Portuguese Navy Signs Contract with Damen Shipyards
The Portuguese Navy has contracted Damen Shipyards Group for the design, construction and outfitting of a multi-purpose vessel.The contract was signed by Director of Ships Rear Admiral Jorge Pires and Damen Shipyards Group CCO Jan Wim Dekker. The project follows a European tender process and is funded by the European Union’s Recovery and Resilience Facility (RRF) that is part of NextGenerationEU (the…
HEMEXPO Appoints New Board of Directors
The Hellenic Marine Equipment Manufacturers and Exporters organisation (HEMEXPO) has appointed a new Board of Directors following the association’s General Assembly Meeting on November 21.Konstantinos Fanouriadis, CEO of FARAD S.A., Athanasios Athanasopoulos, CEO of UTECO ABEE and Ilias Mallios, Export Manager of SeaBright S.A. were re-appointed to the board, joined by Stefanos Chartomantzidis, Chief Commercial Officer of Prisma Electronics.
New CEO Nominated for Royal Van Oord
The Supervisory Board of Van Oord intends to nominate Govert van Oord as the new CEO of Van Oord. The formal appointment will take place at Van Oord's Annual General Meeting of Shareholders on April 11, 2024.The Board is pleased to be able to transfer the leadership of the family business from the 4th to the 5th generation Van Oord family.Govert van Oord has been with Van Oord since 2002 and has worked for the company in the Middle East, Spain and Brazil, among others.
New Pilot Boat Arrives in Port of Bunbury
Southern Ports’ new pilot boat Wardan has arrived in Bunbury, Western Australia, for local testing and trials ahead of an official naming ceremony to be held early next year.The boat, built by Hart Marine, combines top-tier technology, safety and comfort in a lightweight structure that renders the vessel resistant to corrosion, guaranteeing longevity and resilience in the harshest of marine conditions.Southern…
Seaspan Shipyards Contributes More Than $5.7 Billion to Canada’s GDP
Under the National Shipbuilding Strategy (NSS), Seaspan Shipyards has contributed more than $5.7 billion to Canada’s GDP through its shipbuilding and repair, refit, and maintenance activities and will contribute an additional $20.7 billion to Canada’s GDP through 2035, according to a recent socio-economic study conducted by Deloitte Canada. The report highlights the significant economic benefits of…
AD Ports Expands Shipping Operations in Kazakhstan
AD Ports Group in collaboration with KazMorTransFlot (KMTF), the national shipping company of Kazakhstan, has announced the acquisition and commencement of operations of two tankers designed for the transportation of Kazakhstan's oil across the Caspian Sea.The two oil tankers were named Liwa and Taraz - after ancient cities in the UAE and Kazakhstan, respectively, and have been acquired under AD Ports…
Panama Canal Announces Special Auction Slot Starting Saturday
The Panama Canal, one of the world's main maritime trade routes, announced on Friday it is launching a special auction slot on Saturday, as it battles a severe drought that has forced it to reduce daily ship crossings."The purpose of this measure is to provide greater opportunity of obtaining a slot for vessels in the Panamax Locks that have been waiting in the transit queue for an extended period," the canal's authority said in a statement.Water levels in Gatun Lake, the rainfall-fed principal
Australian Climate Change Activists Disrupt Shipping at Coal Port
A climate change protest off Australia's east coast disrupted operations at the country's biggest coal export port on Saturday, the port operator said.Climate activist group Rising Tide, which claimed responsibility for the action, said around 1,500 people were at the protest, 300 of them in the shipping channel near the Port of Newcastle, as part of a 30-hour blockade set to run until 4 p.m. (0900 GMT) on Sunday.Climate change is a divisive issue in Australia…
Israeli-Linked Chemical Tanker Seized
Unidentified armed individuals have seized a tanker carrying a cargo of phosphoric acid in the Gulf of Aden on Sunday, the vessel's managing company and a U.S. defence official said.The incident, involving the chemical tanker Central Park, is the latest in a series of attacks in Middle Eastern waters since a brutal war between Israel and the Palestinian militant group Hamas broke out on October 7.It followed a seizure of an Israeli-linked cargo ship by Yemen Houthis…
Cargo Ship Sinks Off Greek Island
One person has died and 12 people were missing on Sunday after a cargo ship carrying salt with 14 crew on board sank off the island of Lesbos, the Greek coast guard said.The Comoros-flagged Raptor had departed from El Dekheila port in Egypt and was bound for Istanbul when it reported a mechanical failure and issued a distress call early on Sunday, the coast guard added."One body recovered from the area," a coast guard official told Reuters adding that one person was rescued by helicopter and was
Biden's Clean Energy Agenda Faces Mounting Headwinds
Canceled offshore wind projects, imperiled solar factories, and fading demand for electric vehiclesA year after the passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying President Joe Biden’s agenda.Soaring financing and materials costs, unreliable supply chains, delayed rulemaking in Washington…
Damen Wins Order to Build Vessel for Taiwan Offshore Wind Market
Japan-based Mitsui O.S.K. Lines, (MOL) and Taiwan-based Ta Tong Marine Co. have through their joint venture Ta San Shang Marine Co. Ltd. (TSSM), signed a deal with the Dutch shipbuilder Damen Shipyards for the construction of a new service operation vessel (SOV).As TSSM's second Taiwan-flagged SOV, following Asia's first, the TSS Pioneer, which was delivered in 2022, the vessel is scheduled for delivery at the end of 2025 in Vietnam.
