Exxon Banks Record $56B Profit in '22
Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion. The scale has renewed criticism…
Offshore Wind: Floating Wind is the Future
$3 billion forecast to be invested in new anchor handlers to meet floating wind demand.Floating wind is an emerging technology. Currently being tested in small scale demonstration and pilot projects, global floating wind commissioned capacity at the end of 2022 was less than 200 MW. By 2030, close to 11 GW of commercial scale wind farms are planned to be commissioned in Europe and the Asia Pacific Region.
Greensea Launches OPENSEA Edge
Designed for military use but now available commercially, OPENSEA Edge is designed to be a modular edge computing module with perception support for autonomous underwater robots based on Greensea’s OPENSEA open architecture software platform, advancing ocean robotics into the next generation.Greensea launched its latest product which the company says promises to bring true autonomy to ocean robotics.Based on Greensea’s open architecture platform OPENSEA…
Q&A: Ballast Water Management Market Matures
Since the ballast water management system discussion started nearly two decades ago, a clear concern was the ability to fit new equipment on existing ships, placing a strain on both space and power. Last month we caught up with a few key suppliers to for their insights on market development.How many BWMS have you sold and installed to date?Maxime Dedeurwaerder, BIO-UV GroupLast year has proven to be the best on record, with roughly 200 BIO-Sea units delivered.
Stadt Naval inks Deal to Design and Deliver Naval Vessel Powertrain
Stadt Naval, headquartered in Gjerdsvika, Norway, signed a contract to design and supply complete electric propulsion solutions for series of new naval ships for an unnammed NATO country, the biggest contract in the company's history.Stadt's technology operates in STEALTH mode with guaranteed no electrical interference and no acoustic switching noise. This contributes to low underwater radiated noise (URN), and low signature for any vessel.
Log-In Logística Intermodal taps Nautilus Labs for Digital Solutions
Brazil-based Log-In Logística Intermodal are working with Nautilus Labs to achieve reductions in fuel consumption and carbon emissions, optimized operations, and successful digital adoption across the latter’s organization.“We chose to partner with Nautilus with the goals of streamlining and unifying vessel data, achieving quantifiable fuel savings and reduced emissions, and increasing transparency and collaboration among internal stakeholders…
Titan Acquires Pair of LNG Carriers for Bunkering Capability Retrofit
Titan, the independent supplier of low and zero-emission fuels, acquired two small scale LNG carriers – the Seapeak Unikum and Seapeak Vision – from Seapeak, the Canadian gas transportation company formerly known as Teekay LNG Partners. The vessels will be retrofitted to ensure suitable LNG bunkering capabilities, enabling them to both transport and bunker LNG, liquefied biomethane (LBM), and in the longer-term hydrogen derived e-methane (e-LNG).Both sister vessels have a cargo capacity of 12…
Marlink Comms Solutions for 102 Miclyn Express Offshore Vessels
Marlink, a global provider of satellite and digital communication solutions, is implementing a fleet-wide migration of its smart managed network solution for offshore vessel operator Miclyn Express Offshore (MEO Group) to support its ongoing digitalization program. Under a contract of an undisclosed value, Marlink said it would outfit 102 MEO Group vessels with its Sealink VSAT solution, providing high throughput connectivity across the fleet…
First Australian Coal Heads to China After End of Ban
China is set to receive at least two cargoes of Australian coal in early February, according to traders and shiptracking data, the first since an unofficial ban…
Japan's Marubeni Starts Commercial Ops at Akita Offshore Wind Farm
Japanese trading firm Marubeni Corp started commercial operation based on the feed-in tariff program for renewable energy at Akita Port offshore wind farm on Tuesday, it said in a statement.Japan's offshore wind power market, part of the country's goal to be carbon neutral by 2050, is set to grow as the government eyes installingup to 10 GWof offshore wind capacity by 2030, and up to 45 GW by 2040.Marubeni's…
Delta-shaped Foundation for Giant Floating Wind Turbines Gets ABS Approval
The American Bureau of Shipping (ABS) has approved in principle the Bassoe D-Floater, a floating offshore wind turbine foundation.It is said that the Bassoe D-Floater foundations will be able to handle 15 megawatt offshore turbines, which will be among the world's largest. Apart from prototypes being tested onshore, there are no 15 MW turbines installed offshore as of yet. They can be as tall as the Eiffel Tower and can weigh upwards of 2…
Marinetrans jois TU Delft Hydro Motion Team
Supporting hydrogen propulsion and foiling technologies development to reduce emissionsLogistics provider Marinetrans is now partner of the foiling hydrogen boat project of Delft Technical University. Together with other maritime companies Marinetrans now supports this diverse team of students to compete with a foiling hydrogen-power boat in the Monaco Energy Boat Challenge, a project to exhibit viable sustainable propulsion solutions.At Marinetrans…
Planning Starts on Series of 10 Ammonia Fueled Bulk Carriers
WinGD and CMB.TECH announced plans to collaborate on a fleet of ammonia fuelled bulk carriers. The pair signed an agreement on the development of ammonia-fuelled two-stroke engines, aiming to install the ammonia dual-fuel X72DF engine on a series of ten x 210,000 DWT bulk carriers to be built at a Chinese shipyard in 2025 and 2026.CMB.TECH will support WinGD in establishing its ammonia-fuelled engine concept for a large bore engine.
