Ship Scrap Prices Continues Upward Momentum
Another promising week passed in the sub-continent markets this week, with resurgent Pakistani and Bangladeshi (in particular) markets putting down some show stopping numbers on available units.GMS reports haveing seen several Capes sold for HKC recycling in the mid USD 600s/LDT in recent weeks, especially as chartering rates in this sector have taken a bit of a dip. Tankers keep being introduced into…
Second HKZ Offshore Wind Substation Sets Sail from Dubai
The second High Voltage Alternating Current (HVAC) offshore transformer station topside, delivered by Petrofac and Drydocks World Dubai for the Dutch-German transmission grid operator TenneT, has set sail from the fabrication facility in the UAE, Petrofac said Monday.The 700 MW Beta topside weighs 3,950-tonne. It is being shipped to the Dutch North Sea aboard Boskalis' Mighty Servant 3 heavy lift and transportation vessel.
Fire Dies Down on Ship Carrying Porsches, Audis and Bentleys, with Little Left to Burn
A fire which swept through a cargo ship carrying thousands of luxury cars and adrift off the coast of Portugal's Azores islands has lost its intensity, probably because there is little left to burn, a port official said.The Felicity Ace, carrying around 4,000 vehicles including Porsches, Audis and Bentleys, some electric with lithium-ion batteries, caught fire in the middle of the Atlantic Ocean on Wednesday.The 22 crew members on board were evacuated the same day.
Greece Reports First Fatality after Blaze on Ferry, 10 Still Missing
Firefighters battling for a third day a blaze on a ferry sailing from Greece to Italy recovered on Sunday the body of a passenger listed as missing, Greek authorities said.It is the first reported fatality after rescuers managed to take at least 281 out of 292 passengers and crew to safety from a blaze which broke out on the Italian-flagged Euroferry Olympia early on Friday.The ferry had been on its…
MOL, Toyo Eye Offshore Wind Vessel Collab
Japan-based shipping in giant Mitsui O.S.K. Lines, Ltd. (MOL) and its compatriot Toyo Construction have signed a Memorandum of Understanding (MoU) on evaluating potential collaboration in the offshore wind space.The companies aim to open up new business opportunities for work vessels that will be required for offshore wind power projects, based on the demand for vessels related to offshore wind power business in…
Felicity Ace Still Ablaze, Towing Vessels En Route
A ship carrying around 4,000 vehicles, including Porsches, Audis and Bentleys, that caught fire near the coast of the Azores will be towed to another European country or the Bahamas, the captain of the nearest port told Reuters on Friday.Lithium-ion batteries in the electric cars on board the vehicle carrier Felicity Ace have caught fire and the blaze requires specialist equipment to extinguish, captain…
Lukashenko Expects Russia to Build a Port for Belarus Potash Exports
Belarus President Alexander Lukashenko expects Russia to build a new Baltic Sea port for exports of Belarusian potash which were hit by Western sanctions, he said on Friday after he met Russian President Vladimir Putin.The two leaders met as Russia held military exercises in Belarus as part of a buildup of troops near Ukraine that has prompted Western warnings of an imminent Russian invasion. Moscow…
REG and Bunker Holding Partner to Advance Marine Biodiesel Use
Bunker trader and supplier Bunker Holding Group and renewable fuels producer and supplier Renewable Energy Group, Inc. are partnering to further develop the U.S. and EU marine markets for sustainable bio-based diesel.The collaboration agreement is initially focused on opportunities in North America and Europe, where trials of B20 and B30 are being run in high-traffic regions of both continents.For REG…
Interview: Inside Cadeler X-Class WTIVs with CEO Mikkel Gleerup
Cadeler CEO Mikkel Gleerup shares insights on the path ahead for his company in the fast-growing offshore wind sector, with details on Cadeler’s new X-Class Wind Turbine Installation Vessels.The last two years were big year for your company, with a name change from Swire Blue Ocean and IPO at the end of 2020 and a rebranding through 2021. What was the rationale for these moves?We rebranded from Swire Blue Ocean to Cadeler end of 2020 to demonstrate that this was a separation from Swire.
Farsounder Recommends Propspeed FoulFree for Sonar Transducers
Propspeed, an innovator of underwater foul-release coatings, received an endorsement from FarSounder, a pioneer in navigation and obstacle avoidance systems, which has tested the Propspeed Foulfree foul-release coating and recommends it for application by their customers, dealers and partner shipyards.“Our unique, patented technology is designed to paint a clear picture of what lies ahead underwater and along the bottom,” said Cheryl Zimmerman, CEO, FarSounder.
