GMS: Ship Recycling Market Subdued
The ship recycling market has so far been subdued in September, as expected, reports cash buyer GMS.Macro factors affecting the market include the situation in the Middle East, Houthi attacks on passing vessels and tensions caused by the repositioning of navies in response to ISIS fighters targeting U.S. bases.“The start of September saw the industry still witness the inescapable decline that is India’s ship recycling sector today…
Becker Marine Systems Introduces New Wind-Assist Steering Technology
Becker Marine Systems introduced two new products at SMM which are designed to optimise vessel hydrodynamic performance: the Becker Daggerboard and the Becker Steering Gear.The Becker Daggerboard is an anti-leeway fin designed for ships equipped with modern wind- assisted propulsion systems (WAPS). When using WAPS, the desired thrust ahead components drive the ship. Depending on the wind direction…
Esgian Week 36 Report: New Contracts Awarded in India, Guyana and West Africa
Esgian provides an update on new contract awards for Greatship, Transocean, Noble and Stena Drilling in its Week 36 Rig Analytics Market Roundup.Report SummaryContractsGreatship has secured a contract with Cairn for its 350-ft Greatdrill Chetna jackup drilling rig in India. The contract is firm for six months at a dayrate of approximately $90,000, starting in late November or early December 2024.Transocean has secured a binding letter of award from Reliance Industries for its 6th generation 12…
USS Richard M. McCool, Jr. Commissioned
The San Antonio-class amphibious transport dock USS Richard M. McCool, Jr. (LPD 29) commissioned aboard Naval Air Station Pensacola, Florida, on September 7.San Antonio-class amphibious transport dock ships are warships that embark, transport and land elements of a landing force for a variety of expeditionary warfare missions. They provide the Navy and Marine Corps with modern, sea-based platforms that are networked…
ASRY Lays First Keel in Bapco Refining’s Barges Project
The Arab Shipbuilding and Repair Yard Company (ASRY) has launched the first phase of the Bapco Refining Self-Propelled Fuel Oil Bunker Barges project with a keel-laying ceremony.The project, which is scheduled for execution in the final quarter of 2024, comes as part of a strategic alliance between ASRY and Bapco Refining and is a step towards positioning the Kingdom of Bahrain as a key maritime hub…
Mark Riggio Responds to “Getting the Numbers Right”
Wendy Laursen’s article Getting the Numbers Right, published in the August issue of Maritime Reporter, sparked debate from ballast water management experts. Here Mark Riggio, owner of Simplify Ballast, LLC, provides his feedback on the article which outlines the challenges the industry has faced trying to reduce the occurrence of invasive marine species transferred by ballast water.I felt it was important to speak out about this article for a number of reasons…
Autopsy Results Suggest Bayesian Victims Sought Bubbles of Air
British tech tycoon Mike Lynch died of suffocation after running out of oxygen, an investigative source said, citing initial examinations carried out on Saturday after his body was recovered from the family yacht that sank off Sicily's coast last month.Lynch, his daughter Hannah, 18, an onboard cook and four guests died when the British-flagged superyacht Bayesian sank during a severe and sudden weather event off the port of Porticello, near Palermo, on Aug.
Greece Tackles Over-Tourism from Cruise Ships
Greece plans to impose a 20-euro levy on cruise ship visitors to the islands of Santorini and Mykonos during the peak summer season, in a bid to avert over-tourism, Prime Minister Kyriakos Mitsotakis said on Sunday.Greece relies heavily on tourism, the main driver of the country's economy which is still recovering from a decade-long crisis that wiped out a fourth of its output.But some of its most popular destinations…
