ST Engineering Hires Kongsberg to Equip New W2W Vessel
Kongsberg Maritime has secured a contract for the design and integrated equipment package for a new walk-to-work offshore service vessel (OSV), to be built by ST Engineering Marine in Singapore for an oil and gas company.The 97-metre vessel of Kongsberg Maritime UT 5520 design will accommodate 106 people and features a motion-compensated gangway to enable safe transfer of personnel between to and from offshore installations.The new design is a further development of Kongsberg Maritime’s extensiv
Valmet Hooks Methanol Automation Order for Jan de Nul’s CLVs
Finland-based Valmet has booked an order for a marine methanol fuel automation control system for two cable-laying vessels (CLVs) being built for Jan de Nul in China.The vessels will be built in the China Merchants Heavy Industry (Jiangsu) shipyard for Jan De Nul, a company providing engineering solutions in maritime and offshore energy infrastructure and construction projects.The value of the order will not be disclosed.“Valmet has experience in green fuel supply system control.
Beacon Offshore’s Shenandoah FPS Reaches US Ahead of Deepwater Installation
The Shenandoah floating production system (FPS) has been transported to the Gulf of America ahead of wet tow and offshore installation at the Shenandoah deepwater field at Walker Ridge project site, developed by Texas-based exploration and production company Beacon Offshore Energy.On December 13, 2024 the Shenandoah FPS sailed away from HD Hyundai Heavy Industries’ shipyard in Ulsan, South Korea, where…
Cadeler’s Newbuild Offshore Wind Vessel Secures Work in US
Danish offshore wind installation firm Cadeler has signed a firm contract for the deployment of its newbuild offshore wind vessel, the Wind Pace, at an offshore wind farm located in the United States.This will be the first time Cadeler’s second P-Class newbuild vessel, Wind Pace, will be deployed following its anticipated delivery later in 2025.The work is scheduled to start in the second quarter of…
A New Thriller About an Amazing Rescue
In the early days of dynamic positioning, the 1960s and 70s, commercial deepsea divers soon learned how good their support vessel’s DP footprint was. Their lives depended on it. If a vessel slowly, or worse still, rapidly, moved off position, they would be pulled along with it.Diver safety was an early motivator for developments in DP systems, but risks remained. Chris Lemons survived a worst-case scenario in the North Sea in 2012: “First, the communications cable snapped.
Dealing with Hydrogen
This week, the European Commission presented its Clean Industrial Deal which aims to accelerate decarbonization while securing the future of manufacturing in Europe.It was generally well received by European shipowners and ports, and it was generally good news for the hydrogen industry.Blackridge Research & Consulting recently listed the top seven green hydrogen projects globally, noting that the EU…
IMO Getting Ready to Seal the Deal on a GHG Emissions Pricing Mechanism
There were no major breakthroughs in the on-going discussions about a universal levy at the IMO's Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 18) last week. Any GHG emissions pricing mechanism is going to mean big change for the industry, and a lot of different sectors within shipping will be impacted.InterManager has pointed out, in a paper submitted to the next meeting of the IMO’s Marine Environment Protection Committee (MEPC83 in April)…
Tidewater's 2024 Net Income Jumps
Tidewater has announced that its net income for the 12 months ended December 31, 2024 was $180.7 million, compared to $97.2 million for the previous year.The company’s revenue for the three and 12 months ended December 31, 2024 of $345.1 million and $1,345.8 million respectively, compared with $302.7 million and $1,010.0 million, respectively, for the previous year.Quintin Kneen, Tidewater’s President and Chief Executive Officer, said: “2024 proved to be a successful year by all measures.
Service Fees on Chinese Vessels Could Cost Billions
VesselBot has highlighted the significant financial exposure for major container shipping lines under the Office of the United States Trade Representative (USTR) proposed Section 301 service fees targeting China's maritime sector.USTR is proposing to impose fees and restrictions on international maritime transport services related to Chinese ship operators and Chinese-built ships, as it has found China’s acts…
DOD Officials Visits Eastern Shipbuilding
Eastern Shipbuilding Group (ESG) has welcomed (Acting) Assistant Secretary of the Navy for Research, Development, and Acquisition (ASN RDA) Dr. Brett Seidle, Rear Admiral Tom Anderson, Program Executive Officer for Ships (PEO Ships), and several key Department of Defense (DOD) officials to its shipyard this week.As a leader in America’s maritime industry, ESG remains committed to supporting the nation’s defense initiatives and strengthening the U.S. shipbuilding sector.
