Panama Canal's Big Plans to Address 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…
Hapag-Lloyd Expects Lower 4Q Profitability
Hapag-Lloyd expects lower profitability in the fourth quarter but still at a "good level", after freight rates peaked in the third quarter, Rolf Habben Jansen, the CEO of the German shipping company, said at a press conference on Monday.Habben Jansen also expects disruptions in the Red Sea linked to Houthi militants to continue well into 2025, meaning that rerouting around Africa would continue.Hapag's…
Cargo Ship Sinking off Egypt’s Red Sea Coast
Egyptian authorities are scrambling to salvage the VSG Glory, a cargo ship that began sinking on Monday near the coral reefs off Quseir in the Red Sea Governorate after being stranded for 10 days, maritime sources told Reuters.The vessel, carrying 21 crew, 4,000 metric tons of bran, 70 tons of fuel oil and 50 tons of diesel, sustained a 60-centimeter (23.6 inch) hull breach, allowing seawater to flood its engine room.
St. Lawrence Seaway Invests $350 Million in Upgrades
The St. Lawrence Seaway Management Corporation (SLSMC) has announced an investment of over $350 million in infrastructure upgrades over the next three years.This investment will ensure the Seaway’s continued reliability and efficiency, while creating jobs and strengthening local communities. Spanning from April 1, 2024, to March 31, 2027, the investments include more than $170 million in the Montreal to Lake Ontario (MLO) region and $180 million in the Welland Canal region.
27 New Alternative-Fueled Vessel Orders in November, DNV Finds
The latest figures from DNV’s Alternative Fuels Insight (AFI) platform have confirmed that a total of 27 new orders for alternative fueled vessels have been placed in November 2024.According to DNV’s AFI platform, LNG continues to be the main driver, accounting for 23 vessels, with most of these (15) coming from the container segment.November 2024 has also been a strong month for the car carrier segment…
Senesco’s Sixth CTV Set for Offshore Wind Service
Senesco Marine has launched its sixth Crew Transfer Vessel (CTV), the WindServe Spartan, which will put to service for United States’ growing offshore wind industry.WindServe Marine, a sister company to the Rhode Island shipbuilder Senesco Marine - both part of the Reinauer Group - will operate the CTV.“This state-of-the-art vessel is set to begin its important work off the coast, showcasing our commitment to excellence and innovation.
Edda Wind’s Newbuild CSOV Hits Water in Vietnam
Norwegian offshore wind vessel owner Edda Wind has launched its Vard-built Commissioning Service Operation Vessel (CSOV) in Vietnam, which will be put to its maiden job at offshore wind project in Taiwan following delivery scheduled for 2025.The vessel, NB967, was launched from a floating dock on December 1, 2024, ensuring the process was controlled and slow.Prior to the launch, the yard held a ceremony…
Damen’s Shiprepair Yard Expands Onshore Charging Capabilities for Vessels
Damen Shiprepair Oranjewerf has advanced its on-shore power charging capabilities to cover all types of vessels that call at the yard in Amsterdam.The yard had already installed shore power suited to many of its projects. However, with this latest installation, developed by Elma Systems, the availability of clean on-shore power converted to 60Hz has been expanded to cover more vessel types.“Previously, we were able to provide shore power with 50 hertz.
