Cambodia Seeks Return of Ship Carrying Country's First Oil Output
The Cambodian government is seeking the return of an oil tanker and its crew who have been detained in Indonesia, alleging that the ship had loaded oil illegally from an offshore oil field…
Diana Shipping Secures Charter for 75,700dwt Bulk Carrier
Dry bulk vessel company Diana Shipping has entered into a time charter contract with ASL Bulk Shipping HK Limited, for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$26,500 per day, minus a 5% commission paid to third parties, for a period until a minimum of June 15, 2022, up to a maximum of September 15, 2022. The charter for the 225 meters long vessel is expected to begin on September 1, 2021.
The Path to Zero: Mitsubishi Shipbuilding, TotalEnergies Study LCO2 Carrier
Mitsubishi Shipbuilding has initiated a feasibility study with TotalEnergies for the development of a liquefied CO2 (LCO2) carrier, a key plank in the CO2 ecosystem as carbon dioxide capture, utilization, and storage (CCUS) attracts increasing attention worldwide. An LCO2 carrier would play a pivotal role in transporting CO2 from its emission sources to storage sites or facilities for utilization,…
2021: The Year of the Containership
What’s not to like about 2021 for container shipping? Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean, as well as globally, and the previous yearly record for new container ship orders has just been broken (measured in capacity) in less than eight months.As a result of very healthy shipowner bottom lines and carriers experiencing a lack of tonnage, 619 container ships are now on order for future delivery.
Indonesia Seizes Tanker Loaded with 'Stolen' Cambodian Crude
Indonesia's navy is preparing to charge the captain of a ship accused of loading oil illegally in Cambodia and anchoring in Indonesian waters without permission, according to local authorities and the vessel owner.Bahamas-flagged tanker MT Strovolos was stopped in waters near the Anambas Islands of Indonesia on July 27, the Indonesian Navy said in a statement. The stop followed a red notice issued…
Sperry Marine Debuts Additional Military Layers on VisionMaster Radar and ECDIS
Sperry Marine has strengthened its portfolio of military navigation solutions with the release of Additional Military Layers (AML) for its VisionMaster series of Radars and ECDIS.The AMLs have been developed to allow defense and naval users to take advantage of Sperry’s commercial radar systems on demanding military assignments on small and large vessels. The latest enhancement supports the display…
VIDEO: Long-Term Consequences of Covid-19’s Crew Change Crisis
The international shipping industry continued its long-term positive safety trend over the past year. The number of large vessels lost remained at record low levels in 2020, while reported incidents declined year-on-year, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2021.The AGCS report notes that the shipping sector has shown great resilience through the coronavirus pandemic…
Video: First Steel Cut for Aircraft Carrier Doris Miller
A steel cutting ceremony was held on Wednesday for the U.S. Navy’s newest nuclear-powered aircraft carrier Doris Miller (CVN 81).Slated to be the fourth Gerald R. Ford-class aircraft carrier, CVN 81 is currently under construction at Huntington Ingalls Industries' Newport News Shipbuilding shipyard in Newport News, Va. Doris Miller’s keel is scheduled to be laid in 2026 and delivered to the Navy in…
Dredging Up Federal Funding for Inland Ports and Waterways
All signals from Washington, D.C., indicate that Fiscal Year (FY) 2022 could be a record-breaking year for inland port and waterway investment. The successful opening of the Harbor Maintenance Trust Fund, a recording-breaking United States Army Corps of Engineers (USACE) budget request, positive improvements to the Port Infrastructure Development Program, and a possible bipartisan infrastructure deal…
Wilson Sons Building Four NOx-slashing Tugs
Brazil's largest integrated port and maritime logistics operator Wilson Sons said it is building four tugs that will reduce nitrogen oxides (NOx) emissions by more than 75%.The IMO Tier III vessels were developed by Damen Shipyards Group and are being built at Wilson Sons' shipyard in Guarujá. The total cost to implement IMO Tier III standards is US$290,000."Nitrogen oxide is a greenhouse gas, which can be 300 times more polluting than carbon dioxide itself.
