Ørsted Signs Long-Term Lease for Cadeler’s Newbuild A-Class Vessel
Ørsted and Cadeler have signed a firm long-term lease agreement for a newbuilt wind farm installation vessel, designed to transport up to six XXL monopile foundations and five turbines of over 20 MW per round trip.With the agreement, Ørsted has secured installation vessel capacity from the start of 2027 to end of 2030 for upcoming construction projects.The agreement involves booking a new-built A-Class vessel from Cadeler.
KPI OceanConnect Concludes First Simultaneous LNG Bunkering Op
Marine fuel services and solutions provider KPI OceanConnect has completed its first simultaneous operation of LNG bunkering in Singapore.KPI OceanConnect conducted the operation for MSC Mediterranean Shipping Company’s Monica Cristina vessel in Singapore, using membrane LNG bunker vessel Brassavola on charter with Pavilion Energy.The operation took place at Tuas Container Terminal, along with loading and unloading procedures, improving efficiency.“KPI OceanConnect is proud to work with industry
Norwind Offshore Orders Seaonics' Fully-Electric Crane CSOV Newbuild
Norwegian offshore-wind focused vessel owner Norwind Offshore has placed an order for a stand-alone fully electric crane from Seaonics for its newbuild vessel Norwind Helm.The order is for an ECMC 7t-3D crane, and follows the delivery of Seaonics' first electric gangway system to Norwind Hurricane commissioning service operation vessel (CSOV) in March 2024.The crane is to be installed in connection…
At Least 94 Dead in Mozambique After Unlicensed Ferry Boat Capsizes
At least 94 people died, including children, and 26 are missing after a ferry boat capsized off the northern coast of Mozambique, an official from the country's Maritime Transport Institute (INTRASMAR) said.The vessel was an overloaded fishing boat and was not licensed to transport people, Lourenco Machado, an administrator of INSTRASMAR, said on state television on Monday."On Sunday we registered a maritime incident where at least 94 people died when a barge carrying 130 people capsized.
SunStone’s Ocean Victory Takes on New Summer Charter
SunStone Maritime Group has announced the long-term summer charter of the Infinity vessel, Ocean Victory, with a new client.From April 2025, the Ocean Victory will be trading in the Mediterranean Sea during northern hemisphere summer seasons for Spanish luxury cruise operator, Alma Cruceros.Alma Cruceros is a Spanish operator planning itineraries covering Spanish destinations in the Mediterranean, as well as Northern and Western Africa and the Canary Islands.
X-Press Feeders Signs Green Corridor MoU with Six European Ports
X-Press Feeders has signed of a memorandum of understanding (MOU) with six European ports: Port of Antwerp Bruges (Belgium), Port of Tallinn (Estonia), Port of Helsinki (Finland), Port of HaminaKotka (Finland), Freeport of Riga (Latvia) and Klaipeda Port (Lithuania).The agreement signifies a joint commitment to accelerate the establishment of green shipping corridors and the broader decarbonization…
A Few Surprise Sales This Week in Ship Recycling
Ship recycling has again been quiet across the ship recycling globe, reports cash buyer GMS.“Moreover, as an increasing number of vessels past beached have been nearly recycled, and barely any meaningful arrivals have been reported at the respective waterfronts (zero in India this week), frustrated industry players are just … going with the depressive flow,” states GMS.“With that being said and reportedly this week…
ITIC Highlights Importance of Vessel Design Reviews Following $5 Million Claim
The International Transport Intermediaries Club (ITIC) has highlighted the importance of robust vessel design reviews and related insurance coverage throughout the construction process following a recent dispute between a naval architect, a shipowner and a shipyard regarding a vessel’s operational performance post-delivery.The vessel, a 24-metre catamaran servicing the offshore oil and gas industry, faced considerable operational limitations.
