Smart Sanctions: West Targets P&I Clubs to Limit Russian Shipping
The European Union and the United States are now targeting maritime protection and indemnity (P&I) insurance clubs to limit Russian shipping capacity and cap the price of its oil, meaning we’re finally beginning to see some smart sanctions for a stupid war.P&I clubs are maritime insurance groups that specialize in open-ended, large-risk claims. P&I insurance is a requirement for all heavy cargo and container vessels.
US Navy Awards BAE Systems $295 Million Contract for USS Kearsarge Refit
BAE Systems said it has received a $294.7 million contract from the U.S. Navy to drydock and perform more than 20 months of maintenance and modernization work on the amphibious assault ship USS Kearsarge (LHD 3). The contract includes options that, if exercised, would bring the cumulative value to $340.3 million.Under the awarded contract, the maintenance availability of USS Kearsarge will begin in April.
Shipbuilding: Work Starts on 50-ft. Hybrid Research Vessel
Snow & Company of Seattle started construction of a 50-ft. hybrid research vessel for the Department of Energy's Pacific Northwest National Laboratory.Dubbed RV Resilience, the boat is designed by Incat Crowther with propulsion integration provided by Pacific Power. Hybrid propulsion will be accomplished by joining twin Volvo Penta D8-510 (374kW) marine engines, and two Danfoss Editron 20kW motor-generators. Power is stored using a Spear Trident battery system.
SSI Adjusts Leadership Structure
Victoria, B.C. based shipbuilding software provider SSI announced on Tuesday that its co-owners and co-CEOs Darren Larkins and Denis Morais have made changes to the company's leadership structure.Morais will continue as CEO while Larkins will become president and CIO, the company said, noting that the title changes have been made "to better align with their roles, responsibilities and passions."Longtime…
Provaris Secures Design Approval for Compressed Hydrogen Carrier
Australian green hydrogen company Provaris Energy said it has received design approval for the 26,000-cubic-metre H2Neo compressed hydrogen (H2) carrier from the American Bureau of Shipping (ABS), which reviewed, verified and approved the H2Neo design.This marks a milestone for Provaris, achieved with extensive front-end engineering design (FEED) work and ABS review activities.
Singapore Bunker Sales Hit 22-month High
Marine fuel sales at Singapore jumped to a 22-month high in November, latest official data showed on Tueday, as lower prices lifted buying interest at the world's largest bunkering hub.November bunker sales totalled 4.37 million tonnes, climbing 3% month-on-month and up 4% year-on-year, data from Singapore's Maritime and Port Authority showed.The higher sales came despite lower vessel arrivals for bunkering at Singapore…
Gondán to Build Hybrid Buoy Tender for Scotland
The Northern Lighthouse Board (NLB), the General Lighthouse Authority for Scotland and the Isle of Man announced the award of a £51.8 million contract to Spanish shipyard Astilleros Gondán S.A, for the build of a hybrid powered buoy tender vessel to support its vital safety service to mariners.The tender includes a commitment to place over £2 million of contracts with U.K. suppliers with a requirement for any contract over £25,000 to be advertised in the U.K.
LNG Hopper Dredge Vox Apolonia Delivered to Van Oord
Van Oord announced it has accepted delivery of its new trailing suction hopper dredger (TSHD), Vox Apolonia, from Keppel Singmarine Pte Ltd shipyard in Singapore.The newbuild is the second in a series of three new dual-fuel liquefied natural gas (LNG) fueled TSHDs being built for the Dutch dredging and marine services contractor.The 10,500-cubic-meter-capacity Vox Apolonia and its sister vessels Vox Ariane and Vox Alexia, fall into the mid-class section of Van Oord’s TSHD fleet.
Data Processes 4x Faster: How Ulstein Does It
How do you excel at ship design? Bart Daman, Manager Naval Architecture at Ulstein Design & Solutions BV in Rotterdam, has an answer: "In our case, by combining specialist knowledge and expertise focused on certain niche markets with data-driven work. This allows us to quickly develop new high-quality ship designs. Our customers experience the difference, and we often hear that they are impressed by the quality of the information we provide.
Swan Hellenic Acquires SH Diana from Helsinki Shipyard
Finnish shipbuilder Helsinki Shipyard Oy, having received bids for the auction of NB518, announced that Swan Hellenic has been awarded the tender.Helsinki Shipyard has exercised the right to sell the ship by tender, provided for by the shipbuilding contract, after the original buyer, Russian-owned GTLK Europe, failed to take delivery. The auction ended at midnight December and was satisfactory for Helsinki Shipyard…
Hapag-Lloyd CEO: Bounce in Shipping Demand Short-lived
Germany's Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent months, but the company on Tuesday reiterated its more muted outlook for the industry as pandemic disruption fades.The container business, a bellwether of global economic trends, had seen a noticeable contraction in demand in September and October as economies around the world grappled with sharply spiking…
Turkey Strikes Deal on New Crude Tanker Insurance Regulations
Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring crude oil tankers to present an insurance confirmation letter before transiting Turkish straits.The Turkish measures, which came into effect on Dec. 1, require vessels to provide proof of insurance for the duration of transit through the Bosphorus or when calling at Turkish ports.The regulation has caused shipping delays…
EEW-AOS to Build Monopiles for Atlantic Shores Offshore Wind Farm Off New Jersey
U.S. offshore wind developer Atlantic Shores, a 50:50 partnership between Shell and EDF, has executed a Pre-Commitment and Capacity Reservation Agreement (PCCRA) with EEW American Offshore Structures Inc. (EEW-AOS) to serve as the manufacturing company for monopiles on its 1.5 GW offshore wind project.Located approximately 10–20 miles off the coast of Atlantic City, New Jersey, Atlantic Shores Project 1 will generate electricity for more than 700…
Great Ships '22: Deepwater Atlas, “World’s First Eighth-Gen Ultra-Deepwater Drillship”
Marijana Sosic, Manager, Technical Marketing at Transocean, discusses some of the outstanding features of the Deepwater Atlas – Built in Singapore at Sembcorp Marine's Jurong Shipyard and flying the Marshall Islands flag – and sister-ship Deepwater Titan , which together represent an investment of more than $2 billion.The Deepwater Atlas was launched this year in Singapore. What, specifically, is so…
Eight Oil Tankers Wait to Pass through Istanbul's Bosphorus Strait
The number of tankers waiting to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean fell to eight on Tuesday from 13 a day earlier, the Tribeca shipping agency said, in a further easing of the recent build-up in traffic.A Turkish measure in force since the start of the month has caused shipping delays. It requires vessels to provide proof of insurance for the duration of transit…
VTTI Plans New 5 bcm Floating LNG Platform in Netherlands by 2024
Dutch energy company VTTI said on Monday it plans to build a new floating liquefied natural gas (LNG) terminal in the Netherlands with capacity to import 5 billion cubic meters of gas annually. On Friday the Dutch government said it was in talks with two different groups over new LNG terminals to increase Dutch import capacity by 5-8 billion cubic meters (bcm) annually as it seeks to ensure the country's energy security.
