Hanwha Ocean Lands $500M Deal to Build Four Very Large Ammonia Carriers
Hanwha Ocean has secured an order worth approximately $500 million to construct four very large ammonia carriers (VLACs) for Greek shipping company Naftomar Shipping and Trading Co. Ltd. Inc (Naftomar). Each VLAC will be able to transport 93,000 cubic meters (cbm) of ammonia, a carbon-free fuel, making them the largest vessel of their class in the world, Hanwha Ocean. The vessels will be built at Hanwha’s…
Hapo Acquires 1,200-Ton Cranes from Cadeler's Wind Installation Vessels
Hapo International Barges has acquired cranes recently removed from Cadeler's Wind Orca and the Wind Osprey offshore wind installation vessels from Cadeler.These 1,200-ton cranes had to be replaced with even larger cranes for Cadeler to be able to install the next generation of wind turbines. The cranes are each capable of lifting 1200 t with a boom length of 115 m."For Hapo [this is] an excellent opportunity to further strengthen its position in the heavy-lift barge market.On November 1…
N-Sea Extends Braveheart Spirit Charter to 2025 End
Subsea services firm N-Sea said Thursday it had extended the long-term charter agreement for the vessel Braveheart Spirit until December 31, 2025.Since April 2022, N-Sea has had the vessel under full management and control. The vessel, formerly known as the DPSV Bourbon Gulf Star vessel, built in 2010, was acquired in 2021 by Braveheart Marine, converted and upgraded.The DP2 vessel has a carrying capacity of around 3…
Corvus Energy Names Fredrik Witte as New CEO
Corvus Energy, a Norway-based provider of battery energy storage solutions and fuel cell systems for maritime, offshore and port applications, has appointed Fredrik Witte as the new CEO, starting January 1, 2024. Until Witte starts, CFO Mette Rokne Hanestad will serve as the Interim CEO.Witte joins from his position as the Managing Director of Cargill Aqua Nutrition. Commenting on the new appointment…
ONE to Trial Wind-Assist Propulsion
Ocean Network Express (ONE) has launched a wind-assist propulsion trial in partnership with Dutch maritime wind-powered technology company Econowind.The companies are set to install two containerized wind-assist devices, known as VentoFoil containers, on the MV Kalamazoo. The 1,036 TEU feeder vessel operates between Pusan, Yokohama, and Honolulu, and is owned by NORSE UK and operated by Goodwood Ship Management…
Gulf of Mexico Oil Spill Shuts in Around 3% of Daily Output
Around 61,165 barrels of daily oil output from at least six producers, making up about 3% of crude oil production in the Gulf of Mexico, has been shut in by Third Coast Infrastructure's underwater pipeline leak, the U.S. Coast Guard said on Wednesday.The oil producers whose facilities are impacted include W&T Energy, Occidental Petroleum, Walter Oil and Gas, Cantium, Arena Offshore and Talos Energy Ventures, the Coast Guard said, citing the U.S.
AAL Publishes EU ETS Carbon Surcharge Guidance
AAL Shipping has claimed a first for becoming the first project heavy lift carrier to publish a carbon surcharge guidance to help its customers prepare for the increased costs related to forthcoming European Union regulations on carbon emissions.The move comes ahead of the extension of the EU Emissions Trading System (EU ETS) to cover the maritime industry, affecting shipping lanes between Europe and the rest of the world from January 1…
Marlink Releases Unified Threat Management Solution
Marlink has further strengthened its cyber security portfolio with the addition of CyberGuard Unified Threat Management (CyberGuard UTM) to secure its customers’ digital transformation strategies.CyberGuard UTM reflects the growth of cyber threats in the maritime industry and the need to protect people and assets across a broader range of digital solutions. In particular, the growth of new LEO and…
US Reviewing Possible 'Terrorist' Designations for Houthis Following Ship Seizure
The United States is reviewing "potential terrorist designations" for Yemen's Houthi rebel group in response to its seizure of a cargo ship, White House national security spokesperson John Kirby said on Tuesday.Kirby's comment was significant because one of the Biden administration's first acts after taking office in January 2021 was revoking terrorist designations of the Houthis over fears the sanctions they carried could worsen Yemen's humanitarian crisis.The Iran-backed Houthis…
BMT and Strategic Marine Partner on Crew Vessel Sustainability
U.K. headquartered naval architecture and marine engineering firm BMT is teaming up with Singapore-based shipbuilder Strategic Marine to drive the offshore wind crew vessel industry toward a more sustainable future.Under a new Long-Term Agreement (LTA), the partners will introduce emissions-reducing design solutions, specifically focusing on advancing the StratCat range of crew transfer cessel (CTV) designs.Martin Bissuel…