ABL Wraps Up Work for FSRU Toscana Project in Italy
Energy and marine consultancy ABL has completed its scope of work as marine warranty surveyor (MWS) to support the successful transport and re-installation of the floating storage and regasification unit (FSRU) Toscana, off the coast of Livorno in Italy.ABL was appointed on this project by OLT Offshore LNG Toscana, the owner of FSRU Toscana.In mid-April 2024, the FSRU Toscana was successfully towed with the support of two tugs…
CorPower Teams Up with SwitchH2 for Wave Powered Green Ammonia Project
Swedish wave energy company CorPower Ocean has partnered with SwitchH2, offshore floating production systems developer for the delivery of green hydrogen and green ammonia, to deliver industrial-scale floating green ammonia production facility partially powered by wave energy.With backing from Norway-based BW Offshore and Dutch Oceans Capital, SwitcH2 is leading the development of industrial-scale…
Obituary: Capt John M Cox III (1930-2024)
Tributes have been paid to The Maritime Group (International) (TMG) founder Captain John M Cox III following his death at the age of 93.Capt Cox, known to his friends as Jack, died peacefully in Seattle on Thursday November 21 after a short illness.He recently retired as chairman and president of The Maritime Group (International), which included The Maritime Group, Inc. (Seattle), The Maritime Group (Pacific)…
MOL Launches Mitsui Ocean Fuji Cruise Ship
Mitsui O.S.K. Lines (MOL) has launched the Mitsui Ocean Fuji cruise ship, owned by MOL Group company MOL Cruises.The 32,477-ton Mitsui Ocean Fuji, the first cruise ship in Japan with all suite cabins, will offer a total of five debut cruise packages and one New Year's cruise through January 2025.In addition to cruises to and from Yokohama, it also offers cruises to andfrom Kobe and Nagoya, and cruise to and from Beppu…
Lloyd’s Register Clears Vard’s Two Methanol-Ready Offshore Wind CSOVs
Norwegian shipbuilder Vard, part of Fincantieri Group, has secured Lloyd’s Register’s Approval in Principle (AiP) of the methanol fueling system for two offshore wind Commissioning Service Operation Vessels (CSOVs) being built for North Star.With the AiP, the two ships will be amongst the first prepared for conversion to green fuels in the wind market.The CSOVs are of VARD 422 design and are tailor-made for the UK’s infrastructure support vessel operator North Star…
SHI Delivers New NYK LNG Vessel
NYK Line has taken delivery of the Samsung Heavy Industries (SHI)-built liquefied natural gas (LNG) carrier, named Quest Kirishima.The LNG carrier was completed and delivered at the SHI Geoje Shipyard on December 2, 2024.The vessel, Quest Kirishima, will be deployed under a time-charter contract with Q United Energy Supply & Trading, a wholly owned subsidiary of Kyushu Electric Power.Quest Kirishima’s membrane-type cargo tanks have a 174…
Yinson and PetroVietnam JV Get FSO Contract for Vietnamese Field
PTSC Asia Pacific, a joint venture between Yinson Production and PetroVietnam Technical Services Corporation (PTSC), has secured a contract for the provision, charter, operation and maintenance of the floating storage and offloading (FSO) vessel for the Lac Da Vang project offshore Vietnam.PTSC Asia Pacific executed the contract with Murphy Cuu Long Bac Oil, a wholly owned subsidiary of Murphy Oil Corporation.The FSO will be a newbuild double-hull vessel with storage capacity around 500…
Ship Recycling Market Outlook Increasingly Positive
Cash buyer GMS notes that despite incoming president Trump’s announcement of applying sweeping tariffs to the tune of 25% on China, Mexico and Canada, the U.S. economy continues to firm as U.S. inflation drops to (globally) fantastic levels and the US Dollar strengthens against nearly all ship recycling nation currencies this week.The news of the ceasefire between Israel and Hezbollah ceasefire eased tensions around trade routes…
Australian Police Make Record Cocaine Bust
Eleven men and two juveniles have been charged following an investigation into a transnational organized crime syndicate accused of conspiring to import 2.34 tonnes of cocaine into Australia by sea.This is the largest ever seizure of cocaine in Australia. The cocaine had an estimated street value of about A$760 million ($494 million) with the potential to equate to 11.7 million individual street deals…
New Method Enables Biofuel Fingerprinting in an Hour
The Global Centre for Maritime Decarbonization (GCMD) has introduced a new technique that creates a fingerprint for Fatty Acid Methyl Esters (FAME) biofuels that can identify the origins of the fuel's feedstock.The shipping industry is increasingly using biofuels, such as FAME, to reduce its GHG emissions. However, concerns have arisen regarding the legitimacy of biofuels and whether they are truly sustainable.
Series of Human Errors Led to HMNZS Manawanui Grounding
HMNZS Manawanui grounded and sunk off the coast of Samoa as a result of human error, an interim Court of Inquiry report shows.The Royal New Zealand Navy ship grounded on a reef on the southern side of Samoa, on October 5, 2024, while conducting survey operations.Chief of Navy Rear Admiral Garin Golding stood up a Court of Inquiry following the incident. “The direct cause of the grounding has been determined…
Maersk Names Newest Vessel After Founder
A.P. Moller - Maersk has named its newest dual-fuel methanol container vessel A.P. Møller in honor of Arnold Peter Møller, the founder of A.P. Moller – Maersk.The newbuild is the ninth vessel in Maersk’s fleet capable of operating on methanol.A.P. Møller is part of a series of 18 large dual-fuel methanol vessels scheduled for delivery in 2024 and 2025. Built at Hyundai Heavy Industries in Ulsan, South Korea…
