Yanmar Delivers Its First Maritime Hydrogen Fuel Cell System
Yanmar Power Technology Co., Ltd. (Yanmar PT), a subsidiary of Yanmar Holdings Co., Ltd, has made its first delivery of its newly commercialized maritime hydrogen fuel cell system, introduced in August 2023. This system was supplied to the passenger ship Hanaria, operated by MOTENA-Sea, a company backed by Mitsui O.S.K. Lines, Ltd. and other investors.The Hanaria is Japan's first hybrid passenger ship to use both hydrogen and biodiesel.
Sustainable Fund Launched for Methanol Fleet
ProMarine AG has launched an industry-first sustainable shipping fund with an initial portfolio of four methanol-fuelled MR tankers led by Proman and Stena Bulk.Low Emission Methanol Shipping Company S.C.A. SICAV–RAIF (LEMSCO) is the result of a collaboration between Proman and Stena Bulk. The fund is backed by equity investors and benefits from a green loan from ABN AMRO. LEMSCO's seed assets consist of four methanol fuelled vessels acquired from Proman and Stena Bulk: Stena Pro Patria…
Monjasa Acquires Two Tankers
Monjasa remains active in the market for secondhand tonnage following the acquisitions of three tankers earlier this year. The oil and shipping group on Thursday revealed additional ownership of the two tankers, Monjasa Leader (68,589-dwt) and Monjasa Refiner (13,051-dwt) for floating storage and bunker operations in West Africa.Monjasa recently took delivery of the two vessels Monjasa Leader (formerly Cabo San Antonio) in Algeciras…
Burger Boat Company Introduces the 142 Atrium Motor Yacht
Burger Boat Company and yacht designer Evan K. Marshall have collaborated on the Burger 142 Atrium Motor Yacht, a vessel the companies say combines impeccable design and cutting-edge technology in a stunning 142-foot masterpiece.The inspiration behind the design was to establish an extraordinary centerpiece within the yacht's interior. With the Atrium, Marshall has successfully crafted a multi-story grand entrance that has never been seen on a yacht of this size.
Oil Tanker Fire Sparked by Lithium-ion Battery Explosion -NTSB
The National Transportation Safety Board (NTSB) on Thursday cited thermal runaway of a cell within a handheld radio’s lithium-ion battery as the cause of a fire on an oil tanker docked in Baton Rouge, La.The Liberian-registered oil tanker S-Trust was docked at the Genesis Port Allen Terminal on November 13, 2022, when a fire on the bridge was sparked by one of the cells in a lithium-ion battery for an ultra-high-frequency handheld radio exploding, the NTSB's investigation found.
DEME Secures Several Dredging Contracts in Asia
DEME announced it has won several capital and maintenance dredging contracts in India, the Maldives and Malaysia, worth €150 million-300 million combined.At Kakinada port in India, where DEME has frequently been performing dredging works, the newly awarded scope includes deepening of the existing berths, turning circle and the inner- and access channel to a depth of 18 m at the deepest point. Works…
Cummins Working with Ocean Infinity on Methanol Retrofit Project
Cummins is working with partners in the U.K. to develop and deploy a methanol conversion kit for an engine aboard an Ocean Infinity offshore support vessel (OSV) as the maritime industry works toward transitioning to cleaner fuels.The engine manufacturer announced its proposal to jointly develop a Methanol Kit for its QSK60 engine was selected to receive funding as part of the Zero Emission Vessels and Infrastructure (ZEVI) competition, funded by the U.K.
US Shipbuilding: Policy and Progress
When asked about the top issues facing shipbuilders, executives at the Shipbuilders Council of America (SCA) listed a number of topics and concerns. SCA is the only national trade association representing U.S. shipyards engaged in the building and repairing of military and other government and commercial vessels, and companies providing goods and services to the shipbuilding industry.Shutdowns have consequencesMatthew Paxton and Paula Zorensky are, respectively, SCA President and Vice President.
Senesco Launches New CTV for WindServe Marine
Senesco Marine on Wednesday launched a new Jones-Act-compliant crew transfer vessel (CTV), WindServe Journey.WindServe Marine, a sister company to the North Kingstown, R.I. shipbuilder—both part of the Reinauer Group—will operate the CTV to serve the U.S. offshore wind industry. The vessel is slated to enter operations at a project in the U.S. Northeast.The BMT-designed aluminum catamaran is 27 meters long with a 9-meter beam and 1.7-meter draft.
