US Lists Houthis as Terrorists, Business Fears Lengthy Red Sea Disruption
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The United States on Wednesday returned the Yemen-based Houthi rebels to a list of terrorist groups, while business chiefs warned that disruption to shipping in the Red Sea caused by their attacks could affect supply chains for months.Attacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and alarmed major powers - an escalation of…
Menoyo Joins Great Lakes Towing Company in VP Role
![Salvadore Menoyo (Photo: The Great Lakes Towing Company)](https://images.marinelink.com/images/maritime/w100h1500/salvadore-menoyo-photo-the-great-146979.jpg)
The Great Lakes Towing Company (GLT) has hired Salvadore Menoyo for its business development team.Sal has been named Vice President-Special Projects, reporting to Joe Starck, President of GLT. He will be based in Jacksonville, Fla. and use his extensive experience and expertise to identify, develop and manage new business opportunities on the East Coast, including the Gulf and Puerto Rico. In this new role…
Italy Pushes for Quick Decision on EU Maritime Red Sea Force
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Italy would like a political decision made to create an EU maritime security mission for the Red Sea by next week so that it can become operational as soon as possible, its foreign minister said on Wednesday.European Union member states gave initial backing on Tuesday to the mission to protect ships from attacks by Yemen's Iran-aligned Houthi militia in the Red Sea on concern that disruption in one…
EDF Backed EUROGUARD Project Sets Sail in Estonia
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The European Defense Fund (EDF)backed EUROGUARD project has officially kicked off in Estonia as Europe seeks to bolter its sea defense capabilities.The project's primary objective is to develop a modular and semi-autonomous surface vessel platform equipped with a remote control system. The initiative aims to enhance Europe's maritime defense capabilities while promoting cooperation and innovation in…
Stena Drilling Takes Delivery of Stena Evolution Drillship
![Stena Evolution (Credit: Stena Drilling)](https://images.marinelink.com/images/maritime/w100h1500/stena-evolution-credit-stena-drilling-146961.jpg)
Offshore drilling contractor Stena Drilling has taken delivery of its 7th generation Stena Evolution ultra-deepwater drillship from Samsung Heavy Industries.After a decade in the making, Stena Evolution drillship has finally been completed and is ready for its first job.The technologically advanced drillship is capable of operating at water depths of up to 12,000ft (around 3,500 meters) and drilling depths up to 40…
Fratelli Cosulich Inks Charter Deal for LNG Bunkering Vessel
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Italian shipowner Fratelli Cosulich and PETCO Trading Labuan Company Limited (PTLCL), a trading arm of Malaysian energy company Petronas, have signed a two-year charter agreement for Paolina Cosulich LNG bunker barge.Operating under PTLCL, a global energy solutions provider in key bunker hubs with network in Southeast Asia, Japan, Middle East and South Africa, Paolina Cosulich will cater to the increasing…
“This is not a decision against THE Alliance,” says Hapag-Lloyd Chief
![Rolf Habben Jansen, CEO, Hapag-Lloyd. Copyright Thies Raetzke/Hapag-Lloyd](https://images.marinelink.com/images/maritime/w100h1500/rolf-habben-jansen-ceo-hapaglloyd-146972.jpg)
Hapag-Lloyd and Maersk signed an agreement for a new long-term operational collaboration called Gemini Cooperation, aiming to start in February 2025.Simultaneous with the announcement, Hapag-Lloyd informed its partners in THE Alliance that it would end its participation in January 2025. In a press call with journalists, Rolf Habben Jansen, CEO, Hapag-Lloyd stressed this is “not a decision against THE Alliance…
Shell Halts All Red Sea Shipments
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British oil major Shell suspended all shipments through the Red Sea indefinitely after U.S. and U.K.
