Fuel Savings of Autonomous Navigation System Verified
Avikus, HD Hyundai's autonomous navigation in-house startup, has verified that its autonomous navigation system is capable of reducing fuel use by as much as 15%, which is expected to reduce carbon emissions by 10%.The fuel savings were quantified on a 325,000-ton very large ore carrier (VLOC) operating several times on a 5,800-mile route from Singapore to Brazil using Avikus’ autonomous HiNAS Control…
Van Oord Doubles Profit, Announces New CEO
Van Oord concluded 2023 with revenue reaching record high and profits more than doubled.The company saw revenue growth across both its Dredging & Infra and Offshore Energy business units, which resulted in a significantly revenue increase of 42% to EUR 2.9 billion from EUR 2.0 billion in 2022.Net profit doubled to EUR 127 million from EUR 60 million in 2022. High fleet utilisation and the continued…
Svitzer Targets Methanol-Fuelled MAN 175DF-M Engine
MAN Energy Solutions and Svitzer have signed a Memorandum of Understanding (MoU) focused on the development of a methanol-fuelled version of the MAN 175D engine. Designated 175DF-M (Dual Fuel-Methanol), the MoU targets the finalisation of a field-test agreement based on which a dual-fuel engine and plant equipment will be installed on board one of Svitzer’s newbuild tugs.Svitzer has a long-standing relationship with MAN Energy Solutions, especially recently with the MAN 175D engine.
India Brings 35 Somali Pirates to Mumbai
The Indian navy handed over 35 Somali pirates to the police in Mumbai on Saturday, after 100 days of anti-piracy operations east of the Red Sea, where piracy has resurfaced for the first time in nearly a decade.India, the largest national force in the Gulf of Aden and northern Arabian Sea region, captured the pirates from the cargo ship Ruen last week, three months after it was hijacked off the Somali…
China Coastguard Uses Water Cannons Against Philippine Ships
China's coastguard said it had taken measures against Philippine vessels in disputed waters of the South China Sea on Saturday, while the Philippines decried the moves, including the use of water cannons, as "irresponsible and provocative".China's actions led to "significant damage" and injury to personnel on a civilian boat hired to resupply troops, the Philippine task force on the South China Sea said in a statement.The incident occurred in the Second Thomas Shoal and Spratly Islands waters…
Sweden Buys Norwegian Icebreaker
The Swedish Maritime Administration has purchased the 18-year-old icebreaker Polar Circle, expanding its fleet of icebreaking ships to help keep the nation's ports and shipping lanes clear during the cold winter months.In December, the Swedish Maritime Administration put out a tender to acquire a secondhand icebreaker, with Polar Circle emerging as the most suitable option. The agency recently ran…
US Dredging: Plenty of Issues, New WRDA on the Way
2024 marks another year for development of a biennial WRDA bill—Water Resources Development Act, critical legislation for the Nation’s waterways, ports and harbors. WRDA encompasses a range of issues, from environmental regs to energy use to agriculture and, of course, a focus on projects critical for economic growth.Because these are dynamic and timely issues, Congress and the maritime sector like to keep WRDA on a two-year reauthorization timeline.
Maritime Partners Hires Two In Executive Leadership Roles
Maritime Partners,a Louisiana-based provider of maritime financing solutions primarily focused on Jones Act vessels, announced the addition of Stephen J. Bordes and Greg Chase to its executive leadership team.Bordes joins Maritime Partners as its chief financial officer, and Chase as as the firm’s chief legal officer.Bordes brings to the company more than 20 years of experience in the fields of finance and fund management.
Fincantieri to Open Support Facility in Everett
This spring, Fincantieri Marine Repair (FMR) is expanding its presence to the Port of Everett with a new facility to support U.S. Navy assets.On March 12, the Port of Everett Commission unanimously approved a new one-year lease to establish an FMR office at the Port’s Marina Village at Waterfront Place.The U.S. Navy plans to homeport up to 12 new Constellation-class guided-missile frigates at Naval Station Everett, adjacent to the Port of Everett’s international Seaport.
Groke to Deliver Situational Awareness Tech for Ships with BARTech WindWings
Finland-headquartered maritime tech company Groke Technologies (Groke) is working with BAR Technolgoes (BARTech) design and develop of situational awareness systems for the U.K. marine engineering consultancy’s WindWings wind propulsion technology.The companies have signed a partnership agreement following the debut installation of two 37.5 m (123 ft) tall WindWings sails on board MC Shipping-owned and Cargill-operated Kamsarmax bulker Pyxis Ocean.
