ClassNK Grants AIP for Ammonia-fueled 200,000 DWT Bulk Carrier
Classification society ClassNK has issued an approval in principle (AIP) for an ammonia fueled 200,000 DWT type bulk carrier jointly developed by ITOCHU Corporation, Nihon Shipyard Co., Ltd., Mitsui E&S Machinery Co., Ltd., Kawasaki Kisen Kaisha, Ltd. (âKâ LINE), and NS United Kaiun Kaisha, Ltd.ClassNK said it carried out the design review of the vessel in line with Part C of its "Guidelines for Ships Using Alternative Fuelsâ.
Vessel Autonomy in Offshore Wind: Scaling up Ops via Tech, Regulation
Autonomous technology is adding value to the offshore wind (OSW) industry, its supply chains and government policy with the potential to deliver benefits such as increased operational efficiency and safety, and reductions in human error and operational costs. With the unique needs for wind leases and their relative close proximity to shore, a wider group of systems and technologies can be deployed.AâŠ
GAC Group Names New Group President
Shipping, logistics, and marine services provider GAC Group has appointed Pontus Fredriksson as its new group president, effective January 2023.Bengt Ekstrand, who has held the position for the past 10 years, will take on the role of Executive Co-Chairman alongside GACâs long-standing Executive Chairman Björn Engblom."Ekstrandâs tenure began at a time of economic turmoil in the Eurozone and expanding armed conflicts in the Middle East.
Siem Offshore Bags Charter for Multi-purpose Support Vessel
The Norwegian offshore vessel owner Siem Offshore has entered into a one-year firm contract plus options for the multi-purpose support vessel Siem Dorado with an undisclosed client. The contract will start in direct continuation of the current contract, and operations are expected to be primarily outside the North Sea.Built in 2009, the Siem Dorado is a diesel electric-driven vessel. It is designed to meet the general offshore supply market with its 100-ton compensated offshore craneâŠ
Woodside Energy Delivers LNG from Australia's North West Shelf to Europe
Australian oil and gas company Woodside Energy said Monday it had delivered an LNG cargo to Europe on board the Woodside Rees Withers LNG carrier from Australiaâs North West Shelf.
Baltic Index Hits 1-week High as Vessel Rates Gain
The Baltic Exchange's dry bulk sea freight index .BADI touched a one-week high on Thursday, propelled by stronger demand across vessel segments.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels carrying dry bulk commodities, added 58 points, or about 4.9%, to 1,242.The capesize index jumped 165 points, or 13.5%, to 1,384, its highest since Nov. 14. Average daily earnings for capesizesâŠ
Reach Subsea to Add Two ROV Support Vessels to Its Fleet
Norwegian subsea services company Reach Subsea said Thursday it had struck a deal to expand its operating fleet with two ROV support vessels.The company said it had secured "significant vessel capacity for the coming four years" through a deal to buy the multipurpose ROV support vessel Edda Sun for $29 million and through a charter contract for the multipurpose ROV support vessel Go Electra with a durationâŠ
Vigor Wins Repair Contract for Hospital Ship USNS Mercy
Portland, Ore.-based Vigor Marine has been awarded a contract for a 90-calendar day shipyard availability for a mid-term availability of Military Sealift Commandâs hospital ship USNS Mercy (T-AH 19).The $20,187,816 firm-fixed-price contract includes a base period and options, which if exercised, would bring the cumulative value of this contract to $20,915,538. Work will be performed in Portland, Ore., beginning January 16, 2023, and is expected to be completed by April 15, 2023.
Proman Stena Bulk Names Its First Methanol-fueld Tanker in Trinidad & Tobago
In a ceremony held in Trinidad and Tobago on November 23, 2022, Proman Stena Bulk Ltd formally named its first newbuild IMOIIMeMAX methanol-fueled 49,900 DWT vessel, Stena Pro Patria.Stena Pro Patria is the first of three methanol-fueled vessels delivered in 2022 to the joint venture between tanker company Stena Bulk and the methanol producer Proman, with a further three newbuilds due for deliveryâŠ
ABB's Shaft Generator Systems for COSCO's Ten Container Ships
ABB has secured a contract with the Chinese shipyard COSCO Shipping Heavy Industry (Yangzhou) Co. Ltd., to equip 10 China COSCO Shipping Corporation Limited container vessels with its permanent magnet shaft generator systems. Due for delivery by the end of 2025, the order comprises systems for six 14000TEU vessels and four 16000TEU vessels."The International Maritime Organization (IMO) is introducingâŠ
Schottel to Propel Four China-built Wind Turbine Installation Vessels
Schottel azimuth thrusters will propel four newly built wind turbine installation vessels (WTIVs) for Ouyang Offshore in Shanghai.The first vessel will be delivered in the fourth quarter of 2022, and these vessels will be able to install giant 16 MW wind turbines.To ensure DP mode maneuverability and precise positioning, each vessel will be outfitted with two electrically driven Schottel Rudder Propeller type 430 azimuth thrusters and two Schottel Transverse Thrusters type STT 4."For 70 yearsâŠ
Sail Freight: Fair Winds or Grassroot Sustainability?
