PPG Unveils New āUltra Low-Frictionā Vessels Coating
PPG has launched the PPG NEXEON 810 coating, described as an innovative copper-free antifouling coating developed with a strong emphasis on vessel performance, emissions reduction and sustainability.Independent tests, following ISO 19030 and International Towing Tank Conference standards, have confirmed that the ultrasmooth surface of PPG Nexeon 810 coating can yield an immediate boost in power of up to 10% and enhance operational efficiency by up to 15%ā¦
Seapath Launches Jones Act Leasing Business
Libra Group subsidiary Seapath has launched a Jones Act leasing business offering maritime leasing and financing solutions and a growing portfolio of vessels valued at approximately $25 million.The group said it sees significant unmet demand for the supply of Jones Act compliant transport assets.Joshua Lubarsky, president of Seapath, said, āDomestic maritime transportation is the backbone of the U.S. transportation system.
MAN Energy Solutions Delivers First Ever Ammonia-Ready SCR to Mitsui
MAN Energy Solutions has announced the production of a massive Cluster 5 Double Layer Selective Catalytic Reduction (SCR) converter to MITSUI E&S.The cluster comes ammonia-ready and is the largest such unit that the company has ever built.Such systems are typically used aboard cruise ships and cargo ships to reduce nitrogen oxide emissions by 90%.āAs the very first SCR for an ammonia engine anywhere in the world, this is a historic moment.
Taiwan and China Launch Rescue Operation After Boat Capsizes Near Sensitive Islands
Taiwan dispatched coast guard boats on Thursday to join a rescue mission at China's request after a fishing vessel capsized near the Taiwan-controlled Kinmen islands, amid heightened tension in the sensitive Taiwan Strait.China claims democratically-governed Taiwan as its own territory, over the island's strong objections, and has stepped up military activities near it in recent years, with almost daily incursions into air defence identification zones.Authorities on both sides sent the rescue bo
Wärtsilä Inks Lifecycle Agreement with P&O Ferries for Two Vessels
Technology group Wärtsilä has signed a Lifecycle Agreement with UK-based P&O Ferries for two of its vessels ā the M/V Pioneer and the M/V Liberté.The scope of the five-year agreement the Lifecycle Agreement with P&O Ferries includes parts and maintenance services, as well as maintenance planning, operational support and Wärtsiläās Expert Insight predictive maintenance service.The predictive service enables issues to be identified before they cause a delay in the schedule.
NYK and Astomos Energy Christen New Jointly-Owned Dual-Fuel LPG Carrier
As their first jointly owned liquefied petroleum gas (LPG) carrier in 21 years, NYK and Astomos Energy have named the new vessel Gas Garnet.The companies held a naming ceremony at the Sakaide Works of Kawasaki Heavy Industries on March 1, 2024.The 86,953 m3 capacity vessel was christened Gas Garnet by Yoshihito Takahashi, senior executive officer of Astomos Energy. This is the first jointly owned LPGā¦
Ships Above 12,000 TEU Drive 100% Increase in Average Ship Size
Since 2006, the average container ship has doubled in size to 4,580 TEU and ships with a capacity of more than 12,000 TEU has accounted for 51% of the fleetās capacity expansion. Today, just 626 ships provide 36% of the fleetās capacity, and the trend is set to continue as the large ships dominate the order book, says Niels Rasmussen, Chief Shipping Analyst at BIMCO.When the Emma Maersk was delivered in August 2006, the ship was by far the largest container ship in the world.
Equinor Extends Drilling Contracts
Equinor, on behalf of the partners, is exercising two options to extend contracts with Archer AS, KCA Deutag Drilling Norway AS and Odfjell Operations AS for a total of four years.The options for drilling services on fixed installations on the Norwegian continental shelf provide jobs for 2,000 people per year and have an estimated value of NOK 18.4 billion.The contracts were signed in 2018 with three option periods of two years. The first two-year option was exercised in 2022.
