MARAD’s Title XI Changes: Good News for Offshore Wind?
The U.S. Department of Transportation's Maritime Administration (MARAD) in December issued a final rule updating its financial requirements for the Federal Ship Financing Program, commonly referred to as Title XI. While the move applies to the U.S. maritime industry as a whole, it is seen as especially helpful for players looking to serve the U.S. offshore wind sector.Designed to promote the growth and modernization of the U.S. merchant marine and U.S.
Cavotec Awarded $5.7 Million Shore Power Refit Contract
Cavotec reports it has signed a $5.7 million contract to retrofit vessels with shore power solutions for an undisclsoed major European shipping line.The agreement entails the complete retrofit of containerships from installation of Cavotec's cable management system to modifications of the ship’s switchboards. The works will be completed in drydock for some of the vessels and during commercial sailing for the rest.
Foremost Group CEO Angela Chao Killed in Car Accident
Angela Chao, chair and CEO of the Foremost Group, has died in a car accident, the New York-headquartered dry bulk shipping company announced on Monday.Angela Chao was an experienced and well-respected shipping executive, having worked her way up through several leadership positions at the company founder by her father, Dr. James S.C. Chao, with her mother, the late Ruth Mulan Chu Chao, in 1964.Before joining Foremost Group in 1996…
Survitec Saftey System Earns Type Approval
Dry chemical powder solutions have long safeguarded LNG and LPG cargo vessels, but as the industry embraces liquefied gases as a propulsion fuel, the unique requirements for protecting bunkering stations on a wider range of vessels, such as large cruise ships, containerships, and tankers, is becoming increasingly important. In response to the growing demand for advanced fire safety solutions to support the maritime's energy transition…
Aarseth new GM for Vard Interiors
Birgit Aarseth has been appointed General Manager for Vard Interiors AS coming from the position as Vice President Operations. Aarseth has been working at Vard Interiors since March 2022, first as Department Manager Interior and then as Vice President Operations.
Former Employee Kills Three at European Navigation
A disgruntled former employee shot dead the head of a Greek shipping company and two others before killing himself at the firm's office in Athens on Monday, a police spokeswoman said.Police, fire engines and ambulances were stationed outside the offices of European Navigation in a southern suburb of the capital. Earlier, anti-terrorism forces entered the building, Reuters reporters at the scene said.Among the dead was European Navigation's owner…
Houthis Target Cargo Ship Bound for Iran
Yemen's Iran-aligned Houthis have targeted a cargo ship in the Red Sea which shipping analysts said on Monday had been carrying corn to Iran.It appeared to be the first time the Houthis have targeted an Iran-bound vessel since starting attacks on international shipping in solidarity with Palestinians over the Israel-Hamas war in Gaza, shipping sources said.A U.S. defence official said it was likely that the ship had been targeted but not hit, but provided no further comment.
Future Ships: Picture Perfect
Big data, advanced computers and AI are allowing vessel designers to prepare models that leave essentially nothing to chance.“Lastly, it may be of considerable importance to form from the draught a block model of the vessel from which a still more accurate judgment may be formed of the fitness and beauty of the body. And should any defect be discovered, farther alterations must still be made, till the draught and the model are perfectly approved of.