Steerprop To Supply Bow Thrusters for Canada’s New Polar Icebreaker
Steerprop has been chosen to supply advanced ice-classed bow thrusters to the Canadian Coast Guard’s new Polar Icebreaker. The ship will be designed and built by Seaspan Shipyards as part of Canada’s National Shipbuilding Strategy.Steerprop will equip the Polar Icebreaker with two arctic tunnel thrusters specially designed to meet the most demanding ice conditions, even without the protection of tunnel grids.
Coal Shipments to Advanced Economies Down 17%
“In the first 10 months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electricity produced using renewable energy rose. Also slowed economic activity and high energy prices affected electricity demand,” says Filipe Gouveia, Shipping Analyst at BIMCO.Between January and August, electricity production in advanced economies fell by 4% y/y, according to data from the International Energy Agency.
Angad Banga Elected Chairman of the Hong Kong Shipowners Association
Angad Banga of The Caravel Group was elected Chairman of the Hong Kong Shipowners Association at the organization’s annual meeting held on November 22, 2023.Banga succeeds Wellington Koo, of Valles Steamship, who stepped down after completing his two-year term as Chairman.Richard Hext of Swire Shipping was elected Deputy Chairman, succeeding Banga. Qian Weizhong of COSCO Shipping (Hong Kong) and Wang…
Petrobras to Invest $102 Billion in Next Five Years
Brazil's Petrobras will invest around $102 billion within the 2024-2028 period, the firm's new strategic plan showed on Thursday, representing a major boost in expected investments by the state-run oil company.The plan, the first released by the oil giant since CEO Jean Paul Prates took the helm of the company, includes investments in a range of different segments, with most of it going into oil exploration…
Eni to Invest $10 Billion in Ivory Coast Baleine Field
Eni will invest $10 billion in the development of the Baleine field offshore Ivory Coast, which will take place in three phases from 2023 to 2027, Energy Minister Mamadou Sangafowa Coulibaly said on Thursday.The Baleine field, where certified reserves are estimated at 2.5 billion barrels of oil and 3.3 trillion cubic feet of natural gas, was discovered in 2021 by the Italian energy group off the east coast of the West African country.The field's crude oil production should reach 200,000 barrels
Maritime Craft Services Expands Workboat Fleet with Damen's Multi Cat 2712
Damen Shipyards has delivered one of its Multi Cats to workboat specialist Maritime Craft Services (Clyde) Ltd. The 27-meter Multi Cat 2712 is a mid-range model in the 13-strong class and Damen builds them in series to meet the consistent demand for vessels of this size and capability, the Dutch shipbuilder said.Based on the Firth of Clyde on the west coast of Scotland, Maritime Craft Services (MCS) operates a fleet of 17 workboats, of which 13 have been built by Damen.
Hapag-Lloyd CEO Optimistic that Shipping Markets will Rebalance
Global shipping markets, which are due to add more capacity than anticipated demand will support, have a good chance of rebalancing within two years, the chief executive of Germany's Hapag-Lloyd told reporters on Thursday."The gap between supply growth and demand growth is possibly smaller than people think and therefore, the outlook that the market may recover to a more balanced situation in one or two years is better than most people feel," said CEO Rolf Habben Jansen.The company, the world's
Improving Propulsion Efficiency: Wärtsilä to Retrofit Ten Hafnia Tankers
Finland-based marine technology group Wärtsilä will supply its EnergoFlow and EnergoProFin solutions for ten Bird Class oil and chemical tankers owned by the Singapore-based global tanker operator Hafnia."The combination of the two Wärtsilä systems ensures an optimized waterflow over and after the propeller, thereby improving propulsion efficiency considerably. The order was booked by Wärtsilä in October 2023…
