CIMAC Digitalization Strategy Group Publishes New Position Paper
The CIMAC Digitalization Strategy Group has published a new Position Paper titled: On enabling the implementation of a ship-wide data ecosystem. CIMAC is a global non-profit association promoting the development of ship propulsion, train drive and power generationThe position paper aims to identify ways in which the potential of digitalization can be fully exploited for process optimization, develops a vision…
Long Term Rates Edge Up Globally as Red Sea Conflict Continues
Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market remains gripped by uncertainty in the Red Sea, according to new data on the Xeneta Shipping Index (XSI®).The latest data released by Xeneta on May 2 shows the Global XSI (the average rate of all valid long term contracts in the market) remained fairly flat in April at 154.3 points…
April Sees Jump in Methanol-Fueled Tanker Orders
According to the latest figures from DNV’s AFI platform, 23 new orders for alternative fueled vessels were registered in April 2024.A majority of these (12) were for methanol-fueled tankers, a segment where the uptake of alternative fuels has been low up until now.Seven orders were place for LNG-fueled vessels in April, and four ammonia-fueled vessel orders were confirmed. Following a quiet month in March…
Maryland Estimates Bridge Replacement Cost at $1.7 - $1.9 Billion
Maryland said on Thursday it estimates it will cost $1.7 billion to $1.9 billion to rebuild a collapsed Baltimore bridge and anticipates it will be completed by fall 2028.The Maryland Department of Transportation said the state's "planning level cost estimate is between $1.7 billion and $1.9 billion" which "is in line with similar projects of this scale and complexity."The Dali cargo ship crashed into the Francis Scott Key Bridge on March 26, killing six people.
Conception Captain Gets Four-Year Prison Term
The captain of a dive boat that caught fire and sank off the California coast in 2019, killing 34 people in one of the state's deadliest maritime disasters, was sentenced on Thursday to four years in prison for his conviction on a federal charge of seaman's manslaughter.Jerry Boylan, 70, was found guilty by a U.S. District Court jury in November on a single felony count of "misconduct or neglect of…
Young Brothers Is First in the US to Use Innovative Mooring System
Hawai‘i’s interisland freight company Young Brothers has become the first marine transportation company in the Unites States to install an innovative mooring system designed to improve safety and efficiency.The new $1.5 million ShoreTension mooring system was blessed in a ceremony at the Port of Kaumalapau in Lāna‘i on Monday. The technology, which keeps the barge steady against the dock during inclement weather…
Mother and Son to Pay £5,000 for Obstructing UK Coastguard
A mother and son will have to pay more than £2,000 for obstructing the work of the U.K.'s Maritime and Coastguard Agency (MCA).On March 3, 2022, Rhys Wonnacott, of Milford Haven, prevented MCA surveyors boarding the fishing vessel Provider, moored at Milford Haven Harbour. Because of this, surveyors were unable to complete an inspection of the vessel, as part of a Fishing Vessel Concentrated Inspection…
Engines, Inc. Names Hughes Managing Director
engines, inc., a Jonesboro, Ark. based distributor of diesel engines and generator sets, has hired David Hughes as its new managing director. Hughes is an industry veteran with expertise in marine diesel product management, having most recently served as sales manager for marine products at Scania USA. He has also held leadership positions at distributors such as Superior Diesel and Hamilton Power Solutions."I'm excited for the opportunity to join the team at engines, inc.
BAE Systems Wins $87 Million Contract to Upgrade USS Carter Hall
The U.S. Navy has awarded BAE Systems a contract worth more than $87 million for repair work aboard the dock landing ship USS Carter Hall (LSD 50).The nearly 30-year-old vessel will undergo a year of restorative work at BAE Systems’ shipyard in Norfolk, Va., which is also the ship’s homeport. The company said it will begin working aboard the 610-foot-long ship in July 2024, performing a combination of maintenance and preservation work on the ship’s hull…
AAL Christens New Heavy Lift Ship in China
A formal naming ceremony was held at the CSSC Huangpu Wenchong Shipbuilding Company in the Chinese province of Quanzhou on April 26 for AAL Shipping’s new heavy lift vessel, AAL Limassol.Due to sail on her maiden voyage from China into Europe, the 32,000 deadweight AAL Limassol is set to carry a full weather deck of project heavy lift cargo, including two 135-meter-long barges, weighing 1,650 tonnes and fifteen 80.5-meter-long wind blades.
