ClassNK Releases Ship Management Guidelines That Draw on Successful Case Studies
ClassNK has released "Prime Shipmanagement Guidelines," which aim to achieve sustainable ship management with safety as the highest priority. With an evolving environment surrounding ship management, including fuel transition, stricter regulations, and crew shortage, ClassNK aims to enable flexible responses to unexpected situations by drawing on lessons learned from successful case studies that had not received much attention before.At sea…
Russian ESPO Blend Oil Freight Rates Hit Lowest Since January
Freight rates for ESPO Blend crude shipped from the Russian port of Kozmino to China eased further in April to the lowest since mid-January on higher availability of tankers…
Indian Oil Signs Five-Year LNG Deal with Trafigura
Indian Oil Corp has signed a five-year import deal with trader Trafigura to buy 2.5 million metric tons of liquefied natural gas (LNG) in a $1.3–$1.4 billion deal, Chairman A S Sahney said on Wednesday.Supplies under the deal would begin from the second half of this year, he said, adding that the price of the LNG is linked to the U.S. Henry Hub benchmark.Trafigura will supply 2.5 million tonnes of LNG…
Norwegian Cruise Line Misses Quarterly Estimates Amidst Tariff Uncertainties
Norwegian Cruise Line Holdings missed estimates for first-quarter revenue and profit on Wednesday and warned of weak consumer spending on premium voyages due to growing concerns over a possible recession, sending its shares down 9%.The cruise operator said it was expecting annual net yield - profit made per passenger after costs - below the prior range and softness in booking trends due to macroeconomic…
Ukrainian Navy Retrieves and Defuses Russian Bomb from the Black Sea
Ukraine's navy said it retrieved and defused a Russian FAB-500 aviation bomb at the shores of Odesa on Tuesday (April 29).Reuters was not able to verify the location or date of the Navy's footage from underwater and from the controlled explosion, however, a Reuters correspondent filmed the Navy retrieving the bomb from the sea.Demining experts retrieved the bomb from a depth of 20 meters, transported it to the shore and detonated it, the Navy said.Navy spokesman Dmytro Pletenchuk said until 2023
Philippines and New Zealand Strengthen Defense Ties with Troop Pact
The Philippines and New Zealand strengthened defence ties with the signing of a landmark troop pact on Wednesday, opening the way for expanded military cooperation amid shared security concerns in the Indo-Pacific region.The Status of Visiting Forces Agreement, signed in Manila by Philippine Defense Secretary Gilberto Teodoro and NZ Defence Minister Judith Collins, allows the two nations to deploy troops on each other's soil, making it easier for their militaries to work together.New Zealand too
Coast Guard, Partners Target Containers at Port of New York and New Jersey
Coast Guard Sector New York personnel conducted three warehouse spot checks at the Port of New York and New Jersey this week, uncovering a 60% deficiency rate in hazardous material compliance. The targeted inspections, driven by Customs and Border Protection (CBP) container screening data, are part of an expanded effort to detect undeclared hazardous cargo before it can pose a threat to port safety or vessel crews.
Parkburn, Scantrol Collaborate for Offshore Support Vessel Performance in Ultra-Deep Waters
In the demanding environment of ultra-deep waters, where reliability is paramount, Parkburn Precision Handling Systems and Scantrol AS have joined forces to deliver an impactful solution. This collaboration has enabled Stabbert Maritime Group's Offshore Support Vessel (OSV) Ocean Guardian to achieve successful operations since delivery over two years ago.Parkburn, an innovator in winching technologies and cable handling systems across the marine…
d’Amico International Shipping Announces New Time Charter Contracts
d’Amico International Shipping S.A., an international marine transportation company operating in the product tanker market, announced that its operating subsidiary, d’Amico Tankers D.A.C. (Ireland), has recently signed new 12-month time charter agreements for two of its Eco-MR2 vessels and one of itsEco-LR1 ships, all with reputable counterparties and at very profitable daily hire rates.
Wärtsilä Expands Introduces NextDF Technology for Third Engine
Technology group Wärtsilä has introduced its NextDF technology for a third engine, the Wärtsilä 46TS-DF dual-fuel engine. While operating on liquefied natural gas (LNG), the Wärtsilä 46TS-DF engine with NextDF feature reduces methane emissions to less than 1.4 percent of fuel use across all load points, achieving as low as 1.1 percent in a wide load range. This is nearly three times lower than the default methane slip factor of 3.1 percent…
BIMCO: Dry Bulk Market Supply and Demand Balance Will Weaken in Coming Years
The tariff increases by the US and China in effect as of April 25 are estimated to directly affect 4% of dry bulk ton mile demand. They are expected to impact the growth of minor bulk cargo volumes, as shipments to the US may stagnate or decrease. On the other hand, China is expected to increase purchases of dry bulk cargoes from other countries, leading the US to seek alternative markets.“We expect that the dry bulk market’s supply/demand balance will weaken in both 2025 and 2026.
