Subsea Vessel Market is Full Steam Ahead
Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly at the time of writing. Moreover, we register an interesting dynamic on the shipowner sideâŠ
Muddy Water Dredging Christens Marlin Class Dredge
On April 19th, 2024, Muddy Water Dredging, LP, held the christening ceremony of its Marlin Class dredge at the Port of New Orleans. The event was attended by many esteemed business leaders, media personnel, and distinguished dignitaries. "We are happy to unveil the Vaneta Marie dredge. After many hours of collaboration between Muddy Water and DSC what we have before us is a dredge that was crafted with precision and ingenuity," said Michael Kerns, President, and CEO of Muddy Water.
Obstructed Valve Sinks Towboat
An obstructed check valve on a bilge pump led to the flooding and partial sinking of a towing vessel last year while moored at a shipyard near New Orleans, the National Transportation Safety Board reports.Marquette Transportation's vessel Joanne Marie was found partially submerged a day and a half after being moored and deactivated at the Bollinger Quick Repair Shipyard on the Harvey Canal. The vessel was unattended at the time.
One-on-One: Rob Langford, VP, Global Offshore Wind, ABS
As the U.S. offshore wind industry endures a predictable number of stops and starts during its adolescence, common mantras are âlearn from the established European modelâ and âembrace technology transfer from the offshore oil and gas sector.â In Robert Langford, the American Bureau of Shipping has all of that and more bundled in one neat package.Rob Langford has worked in the offshore industry for more than three decadesâŠ
First in "Prima Plus Class", Norwegian Aqua Launched
The uniquely painted Norwegian Aqua was launched at the Fincantieri Marghera (Venice) shipyard, the first vessel in the Prima Plus class for Norwegian Cruise Line's (NCL).With external work now complete, the yard and its partners will forcus on completing the ship for its scheduled April 2025 delivery.âWe are thrilled to celebrate another milestone together with our partners at Fincantieri, who areâŠ
At Least Five People Drown Trying to Cross English Channel
At least five people, including a child, died in an attempt to cross the English Channel from France, hours after Britain passed a bill to deport asylum seekers to Rwanda to try to deter the dangerous crossings.The deaths of one child, a woman and three men occurred on an overcrowded small boat carrying around 110 people attempting to cross one of the busiest shipping lanes in the world. The French coastguard was still searching for survivors."After becoming initially stranded on the shoreâŠ
Carras Secures ABS' First Biofuel Notation for Aquataurus Bulk Carrier
Greek shipping company Carras (Hellas) has received the ABS Biofuel-1 notation for its Aquataurus ultramax bulk carrier, the first vessel in the world to qualify.The notation is assigned to vessels that use a biofuel blend of up to and including 30% biofuel in compliance with IMO and ABS requirements.Biofuels are liquid hydrocarbon fuels with similar composition and properties to fuel oil, but they are produced from renewable sources such as cropsâŠ
Damen Launches âGreenâ Ship Dismantling Pilot
Damen Shipyards Group has launched a pilot project in which a small tug will be dismantled in a circular way and fully in line with the EU regulations.The project will serve as a trial, after which this approach of âgreenâ ship dismantling and recycling will be made available commercially, and also for larger vessels, according to Damen.The 15.4-meter-long tug named Jan, which was built in 1927, willâŠ
Lhyfe Launches First Marketplace for Green Hydrogen
Green hydrogen producer Lhyfe has launched the first Green Hydrogen Marketplace, on its online portal Lhyfe Heroes.Since 2017, Lhyfe has been working to accelerate decarbonization through major innovations such as the worldâs first industrial-scale green hydrogen production site directly connected to a wind farm in 2021, the worldâs first pilot platform for producing green hydrogen at sea in 2022, and the digitalization of the sectorâŠ
Brunvoll Propulsion Systems Chosen for Torghatten Nordâs Hydrogen Ferries
Brunvoll has been contracted to deliver the propulsion, maneuvering and autonomy systems for two hydrogen powered ferries for Torghatten Nord AS.The ferries will operate the harsh route to and from Lofoten in Norway, the Bodø-Verøy-Røst-Moskenes route. The hydrogen fuel cell ferries were designed by The Norwegian Ship Design Company AS. Both ferries included in the contract will be delivered from Myklebust Yard in 2026.The Brunvoll contract includes two azimuth propulsion thrustersâŠ
EST-Floattech to Supply Battery System for Electric Pusherboat
EST-Floattech has been selected by KOTUG International to provide its containerized energy storage solution with Octopus Series energy modules for the E-Pusher 1 (Type M), the worldâs first fully electric pusherboat operated by Cargill.The vessel was built by Padmos, and EST-Floattech worked with the yard, Sea and Shore, and Gebhard Electro to realize the system. The container is ESTRIN-Certified and has a capacity of 2MWh.
