OPEC Fund Partners with IRENA
The OPEC Fund for International Development has signed an agreement with the International Renewable Energy Agency (IRENA) to join the Energy Transition Accelerator Financing (ETAF) platform.The platform is a global initiative that seeks to mobilise funds for renewable energy investments. The OPEC Fund plans to support the platform with up to USD 250 million financing until 2030 to finance renewable energy solutions in its partner countries.The ETAF platform…
ABS Head Delivers Commencement Address to Webb Institute Grads
“We will need your leadership vision, not to mention every ounce of your ingenuity and sweat, if our industry is to meet both the challenges and opportunities we face today.”That was the message from Christopher J. Wiernicki, ABS Chairman, President and CEO to the graduating class of 2023 at the Webb Institute. He explained that Webb Institute alumni can expect to answer the call to leadership during their careers because of their education and training.“Remember…
Samudera Acquires Two Containerships
Samudera Shipping Line announced it has entered into deals to acquire two containerships from "unrelated third parties" for an aggregate acquisition price of approximately $59.9 millionThe new vessels, each with a capacity of 1,500 TEUs, are expected to be delivered in the second half of the year, the company said.Samudera said it entered into the deals on June 7 and that the acquisition will not constitute…
First Methanol-to-fuel-cell Power Chain Demonstrated
As part of the validation of Maritime Partners, LLC’s M/V Hydrogen One inland pushboat, hydrogen fuel cell supplier PowerCell Group and methanol-to-hydrogen technology pioneer e1 Marine in partnership with RIX Industries have conducted a successful string test of their respective technologies for a 200kW propulsion chain. This chain can be multiplied and scaled to a megawatt level.The result of the…
Dredging: Keeping the Mississippi Open
“Not only does the top of the river move, but the bottom of the river also moves.” - James Bodron, U.S. Army Corps of Engineers, Mississippi Valley Division, Regional Business Director.Dredging was the Herculean act that allowed much of the U.S. economy to keep chugging along as usual, at least for Midwest and Central states, as drought conditions threatened to shut down river traffic on the Mississippi River and its tributaries…
Titanic Exploration Submersible Missing, Rescue Efforts Underway
A submarine on a tourism expedition to explore the wreckage of the Titanic has gone missing off the coast of southeastern Canada, according to the private company that operates the vessel and the U.S. Coast Guard.OceanGate Expeditions said in a statement on Monday that it was "mobilizing all options" to rescue those on the underwater vessel, which typically has five people on board.British billionaire Hamish Harding is among the passengers…
Newport Shipping, NSB Group Tout Ship Widening Collaboration
Newport Shipping and NSB Group announced a plan to work together to develop their ship widening proposition for its customers. The NSB Group design will increase…
Brazil-bound FPSO Sepetiba Departs BOMESC Shipyard in China
The Brazil-bound FPSO Sepetiba sailed away from the BOMESC shipyard in China on June 16, 2023, following completion of the topsides integration and onshore commissioning phases.The unit—SBM Offshore’s third Fast4Ward FPSO—is transiting to the Mero field in the Santos Basin offshore Brazil, located 180 kilometers offshore Rio de Janeiro. SBM Offshore has a contract with Petróleo Brasileiro S.A. (Petrobras) for the 22.5 years lease and operation of FPSO Sepetiba.
IEC Telecom Debuts Starlink-Powered LEO-based Solution
IEC Telecom will showcase the benefits of LEO connectivity to the Philippine maritime sector when it takes part in this week’s PhilMarine, an exhibition which gathers key national stakeholders and international specialists.IEC Telecom will showcase the benefits of LEO connectivity to the Philippine maritime sector when it takes part in this week’s PhilMarine, an exhibition that gathers key national…
Algoma Orders Two Tankers from Hyundai Mipo
Algoma Central Corporation announced it has placed an order with Hyundai Mipo Shipyard in South Korea to build two 37,000 DWT ice class product tanker vessels for a total investment of CA$127 million (about US$96.2 million).These new ships will be entered on long-term time charters to Irving Oil under Canadian flag, servicing the energy company’s refinery in Saint John, New Brunswick, with deliveries to ports in Atlantic Canada and the U.S.