Wattlab SolarDeck: Solar Power for Ships at Sea
Wattlab introduced its SolarDeck - a modular and scalable system of deck-mounted solar panels that is designed to yield "significant reductions" in fuel consumption and CO2 emissions - for the seagoing shipping industry, with an expected ROI of 3-5 years.Established in 2017, Wattlab has spent its first years of operations focusing on the inland shipping sector with its Solar Flatrack, a modular solar energy system consisting of movable and stackable integrated solar panels and inverters.
Kongsberg to Supply Stabilizers for Chesapeake’s Cruise Ship Newbuilds
Kongsberg Maritime has strengthened its 15-year partnership with Chesapeake Shipbuilding in the United, through the supply of its Aquarius retractable stabilizers that will be installed on the latest newbuild cruise ships for American Cruise Lines (ACL).The Aquarius retractable stabilizers offer high-performance roll damping, compact and lightweight design, and advanced control systems.They are specifically engineered for smaller vessels…
INEOS, Covestro Agree Eight-Year LNG Gas Supply
INEOS and Covestro have signed a long-term agreement for the supply of natural gas for up to eight years, starting 2027.The agreement builds on INEOS' newly established LNG supply chain, and both companies' commitment to support European industrial competitiveness.Covestro uses natural gas as a feedstock as well as an energy source. The partnership will enable the supply of natural gas sourced from INEOS’ global LNG portfolio…
TMC Books Compressors Orders for FPSO and LNG Vessels
TMC Compressors (TMC) has secured orders for complete marine compressed air systems for 12 liquefied natural gas (LNG) vessel newbuilds and one floating production storage and offloading (FPSO) unit.As part of the first order, Hanwha Ocean picked TMC to deliver the marine compressed air system to 12 LNG vessels the South Korean shipbuilder is constructing for an undisclosed LNG shipping major.Under the contract…
"Lone Ranger" Onboard Carbon Capture for Maritime Vessels gets DNV DBA
Carbon Ridge received Design Basis Approval (DBA) from DNV for its Onboard Carbon Capture System (OCCS).This milestone confirms that the foundational design and technical assumptions behind Carbon Ridge’s OCCS meet DNV’s safety and regulatory standards, clearing the path for future type approval. The DBA represents a significant milestone before Carbon Ridge’s upcoming first onboard deployment of Carbon…
Solstad Offshore Secures Petrobras Contracts for Three Vessels
Norwegian offshore vessel operator Solstad Offshore has secured multiple contract awards with Petrobras, subject to board approval, for two large Anchor Handling Tug Supply (AHTS) vessels and one Construction Support Vessel (CSV).The AHTS vessels have been awarded new contracts with a duration of four years each, whereof one of the contracts includes ROV services.The contracts are set to start in the…
Guyana to Make Companies Liable for Oil Spill Damages
Guyana's government has submitted an oil pollution bill to the Parliament proposing to make responsible parties liable for damages caused by oil spills, including from vessels, according to a copy of the act published in the Official Gazette.The South American country, whose oil production is controlled by an Exxon Mobil-led consortium is expected to surpass 900,000 barrels per day (bpd) this year…
First Deep-Sea Mining Company Asks Trump for International Permit
Deep-sea mining firm The Metals Co asked the Trump administration on Tuesday to approve its plans to mine the international seabed, making it the first such company to seek the government's permission to operate outside U.S. territorial waters.Last week President Donald Trump signed an order aiming to jumpstart mining in both domestic and international waters in an attempt to boost U.S. access to critical…
Over 150 Responders Working to Contain Louisiana Spill
The Unified Command, consisting of the US Coast Guard, Spectrum OpCo (Operator), and the Louisiana Oil Spill Coordinator's Office (LOSCO), continue to respond an oil and natural gas release in coastal Louisiana.This spill occurred on April 26 in a marsh environment near the Garden Island Bay Production Facility company's well in Plaquemines Parish, southeast of New Orleans, Louisiana.The Unified Command has more than 150 responders supporting response efforts.