Russia's Oil Exports from Western Ports to Inch Up in Sept
Russia's oil exports and transit from its western seaborne outlets were set at 6.17 million tonnes in September compared to 6.29 million tonnes in the revised August plan, the preliminary schedule seen by Reuters showed on Wednesday.On a daily basis combined oil loadings from Primorsk, Ust-Luga and Novorossiisk ports will rise by 1% in September from August, Reuters calculations showed.Urals oil exports from Primorsk and Ust-Luga will decline by 1% to 4.5 million tonnes from 4.7 million tonnes i
US VP Harris Offers Vietnam Support to Counter Beijing in the South China Sea
U.S. Vice President Kamala Harris met Vietnam’s top leaders on Wednesday, offering support in several key areas including the enhancement of its maritime security in an effort to counter Beijing’s increasing assertiveness in the South China Sea.Harris also offered more visits by U.S. warships during her talks with Vietnam’s President Nguyen Xuan Phuc, Vice President Vo Thi Anh Xuan and Prime Minister Pham Minh Chinh…
Baltic Dry Index Snaps 11-session Rally
The Baltic Exchange's main dry bulk sea freight index fell on Wednesday, halting a 11-session rally that saw it scale its highest level in over a decade, as the larger capesize vessel segment retreated.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 8 points to 4,193.The main index hit its highest level since mid-2010 on Monday, in a rally…
Seacrest Marine Building New Patrol Boat for Thailand
Construction is well underway on a 42-meter patrol vessel for operation in Thailand, naval architect Incat Crowther announced.The vessel is being built by Seacrest Marine and has been developed as a solution to a strict set of mission requirements for use in patrol, rescue and enforcement activities within Thai domestic waters.The vessel will be the eighth Incat Crowther-designed vessel to be built…
MOL, Tata Steel to Develop Environmentally Friendly Bulk Carrier
Japanese shipping giant Mitsui O.S.K. Lines (MOL) and its dry bulk subsidiary MOL Drybulk have signed a memorandum of understanding with steelmaker Tata Steel to develop and deploy an environmentally friendly bulk carrier.MOL will partner with Tata Steel on this innovative project to reduce greenhouse gas emissions in its supply chain.Peeyush Gupta, Vice President, Supply Chain, Tata Steel, said: "The…
Kongsberg Digitial Scores South Korea Sim Center Contract Wins
Kongsberg Digital (KDI) won four successive contracts with maritime training centers, schools and universities in South Korea.In the first quarter of 2021, the delivery of K-Sim Offshore and DP simulators to the Korea Institute of Maritime and Fishery Technology (KIMFT) was followed by the handover of K-Sim Mooring simulators to the Busan Techno Park foundation, an organization dedicated to the development of mid- and long-term strategies and policies for local industries.Following this…
Meishan Terminal at China's Ningbo Port Resumes Operations
Meishan terminal at China's Ningbo port resumed operations on Wednesday after shutting down for two weeks due to a COVID-19 case, a port official said at a press briefing.The closure of the terminal has caused logjams at ports across China's coastal regions and further strained global supply chains amid a resurgence of consumer spending and a shortage of container vessels.Meishan terminal accounts for about a fifth of traffic at the Ningbo port…
Huisman Scales Up Production Capacity to Meet Demand from Offshore Wind Sector
Dutch marine equipment maker Huisman, known for its offshore crane solutions, said Wednesday it had doubled the slew bearing production capacity of its facility in Schiedam, the Netherlands. "With this significant increase in production capacity, Huisman is able to meet the growing demand for large diameter slew bearings, an integral part and key component of its Heavy Lift Cranes," Huisman said. As for the expansion…
U.S. to Restart Oil Leasing with Offshore Auction This Year
The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Mexico auction as soon as October, court papers showed.The move comes two months after the U.S Interior Department first said it would comply with a June 15 federal judge's order blocking its months-long pause in oil and gas leasing on federal…
Michell Bearings Incorporates US Business
Michell Bearings, a U.K. Babbitt bearing manufacturer that supplies products to the global industrial and naval industries, has announced the incorporation of a U.S. business, Michell Bearings Inc.The incorporation will allow customers in North America, especially those in the U.S. naval industry, to collaborate with Michell Bearings in more efficient way, the company said. It will also assist Michell…
