Maritime Charity Launches New Ship to Promote Literacy and Education
An international maritime charity based in Germany has unveiled a new ship to promote literacy, education and cross-cultural cooperation across Southeast Asia.The vessel, Doulos Hope, is the fifth in GBA Ships’ fleet, recently launched following a technical refit and outfitting. At 85.5 meters long and 14 meters wide, with a gross tonnage of 3,370 grt and a maximum speed of 13.5 knots, the vessel is the first of a planned fleet designed to reach new regions and operate in shallower waters…
Stena Line Building Two New Ships for Irish Sea Service
Ferry operator Stena Line announced it is building two new freight vessels for its expanding Belfast-Heysham freight service.Each of the two new 147-meter NewMax vessels has been designed to maximize freight volumes and will provide 2,800 lane meters of capacity which is an 80% increase on current ship capacities. The new vessels will be equipped to carry 12 passengers and 26 crew.The vessels will be able to operate on methanol fuel.
IFCHOR Galbraiths Acquires UNO Offshore
International shipbroker IFCHOR Galbraiths (IG) will be providing offshore brokerage services in the oil and gas market following its acquisition of Norwegian offshore specialist UNO Offshore.Founded in 2010, with a seven-strong team based in Bergen and Haugesund, UNO Offshore focuses on providing chartering, newbuild, sale and purchase, research and consulting services related to the oil and gas sector.
India Eyes Green Hydrogen Bunkering at Major Ports by 2035
India has set a deadline of 2035 to establish green hydrogen bunkering and refuelling facilities at major ports in the drive to cut its carbon footprint, the shipping ministry said in guidelines issued on Wednesday.One of the world's biggest emitters of greenhouse gases, India aims to cut emissions to net zero by 2070, and the shipping minister said three of its ports would initially have bunker facilities for green hydrogen and ammonia."Our target is to cover all 12 major parts with a green hyd
US Forms Council to Advise on USMMA Improvements
The U.S. Department of Transportation has formed a new advisory council to help drive improvements at the U.S. Merchant Marine Academy (USMMA), a service academy in Kings Point, N.Y.According to the DOT, establishment of the USMMA Advisory Council fulfills a key recommendation from the National Academy of Public Administration’s (NAPA) November 2021 report entitled “Organizational Assessment of the U.S.
Russian Court Seizes Four Danish-owned Tugboats in Sakhalin
A Russian court on the Pacific island of Sakhalin has ordered the provisional seizure of four tugboats belonging to Denmark's Svitzer, the world's biggest tugboat operator, at the request of a Russian energy company. Moscow has been seizing the assets of some Western companies which have left the country or are scaling back their business there in response to the conflict in Ukraine and Western sanctions.
MODEC to Deliver Highly Complex FPSO for Equinor's $9B Project Offshore Brazil
Japanese FPSO supplier MODEC has won a contract with Equinor to supply an FPSO vessel for the BM-C-33 block of the Campos Basin offshore Brazil. The order comes just days after Equinor and its partners Repsol Sinopec Brasil, and Petrobras took the $9 billion investment decision to develop the BM-C-33 project in Brazil. Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar…
Brazil on Track to Become World Maize Export Leader in '23
“Brazil remains on track for a record maize harvest this year, and exports could rise 8% in 2023. Brazil could thereby become the world’s largest maize exporter this year, which would partially offset weaker harvests in the US, Argentina, and Ukraine, and benefit panamax and supramax ships,” says Filipe Gouveia, Shipping Analyst at BIMCO.Exports of Brazilian maize are expected to strengthen from June onwards as Brazil harvests this year’s second maize crop, commonly known as “safrinha”.
Nominations Open for IMRF Awards 2023
Nominations have opened for this year’s International Maritime Rescue Federation (IMRF) annual awards, which looks to recognise volunteer and professional maritime search and rescue (SAR) personnel from around the world.This year’s awards, which will be the eighth to take place, will also focus on those who have dedicated their lives to developing maritime SAR services, as well as those developing innovative technology and equipment…
Outbound Inspections Resume Under Black Sea Grain Deal
The United Nations said inspections resumed on Tuesday of outbound vessels under a deal allowing the safe Black Sea export of Ukraine grain, which Moscow has threatened to quit on May 18 over obstacles to its own grain and fertilizer exports.There were no inbound or outbound inspections of ships on Sunday or Monday.The U.N. and Turkey brokered the Black Sea export agreement in July to help tackle a global food crisis that has been worsened by Moscow’s war in Ukraine.