Climate change advocates and seafarers recently gathered for a small conference at the Hudson Valley Maritime Museum in Kingston, N.Y., to discuss the shipping industryâs struggle to achieve sustainability and environmental compliance.The setting, the hamlet of Rondout, N.Y. (within Kingston), holds significance as it was, ironically, a Hudson River port once considered the largest coal port in the world (yes, the world).
US Kicks Off Unmanned & AI Systems Integration Event in Bahrain
U.S. 5th Fleet began a three-week unmanned and artificial intelligence integration event in Bahrain, Nov. 23, that will involve employing new platforms in the region for the first time.The event, called Digital Horizon, will advance the commandâs efforts to integrate new unmanned technologies while establishing the worldâs first unmanned surface vessel fleet by end of next summer. U.S. 5th Fleetâs efforts are focused on improving what U.S.
ABS Publishes Detailed Requirements for Composite Repairs
The ABS Requirements for Bonded and Composite Repairs of Steel Structures and Piping is the latest in a portfolio of technical requirements from the classificationâŠ
Russia's Tanker Fleet Too Small to Bypass Oil Price Cap
Russia's oil tanker fleet is too small to fully circumvent a plan by the European Union, G7 countries and Australia to enforce a price cap on its maritime crude exports starting on Dec. 5, analysts and market watchers say.The amount Russia would be unable to export is expected to increase when EU sanctions on Russian refined product shipments take effect on Feb. 5.In all the shortfall could mean Russia halts exports of around 1 million barrels per day (bpd)âŠ
Cobham Satcom Unveils Ku-Ka Dual Band VSAT Antenna
Cobham Satcom, a provider of radio and satellite communications solutions to the maritime and land mobile sectors, has unveiled Sea Tel 1500, a 1.5-meter dual-band, multi-orbit VSAT antenna solution.Available in single Ku- or Ka-band, or as a âtwo antennas in oneâ dual Ku-Ka-band configuration, the Sea Tel 1500 enables vessels to seamlessly switch from Ku- to Ka-band in a simple click. In a world of communication technology transition marked by the emergence of new satellite constellationsâŠ
Baltic Dry Index Snaps Nine-day Losing Streak
The Baltic Exchange's dry bulk sea freight index rose on Wednesday for the first time in ten sessions, helped by an uptick in capesize rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, added 35 points, or about 3%, to 1,184.The capesize index added 127 points, or 11.6%, to hit its highest in a week at 1,219.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making
Debris Analysis Shows Iran-made Drone Attacked Tanker, US Navy Says
The U.S. military on Tuesday said debris analysis has concluded that the same type of Iranian drone that Tehran has supplied to Russia for its invasion of Ukraine was used to attack a commercial tanker off the coast of Oman a week ago.The U.S. Navy's Bahrain-based 5th Fleet published photos and details of its investigation into the attack on the Liberian-flagged Pacific Zircon tanker, including debris from the Shahed-136 drone itself.In a statementâŠ
Xeneta Sees Storm Clouds Gathering for 2023
After over two years of rising rates and overstretched capacity, the rapidly cooling ocean freight market looks set for an âextremely challengingâ 2023, according to Oslo-based Xeneta. An in-depth analysis of the latest real-time ocean and air freight rates, combined with expert trend forecasts, suggests that ocean cargo volumes could fall by up to 2.5%, rates will drop âsignificantlyâ and weak demand will force increased idling of vessels.
Höegh Autoliners Excercises Option to Buy Höegh Trapper
Höegh Autoliners said it has exercised its option to purchase the 2016-buil car carrier Höegh Trapper for a price of $53. million.The purchase price is considered a bargain as the average market value of the vessel estimated by three different brokers was $96 million by the end of Q3.âHöegh Trapper is the fourth bareboat chartered vessel where we declare a purchase option in 2022. By taking direct ownership of the vesselâŠ
