Cyan Renewables to Buy MMA Offshore
Singapore's Cyan Renewables, which operates vessels for offshore wind farms, said on Thursday it will buy its Australian peer MMA Offshore for A$1.1 billion ($725.67 million), marking the largest take-private deal in this space in the Asia Pacific region.MMA shareholders will receive A$2.70 per share in cash, a 36% premium over its 90-day average price, according to a joint statement from Cyan and MMA.Cyan, which is backed by infrastructure investor Seraya Partners, had initially offered A$2.60
Ukrainian Spokesperson: Russia has Pulled All Vessels from Sea of Azov
A spokesperson for Ukraine's navy said on Wednesday that Russia had pulled all its vessels out of the Sea of Azov, a body of water connected to the Black Sea."There are no longer any Russian naval vessels in the Sea of Azov," the spokesperson, Dmytro Pletenchuk, wrote on Facebook.Ukrainian naval officials have said in recent months that successful attacks on targets in Russian-annexed Crimea and elsewhere in the Black Sea had forced the Russian navy to rebase its ships elsewhere.(Reuters - Repor
Diana Charters Ultramax Vessel to Stone Shipping
Dry bulk shipowner Diana Shipping announced it has entered into a time charter contract with Stone Shipping Ltd, for one of its Ultramax dry bulk vessels, DSI Polaris.The gross charter rate is US$15,400 per day, minus a 5% commission paid to third parties, for a period until minimum June 1, 2025 up to maximum August 15, 2025. The charter commenced retroactively as of July 20, 2024.The Marshall Islands registered DSI Polaris…
PMSA’s Michele Grubbs Joins CII Board of Directors
Michele Grubbs, vice president at the Pacific Merchant Shipping Association (PMSA), has been elected to the Board of Directors of the Containerization & Intermodal Institute (CII), a not-for-profit organization committed to supporting and promoting the business of international trade and the intermodal transportation community.Grubbs has been with PMSA since 2004, overseeing its Long Beach office.
Containership Fleet Growing at Fastest Rate in 15 Years
The maritime industry is seeing significant fleet growth in the containership sector as the volume of newbuild deliveries eclipses previous highs.“Since the beginning of the year, the capacity of the containership fleet has increased by 1.6 million TEU. Compared to one year ago, the capacity has risen 11% to 29.5 million TEU, the fastest fleet growth in 15 years,” said Niels Rasmussen, chief shipping analyst at BIMCO.During the first half of 2024…
Louring Joins GLO Marine as Sales Director
Romania-based GLO Marine announced it has appointed John Louring as its new sales director.Louring brings to the position a strong background in the maritime industry and green technologies gained over more than 20 years in sales and business development, having previously held roles at companies like Desmi and Blucher.Louring said, “I am thrilled to join the GLO Marine team. Their business transformation is truly impressive.
GE Vernova Says Faulty Manufacturing Led to Offshore Wind Blade Failure
Power services firm GE Vernova on Wednesday said a manufacturing flaw led to a turbine blade failure at the Vineyard Wind offshore project off the coast of Massachusetts earlier this month.The turbine blade broke on July 13 and left potentially dangerous debris on beaches on the island of Nantucket. Later, U.S. authorities ordered a shutdown of the project, which is still under construction.GE Vernova…
ABS Issues Advisory on Ammonia Bunkering
Classification society ABS on Wednesday announced it has released guidance focused on ammonia bunkering, said to be the first such advisory for the industry.The ABS Ammonia Bunkering: Technical and Operational Advisory considers the aspects of bunkering ammonia as a fuel, providing the maritime industry with a better understanding of the challenges involved and how best to address them.Due to its greenhouse gas emissions reduction potential…
Russia Boosts Fuel Shipments to Latin America
Russia has begun shipping oil and refined products to Bolivia, helping to tackle a fuel shortage in the country, and expanding its presence in Latin America as Western sanctions have forced Moscow to seek new markets, traders and shipping data show.After the full EU embargo on importing Russian oil products took effect in February 2023, Brazil has become one of the biggest importers of Russian fuel.
