Seaspan's 70-ship Newbuild Program Fully Financed with $1.4 Billion Deal
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Containership giant Seaspan Corporation announced on Wednesday that it now has financing lined up for its entire 70-vessel newbuild program.With the completion of the latest $1.4 billion deal in December, Seaspan said its financing proceeds are approximately $6.9 billion.Seaspan, a subsidiary of Atlas Corp, said the $1.4 billion will be used to finance ten 15,000 TEU LNG dual-fuel newbuilds, the last of its recent $7.6 billion containership ordering spree…
Marco Polo Marine to Do 'Green' Ship Recycling in Indonesia
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Marco Polo Marine announced it is venturing into "green" ship recycling at its P.T. Marcopolo Shipyard in Batam, Indonesia.In addition to being awarded the permit by local authorities to conduct ship recycling activities, the group said it has become the first shipyard in Indonesia to be certified and awarded the ISO 30000:2009 certificate by ABS Quality Evaluations (QE). The ISO 30000 certification…
Norwegian Cruise Cancels Sailings as Omicron Cases Surge
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Norwegian Cruise Line on Wednesday canceled trips on eight ships, a few with embarkation dates as far out as late April, signaling a blow to the recovery of the pandemic-ravaged U.S. cruise industry.The division of Norwegian Cruise Line Holdings Ltd made the decision with the United States reporting nearly one million new coronavirus infections on Monday, the highest daily tally of any country."Due to ongoing travel restrictions…
HII Demonstrates Open Architecture Autonomy Integration Capability with Sea Machines’ SM300
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Huntington Ingalls Industries’ (HII) Technical Solutions division announced today the successful integration of its advanced autonomy solutions with Sea Machines Robotics’ SM300 autonomy product. The integration of these autonomous capabilities supports complex mission planning and collaboration between unmanned systems.The demonstration, which took place late last year in the Chesapeake Bay off the coast of Virginia Beach…
Baltic Dry Index Steady as Higher Panamax Rates Offset Capesize Dip
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The Baltic Exchange's dry bulk sea freight index was little changed on Wednesday, as higher rates for panamax vessels countered a dip in the capesize and supramax segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, rose by 4 points to 2,289.The capesize index fell 49 points, or 2.1%, to 2,301, its lowest level since late-March, 2021.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, decreased by $406 t
Louisiana Students Take Mississippi River Tour Field Trip
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Dozens of South Louisiana middle and high school students eager to learn about careers in the maritime industry enjoyed a cool, windy autumn day on the mighty Mississippi River in St. Bernard Parish at the first-of-its-kind Maritime Field Trip.The daylong field trip was organized and coordinated by a group of maritime industry partners and featured Crescent River Port Pilots. The educational trip taught…
UECC's Third Newbuild Dual-fuel LNG Battery Hybrid PCTC Launched
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Norwegian shipping company UECC said its third and final newbuild in a series of advanced dual-fuel liquefied natural gas (LNG) battery hybrid pure car and truck carriers (PCTC) has been launched at China’s Jiangnan Shipyard.The December 28 launch comes seven months after the keel-laying ceremony for the vessel and follows the recent final delivery of the first newbuild named Auto Advance, with the second and third vessels set to be delivered in the first half of this year.“We are rapidly buildi
Global Supply Pressures May Be Nearing Peak
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The historically high pressures on global supply chain networks that have contributed to shortages of key goods and materials and a surge in inflation may have peaked, according to a new index released by the New York Federal Reserve on Tuesday.The Global Supply Chain Pressure Index (GSCPI) surged early in the pandemic when China imposed lockdown measures. Pressures eased as production resumed but picked back up during the winter of 2020 as COVID-19 infections jumped."More recently…
Forsee Power Earns DNV Certification for its Pulse 2.5 Marine Battery System
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Forsee Power said it is now offering its Pulse 2.5 high-power battery module in a DNV-certified version for the marine sector.Harsh weather conditions at sea require rugged batteries, with solutions compatible with water, condensation, and humidity. As a result, the guarantees in terms of design and safety required by the classification society DNV are very high. This approval allows the various players…
ExxonMobil Makes Two Oil Discoveries Offshore Guyana. Liza Unity FPSO on Track for First Oil in 1Q
Oil and gas major ExxonMobil on Wednesday announced two new oil discoveries offshore Guyana, at Fangtooth and Lau Lau wells, adding to previous recoverable resource…
Sun Feng Takes the Helm at China Classification Society
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Sun Feng formerly a CCS vice president, was named Chairman and President, taking over from Mo Jianhui, who retired.In a handover ceremony at CCS headquarters in Beijing, Sun paid tribute to Mo, praising his contribution to CCS.“Mr. Mo oversaw the rapid growth of our classed fleet, an expanded global network and he helped increase our international presence and influence, we thank him for all the success he helped deliver,” he said.
Uniper CEO: Nord Stream 2 Approval Could Come in mid-2022
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The Nord Stream 2 pipeline, which is to transport Russian gas to Germany, could get approved in the middle of the year, the CEO of one of the project's financial backers told a newspaper.The pipeline, led by Russia's Gazprom, has been completed since September and is waiting for final certification by the German network agency, which has said that no decision would be taken in the first half of 2022.This…
Fred. Olsen Windcarrier Reels In $90,5M in New Contracts
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Offshore wind installation firm Fred. Olsen Windcarrier (FOWIC) said Tuesday it had recently executed three new contracts and reservation agreements with combined revenue of up to 80 million euros (~$90,5 million).The contracts, with undisclosed clients, will cover around 300 days in 2022 and 200 days in 2023, in both Europe and the Asia Pacific.Two contracts are linked to projects where Fred. Olsen Windcarrier is already involved.
Indonesia Talks on Coal Exports Put Off as Scores of Ships in Limbo
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Indonesian authorities on Wednesday postponed a meeting with coal miners to discuss a ban on coal exports, as scores of ships moored off the coast due to load remained in limbo.The world's top exporter of thermal coal and China's largest overseas supplier on Saturday announced a ban on exports in January to avoid outages at its own generators.The ban sent thermal coal futures in China surging reflecting…
Kalmar, Coast Autonomous in Robotic Solutions Pact
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Kalmar, part of Cargotec, has signed a joint development agreement with Coast Autonomous Inc. to accelerate the development and launch of robotic solutions across the mobile equipment offering. Kalmar has also become a minority shareholder of Coast Autonomous.The joint development agreement and investment in Coast Autonomous follows the introduction of Kalmar Robotic Portfolio - a future range of intelligent…
AET Takes Delivery of New Shuttle Tanker for Shell Charter in Brazil
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Tanker operator AET has taken delivery of Eagle Campos, the first of another three Suezmax Dynamic Positioning (DP2) Shuttle Tankers purpose built for long-term charter to Brazil Shipping I Limited, a subsidiary of Shell.Shuttle tankers are used for the offloading and transporting oil from offshore oil installations.AET struck a deal with Shell in December 2019 to operate these three Suezmax DP2 shuttle…