Russia to Spend $30 Billion on Northern Sea Route by 2035
Russia is to spend almost 1.8 trillion roubles ($30 billion) on the Northern Sea Route development project up to 2035, according to a document uploaded to the government's website.The document said the sea route, which is being facilitated by reduced sea ice as a result of climate change, is "a very important transport corridor, of both national and global significance".(Reuters - Reporting by Reuters; Editing by Alison Williams)
Euronav's Earnings Rise Offset by Low Rates for Large Vessel
Belgian oil tanker and storage operator Euronav on Thursday reported sharply higher quarterly earnings, but despite a freight market recovery, rates for very large crude carriers (VLCCs) remained low, sending its shares down more than 4%."Management has good reason to be more optimistic on the winter season," ING's analyst Quirijn Mulder said after the group, which provides crude oil shipping and storage services…
Manor Renewable Energy's New CTVs Pass Sea Trials
Singaporean shipbuilder Strategic Marine said the two new crew transfer vessels (CTV) it has built for U.K. services firm Manor Renewable Energy Ltd (MRE) have passed sea trials.The 27.1-meter aluminum catamarans, Manor Victor and Manor Vulcan, are the first in the builder's new StratCat 27 (SC 27) range, designed in collaboration with BMT and unveiled in May 2021. CTVs are typically used to ferry…
BIO-SEA BWTS Ordered for Cruise Ship Quest
French UV-C water treatment specialist BIO-UV Group said it has received an order to supply a low-flow BIO-SEA L-Series ballast water treatment system (BWTS) for retrofit installation to the 1,268 GT expedition vessel Quest.The 49-meter-long, 60-passenger capacity vessel is the fifth passenger ship operating under Cruise Management International [CMI] to have specified a BWTS from BIO-SEA by BIO-UV Group partner TECO2030.Maxime Dedeurwaerder…
Lindblad Expeditions Takes Delivery of National Geographic Islander II
Lindblad Expeditions has take delivery of the secondhand expedition cruise ship National Geographic Islander II.The vessel, which was previously named Crystal Esprit and operated by Crystal Cruises, will sail year-round in the Galápagos Islands, replacing Lindblad Expeditions' vessel National Geographic Islander.The 3,370 GT, 280-foot-long ship was built by Flender Werft in Germany from 1989-1991 and…
First Ukraine Grain Ship Cleared to Passes Through the Bosphorus
The first grain ship to leave a Ukrainian port in wartime passed through the Bosphorus Strait on Wednesday en route to Lebanon for a delivery that foreign powers hope will be the first of many to help ease a global food crisis.The Razoni left Odesa on the Black Sea early on Monday carrying 26,527 tonnes of corn and anchored at the entrance of the Bosphorus Strait on Tuesday night.The shipment was made…
US Regulator to Allow Freeport LNG to Resume Partial Operations in October
The second-largest U.S. liquefied natural gas (LNG) exporter on Wednesday said it reached an agreement with a federal regulator that will allow it to resume some operations at its Quintana, Texas, plant in October.Freeport LNG shut the plant, which supplies about 20% of U.S. LNG exports, following an explosion and fire on June 8. Its closure helped to push up LNG prices in Europe and Asia, and dampening U.S.
Maritime Giants Launch Competition to Drive Diversity, Equity and Inclusion
Six giants in the global maritime industry have joined forces to address diversity, equity and inclusion (DEI) issues.The Maritime Diversity, Equity & Inclusion (DEI) Innovation Lab 2022, launched by Thome Group, Hafnia, Anglo American, RightShip, Rio Tinto, and Wilhelmsen, is an open competition for interested participants (individuals, institutions, companies, students etc.) to submit their ideas…
Brunswick Corporation Establishes Navico Group
Brunswick Corporation announced the formation of Navico Group, which will replace its current Advanced Systems Group (ASG). Navico Group will continue to be led by Brett Dibkey and represents a complete organizational integration between the legacy ASG business with two key acquisitions that were completed in late 2021 – Navico and RELiON Battery LLC.The newly formed Navico Group will be comprised of numerous brands that serve the marine, RV, specialty vehicle, and industrial markets.
Neptune Awards Vessel Services Deal to Sentinel Marine
Neptune Energy on Wednesday announced the award of a £10 million three-year vessel services contract to Sentinel Marine, to provide offshore support for its operated Cygnus gas field in the U.K. southern North Sea.The contract, awarded following a competitive tendering process, will see Sentinel Marine continue to deploy its multi role, emergency response and rescue (MRERR) vessel Cygnus Sentinel on the gas field. The vessel will also support an upcoming drilling campaign on the Cygnus field.
