GMS: Knuckle-Biting Third Quarter for Ship Recyclers
Cash buyer GMS predicts a knuckle-biter of a third quarter for ship recycling, given that:• (confusing) budgets were announced in Bangladesh and Pakistan this week• taxes and duties are to be imposed on FO / LO on incoming vessels in Bangladesh • India’s first post-election budget is due in July under the freshly formed coalition government• Alang recyclers are still fresh in the wake of post-election…
China Coast Guard: Philippine Supply Ship Bumped Chinese Ship
A Philippine supply ship dangerously approached a Chinese ship resulting in a slight collision after it illegally intruded into waters adjacent to the Second Thomas Shoal in the South China Sea, the Chinese coast guard said on Monday.The Philippine transport and replenishment ship ignored China's repeated solemn warnings, the coast guard said in a statement.The guard said the vessel deliberately and dangerously approached the Chinese ship in an unprofessional manner, resulting in a collision.
Esgian Week 24 Report: Noble and Diamond Offshore Announce Merger Plans
Esgian provides an update on Noble and Diamond Offshore’s announcement of merger plans in its Week 24 Rig Analytics Market Roundup.Report SummaryContractsADES has completed the signing of a drilling contract for a jackup with Suez Oil Company (SUCO) in Egypt.Mergers & AcquisitionsNoble Corporation and Diamond Offshore Drilling have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction.
Container Shipping Spot Rate Growth Slows
Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing.The latest data from Xeneta, the ocean freight rate benchmarking and intelligence platform, indicates spot rates on major trades out of the Far East will increase again on June 15, but to a less dramatic extent than witnessed in May and early June.Average spot rates from the Far East to US West Coast are set to increase by 4.8% on June 15 to stand at $6…
Singapore Oil Spill Spreads Along Coast
An oil spill off southern Singapore has spread to other areas of the island's coast and is threatening a marine reserve, government agencies said, adding that authorities were intensifying efforts to mop up the fuel.The oil spilled into Singaporean waters after a Netherlands-flagged dredger struck a stationary Singapore-flagged bunker vessel on Friday afternoon in the southern port of Pasir Panjang.
Houthis Say they Attacked Two Ships and American Destroyer
Yemen's Houthis said on Sunday that they had attacked two civilian ships along with an American destroyer in the Red Sea and Arabian Sea, their latest effort to disrupt shipping in what they say is support for Palestinians in Gaza.In a statement, the Houthi military spokesperson, Yahya Saree, said the militant group fired ballistic missiles at the American destroyer, naval missiles at a ship called the Captain Paris, and drones at a ship called the Happy Condor.
Exploring Green Power & Propulsion in the SOV Sector
As the offshore wind industry grows, so too does the number of purpose-built SOVs and CSOVs needed to support this clean energy sector. Maritime Matters sits down with Siemens Energy’s Trygve Øi Akselsen and Intelatus Global Partners’ Philip Lewis to discuss how evolving technologies are helping to drive performance and efficiency gains across the global fleet.
Jan De Nul Orders Plug-in Hybrid Hopper Dredge
Dutch dredging and marine services contractor Jan De Nul Group announced it has signed a contract with Indian shipbuilder Goa Shipyard for the construction of a new trailing suction hopper dredger (TSHD). The vessel is a plug-in hybrid specifically designed to operate in small harbors.With its 79 meters hull length, the new vessel will be the smallest of Jan De Nul Group’s hopper fleet. It has a hopper capacity of 2…
Mammoet Wins Contract for Hawaii Dry Dock Upgrade
Mammoet has entered into an agreement with DHO (Dragados/Hawaiian Dredging/Orion JV) to perform transportation and lifting services for the construction of Dry Dock 5 in Pearl Harbor, Hawaii.This initiative stems from the Navy’s Shipyard Infrastructure Optimization Program (SIOP), which aims to support Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility’s (PHNSY & IMF) ability to continue serving the Navy decades into the future by maintaining and modernizing the U.S.
