Demand Shocks Drive Ship Recycling to Lowest Level in 20 Years
Over the past eight quarters, ship recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years. āA combination of strong demand following a series of market shocks and low orderbooks have kept older ships operating for longer than usual,ā says Filipe Gouveia, Shipping Analyst at BIMCO.During the first quarter of 2024, only two million deadweight tonnes (DWT) ship capacity were recycled.
Hualien Port Operations Suspended After Taiwan Earthquake
A magnitude 7.2 earthquake struck northeast Taiwan on April 3, causing several wharfs at Hualien port on the east coast to bulge.The affected wharfs are used for sand, bulk cargo discharging, and cruise operations. As a result, port operations are currently suspended, and vessels are only permitted to depart, not enter. Apart from Hualien, no damage has been reported at other ports across Taiwan.Reuters reports that the earthquakeā¦
Con Edison, NGV Propose Offshore Wind Project for New Jersey
Con Edison Transmission and National Grid Ventures submitted a plan to carry offshore wind power to New Jersey's electric grid as the state aims to meet renewable energy goals, according to a press release on Thursday.If awarded, the 'Garden State Energy Path' proposal involves building transmission infrastructure that would be operational by early 2029 and deliver about six gigawatts (GW) of offshore wind power, Con Edison said."This project is foundational to helping New Jersey reach its goal
Baltimore Shipping Set to Resume by End of April
The U.S. Army Corps of Engineers said Thursday it expects to open a new channel to the Port of Baltimore by the end of April, freeing up commercial shipping blocked by a collapsed bridge, and then restore port access to full capacity by the end of May.The main channel has been blocked by wreckage since the fully loaded container ship Dali lost power and rammed into a support column of the Francis Scott Key Bridge on March 26ā¦
NextGeo Taps Frank Koopman as Offshore Wind Strategy Director
Marine geosciences and offshore construction support services company NextGeo has appointed Frank Koopman as Offshore Wind Strategy Director.Koopman is an experienced executive and leader in the offshore energy sector, with over 20 years of experience in leading complex organizations, projects and innovation programs. He was Global Director Offshore Wind and Global Director Marine Site Characterization at Fugro from 2019 to 2023.Giovanni Ranieriā¦
Peru's PM Says China-built Megaport Should Launch this Year After Dispute
A resolution to end a dispute between Peru and China's Cosco Shipping could come as soon as this week to ensure a megaport will start operations as planned by the end of the year, Peru's Prime Minister Gustavo Adrianzen said on Thursday.The Peruvian port authority said in Marchit hoped to annul its decision granting exclusivity of the port's operations to Cosco, citing an "administrative error."Coscoā¦
On Board the eWolf: The First Electric Tugboat in the US
Crowley Maritime Corporation has owned and operated a lot of vessels since its founding in 1892. But the latest vessel to join its fleet is unlike any other that has come before it.Crowleyās new harbor tug, eWolf, is unique in that it runs 100% powered by batteries, not diesel engines, meaning it produces zero emissions and nearly no noise. Not only is the vessel the first fully electric tug in the Crowley fleetā¦
CIMAC Congress: Call for Papers Launched
More than 700 experts from all over the world attended over 200 presentations given during the CIMAC Congress in 2023. Now, the call for papers for the CIMAC Congressā¦
Crumbling Great Lakes Ports Infrastructure Makes Port Insurance Even More Critical
The state of Great Lakes port infrastructure is one of the biggest issues facing the U.S. and Canadian maritime industries. According to the America Great Lakes Ports Association, āDue to years of inadequate funding, the U.S. Army Corps of Engineers has been unable to maintain Great Lakes navigation infrastructure. Over the next five years Great Lakes navigation channels will require $540 million of dredging to maintain authorized channel dimensions.
Ukraine's Kernel Buys Bulk Carrier to Boost Grain Exports
Ukrainian agricultural group Kernel has expanded its sea fleet and can now export 100,000 metric tons of grain per month by ship, it said on Thursday.Ukraine usually exports 95% of its farm exports via Black Sea ports and Ukraine's own ships can ensure exports even in the face of military dangers associated with Russia's invasion of Ukraine.Kernel, the leading Ukrainian sunoil exporter, has purchased the Rotterdam Pearl V vessel, which can transport 50,000 tons of grain, it posted on Facebook.Th
Complacency to Blame for Mississippi River Bridge Strike -NTSB
A towboat captainās complacency led to barges striking the Natchez-Vidalia Bridge last year in the Mississippi River, the National Transportation Safety Board (NTSB) said.The SCF Towing-operated vessel Susan K was transiting with 25 barges downbound on the Mississippi River toward the Natchez-Vidalia Bridge on April 23, 2023. The captain intended to maneuver the tow through the western channel under the bridge, but was inattentive during the approach.
