Strong Vessel Demand Lifts Baltic Dry Index to Second Weekly Gain
The Baltic Exchange's dry bulk sea freight index rose on Friday and posted a second consecutive weekly gain on the back of stronger demand across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose to an over three-weeks high as it added 62 points, or 3.5%, to 1,820. It was up 10.8% this week.The capesize index added 99 points, or 3.7%, to 2,763.
Seaspan Takes Delivery of New 15,500 TEU Vessel
Seaspan Corporation has taken delivery of Maersk Cleveland, the second of six new SAVER 15,500 TEU series vessels.The ship was delivered from China's Jiangnan Shipyard on November 15.Seaspan, a wholly owned subsidiary of Atlas Corp., announced contracts to build the six ships in March 2021 as part of a raft of new shipbuilding orders.Upon completion, each vessel will enter long-term charters with global liner customers.The series' first vessel, Maersk Charleston, was delivered earlier this year.
Uzmar Begins Building New Offshore Tug for Buksér og Berging
Turkish shipbuilder Uzmar Shipyards in October cut first steel for a new offshore support vessel for Norway's Buksér og Berging, Norway.The Robert Allan Ltd. (RAL) designed RAmpage 4100BB-H is designed to satisfy the general demands of the offshore industry and to be built for inshore and offshore worldwide operation. The vessel will be intended to carry out towing, anchor handling, and limited deck cargo transfer.During the design…
New Council Aims to Improve US Government Shipbuilding and Repair
A new council aiming to improve the way U.S. government does business in ship acquisition and ship maintenance convened at the Coast Guard Yard in Baltimore on Thursday.In kicking off the inaugural meeting of the Government Shipbuilders Council (GSC), Secretary of the Navy Carlos Del Toro underscored the council’s mission to address common and singular challenges among those that contract in shipbuilding…
OCM Expands Manufacturing Facility In Maryland
Ocean Craft Marine (OCM), a builder of boats for military, law enforcement and first responder maritime end-users, announced the expansion of its manufacturing capabilities and footprint in Maryland.According to OCM, the decision to expand its manufacturing capabilities comes in response to increasing demand. The move positions OCM to proactively cater to large contracts from the U.S. Navy (NAVSEA) and the Department of Homeland Security (DHS)…
Ukraine Says 151 Ships Have Used Black Sea Corridor
Some 151 ships have used Ukraine's new Black Sea shipping corridor since it was set up in August, the Interfax-Ukraine news agency reported on Friday, citing a senior government official.A total of 4.4 million metric tons of cargo, including 3.2 million tons of grain, has been shipped via the corridor, Yuriy Vaskov, deputy minister for renovation and infrastructure, was quoted as saying.A U.N.-backed…
India Ship Regulator to Take Government Advice on Sanctioned Russian Oil Tanker
India's shipping ministry will follow foreign ministry advice when deciding whether to allow a ship carrying Russian oil that has been placed under U.S. sanctions to berth at an Indian port, the country's shipping regulator said.The United States on Thursday imposed sanctions on three maritime companies and three vessels owned by them for shipping Russian oil sold above a price cap imposed by the Group of Seven nations…
BMS Unveils Pipe Mill Barge Concept Design
Covington, La. based marine engineering and services firm Baker Marine Solutions (BMS) has unveiled a new pipe mill barge concept design targeting uptake in the U.S. offshore wind industry.BMS describes its new 1888 Mobile Pipe Mill Barge concept as an answer to the industry's monopile availability challenges and lack of sufficient yard space for fabrication.The BMS 1888 provides a mobile pipe mill facility that can be scaled to meet the requirements of any specific project…
EVENT: World Maritime Forum, Copenhagen, Feb. 27-28, 2024
Mark your calendars for a maritime event of global significance as the World Maritime Forum prepares to cast anchor in Copenhagen from February 27-28, 2024. With an anticipated attendance of 450 maritime professionals, including shipowners, ship managers, shipbuilders, ports, classification societies, government bodies, regulators, technology companies, and service providers, this forum promises to…
Vard Vung Tau Delivers SOV for Dogger Bank Operations
Vard, a Norwegian firm specializing in shipbuilding and design, said Friday its subsidiary in Vietnam, Vard Vung Tau, had delivered a newbuild 944 Grampian Tees service operation vessel to owner North Star.This SOV is the third of four purpose-designed and built ships destined for decade-long minimum charters to support operations and maintenance (O&M) work at the Dogger Bank offshore wind farm.Once the wind farm currently under construction is fully operational…
Purus Orders Two VLECs from South Korean Shipbuilder
Purus said Friday it had ordered two 98,000 cbm very large ethane carriers (VLEC) from Hyundai Heavy Industries in South Korea, scheduled for delivery in 2026 and 2027. According to Purus, the VLECs vessels will feature dual-fuel ethane engines and optimized cargo handling systems, enabling lower CO2 and SOx emissions. "Additional energy-saving devices will further contribute to emission reductions.
EU to Ban Sale of Tankers to Russia to Curb Shadow Fleet Growth
The European Commission is proposing to ban the sale of tankers for crude oil and petroleum products to Russia to prevent Moscow bypassing western sanctions on Russian oil with a shadow fleet of ships, a proposal by the Commission showed. The proposal, discussed on Friday by ambassadors of EU governments, also says that sales of tankers to a third country should include contractual clauses that ships…
NYK Group, Stolt Tankers, and ENEOS Ocean Unveil Chemical Ship Pool Business
The NYK Group, Stolt Tankers, and ENEOS Ocean launched a chemical ship pool business in the Asia-Pacific region in October.Shipowners and operators pool their vessels and undertake transportation services at the request of shippers. The pool business allows more flexible transportation services that utilize economies of scale, NYK said.The project started with 13 vessels, comprising two chemical tankers…
HGK Orders "Future-Fuel-Ready" Dry Goods Carrier
HGK Shipping ordered from De Gerlien van Tiem shipyard in Druten, Netherlands, a new, low-emission dry goods vessel, a vessel to be specially tailored to the requirements of Salzgitter Flachstahl. Equipped with a diesel-electric drive system and solar panels and designed to be “future-fuel-ready”, the new vessel is outfitted to make a contribution to the sustainability ambitions of HGK Shipping and Salzgitter AG.
NY Offers New Offshore Wind Auction, May Revive Troubled Projects
New York State will issue a new offshore wind solicitation on Nov. 30 with bids due in January 2024, the state government said, in a move that should support the troubled industry. European energy companies Orsted, Equinor, and BP have taken a combined $5 billion of writedowns on U.S. offshore wind projects that are not even completed, in part because their existing power sales contracts would not cover the cost of building and financing the projects.
