Wind Assisted Propulsion Installed on Jumbo Jubilee
Two mechanical sails have been installed on board Jumbo's heavy lift vessel (HLV) Jumbo Jubilee. The wind assisted ship propulsion (WASP) solution is the latest in a series of innovative technologies installed to the vessel in a bid to boost fuel efficiency and cut carbon.Jumbo is committed to advancing sustainable heavy-lift shipping with innovative energy-saving and decarbonization initiatives across its fleet…
Genco Buys Eight-year-old Capesize Vessel for $47.5 Million
U.S. drybulk shipowner Genco Shipping & Trading Limited on Monday announced it has agreed to acquire a 2016-built 180,000 dwt Capesize vessel for a purchase price of $47.5 million.Genco said it expects to take delivery of the vessel, to be named the Genco Intrepid, from an undisclosed seller within the next 30 days. The company added that it intends to fund the acquisition with cash on hand and a drawdown from its revolving credit facility.John C.
UAE Operator’s AHTS Gets New Thordon Bearings in Offshore Replacement Op
Bronze bearings in the stern roller of the Anchor Handling Tug Supply (AHTS) Vessel ES Kestrel have been replaced with grease-free SXL bearings from Thordon Bearings while the vessel remained afloat and operational.The replacement was undertaken in May 2024 by Thordon’s Dubai-based distributor Ocean Power International (OPI) for the AHTS owner Echo Cargo & Shipping of U.A.E.While typically checked during routine drydocking…
Underwater Noise Reduction Guidance from BIMCO, ICS
BIMCO and the International Chamber of Shipping (ICS) have developed a guide which aims to help the shipping industry understand and reduce underwater radiated noise from ships and help the industry implement the underwater noise guidelines from the International Maritime Organization (IMO).The attention on underwater radiated noise from ships has significantly increased over the last few years and the demand for action has risen due to its effects on marine creatures and the environment.
Strategic Marine Delivers Fast Crew Boat for Brunei's Oil and Gas Sector
Singapore-based shipbuilder Strategic Marine has delivered the Amarco S1 fast crew boat to Amarco which will be put to long-term operation for Brunei’s oil and gas sector.The 42-meter Amarco S1 vessel is powered by triple Baudouin 12M26.3 engines coupled with ZF3050 gearboxes, capable of achieving speeds of over 28.5 knots.Additionally, it is designed to be future-ready, enabling the integration of…
Ship Recycling Market Continues “Dark Year”
For the second running week and on the back of firming Chinese plate prices last week, ship recycling markets felt some positive moves as local plate prices remain on a positive to firm footing across the board, reports cash buyer GMS.However, increasing magnification into local markets proved to be a reality check, says GMS, due to the ongoing lack of tonnage that has been typical of this “dark year” in ship recycling.“After the U.S.
Esgian Week 40 Report: TotalEnergies Sanctions New Development
Esgian highlights news from TotalEnergies in its Week 40 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesThe Norwegian Ocean Industry Authority (Havtil) has given Aker BP consent to use the 492-ft jackup Noble Invincible for production drilling on the Tambar Øst (East) field offshore Norway.TotalEnergies will resume exploration drilling in the Orange Basin offshore Namibia in the fourth quarter of 2024 with the Tamboti prospect…
IMO Finalizes Norwegian and Canadian ECA Designations
The IMO’s Marine Environment Protection Committee (MEPC) held its 82nd session from September 30 to October 4, 2024, with outcomes including the adoption of the Canadian Arctic and the Norwegian Sea as NOx, SOx and PM Emission Control Areas.The relevant MARPOL amendments will enter into force on March 1, 2026.DNV reports that for the Canadian Arctic:• The 0.10% fuel sulphur content requirement takes effect from March 1…
New Zealand Navy Ship Runs Aground and Sinks
A Royal New Zealand Navy vessel ran aground and sank off Samoa but all 75 crew and passengers on board were safe, the New Zealand Defence Force said in a statement on Sunday.Manawanui, the navy's specialist dive and hydrographic vessel, ran aground near the southern coast of Upolu on Saturday night as it was conducting a reef survey, Commodore Shane Arndell, the maritime component commander of the New Zealand Defence Force…
Billions in Lost Treasure: How Modern Technology Is Revealing Hidden Riches from the Depths!
