ADNOC L&S Inks $4.4B Deals for 23 New Supertankers
ADNOC Logistics & Services signed contracts worth $4.4 billion to build 23 supertankers for ethane, ammonia and liquefied natural gas, the UAE's state news agency reported on Thursday.ADNOC's CEO Abdulkareem Al Masabi said the company through its AW Shipping joint venture awarded contracts worth $1.9 billion to build nine Very Large Ethane Carriers (VLECs) and four Very Large Ammonia Carriers (VLACs)…
QatarEnergy Inaugurates Four New LNG Vessels in Korea
QatarEnergy has inaugurated four new conventional-size LNG vessels built in Samsung Heavy Industries and Hanwha Ocean shipyards in the Republic of Korea as part of its historic fleet expansion program.The four new vessels - Id’asah, Nuaijah, Umm Swayyah, and Lebrethah - are part of 128 total vessels ordered from Korean and Chinese shipyards as part of the largest shipbuilding program in the history…
Friday Shipbrokers Arranges Transport of Car Carrier to China for Repair
Friday & Co. Shipbrokers completed a chartering deal between Boskalis and a Chinese charterer to transport the car carrier Floor (formerly Fremantle Highway) from the Netherlands to China. The project entails transporting the vessel — damaged by fire last year — aboard Boskalis' semi-submersible heavy lift flagship, the Boka Vanguard, for repairs and modifications in Asia.Fremantle Highway, en route from Bremerhaven to Singapore in 2023…
ExxonMobil Delivers Bio Marine Fuel Blend to Hapag-Lloyd
Hapag-Lloyd’s vessel Colorado Express has bunkered a B25 bio marine fuel blend comprised of ExxonMobil’s bio fuel, which is able to deliver an estimated 20.1% greenhouse gas well-to-wake reduction compared with conventional marine fuel formulations on an energy basis.ExxonMobil’s Premium HDME 50 fuel consists 0.10% sulphur Emission Control Area (ECA) fuel, and waste-based fatty acid methyl esters (FAME)…
India, Ship Disposals boost CMB.Tech Q3
Belgian oil tanker company CMB.Tech says it will focus on the fast growing market in India as it reported third quarter results above market expectations on Thursday…
AVAT, KBB aim to 'Digitalize' Turbochargers
The aim of the recently agreed cooperation between the two German technology companies AVAT and Kompressorenbau Bannewitz GmbH (KBB) is to make turbocharger technology for large combustion engines even more powerful and efficient through digitalization. The new hardware and software will be able to collect and analyze a wide range of operating data and metrics from the turbocharger, providing information about the current operating point and possible damage patterns.
Are Fresh Vegetables a Key to Seafarer Happiness?
ClassNK awards the first-ever notation for installing a Hydroponic Vegetable Grower for Ship to improve seafarers’ living conditions to Tokei Kaiun’s bulk carrier Royal Laurel.ClassNK granted its ‘ELW (HP)’ (Excellent Living and Working Environment (Hydroponics)) notation to the ship, and the system is expected to help improve working conditions that exceed the regulations set by the Maritime Labor Convention (MLC, 2006).
Shipbuilding Shares Soar After Trump, Yoon Call
South Korean President Yoon Suk Yeol spoke with Donald Trump on Thursday and congratulated him on winning the U.S. presidency on the "Make America Great Again" slogan as officials in Seoul worked to prepare for "significant" economic changes.Yoon and Trump held a 12-minute phone call and discussed the close security and economic ties of their two countries across all areas, a senior South Korean official…
Babcock Hires KDC Veolia to Assist with UK’s Nuclear Submarine Dismantling
Babcock has awarded the recycling contract to KDC Veolia Decommissioning Services UK (KDCV) as part of U.K.’s demonstrator project to fully dismantle a nuclear-powered submarine Swiftsure.Babcock is working with the Defence Nuclear Enterprise (DNE) and KDCV on the demonstrator dismantling project, applying a new and innovative methodology which will enable around 90% of the structure and components to be reused or recycled.This includes the pressure hull around the reactor compartment…
GTT Books FSRU Tank Design Order from Korean Shipyard
French engineering company GTT has received an order from a Korean shipyard for the tank design of a new floating storage regasification unit (FSRU).The FSRU is being built for the Asian shipowner.GTT will design the tanks of this FSRU, with a total capacity of 204,000 m3.The tanks will be fitted with the NO96 GW containment system developed by GTT.The delivery of the vessels is scheduled for the fourth quarter of 2027.
CMB.TECH Profits Rise, VLCC Outlook Good
Belgian oil tanker company CMB.TECH posted third-quarter profit above market expectations on Thursday, powered by a long-term strategy of decarbonization and diversification of its fleet."From a supply-side perspective, the outlook for the tanker fleet remains generally favorable for Very Large Crude Carriers (VLCCs)," the group said in a statement.It cautioned about the Suezmax segment, where the order book has grown significantly, with an orderbook-to-fleet (OB/F) ratio of 16.3%, more than dou
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