South Korea's Orderbook Tops $138 billion
Veson Nautical has used VesselsValue data to confirm that South Korea’s orderbook has now topped $138 billion.The LNG sector is the most valuable, worth $71.3 billion and accounting for around 52% of the total South Korean orderbook value. This sector also has the highest volume of orders with 276 vessels on order.Container ships rank second with a market value of $35.6 billion, equating to a share of about 26% and 184 vessels on order.
China Warns Taiwan, Calls President "Parasite"
China's military on Tuesday said it had begun joint army, navy and rocket force exercises around Taiwan to "serve as a stern warning and powerful deterrent against Taiwanese independence", calling Taiwan's President Lai Ching-Te a "parasite".More than 10 Chinese military ships have approached close to Taiwan's 24 nautical mile (44.4 kilometre) contiguous zone, and Taiwan sent its own warships to respond…
ABS Signs Talent Development MoU in Singapore
ABS and the Singapore Institute of Technology (SIT) signed an MoU at Singapore Maritime Week last week to advance innovations in applied research in maritime technology and enhance talent development within the global maritime and offshore industries.The collaboration advances applied research in vessel system design, including ship power simulations with hardware-in-the-loop, shore-to-ship charging…
Shell Condemns Australia's LNG Plans
Shell warned on Tuesday that a proposal in Australia to force more export gas into the domestic market could end up deterring investment and exacerbating shortages.Ahead of Australia's May 3 general election, energy has emerged as a major campaign issue with the conservative Liberal-National coalition pledging to bring down power bills and prevent a looming shortage on the east coast through a gas reservation scheme.However…
Steerprop Propulsion Chosen for Canadian OSV
A new field support vessel being built by Crist S.A. in Gdynia, Poland, to operate on the Grand Banks off the coast of Newfoundland and Labrador, Canada, will feature a full propulsion scope from Steerprop.Vessel operating conditions on the Grand Banks are extremely challenging due to heavy seas, fog and icebergs. This emphasizes the importance of the ship’s propulsion thrusters in maintaining dynamic…
Shell Completes Acquisition of Pavilion Energy
Shell Eastern Trading, a subsidiary of Shell plc, has completed the previously announced acquisition of 100% of the shares in Pavilion Energy.Pavilion Energy, headquartered in Singapore, operates a global LNG trading business with contracted supply volume of approximately 6.5 million tonnes per annum (mtpa). The acquisition includes Pavilion Energy’s portfolio of LNG offtake and supply contracts, regasification…
MEPC 83 Set to Tackle Mid-Term Measures on Emissions
The Marine Environment Protection Committee (MEPC) will meet for its 83rd session from April 7 to 11 April, and efforts to reduce GHG emissions from ships will be top on the agenda.Tackling climate change - Reduction of GHG emissions from shipsThe 2023 IMO GHG Strategy outlines a set of “mid-term measures” aimed at reducing greenhouse gas emissions from international shipping. These measures should…
First Dutch Navy Mine Countermeasure Vessel Starts Sea Trials
The Vlissingen, the second of the series of mine countermeasures vessels (MCM) of the Belgian-Dutch rMCM program, first intended for the Royal Netherlands Navy, has commenced sea trials.The specialized and cyber secured by design MCM vessels are the first to have the capability to embark and launch a combination of surface drones (themselves 12-metre, 19- tonne vessels), underwater drones and aerial drones.The mine countermeasures vessels will use a mainly autonomous system for detection…
Nine Ways to Improve Life at Sea
The Global Maritime Forum has launched the Sustainable Crewing Guidelines, nine recommendations to improve life at sea.The guidelines aim to boost working conditions and alleviate the forecasted shortfall of 90,000 trained seafarers by 2026 – a major risk to global supply chains and safety at sea.Co-developed by the Global Maritime Forum’s All Aboard Alliance with a consortium of 12 major shipping companies based on feedback from over 400 seafarers…
White House Could Bypass UN on Deep-Sea Mining
The White House is weighing an executive order that would fast-track permitting for deep-sea mining in international waters and let mining companies bypass a United Nations-backed review process, according to two sources with direct knowledge of the deliberations.If signed, the order would mark U.S. President Donald Trump's latest attempt to tap international deposits of nickel, copper and other critical minerals used widely across the economy after recent efforts in Greenland and Ukraine.
