NAT Buys Secondhand Suezmax Tanker
Shipowner Nordic American Tankers (NAT) on Thursday said it has entered an agreement to purchase a secondhand suezmax tanker.The South Korean built vessel has been "operated and well maintained by a top shipowner the last 6 to 7 years", Herbjorn Hansson, NAT founder, chairman and CEO, wrote in a letter to shareholders and investors."The vessel is purchased on a charter free basis and we intend to finance…
Deutsche Bank Sets Emissions Targets for Shipping Clients
Deutsche Bank has set emissions reduction targets for loans to clients in the coal mining, cement and shipping sectors and now has a net-zero plan for 55% of its financed emissions, its chief sustainability officer told Reuters.A key funder to polluting sectors, Germany's biggest lender, like many of its peers, is under increasing pressure from policymakers and investors to push clients to curb climate…
Inmarsat Maritime Safety Team Wins IMRF Award
Inmarsat Maritime, a Viasat business, won the 2023 International Maritime Rescue Federation (IMRF) Award for Innovation and Technology in Maritime Search and Rescue after a highly respected judging panel led by former IMRF Chair Michael Vlasto selected its entry from a shortlist of 10 individuals and organisations.Acknowledging “volunteer and professional search-and-rescue (SAR) personnel from around the world”…
NSSLGlobal Expands Portfolio with FarSounder’s 3D FLS
FarSounder and NSSLGlobal have joined forces to introduce FarSounder’s Argos product line to their defense, commercial, and leisure clients. These innovative Forward…
Marlink, Intelsat Renew Deal
Marlink renewed its agreement with Intelsat for supply of Ku-band capacity. Via the deal, Marlink will deliver the capacity to users within its hybrid digital network, available to customers across maritime, energy and enterprise sectors. The agreement includes the future use of satellites with a software-defined operating system, improving precision of signal delivery and a highly stable quality of…
Hydrogen-fueled Ship Earns AIP
ClassNK has issued an Approval in Principle (AiP) for a parcel layout concept for a hydrogen-fueled multi-purpose vessel developed by Mitsui O.S.K. Lines, Ltd. (MOL), MOL Drybulk Ltd. (MOL Drybulk), Onomichi Dockyard Co., Ltd. (Onomichi Dockyard), Kawasaki Heavy Industries, Ltd. (Kawasaki), Japan Engine Corporation (J-ENG). This is the world’s first AiP certification for a ship equipped with a large…
TMC Compressors to Provide Equipment for Newbuild FPSO
Chinese shipbuilder China Merchant Heavy Industries (CMHI) has contracted TMC Compressors (TMC) to deliver the completed marine compressed air system to a newbuild FPSO the Chinese yard is constructing for the Dutch FPSO leasing firm SBM Offshore.Under the contract, TMC will provide a large-capacity marine compressed air system, including compressors for control and service air on board the FPSO.TMC will manufacture and assemble the equipment in Europe and deliver it to CMHI in China.
First Turbine Installed for Vineyard Wind 1
The first GE Haliade-X wind turbine generator has been installed at the Vineyard Wind 1 project in the US.The completed turbine is comprised of one tower, three blades, and one nacelle, and the fully assembled machine represents the largest turbine in the western world, with a nameplate capacity of 13MW, capable of providing power to more than 6,000 homes and businesses in Massachusetts, says project partners Avangrid Inc.
PivotBuoy Offshore Wind Demonstration Yields Positive Results
The PivotBuoy Project, developed by X1 Wind, finalized its offshore demonstration with partners reporting excellent results.The PivotBuoy Consortium partners are X1 Wind, ESM, WavEC, PLOCAN, INTECSEA, EDP, DTU, DNV GL, and DEGIMA. The project aimed to demonstrate the PivotBuoy mooring system configuration which combines the advantages of a single point mooring with a small tension-leg platform (TLP) mooring system…
IMRF Announces 2023 SAR Award Winners
The International Maritime Rescue Federation (IMRF) has announced the winners of this year’s IMRF Awards, which recognize all those involved in global maritime search and rescue (SAR) efforts.The IMRF Awards acknowledge those that have shown excellence in their field, developed innovative technology and equipment, or acted as a role model to inspire others. The awards also shine a light on those colleagues who offer the tireless support…
AAPA Urges Swift Adoption of Stauber Amendment
The American Association of Port Authorities (AAPA) has voiced strong support of Representative Pete Stauber’s (R-Minn.) amendment to the Transportation Housing and Urban Development (THUD) Appropriations bill which, if implemented, would restore funding for the Port Infrastructure Development Program (PIDP).“The Feds have made a serious, laudable, bipartisan down payment on port infrastructure modernization with $1.45 billion awarded through PIDP so far.