Hapag-Lloyd Posts 77% Drop in Nine-month Net Profit, Cuts Outlook
German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months of 2023, down by 77% from a year earlier, and cut its forecasts for full-year earnings.Net profit was down from 13.8 billion euros in comparable 2022 when the shipping industry, a proxy for global trade, boomed amid post-pandemic recovery and because logistics disruptions drove up prices for consumers.This year…
Torm Buys Eight LR2 Tankers
Danish shipping company Torm announced it has entered into an agreement to acquire eight secondhand LR2 vessels from an undisclosed seller.The $399 million deal includes a cash consideration of $239 million and the issuance of approximately 5.5 million shares, Torm said, noting the purchase price is subject to certain adjustments that will be impacted by its share price development and the vessels’…
Cyprus Outlines Plan for Maritime Corridor to Get Aid to Gaza
The president of Cyprus outlined a proposal on Thursday to open a maritime corridor to help deliver more aid to Gaza, a plan which he said could be operational quickly but which diplomats said faced challenges.Under the plan presented by President Nikos Christodoulides at a humanitarian conference in Paris, aid would be sent by sea to Gaza from the Mediterranean island of Cyprus, the closet European Union member state about 370 km (230 miles) away."We hope immediately to implement it…
Barossa Project: BW Offshore's Massive FPSO Hull Sets Sail for Singapore
FPSO leasing company BW Offshore said Thursday that the hull of BW Opal, one of the largest FPSO hulls ever built and destined for Santos' Barossa gas project in Australia, had set sail from a yard in South Korea and was en route to Singapore for topside integration."On October 28, 2023, at 11:30 local time, the newbuild hull for the BW Opal FPSO, which is based on BW Offshore’s RapidFramework concept…
World's First: Japanese Firms to Looking to Build Sustainable Bulk Carriers for Copper Transport from Chile
Japan's NYK Line said Thursday its NYK Bulk & Project Carriers Ltd. (NBP), Oshima Shipbuilding Co., Ltd. (OSHIMA), and Sumitomo Corporation (SUMITOMO) had signed a memorandum of understanding to study, design, and construct the world’s first Handymax bulk carrier (ammonia dual fuel type) dedicated to the transport of copper products, that will reduce CO2 emissions to zero.The MoU signing comes just a year after Corporación Nacional del Cobre de Chile (CODELCO)…
Mideast Conflict Dims Prospect of More Egyptian LNG Exports to Europe
The prospect of the EU receiving more liquefied natural gas (LNG) from Egypt in the short and medium term looks unachievable due to tight gas balances and reduced imports from Israel, Oxford Institute of Energy Studies (OIES) said.Egypt shipped 80% of its liquefied natural gas (LNG) exports to Europe last year as the continent sought to replace Russian pipeline gas after Moscow's invasion of Ukraine.
Maritime Technology Firms NAVTOR and Voyager Worldwide Set to Merge
NAVTOR, an e-Navigation and performance technology provider to the maritime industry, and Voyager Worldwide, a provider of maritime technology solutions, have agreed to merge.The combined company will deliver products and solutions to approximately 18,000 vessels globally. The transaction is expected to close by December 2023.Both companies provide maritime technology solutions that enable shipping companies to improve safety…
MMA Offshore Expands Fleet with 2016-Built Vessel "Offshore Solution"
Australian offshore vessel operator MMA Offshore has acquired the vessel “Offshore Solution” to supplement its multi-purpose support vessel fleet. The Offshore Solution is a 2016 European-built, 54-meter, DP-2 multi-purpose support vessel fitted with two deck cranes, dual moon pools, and accommodation for 42 people. According to MMA Offshore, the vessel is suitable for operations globally and can undertake a wide range of offshore services…
Shell Sues Greenpeace for Boarding Penguins FPSO While in Transit
Shell is suing Greenpeace for $2.1 million in damages after the environmental group's activists boarded the company's oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters.The British oil and gas major filed the claim in London's High Court. Greenpeace activists boarded the vessel in January near the Canary Islands off the Atlantic coast of northern Africa to protest oil drilling and traveled on it as far as Norway.In an email to Reuters…
Australian Government Supportive of Strategic Fleet Development Proposals
The Australian Government has released the report of the Independent Taskforce on the Strategic Fleet, along with its official response to the report, confirming a commitment to delivering a Strategic Fleet of up to 12 vessels that will help Australia build resilience to freight disruptions while supporting our maritime workforce and sovereign capability.Australia’s maritime sector has long been neglected with a shortage of Australian flagged ships and a skilled workforce…