IMO Facilitation Committee to Discuss Autonomous Shipping
The IMO Facilitation Committee will meet in person at IMO Headquarters in London for its 48th session (FAL 48) from April 8 to 12 to discuss issues related to autonomous shipping; prevention of illegal wildlife trafficking on ships; digitalization initiatives and the implementation of the Maritime Single Window and Port Community Systems.The Facilitation Committee (FAL) will continue discussions around…
Esgian Week 14 Report: Major Jackup Contract Suspensions
Esgian reports various drilling contractors disclosing details of discussions with Saudi Aramco regarding jackup contract suspensions in its Week 14 Rig Analytics Market Roundup. These contractors include Shelf Drilling, ADES, Borr Drilling, Arabian Drilling, COSL, and ARO Drilling.Meanwhile, Transocean, Noble, and COSL rigs have firmed up new work in the US Gulf of Mexico, Suriname, and the North Sea…
DNV Issues General Approval for Hybrid Support Structure
DNV has presented HD Hyundai with a general approval for ship application (GASA) for a new high-strength composite hybrid support system for independent tanks on liquefied gas carriers.In a world-first, HD Hyundai’s concept is fabricated with a fusion of carbon fiber-reinforced plastics (CFRP) with a tensile strength 10 times greater than steel, significantly enhancing structural stability.The new system offers robust structural supports…
DNV: Five Alternative Fueled Vessels Ordered in March
According to the latest figures from DNV’s AFI platform, five new orders for alternative fueled vessels were confirmed in March 2024: two methanol, two ammonia and one LNG.Although this was a quiet month for the ordering of alternative fueled vessels, the overall trend remains strong, says DNV. For the first three months of 2024, 68 orders for alternative fueled vessels were made, compared to 44 in the first three months of 2023…
Royal Navy Ship to Help Boost Aid for Gaza
A British Royal Navy ship will supply aid to Gaza as part of an international effort to help set up a new humanitarian maritime corridor in early May, the foreign office and ministry of defence said on Saturday.The multinational effort, involving the United States, Cyprus and other partners, will develop a new temporary pier off the coast of Gaza, British foreign minister David Cameron said."The situation in Gaza is dire and the prospect of famine is real.
Nine Injured in Pemex Platform Fire
Mexico's state energy company Pemex said on Saturday that a fire broke out at one of its platforms in the Gulf of Mexico, adding that it had activated emergency protocols and contained it but that nine workers were injured in the accident.Pemex said in a statement that two of the workers were its own employees and seven were from other companies, adding that none were severely injured.The fire broke…
First Containers Removed from Dali
The Unified Command began to remove containers onboard M/V Dali at the Key Bridge incident site, Sunday. Salvors removed containers from the Dali as part of the effort to gain access to the portion of the Key Bridge that lies atop the ship. The transfer of containers from the Dali will continue in the coming days, as weather permits.The removal of the containers is a critical step required to safely move the Dali and eventually fully re-open the Fort McHenry Channel.
Houthis Say They Targeted Western Ships
Houthi forces in Yemen said on Sunday they had launched rockets and drones at British, U.S. and Israeli ships, the latest in a campaign of attacks on shipping in support of Palestinians in the Gaza war.The Iran-aligned group said it had targeted a British ship and a number of U.S. frigates in the Red Sea, while in the Arabian Sea and Indian Ocean it had attacked two Israeli vessels heading to Israeli ports.The operations took place during the last 72 hours…
Divers Recover Body in Baltimore
Unified Command dive teams have recovered the body of a missing person at the Key Bridge incident site in Baltimore.The recovered individual was identified as 38-year-old Maynor Yasir Suazo-Sandoval.Unified Command salvage dive teams located what they believed to be the missing construction worker and notified the Maryland Department of State Police. Maryland State Police Underwater Recovery Team deployed…
All FMC Statutes & Regulations in Full Effect Following Baltimore Bridge Collapse
The U.S. Federal Maritime Commission (FMC) on Friday issued a notice reminding regulated entities that all statutes administered by the agency remain in effect while disruption to regular service at the Port of Baltimore is causing many shippers to adjust supply chain operations.Common carriers and marine terminal operators (MTOs) must continue to comply with all statutory and regulatory requirements governing their operations, the FMC said.Demurrage and detention fees must be reasonable.
OpEd: Why the Wall Street Journal Got It Wrong and 74% of Their Poll Respondents Got It Right
A recent article in The Wall Street Journal claims that the assessment by 74% of poll respondents in election swing states who believe inflation moved in the wrong direction last year is incorrect. The piece went on to state that the respondents’ perceptions were “contradicted by hard economic data”.Like many of us, I just love “hard data”, especially when it’s “economic”.One great aspect of “hard data” is that we must assume it’s correct; otherwise, how could it be “hard”?
Baltic Dry Index Falls for Third Week
The Baltic Exchange's dry bulk sea freight index fell on Friday to log its third straight weekly decline, weighed down by a dip in rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 41 points or 2.5% to 1,628 points, its lowest level in seven weeks.The index was down over 10% for the week.The capesize index was down by 80 points, or 3.4%, at 2,274.