Lloyd's Insurers Expect Moderate Baltimore Bridge Claims
Lloyd's of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore's Francis Scott Key Bridge in March that caused widespread disruption, they said on Thursday.Some estimates for the total insured losses from the bridge collapse run into billions of dollars, given the loss of lives, bridge repair costs and traffic re-routing.The Wall Street Journal…
Maritime Trafficking: How Balkan Gangsters Became Europe's Top Cocaine Suppliers
In 2018, convicted cocaine trafficker Slobodan Kostovski fled a Brazilian prison and made his way back to Europe with a fake passport.The Serbian senior quickly fell into old habits, police allege. Last August, Kostovski was arrested in Belgrade, accused of shipping 2.7 metric tonnes of cocaine from Brazil aboard a 22-meter vessel apprehended near Spain’s Canary Islands.Nicknamed “the General” by his associates…
Shipbuilder HII Beats Q1 Estimates
Huntington Ingalls Industries (HII) reported a better-than-expected quarterly earnings on Thursday, on the back of demand for aircraft carriers, amphibious assault ships and submarines amid high geopolitical tension.Demand for submarines and aircraft carriers is surging, fueled by China's expanding naval footprint and high global tensions, benefiting shipbuilding giants such as Huntington Ingalls.Huntington is the only major pure-play defense company that has outperformed S&P 500 index…
Russia Shipping Oil to North Korea Above UN Mandated Levels
Russia has been quietly shipping refined petroleum to North Korea at levels that appear to violate the mandates of the United Nations Security Council, a U.S. official said on Thursday, adding the U.S. is planning new sanctions in response.The disclosure came on the first day after a U.N. panel of experts monitoring enforcement of longstanding U.N. sanctions against North Korea for its nuclear weapons…
Maersk Raises Profit Guidance on Strong Demand and Red Sea Disruption
Shipping group Maersk raised its full-year profit guidance after reporting first-quarter earnings on Thursday, citing strong demand and higher freight rates as ships sail for longer to avoid conflict in the Red Sea.The company, viewed as a barometer of world trade, said that shipping disruptions caused by Houthi militants' attacks on vessels in the Red Sea were expected to last at least until the end of the year…
Metal Shark Building 22 Vessels for Jamaica's Coast Guard
Louisiana-based boat builder Metal Shark announced it has won a contract to build 22 welded-aluminum high-speed surface interceptor vessels for the Jamaica Defence Force (JDF).JDF has selected the Metal Shark 36 Fearless, a high-performance center console craft proven in service with multiple military, law enforcement, and first responder agencies worldwide. Procured via direct purchase, these new surface interceptor vessels will be used by the JDF-Coast Guard for law enforcement…
Shipbuilding: Tanker Orders Up 32% Year-on-year
Tanker ordering has surged in the first few months of 2024 as shipowners owners seek to renew ageing fleets and add new vessels that meet latest environmental regulations.So far this year, 104 tankers have been added to the global orderbook, up from 79 for the same period last year, representing a year-on-year increase of c.32%, according to latest figures from Veson Nautical.Values for tanker newbuildings have also increased across all subsectors.
Arctic in Focus at MRS '24
At the Maritime Risk Symposium 2024, scheduled for June 11-13 at Naval Postgraduate School, Monterey, CA, RADM Matt Bell, USCG (Ret.) facilitates a panel entitled: Multi-Service and Maritime Industry Collaboration in the Arctic, to better understand how the changing dynamics in the Arctic region will necessitate increased collaboration between the maritime services and industry to mitigate the risks of Arctic maritime operations.
Simulator Project Aims to Improve Fishery Safety
Kongsberg Digital concluded a new project funded by FHF (the Norwegian Seafood Research Fund) for the development of its K-Sim Fishery simulator to incorporate a new purse seine application. The new simulator capabilities were demonstrated to the stakeholders at an event hosted by Nordland Vocational School (Lofoten Maritime) in Leknes, Norway on April 30th.Launched in 2018, K-Sim Fishery is a fishery simulator that introduces a whole new level of detail…
Hensoldt UK wins deal for Royal Fleet Auxiliary Ships
Sensor solutions provider Hensoldt UK has been selected by Navantia UK to provide key systems to the UK Royal Fleet Auxiliary’s (RFA) three new Fleet Solid Support (FSS) ships. The new vessels will incorporate Quadome Naval 3D Air and Surface Surveillance Radar, Air Traffic Management (ATM) systems and Kelvin Hughes Integrated Navigation Bridge Systems (INBS).Hensoldt will supply its new-generation Quadome 3D Air and Surface Surveillance radar…
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