Esvagt to Build New SOV to Service Dutch Offshore Wind Farm
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Danish vessel owner Esvagt has secured a service contract with Vestas for Ecowende’s Hollandse Kust (west) offshore wind farm in the Netherlands, and started the process of designing and building the new service operation vessel (SOV).The newbuild will be the sixth purpose-built SOV for Vestas, reaffirming the partnership between the two companies that have been cooperating since 2010.The Hollandse Kust (west)…
OPINON: Tackling the Houthi Drone Threat with AI
![OrcaAI CTO Dor Raviv. Photo: OrcaAI](https://images.marinelink.com/images/maritime/w100h1500/orcaai-cto-dor-raviv-photo-146967.jpg)
Houthi rebel drone attacks on vessels traversing the Red Sea and Suez Canal route, accounting for 10% of global trade, have exposed the shortcomings of current ship alert systems.The unpredictability and increased frequency of these attacks have created a challenging security environment for ships passing the area via the Bab el Mandeb strait, posing a substantial risk to seafarers and maritime trade…
Product Tanker Scrapping Drops 82%
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“In 2023, only seven product tankers with combined deadweight tonnes (DWT) capacity of 265,000 were recycled. This was a year-on-year drop of 82% compared to 1.5 million DWT (27 product tankers) recycled in 2022. It was also the lowest level of recycling seen since records began in 1996,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Strong earnings and second-hand values, as well as a reduction in newbuilding deliveries…
ClassNK Gives AiP for Yanmar’s Maritime Hydrogen Fuel Cell System
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ClassNK has issued an Approval in Principle (AiP) for a maritime hydrogen fuel cell system developed by YANMAR Power Technology, marking the first AiP certification for a maritime hydrogen fuel cell system developed by a Japanese manufacturer.The 300kW maritime hydrogen fuel cell system, developed by Yanmar, is designed with key auxiliary components such as gas valve units integrated within the system enclosure, aimed to facilitate easy installation on ships.On top of that, the system allows for
Hunter Group Signs Charter for Eco-Design VLCC
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Norwegian shipowner Hunter Group has entered into a three-year back-to-back charterparty for an eco-design and scrubber fitted Very Large Crude Carrier (VLCC) with an internationally renowned counterparty.Delivery of the 2016-built vessel is expected to take place during March/April 2024.The company will charter the vessel in at a fixed rate of $51,000 per day, before subsequently chartering the vessel…
Maersk and Hapag-Lloyd Set Up Operational Cooperation
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Shipping industry majors Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ‘Gemini Cooperation’, which will start in February 2025.The ambition is to deliver a flexible and interconnected ocean network with industry-leading reliability.The new cooperation between the companies will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million containers (TEU).
ONE Orders 12 Methanol Dual-Fuel Containerships
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Japanese shipping company Ocean Network Express (ONE) has signed shipbuilding contracts with Jiangnan Shipyard and Yangzijiang Shipbuilding for the construction of 12 13,000 TEU methanol dual-fuel containerships.Each shipyard will build six vessels and are all scheduled to be delivered from 2027. The order represents ONE’s inaugural fleet of methanol-dual fuel vessels and plays a key role in reaching…
Trans Global Projects Appoints New Director
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Trans Global Projects (TGP) has appointed Dominic Toh as Director, Singapore, as part of its strategy to capitalise on strong growth in the project cargo market of southeast Asia.Toh, who is the company’s second key hire since the start of January 2024, brings nearly three decades of logistics’ experience, including from several major multinational project logistics organisations.Based out of TGP’s Singapore office…
Bahamas Defense Force Orders Four New Vessels from SAFE Boats
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SAFE Boats International (SBI) reports it signed a contract with the Royal Bahamas Defense Force (RBDF), adding another four 41-foot Interceptors to its current fleet of existing SAFE Boat vessels.This latest contract, signed January 11, is the result of collaborating efforts over the past three years between RBDF and SBI, the Pacific Northwest boatbuilder said. This contract is a fully funded, direct purchase by the RBDF to supply four vessels…
BC Ferries Awards Shipyard Contract for New Hybrid Electric Vessels
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Canada's BC Ferries announced Dutch shipbuilding conglomerate Damen Shipyards Group has been selected to build its four new hybrid electric Island Class vessels.Damen, the same shipbuilder that built BC Ferries’ previous six Island Class ferries between 2020 and 2022, will construct the vessels in Romania, after its bid was selected from among several proposals received from around the world. No Canadian companies bid for the build program…
Equatorial, TFG and Sinopec are Singapore's Top Three Marine Bunker Suppliers in 2023
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Equatorial Marine Fuel Management Services, TFG Marine and Sinopec Fuel Oil Singapore were the top three marine bunker suppliers in Singapore, the world's largest bunker hub, in 2023, latest data from the port authority showed.Equatorial maintained its top position for a second consecutive year, while Trafigura's TFG Marine rose one spot to become the second largest supplier, data from Singapore's…
GE Vernova to Equip UK FSS Ships with Hybrid-electric Propulsion
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GE Vernova's Power Conversion business in the UK has been chosen by Team Resolute to supply advanced hybrid propulsion technology for three Fleet Solid Support (FSS) ships for the UK Ministry of Defense (MOD).Team Resolute is a consortium created by Spanish shipbuilder and defense company Navantia, shipbuilder Harland & Wolff and naval architects BMT to deliver the FSS program, for which Navantia UK…