Spliethoff Acquires Majority Stake in ForestWave
Spliethoff Group announced it has acquired a majority interest in ForestWave, making the fellow Dutch shipping company its seventh business unit effective September 30. With this expansion, Spliethoff Group's fleet of commercially operated vessels grows to more than 140.On behalf of the Executive Board of Spliethoff Group, CFO Ingmar Bras and CCO Michael van den Heuvel emphasized the importance of this step: "After so many years of constructive and pleasant cooperation with ForestWaveā¦
ABS Grants Approval for Wison's New FLNG Design
A new design for a 268-meter floating liquefied natural gas (FLNG) facility from Wison New Energies received approval in principle (AIP) from classification society ABS.The unit is designed to perform offshore and at-shore with an expected production capacity of 1.2 million tonnes per annum (mtpa). ABS completed design reviews based on class and statutory requirements.āABS offers world-class engineeringā¦
Russia's Seaborne Oil Product Exports Dip
Russia's seaborne oil product exports in August fell to 9.074 million metric tons, down 2.3% month on month, data from industry sources and Reuters calculations showed.Russia's offline primary oil refining capacity for August at 2.95 million tons was up from July's level by some 3%, according to Reuters calculations based on data from industry sources.Total oil product exports via the Baltic ports of Primorsk, Vysotsk, St.
Brokers Launch Port Disruption Insurance Amid Shipping Chaos
Broker Marsh and Lloyd's underwriter Tokio Marine Kiln (TMK) have set up business interruption insurance for ports to provide cover against growing trade disruption risks such as threats to shipping in the Red Sea, executives involved said.Ports across the globe are dealing with multiple issues that are disrupting flows of goods, including attacks by Yemen's Houthis on commercial shipping as well asā¦
Antigua-flagged Vessel Damaged in Russian Attack
A Russian missile strike has damaged infrastructure and an Antigua-flagged civilian vessel in the Ukrainian port of Odesa, the regional governor said on Friday.Four people were wounded in the airstrike, Governor Oleh Kiper said on the Telegram messaging app."Debris from, according to preliminary assessment, an Iskander-M missile, damaged port and civilian infrastructure, as well as a civilian ship flying the flag of Antigua," Kiper said.The Iskander-M is a ballistic missile which flies at severa
Bardex, Von Schmidt Maritime Team on U.S. Drydocks
Bardex, which provides solutions for marine-based heavy lifting, transfer, and restraint has teamed up with Von Schmidt Maritime to provide the U.S. with dry dock Solutions. Von Schmidt, located in Baltimore, MD, are Maritime Consultants and Naval Architects providing shipyard professional services.
Damen Starts Building Support Vessels to Fill Rising Demand in Gulf Region
Damen Shipyards has started construction of three shallow draft multi-purpose support vessels at its shipyard in the United Arab Emirates, in anticipation of an increase in offshore and dredging activity in Arabian Gulf region.The initial program will be comprised of a 27-metre Multi Cat 2712 for delivery in November 2025, a 33-metre Multi Cat 3313 SD (shallow draft) for delivery in December 2025,ā¦
Cadmatic Names Detlef Schneider CEO
Cadmatic, a developer of digital 3D-based design, engineering and information management software solutions, announced it has appointed Dr. Detlef Schneider as its new CEO effective from October 7. 2024. Schneider will succeed Jukka Rantala, who has led Cadmatic for 23 years.Schneider brings years of experience in various roles within the engineering software business, having held leadership positionsā¦
MOL Invests in US e-Methanol Producer
Mitsui O.S.K. Lines (MOL), through its wholly-owned subsidiary MOL Clean Energy US, has invested in HIF Global, a company developing and operating synthetic fuels (e-fuels) projects, including e-methanol which can be used as an alternative marine fuel for decarbonization of shipping industry.HIF has a production target of about 4 million tons per year of synthetic fuel (e-fuel) and synthetic methanolā¦
GTT Lands Tank Design Order for Six Ultra Large Ethane Carriers
French engineering company GTT has received an order from its partner Jiangnan Shipyard (Group) for the tank design of six Ultra Large Ethane Carriers (ULEC), on behalf of ship-owner Eastern Pacific Shipping.GTT will design the tanks of these unique ULEC, which will each offer a capacity of 150,000 m3, the largest ever to be built for ethane transport.The tanks will be fitted with the Mark III membrane containment system developed by GTT.