Keel Laid for Future USS Pierre (LCS 38)
Austal USA hosted a keel laying ceremony for the future USS Pierre (LCS 38) Independence-variant Littoral Combat Ship at the company’s Gulf Coast shipyard. Ship sponsor Larissa Thune Hargens, with the assistance of Hon Tran – a 13-year Austal USA veteran A-class welder, authenticated the keel by welding her initials into a keel plate that will be welded to the hull of the ship.The future USS Pierre is the final Independence-variant Littoral Combat Ship being built by Austal USA in Mobile, Ala.
FarSounder Receives 8th Patent
FarSounder expanded its IP portfolio with the issuance of its 8th Patent, number 11,609,316. This US patent expands the company’s patent portfolio for its unique…
Engine Overhaul for Tidewater PSV in Aberdeen
Marine engineering and propulsion specialist Royston has completed the rapid overhaul of a diesel power plant system onboard a Tidewater Marine operated platform support vessel.Royston engineers undertook the 18,000 running hours service of a Scania DI12 harbor generator, which is onboard the 80m length Highland Chieftain, while the vessel was moored in Aberdeen.The work involved the generator being disassembled with manifolds…
Saudi Arabia Urges Improved Maritime Security in Gulf
Saudi Arabia wants enhanced maritime security in the crucial Gulf region as part of its rapprochement with long-timerival Iran, Foreign Minister Prince Faisal bin Farhan said on Saturday.Iran and Saudi Arabia agreed in March, in a deal brokered by China, to end a diplomatic rift and reestablish relations following years of hostility that had endangered regional stability including in the Gulf, Yemen…
ECDIS is Not a Replacement for Terrestrial Navigation
I guess it was only a matter of time. After years of debating whether or not Celestial Navigation should be taught it is now time to debate the relevance of Terrestrial Navigation. The argument is same: why do I need to know this if there is technology available to do it for me?The answer is also the same. If you want to be a professional mariner than your knowledge base and skill sets should far exceed…
Fourteen Suspects Arrested in Pakistan Over Greece Boat Disaster
Pakistani authorities have arrested 14 people in connection with the alleged trafficking of several migrants who drowned last week after their overloaded boat capsized in the sea off Greece, police said.Hundreds of people, including from Pakistan, are thought to have died when the vessel capsized and sank in one of Europe's deadliest shipping disasters in recent years.The Pakistani government has ordered a high-level inquiry to investigate the human trafficking network thought to be involved…
Inside the “Hot Demand” for Subsea Construction Vessels
A rising tide lifts all boats, as the saying goes, and while the offshore industry is currently experiencing a wide-ranging surge, there are vessel types and specific market segments that are expected to benefit more than others.One such segment is the offshore construction vessel (OCV) types, which to an increasing degree have found themselves in hot demand from both oil and gas developments as well as offshore wind activities.While vessel definitions and abbreviations in this space can vary…
SeaARCTOS Emissions Monitor Secures LR Type Approval in Principle
Lloyd’s Register (LR) has awarded type approval in principle to SeaARCTOS for its emissions monitoring technology ARCTOS-1, which monitors carbon dioxide (CO2), methane (CH4) and sulphur dioxide (SO2) exhaust levels with a dedicated sensor attached to a vessel’s exhaust stack.Designed to provide transparency on emissions monitoring and help support compliance with local and regional sulphur regulations…
Austal USA to Build Fifth T-ATS Ship for the US Navy
Mobile, Ala. shipbuilder Austal USA has been awarded a $71,706,745 fixed-price incentive contract option from the U.S. Navy for the construction of an additional Navajo-class Towing, Salvage and Rescue Ship (T-ATS 15).With the award, the company is now under contract for five T-ATS, having received awards for T-ATS 13 and 14 in July 2022 and T-ATS 11 and 12 in October 2021.Paddy Gregg, CEO of Austal USA's Australian parent company Austal…
Fincantieri Wins $436m Four Season Yachts Ship Order
Italian shipbuilder Fincantieri said on Monday it had signed a contract worth more than $436 million to deliver a second luxury vessel for Four Seasons Yachts. Fincantieri had won a first order from Four Season Yachts last year."Today's result also bears witness to the start of the orders recovery for the sector, at the same time reinforcing Fincantieri's leadership in the new extra-luxury segment based on haute hotellerie…
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