WinGD to Supply Engines for AET’s Ammonia-Fueled Aframax Tankers
Swiss marine power company WinGD has secured an order for its X‑DF‑A ammonia-fueled engines for what will be the world’s first ammonia dual-fuel Aframax tankers.Two vessels ordered by Singapore based ship owner and operator AET, a petroleum arm of Malaysia’s MISC Group, will be built at Dalian Shipbuilding Industry with six-cylinder X62DF-A engines, the newest addition to WinGD’s clean-fuel engine…
Escalated Middle East Conflict Could Hike Oil Price to $150/barrel, Bloomberg Finds
So far, the Israel-Hamas conflict has had limited impact on the global economy. However, an escalation to a direct war between Israel and Iran, could result in oil prices rising to $150 a barrel and global output cut by $1 trillion, according to a new analysis by Bloomberg Intelligence (BI) and Bloomberg Economics (BE).The new study from BI and BE – Middle East Energy Scenarios – looks in detail at four broad scenarios and their potential impact on global GDP and inflation…
Used Vehicle Lashing Belts being Recycled into Solid Fuel
NYK Line, NYK Trading Corporation, Azbil Yamatake Friendly and Kayama Kogyo have begun recycling vehicle lashing belts that have passed their expiration dates for use on NYK-operated car carriers.Azbil Yamatake Friendly collects the belts and separates the metal parts from the plastic lashing of the belts. Kayama Kogyo is then producing refuse-derived paper and plastics densified fuel (RPF fuel) from the plastic belts.
Inclinometers Readied for Dali Operations
Salvage crews within the Key Bridge Unified Command continue to prepare for the complex task of removing the large piece of bridge lying on top of the M/V Dali.Prior to removing the bridge piece, salvage teams must meticulously analyze and factor in numerous hazards and obstacles resulting from the bridge's impact. Crushed containers, hull damage, and weight shifts are among the critical considerations…
Taylor Smith Shipyard Partners with Nouum Engineering on Engine Overhauls
South African Nouum Engineering, a provider of diesel engine services for marine, power, locomotive and generators globally, and Mauritius-based ship repair and conversion yard Taylor Smith Shipyard (TSS) have signed a cooperation agreement, expanding both companies’ commercial and operational scopes.As a part of the agreement, Nouum Engineering will be focusing on the repair and maintenance of marine engines and related equipment…
Tanzanian LNG Project Delayed as Government Seeks to Change Terms
Negotiations for the development of Tanzania's $42 billion liquefied natural gas export plant have been delayed by proposed government changes to a financial agreement reached last year, a government spokesperson and two company sources said.The government and investors announced last May they had completed negotiations on the long-delayed project to unlock Tanzania's vast offshore gas resources.Equinor and Shell are joint operators while Exxon Mobil…
Middle East Marine Put on Blast for 'Worst Case of Serial Seafarer Abandonment Ever Seen'
The International Transport Workers’ Federation (ITF) is calling out Dubai-based ship management company Middle East Marine LLC for what it described as "the worst case of serial seafarer abandonment ever seen", involving the systematic abuse and neglect of more than 100 seafarers.Since November 2022, the ITF has reported over 17 abandonments across 18 vessels in Bangladesh, India, the Maldives and Sri Lanka.
