Everett Ship Repair Names New Drydock
On Wednesday, May 4, 2022, Everett Ship Repair, LLC (ESR) hosted a naming ceremony and grand opening for their newest drydock, the Emerald Lifter. The Emerald Lifter, formally the Zidell 220, was relocated to ESR’s facility at the Port of Everett last month. ESR performed maintenance and preservation before it was put into operation on May 3, with it’s first drydocking.The Emerald Lifter has a lifting capacity of 2,000 tons and a working deck of 220’ x 62’.
Raytheon, BMT, Austal Unveil Australian Independent Littoral Maneuver Vessel Design
Raytheon Australia, BMT and Austal Australia are working together in a bid to deliver the new Australian Independent Littoral Maneuver Vessel, or ILMV, for the Australian Army.If selected to deliver the Army’s LAND 8710-1A program, Raytheon Australia will lead the team to deliver the BMT-designed vessel, which will be built by Austal at the Henderson shipyard in Western Australia. Thee Australian ILMV is based on a proven design and tailored for the Australian environment…
Cadeler Raises $91,25M for Newbuild Wind Turbine Foundation Installation Vessel
Danish offshore wind turbine and foundation installation firm Cadeler has raised EUR 86 million (around $91,25M) via a private placement, with the plan to use the cash to fund a part of the construction of a new "hybrid" offshore wind farm foundation installation vessel.Announcing the private placement plans on Wednesday, the company said it was in talks with COSCO over a potential order to construct a purpose-built ship for the installation of large offshore wind farm foundations.
CNOOC Awards $2.4B Contracts for Construction of 12 LNG Carriers
China National Offshore Oil Company (CNOOC) has awarded 16 billion yuan ($2.42 billion) worth of contracts to build 12 liquefied natural gas tankers, the largest of their kind in the country, the company said on Thursday.China is the world's largest buyer of the super-chilled gas, while CNOOC is the country's largest importer of the fuel and among the state majors leading a drive to expand their LNG fleet to meet rising import needs and facilitate fast-growing global trade.
Inmarsat Says Its 'Fleet Xpress Enhanced' Enables Digitalization, Decarbonization, and Crew Wellfare
Maritime satellite communications company Inmarsat now offers a service called 'Fleet Xpress Enhanced', which it says enables digitalization, decarbonization, and crew wellfare for the global shipping sector,."Fleet Xpress, enhanced by Fleet Edge, brings together the best of Inmarsat connectivity solutions to help global shipping companies harness the full power of a connected maritime ecosystem,"…
Steeprop to Ferry Owners: Focus on TCO Instead of kW-power to Optimize Costs
Companies planning a new ferry build should focus on the Total Cost of Ownership (TCO) instead of kW-power, in order to optimize costs, Steeprop, a designer and manufacturer of azimuth propulsion systems, said.Choosing the propulsion unit based mainly on Capex, for example, will most likely increase costs in the long run, adding that a ferry owner can save more than two million euros over a 15-year…
Suez Canal Sees Record Monthly Revenue in April on Higher Traffic
Egypt's Suez Canal recorded its highest monthly revenue to date in April, reaping $629 million in ship transit fees, the authority managing the waterway said, as traffic rebounded from the impact of the pandemic.The monthly revenue in April was 13.6% higher than a year ago, canal authority chairman Osama Rabie said in a statement.The total number of ships that passed through the 193 km (120 miles) waterway that links the Red and the Mediterranean seas increased by 6.3% from a year ago to 1,929 v
DEME Offshore, Barge Master Develop Feeder Solution for U.S. Offshore Wind Farms
Belgian offshore installation firm Deme Offshore and Dutch company Barge Master, which specializes in offshore motion compensation systems, have partnered up to further develop a U.S. Jones Act-compliant feeder solution for the upcoming offshore wind projects in the U.S.Last year, DEME Offshore was selected by wind farm developer Vineyard Vind to provide the offshore transport and installation of 62 GE Haliade offshore wind turbines for the Vineyard Wind 1 project…
Cadeler in Talks to Order Offshore Wind Foundation Installation Vessel
Danish wind turbine installation company Cadeler is contemplating a private placement of shares to raise funds to pay for a portion of a planned order for a newbuild offshore wind foundation installation vessel (F-Class) vessel.The company, which owns two offshore wind turbine installation vessels, with another two (X-class) on order, said Wednesday it planned to raise between $70 – 90 million through…
Baltic Index Nears 6-week High on Capesize, Panamax Gains
The Baltic Exchange's main sea freight index rose to a near six-week high on Wednesday, helped by higher rates for capesize and panamax segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 73 points, or 3%, to 2,485 points, the highest since March 25.The capesize index rose 172 points, or 8%, to 2,319 points. Average daily earnings for capesizes…
Navios Maritime Partners Buys Four Tankers. Signs Charters for Two
Navios Maritime Partners, an owner and operator of dry cargo and tanker vessels, said Wednesday it had agreed to buy purchase four 115,000 dwt LR2 (Long-range 2) newbuilding tankers, for a purchase price of $58.5 million each plus $4.2 million in additional features/improvements."The vessels have been designed with the latest technology to optimize efficiency. They are expected to be delivered into Navios Partners’ fleet during 2024 and first quarter of 2025.
