Saipem Barred from Public Contracts in Brazil for 2 Years
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The Brazilian administrative authority has suspended Italy's Saipem and its subsidiary Saipem do Brasil from contracting with the country's public administration for two years, the engineering and construction group said on Friday.The decision stems from the final ruling in the administrative proceedings initiated against the companies in relation to alleged irregularities in the award of a gas pipeline contract in 2011.The sanction has no impact on ongoing projects in Brazil, Saipem said, addin
Baltic Dry Index Marks Worst Week Since 2008
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The Baltic Exchange's dry bulk sea freight index slid on Friday as its worst week since 2008 came to an end with rates across vessel segments languishing at multi-month lows.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, lost 94 points, or 6.1%, to 1,460, its lowest level since Nov. 2. It shed more than 30% for its biggest weekly decline since 2008.The capesize index dropped by 252 pointsâŠ
Glosten to Design Research Vessel for SARDI
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Glosten announced it has been selected to develop the concept design of a coastal research vessel for the South Australian Research and Development Institute (SARDI).The naval architecture and marine engineering firm said it has been working closely with SARDI to refine the vesselâs capabilities and is beginning to develop a design that best fits their operational requirements: a 30-37-meter monohull with extended rangeâŠ
Stena Bulk Halts Tanker Transits in Red Sea
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Tanker company Stena Bulk halted transits in the Red Sea early on Friday Central European Time, its CEO Erik Hannel told Reuters.It is the latest tanker operator to cease traversing the key shipping corridor following an advisory from the Combined Maritime Forces to stay clear of the region after the launch of U.S. and British air strikes on Houthi forces in Yemen.(Reuter - Reporting by Natalie Grover; editing by Mark Heinrich)
Houthis Mistakenly Target Tanker Carrying Russian Oil
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Houthi militants mistakenly targeted a tanker carrying Russian oil in a missile attack on Friday off Yemen, British maritime security firm Ambrey said.The United Kingdom Maritime Trade Operations (UKMTO) organisation said it had received a report of a missile being fired 90 nautical miles southeast of Yemen's port city of Aden."The master reported a missile landing in the water 400-500 metres awayâŠ
Container Rates Soar on Concerns of Prolonged Red Sea Disruption
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Container shipping rates for key global routes have soared this week, with U.S. and UK air strikes on Yemen stirring concerns of a prolonged disruption to global trade in Red Sea, one of the world's busiest routes, industry officials said on Friday.U.S. and British warplanes, ships and submarines launched dozens of strikes across Yemen overnight in retaliation against Iran-backed Houthi forces for attacks on Red Sea shippingâŠ
Penguin Delivers CTV Pair to Northern Offshore Services
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Northern Offshore Services (N-O-S) announced it has taken delivery of two new crew transfer vessels (CTV) from Penguin Shipyard in Singapore.The R-Class sister vessels, Runner and Responder, were officially handed over in 2023 and are now ready for operation in Europe, N-O-S said.The the R-Class was created by N-O-S' in-house R&D department, featuring a "future proofed" automation system, N-O-S Green Technology solutionsâŠ
As Missiles Soar, Freight Rates Soar, too
![Peter Sand, Chief Analyst, Xeneta. Image courtesy Xeneta](https://images.marinelink.com/images/maritime/w100h1500/peter-sand-chief-analyst-xeneta-146857.jpg)
Missile strikes by the US and UK against Houthi militia in Yemen has brought heightened tensions across the region with disruption to ocean freight shipping set to deteriorate further.At approximately 2.30am (Sanaa/Red Sea time) today, Friday, the US and UK military carried out air strikes on targets in Yemen in response to Houthi militia attacks on merchant ships in the Red Sea, which have totalled 27 since November 19.âWe want to see safeâŠ
First of Four CMAL Ferry MV Isle to Launch Mid-March
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Caledonian Maritime Assets Limited (CMAL) announced the launch of MV Isle of Islay on March 16, 2024 at the Cemre Marin Endustri shipyard in Yalova, Turkey.It is the first of four ferries being built at the yard, and marks a major milestone in CMALâs commitment to delivering new ferries to serve the Scottish islands. The hull is now structurally complete, all blocks for the vessel have been erected and surveyed.The ferry, which will serve Islay and Jura, is set to be delivered in October 2024.
Salvage Tug Koyo Maru Built for Nippon Salvage
![Image courtesy Mitsubishi Shipbuilding Co., Ltd.](https://images.marinelink.com/images/maritime/w100h1500/age-courtesy-mitsubishi-shipbuilding-co-146847.jpg)
Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company christened and launched a salvage tug being built for Nippon Salvage Co., Ltd. The ceremony took place at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture. The vessel, named Koyo Maru, is scheduled for handover to Nippon Salvage in June 2024 following completion of outfitting work and sea trials.Koyo Maru measures 80.6 x 15.5 m with gross tonnage of approximately 3,000.
