Ship Recycling Fundamentals Remain Shaky
Global ship recycling fundamentals remain shaky, reports cash buyer GMS, as Indian and Pakistani steel plate prices reported unexpected moves bought on by the 30% tariffs levied on a variety of goods being imported from China.In addition, the U.S. Dollar continues to ābelly danceā around the various recycling nation currencies reporting the (comparatively) worst week for the Bangladeshi Taka as theā¦
Vesselās Second Conversion Saves CO2 Emissions
Green Yard Kleven has completed the conversion of an 80-meter walk-to-work vessel into a cable lay and repair services vessel for NTT, one of the largest telecommunications companies in Asia.The ship was originally built as an MT6007 seismic vessel but was later converted into a walk-to-work vessel for offshore wind.The Vega II is now under contract for cable work in Asian waters. It will replace theā¦
Esgian Week 38 Report: Contracting has Slowed
Esgian has no rig contracts to announced but provides an update on rig moves and drilling operations in the US Gulf of Mexico, Canada, Morocco and Norway in its Week 38 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesExxonMobil has abandoned the Persephone C-54 well on EL 1169 in the Orphan Basin offshore Newfoundland, Canada.Seadrillās 12,000-ft drillship West Neptune has resumed drilling operations on LLOGās Who Dat South exploration well in the US Gulf of Mexicoā¦
Yacht Fire Triggers Oil Spill in California
Cleanup efforts are underway after a 105-foot yacht caught fire, capsized and spilled oil in Marina del Rey, Calif., the U.S. Coast Guard said.The motor yacht The Admiral reportedly went up in flames around 8:30 p.m., Wednesday, and a crew from Los Angeles County Fire Department was able to extinguish the fire. No injuries were reported.By Thursday morning, the yacht was discovered to be discharging red-dye diesel.
Families of Workers Killed in Baltimore Bridge Tragedy Sue Dali Owner, Operator
The families of the six workers who died in the March collapse of the Francis Scott Key Bridge in Baltimore filed lawsuits on Friday against the owner and operator of the cargo ship that struck the bridge.The lawsuits filed in Maryland federal court by the families of Carlos Daniel Hernandez Estrella, Alejandro Hernandez Fuentes, Miguel Angel Luna, Dorlian Ronial Castillo Cabrera, Maynor Yasir Suazo Sandoval and Jose Mynor Lopez seek unspecified damages from the registered owner of the shipā¦
HavocAI Raises $11 Million in Seed Funding
HavocAI Inc., a Providence, R.I. based developer of autonomous uncrewed surface vessel (USV) technology, announced it has closed an $11 million Seed round of funding.The round was led by Scout Ventures, co-led by Trousdale Ventures, and saw additional participation from Outlander VC, The Veteran Fund, BV.VC, Decisive Point, Alumni Ventures, and New North Ventures.HavocAI develops low-cost USVs andā¦
Containership Dali Leaves US for Chinese Repair Yard
The containership Dali has departed U.S. waters en route to a Chinese repair yard nearly six months after the vessel struck Baltimore's Francis Scott Key Bridge, triggering its deadly collapse.The Singapore-registered ship, which had been moved from Baltimore to Norfolk, Va. in June for initial repairs, will undergo more extensive repair work at a yard in Ningbo, China. Dali departed Norfolk on Thursday without cargo and under escort from the U.S. Coast Guard and a trio of tugboats.
Coastal Contracts Orders Subsea Support Vessel Pair in China
Malaysian shipowner Coastal Contracts Bhd on Thursday placed an order with Chinese shipbuilder Fujian Funing Shipbuilding Heavy Industry, a subsidiary of Fujian Shipbuilding Industry Group, for a pair of 85-meter subsea support/maintenance vessels.The vessels, each with 22-meter beam, 8-meter depth and 6.2-meter structural draft, will primarily support subsea maintenance, pipeline installation, marine cable laying and submarine resources exploration.The ships will be classed by ABS and meet the
Spliethoff Acquires Majority Stake in ForestWave
Spliethoff Group announced it has acquired a majority interest in ForestWave, making the fellow Dutch shipping company its seventh business unit effective September 30. With this expansion, Spliethoff Group's fleet of commercially operated vessels grows to more than 140.On behalf of the Executive Board of Spliethoff Group, CFO Ingmar Bras and CCO Michael van den Heuvel emphasized the importance of this step: "After so many years of constructive and pleasant cooperation with ForestWaveā¦
ABS Grants Approval for Wison's New FLNG Design
A new design for a 268-meter floating liquefied natural gas (FLNG) facility from Wison New Energies received approval in principle (AIP) from classification society ABS.The unit is designed to perform offshore and at-shore with an expected production capacity of 1.2 million tonnes per annum (mtpa). ABS completed design reviews based on class and statutory requirements.āABS offers world-class engineeringā¦
Russia's Seaborne Oil Product Exports Dip
Russia's seaborne oil product exports in August fell to 9.074 million metric tons, down 2.3% month on month, data from industry sources and Reuters calculations showed.Russia's offline primary oil refining capacity for August at 2.95 million tons was up from July's level by some 3%, according to Reuters calculations based on data from industry sources.Total oil product exports via the Baltic ports of Primorsk, Vysotsk, St.