Metal Shark Debuts Prowler Autonomous Vessel and Frenzy Micro-USV
Louisiana-based boat builder Metal Shark has unveiled Prowler, its new autonomous, amphibious, and semi-submersible military craft engineered to meet the current and near future warfighting requirements of the U.S. military and its allies. The company is also debuting Frenzy, a high-performance, low-cost, amphibious micro-USV (uncrewed surface vehicle) with a payload carrying capacity of up to 14 pounds.āProwlerā¦
US Issues Fresh Iran-related Sanctions Targeting Vessel Owner
The United States on Thursday imposed new Iran-related counterterrorism sanctions against Oceanlink Maritime DMCC and its vessels, citing its role in shipping commodities on behalf of the Iranian military.The United States is using financial sanctions to isolate Iran and disrupt its ability to fund its proxy groups and support Russia's war in Ukraine, the Treasury Department said. The United Arab Emiratesā¦
Mack Boring Promotes Ponnwitz to Lead New Sustainable Energy Division
Somerset, N.J. based Mack Boring & Parts Co. has promoted Christopher Ponnwitz to the role of Chief Commercial Officer of Mack Sustainable Energy, a new division for the company.āI am very happy to announce that Chris has moved into this new role, where he will be leading our efforts to further expand and grow the electric marine market, particularly with the ePropulsion product line,ā said Patrick McGovern, President and CEO of Mack Boring.
Faulty Missile Launcher Closes Busy Danish Sea Lane
An activated but faulty missile launcher on a Danish navy vessel triggered a closure of airspace and shipping traffic in the Great Belt strait on Thursday, the Danish armed forces said.Denmark's National Maritime Authority had earlier warned ships not to sail through the Great Belt strait, one of the world's busiest sea lanes and the main maritime access to the Baltic Sea, due to the risk of "fallingā¦
ClassNK Hands Out Type Approval Certificate for Corvus Energyās Ship Battery System
ClassNK has issued a type approval certificate for the lithium-ion storage battery system ORCA Energy, developed by Corvus Energy.Following an application from Corvus Energy, ClassNK carried out an examination of ORCA Energy based on the rule and the āGuidance for the Approval and Type Approval of Materials and Equipment for Marine Useā.The guidance applies to tests and inspections of materials andā¦
Consulmar Executes āWorld's Firstā Zero-Emissions Tanker Mooring
Maritime services company Consulmar has performed a zero-emissions mooring service for a tanker, said to be the worldās first such operation.This operation took place at an offshore multiple buoy mooring site near the BP refinery, situated 2 miles from the Port of Castellón in Spain.Utilizing its electric line handling tug, CASTALIA, Consulmar towed the steel mooring lines from the vessel to each of the five mooring buoysā¦
Damen Naval to Equip Anti-Submarine Warfare Frigates with RENK Gearboxes
Damen Naval has contracted RENK to supply the gearbox systems for the new anti-submarine warfare (ASW) frigates.The Dutch shipyard is building four new frigates, two each for the Royal Netherlands Navy and the Belgian navy.The contract includes eight gearboxes that are part of the CODLAD (COmbined Diesel-eLectric And Diesel) propulsion system.RENK's Dutch subsidiary Schelde Gears will provide supportā¦
Wärtsilä to Supply Cargo Handling Systems for Solvangās Newbuild VLGC Vessels
Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply the cargo handling systems for additional two new very large LPG carrier vessels to be built at the HD Hyundai Heavy Industries in South Korea.The ships have been contracted by Norwegian ship owner Solvang. The order follows a similar one placed in 2023 for five vessels being built at the same yard for the same owner.The very large gas carriers (VLGCs) are of Panamax size and form the next generation of eco-vessels.
Seatrium Scoops $259M Worth of Repairs and Upgrades Work
Singapore-based Seatrium has secured a series of major contracts for vessel repairs, upgrades and conversions, set for completion by the end of 2025.With an aggregate value of S$350 million ($259 million), the contracts have reinforced Seatriumās reputation as a one of the market leaders in vessel repairs, upgrades and conversions.The diverse range of complex contracts secured by Seatrium Repairs and Upgrades include the upgrades and conversions of Floating Storage Regasification Units (FSRU)ā¦
