Singapore Boosts Undersea Might with Two New Submarines
Singapore commissioned two new advanced submarines on Tuesday, vessels its navy says are meant to protect sea lines of communication, and which experts said would range beyond the waters of the tiny city-state to keep tabs on the region.The country's fifth and sixth submarines, the Invincible and the Impeccable, were ordered from Germany's ThyssenKrupp Marine Systems in 2013 in a 1-billion-euro deal…
LNG Cruise Vessel Star Princess Launched at Monfalcone Shipyard
Star Princess, the second liquefied natural gas (LNG) cruise ship that Fincantieri is building for Princess Cruises, was launched at the Monfalcone shipyard in Italy.A long list of dignitaries were on hand for the festivities, inlcuding John Padgett, President of Princess CruisesCristiano Bazzara, Director of the Fincantieri shipyard in MonfalconeGodmothers of the ceremony: Chiara del Vecchio, 3rd Engineer aboard the “Sun Princess”…
Baltic Index Hovers Near Three-month High
The Baltic Exchange's main sea freight index rose to its highest in close to three months on Thursday, propelled by higher rates in the capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 75 points to 2,091 points, hitting its highest since July 2.The capesize index jumped 265 points to 3,580 points, its highest since early July.Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such a
Britain's New Shipping Sanctions Take Aim at Russian LNG Sector
Britain on Thursday sanctioned five vessels and two associated entities involved in the shipping of Russian LNG, with the government saying it was using new legal powers for the first time to target LNG vessels directly."Earlier this year, the UK sanctioned Arctic LNG 2, alongside our allies in the US and EU. Since then, the project has been forced to slash production," the government statement said."Today’s…
Damen Books Canadian Order for Two Fully Electric Ferries
Damen has signed a contract with the City of Toronto in Canada for the delivery of two fully electric ferries.The electric vessels will operate between the Jack Layton Ferry Terminal in downtown Toronto and the Toronto Islands, a major tourist destination, located in a high traffic area close to the shores of Lake Ontario.Damen is building the Toronto ferries at its Galati yard in Romania, to a design produced by Quebec-based Concept Naval.
Navigating a Safe Future for Us and Our Marine Environment
Navigating our oceans safely is always at the center of our maritime operations, whether it’s while deploying instrumented moorings, weighing up to tens of tons and measuring multiple kilometers in length, or working in remote, ice-packed regions.World Maritime Day 2024 (September 26) – 50 years since the SOLAS convention was adopted – is reflecting on how we continue to navigate a safe maritime future.
BMT, Strategic Marine Introduce New StratCat35 CTV
Working in partnership with Strategic Marine, BMT has introduced its latest addition to the offshore wind industry - the StratCat35 Crew Transfer Vessel (CTV).The vessel, which made its debut at WindEnergy Hamburg, is designed to meet a wider range of operator requirements while placing sustainability at the forefront of the offshore wind sector.As part of Strategic Marine’s range of CTV vessels, the 35-meter long StratCat35 offers an expansive deck area…
Wallenius Lines Acquires Pair of Vessels
Wallenius Lines has acquired the sister ships M/V Thuleland and M/V Tundraland from Baltic Container Shipping Ltd. The acquisitions are a continued part of the company's strategy to grow through new construction of vessels and acquisition of existing vessels.The vessels are already operated today in WALLENIUS SOL, which is owned by Wallenius Lines and Svenska Orient Linjen, with the aim of strengthening a sustainable infrastructure in the Gulf of Bothnia and the Baltic Sea.
US Issues Sanctions After Iranian Oil Shipment
The U.S. Department of Treasury on Wednesday sanctioned more than a dozen entities and vessels over their involvement in the shipment of Iranian crude oil and liquid petroleum gas to Syria and East Asia on behalf of the Iran's Revolutionary Guards and Hezbollah.Four ships associated with the fleet of Syrian shipping magnate Abdul Jalil Mallah, who was sanctioned by the U.S. in 2021, and his brother…
Japanese First as Destroyer Sails Taiwan Strait
Japan's Self Defense Force patrolled the Taiwan Strait on Wednesday for the first time in an attempt to send a message to China, the Yomiuri newspaper, reported citing multiple government sources.SDF destroyer Sazanami entered the waters from the East China Sea on Wednesday morning, spending more than 10 hours sailing southward to complete the passage, the Japanese newspaper reported on Thursday.The passage was conducted in concert with naval ships from Australia and New Zealand…
2024 World Maritime Day: Fifty Years of SOLAS
The IMO is celebrating World Maritime Day on 26 September by highlighting the importance of safety at sea in an era of significant transformations and new risks and 50 years since the adoption of the International Convention for the Safety of Life at Sea (SOLAS).SOLAS was first adopted in 1914, in response to the Titanic disaster. It is widely recognized as the most important international treaty on maritime safety. The Convention in force today was adopted on November 1, 1974.