Floating Wind Industry Achieves āWorldās Firstā Offshore Generator Exchange
A group of industry specialist companies has achieved a world first for the wind industry, with a major component exchange (MCE) being performed on an offshore floating wind turbine while it remained on site at the Scottish Kincardine offshore wind farm, located south east of Aberdeen.The new, more cost-effective, process was delivered through a collaboration of technologies and expertise from LiftOffā¦
Crewmember Goes Missing From Canadian Coast Guard Vessel
The Canadian Coast Guard has called off a search for a crewmember believed to have gone overboard from one of its icebreaker vessels off Newfoundland's northeast coast. The CCGS Vincent Massey crewmember, who was reportedly last seen aboard the ship on Sunday evening, was reported missing at 8:15 a.m. on Monday when the vessel arrived in St. John's.An "extensive" search involving Canadian Coast Guard vessels, aircraft and vessels from other federal sources was launched but proved unsuccessful.
AI, 5G, Digital Twins Deployed at Smart Shipyard
ST Engineering has officially opened its new shipyard located at 55 Gul Road in Singapore.The Gul Yard was acquired in February 2023 for S$95 million ($74 million) and will replace ST Engineeringās Tuas Yard, whose lease expires at the end of 2024.Twice the size of its existing Tuas Yard, the Gul Yard is designed to handle larger, more complex projects and will enable ST Engineering to explore new market segmentsā¦
OSRL Developed Emergency Response Plan for Pilbara Ammonia Transfer
Oil Spill Response Limited (OSRL) developed the emergency response plan for the recent ammonia ship-to-ship transfer pilot conducted at the Port of Dampier in the Pilbara region of Western Australia.The operation was a a tripartite collaboration between the Global Centre for Maritime Decarbonisation (GCMD), Pilbara Ports and Yara Clean Ammonia (YCA).Two transfers took place between the Green Pioneer, owned by Mitsui O.S.K.
OSHA Fines Marine Services Firm for Multiple Violations Related to Vessel Fire
A marine services company was cited for 15 serious violations and fined $164,000 for exposing workers to fire and asphyxiation hazards while making repairs to a Canadian-registered bulk carrier moored at the Port of Ashtabula, the Occupational Safety and Health Administration (OSHA) said.The 81-year-old vessel Cuyahoga was in winter lay-up when a fire broke out on March 15, 2024 while maintenance and repair work was being performed.
Strong Current Pulled Bulk Carrier From Its Moorings -NTSB
A strong current caused a bulk carrier to break free from its moorings at the Convent Marine Terminal dock in Convent, La., on March 27, 2023, the National Transportation Safety Board said Thursday.The Panamanian registered Sirocco was loading a cargo of coal when it broke free and drifted a half mile down the Mississippi River, colliding with a barge moored at the Mosaic Uncle Sam dock. No injuries or pollution were reported.
Pertamina's Shipping Unit to Double Tanker Fleet in Next 10 Years
The shipping unit of Indonesia's state energy firm Pertamina plans to double its fleet of 320 tankers in the next 10 years, the unit's CEO Yoki Firnandi told the Gastech conference in Houston on Thursday.The expansion, aimed at reducing the average age of the company's fleet, is set to include investment in vessels to transport liquefied natural gas (LNG).Indonesia is a major producer and exporter of LNG.
Red Sea Insurance Costs Skyrocket Amid Rising Houthi Shipping Threats
The cost of insuring a ship through the Red Sea has more than doubled since the start of September and some underwriters are pausing cover as the risk of attack from Yemen's Houthis on commercial vessels increases, industry sources said.The Iran-backed Houthis first launched aerial drone and missile strikes on the waterway in November. They say they are acting in solidarity with Palestinians under assault in Israel's war on Gaza.
Gulf LNG Tugs Orders Four New Vessels to Serve Port Arthur LNG Export Facility
Gulf LNG Tugs of Port Arthur on Thursday announced it has placed orders for four new escort tugs to serve the Port Arthur LNG export facility in Texas. Two will be constructed by Master Boat Builders in Coden, Ala., and two by Sterling Shipyard in Port Neches, Texas. Gulf LNG Tugsāa joint venture comprised of Bay-Houston Towing, Moran Towing Corporation and Suderman & Young Towing Companyāsaid the new high horsepowerā¦
Fairbanks Morse Defense to Acquire Rolls-Royce Naval Propulsors & Handling Business
Fairbanks Morse Defense (FMD) on Thursday announced it has struck a deal with Rolls-Royce to acquire its naval propulsors and handling business. The acquisition will include a range of propellers and waterjets for naval applications, as well as marine handling systems, which enable the deployment and recovery of manned and unmanned craft, and other cargo, from naval vessels.āWhen you look at the 150-year history of Fairbanks Morse Defenseā¦