USNS Cody Delivered to US Navy
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Austal USA formally handed over USNS Cody (EPF 14) to the U.S. Navy as representatives from both parties signed official delivery documentation onboard the ship. Austal USA and the Navyâs Expeditionary Fast Transport (EPF) program team successfully completed acceptance trials on the EPF 14 in the Gulf of Mexico in December signifying that the ship was ready for delivery to the Navy. These trials involvedâŠ
Maersk Hopeful Naval Presence Will Allow Red Sea Transits to Return
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Maersk hopes international interventions and a larger naval presence in the Red Sea will eventually lead to maritime commerce to resume through the strait, it said on Friday, following U.S-British strikes overnight against Houthi military targets in Yemen."We hope that these interventions and a larger naval presence will eventually lead to a lowered threat environment allowing maritime commerce to transit through the Red Sea and once again return to using the Suez Canal as a gateway," Maersk sai
UK and US Launch Land and Sea Strikes on Houthi Military Targets
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U.S. and British strikes against Houthi military targets in Yemen were a limited act of self defense and London does not immediately plan any further missions, its junior defense minister said on Friday.The two countries launched strikes from the air and sea against Houthi military targets in Yemen in response to the movement's attacks on ships in the Red Sea since the Israel-Hamas war in Gaza beganâŠ
Printed Circuit Board Fuel Cell Technology Tested on Narrowboat
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Bramble Energy has launched the worldâs first hydrogen-electric boat powered by a printed circuit board fuel cell (PCBFCâą).As the lead partner in the HyTime project working alongside custom engine builder Barrus, Bramble Energy has created a demonstration vessel that it says showcases the vast potential of its PCBFCâą technology to quickly and cost-effectively decarbonise the marine sector.A 57ft narrowboat was launched in Sheffield, UK, where it has successfully completed testing.
Karpowership Orders 48 Dual-Fuel Engines
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MAN Energy Solutions and Karpowership have signed a contract for the delivery of 48 dual-fuel engines for Karpowershipâs fleet of power plant ships (Powerships). The engine order consists of MAN 18V51/60DF dual-fuel engines with a mechanical output of 20.7MW each.The engines will be split between a number of Powerships. In addition to the engines, MAN Energy Solutions will also supply the control systemsâŠ
Suez Canal Revenues Down 40% Due to Houthi Attacks
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Dollar revenues from Egypt's Suez Canal are down 40% from the beginning of the year compared to 2023, canal authority head Osama Rabie said on Thursday, after attacks on ships by Yemen's Houthis caused major shippers to divert away from the route.Ship traffic was down 30% in the period between Jan. 1 and Jan. 11 compared to a year prior, Rabie said, speaking on a late night talk show.The number of vessels to pass through the Suez Canal dropped to 544 so far this yearâŠ
Iran Confirms Seizure of Oil Tanker Involved in US-Iran Dispute
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Iran seized a tanker with Iraqi crude destined for Turkey on Thursday in retaliation for the confiscation last year of the same vessel and its oil by the U.S., Iranian state media reported, a move likely to stoke regional tensions.The seizure of the Marshall Islands-flagged St Nikolas coincides with weeks of attacks by Yemen's Iran-backed Houthi militias targeting Red Sea shipping routes."After the theft of Iranian oil by the United States last yearâŠ
Flooded Engine Room Caused Fishing Vessel to Sink -NTSB
![The Captain Alex pictured just after the U.S. Coast Guard arrived on scene. (Photo: U.S. Coast Guard)](https://images.marinelink.com/images/maritime/w100h1500/the-captain-alex-pictured-just-146832.jpg)
Uncontrolled flooding through a hole in the plating beneath the engine room of a fishing vessel led to its sinking in the Gulf of Mexico, the National Transportation Safety Board (NTSB) said Thursday.The commercial fishing vessel Captain Alex was fishing offshore of Galveston, Texas on Nov. 25, 2022, when the vessel began flooding. The four crewmembers on board were unable to stem the flooding and evacuated to a responding U.S. Coast Guard boat.
Cyprus Chamber Sees Significant Impact from Houthis on Shipping
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Sustained attacks by Yemen's Houthis on vessels using Red Sea shipping lanes could have a "substantial" impact on economies and a knock-on effect on prices, a key Cypriot shipping industry group said on Thursday.Attacks by Houthis have disrupted a vital trade route, particularly of oil, as vessels access the Suez Canal via the Red Sea. Some shipping lines have been forced to divert vessels from the Red Sea to longer routesâŠ
Classic Boat Updated with Modern Hybrid Propulsion System
![(Photo: Transfluid)](https://images.marinelink.com/images/maritime/w100h1500/photo-transfluid-146826.jpg)
A classic 1930s-built boat with a storied history has been updated with a hybrid propulsion system from Transfluid.Originally built in 1937 in Tacoma, Wash., the Western Flyer is most well known as the boat chartered by John Steinbeck in his 1940 expedition to the Gulf of California chronicled in The Log from the Sea of Cortez. Called âthe most famous research vessel to ever have sailedâ, the Flyer is a 77ft wooden fishing vessel that has been restored in Port Townsend, Wash.