Caspian Pipeline Consortium Halts Operations at Two Mooring Points
The Caspian Pipeline Consortium (CPC), which exports Kazakhstan's and Russia's oil from the Black Sea, announced on Monday that it had halted operations at two of its terminal's three mooring points (SPMs).CPC pipeline, which ships about 1% of world oil supply and is a key route for Kazakhstan's oil exports, may lose some 50% of the capacity if operating just one SPM, according to traders' estimates.CPC…
William Hackett: New Digital Solutions
William Hackett, a global supplier of safety-critical lifting, rigging and chain solutions, is expanding its customer offering with new digital solutions.The UK-based manufacturer is adding RFID chips to its popular Hack8 and Hack10 chain sling assembly tags. These digital records provide a more durable and reliable method of accessing documentation, helping to improve industry safety.Using NFC technology, riggers and other users can benefit from quick access to key product information.
New Maritime AI Innovation Lab Targets Improved Ship Design and Operations
A consortium of Damen, TU Delft, SafeSystems, RH Marine, NHL Stenden University of Applied Science and MARIN kicked off the Maritime AI Innovation Lab. This new lab provides a unique and modular development environment for the entire maritime industry and aims to improve designs and operations of future ships.Its broad approach includes physical modeling and measurements on scale models, simulators and in actual operations.
Maritime Industry Associations Launch Best Practices Publication
The Industry Associations of BIMCO, ICS, IMCA, INTERCARGO, INTERTANKO & OCIMF, supported by over forty maritime stakeholders, have today released a consolidated publication, Best Management Practices (BMP) for Maritime Security (MS).As an interactive online publication, BMP Maritime Security consolidates previously published regional publications into a single, comprehensive publication with actionable insights and advice.
Iran Seizes Foreign Tankers Allegedly Carrying Smuggled Diesel Fuel
Iran's Revolutionary Guards on Monday seized two foreign tankers in the Persian Gulf carrying over 3 million litres (792,516 U.S.
Solong's Owner Sets Up UK Fund for Lawsuits
The owner of a cargo ship that struck a U.S. military-contracted tanker off England's northeast coast last month said on Monday it is setting up a fund for potential lawsuits over the collision.MS Solong Schiffahrtsgesellschaft M & Co KG, a subsidiary of Ernst Russ which owns the Portuguese-flagged container ship Solong, was sued at London's High Court on Monday by the operators of the Stena Immaculate…
Yamal LNG Intensifies Ship-to-Ship Transfers, According to LSEG Data
Russia's liquefied natural gas plant Yamal LNG, led by Novatek, has intensified LNG ship-to-ship transfers in the Murmansk region using four gas tankers at the same time, ship-tracking LSEG data showed on Monday.Novatek resorted to using four tankers after restrictions on the transshipment of Russian LNG at European ports for sale in third countries came into force last week.According to LSEG data…
China: Missing Vessel Crew is 'Safe' After Suspected Pirate Attack
China said on Monday (March 31) that all crew members who went missing over the weekend after a suspected pirate attack on their Ghanian-registered fishing vessel are now “safe”.“China will continue to work with Ghana to safeguard the safety of Chinese citizens and institutions in Ghana,” foreign ministry spokesperson Guo Jiakun told a regular press conference.Seven armed people boarded the ship and fired warning shots shortly before 1800 GMT on Thursday (March 27)…
Gladding-Hearn Delivers New Pilot Boat to Virginia Pilots
The Virginia Pilot Association has taken delivery of a new high-speed, pilot boat from Gladding-Hearn Shipbuilding, Duclos Corporation. It’s the Virginia pilots’ tenth launch built by the Somerset, Mass., shipyard since 1983.The all-aluminum launch is designed and outfitted for the Pilot’s Hampton Roads harbor station. An all-new, shallow-V hull by Ray Hunt Design was created to optimize speed with a low wake while maintaining seakeeping and boarding performance.
U.S. Coast Guard: Over $517.5 Million in Illicit Drugs Interdicted in Eastern Pacific Ocean
The crew of U.S. Coast Guard Cutter Stone offloaded approximately 45,600 pounds of illicit narcotics worth more than $517.5 million at Port Everglades, Thursday.The seized contraband was the result of 14 interdictions in international waters of the Eastern Pacific Ocean, and 35 suspected smugglers were transferred ashore to face federal prosecution in U.S. courts.The following assets and crews were involved in the interdiction operations:U.S. Coast Guard Cutter Stone (WMSL 758)U.S.