Danish Shipping Adopts Policy on Underwater Radiated Noise
Commercial shipping is one of the main contributors to underwater radiated noise, which has adverse effects on a wide range of marine life, including whales and fish. Therefore, Danish Shipping has recommended its members follow a new set of IMO guidelines aiming to reduce underwater radiated noise and preserve marine biodiversity.The IMO guidelines provide an overview of approaches applicable to designersā¦
New UTM Payload Available for Scout 137 Drone System
ScoutDI has added an ultrasonic thickness measurements (UTM) payload, complete with in-flight A-scan, to the capabilities of its end-to-end inspection data solution for the Scout 137 drone.The product is suitable for offshore applications where drones are becoming common for visual inspection and steel plate thickness sampling must be done regularly to monitor e.g. the effects of corrosion over time.Addingā¦
Zim Reports Fourth Quarter Loss
ZIM Integrated Shipping Services has announced consolidated results for the three and 12 months ended December 31, 2023, noting a net loss for the fourth quarter of $147 million (compared to a net profit of $417 million in the fourth quarter of 2022).The net loss for the full year, including a $2.06 billion non-cash impairment loss, was $2.69 billion (compared to a net profit of $4.63 billion for the full year of 2022).Adjusted EBITDA for the fourth quarter was $190 millionā¦
Second Russian Tanker, Hit by Sanctions, Docks in China
Russian tanker Krymsk, hit by sanctions, docked on Wednesday at the Chinese port of Dongying in eastern Shandong province, home of independent refiners, to discharge 700,000 barrels of Russian Sokol crude, LSEG and Kpler shipping data showed.This is the second Russian oil tanker, hit by sanctions, to dock at Chinese ports this month. Last week, tanker Liteyny Prospect discharged its 700,000-barrelā¦
Tokyo Gas, 13 Others to Jointly Develop Offshore Wind
Tokyo Gas and 13 other Japanese companies plan to set up a consortium "soon" to develop technology to mass produce floating offshore wind power facilities at a low cost, the Nikkei business daily reported on Wednesday.The other companies include Japan's biggest power generator JERA and regional utilities Kansai Electric Power, Tohoku Electric Power and Chubu Electric Power, the Nikkei said.Although Japanese companies have offshore wind assets in countries from Taiwan to Belgium and Britain, they
Trafigura, Mercuria Switch Bunkering to Mauritius Amid Attacks
With more ships heading around the Cape of Good Hope due to attacks in the Red Sea region and a shutdown in their main South African bunkering operations, Mercuria and Trafigura have started refuelling services in Mauritius, four sources said.The two trading houses have opened operations in Port Louis to compensate for the shutdown at South Africa's Algoa Bay which stems from a tax dispute with authoritiesā¦
US Meets with Panama on Iran Sanction-Evading Ships
The United States has asked Panama to ban Iranian vessels sanctioned by Washington from using its flag, U.S. State Department special envoy Abram Paley said on Wednesday.Paley said the request aims to prevent ships from being used for illegal actions such as supporting groups designated as Iranian terrorist organizations with oil sales.In January 2023, Panama's maritime authority said it had withdrawn its flag from 136 ships linked to Iran's state oil company in the last four years.
Keel Laid for Finnish Border Guardās New Patrol Vessel
The Finnish Border Guard has held a keel laying ceremony for its new patrol vessel at Baltic Operator's shipyard in Gdansk.On March 12, 2024, a keel laying ceremony was arranged at Baltic Operatorās shipyard in Gdansk. The ceremony took place in the presence of the representatives of the Finnish Border Guard, Meyer Turku, Baltic Operator and Bureau Veritas.The keel laying ceremony is an old tradition.
SCHOTTEL Names Roland Schwandt Deputy CEO
SCHOTTEL GmbH announced it has appointed Roland Schwandt as Deputy CEO with effect from January 1, 2024.Schwandt joined SCHOTTEL in 2000 as a graduate naval architect, starting his career as a project and sales manager in various SCHOTTEL sales segments. After briefly managing the Tug & Offshore Energy segment, in 2018 he was entrusted with the responsibility for the global sales activities of SCHOTTEL GmbH and its now 14 subsidiaries as Vice President Sales.Alongside his role at SCHOTTELā¦
MARAD Announces $500 Million in Funding for Port Infrastructure
As a part of President Bidenās Investing in America agenda, the U.S. Department of Transportationās Maritime Administration (MARAD) published a Notice of Funding Opportunity (NOFO) for $500 million in Federal Fiscal Year 2024 funding through MARADās Port Infrastructure Development Program (PIDP).Investments made under the PIDP focus on modernizing the Nationās coastal and inland waterway ports as well as strengthening its supply chains and economic security for generations to come.
RINA to Chart Decarbonization Path for Cruising Sector
Italian marine engineering consultancy RINA has secured a contract from the Cruise Lines International Association (CLIA) to carry out a comprehensive Global Investment Plan Study aimed at steering the cruise sector towards a sustainable future.The research will provide a worldwide scenario focused on the cruise sector, mapping real-time energy needs, infrastructure and regulations with foresight scenariosā¦
MOL Takes Delivery of LNG-Powered Cerulean ACE Car Carrier
Mitsui O.S.K. Lines (MOL) has taken delivery of the LNG-fueled car carrier Cerulean ACE, built by Japanese shipyard Shin Kurushima Dockyard.The LNG-powered car carrier Cerulean Ace features an aerodynamics design - beveled top of bow - that reduces wind resistance by 20%, according to MOL.The breadth of the vessels was widened from 32 to 38 meters. The capacity has also been increased from about 6ā¦