Philippines Accuses China of Dangerous Maneuvers Near Scarborough Shoal
The Philippines' coast guard (PCG) on Sunday accused China of "dangerous and blocking" manoeuvres while its vessel patrolled near Scarborough Shoal in the South China Sea this month.Manila's coast guard said in a statement that on a nine-day patrol near the shoal by its 97-meter (318-foot) vessel BRP Teresa Magbanua, four Chinese coast guard (CCG) vessels had shadowed the boat more than 40 times.Four Chinese maritime militia vessels were also present near the shoal…
BAR Tech Signs European Supplier for Wind Propulsion Systems
BAR Technologies, a developer of wind propulsion systems, has entered into partnership with floating offshore wind platforms pioneer Nervion Naval Offshore to manage and oversee the production of BAR Technologies’ wing sail design WindWings in Europe.The agreement with Nervion, a company owned by Amper Group and with factories in Ferrol and As Somozas in Galicia, Spain, is the first manufacturing partnership for BAR Technologies outside of China.It is expected to provide European customers…
Euronav Concludes Billion-Dollar Acquisition of CMB.TECH
Belgian tanker operator Euronav has concluded the acquisition of 100% shares in cleantech maritime group CMB.TECH for $1.15 billion in cash.The transaction is part of Euronav’s renewed strategy of diversification, decarbonization and accelerated optimization of the its current crude oil tanker fleet, driven by CMB.TECH’s ‘future-proof’ fleet of 106 low carbon vessels, of which 46 are under construction.It was first announced in December 2023…
Damen Delivers Newbuild Dredger to Indonesian Customer
Dutch shipbuilder Damen has delivered the first-of-its-series Cutter Suction Dredger (CSD) 600 to an Indonesian customer, PT. Dua Samudera Perkasa.The vessel was sold immediately after completion at the Damen Dredging Equipment yard. It form part of a complete dredging package, which includes ship transportation, training of the crew on location as well as dredge spares to facilitate maintenance duties.The CSD600…
Altera Hires DOF to Install Voyageur Spirit FPSO Offshore Ivory Coast
Altera Infrastructure has hired DOF to install Voyageur Spirit floating production, storage and offloading (FPSO) unit as well as one floating storage unit (FSO) at Eni-operated Baleine oil field offshore Ivory Coast.The project includes the complete installation of seabed mooring systems, flowline between the FSO – a converted shuttle tanker Nordic Brasilia - and the Voyageur Spirit FPSO, along with…
Gasum to Manage Wasaline’s Emissions Allowances
Finnish state-owned energy company Gasum has been selected by shipping company Wasaline to manage its EU Allowances (EUA) portfolio.The partnership will enable Wasaline to better predict and manage the costs of its emissions allowances, according to the company.The EU emissions trading system has included the maritime sector since the beginning of this year.Outsourcing their emissions trading and EUA…
Subcontinent Ship Recycling Market Remarkably Quiet
Despite the Pakistani & Bangladeshi markets stabilizing and displaying a far greater aggression at the bidding tables over the last five weeks, it has been a remarkably quieter start to 2024 for ship recycling than many had anticipated, says cash buyer GMS.With Houthi attacks, trading markets have remained unseasonably firmer, thereby delaying the historical ‘post-New Year aggression’ from the sub…
FMC Mulls Investigation into Suez and Panama Canal Impacts
The US Federal Maritime Commission (FMC) held an informal public hearing examining impacts from attacks on merchant shipping in the Red Sea and Gulf of Aden on February 7.Opening the hearing, Commissioner Carl Bentzel, voiced concern about safe access through both the Suez and Panama Canals.“What is at stake is severe international economic disruption. The United States is still recovering from the…
QatarEnergy Selects Nakilat to Own and Operate 25 LNG Vessels
QatarEnergy has selected Qatar Gas Transport Company Limited (Nakilat) to be the owner and operator of up to 25 conventional-size LNG carriers pursuant to Time Charter Parties (TCP).The 25 vessels, each with a capacity of 174,000 cubic meters, will be owned 100% by Nakilat and chartered out to affiliates of QatarEnergy. They are scheduled for construction at South Korean shipyards.This constitutes…
Russia Says it Foiled Ukrainian Drone Attack on Civilian Cargo Ships
Russia said on Saturday it had repelled an attempted Ukrainian drone attack on Russian "civilian transport ships" on Friday evening in the southwestern part of the Black Sea, a key artery for grain and oil exports from both countries.Civilian vessels on the Black Sea have not generally been targeted since Moscow ordered its troops into Ukraine in February 2022, but last July both sides said they would…
US Strikes Unmanned Surface Vessels Near Yemen
U.S. Central Command (CENTCOM) said on Sunday its forces on Feb. 10 had carried out strikes on two unmanned surface vessels (USVs) and three anti-ship cruise missiles north of Yemen's port city of Hodeidah that were threatening ships in the area."CENTCOM identified these USVs and missiles in Houthi-controlled areas of Yemen and determined they presented an imminent threat to U.S.
Steel Cutting Ceremony Held for Fifth NSMV
Philly Shipyard on Friday held a keel laying ceremony for the fifth and final vessel in a series of new purpose built, state-of-the-art training ships for America’s state maritime academies.The U.S. Department of Transportation’s Maritime Administration (MARAD) new vessel program – known as National Security Multi-Mission Vessels (NSMVs) – was designed to provide world-class training for America’s…
