Diana Shipping Sells 2005-built Bulker for $15 Million
Dry bulk shipowner Diana Shipping on Wednesday announced it has signed a memorandum of agreement to sell one of its older vessels.Diana said it sold the 2005-built Capesize vessel Aliki to an unnamed…
Hapag-Lloyd Buys Stake in India's J M Baxi Ports & Logistics
German shipping company Hapag-Lloyd announced it has signed a binding agreement today under which it will acquire 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a Bain Capital Private Equity affiliate.Additionally, Hapag-Lloyd AG signed a binding agreement with JMBPL and its promoters, the Kotak family, to subscribe to a capital increase by the company and raise Hapag-Lloyd’s shareholding to 40%.
US Coast Guard and Space Force Partner on R&D
The United States' Coast Guard and Space Force are teaming up to share information resources and identify opportunities for applied research and advanced technology development.A memorandum of understanding (MOU) inked by the U.S. Space Force Science, Technology, and Research Directorate and U.S. Coast Guard Research and Development Center on January 19 will expand Space Force access to USCG Research and Development Center facilities, infrastructure and personnel.USSF Dr.
Grimaldi Orders More Ammonia Ready Car Carriers
The Grimaldi Group announced it has exercised its option for the construction of five additional ammonia-ready 9,000 CEU car carriers from China Merchants Heavy Industries Jiangsu, part of China Merchant Industry Holdings (CMI).Grimaldi announced its initial order for five new pure car and truck carrier (PCTC) vessels from CMI in October. The 10 vessels are scheduled to be delivered between 2025 and 2027 and will be deployed on voyages between Europe…
US Coast Guard Says Freeport LNG Hazard Study Addresses Its Requirements
The U.S. Coast Guard determined that a Hazard and Operability study for the Freeport LNG plant in Texas addresses its requirements, according to a regulatory filing on Wednesday, bringing the fire-idled facility one step closer to a restart.Freeport LNG may begin three phases for partial operations following approval by the Federal Environmental Regulatory Commission and Department of Transportation.(Reuters - Reporting by Arathy Somasekhar, Editing by Rosalba O'Brien)
Shipbuilding: Cadmatic and CONTACT Software Partner
Engineering and industrial software providers Cadmatic and CONTACT Software have partnered to bring the first shipbuilding-specific product lifecycle management (PLM) solutions to shipyards.Cadmatic, a ship design and information management solution provider for the marine industry, said it will utilize the CONTACT Elements platform and its apps to deliver a broader scope of shipbuilding-specific digitalization…
Corvus Energy Opens New US Factory
Corvus Energy this week celebrated the grand opening of its new battery factory in Bellingham, Wash., amid growing demand for energy storage systems in the U.S. marine industry.Located in Fairhaven at the Port of Bellingham, the new battery plant produced its first Orca battery module in November 2022 and has already delivered several orders.“We have seen a significant uptake in opportunities for maritime batteries from the U.S. market,” said Geir Bjørkeli, CEO of Corvus Energy.
Methanol Bunkering Carried Out in the Port of Gothenburg
A milestone for the use of methanol as a marine fuel was achieved in the Port of Gothenburg on Monday, as methanol propelled vessel Stena Germanica was the first non-tanker vessel in the world to be bunkered with methanol ship to ship.“This is a door-opening demonstration, proving that there is a feasible way to handle ship to ship methanol bunkering. This strengthens our position as a bunker hub and…
Missile Strikes Turkish-owned Cargo Ship in Ukraine
A Turkish-owned general cargo ship was struck by a missile in the port of the southern Ukrainian city of Kherson, sparking a fire, according to video footage from…
Nigeria Opens 'Game Changer' Billion-dollar Deep Seaport
Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country's ports and help it become an African hub for transshipment, handling cargoes in transit for other destinations.President Muhammadu Buhari has made building infrastructure a key pillar of his government's economic policy, and hopes that this will help his ruling party win…
Lebanese Blast Investigator Charges Former PM, Top Public Prosecutor
The judge probing the 2020 Beirut blast has charged Lebanon's top public prosecutor, the then-premier and other senior current and former officials in connection with the devastating explosion, judicial sources said and court summons show.Judge Tarek Bitar unexpectedly resumed an inquiry on Monday after it was paralysed for more than a year by political resistance and legal complaints filed by top officials he was seeking to question.The explosion on Aug.
