Multilateral Naval Exercise Komodo Gets Underway
The fifth Multilateral Naval Exercise Komodo, hosted by the Indonesian Navy, began on February 16.The biennial exercise will continue until February 22 in Bali, Indonesia, and will involve over 30 ships from more than 15 countries. Russia, China, India and the US are among the participating nations.The non-combatant exercise is themed “Maritime Partnership for Peace and Stability” and will emphasize multilateral maritime cooperation and disaster response protocols.
MITSUI E&S Commences Full-Scale Ammonia Two-Stroke Testing
MITSUI E&S has announced the beginning of the test phase for the world’s first commercial, two-stroke, dual-fuel ammonia engine. The MAN B&W 7S60ME-LGIA (-Liquid Gas Injection Ammonia) Mk 10.5 prototype engine began its ammonia fuel test-run at MITSUI E&S’s Tamano Factory in Japan.The 60-bore engine will eventually be installed aboard a 200,000-dwt bulk carrier at Imabari Shipbuilding for a joint venture between “K” LINE, NS United and ITOCHU Corp.
LNG Shipping Stocks Gain for a Second Week
The UP World LNG Shipping Index (UPI) rose 0.67% to 168.40 points, while markets remained quiet despite geopolitical shifts made by the new U.S. administration, reports UPI analyst Tomas Novotny. “This can potentially increase LNG market competition, leading to lower prices but higher sales.”The UPI saw moderate growth, with Awilco LNG (+9.1%), BP (+8.5%), and Cool Company (+6.8%) among the top gainers, while Tsakos Energy (-5.2%) and Capital Clean Energy (-4.9%) declined.
Gasum Charters New LNG Bunker Vessel
Finland’s Gasum has chartered a new bunker vessel that will be delivered in 2027.The new vessel, to be named Celsius, will enable Gasum to fulfil its strategic ambition to increase LNG and bio-LNG availability in the Northwestern European maritime market.The vessel will be owned by a Joint Venture between Gasum and Swedish shipping company Sirius Shipping. The vessel will be built by RMK Marine yard in Istanbul Turkey.Sirius Shipping and Gasum have a long history together…
Transpetro Launches Tender for Eight Gas Tankers
Transpetro, a unit of Brazil's state-run oil company Petrobras, has launched an international tender to contract eight gas tankers and expects to launch 13 others by the end of next year, Chief Executive Sergio Bacci said at an event on Monday.The tenders are part of ongoing plans to renew Transpetro's fleet while boosting the country's shipbuilding sector, a priority for President Luiz Inacio Lula da Silva.The vessels are part of a group of 25 new ships, with 16 already listed in Petrobras' str
Calcasieu Pass Louisiana LNG Plant to Start Commercial Operations Soon
Three years after it shipped its first LNG cargo, and after a two-year dispute with its customers, Venture Global LNG will begin commercial operations at its Calcasieu Pass plant in Louisiana on April 15, the company said on Monday.Long-term customers including Shell and bp have been notified of the start of commercial operations, the company said.Venture Global's failure to move to commercial operations…
Woodside Eyes Partners for Louisiana LNG
Woodside Energy has held talks with several potential buyers of stakes in its Louisiana liquefied natural gas plant, including Tokyo Gas, Japan's JERA and Saudi Aramco-backed MidOcean Energy, multiple sources told Reuters.The timing of the stake sale is a test case for buoyant market expectations around LNG with the return of Donald Trump to the U.S. presidency. Trump has said trade partners should buy more U.S.
Fratelli Cosulich Expands Stake in FEMO Bunker
Gruppo Fratelli Cosulich strengthened its shareholding in FEMO Bunker, born from the vision of Capt. Antonio Cosulich e di Fabio e Massimiliano Pesto, specialized in bunker trading for the Yachting sector. The operation brings the controlling share of the Group to 62% of the social capital. FEMO Bunker, founded in 2000 and led by CEO and shareholder Ugo Pastorino, offers fuel supply services for yachts and ships.
Dales Marine Services Appoints McLean
Dales Marine Services (DMS) appointed Euan McLean as its new Business Development Manager. Euan will play a key role in helping the company achieve its ambitious growth plans and expand into new sectors and industries while consolidating its position as a leading dry dock and steelwork provider, maintenance, ship repair, mobilization, and ship lay-up services from five major Scottish ports. McLean joins DMS at a key point in the company’s growth, with record turnover and increased headcount.