Israel Detains Cargo Vessel Over 'Inhumane' Onboard Conditions
A Palau-flagged general cargo vessel has been detained in Israel after "inhumane" crew conditions were discovered during an onboard inspection. The International Transport Workers’ Federation (ITF) said the vessel Serafina is the worst its inspector Assaf Hadar has ever seen in four years of inspecting ships in Israel.When Hader boarded the ship, he found food storage freezers all at above 0°c, the stench of rotten meat…
American Cruise Lines' New Coastal Cat Completes Sea Trials
American Cruise Lines' third new Coastal Cat cruise ship, American Liberty, has completed sea trials and is gearing up to sail its inaugural cruise in August.The 100-passenger American Liberty, built by Chesapeake Shipbuilding in Salisbury, Md., is the newest ship in American’s ongoing Project Blue series of 12 new small ships for river and coastal cruising in the U.S. Several more ships in the series are already under construction…
ioCurrents: Deep Diving into the Data
When setting out to maximize efficiency on board any type of commercial vessel, it’s most beneficial to look at the big picture, taking into account the entirety of its systems and operations, but examined at a granular level. Traditionally, this has been much easier said than done.But latest advancements in cutting-edge artificial intelligence (AI) and machine learning technologies like those being leveraged by Seattle-based tech company ioCurrents are unlocking new possibilities.
Italian Government Angered by Legal Probe Into Migrant Shipwreck
Prosecutors in the Italian city of Crotone said on Tuesday they have informed six police and coastguard officers that they may face trial over alleged failures to avoid amigrant shipwreck that killed at least 94 people.The move was denounced by Italy's right-wing government who defended the two coastguards and four police officers."Not only do they risk their lives every day to save others, but they even run the risk of being arrested in the event of a disaster…
Critically Injured Mariner Medevaced Off the Coast of India
An injured Chinese mariner was medevaced from a bulk carrier 200 nautical miles off the coast of Mumbai, the Indian Navy said.Maritime Rescue Coordination Centre Mumbai received a distress call on Tuesday night from the Panama-registered cargo vessel Zhong Shan Men requesting immediate evacuation for a critical injured mariner suffering heavy blood loss.Responding to the medical emergency, a Seaking helicopter was launched from Indian Navy Air Station INS Shikra at 5:50 a.m.
Oil to Be Transferred from Fire-hit Tanker in Singapore
Ship owner Hafnia, operator of the Hafnia Nile oil tanker, is in discussion with Singapore's Maritime and Port Authority (MPA) about transferring the damaged ship's cargo of naphtha to a safe location, the MPA said on Wednesday.The Singapore-flagged Hafnia Nile and the Sao Tome and Principe-flagged Ceres I collided and caught fire about 55 km (35 miles) northeast of the Singaporean island of Pedra Branca early on July 19.The Hafnia Nile…
Fishing Vessel Sinks Off Falkland Islands; Nine Dead, Four Missing
Nine people were confirmed dead and four were still missing after a British-Norwegian fishing vessel sank off the coast of the Falkland Islands on Monday, the boat's owner said on Wednesday.A total of 27 crew members had been aboard the Argos Georgia, a Saint Helena-flagged vessel, of whom 14 have so far been found alive, Stig Ervik, CEO at Norway's Ervik Havfiske Holding, told Reuters.Ervik said the fishing vessel had taken in water but that the company did not yet have full details of the cour
All Inter-Array Cables Laid at Dogger Bank’s First 1.2GW Phase
Deme Offshore has laid all inter-array cables, manufactured by its partner Hellenic Cables, for the first phase of 3.6 GW Dogger Bank offshore wind farm in UK.More than 200 miles of 66KV inter-array cables have been successfully installed by delivery partners working on the construction of the world’s largest offshore wind farm.The cables were laid by DEME Offshore’s Viking Neptun, with burial works…
Huisman to Deliver Knuckle Boom Crane for Offshore Energy Client
Dutch company Huisman has booked an order for the delivery of a Knuckle Boom Crane for a client in the offshore energy market.The 550mt Knuckle Boom Crane will be equipped with Huisman’s proprietary secondary-controlled Active Heave Compensation System, which features the latest technology in load control for various offshore environments and energy management.The crane’s boom is optimized for versatile operations on a pipelay vessel…
Panama Exceeds Flag Registry Expectations
The renewal of the Panama merchant fleet is one of the quality objectives of the Panama Maritime Authority (PMA), which is why the entry of vessels under 15 years of age to the Panama Ship Registry is being prioritized.As a result, 57% of ships registered in 2024 have an average age of four years. These vessels come mainly from the Asian market, a region in which the Panamanian Registry has technical offices (Japan…
Ecuador's Navy Ready to Combat Illegal Fishing Around the Galapagos Islands
Ecuador's navy is ready to protect the seas around the Galapagos Islands from illegal fishing by foreign ships whose annual visits threaten marine wildlife in the archipelago's waters, following training exercises with neighboring allies.Training operations around the Galapagos, which sit among a mega-diverse marine reserve, began in 2018 after authorities captured a ship in the protected area the year before.The ship…
