Baltic Dry Index Touches Over 1-month Low
The Baltic Exchange's main sea freight index extended losses to hit a more than one-month low on Wednesday, pressured by lower rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 104 points, or 4.1%, to 2,410 points.The capesize index fell 211 points, or about 7.9%, to 2,457 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $1,748 at $20
Great Lakes Exercises Option to Build Second Hopper Dredge
The United States' largest dredging contractor, Great Lakes Dredge & Dock Corporation, announced Tuesday that it has exercised its option to build a second 6,500-cubic-yard-capacity trailing suction hopper dredge (TSHD) at Conrad Shipyard in Amelia, La.Expected to be delivered in the first quarter of 2025, the new vessel will be a sister ship to the Galveston Island, presently under construction withā¦
Cadeler Inks Deal to Support Transport, Install of 15 MW Offshore Turbines
Cadeler A/S signed a contract with Vestas for the EnBWās He Dreiht offshore windfarm project to provide the installation and transportation of 64 15 MW Vestas turbines (WTGs).The WTG installation is scheduled to commence in the second quarter of 2025 and will be finished by the end of the year. It will be executed by one of Cadelerās two O-class vessels, which will feature a new crane with a lifting capacity of 1600 metric tons at a radius of 40m.The He Dreiht projectā¦
Passenger Vessel Spirit of Norfolk Catches Fire in Virginia
More than 100 passengers, the vast majority of them school children, were rescued from a passenger vessel that caught fire on Tuesday in Norfolk, Va.The fire aboard the Spirit of Norfolk was reported around noon, while the vessel was on a cruise in the Elizabeth River, near Naval Station Norfolk. Images and videos shared on social media show flames and heavy smoke rising from the 169-foot-long vessel.
DEME Offshore's Flagship Vessel Orion Installs First Monopile at German Offshore Wind Project
DEME Offshore's recently delivered flagship offshore installation vessel Orion has installed the first monopile at Arcadis Ost 1 offshore wind farm site in the German Baltic Sea to the northeast of Rügen island. Arcadis Ost 1 is a 257 MW offshore wind project developed by Parkwind. "Deploying āOrionā, the newest member of the DEME fleet and the most innovative vessel in the offshore wind industryā¦
VIDEO: BOEM, NOAA Use Drones to Tag Endangered Whales
The Bureau of Ocean Energy Management (BOEM) and the National Oceanic and Atmospheric Administrationās (NOAA) Stellwagen Bank National Marine Sanctuary on Wednesday announced the successful digital acoustic tagging of 14 sei whales in waters offshore Massachusetts. This is the first time researchers have successfully tagged an endangered species in the United States using an uncrewed aerial vehicle (UAV), or drone.
International Seaways Sells Stake in Al Shaheen Oil Field FSOs to Euronav
Oil tanker operator International Seaways has sold its 50% stake in two floating storage and offshore (FSO) vessels, the FSO Asia and FSO Africa, to its joint venture partner Euronav NV. The purchase price values the two FSO vessels at $300 million in total. Net of adjustments for working capital and expenses, International Seaways received approximately $140 million in cash from the sale.The transaction has been approved by North Oil Company (āNOCā)ā¦
Mitsubishi Shipbuilding Earns AIP for LCO2 Spherical Cargo Tank System
Bureau Veritas (BV) said it has delivered an approval in principle (AIP) to Mitsubishi Shipbuilding ā part of Mitsubishi Heavy Industries (MHI) Group ā for a spherical cargo tank system for liquefied CO2 (LCO2) carriers.LCO2 carriers transport liquefied CO2 in a low temperature, high pressure state. Independent Type C tanks are typically used for the cargo tank system. Until now, various tank structures have been availableā¦
NTMA Seafarer Graduation Ceremony Held for First Time since 2019
On June 7, 2022, a graduation ceremony at the NYK-TDG Maritime Academy (NTMA), a merchant marine university jointly operated by NYK and the Transnational Diversified Group (TDG) near Manila, Philippines, was held for the first time since 2019 before the outbreak of COVID-19.NYK President Hitoshi Nagasawa, Senior Managing Executive Officer Tomoyuki Koyama, and TDG Chairman J. Roberto C. Delgado, in addition to invited guests of honor that included Kazuhiko Koshikawaā¦
EALs Approved for Use in Schottel Controllable Propellers
Schottel has approved Environmentally Acceptable Lubricants (EALs) for the use in its ControllablePropeller (SCP) units. Following an extensive testing period in the in-house test benches, oils that were able to meet the OEMās high performance and quality requirements were technically approved for the use in CP hubs. The EALs are not only able to fully replace the mineral oils used so far, but offer a further advantage with their biodegradability.