Maersk Enters Deal for Half a Million Tonnes of Green Methanol Annually
Maersk on Wednesday announced it had entered into the shipping industry's first large-scale agreement for green methanol from China's Goldwind, and said production of green methanol was high on the political agenda in China.Shipping industry leader Maersk is investing in green fuels to power its fleet as it strives to reach net-zero emissions by 2040, while the shipping industry, responsible for 3% of global greenhouse gas emissions…
MAN Engine Ordered for World's First Methanol-fueled VLCC
China Merchants Energy Shipping (CMES), the Shanghai-listed shipping giant and daughter company of China Merchants Heavy Industry (CMHI), has ordered an MAN B&W 7G80ME-LGIM (-Liquid Gas Injection Methanol) main engine in connection with the construction of a very large crude carrier (VLCC). The first such dual-fuel methanol order for the ship type, Dalian Shipbuilding Industry Co (DSIC) will construct…
Austal Delivers Samoa-bound Patrol Boat
Shipbuilding group Austal announced its Austal Australia division has delivered the 18th Guardian-class Patrol Boat (GCPB) to the Australian Department of Defense. The vessel, Nafanua III, was accepted by representatives from the Department of Defense and then gifted by the Australian Government, to the Samoa Police Service at a handover ceremony held at HMAS Stirling in Western Australia on Wednesday.Austal…
Meyer Werft Bags Its First Offshore Order
German shipbuilder Meyer Werft reports it has secured its first order within the growing offshore converter platform business.The Papenburg shipyard—part of the Meyer Group, known primarily for building cruise ships—will carry out the majority of the steel work for converter platforms for the DolWin4 and BorWin4 offshore connections as well as BalWin1 and BalWin2, all destined for the North Sea."This order is a milestone for us in our entry into the construction of converter platforms…
Offshore Wind: Marco Polo Marine, Vestas Pen Deal for Newbuild CSOV
SGX-listed Marco Polo Marine has signed a framework agreement with wind turbine maker Vestas, which finalizes the previous Memorandum of Understanding signed in December 2022 between its Taiwan-based subsidiary, PKR Offshore Co., Ltd and Vestas Taiwan Co., Ltd for the maiden deployment of its new Commissioning Service Operations Vessel (CSOV). According to Marco Polo Marine, the new CSOV, which can accommodate up to 110 people…
Finland-Estonia Gas Pipeline System to Get Bigger Capacity after Repair
The Balticconnector gas pipeline between Finland and Estonia, which was damaged last month, will get a bigger northbound transmission capacity next year following repairs, Finnish operator Gasgrid said in a statement on Wednesday.The increase will come from an enhancement of the Latvia-Lithuania interconnection, which allows for higher gas volumes to be transported around the Finnish-Baltic region…
NAVTOR Releases NavFleet Emissions Simulator
NAVTOR, an e-Navigation and performance technology provider to the maritime industry, said Wednesday it was aiming to simplify CII compliance with the latest release of its NavFleet ship operations platform. Featuring an advanced Emissions Simulator, designed to help shipping companies predict and optimize environmental impact and performance across entire fleets, NavFleet 1.8 delivers operational insights built on high-quality…
VIKING Launches Innovative Space-saving Lifeboats
VIKING Life-Saving Equipment, said Wednesday it was launching an innovative range of lifeboats and davits which set new standards for compact and lightweight lifeboat-based evacuation solutions. "By challenging traditional lifeboat design, the 40- and 52-person VIKING Norsafe Totally Enclosed Lifeboats (TELB) respond to a rising tide of industry demand for space- and weight-saving boats for typical crew capacities…
Shipbuilder Diverse Marine Launches Client Finance and Lease Program
U.K. shipbuilder Diverse Marine has introduced its own finance and lease program designed initially for the financed construction of offshore wind crew transfer vessels (CTV).Funding for offshore wind CTVs has been challenging, and the company said it has observed over the last 24 months pressures felt by clients and vessel owners trying to justify builds in the U.K., with conventional vessel procurement methods uncompetitive against yards in Europe…
Committed Owners Supporting Green Financing Landscape
Hamburg-based ship finance platform oceanis’s Q4 State of Ship Finance Report comes with a thank-you to shipping companies that are committed to the green transition.Over the past decade, oceanis has seen large changes to the ship financing landscape towards greener projects. The most obvious green financiers are the Poseidon Principles banks, the initiative launched in 2019 whose signatories manage 70% of the world’s shipping loans.