Oceans worldwide hold untold riches hidden beneath the waves. Now treasure hunters are using cutting-edge technology to explore them, discovering some of history's most treasured sunken finds from Caribbean waters to Arctic depths rewriting maritime history and uncovering fortunes lost at sea.According to estimates by marine archaeologists and treasure hunting experts, the value of treasure lying beneath the waves could range anywhere between $60 billion to over $100 billion.
US Military Strikes 15 Houthi Targets in Yemen
The U.S. military said it carried out 15 strikes on Friday against targets linked to Iran-aligned Houthi fighters in Yemen, where residents reported blasts at military outposts and even an airport.Central Command, which oversees U.S. forces in the Middle East, said the targets were tied to Houthi offensive military capabilities, but did not detail whether that included missile, drone or radar capabilities.In a post on X…
Eastern Shipbuilding Cuts First Steel for New Fisher Island Ferry Vessel
Panama City, Fla. based shipbuilder Eastern Shipbuilding Group (ESG) on Friday announced it has officially cut first steel for the new Fisher Island Ferry, Falcon, at its Allanton Facility.The Elliott Bay Design Group-designed auto and passenger ferry will be constructed at ESG’s Allanton and Port St. Joe facilities and is expected for delivery in Spring 2026. The 152-foot (loa) vessel will have capacity…
US Port Strike Throws Spotlight on Big Union Foe: Automation
A strike by dockworkers on the U.S. East Coast and Gulf Coast that disrupted much of the nation's ocean shipping this week ended on Thursday, but a key issue driving labor unrest across the continent - the growing use of automation - was unresolved.Companies view automation as a path to better profit while unions see it as a job-killer. For North American dockworkers battling automation, Europe's port worker contracts may point a way to resolve the issue.Some 45…
Shipping Stocks Battered After US Port Strike Ends
Shares in shipping companies fell heavily in Europe and Asia on Friday after workers and U.S. port operators agreed a deal to end a strike on the East and Gulf coast docks far sooner than expected.In early trading in Europe, shipping group A.P.
AUKUS Experiment: Navies Control Ships from 10,000 Miles Away
The navies of Britain, Australia and the U.S. were able to control uncrewed ships in Australia while sitting more than 10,000 miles away in Portugal as part of a series of military experiments, Britain's Royal Navy said on Friday.The AUKUS security pact between the three nations, which aims to counter China's growing influence in the Indo-Pacific region, is helping bring new military technology to the frontline at an "unprecedented" pace…
Great Lakes Limestone Trade Up 9.4%
Shipments of limestone on the Great Lakes totaled 3.8 million tons in September, an increase of 9.4% compared to a year ago, according to latest figures from trade group the Lake Carriers’ Association (LCA). Limestone cargos were also above the month’s 5-year average by 4.5%.Loadings from U.S. quarries totaled 3.1 million tons, an increase of 10.6% from 2023. Shipments from Canadian quarries totaled 678…
Meyer Turku Floats Out Royal Caribbean’s Star of the Seas
Finnish shipbuilder Meyer Turku has floated out Star of the Seas, the second Icon-class cruise ship for U.S. cruise giant Royal Caribbean.The float out was celebrated at the Turku, Finland shipyard with an event that included the firing of a ceremonial cannon. The dry dock gates were opened, and the dry dock—measuring 16 meters deep, 80 meters wide and 365 meters long—was filled with water, a 9-hour process.
US Port Strike Leaves Huge Cargo Backlog In Its Wake
U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time.The strike ended sooner than investors had expected, weakening shipping stocks across Asia on Friday as freight rates were no longer expected to surge.At least…
U.S. Port Strike Settled— What happens next?
The International Longshoremen's Association (ILA) and United States Maritime Alliance (USMX) announced in an historic development for U.S. maritime industry that they had reached a tentative agreement which officially ends the longshoremen strike that had significantly disrupted East and Gulf Coast ports. After weeks of negotiation, the ILA secured a 62% wage increase over six years for its 47,000 members over this resolution; ending labor unrest that had brought critical U.S.
New Tug Delivered to KST Maritime in Singapore
KST Dragon, a RAmparts 2500-CL ship handling and escort tug, arrived in her home port of Singapore on September 11, 2024. The vessel will soon commence operations for KST Maritime, a subsidiary of Italian parent company MedTug SpA.The RAmparts 2500-CL design was developed by Canadian naval architecture firm Robert Allan, Ltd. in collaboration with builder, Cheoy Lee Shipyards of Hong Kong, and has been a successful series since 2018.