Container Ship Over-Supply Looming
Capacity and its deployment dominate the outlook for shippers this year as they digest the impact of tariffs, the potential rebound in Red Sea traffic and the introduction of the new alliance Gemini, according to global consulting firm AlixPartners’ 2025 Container Shipping Outlook Report, “Navigating the Crosscurrents.”The tailwinds from the Suez Canal diversions, industrial action at ports, and a U.S.
Asia's Oil Imports Drop 3%
Asia's crude oil imports are off to a weak start in 2025, as top importer China continues to buy less and new sanctions put the brakes on cargoes from the continent's top supplier Russia.Asia's imports for the first two months of the year are on track to be 26.17 million barrels per day (bpd), down 780,000 bpd from the 26.96 million bpd for the same period last year, according to data compiled by LSEG…
Russian LNG Pair Halts Exports as Sanctions Kick In
Small-scale Russian producers of liquefied natural gas (LNG) located on the shores of the Baltic Sea, Portovaya LNG and Kryogaz-Vysotsk, have suspended LNG supplies, LSEG ship-tracking data showed on Thursday, as U.S. sanctions kick in.Washington last month introduced new sanctions against Russia over the conflict in Ukraine, including against the two plants, with a grace period until February 27.Kryogaz-Vysotsk…
New Oil Export Pact for Venezuela Could be in the Works - sources
The cancellation of a license for Chevron to operate in Venezuela could lead to the negotiation of a fresh agreement between the U.S. producer and state company PDVSA to export crude to destinations other than the United States, sources close to the talks said.U.S. President Donald Trump said on Wednesday he was reversing the license, accusing President Nicolas Maduro of not making progress on electoral reforms and migrant returns.U.S.
Port of Tyne, Artemis Launch Fully Electric Foiling Pilot Boat
The Port of Tyne has purchased the UK’s first fully electric foiling pilot vessel, a significant milestone for the Port and the UK’s maritime sector. The vessel, scheduled to be delivered before the end of the year, will be used to transfer pilots onto the ships, delivering essential goods and cargo to the northeast of England.This investment by the Port of Tyne is aimint to further enhance both the safety and efficiency of the Port’s operations.
"K" Line Secures ‘Zero-Emission Accelerating Ship Finance’
Increasingly, maritime finance is tied to the environmental impact of the asset or project.Under Zero-Emission Accelerating Ship Finance (the Program), which is jointly operated by the Development Bank of Japan Inc. (DBJ) and ClassNK, ClassNK evaluated the LNG-fueled car carrier OCEANUS HIGHWAY (IMO No. 1046049), owned by Kawasaki Kisen Kaisha, Ltd. ("K" LINE). DBJ provided financing to "K" LINE.ClassNK…
Telesat, Intellian Collaborate
Telesat (NASDAQ and TSX: TSAT) and Intellian announced a contract award for Intellian to design and manufacture Ka-band flat panel User Terminals for the Telesat Lightspeed Low Earth Orbit (LEO) constellation.Under this agreement, fully optimized Ka-band LEO flat panels for the Telesat Lightspeed network are being designed and manufactured to deliver high-speed throughput for markets including fixed enterprise applications, wireless backhaul, government, land mobility, and maritime connectivity.
Carnival Corp Leans on Tech to Boost Vessel Efficiency, Cut Emissions
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, is advancing greater fuel efficiency for propulsion through hull designs and new hardware and technology, along with underwater drone inspection and cleaning trials.This work is done through complementary strategies focused on maximizing hydrodynamic performance and enhancing ongoing hull maintenance, which reduces a ship’s underwater drag.
Proposed China Vessel Fees Come with Supply Chain Risks
Analysts caution that a new proposal to impose fees on China-built container ships entering the U.S. could trigger unintended consequences, including port congestion, rising freight costs, and shifts in global trade flows.The Trump administration has announced a plan to charge a $1 million fee every time a vessel operated by a Chinese carrier docks at a U.S. port. Additionally, the Federal Notice outlines potential extra charges for any China-built ships…
Ammonia-Fueled Bunkering Vessel gets ClassNK AIP
ClassNK issued an Approval in Principle (AiP) for an ammonia-fuelled bunkering vessel, a vessel is jointly developed by Nippon Yusen Kabushiki Kaisha (NYK Line) and LMG Marin AS (a member of the Seatrium Group).As ammonia as fuel is expected to be used in shipping to help shipowners meet tough new emission reduction targets, bunkering vessels that supply fuel to ships and related equipment will play an essential role in the supply chain.
