Weaving the Basket of Solutions
This week at MarineLink…Two reports released this week, one on the upscaling of green hydrogen production, the other on upscaling CCUS, both point to a lack of government initiatives as hindering investment. Without the establishment of regulations and multi-lateral frameworks, big projects are floundering.DNV’s latest Maritime Forecast to 2050 estimates that shipping’s demand for carbon-neutral fuels…
Financiers Report Better Alignment with Net Zero Goals
The Poseidon Principles, which represents nearly 80% of global ship finance, has published its fifth Annual Disclosure Report, showing progress towards decarbonised shipping.Continued growth of climate transparency from financial institutions shows that the global finance portfolio for shipping has moved closer to alignment with ambitious decarbonisation trajectories set by the IMO, aiming to remove…
Furetank Appoints First Female Chief Engineer
When the newbuilt tanker vessel Fure Vyl leaves the shipyard, Ailene Barrios heads the technical department on board. She is one of very few Filipino women in the business who have advanced to be a Chief Engineer.Furetank hopes that more will follow.Barrios started working with Furetank 16 years ago after finishing her studies and has been continuously promoted as she has obtained her licenses.“Furetank has always supported me to do my best.
Taiwan Signals Likely End to Latest Chinese Drills
Taiwan's defense ministry on Thursday closed an emergency response center opened earlier this week in response to what it said were stepped up Chinese military activities nearby, likely signaling an end to Beijing's maneuvers.Taiwan's defense ministry on Monday went on the alert and activated the center after reporting a large rise in Chinese military activity, both around the island and more broadly…
Panamanian-flag Tanker Rescues 73 in Dramatic Ops
The Panamanian-flagged tanker Nestos (IMO 9417464) played a pivotal role in a search and rescue mission, coordinated with the Greek Coast Guard, to save a distressed vessel.As reported by the Designated Person Ashore (DPA), the Nestos responded immediately to the call from Greek authorities, exemplifying exceptional readiness and unwavering commitment to maritime safety.Through the swift and skilled actions of its crew, 73 individuals were successfully rescued.
Update on Insolvency of FSG-Nobiskrug Shipyard
Salaries of the 500 employees are secured by insolvency money; discussions planned with clients for shipbuilding projects already underway. The Provisional insolvency administrators want to jointly develop restructuring solutions.The Flensburg and Neumünster district courts have initiated insolvency proceedings for four companies in the Schleswig-Holstein shipyard group FSG-Nobiskrug. The companies affected are FSG-Nobiskrug Holding GmbH…
A Busy Eight Months for EU's First Electric Tug
BB ELECTRA, the first fully electric powered tugboat to operate in Europe, has been extremely busy since arriving in Norway on April 8, 2024, to start working for environmentally-friendly operator Buksér og Berging.Built by Sanmar Shipyards in Turkiye to the exclusive to Sanmar ElectRA 2200SX design from Canadian naval architects Robert Allan Ltd, this game-changing tug has already completed 81 towage operations during 835 running hours.Part of a project unveiled in 2021…
Anemoi names Clare Urmston as new CEO
Anemoi Marine Technologies has today announced that Clare Urmston has been appointed as the company’s new Chief Executive Officer (CEO).After holding a number of executive and non-executive positions within the manufacturing, healthcare and fast-moving consumer goods sectors, Clare Urmston joined Anemoi in March 2020 as its Chief Financial Officer and, in May 2024, became Chief Operating Officer as…
BIMCO's Shipping Number of the Week
Dry bulk contracting falls 70% below average amid low rates.“Over the past three months, dry bulk newbuilding contracting has been 70% below the yearly average. Declining freight rates in recent months, a cloudy outlook and high newbuilding prices contributed to the slowdown, and contracting in 2024 will likely fall short of 2023 levels,” says Filipe Gouveia, Shipping Analyst at BIMCO.Driven by healthy demand, the dry bulk market was strong throughout most of the first three quarters of 2024.
Launch, Naming Ceremony at Seaspan for HMCS Protecteur
Seaspan Shipyards, Canada’s long-term, strategic shipbuilding partner for large, complex vessels under Canada’s National Shipbuilding Strategy, and the Royal Canadian Navy have reached an important milestone for the first Joint Support Ship, HMCS Protecteur.Seaspan will be holding a naming ceremony and celebration for the upcoming launch for the JSS at Seaspan’s Vancouver Shipyards. The Honourable Jonathan Wilkinson…
Panama Canal Battles Ongoing Drought
The lush river valleys of El Zaino y La Arenosa in western Panama, home to hundreds of families that eke out a living farming, fishing and raising cattle, could soon be submerged by a massive man-made reservoir designed to ensure the viability of the Panama Canal in the face of a changing climate.Tres Hermanas, with its farms, two schools, churches and a medical clinic, is one of dozens of towns that…
Singapore's MPA looks to scale up LNG bunkers
The Maritime and Port Authority of Singapore (MPA) has launched an expression of interest (EOI) to gather proposals for scaling up liquefied natural gas (LNG) for bunkering or ship refueling, it said in a statement on Thursday.The EOI seeks solutions for sea-based LNG reloading to complement existing onshore LNG bunkering storage and jetty capacities, as well as the supply of e-methane or bio-methane as a marine fuel in Singapore…
BOEM Advances Leasing for GoM Offshore Wind Energy
The Bureau of Ocean Energy Management (BOEM) announced today that it is issuing a Determination of Competitive Interest in two Wind Energy Areas (WEAs) in the Gulf of Mexico. The determination comes after an unsolicited request from Hecate Energy Gulf Wind LLC expressing interest in acquiring a commercial wind energy lease for WEA options C and D. On July 29, 2024, BOEM published a Request for Competitive…
Woodside’s North West Shelf Project Gets Australian Gov’s Approval
The Western Australian Government has issued an environmental approval to Woodside and the North West Shelf joint venture for extension of the project.After six years of assessment and appeals, this is a critical step in the approvals process to underpin the ongoing operation of the North West Shelf Project so it can continue to deliver a reliable supply of energy locally and globally.The State’s decision recommences the Federal environmental approvals process…
Beacon Offshore Hires Subsea7 for US Gulf of Mexico Deepwater Job
Texas-based exploration and production company Beacon Offshore Energy has awarded a contract to Subsea7 for the work on Monument development in the U.S. Gulf of Mexico.The project involves the installation of a high-pressure 27-kilometre subsea tieback to the Shenandoah Floating Production System (FPS), located in Walker Ridge Block 316 at water depths reaching up to 2,000 meters.Subsea7's scope of work includes the engineering…
Seaway7 Secures More Work at Dogger Bank Offshore Wind Farm
Dogger Bank Offshore Wind Farm, a joint venture partnership between SSE Renewables, Equinor, and Vårgrønn, has signed a vessel reservation agreement with Seaway7 to support the construction of the offshore wind farm being built in the U.K. North Sea.The contract represents additional work for Seaway7 at the Dogger Bank offshore wind development, where it is currently installing monopile foundations and transition pieces.The value of the agreement is between $150 million and $300 million…