ABS AIP for "Sterntube-less" Ship
Thordon Bearings said ABS issued an Approval in Principle to the āsterntube-less shipā concept developed in cooperation with the Shanghai Merchant Ship Design & Research Institute (SDARI), the National Technical University of Athens (NTUA) and Thordon Bearings Inc.The design replaces a vesselās sterntube with an irregular shaped chamber that allows a shorter, water-lubricated propeller shaft to be inspected and maintained while the vessel is afloatā¦
ABB Signs 'Shore-to-Ship' Power deal for Cruise, Ferries in Port of Toulon
Port of Toulon, which handles over 1.6 million ferry and cruise passengers annually, has committed to ABB Shore Connection technology at a key stage in its sustainability drive.With around 1,300 yearly calls from ferries and cruise vessels right in the heart of the city, the port of Toulon plays an important role in developing the attractiveness of the region for business and tourists. The port isā¦
Crowley LNG Bunker Barge to Sport TGE Marine Gas Controls, Tanks
TGE Marine Gas Engineering GmbH (TGE Marine) inked a deal for a 12,000 cu. m. Liquefied Natural Gas (LNG) bunkering barge with Fincantieri Bay Shipbuilding for the design and supply of the cargo handling system including two 6,000 cu. m. bilobe Type C tanks designed to transport LNG at -163°C.The barge will be built by Fincantieri Bay Shipbuilding for Crowley and operate under a long-term charter with Shell NA LNG, LLC.
Kongsberg to Deliver CPP Systems for Four Finnish Navy Corvettes
Kongsberg Maritime signed a contract with Aker Arctic that will see KM supply propellers and shafts for four newbuild SQ2020 corvette ships for the Finnish Navy.The process originated in September 2019 when the Finnish Defense Forces Logistics Command (FDFLOGCOM) contracted Aker Arctic to design and deliver full shaftline system to SQ2020 corvettes and the Rauma Marine Constructions (RMC) yard in Finland to build the vessels.
Høglund Delivers Automation and Control System for Ethane Carrier
Høglund Marine Solutions has delivered an automation and control system for the Pacific Ineos Belstaff, reported to be the worldās largest ethane carrier.Høglund esigned an integrated automation system with ship performance monitor and a customized control system.The technology was created to support Babcock LGEās cargo handling system (CHS) and fuel gas supply system (FGSS) for the vessel, which is owned by Pacific Gasā¦
Capital Ship Management Signs On to Deploy ABS' My Digital Fleet
ABS and Capital Ship Management (Capital) signed an agreement to deploy ABSā digitalization and decarbonization platform in support of Capitalās sustainability strategy.ABS My Digital Fleet is a configurable risk management platform, designed to integrates data to provide AI-driven insights for driving sustainable operations and reducing operational risks. Environmental insights provide visibilityā¦
Glosten Tapped toDesign new Research Vessel for KAUST
King Abdullah University of Science and Technology (KAUST) selected Glosten to design a new ship with advanced capabilities for Red Sea research.The new oceanographic research vessel (RV) will replace the existing RV Thuwal, designed to bring advanced research capabilities for work in both shallow reef and deepwater environments with a reconfigurable deck for multipurpose jobs and equipment and weatherā¦
Naming Ceremony Held for Yinson's Anna Nery FPSO
Malaysian FPSO provider Yinson, with its project partner Sumitomo Corporation named the new FPSO Anna Nery, during a naming ceremony held concurrently in Jiangsu, China and Kuala Lumpur, Malaysia. The FPSO Anna Nery is currently undergoing final conversion works and is going to set sail for Brazil in the third quarter, where it will be deployed at the Marlim Field located in the eastern part of the Campos Basinā¦
Russia's Only Aircraft Carrier Suffers Another Repair Delay
Russia's only aircraft carrier, the Admiral Kuznetsov, has suffered another repair delay and will not reenter service until 2024 at the earliest, Tass quoted a defense source as saying on Tuesday.The ship, launched in 1985, had been due to undergo a refit that would have seen it operational in 2023.The source told Tass that defects in the work had been discovered, and this meant the ship would remain in dock for longer than initially planned.
HHI to Develop Worldās Largest Liquified CO2 Carrier
A next generation ultra large, liquefied carbon dioxide (LCO2) carrier being developed in a groundbreaking project between ABS, Hyundai Heavy Industries Group (HHI), and the Republic of the Marshall Islands (RMI) Maritime Administrator is said to be the worldās largest in terms of LCO2 capacity.The 74,000cm3 design builds on the 40,000cm3 āsuper gapā technology developed in 2021 by HHI, which includes Hyundai Glovisā¦