Mercy Ships to Build Another Hospital Ship
The MSC Foundation, the MSC Group and Mercy Ships International have joined forces to build a new hospital ship.On 8 April, the chairman of MSC Group and MSC Foundation, Capt. Gianluigi Aponte, MSC Group President and Member of the MSC Foundation Board, Diego Aponte, and Mercy Ships Founder, Don Stephens, finalized an agreement to kickstart the new project with a generous anchor donation from MSC Foundation.TheâŠ
Rear Admiral Peter Brady Retires from Maritime Authority of Jamaica
Maritime Authority of Jamaicaâs Director General, Rear Admiral (retâd) Peter Brady, has retired, with the position being accepted by Bertrand Smith, formerly the MAJâs Director of Legal Affairs.Brady has served in this role since the Maritime Authorityâs inception in 1999.As Director General, he was primarily responsible for elevating Jamaicaâs maritime status regionally and globally. He spearheadedâŠ
As Shale Oil Gains Slow, Deepwater Port Struggles for Customers
As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia.In April, Enterprise Products Partners' SPOT became the first project to receive a license from the U.S. maritime regulator for a deepwater port that could load two supertankers, each of which can carry up to 2 million barrels of oil at a time.But multi-year regulatory delaysâŠ
Belships Expands Its Newbuild Program
Belships announced has expanded its newbuild program with two new 64,000 dwt Ultramax bulk carriers scheduled for delivery in 2028.The Norwegian-based company now has a total of 10 newbuilds under construction at Japanese shipyards with delivery between 2024 and 2028. All vessels are leased on time charter for a period of 7 to 10 years from delivery, with purchase options around current market levels. There is no obligation to purchase any of the vessels.
TEN Sells an Aframax Tanker
Greek shipowner Tsakos Energy Navigation (TEN), Ltd. announced it another vessel sale as part of its ongoing fleet renewal program.Sold was the aframax tanker Izumo Princess, the first in a series of eight pioneered-designed vessels the company built between 2007 and 2010.The sale will add approximately $37 million to the companyâs cash balances, TEN said.âFollowing the sale of nine tankers over the last 12 months with an average age of 18.5 yearsâŠ
Great Lakes Towing to Launch Caribbean Shipping Service
The Great Lakes Towing Company (GLT) on Monday unveiled plans to roll out a new breakbulk and RoRo shipping service serving the Caribbean.The Cleveland, Ohio-based company announced the formation of Great Lakes East (GLE), effectively reactivating Crimson Shipping Companyâs former domestic and international marine transportation business, based out of Mobile, Ala. However, GLE will shift the primary load port to Fernandina BeachâŠ
Navigation and Wind Farms: Competing Ocean Uses Raise Existential Questions
âWind Turbines: The Bigger, the Betterâ -USDOE Office of Energy Efficiency & Renewable Energy, August 24, 2023Last December the Bureau of Ocean Energy Management (BOEM) published a proposed sale notice regarding new development areas for utility scale wind projects in the central Atlantic Ocean. The notice includes an upfront issue: the need to mitigate conflicts with U.S. Department of Defense (DOD) activities.
China's Imports of Russian Oil Near Record High
Russia remained China's top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments.China's imports from Russia, including supplies via pipelines and sea-borne shipments, jumped 12.5% on the year to 10.81 million metric tons, or 2.55 million barrels per day (bpd) last month, according to data from the General Administration of Customs.That was quite close toâŠ
Port of Detroit Unveils Plan to Decarbonize Operations
The Detroit/Wayne County Port Authority on Monday revealed details of a program to slash carbon emissions to net zero by 2040 in an effort to improve air quality and the health of residents.Working with technical experts from sustainability consultancy Tunley Environmental, and thanks to funding from the State of Michigan, it established that operations across the port region were responsible for 27âŠ