Houthi-hit Bulk Carrier Tutor Abandoned and Adrift
The crew of a Greek-owned vessel damaged in an attack by Yemeni Houthi militants has been evacuated, and the abandoned ship is drifting in the Red Sea, the United Kingdom Maritime Trade Operations said on Friday.One sailor from Tutor, the Liberia-flagged coal carrier, remains missing, officials in the Philippines said.The attack near the Yemeni port of Hodeidah on Wednesday caused severe flooding and…
Russia Boosts Oil Revenues as Shipping and Trading Network Grows
Russian oil exporters are charging more for their oil in major market India than at any time since the war in Ukraine started as a growing number of shippers and intermediaries take part in the trade, weakening the impact of Western sanctions on Moscow.The exporters have had to offer deep discounts to encourage shipping companies and traders to move their crude and brave the risk of sanctions since Russia's full-scale invasion of Ukraine in February 2022.Among the restrictions…
US Says it Destroyed Houthi Patrol Boats, Drone
The U.S. military said on Thursday it destroyed two Houthi patrol boats, one uncrewed surface vessel and one drone over the Red Sea in its latest effort to degrade the capabilities of the Iran-backed group.The Houthis, who control the most populous areas of Yemen, targeted the Verbena in the Arabian Sea as well as the Seaguardian and Athina in the Red Sea, the Iran-aligned group's military spokesman…
Rescue Underway for Crew of Vessel Hit by Houthis
The crew of a Greek-owned vessel Tutor that was damaged in an attack by Yemeni Houthi militants in the Red Sea should be rescued within the day although one sailor is still missing, the Philippines said on Friday.The attack near the Yemeni port of Hodeidah on Wednesday caused severe flooding and damage to the engine room and left the Tutor, a Liberia-flagged coal carrier, unable to maneuver. It was…
Solstad Offshore’s Two CSVs Remain on Duty for Subsea7
Norwegian offshore vessel owner Solstad Offshore has secured contract extensions with Subsea7 for two of its subsea construction support vessels (CSVs) – Normand Subsea and Normand Energy.Subsea7 has exercised the 2025 optional charter period for the Normand Subsea.The contract is now firm until December 31, 2025, with no further options thereafter.Normand Subsea has been on contract to Subsea 7 since 2009. It is a 113-meter-long vessel, built in 2009, featuring VS 471 design.
UK’s Portland Port Orders Damen’s Tug
Damen Shipyards has signed a contract with UK’s Portland Harbour Authority (PHA) for the delivery of one of its latest tugs, the Damen ASD Tug 2111.The highly-maneuverable ASD Tug 2111 is 21-metres in length and delivers 50 tonnes of bollard pull.The vessel will be delivered later this year. Damen’s policy of building particular vessel types in anticipation of future orders means that customers of…
Damen Presents Offshore Charging Solution for Electric CTVs
Damen Shipyards Group has developed a new concept for offshore charging for fully electric crew transfer vessels (CTVs) operating at offshore wind farms.The system envisages a fully electric CTV which can charge either at offshore wind turbine or one of Damen’s commissioning service operations vessels (CSOVs) outfitted with a charger.The charging system that Damen has applied to its concept is developed by UK-based MJR…
Nergård Havfiske Names its New Vard-Built Stern Trawler
Nergård Havfiske has held a naming ceremony for its newbuild stern trawler, delivered by Norwegian shipbuilder Vard, which will sail under the name Sørkapp.The stern trawler is the third vessel Vard has delivered to Nergård Havfiske. The two previous trawlers are Breidtind and Senja. All three vessels were at the quay during the ceremony.Sørkapp is a stern trawler of VARD 8 02 design, developed by Vard in close collaboration with Nergård Havfiske…
Vard Holds Naming Ceremony for Norway’s Third and Final Coast Guard Vessel Newbuild
The last of the three coast guard vessels, strengthening the control and surveillance in the northern area of Norway, has been named KV Hopen by Minister of Climate and Environment Andreas Bjelland Eriksen at Vard Langsten in Norway.With the naming ceremony of the third vessel in the Jan Mayen class, one of Norway's largest maritime acquisitions ever is about to be completed.Norway's new coast guard…
Konsberg to Equip Hybrid Chemical Tanker for Danish Operator
Kongsberg Maritime has secured a contract to design and a equip a 10th hybrid chemical tanker for Danish operator Tärntank.The new Tärntank vessels will reduce carbon emissions using a combination of clean technologies.The wind-assist technology will be installed on the latest four vessels ordered, and this feature alone is expected to reduce emissions by up to 19%. The new vessels will have an Energy Efficiency Design Index close to 40% below the 2025 Phase 3 requirements.The 15…
NYK Begins Onboard Testing of Sustainable Car Lashing Belts
NYK Line, NYK Trading Corporation and Rexxam Corporation have begun onboard testing of jointly developed prototype car lashing belts using recycled polyester fiber for use in car carriers.Aiming to reduce petroleum consumption and greenhouse gas (GHG) emissions, the three companies signed an agreement in 2022 to jointly develop a car lashing belt that uses recycled polyester fiber for the belt portion.