Stena RoRo Explores Methanol Retrofits
Stena RoRo and Caterpillar Motoren have signed a memorandum of understanding (MoU) to promote the use of methanol as fuel on board MaK-powered E-flexer class ferries.The partners will work together to explore alternative fuel solutions to reduce CO2 emissions from ferry operations. This includes the development and feasibility of converting MaK-powered ferries from diesel to methanol. An initial pilot…
Demopolis: A Cautionary Tale for Increased Infrastructure Investment
Demopolis Lock—which suffered a recent catastrophic failure—is a cautionary tale for other locks and those in Congress and the White House who may fail to see the urgency and importance of investing in the inland waterways system.The nation’s inland waterways lock and dam infrastructure, largely constructed in the 1930s, has seen modernization and rehabilitation across the system, albeit very slowly.
Fourth CTV Launched for WindServe Marine
Senesco Marine held a launch and christening ceremony for WindServe Marine's new Jones-Act-compliant crew transfer vessel (CTV), WindServe Explorer.WindServe Marine, a sister company to the North Kingstown, R.I. shipbuilder—both part of the Reinauer Group—will operate the CTV to serve the U.S. offshore wind industry. The vessel is slated to enter operations at a project in the U.S. Northeast.The BMT-designed aluminum catamaran is 27 meters long with a 9-meter beam and 1.7-meter draft.
Baltic Dry Index Slips to Three-week Low
The Baltic Exchange's main sea freight index fell to over a three-week low on Monday, weighed down by weakness in the capesize and panamax vessel segments.he overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell for the fifth straight session by 73 points, or 3.3%, to 2,123 points.The capesize index lost 187 points, or 5.4%, at 3,295, its lowest level since Feb.
ABS Head Wiernicki Sees Global Carbon Tax on Shipping on the Horizon
ABS chairman and CEO, Christopher J. Wiernicki, said he sees a universal, global carbon tax on shipping on the horizon, as alternative blue fuels made with carbon capture emerge as a growing part of the maritime industry's ongoing energy transition.“We need to recognize that there is an intermediate step in the energy transition,” Wiernicki said during an appearance at the CERAWeek energy conference. “Last year the conversations were focused on going from oil to a green fuel economy.
Greek Shipping Tycoon Wins in Legal Battle with Newcastle United Co-owner
Newcastle United football club co-owner Amanda Staveley on Monday lost a London High Court battle with a Greek shipping tycoon over a historic debt of nearly 3.5 million pounds ($4.4 million).Staveley, who owns 10% of the Premier League side with her husband, denied she was liable to Victor Restis for a sum that had snowballed with interest to over 36 million pounds.The total bill had included around 31 million pounds in interest, accruing at 505,000 pounds per day.
New Zealand Deploys Naval Ship to Solomon Islands
New Zealand said on Monday it will dispatch defense personnel, helicopters and a naval ship to the Solomon Islands to assist in a national election due next month, where relations with China will be a key issue.The deployment is part of a NZ$10.8 million ($6.48 million) support program for the Solomon Islands Electoral Commission announced in January and that will help transport election officers and…
New CTV Ordered for Polish Offshore Wind Sector
Singaporean shipbuilder Strategic Marine reports it has secured an order to construct a newbuild crew transfer vessel (CTV) for the Polish offshore wind sector.The order comes from LOTOS Petrobaltic S.A., an ORLEN Group company, and will see the new vessel—a BMT-designed StratCat 27—delivered to Europe in September of this year.This CTV will join the fleet managed by Miliana Shipmanagement Limited, owned by the LOTOS Petrobaltic capital group, which owns five offshore vessels.
Eni, Fincantieri, RINA Team for Decarb Initiatives
Eni, Fincantieri and RINA signed an agreement to develop joint initiatives for the energy transition. The partnership formalizes the commitment to develop joint projects, in line with the partners' strategies, to decarbonize the maritime sector in the medium to long term with the goal of Net Zero by 2050. Additionally, the establishment of a permanent global observatory regarding future technological…
Accelleron, Furuno in MoU on "Digital Cooperation"
Accelleron’s Japanese joint venture company Turbo Systems United signed a memorandum of understanding (MoU) with Furuno to cooperate in digital activities. The agreement, the first of its kind for the Accelleron group in Japan, is aimed at improving access to optimization solutions and digitally enabled services.
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