New EU Sanctions Could Hit Russian Shipping
The European Union would ban trans-shipment of Russian LNG, the use of EU ports by vessels transporting goods contributing to Russia's war effort and make EU operators more accountable for any sanctions violations, according to a text under discussion.The text seen by Reuters on Monday covers proposals that would constitute a 14th package of sanctions against Russia over its 2022 invasion of Ukraine…
Maritime Partners, USCG Ink Design Basis Agreement for Innovative Hydrogen One Towboat
The developer of an innovative towboat engineered to run on hydrogen generator technology has signed a Design Basis Agreement (DBA) with the U.S. Coast Guard, helping to clear the regulatory path toward the vessel's eventual entry into service.The first-of-its-kind vessel, Hydrogen One, is being produced by Maritime Partners, the Metairie, La.-based maritime financing company that unveiled plans for the groundbreaking towboat in 2021.Designed by Seattle-based Elliott Bay Design Group…
Adm. Craig Faller to Chair Surface Navy Association Board
Retired Adm. Craig Faller has assumed the position of Chairman of the Board of Directors of the Surface Navy Association (SNA), a nonprofit promoting coordination and communication among military, business and academic communities with an interest in naval surface warfare and forces.Faller succeeds retired Adm. Vern Clark, who has been chairman since 2020.In addition to numerous ashore assignments including Chief of Naval Legislative Affairs…
Red Sea Disruption Could Cut Asia-Europe Capacity, Maersk Says
Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry's capacity between Asia and Europe by up to 20% in the second quarter.Maersk and other shipping companies have diverted vessels around Africa's Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times pushing freight rates higher."The risk zone has expanded…
Australian Submarine Maintenance Facing Possible Disruption Due to Workers Strikes
Workers at Australian state-owned submarine builder ASC Ltd began on Monday a campaign of strikes for higher wages that could disrupt maintenance for Australia's submarines even as it prepares to build the nuclear-powered AUKUS fleet.Roughly 300 workers at ASC's Osborne shipyard in South Australia walked off the job for an hour on Monday, and a separate meeting of union members voted to continue some form of strikes indefinitely…
Senegal's O3S Orders Fast Supply Vessel from Penguin
O3S – Oil Senegal Support Services, a homegrown Senegalese operator servicing the country's fledgling offshore energy sector, has ordered a new 36-meter fast supply vessel (FSV) from Singaporean shipbuilder Penguin International. Construction on the new FSV is expected to start later this year, with delivery of the new vessel expected to take place in 2025.The new Incat Crowther-designed vessel will…
Sea Drone Warfare has Arrived, and the US is Floundering
The U.S. Navy's efforts to build a fleet of unmanned vessels are faltering because the Pentagon remains wedded to big shipbuilding projects, according to some officials and company executives, exposing a weakness as sea drones reshape naval warfare.The lethal effectiveness of sea drones has been demonstrated in the Black Sea where Ukraine has deployed remote-controlled speed boats packed with explosives…
The Power of Now: Sailing Toward Shipping’s Climate Goals
When Bertrand Charrier worked with Jacques Cousteau four decades ago on the development of a revolutionary sail for the maritime industry, the time for widescale adoption of wind power wasn’t right. Now, he argues, there’s simply no time to waste.“Sometimes the best discoveries are rediscoveries.”Bertrand Charrier is a champion of simplicity. Sitting in a comfortable chair overlooking the rolling fields of rural France…
New Long Island Ferry Launched at Eastern Shipbuilding
Eastern Shipbuilding Group (ESG) on Friday held a launch and christening ceremony for the ferry Long Island at its Allanton Shipyard in Panama City, Fla.Scheduled to be delivered later this year, the new Subchapter H passenger and auto ferry is being built for Bridgeport & Port Jefferson Steamboat Company, a subsidiary of McAllister Towing, for operations between Bridgeport, Conn., and Port Jefferson, N.Y., traversing the Long Island Sound.
Royal Navy Seizes Over $250M Worth of Drugs in Caribbean Sea
The crew of U.K. Royal Navy’s offshore patrol vessel HMS Trent has seized over $250 million worth of cocaine in the latest drugs bust in the Caribbean Sea, bringing the total drugs seized by the vessel so far to over $640 million.The latest bust came after HMS Trent was alerted to potential smugglers by a United States maritime patrol aircraft and used her powerful radars to track down the suspicious vessel.With the Royal Navy ship closing in…
Fortescue’s Ammonia-Powered Vessel Wraps Up Sea Trials in Singapore
Fortescue, with the support from the Maritime and Port Authority of Singapore (MPA) and partners, has completed propulsion and maneuverability trials of its Singapore-registered Fortescue Green Pioneer dual fuel ammonia-powered vessel in the Port of Singapore.The trials were conducted using 6.4 m3 (4.4 tonnes) of liquid ammonia, in combination with diesel and Hydrogenated Vegetable Oil (HVO), a second-generation biofuel…
Ship Recycling Activity Climbs in Week 18
Activity across the Indian sub-continent ship recycling markets has been climbing on the back of recently witnessed agitations in the trading lanes, reports cash buyer GMS.“A growing number of Ship Owners are biting the recycling bullet and selling their overaged but still trading vessels. Containers have been the first segment to be squeezed out by this recent dip in freight rates as several units were (and continue to be) introduced for a recycling sale…
Meyer Turku Group Increases Turnover
Meyer Turku Group's results for 2023 indicate the company's turnover was 1.43 billion euros, which means a growth of 10.6% compared to the previous year.Both the turnover and the number of personnel have been growing for three consecutive years. The loss for the financial year 2023 was 103.8 MEUR (i.e. -7.2% of the turnover).The fiscal year 2023 of the shipyard company was affected by the ship deals that were closed before the covid pandemic…