Two Trapped, Scores Rescued After Flames Engulf Greece-Italy Ferry
Two people are trapped on a ferry that was engulfed in a blaze as it sailed from Greece to Italy early on Friday, the coastguard said, after scores of others passengers and crew members were rescued.A total of 239 passengers and 51 crew were onboard the Italian-flagged Euroferry Olympia when the fire broke out and rescue vessels had taken most of them to the island of Corfu where ambulances were waiting, the Greek coastguard added."We were woken up around 4:20 a.m.
RINA Grants AIP for Hydrogen-powered MR Tanker
Classification society RINA said it has granted approval in principle (AIP) for a hydrogen-powered MR tanker designed by FKAB Marine Design using currently viable technology and fuels that achieves IMO 2050 targets.Conceived by the class society and designed by FKAB, the propulsion is based on combining the ship’s fuel (LNG) with steam to produce hydrogen and CO2. The MR LNG/hydrogen-fuelled vessel…
Want to stop a Drug Smuggling Boat? Try out a High Power Microwave Weapon Systems
Videos of U.S. military personnel stopping drug-smuggling boats are exhilarating and frightening. They are not Hollywood movies but real-life, dangerous encounters on the high seas. In each of those instances, the use of force applies. The High Power Microwave (HPM) Weapon Systems Division at Naval Surface Warfare Center Dahlgren Division (NSWCDD) makes those encounters safer for everyone involved.“A significant portion of what we do focuses on vessel stopping…
DSME Taps GTT to Design Tanks for Maran's New LNG Carriers
French engineering firm GTT announced it has received an order from South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the tank design of…
Brimming European LNG Terminals Have Limited Space for More Gas
Europe's liquefied natural gas (LNG) terminals have limited available capacity to absorb extra supply from the United States or other major producers in the event of Russian gas disruption if it invades Ukraine.Concerns are mounting that Russia, which provides around a third of Europe's gas, is preparing to invade Ukraine which could disrupt gas flows to Europe. Russia has repeatedly denied it is preparing to invade Ukraine.The U.S.
Strong Demand for Police and Fire Boats with More Orders on the Horizon
Today, despite an abundance of market challenges and supply chain headaches, many of America’s police and fire boat builders are in possession of the shipyard holy grail: a healthy backlog.Dave Hunt, business development and project manager for Theodore, Ala. based Silver Ships said vessel orders from police and fire agencies have been on the rise and that the expectation is that this trend will continue.
Prysmian to Open Submarine Cable Plant in the US
Prysmian Group said it is moving ahead with its project for a new submarine power cable plant in the U.S., announcing the signing of the contract for the purchase by Prysmian of the site identified in Brayton Point (Massachusetts). The final acquisition of the site is subject to securing state permits for the construction of the new plant. if approved, the total investment to build the new plant will amount to around $200 million.Finalization of the plans for the U.S.
Wilhelmsen Acquires Stake in Reach Subsea
Wilhelmsen has acquired a 21% stake in Reach Subsea ASA, and together the firms will form a strategic partnership to commercialize the Reach Remote concept, bringing Reach Subsea into new industry verticals and geographical regions.Jan Eyvin Wang, Executive Vice President, New Energy at Wilhelmsen says, “We have been actively assessing the subsea market to find a company that could add complementary scale to our ambition within renewables.
SAAM Towage Brazil Cuts Greenhouse Gas Emissions
SAAM Towage Brazil said it has been making strides toward increasingly sustainable operations, with a reported 13% reduction in its greenhouse gas emissions (GHG) in 2021, compared to the base year in 2017.“In 2021 we reinforced our environmental management with more integrated work: reviewing processes, setting sustainability objectives and developing specific procedures that enabled us to cut our emissions…
Fire-stricken Car Carrier Abandoned and Adrift in the North Atlantic
A Panamanian-flagged car carrier is crewless and adrift in the North Atlantic Ocean after a fire broke out in a cargo hold on Wednesday.The Portuguese Navy said it coordinated the rescue of 22 crew members from the Felicity Ace about 90 nautical miles southwest of the island of Faial, in the Azores. The Portuguese Navy's ocean patrol vessel NRP Setúbal and four nearby merchant ships participated in the rescue.The mariners were transported by a Portuguese Air Force aircraft to Horta airport…