Samsung Heavy Delivers LNG Pair for MISC
Seri Damai, Seri Daya join MISC LNG Carrier FleetMISC welcomed two of its latest new generation of Liquefied Natural Gas (LNG) carriers, Seri Damai and Seri Daya to its fleet of LNG carriers. These 174,000 CBM LNG carriers were built for MISC by Samsung Heavy Industries Co., Ltd. (SHI), and upon their delivery, the new LNG carriers will be on long-term charters to ExxonMobil’s wholly-owned subsidiary…
Take a Hyke: Swarm Tech for Ferries
Apps, big data, tech, software and cutting-edge innovation were hallmarks at last year’s Sea Tech conference in Brest, France. During one session, for example, on electronic charting, the speakers made reference to “data as fuel.” For vessel operations, data was called a resource just like diesel or LNG or lithium batteries. The reference was usually to big data, i.e., almost boundless information flowing like a gusher from a firehose…
APC Lands Multiple Turkish Tanker Deals
Advanced Polymer Coatings (APC) confirmed a series of new contracts to apply its MarineLINE tank coating system to newbuild and existing tankers, including:A deal with Genka Shipbuilding will see MarineLINE applied to a newbuild 2,000-DWT oil and chemical tanker. Construction of the vessel at the Pendik Naval shipyard will get underway in January 2023.APC also signed a contract with Okan Ogullari Shipping to coat its latest new build 10,500-DWT tanker.
Glamox to Light the New Fleet of Finnish Navy Corvettes
Glamox (GLX) entered into an agreement with Rauma Marine Constructions and the Finnish Ministry of Defense to deliver fully integrated LED lighting technology for the Finnish Navy’s new Squadron 2020 Corvette vessels. This includes the navigation light system, internal and external lighting, and the helicopter visual landing aid system.The Squadron 2020 project aims to decommission and replace seven of the existing Finnish naval fleet with modern corvette vessels.
From Paper to Pixels: Embracing the Digital Logbook
In an era of ever-smarter shipping, one key area of vessel and fleet administration appears stuck in the dark ages. Pierre Dominé explainswhy Stolt Tankers is rapidly transitioning to digital logbooks, unlocking a broad range of big data benefits.Although the switch from paper to digital logbooks is yet to be mandated, Pierre Dominé, Quality Assurance & Investigation Specialist, Stolt Tankers, sees no need to wait.
Wärtsilä to Supply Systems on Four PIL Containerships
Wärtsilä will supply the LNG Fuel Gas Supply System, Propulsion Control System and Alarm Monitoring and Control System for four new 8200 TEU LNG dual-fuel container ships being built for Singapore-based Pacific International Lines (PIL) at the Jiangsu New Yangzi Shipbuilding yard in China. The orders were included in Wärtsilä’s order book in Q4 2022.Wärtsilä Fuel Gas Supply System (FGSS) will feed LNG fuel to power both main and auxiliary engines from the vessel’s 7500 cu. m. membrane tank.
Venezuela's PDVSA Tightens Oil Prepayment Rules
Venezuela's state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding prepayment ahead of loadings in either cash, goods or services, company documents showed.PDVSA's new Chief Executive Pedro Tellechea put the move in place this month. It reinforces measures implemented last year after several buyers skipped out on payments for oil, which provides most of the South American country's income.After taking the helm…