Electric Ferry Ampere Marks 10th Anniversary
Since entering service in 2015, the all-electric ferry MF Ampere has sailed the equivalent of 17 times around the equator on batteries alone.Despite a chorus of critics and skeptics in during the project, a decade later, Ampere continues to showcase the potential of electric technology, tech that has been emulated in ferries globally.It all started with the Ampere and the Norwegian Public Road Administration's decision…
NYK Energy Ocean Launched
NYK and ENEOS Ocean Corporation elected “NYK Energy Ocean Corporation” (NEO) as the name of the new company that will take over ENEOS Ocean's non-crude oil shipping business. NYK will acquire 80% of the shares of the new company and make it a subsidiary.By the end of last year, the transaction approval procedures by the Japan Fair Trade Commission and other relevant authorities in Japan and overseas were completed.
INFLECION: A New Name in Maritime SatCom by '28
AAC Clyde Space started the INFLECION project, something the company touts as a transformative initiative made possible by a contract with the European Space Agency (ESA). This marks the beginning of a project that will transform maritime domain awareness (MDA) through satellite technology.INFLECION is touted by its creator as a game changer for global maritime operations, addressing challenges and enhancing safety, efficiency, compliance, and environmental sustainability.
Western Bulk Reports Stronger 2024 Performance and Forecasts Lower Costs for 2025
Western Bulk improved its trading performance (Net TC) from $15 million to $24.4 million in 2024 while restructuring the business to lower the annual G&A costs by 15 % to $22 million going forward.
SpecTec Celebrates 40th
SpecTec celebreaters its 40th year via a special anniversary event in La Spezia, Italy, from May 19th to 21st.Founded in Oslo in 1985, SpecTec began as a pioneer in maritime technology…
Surface Prep Crucial to Steel Coating Success
Germany-based protective coatings innovator Steelpaint GmbH is urging shipowners, shipyards, and port authorities with steel assets to prioritize surface preparation, advising that skimping on this critical step in the application process is leading to premature coating failures, costly repairs, and increased safety risks.The advisory follows a recent request to apply its single-component, moisture-cure Stelcatec to a steel structure that had not been properly prepared…
Bilbao Port Authority Showcases Hydrogen Infrastructure
The Bilbao Port Authority participated in the 1st Conference of the Chambers of Commerce and Hydrogen Valleys of the Atlantic Arc. The event, held at the Energy Intelligence Center (EIC) in Abanto-Zierbena, brought together the Chambers of Commerce of the Atlantic Arc, an alliance involving Chambers from Portugal, Spain, and France to improve the competitiveness of the region, with hydrogen valleys and clusters from the Cantabrian coast.In his presentation…
MEGA MACHINES: Manson Prepares to Add “The Bionic Man” of Dredge Vessels
Manson Construction has long been a pillar of the U.S. maritime industry, rooted in a tradition of U.S.-built, U.S.-owned, and U.S.-operated vessels. The company was founded in 1905 by Peter Manson, when he dug up a jar of gold coins [because he didn’t trust the banks] and purchased a winch, a winch that was then put on a barge and that became Manson's first pile driver. With barge-mounted pile driver…
Fincantieri-EDGE JV Lines Up $520M UAE Navy Support Contract
Maestral, an Abu Dhabi-based shipbuilding joint venture between Fincantieri and EDGE, has lined up a major ‘In-Service Support Strategic Partnership Project’ for the entire navy fleet of the United Arab Emirates (UAE), worth over $520 million.The contract to Maestral will be awarded by Tawazun Council, an independent government entity that works closely with the Ministry of Defence and security agencies…
Seavolt, RAD Team Up for Electric Propulsion in Australia-Pacific Region
Seavolt and RAD Propulsion have formed a partnership to deliver complete electric propulsion solutions to boat manufacturers, marinas, ports, sporting organizations, and governments across Australia and the Pacific region.This collaboration brings together Seavolt’s marine charging technology and RAD Propulsion’s electric drive systems, offering customers a solution for electrifying their fleets.“We’re…
SBM Offshore, Petrobras to Assess Application of Carbon Capture Tech on FPSOs
SBM Offshore and Petrobras have signed an agreement to study the application of carbon capture modules on floating production, storage, and offloading (FPSO) units.The module design is based on an engineering and design study between SBM Offshore and Mitsubishi Heavy Industries (MHI), qualified by DNV. It is based on a combination of MHI’s proprietary CO2 capture technology and SBM Offshore’s Fast4ward…
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