Arctic in Focus at MRS '24
At the Maritime Risk Symposium 2024, scheduled for June 11-13 at Naval Postgraduate School, Monterey, CA, RADM Matt Bell, USCG (Ret.) facilitates a panel entitled: Multi-Service and Maritime Industry Collaboration in the Arctic, to better understand how the changing dynamics in the Arctic region will necessitate increased collaboration between the maritime services and industry to mitigate the risks of Arctic maritime operations.
Simulator Project Aims to Improve Fishery Safety
Kongsberg Digital concluded a new project funded by FHF (the Norwegian Seafood Research Fund) for the development of its K-Sim Fishery simulator to incorporate a new purse seine application. The new simulator capabilities were demonstrated to the stakeholders at an event hosted by Nordland Vocational School (Lofoten Maritime) in Leknes, Norway on April 30th.Launched in 2018, K-Sim Fishery is a fishery simulator that introduces a whole new level of detail…
Hensoldt UK wins deal for Royal Fleet Auxiliary Ships
Sensor solutions provider Hensoldt UK has been selected by Navantia UK to provide key systems to the UK Royal Fleet Auxiliary’s (RFA) three new Fleet Solid Support (FSS) ships. The new vessels will incorporate Quadome Naval 3D Air and Surface Surveillance Radar, Air Traffic Management (ATM) systems and Kelvin Hughes Integrated Navigation Bridge Systems (INBS).Hensoldt will supply its new-generation Quadome 3D Air and Surface Surveillance radar…
Bergen Engines to Power World’s Largest Hydrogen Ferries
Norwegian power solutions supplier Bergen Engines has been selected to provide four generating sets to support the world’s largest hydrogen ferries, operating on Norway’s longest ferry connection from Bodø to Lofoten.The C25:33L8A generating sets will be fueled by low carbon Hydrotreated Vegetable Oil (HVO) and will serve as support power to the hydrogen fuel cells onboard, which act as the vessel’s main propulsion power.Scheduled for delivery in 2026…
Tristar Eships Picks Wärtsilä for Carbon Footprint Management
Tristar Eships, the maritime logistics division of the Dubai-based Tristar Group, has selected technology group Wärtsilä’s Decarbonization Services to support its decarbonizing operations.Wärtsilä’s Decarbonization Services will initially be applied to two tankers in the company’s fleet and is tailored to create a significant reduction in their carbon emissions.The analysis to be undertaken for the first two Tristar Eships vessels…
Trafigura Orders Four Dual-Fuel Ammonia-Powered Vessels
Commodities trader Trafigura has placed an order to HD Hyundai Mipo Dockyard for the construction of four Medium Gas Carriers (MGC) that will be capable of using low-carbon ammonia as a propulsion fuel.The vessels will carry LPG or ammonia will be built at HD Hyundai Mipo Dockyard in Ulsan, South Korea.The first ship will be delivered in 2027. Each vessel, when delivered, will be equipped with a dual-fuel low-carbon ammonia engine…
Fifth Victim Recovered from Key Bridge Collapse Site
The Unified Command recovered the body of another missing victim at the Key Bridge incident site on May 1, 2024.The victim is identified as Miguel Angel Luna Gonzalez, 49, of Glen Burnie, Maryland.Unified Command salvage teams located one of the missing construction vehicles and promptly notified the Maryland Department of State Police. Police investigators along with officers from the Maryland Transportation…
Coastal Virginia Offshore Wind Project Has Not Been Delayed
Dominion Energy has announced that any reports that the Coastal Virginia Offshore Wind (CVOW) project has been delayed are false and grossly misrepresent the facts.“On April 29, anti-wind groups filed a petition in the United States District Court for the District of Columbia seeking to delay CVOW construction using the same meritless arguments as have already been rejected before by the courts, including last week by the U.S.
