Sri Lanka Starts Construction of $700M Port Project
Sri Lanka's largest port began on Wednesday construction of a $700 million terminal project, partly funded by India's Adani Group, an official said, marking the first foray by an Indian company into the sector. India has this year provided the most financial support to its southern neighbour, which is facing its worst economic crisis in more than seven decades. India is now keen to see long-term projects by Indian companies take off in Sri Lanka.
Strong Offshore Quake Rattles Italy
A strong earthquake of magnitude 5.7 struck off Italy's Adriatic coast early on Wednesday, but caused no serious damage or injuries but was felt as far away as Rome and northern parts of the country. The quake, which occurred shortly after 7 a.m. (0600 GMT), was followed by more than 50 aftershocks of weaker intensity, the Italian Geophysics and Volcanology Institute (INGV) said. Its epicentre was 35 kilometers (21.7 miles) offshore from Pesaro…
Analysis: Meltdown in the Container Shipping Sector Gains Speed
Facing global economic headwinds, the volume of containerized cargo movement continues to plummet, Peter Sand, Chief Analyst, Xeneta, summarizes: “It is clear that the carriers are no longer in charge, the shippers are.”Peter, it seems like the news in the container shipping sector started as a flow and has turned into a torrent. There was some data released yesterday that showed a 9.1% drop in September year on year for dry containers, and a 2.3 decline in the reefer sector.
Christiania Shipping inks deal for StormGeo CII Simulator
Denmark's Christiania Shipping, which operates 20 vessels, added StormGeo’s CII Simulator to its fleet performance management toolbox earlier this year. “With the…
US Allows Transactions to Free Sanctioned Oil Tanker Stranded in Indonesia
The U.S. government has allowed some transactions to take place with a sanctioned oil supertanker in efforts to free the vessel stranded in Indonesian waters, the U.S. embassy in Singapore said on Wednesday. The Indonesian navy has been trying to free the Djibouti-registered ship, Young Yong, which ran aground off Indonesia's Riau Islands on Oct. 26 near a gas pipeline. The U.S. last week issued sanctions…
Freire Shipyard Floats MBARI's New Research Vessel
The hull of MBARI’s new flagship research vessel has been floated out at Freire Shipyard in Spain.The new oceanographic vessel, David Packard, which entered the waters of the Vigo estuary for the first time last month, is scheduled for delivery in 2023 to the Monterey Bay Aquarium Research Institute (MBARI), a private, non-profit oceanographic research center in Moss Landing, Calif.“The RV David Packard will be the first state-of-the-art research vessel built not only in Spain…
RIBCRAFT Completes RIB Series for California Dept. of Fish and Wildlife
The California Department of Fish and Wildlife recently took delivery of three more RIBCRAFT 5.85’s. With these additional boats, all of the Department’s long range fisheries patrol crafts now operate with a new RIBCRAFT 5.85 onboard. The rigid inflatable boats (RIBs) are deployed for boarding and enforcement up to 200 miles offshore. The delivery of these 19’ RIBs completes the fleet with four others…
Thailand to Receive New Research Vessel
Thailand’s Department of Marine and Coastal Resources (DMCR) in 2023 will receive a new research vessel to patrol its coastal environments and monitor the nation’s fisheries and marine resource.Designed by Australian naval architecture and marine engineering frim Incat Crowther, the vessel will be built by Seacrest Marine, which held a keel laying ceremony for the newbuild in August 2022.The Incat Crowther 25 is based on a proven Incat Crowther design…
Wonder of the Seas Equipped with ABB's Ability Marine Braking Assistance
As the world’s largest cruise ship Wonder of the Seas, departed on her maiden voyage in the beginning of March 2022, she was the first in the world to feature the new ABB Ability Marine Braking Assistance. Designed for safe and smooth emergency stops, the automatic braking system is the result of collaboration between supplier and owner, initiated at Royal Caribbean Group’s request.Following full sea trials by shipbuilder Chantiers d’Atlantique and acceptance by the owner…
ABS Grants AIP for HHI's Hi-ReGAS+ Regasification System
Classification society ABS announced it has awarded approval in principle (AIP) for a next-generation, highly efficient concept of a regasification system (Hi-ReGAS+) for floating storage regasification units (FSRUs) and floating liquefied natural gas (LNG) terminals that uses natural circulation.The technology was developed by Korea Shipbuilding & Offshore Engineering (KSOE), the intermediate holding company of Hyundai Heavy Industries Group…
Tindall-Schlicht Named Seaway Administrator
The White House announced President Biden's appointment of former Milwaukee port director, Adam Tindall-Schlicht, as the next Administrator of the Great Lakes St. Lawrence Seaway Development Corporation (GLS). Tindall-Schlicht resigned his position at Port Milwaukee on October 19.An agency of the U.S. Department of Transportation, the GLS is responsible for operation of U.S. portions of the St. Lawrence Seaway.