New Survey Vessel Delivered to USACE Portland Distric
The U.S. Army Corps of Engineers’ Portland District officially welcomed its newest hydrographic survey vessel, the Beeman, with a dedication and christening ceremony in Newport, Ore., on January 11.The Beeman, whose name honors the legacy of Ogden Beeman, chief of the Portland District’s Waterways Navigation Branch from 1960-1967, replaces and continues the work of the district’s aging vessel, the Patterson…
Cargo Ship Sinks Off Japan, Leaving Two Dead, Nine Missing
Two people died and nine were missing after a cargo ship sank off southwestern Japan early on Wednesday amid fierce winter winds, the coast guard said, as it continued to search for survivors.Six people who were rescued remained unconscious, while five had revived as of 8:30 p.m. local time (1130 GMT), the Japan Coast Guard said, partly citing information from its South Korean counterpart.The 6,651…
Offshore Wind: IWS Fleet Orders Two More CSOVs from Chinese Shipbuilder
IWS Fleet AS has ordered two more Walk-to-Work commissioning service operations vessels (“CSOV”) from China Merchants Industry Holdings Co., Ltd.The company said Tuesday that the two newbuilds would be delivered in the second quarter of 2025. Following the delivery, the offshore wind vessel owner will have a fleet of six identical Skywalker class vessels designed specifically to support commissioning works during the construction of wind farms…
Armach Robotics Promotes John Dunn to COO
Armach Robotics announced it has promoted its operations VP John Dunn to chief operating officer.Armach, which uses small autonomous robots to keep ships clean and collect hull data that can inform future maintenance and operations, hired Dunn when the company was launched in late 2021, as a spin-off company by marine software company Greensea Systems.In his new role, Dunn continues to play a central role in further developing and overseeing Armach’s ongoing business operations.
Socatra to Install Rotor Sails on Its MR Tanker Alcyone
French ship owner and operator Socatra has signed a contract with auxiliary wind propulsion systems manufacturer Norsepower for the retrofit installation of two Norsepower Rotor Sails️ on the medium range (MR) tanker Alcyone.The 50,000 dwt, 2022 built, French flag tanker - chartered by global energy company TotalEnergies – will be retrofitted with two 35 m x 5 m Norsepower Rotor Sails. The units will be delivered in December 2023 from Norsepower’s new production hub in China…
Onshore Funding for US Offshore Wind
Most of the media coverage of offshore wind development in the United States focuses on the leases of the offshore areas where the wind turbines will be located. However, equally important is the landside dimension of these projects, including the manufacture, installation, maintenance and operation of the turbines. Several awards made in the last two rounds of funding under the Port Infrastructure…
Cromarty Firth Port Wins Monopile Marshalling Deal for Moray West Offshore Wind Farm
Developers of the Moray West offshore wind farm in the UK have selected Invergordon port in the Cromarty Firth, Scotland, as the location for marshalling all 62 monopiles prior to installation as part of the Moray West offshore wind farm. The wind farm is being developed by Ocean Winds, a 50-50 joint venture owned by EDP Renewables and ENGIE."Moray West has signed a multi-million pound contract with…
Container Shipping Giants Maersk, MSC to End Alliance from 2025
Container shipping firms MSC Mediterranean Shipping Company (MSC) and Maersk have mutually agreed to terminate, effective in January 2025, their 2M alliance.2M is a container shipping line vessel sharing agreement (VSA) introduced in 2015 " with the aim of ensuring competitive and cost-efficient operations on the Asia-Europe, Transatlantic and Transpacific trades."In a joint statement on Wednesday, CEO Vincent Clerc of A.
Iron Ore Shipments Drop 13.1% to Start 2023
2023 has so far been a disappointment for the dry bulk shipping sector, despite hopes that a quick economic recovery in China would boost iron ore demand,. During the first three weeks of the year, iron ore shipments fell 13.1% year on year, the lowest volume since at least 2019, worsening conditions for capesizes. In this period, the Baltic Dry Index (BDI) declined by almost 500 points to 763 on 20 January…
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