Brokers Launch Port Disruption Insurance Amid Shipping Chaos
Broker Marsh and Lloyd's underwriter Tokio Marine Kiln (TMK) have set up business interruption insurance for ports to provide cover against growing trade disruption risks such as threats to shipping in the Red Sea, executives involved said.Ports across the globe are dealing with multiple issues that are disrupting flows of goods, including attacks by Yemen's Houthis on commercial shipping as well asā¦
Antigua-flagged Vessel Damaged in Russian Attack
A Russian missile strike has damaged infrastructure and an Antigua-flagged civilian vessel in the Ukrainian port of Odesa, the regional governor said on Friday.Four people were wounded in the airstrike, Governor Oleh Kiper said on the Telegram messaging app."Debris from, according to preliminary assessment, an Iskander-M missile, damaged port and civilian infrastructure, as well as a civilian ship flying the flag of Antigua," Kiper said.The Iskander-M is a ballistic missile which flies at severa
Bardex, Von Schmidt Maritime Team on U.S. Drydocks
Bardex, which provides solutions for marine-based heavy lifting, transfer, and restraint has teamed up with Von Schmidt Maritime to provide the U.S. with dry dock Solutions. Von Schmidt, located in Baltimore, MD, are Maritime Consultants and Naval Architects providing shipyard professional services.
Damen Starts Building Support Vessels to Fill Rising Demand in Gulf Region
Damen Shipyards has started construction of three shallow draft multi-purpose support vessels at its shipyard in the United Arab Emirates, in anticipation of an increase in offshore and dredging activity in Arabian Gulf region.The initial program will be comprised of a 27-metre Multi Cat 2712 for delivery in November 2025, a 33-metre Multi Cat 3313 SD (shallow draft) for delivery in December 2025,ā¦
Cadmatic Names Detlef Schneider CEO
Cadmatic, a developer of digital 3D-based design, engineering and information management software solutions, announced it has appointed Dr. Detlef Schneider as its new CEO effective from October 7. 2024. Schneider will succeed Jukka Rantala, who has led Cadmatic for 23 years.Schneider brings years of experience in various roles within the engineering software business, having held leadership positionsā¦
MOL Invests in US e-Methanol Producer
Mitsui O.S.K. Lines (MOL), through its wholly-owned subsidiary MOL Clean Energy US, has invested in HIF Global, a company developing and operating synthetic fuels (e-fuels) projects, including e-methanol which can be used as an alternative marine fuel for decarbonization of shipping industry.HIF has a production target of about 4 million tons per year of synthetic fuel (e-fuel) and synthetic methanolā¦
GTT Lands Tank Design Order for Six Ultra Large Ethane Carriers
French engineering company GTT has received an order from its partner Jiangnan Shipyard (Group) for the tank design of six Ultra Large Ethane Carriers (ULEC), on behalf of ship-owner Eastern Pacific Shipping.GTT will design the tanks of these unique ULEC, which will each offer a capacity of 150,000 m3, the largest ever to be built for ethane transport.The tanks will be fitted with the Mark III membrane containment system developed by GTT.
Floating Wind Industry Achieves āWorldās Firstā Offshore Generator Exchange
A group of industry specialist companies has achieved a world first for the wind industry, with a major component exchange (MCE) being performed on an offshore floating wind turbine while it remained on site at the Scottish Kincardine offshore wind farm, located south east of Aberdeen.The new, more cost-effective, process was delivered through a collaboration of technologies and expertise from LiftOffā¦
Crewmember Goes Missing From Canadian Coast Guard Vessel
The Canadian Coast Guard has called off a search for a crewmember believed to have gone overboard from one of its icebreaker vessels off Newfoundland's northeast coast. The CCGS Vincent Massey crewmember, who was reportedly last seen aboard the ship on Sunday evening, was reported missing at 8:15 a.m. on Monday when the vessel arrived in St. John's.An "extensive" search involving Canadian Coast Guard vessels, aircraft and vessels from other federal sources was launched but proved unsuccessful.
