Schmidt's Newly Refitted Research Vessel Falkor (too) Launched
Schmidt Ocean Institute announced that its newly refitted research vessel has been launched and is ready to be used by scientists worldwide to push the frontiers of deep sea expedition.Funded by Schmidt Ocean Institute founders Eric and Wendy Schmidt, the 110-meter global-class research ship, Falkor (too), was refit at Freire Shipyard in Vigo, Spain, with sea trials taking place off Puerto Rico. It…
EU Backs Project to Minimize Methane Slip from Marine Engines
A consortium has secured European Union funding to develop solutions minimizing methane slip from marine engines, advancing the environmental and climate benefits of liquefied natural gas (LNG) as a ship fuel.Coordinated by VTT Technical Research Centre of Finland, the Green Ray project brings together several companies from across the shipping value chain: shipyard Chantiers de l’Atlantique, ship owner CMA CGA…
DP World Invests $35 Million in Port of Santos
DP World announced it will invest $35 million in 2023 to expand and modernize its facilities on the left bank of Brazil’s Port of Santos.With the investment, the company plans to increase annual movement capacity from 1.2 million TEUs to 1.4 million TEUs and expand the size of the quay from 1,100 meters to 1,300 meters. The terminal currently inhabits 845,000 square meters, with an additional 130,000…
CMA CGM Expects Marked Slowdown Will Continue in 2023
CMA CGM expects the marked slowdown seen in the fourth quarter of 2022 to continue in the current year, the French transport and shipping group said on Friday, citing inflationary pressures weighing on consumption.The company based in Marseille and privately controlled by the founding Saade family, said it expects balance between supply and demand to remain challenging in 2023, as capacity is expected to increase in both maritime shipping and air freight.Demand prospects seem uncertain, CMA CGM
Virtual Marine Expands Representation in Australia and New Zealand
Canada-based marine simulation training firm Virtual Marine Technology Inc. announced it has signed a strategic market representation agreement with New Zealand's Global Marine Technical Services (GMTS), extending its in-country coverage to Australia and New Zealand. The deal includes representation for Virtual Marine’s products within New Zealand and Australia, as well as other areas in the Indo-Pacific region.With a range of desktop to full mission motion systems…
PowerCell to Deliver World’s Largest Marine Hydrogen Fuel Cells
Hydrogen fuel cell supplier PowerCell announced it has signed an agreement to deliver hydrogen fuel cells to two ships operating on Norway's longest ferry route. The order has a value of €19.2 million, and represents the largest non-combustion fuel propulsion project to date in the global marine industry, the company said.PowerCell will work to deliver the solution with Norwegian systems developer and integrator of low- and zero-emission marine solutions SEAM…
Baltic Dry Index Rises for Second Week
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, climbed to a two-month peak on Friday, as well as marked its second straight weekly rise, supported by improving demand for capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 66 points, or 5.8%, to 1,211, its highest since January 3.The main index rose about 37.2% for the week.Among other vessel segments…
MMA Offshore's Vessel Trio Nets Offshore Wind Contracts in Taiwan
Australian offshore support vessel owner MMA Offshore said Friday it had secured three contracts supporting offshore wind farm developments in Taiwan during 2023.The three contracts, with firm periods totaling 370 days, will increase the company’s contracted revenue by a total of approximately A$30 million (currently USD 20,2 million) and could provide additional revenue of approximately $15 million from 180 days in additional option periods.In March 2023…
Oil Spill from Sunken Tanker Threatens Marine Ecosystems in the Philippines
Environment and disaster authorities in the Philippines rushed to contain an oil spill on Friday from a sunken fuel tanker that has reached coastal towns on a large central island, warning of dangers to marine ecosystems if more oil leaks. The tanker, MT Princess Empress, was still missing on Friday after sinking en route to Iloilo province carrying about 800,000 litres (211,338 gallons) of industrial…
27m CTV Hybrid Selected by HST Marine
BMT said its StratCat 27 CTV design has been selected by HST Marine, a Purus Company, as one of its CTV vessel designs for the expanding European offshore wind market. Built by Strategic Marine, four hybrid StratCat 27 Crew Transfer Vessels (CTVs) will be delivered in the first half of 2023. This quartet of deliveries will be the first parallel hybrid propulsion CTVs to be built in Asia. The CTVs are…
Edda Wind Orders Four CSOVs from Fincantieri's Vard
Italian shipbuilder Fincantieri, through its subsidiary Vard, has signed a contract with offshore wind vessel operator Edda Wind, for the construction of four Commissioning Service Operation Vessels (CSOV). The first two vessels are expected to be delivered in Q1 2025, the third in Q2 2025, and the fourth in Q1 2026. The contract has a total value of approximately $250 million, Fincantieri said.Edda Wind has also secured options for 2+2 additional CSOVs at the same contract prices…
