Swedbank Adopts Poseidon Principles
Swedbank has signed the Poseidon Principles, a global framework for integrating climate considerations into lending decisions within ship financeThe Poseidon Principles provide a standardised methodology for data collection and reporting of emissions from banks’ shipping portfolios, with the overall ambition of supporting and facilitating the decarbonization of the shipping industry.The Poseidon Principles are consistent with the policies and ambitions of the IMO…
Qatar's Bigger LNG Expansion to Squeeze US, Other Rivals
Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals, market experts say.Qatar, one of the world's top LNG exporters, plans an 85% expansion in LNG output from its North Field's current 77 million metric tons per year (mtpa) to 142 mtpa by 2030…
The Mission to Seafarers Names Rouch Secretary General
Maritime welfare charity The Mission to Seafarers announced Dr. Peter Rouch has been named as its next secretary general, succeeding Revd. Canon Andrew Wright, who will retire from the role in September this year, after almost 12 years of leading the organization. Rouch has been appointed to the role by the board of The Mission to Seafarers. He will join the Mission on July 1, enabling a period of handover between himself and Wright.Tom Boardley…
Fort Lauderdale PD Repowers with Cox Marine V8 Outboard
The Fort Lauderdale Police Department is repowering one of its patrol boats with a new 300-horsepower variant of Cox Marine’s flagship V8 diesel outboard.The department is working with Cox Marine’s East Coast distributor, Ring Power Cox Marine, for the project.The vessel is a 33'1" Brunswick Impact 1000 built in 2018, now powered by twin Cox 300 diesel outboards. The boat has as 12' beam and capacity for up to 18 persons.
Tanker Backlog Grows in Venezuela as PDVSA Struggles to Deliver Oil
A bottleneck of vessels waiting to load crude and fuel in Venezuela has increased in recent weeks as state-run oil firm PDVSA struggles to deliver cargoes on time, according to people familiar with the matter, documents and shipping data.PDVSA has sought to ramp up shipments this month, the documents and data showed, following setbacks in January as outages at Venezuela's main port hit its exports.
Mauritius Allows Norwegian Dawn Cruise Ship to Dock After No Trace of Cholera Found
Mauritius will allow a ship belonging to Norwegian Cruise Line Holdings to dock after no trace of cholera was found in samples taken from passengers on board, a senior health official said on Monday.Authorities on the island nation off the coast of east Africa prevented the Norwegian Dawn from docking over the weekend over what they said were "health risks," without elaborating.Samples were taken from around 15 passengers who were experiencing a mild stomach illness.Bhooshun Ori…
US Hits Iran with New Sanctions Targeting Commanders, Shipping
The United States targeted Iranian and Houthi commanders and a vessel that shipped more than $100 million in Iranian commodities to businesses in China in sanctions announced on Tuesday.Mohammad Reza Falahzadeh, deputy commander of Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), and Ibrahim al-Nashiri, a member of Yemen's Houthi militia, were designated under the sanctions, the Treasury…
Anglo American Takes Delivery of Final LNG Dual-fuel Bulk Carrier
Anglo American has taken delivery of its 10th and final dual-fueled bulk carrier powered by liquefied natural gas (LNG), the company said on Wednesday.The capesize-plus LNG dual-fueled bulk carriers have been built and delivered over the last three years from Shanghai Waigaoqiao Shipbuilding Co.
Saudi Arabian Company Abandons Crew Across Multiple Vessels
The International Transport Workers’ Federation (ITF) said it has received many reports about withheld pay from individual seafarers working on eight Bahrain-registered vessels owned by Saudi Arabian company Hadi H Al Hamman Establishment. The company, which lists Saudi Aramco among its customers and was buying brand new ships as recently as 2018, has not paid seafarers for more than five months in some cases, the ITF said.
New Stern Trawler Delivered to DFFU
A new stern trawler has been delivered to Deutsche Fischfang-Union GMbB & Co KG (DFFU) from Vard Brattvaag.The vessel, named Berlin, was developed by VARD in close cooperation with DFFU, based on the VARD 8 03 trawler design developed by Vard Design in Ålesund.Baldvin Thorsteinsson and Samuel Rodriguez, Managing Directors at DFFU said, "The delivery of Berlin is pivotal for DFFU, and VARD has done an excellent job.