French Man Survives 16 Hours Trapped in Capsized Sailboat
A 62-year-old French man survived for 16 hours in an air bubble inside his capsized sailboat in the Atlantic Ocean before being rescued by Spanish coastguard divers in what they described as an operation "verging on the impossible".The 40-foot (12-meter) Jeanne SOLO Sailor sent out a distress signal at 20.23h on Monday from 14 miles from the Sisargas Islands off Spain's northwestern Galicia region, the coast guard said.
Simpson Spence Young to Open Genoa Office
Shipbroker Simpson Spence Young (SSY) on Wednesday revealed it will open a new office in Genoa, Italy.The new SSY Genoa office will open this Autumn. Initially, the team that will be based there will focus on dry cargo, specifically handy, supramax and panamax, with a number of individuals from a local shipbroking firm joining the team.SSY's global head of dry cargo, Stanko Jekov, said, “We’re very pleased to be establishing a base in Genoa and continuing to grow our Dry Cargo division.
Lloyd's of London's Hiscox to provide insurance for Ukraine grain corridor
Hiscox is committed to a planned insurance consortium providing cover for ships travelling through a safe passage from Ukraine, its chief executive said on Wednesday, as the Lloyd's of London insurer shares plunged on a first-half loss.The first grain-carrying ship to leave Ukrainian ports in wartime, following a deal brokered by Ankara and the United Nations, safely anchored off Turkey's coast on…
Ukraine Asks Lebanon to Reopen Probe into Alleged Stolen Grain
Ukraine asked Lebanon's top prosecutor on Wednesday to reopen a probe into a ship Kyiv says was carrying stolen grain that remains docked in Lebanon pending a seizure…
Maersk Sees Weaker Container Demand as Durable Goods Sales Dry Up
Shipping group Maersk expects global container demand to fall this year as sales of durable goods come to a "standstill", leaving flat-screen TVs and furniture piling up in warehouses, the company said on Wednesday.A surge in consumer demand and pandemic-related logjams holding up containers in key ports had boosted freight rates and profits in the shipping industry in recent quarters, yet the cost of living crisis has reversed that trend.Maersk…
Truth About Beirut Port Blast Cannot Be Hidden, Pope Says
Pope Francis said on Wednesday he hoped the people of Lebanon can be comforted by justice over the Beirut port blast that killed at least 215 people two years ago, saying "the truth can never be hidden".Speaking at his weekly general audience, Francis noted that Thursday would be the second anniversary of the blast, which also wounded thousands of people and damaged large swathes of the capital."My…
KNOT's First LNG Dual Fuel Shuttle Tanker Delivered
A dual-fuel LNG (liquefied natural gas) shuttle tanker1 ordered by Knutsen NYK Offshore Tankers AS,2 which is an affiliate of NYK, was delivered on August 2 at Daewoo Shipbuilding & Marine Engineering Co. Ltd. The vessel has been named Frida Knutsen.The shuttle tanker will be chartered to ENI Trade & Biofuels S.p.A, a subsidiary of Ente Nazionale Idrocarburi S.p.A (ENI), 3 and will be engaged in oil…
New Intellian Antenna aims to Improve Live TV Reception on Vessels
Intellian Technologies announced its new t-Series and s-Series antennas to enhance the live television (TV) experience for those onboard maritime vessels.The new t-Series antennas, available from September onwards, will leverage improved technology to elevate the user and customer experience. Featuring an upgrade to Intellian’s trademarked WorldView Technology (WLNB), it is designed to enabel seamless…
Seafarer Happiness on the Rise
Seafarer happiness levels are trending upward after reaching a record low last quarter, according to the latest Seafarers Happiness Index report published by The Mission to Seafarers.The survey, undertaken with the support of the Standard Club and Idwal, reports on Q2 2022 and shows that the influx of industry solutions to tackle seafarer wellbeing has finally begun to lift morale and the mindset onboard.
Arcosa Marine Products Joins Green Marine
Arcosa Marine Products, a manufacturer of barges used to transport cargo on U.S. inland waterways, is the newest participant in Green Marine – the largest voluntary environmental certification program for North America’s maritime industry.Part of Dallas based Arcosa, Inc., Arcosa Marine Products manufactures dry cargo barges, including flat-deck and hopper barges for the transport of a range of products that include grain, coal, and aggregates.