Tackling Shipping Emissions: e1 Marine's Methanol to Hydrogen Generator Gets LR AiP
e1 Marine M-series methanol to hydrogen generator has received Approval in Principle (AiP) for marine applications from class society Lloyd’s Register.The AiP represents an important landmark for demonstrating the compliance of e1 Marine’s technology with all applicable regulations, codes, and standards. This will act as a springboard for enabling the demonstration of the generator across different maritime sectors, from ports and towboats to offshore and deepsea vessels.
Robotic Hull-cleaning Firm Armach Announces Key Appointment
Following its public launch in March 2022, Armach Robotics, the robotic hull-cleaning subscription service has now promoted Karl Lander to Director, Regulatory Compliance and Outreach.Lander is a 25-year maritime veteran including 20 years in the US Coast Guard. He joined Armach as Senior Program Manager from sister company Greensea Systems where he served as Director, Hull Robotics. In his new role…
Intellian to Launch New Factory in South Korea
Satellite communications solutions company Intellian is set to launch another factory in Pyeongtaek, South Korea, marking an expansion of the company’s HQ base. The new factory, expected to be operational from August 2022, is located 4 km from the existing factory."The new facility and existing factory will run simultaneously, providing unparalleled production capacity of all existing product lines across maritime and land sectors…
United States Can Seize Russian Superyacht, Fiji Court Rules
Fiji court ruled on Tuesday that the United States can seize a Russian-owned superyacht, 21 days after it arrived and was impounded by police, as the United States…
China Lockdowns May Worsen Container Congestion, Maersk Says
Bottlenecks in global container shipping could worsen later this year as a result of new COVID-19 lockdown measures in China, shipping group Maersk warned on Wednesday.Maersk, often seen as a barometer for global trade, said a surge in consumer demand, pandemic-related congestion in major ports and more recently an airspace closure following Russia's invasion of Ukraine have slowed down container shipments…
Ukraine Tells Grain Transshipment Firms in Danube Ports to Reduce Prices
Ukraine on Wednesday called on Danube ports' grain transshipment companies to reduce prices or else the state will be forced to restrict them administratively, the agriculture ministry quoted deputy minister Taras Vysotskiy as saying.An interior ministry official said on Tuesday that with Ukraine's Black Sea ports blocked by Russia, grain exporters looking to use Danube ports had faced a rapid and unjustified increase in tariffs.
Snarled-up Ports Point to Worsening Global Supply Chain Woes
Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China's COVID-19 lockdowns, Russia's invasion of Ukraine, and other strains cause even longer delays at ports and drive up costs.The study by analysts at Royal Bank of Canada (RBC) found that one-fifth of the global container ship fleet was currently stuck in congestion at various major ports.In China, ships awaiting berth at the Port of Shanghai now tally 344…
Maersk Makes Last Cargo Shipment to a Russian Port
Shipping group Maersk made its last cargo shipment to a Russian port this week and took impairment losses and writedowns of $718 because of Russia's invasion of Ukraine, the Danish firm said on Wednesday.Maersk, which has decided to withdraw completely from Russia, carried out its last cargo operation in a Russian port on Monday, but still has 20,000 containers stranded in Russia.Maersk said in March it would sell all its assets in Russia…
Vopak, Gasunie Team Up to Build Hydrogen Import Infrastructure in Dutch, German Ports
Vopak, a Dutch natural gas infrastructure and transportation company operating in the Netherlands and Germany, has teamed up with the tank storage firm Gasunie to jointly develop future terminal infrastructure projects for hydrogen import into Northwest Europe via Dutch and German ports. The two companies have collaborated in the Gate LNG terminal in the Port of Rotterdam that came into operation in 2011."Alongside domestic production of hydrogen…
