Israeli-Linked Chemical Tanker Seized
Unidentified armed individuals have seized a tanker carrying a cargo of phosphoric acid in the Gulf of Aden on Sunday, the vessel's managing company and a U.S. defence official said.The incident, involving the chemical tanker Central Park, is the latest in a series of attacks in Middle Eastern waters since a brutal war between Israel and the Palestinian militant group Hamas broke out on October 7.It followed a seizure of an Israeli-linked cargo ship by Yemen Houthis…
Cargo Ship Sinks Off Greek Island
One person has died and 12 people were missing on Sunday after a cargo ship carrying salt with 14 crew on board sank off the island of Lesbos, the Greek coast guard said.The Comoros-flagged Raptor had departed from El Dekheila port in Egypt and was bound for Istanbul when it reported a mechanical failure and issued a distress call early on Sunday, the coast guard added."One body recovered from the area," a coast guard official told Reuters adding that one person was rescued by helicopter and was
Biden's Clean Energy Agenda Faces Mounting Headwinds
Canceled offshore wind projects, imperiled solar factories, and fading demand for electric vehiclesA year after the passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying President Joe Biden’s agenda.Soaring financing and materials costs, unreliable supply chains, delayed rulemaking in Washington…
Damen Wins Order to Build Vessel for Taiwan Offshore Wind Market
Japan-based Mitsui O.S.K. Lines, (MOL) and Taiwan-based Ta Tong Marine Co. have through their joint venture Ta San Shang Marine Co. Ltd. (TSSM), signed a deal with the Dutch shipbuilder Damen Shipyards for the construction of a new service operation vessel (SOV).As TSSM's second Taiwan-flagged SOV, following Asia's first, the TSS Pioneer, which was delivered in 2022, the vessel is scheduled for delivery at the end of 2025 in Vietnam.
Steerprop To Supply Bow Thrusters for Canada’s New Polar Icebreaker
Steerprop has been chosen to supply advanced ice-classed bow thrusters to the Canadian Coast Guard’s new Polar Icebreaker. The ship will be designed and built by Seaspan Shipyards as part of Canada’s National Shipbuilding Strategy.Steerprop will equip the Polar Icebreaker with two arctic tunnel thrusters specially designed to meet the most demanding ice conditions, even without the protection of tunnel grids.
Coal Shipments to Advanced Economies Down 17%
“In the first 10 months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electricity produced using renewable energy rose. Also slowed economic activity and high energy prices affected electricity demand,” says Filipe Gouveia, Shipping Analyst at BIMCO.Between January and August, electricity production in advanced economies fell by 4% y/y, according to data from the International Energy Agency.
Angad Banga Elected Chairman of the Hong Kong Shipowners Association
Angad Banga of The Caravel Group was elected Chairman of the Hong Kong Shipowners Association at the organization’s annual meeting held on November 22, 2023.Banga succeeds Wellington Koo, of Valles Steamship, who stepped down after completing his two-year term as Chairman.Richard Hext of Swire Shipping was elected Deputy Chairman, succeeding Banga. Qian Weizhong of COSCO Shipping (Hong Kong) and Wang…
Petrobras to Invest $102 Billion in Next Five Years
Brazil's Petrobras will invest around $102 billion within the 2024-2028 period, the firm's new strategic plan showed on Thursday, representing a major boost in expected investments by the state-run oil company.The plan, the first released by the oil giant since CEO Jean Paul Prates took the helm of the company, includes investments in a range of different segments, with most of it going into oil exploration…
Eni to Invest $10 Billion in Ivory Coast Baleine Field
Eni will invest $10 billion in the development of the Baleine field offshore Ivory Coast, which will take place in three phases from 2023 to 2027, Energy Minister Mamadou Sangafowa Coulibaly said on Thursday.The Baleine field, where certified reserves are estimated at 2.5 billion barrels of oil and 3.3 trillion cubic feet of natural gas, was discovered in 2021 by the Italian energy group off the east coast of the West African country.The field's crude oil production should reach 200,000 barrels
Maritime Craft Services Expands Workboat Fleet with Damen's Multi Cat 2712
Damen Shipyards has delivered one of its Multi Cats to workboat specialist Maritime Craft Services (Clyde) Ltd. The 27-meter Multi Cat 2712 is a mid-range model in the 13-strong class and Damen builds them in series to meet the consistent demand for vessels of this size and capability, the Dutch shipbuilder said.Based on the Firth of Clyde on the west coast of Scotland, Maritime Craft Services (MCS) operates a fleet of 17 workboats, of which 13 have been built by Damen.