DHT Orders Four VLCCs
DHT Holdings announced it has entered into agreements to build four very large crude carriers (VLCC) in South Korea for delivery between April and December 2026.Two of the large tankers will be constructed at Hyundai Samho Heavy Industries and the other two at Hanwha Ocean (formerly known as Daewoo Shipbuilding & Marine Engineering), for an average price of $128.5 million. The contracts include options…
German Warship Shoots Down Two Drones in the Red Sea
A German warship shot down two drones in the Red Sea on Tuesday amid escalating attacks by Yemen's Houthis and efforts by the European Union to protect international shipping, German officials said.Shipping risks have increased due to repeated strikes by the Iran-aligned Houthis in the Red Sea and Bab al-Mandab Strait since November in what they describe as acts of solidarity with Palestinians against Israel in the Gaza war.U.S.
First of 10 Newbuilds Delivered for FureBear JV
The first vessel in a series of 10 newbuilds has been delivered to FureBear, a 50/50 joint venture between Sweden's Furetank and Canada's Algoma Central Corporation.Fure Vanguard is a dual-fuel ice class 1A 17,999 DWT product tanker built by China Merchants Jinling Shipyard in Yangzhou, China.The FureBear JV was formed in 2022 with an initial order for four ships. Later that year, the partners placed an order for four additional vessels, and in 2023 they ordered two more ships.
Kraken Robotics Delivers Minehunting Systems to Royal Danish Navy
Canadian company Kraken Robotics has completed deliveries and sea acceptance tests of all systems for its minehunting sonar equipment under the contract with Royal Danish Navy.The contract was signed in September 2020, following a competitive bidding process. Under the contract with the Danish Ministry of Defence Acquisition and Logistics Organization (DALO), Kraken has delivered four complete turnkey minehunting systems.Each system consists of a KATFISH towed Synthetic Aperture Sonar…
Shipshave’s ITCH Put to the Test
Independent laboratory testing reportedly confirmed there is no decrease in the thickness of hull coatings from the use of Shipshave’s In-Transit Cleaning of Hulls (ITCH) solution, according to the company.The Endures laboratory in the Netherlands was enlisted by Norwegian technology developer Shipshave to perform tests to investigate the impact on the thickness and roughness of anti-fouling coatings…
NAPA Studio aims to help Blaze Maritime's Digital Path
NAPA introduced NAPA Studios, an initiative designed to foster cross-industry partnerships to deliver new data-driven solutions and insights on some of the most imminent ship design…
ABL on Tow Job for Mero 3 FPSO’s Voyage to Brazil
Energy and marine consultancy ABL Group has secured a contract by POSH Projects to act as tow master to support and supervise the towage of the Mero 3 FPSO from Yantai in China to Brazilian waters.As part of its scope of work, ABL’s operations in Singapore will provide a tow master to act as client representative throughout the 12,108 nautical mile towage.The tow master will supervise and ensure that…
ClassNK Greenlights Multi-Functional Floating Wind Support Vessel Design
ClassNK has awarded an approval in principle (AiP) for the design of a multi-functional floating offshore wind farm support vessel (MFSV) developed by K Line Wind Service, together with Japan Marine United Corporation, and Nihon Shipyard.The MFSV is designed to perform full moorings work scope for the installation of floating offshore wind turbines, including transportation, deployment and anchor tensioning of the mooring system.According to the companies…
ABB to Deliver Shore Connection Solution for Portsmouth International Port
ABB has secured an order with Portsmouth International Port to supply a shore connection solution for visiting ferries and cruise ships as part of the UK port’s Sea Change project.Shore connection allows visiting ferries and cruise ships to avoid emissions by connecting to the shoreside electrical grid while in port, supporting the Portsmouth’s port aim to be the first in the UK to be zero emissions by 2030.The initiative is part of the port’s Sea Change project to design…
Esvagt Enters South Korea’s Offshore Wind Market
Danish vessel owner Esvagt and South Korea-based shipping company KMC Line have formed strategic partnership to cooperate on offshore wind opportunities in the East Asian country.A new collaboration between Esvagt and KMC Line, formalized through the signing of the letter of intent, is aiming to unlock the considerable potential in South Korean offshore wind industry.Combining the two shipping companies'…