RCP Finance Secures Funding for Fuel Distributer in Maldives
Independent finance and capital structuring partner RCP Finance has successfully secured a $15 million credit facility from a leading Asian lender for The Hawks Pvt Ltd., a distributor of high-quality fuel in the Maldives.The Hawks caters to a range of local businesses including resort hotels, super yachts and navy vessels, with a total portfolio of more than 452 clients.Part of the credit facility has been used to facilitate the acquisition of the Bro Developer…
Converted OSV Enters Service in the UK as an Underwater Surveillance Ship
A converted offshore support vessel has taken on a new life as a dedicated underwater surveillance ship for the U.K.'s Royal Navy.Christened during a ceremony in London on October 10, RFA Proteus will be operated by the Royal Fleet Auxiliary as a launchpad for remotely operated underwater vehicles (ROV) and a home to a suite of specialist capabilities similar to those found in the offshore oil and gas industry.The ship…
Norwegian Navy Shadows Chinese Vessel Probed over Baltic Pipeline Damage
A Norwegian Navy ship shadowed a Chinese container ship investigated over damage to a gas pipeline in the Gulf of Finland for about 15 hours as it sailed along the western coast of Norway on Monday…
Fast Lines Belgium Orders Two Combi Freighters from Damen
Damen Shipyards announced it has signed a contract with Belgian shipping company Fast Lines Belgium for the delivery of two Damen Combi Freighter 3850 (CF 3850).“These will be our first newbuild vessels, and we are confident that the Damen CF 3850 vessels will fit like a glove in the Fast Lines Belgium’s business,” said managing director Catrien Scheers. “Not only are they economical and efficient…
Russia's Western Sea Port Oil Exports Seen Falling as Refinery Runs Rise
Russia's oil exports via its western sea ports in November may fall by some 300,000 barrels per day (bpd) after ample supplies in September-October as domestic refineries are expected to raise runs as seasonal maintenance ends, three sources familiar with the plans said.Urals, Siberian light and KEBCO crude oil exports from Primorsk, Ust-luga and Novorossiisk ports are set to decline by some 300,000 bpd from October to slightly above 2 million bpd…
Shell's Australian FLNG Facility Poised for Mid-November Restart
Shell is expected to complete maintenance at its flagship Prelude liquefied natural gas (LNG) facility off Australia by mid-November, two sources close to the project…
Hanwha Ocean Eyes Submarine Exports to Canada, Philippines, Poland - official
South Korea's Hanwha Ocean has pitched offers to build submarines to Canada, the Philippines, and Poland, a company official said on Wednesday, as the country pushes to become one of the world's top four defense exporters.Canada is studying potential builders for new submarines and has expressed interest in Hanwha Ocean among other foreign rivals, Kim Seung-min, leader of Hanwha Ocean's naval and special ship overseas marketing team…
Oil Tanker Hit by US Sanctions Heads to Texas for Unloading - Exxon
An oil tanker that the U.S. government imposed sanctions on for recently carrying Russian oil above the Western price cap is proceeding to the Baytown refinery in Texas for unloading…
Shipping Industry Off Track to Meet 5% Zero-emission Fuel Target by 2030
The world is not on track for zero-emission fuels to account for 5% of international shipping fuels by 2030, a new analysis has found, jeopardizing the shipping industry's 2050 decarbonization goal.Launched at the Global Maritime Forum's annual summit in Athens on Wednesday, the assessment finds that current scalable zero-emissions fuel (SZEF) production in the pipeline would cover just a quarter of the fuel needed by 2030. And the delivery of zero-emission vessels is also faltering.
