carrying migrants to its shores, deepening a rift with France over how to deal with a surge of people risking their lives by trying to cross the Channel in small dinghies.Hundreds of small boats have attempted the journey from France to England this year, across one of the world's busiest shipping lanes.Border officials will be trained to force boats away from British waters but will deploy the new tactic only when they deem it safe…
Fleet Trimming Continues as Solstad Sells AHTS Sea Ocelot
Norwegian offshore vessel owner Solstad Offshore has sold another non-core vessel as part of its plan to trim its fleet and make it more competitive.It said Thursday it had sold the AHTS Sea Ocelot to an unnamed buyer. The 70 meters long vessel, built in 2007, was sold through Solstad's subsidiary Deep Sea Supply Labuan II."Delivery of the vessel to the new owner took place today September 9th, 2021.
Golden Ocean Orders Dual-fuel Ready Dry Bulk Vessel Trio
Oslo-listed dry bulk shipowner Golden Ocean has ordered three "high-specification latest generation" 85,000 dwt ECO-type Kamsarmax vessels,which will be constructed at an unnamed "first-class" Chinese yard. Golden Ocean said the vessels would feature the latest and most efficient propulsion system, contributing with significant improvements in fuel consumption and emissions performance. The vessels will be dual-fuel ready…
UHL Taps COACH Solutions for Fleet Performance Monitoring
Heavy lift, breakbulk and project cargo shipping company United Heavy Lift GmbH (UHL) has signed up with Kongsberg Digital’s vessel performance monitoring and optimization service, COACH Solutions, to continue its increased focus on digitalization and reduce their environmental footprint.“We can monitor the actual performance of our vessels in our fleet with one, easy to implement, smart tool helping us decrease emissions and our environmental footprint.
Car Carrier Prices Are Hot and Getting Hotter
Newbuild spend for vehicle carriers, including large car and truck carriers (LCTC), pure car and truck carriers (PCTC) and pure car carriers (PCC), smashed past $3.2 billion last week…
Orders for LNG-fueled Ships Are on the Rise
This year is shaping up to be a banner year for new liquefied natural gas (LNG) dual-fuel vessel construction contracts, with nearly 30% of the gross tonnage ordered in 2021 comprised of LNG-fueled vessels, according to the latest report from Clarksons.The trend is expected to continue as major deep-sea sectors of the maritime industry are embracing LNG in efforts to reduce both local and global emissions, said industry coalition SEA-LNG.
Panama Remains Top Flag State for Bulker Carriers
The Panama Ship Registry is the largest in the world since 1993. This year, most of the vessels that entered the Panamanian registry were bulk carrier vessels. Panama-flagged bulk carriers represent 22% of the world´s bulk carrier fleet, with 2,725 vessels and 112.1 million gross tons (GT), according to Clarksons Research.Between January and August 2021, Panama has incorporated 218 newly-built ships to its fleet…
