Matson Orders Three LNG-fueled Containerships from Philly Shipyard
U.S.-based ocean carrier Matson announced it has placed a $1 billion order with Philly Shipyard for the construction of three new 3,600 TEU Aloha Class containerships.The first vessel is expected to be delivered in the fourth quarter of 2026 with subsequent deliveries in 2027.Matson, which aims to achieve a 40% reduction in Scope 1 fleet emissions by 2030 and net-zero Scope 1 by 2050, said the three…
Teekay Names Speers EVP & CFO
Teekay Corporation announced Vince Lok’s retirement as Teekay’s Executive Vice President and Chief Financial Officer effective January 1, 2023, after nearly 30 years with the company, including the past 16 years as Teekay’s Group CFO.Upon Lok’s retirement, Brody Speers, Vice President, Finance & Treasurer, will be assuming Lok’s responsibilities, along with continuing to oversee Teekay’s Finance, Accounting and Tax teams.
Great Lakes Limestone Up 10.7% in October
Shipments of limestone on the Great Lakes totaled 3.9 million tons in October, an increase of 10.7% compared to a year ago, according to latest figures from the Lake Carriers’ Association (LCA). Limestone cargos were also above the month’s five-year average by 10.9%.Loadings from U.S. quarries totaled 3.2 million tons, an increase of 9.7%, while shipments from Canadian quarries totaled 736,157 tons…
ABS to Support Industrial-Grade, Cyber-Physical Platform for Shipboard OT
ABS has been announced as the industry collaborator to build the Maritime Testbed of Shipboard Operational Technology (MariOT) Systems. The project is led by iTrust…
Foreship Makes a Pair of Senior Appointments
Foreship made two senior appointments to grow its design and technology capabilities to support shipping’s sustainable future. From November 1, Joonatan Haukilehto joins Foreship as Lead Consultant, Newbuilds & Decarbonization, while Pekka Pohjanen is appointed Senior Technology Specialist, Sustainability.Based at Foreship’s Helsinki head office, Haukilehto and Pohjanen add extensive expertise in advanced…
AIP for C-Claw Fastener for Marine and Offshore
Bureau Veritas delivered an Approval in Principle to COLD PAD, an industrial start-up, for its C-Claw technology, a heavy-duty fastener for steel structures that is non-intrusive (no hole and no hot work is required). It was designed as an alternative to welding and drilling for the maritime and offshore sectors. The technology offers a quick fastening solution for any structural outfitting, maintenance and modification operations…
NETSCo Promotes Two Senior Leaders
NETSCo, a naval architecture and marine engineering firm located in Columbia Station, Ohio, has promoted two of its senior employees to new leadership roles. David Hossenlopp, P.E, has been promoted to the position of Chief Naval Architect, and Nick Hunter, P.E. to Senior Naval Architect / Marine Engineer.“David has been with NETSCo since 2013,” said Richard Mueller, CEO/President, “and throughout…
Hydrogen-powered Tug Hydrotug 1 Arrives in Ostend
The word's first hydrogen-powered tugboat recently arrived in the port of Ostend where it will undergo further work before entering service in 2023.Built at Armón Shipyards in Navia Spain, the Hydrotug 1 was launched in May, and in the following months remaining construction works on the vessel were completed.The groundbreaking vessel is part of an integrated greening program for the Port of Antwerp…
Meyer Turku Delivers Cruise Ship Carnival Celebration
Finnish shipbuilder Meyer Turku on Wednesday delivered the liquefied natural gas (LNG) fueled cruise ship Carnival Celebration to Carnival Cruise Line.Tim Meyer, CEO of Meyer Turku, describes this ship's handover as special in many ways: "First of all, the ship is dedicated to the 50 years of Carnival Cruise Line. Second, Carnival Celebration will begin service immediately after the handover, which tells us that the demand for cruises…
Baltic Index Extends Fall on Lower Vessel Demand
The Baltic Exchange's dry bulk sea freight index extended its fall to an 11th session on Wednesday, as demand waned across all segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 56 points, or about 4.1%, to 1,321.The capesize index shed 102 points, or about 7.4%, to 1,286.Average daily earnings for capesizes .BATCA…
Indonesia Calls Off Search for 17 Missing after Boat Fire
Indonesian authorities have halted the search for 17 missing passengers from a boat that caught fire while at sea last week in East Nusa Tenggara, believing the probability of their survival to be low, a local rescue official said on Wednesday. Twenty people had been found dead during the search operation, which began after a passenger boat caught fire on waters near Timor Island on Oct. 24, the head of the local rescue team, I Putu Sudayana, told Reuters.