Crowley Reaches Labor Deal for Isla Grande Terminal in Puerto Rico
Crowley and Teamsters Union Local 901 have reached a new labor agreement to extend their longtime partnership into its sixth decade serving the shipping and logistics needs of Puerto Rico.The agreement, recently ratified by union members, covers the 200 employees who work at Crowley’s Isla Grande Terminal in San Juan until 2029. Employees there serve as port equipment operators, truck drivers and support…
Hearing Scheduled to Examine US Coast Guard Shipbuilding Delays
The U.S. House Homeland Security Subcommittee on Transportation and Maritime Security will hold a hearing to discuss delays in the U.S. Coast Guard’s (USCG) shipbuilding and acquisitions programs.The hearing, announced by the subcommittee's chairman, Rep. Carlos Gimenez (R-Fla.) on Wednesday, will take place on May 7. It will examine the USCG's shipbuilding and acquisitions process, the state of efforts…
Norwegian's Q1 Revenue Miss Overshadows Raised Outlook
Shares of Norwegian Cruise Line Holdings fell more than 12% after the operator's downbeat first-quarter revenue overshadowed a raise in annual profit forecast on Wednesday.Expectations for cruise operators have generally become high after strong booking trends and demand drove up their results and shares last year.Shares of Norwegian and its rival Carnival have seen their growth temper from those highs…
Cruise Operator Viking Makes Strong NYSE Debut
Shares of Viking Holdings rose 9% in their debut on the New York Stock Exchange on Wednesday, giving the travel and cruising company a valuation of $11 billion.Viking opened at $26.15 compared with its initial public offering (IPO) price of $24 in a stellar debut, amid a rebound in stock market listings and at a time when cruise stocks have delivered outsized returns.Founded in 1997, Viking provides destination-focused itineraries including a shore excursion at every port and an onboard and onsh
US Issues Hundreds of Sanctions Targeting Russia, Takes Aim at Chinese Companies
The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.The U.S. Treasury Department imposed sanctions on nearly 200 targets and the State Department designated more than 80 in one of the most wide-ranging actions against Chinese companies so far in Washington's sanctions aimed at Russia.The U.S.
Improved Rates for Larger Vessels Lifts Baltic Dry Index
The Baltic Exchange's dry bulk sea freight index edged up on Wednesday, buoyed by an uptick in capesize and panamax vessel rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, ticked up to 1,683.The capesize index gained 16 points, or 0.8% to 2,116.
Shaping a Safer and Sustainable Future for Shipping
Sunil Krishnakumar, Senior Technical Manager at the International Chamber of Shipping, provides his key insights on the newly released Engine Room Procedures Guide, Second Edition, by ICS.The shipping industry has embarked on a transformative journey, actively working towards a sustainable future and a safer environment. With a strong commitment to reducing greenhouse gas emissions, the industry is…
Scandlines Announces Executive Management Changes
Ferry operator Scandlines announced changes to its executive management team, hiring Eric Gregoire and Mikael Koch Jensen to join the company as CEO and CFO respectively.Gregoire will start in July 2024 and comes from a position as CEO of Goodpack Pte Ltd. in Singapore. He has previously held positions at several international companies such as General Electric and DuPont.“Scandlines is strongly positioned…
US Navy Expands Shipyard Talent Pipeline in Southern California
The U.S. Navy's Submarine Industrial Base (SIB) program launched the Southern California Talent Pipeline Program in Newport Beach, Calif., April 26. The program will engage hundreds of shipbuilding and ship sustainment suppliers across the region to create maritime-focused manufacturing pipelines that revitalize the defense workforce by addressing critical skill gaps."The strength of the talent pipeline is as vital as any capability of a submarine…
Panama Canal Snarls Blamed on El Nino, Water Management Issues
The El Nino climate phenomenon, not climate change, drove lower rainfall last year that reduced the Panama Canal's water levels and contributed to shipping restrictions that disrupted global trade, a study released on Wednesday found.Prioritizing water for human consumption rather than for the canal also played a role in shipping restrictions, according to the study by research consortium World Weather Attribution.Panama experienced its third-driest year on record in 2023…
US LNG Exports Fall for Fourth Straight Month
U.S. exports of liquefied natural gas (LNG) fell for a fourth consecutive month to 6.19 million metric tons in April from 7.61 million in March on production outages, preliminary data from financial firm LSEG showed on Wednesday.Recurring mechanical problems have hit Freeport LNG, the second largest U.S. plant by capacity. Last month, the Quintana, Texas, terminal exported five cargoes for a total of 330…
New Union Deal Aims to Boost US Navy Shipbuilding Workforce
A new union deal aims to help bolster the workforce of the U.S. Navy shipbuilding and repair industrial base, which has struggled alongside many other sectors to attract and retain the volume of employees needed to achieve efficient operations.The International Brotherhood of Boilermakers (IBB) and the Bartlett Maritime Corporation (BMC) have signed an agreement as part of ongoing efforts to mobilize…