Macquarie Expects $1 Billion from Sale of US Port Terminal Operator Ceres
Australia's Macquarie Group Ltd is looking to sell its North American port facilities business, Ceres Terminals, for about $1 billion, the Wall Street Journal reported on Tuesday citing sources familiar with the matter.The financial conglomerate acquired full control of the general cargo stevedoring operations in 2019 from Tokyo-based shipping and logistics firm Nippon Yusen Kaisha (NYK Line).Ceres moves about 4.3 million containers annually at several major ports in the United States, according
DSC Dredge Names Louviere VP of Operations
Over the last few months Reserve, La. based dredging equipment manufacturer DSC Dredge has been redefining its team by investing in them, promoting from within and adding fresh perspectives. On April 23, 2023, DSC Dredge introduced Josh J. Louviere as vice president of operations. In his new role, Louviere will lead and oversee all aspects of the company’s operational activities. With over 16 years of experience in manufacturing and industrial equipment automation…
Young Named VP Production Ops at Austal USA
Austal USA promoted Chris Young to Vice President of Production Operations. Young, formerly Senior Director of Production, is a 26-year veteran of Austal with 19 of those years spent at Austal USA’s new construction manufacturing facilities in Mobile. Young’s tenure with Austal began immediately following school in Perth, Australia, when he joined the company as a structural engineering apprentice.
Ship Recycling Market Slows
As the ship recycle market enters a period of contraction going into the traditionally weaker and quieter summer / monsoon months, sentiments have declined across the sub-continent markets (and even Turkey) this week, according to GMS. To compound the bearish ship recycling sentiments, local steel plate prices have further weakened at key destinations and LME steel futures show few signs of any sort of recovery in the immediate future.That said…
Why the EU is Restricting Grain Imports from Ukraine
The European Commission has announced restrictions on the imports of Ukrainian wheat, maize, rapeseed and sunflower seed in Poland, Hungary, Romania, Slovakia and Bulgaria until June 5.The move led to Poland, Hungary, Slovakia and Bulgaria lifting unilateral import bans they had imposed citing the need to protect their farmers. Romania had not banned imports.Here are some of the issues:WHY IS UKRAINE…
SMST to Provide 'World's Largest' 3D Motion Compensated Cranes for Windcat Offshore's CSOVs
Dutch offshore equipment supplier SMST has been awarded a contract by Damen Shipyards to deliver two sets of mission equipment for the two newbuild Elevation Series CSOVs for Windcat Offshore. SMST will deliver a gangway combined with access & cargo tower and "world’s largest" 3D Motion compensated crane.The Elevation Series CSOVs have been designed by Damen Shipyards in cooperation with Windcat and CMB.TECH.
Telenor Maritime Partners with Globetech
Telenor Maritime has entered into a collaboration agreement with Globetech AS in a move intended to strengthen potential for business development and provide greater market access for both partners.Globetech is a provider of ICT technology and services for vessels and floating offshore installations worldwide. Its expertise in delivering safe and reliable infrastructure solutions and ICT services for…
USACE Mobile District Adds New Survey Vessel
The U.S. Army Corps of Engineers, Mobile District and Tennessee-Tombigbee Waterway Development Authority held a ceremony to officially welcome a new survey vessel to its fleet in Columbus, Miss., April 28, 2023.The Miss Agnes, built by Theodore, Ala. based Silver Ships, is a custom 26-foot multibeam and single beam capable marine survey vessel that features an enclosed center console, a three-monitor survey station, and an air conditioner unit that is paired with a generator.
Baltic Index Rises on Strong Capesize, Supramax Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday, aided by higher rates for capesize and supramax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 40 points, or 2.6%, to its highest in eight weeks at 1,598.The capesize index was up 125 points, or 5.2%, at 2,509 — its highest since Dec.
SAAM Sales Up, Net Income Down in Q1 '23
SAAM reported comparable net income of $18.9 million for the first quarter of 2023 (-19%). This figure excludes $1.3 million in extraordinary accounting losses related to the binding agreement to sell the port terminal and associated logistics operations to Hapag-Lloyd.Sales totaled $218.1 million (+8%) and consolidated EBITDA $67.7 million (-4%)."During the period we saw a decrease in volumes at our port and logistics operations…