Bryton Marine Group Names McVitty as COO
Vernon, B.C. based Bryton Marine Group, parent company to a group of aluminum boatbuilding firms, announced it has hired Stuart McVitty as chief operating officer.McVitty will be responsible for developing performance goals and long-term operational plans as well as maximizing efficiency through extensive process analysis and intercompany collaboration. He will work with the CEO Byron Bolton and the…
Australian Mining Magnate Calls for Ban on Seabed Mining
Fortescue Metals executive chairman Andrew Forrest on Tuesday said his charitable foundation is in favor of a pause on seabed mining, the first time a prominent mining executive has spoken out against the nascent industry.Forrest said the Minderoo Foundation, which he and his wife Nicola fund with the dividends they get from Fortescue, will back a pause until there's sufficient evidence that damage…
Ukraine Wants Grain Deal Expanded, Eyes Decision Next Week
Ukraine wants the Black Sea grain export deal expanded to include more ports and goods, and hopes a decision to extend the agreement for at least a year will be taken next week, Ukraine's deputy infrastructure minister said on Tuesday.The deal, which eased a global food crisis by unblocking three major Ukrainian ports during Russia's invasion, expires on Nov. 19 and briefly appeared imperilled last…
Derecktor Sets World Record for Largest Yacht Haul-out
As yachts continue to increase in size, so does Derecktor Shipyards’ commitment to servicing them, the company said.It was in 2021 when Derecktor again unveiled the world’s largest mobile boat hoist, but this time at its brand-new shipyard at the Port of Fort Pierce. With a 1,500-ton capacity, the massive lift can safely haul boats up to 75 meters in length out of the water for service or refit.Most recently, the 1,500-ton machine at Derecktor Ft.
Lauritzen Bulkers Takes Over Chilean Bulker
Danish shipowner Lauritzen Bulkers said it has taken over the bulk carrier Chilean Bulker on October 29, 2022.It is a 39,500 mt dwat, box/open hatch handysize bulk carrier built at China's Jiangmen Nanyang Ship Engineering Co. Ltd. shipyard in 2019. The vessel has been under the control of Lauritzen Bulkers since then and now flies the Danish flag with Hellerup as its homeportThe ship is a sister-vessel to the Canadian Bulker Lauritzen took over earlier this year.
Italy's Emilia Romagna Backs New FSRU Terminal in Ravenna
Italy's Emilia Romagna region has approved a project for a new floating LNG terminal off the coast of Ravenna in the upper Adriatic sea, it said on Monday, part…
Baltic Index Hits One-week High on Capesize Gains
The Baltic Exchange's dry bulk sea freight index touched a one-week high on Tuesday, supported by gains in the capesize vessel segment.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels carrying dry bulk commodities, added 19 points, or about 1.4%, to 1,356, the highest level since Nov. 1. The capesize index rose 89 points, or about 6.3%, to 1,493, the highest level since Oct. 31.
HAV's NES to Supply Battery Pack for Offshore Construction Vessel
Norwegian offshore vessel owner Volstad Maritime has contracted Norwegian Electric Systems AS (NES) to deliver the battery pack and associated control system for battery charging to the Grand Canyon III offshore construction vessel. “The demand for retrofitting battery power on board offshore vessels continues to grow as many shipowners, such as Volstad Maritime, are dedicated to reducing their carbon footprint.
Thordon Bearings Installed on ADNOC Offshore Platform
Thordon Bearings said Monday that its water-lubricated elastomeric polymer bearings have been installed to well pumps aboard an undisclosed offshore oil platform operated by Abu Dhabi National Oil Company (ADNOC).Five KSB three-stage mixed flow impeller-type pumps were each retrofitted with Thordon pump bearings - 13 SXL intermediate bearings, four Composite bearings and a single SXL throttle bearing - replacing the original silicon carbide bushes…