Hapag-Lloyd CEO Optimistic that Shipping Markets will Rebalance
Global shipping markets, which are due to add more capacity than anticipated demand will support, have a good chance of rebalancing within two years, the chief executive of Germany's Hapag-Lloyd told reporters on Thursday."The gap between supply growth and demand growth is possibly smaller than people think and therefore, the outlook that the market may recover to a more balanced situation in one or two years is better than most people feel," said CEO Rolf Habben Jansen.The company, the world's
Improving Propulsion Efficiency: Wärtsilä to Retrofit Ten Hafnia Tankers
Finland-based marine technology group Wärtsilä will supply its EnergoFlow and EnergoProFin solutions for ten Bird Class oil and chemical tankers owned by the Singapore-based global tanker operator Hafnia."The combination of the two Wärtsilä systems ensures an optimized waterflow over and after the propeller, thereby improving propulsion efficiency considerably. The order was booked by Wärtsilä in October 2023…
Hanwha Ocean Lands $500M Deal to Build Four Very Large Ammonia Carriers
Hanwha Ocean has secured an order worth approximately $500 million to construct four very large ammonia carriers (VLACs) for Greek shipping company Naftomar Shipping and Trading Co. Ltd. Inc (Naftomar). Each VLAC will be able to transport 93,000 cubic meters (cbm) of ammonia, a carbon-free fuel, making them the largest vessel of their class in the world, Hanwha Ocean. The vessels will be built at Hanwha’s…
Hapo Acquires 1,200-Ton Cranes from Cadeler's Wind Installation Vessels
Hapo International Barges has acquired cranes recently removed from Cadeler's Wind Orca and the Wind Osprey offshore wind installation vessels from Cadeler.These 1,200-ton cranes had to be replaced with even larger cranes for Cadeler to be able to install the next generation of wind turbines. The cranes are each capable of lifting 1200 t with a boom length of 115 m."For Hapo [this is] an excellent opportunity to further strengthen its position in the heavy-lift barge market.On November 1…
N-Sea Extends Braveheart Spirit Charter to 2025 End
Subsea services firm N-Sea said Thursday it had extended the long-term charter agreement for the vessel Braveheart Spirit until December 31, 2025.Since April 2022, N-Sea has had the vessel under full management and control. The vessel, formerly known as the DPSV Bourbon Gulf Star vessel, built in 2010, was acquired in 2021 by Braveheart Marine, converted and upgraded.The DP2 vessel has a carrying capacity of around 3…
Corvus Energy Names Fredrik Witte as New CEO
Corvus Energy, a Norway-based provider of battery energy storage solutions and fuel cell systems for maritime, offshore and port applications, has appointed Fredrik Witte as the new CEO, starting January 1, 2024. Until Witte starts, CFO Mette Rokne Hanestad will serve as the Interim CEO.Witte joins from his position as the Managing Director of Cargill Aqua Nutrition. Commenting on the new appointment…
ONE to Trial Wind-Assist Propulsion
Ocean Network Express (ONE) has launched a wind-assist propulsion trial in partnership with Dutch maritime wind-powered technology company Econowind.The companies are set to install two containerized wind-assist devices, known as VentoFoil containers, on the MV Kalamazoo. The 1,036 TEU feeder vessel operates between Pusan, Yokohama, and Honolulu, and is owned by NORSE UK and operated by Goodwood Ship Management…
Gulf of Mexico Oil Spill Shuts in Around 3% of Daily Output
Around 61,165 barrels of daily oil output from at least six producers, making up about 3% of crude oil production in the Gulf of Mexico, has been shut in by Third Coast Infrastructure's underwater pipeline leak, the U.S. Coast Guard said on Wednesday.The oil producers whose facilities are impacted include W&T Energy, Occidental Petroleum, Walter Oil and Gas, Cantium, Arena Offshore and Talos Energy Ventures, the Coast Guard said, citing the U.S.
AAL Publishes EU ETS Carbon Surcharge Guidance
AAL Shipping has claimed a first for becoming the first project heavy lift carrier to publish a carbon surcharge guidance to help its customers prepare for the increased costs related to forthcoming European Union regulations on carbon emissions.The move comes ahead of the extension of the EU Emissions Trading System (EU ETS) to cover the maritime industry, affecting shipping lanes between Europe and the rest of the world from January 1…
Marlink Releases Unified Threat Management Solution
Marlink has further strengthened its cyber security portfolio with the addition of CyberGuard Unified Threat Management (CyberGuard UTM) to secure its customers’ digital transformation strategies.CyberGuard UTM reflects the growth of cyber threats in the maritime industry and the need to protect people and assets across a broader range of digital solutions. In particular, the growth of new LEO and…
