Shell Halts All Red Sea Shipments
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
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
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%
“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
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
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
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
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
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
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
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
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
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…
AST Secures Intellian OneWeb Certification
Applied Satellite Technology Ltd (AST) has officially been awarded the Intellian OneWeb Certification, authorizing the company to carry out installations of Intellian parabolic antennas.The certification, issued by Intellian, a provider of satellite communication and antenna systems, makes AST authorized to install and maintain Intellian's parabolic antennas. In addition, AST will offer certified training for Intellian OneWeb solutions…
Another Ship Hit in the Red Sea
Disruptions to Red Sea shipping caused by Houthi attacks will push up prices of consumer goods, an executive from port and freight operator DP World said on Tuesday as a missile struck another vessel in the region.The Iran-allied Houthi militia has threatened to expand its attacks to include U.S. ships in response to American and British strikes on its sites in Yemen.Attacks by the Houthis on ships…
First Newbuilds Delivered to Baltnautic Holdings
Damen Shipyards Group announced it has delivered a pair of Damen Combi Freighter 3850 vessels to Baltnautic Holding B.V.The newbuilds, Indigo and Violet, were built at Damen Yichang Shipyard in Shanghai, China. A third Combi Freighter for Baltnautic Holding B.V. is currently under construction at the same yard and is set to be delivered in November this year.The vessels are the first new builds in the history of Baltnautic Holding B.V. and will be deployed for operations in Europe.
Sovcomflot Considering Alternative Shipping Routes in Case of Red Sea Escalation
Russia's leading tanker group Sovcomflot is considering alternative shipping routes in case of further escalation of the crisis in the Red Sea, the TASS news agency reported on Tuesday.The United States and Britain launched a series of strikes on Yemen last week aimed at the Iran-backed Houthi militia, whose attacks on international shipping have disrupted one of the world's most important trade routes since December.According to British maritime security firm Ambrey…
New Leadership at Mustang Survival and Wing Group
Kenny Ballard has been appointed Mustang Survival’s new President, taking over responsibilities from Juanita Killen, who stepped into the role of Interim President in 2023. Additionally, Lance Richardson takes on the newly created role of VP, Manufacturing and Innovation for the Wing Group, Mustang Survival’s parent company.Ballard brings a wealth of experience from previous executive roles with renowned brands…
"Port of the Future" Announces Comms Awards
The Borders, Trade, and Immigration Institute, a Department of Homeland Security Center of Excellence, led by the University of Houston, announced the creation of the annual Port of the Future Award for “Excellence in Port Communications and Community Relations.” Each year, this award will be presented at the annual Port of the Future Conference, held the first week of April, in Houston, Texas. Finalists…
Accelleron Helps KMTC Save Over $500M with Digital Optimization Tool
Korea Marine Transport Company Ship Management (KMTC SM) has reported annual fuel savings worth approximately $540,000 in total, after installing Accelleron’s digital engine optimization solution Tekomar XPERT on 12 Panamax vessels.Tekomar XPERT delivers engine optimization recommendations based on thermodynamic insights that aim to bring engines back to operating performance achieved at ‘new’ condition.The solution can be applied to any engine and turbocharger make.