Steamship Authority GM Robert Davis to Step Down
Woods Hole, Martha’s Vineyard and Nantucket Steamship Authority general manager Robert B. Davis announced he will step down from his role at the helm of the agency in approximately one year and transition into an advisory capacity.Davis, who was appointed general manager in 2016 and began in the role in 2017, made the announcement at the Board’s monthly meeting, which was held on Nantucket.The Authority…
November Elections an Inflection Point for US Offshore Wind
We are fast approaching a potential inflection point for the U.S. offshore wind industry, the November 2024 elections.On the positive side of the scale, federal and state leases supporting approximately 63 gigawatts (GW) of offshore wind capacity have been awarded to developers on the East Coast, Pacific Coast and Gulf of Mexico. Further, this year the government plans to auction floating wind sites…
New LNG Carrier Delivered to Maran Gas
Late last week, Maran Gas Maritime took delivery of the newly built liquefied natural gas (LNG) carrier Maran Gas Antibes from South Korean shipbuilder Samsung Heavy Industries (SHI). The vessel will operate on long-term charter to TotalEnergiesHanded over on September 20, the newbuild is part of the Angelicoussis Group’s larger order with SHI that includes four LNG dual-fuel very large cruse carriers (VLCC) and three LNG carriers.According to the Angelicoussis Group…
SU Navigation Joins the SNAPS Pool
Stolt Tankers announced the expansion of its Stolt NYK Asia Pacific Services (SNAPS) pool with the addition of a vessel from SU Navigation, in partnership with NYK Line and ENEOS Ocean.Maren Schroeder, President, Stolt Tankers, said “By adding tonnage from SU Navigation, a top-tier platform, Stolt Tankers reinforces its commitment to delivering superior value in a competitive market.“Combining the…
Drug Gang Used Commercial Ships & Chinese Money Brokers, Italian Police Says
Italy police said on Wednesday they had arrested 61 people across four countries and seized 60 million euros ($67.1 million) following an investigation into international drugs trafficking and money laundering.The case had revealed criminal drugs ties between Albania and Latin America, and once again showed how criminals in Europe are using shadow networks of illicit Chinese money brokers, police said.Finance police in the northern city of Brescia said 400 officers had carried out the arrests an
Bill Sanson Joins LeeWay Marine as President
LeeWay Marine, a Dartmouth, Nova Scotia based owner and operator or survey and research vessels, announced Bill Sanson will be joining the team as President, taking on the day-to-day oversight of LeeWay operations.Sanson comes to LeeWay from the Royal Canadian Navy and brings a wealth of knowledge and expertise in the maritime domain. “With his extensive marine background, deep operational experience and fresh perspective…
Hildyard to Lead Operations for Raymarine and FLIR Maritime
Marine electronics company Raymarine announced Michelle Hildyard as the Vice President of Operations, responsible for managing supply chain, engineering, product management and operational functionsHildyard brings to the position 19 years of experience in the marine industry, all within Raymarine and FLIR. Her previous roles within the company include Supply Chain Manager, Commercial Director, Vice President of Customer Service…
Trafigura Names Richard Holtum CEO
Richard Holtum will take over as chief executive of global trading house Trafigura from Jan. 1 next year, the company said on Tuesday.Holtum will take over the helm at a time when trading firms are set to see reduced profits following windfall years after the COVID-19 pandemic, while sharp equity growth in recent years will also mean hefty expenses in paying out departing shareholders.Holtum becomes the group's third ever CEO after around 10 years at the company.
Betting on Dry Bulk: Newbuild Market Stands Strong in Q3
In its Q3 Dry Bulk report, Maritime Strategies International (MSI) estimates dry bulk newbuilding orders in the first eight months of the year above 25m dwt, with the potential for further upside on the back of late-reported deals. Despite a slight August lull, second-hand bulker values remain firm.MSI expects more than 30m dwt of dry bulk capacity to be delivered in 2024, with the orderbook forecast to rise still further by the end of the year…