NYK to Order Two LNG-Fueled Large Coal Carriers
Japan's NYK is set to order two LNG-fueled large coal carriers from Oshima Shipbuilding Co., Ltd. The vessels are scheduled to be delivered in 2025."This ship order is a part of a bulk carrier fleet development aimed at achieving net-zero greenhouse gas (GHG) emissions in the NYK Group's oceangoing businesses by 2050," NYK said.NYK says that compared to conventional heavy oil-fueled ships, the two new ships will emit zero sulfur oxides (SOx)…
US Mid-term Elections Bring Changes, Uncertainty in Congressional Maritime Leadership
Regardless of whether the Republicans seize or the Democrats maintain control of the House and Senate, there is a guarantee that changes in leadership will occur in some of the key Congressional leadership positions that will impact the maritime industry. Two of the most significant Congressional committees of jurisdiction are the House Transportation and Infrastructure Committee (House T&I) and the Senate Committee on Commerce, Science, and Transportation (Senate Commerce).
Australia Orders Another Patrol Boat from Austal
Australian shipbuilding group Austal Limited announced that the Australian Government has ordered an additional Guardian-class Patrol Boat from Austal Australia for A$15.2 million.The 39.5-meter steel hull patrol boat, to be constructed in Western Australia and delivered in September 2024, is in addition to the 21 Guardian-class Patrol Boats ordered by the Australian Government under the Pacific Patrol…
Russia Resumes Participation in Ukraine Grain Export Deal
Russia said on Wednesday it would resume its participation in a deal to free up vital grain exports from war-torn Ukraine after suspending it over the weekend in a move that had threatened to exacerbate hunger across the world. The Russian defense ministry said it had received written guarantees from Kyiv not to use the Black Sea grain corridor for military operations against Russia. "The Russian Federation considers that the guarantees received at the moment appear sufficient…
World Maritime University Celebrates 2022 Graduation
On October 31, 2022, global maritime leaders of tomorrow graduated from the World Maritime University (WMU). The Class of 2022 has received the education required to contribute to maritime and ocean matters in their home countries and more broadly to the implementation of the United Nations Sustainable Development Goals (UN SDGs). Overall, the graduating class includes 276 graduates from 70 countries, and sets a record of 94 women graduates.WMU President Dr.
Maersk CEO Sees Plenty of Dark Clouds on the Horizon. Container Demand Set to Drop
Shipping group Maersk warned on Wednesday of slowing demand for transport and logistics as a global recession looms and cut its forecast for container demand this year, even as it beat third-quarter earnings expectations. "It is clear that freight rates have peaked and started to normalize during the quarter, driven by both decreasing demand and easing of supply chain congestion," Chief Executive Soeren Skou said in a statement.
Van Oord Names Chief People Officer
Dutch marine services company Van Oord has appointed Meike Salvadό-de Reede to the position of Chief People Officer (CPO) in its Executive Committee as of November 1, 2022. "Van Oord’s people agenda is fundamental to its strategy and to building a high-performance organization," Van Oord, which provides dredging and offshore energy installation services,said.Meike Salvadό-de Reede has a Civil Engineering background and over 20 years of experience in commercial…
Report: Germany Could Seize Property to Speed LNG Build-out
Germany, racing to end its reliance on Russian gas, plans to introduce new regulation that will make it possible to expropriate property to link offshore liquid natural gas terminals to the grid, Handeslblatt reported. The new law could make it possible to use parts of Gazprom's defunct Nord Stream 1 and 2 pipelines, to link a terminal to the shore.The newspaper said a draft law due to be agreed by…
