LR and SHI Join Forces for Green Ammonia FPSO System
Lloyd’s Register (LR) has signed a memorandum of understanding (MoU) with Samsung Heavy Industries (SHI) for the joint development of a floating production, storage, and offloading (FPSO) system for green ammonia. The FPSO process has been widely used in the oil and gas industries, but its application for ammonia is relatively new. The unit will use renewable energy to provide power for electrolysis of seawater to produce green hydrogen…
Harren Group Opts for VESPER Performance Management Platform for Its Fleet
Vessel Performance Solutions, a subsidiary of Ascenz Marorka, GTT Group’s smart shipping arm, has announced that Harren Group, a family-run shipping conglomerate, has selected VESPER as its performance management platform for 30 vessels of their fleet.VESPER, Vessel Performance Solutions’ advanced performance management platform, enables comprehensive monitoring through data processing and automated reporting.Under the contract…
Fincantieri Lifts Full-Year Revenue Outlook to Above $8.43B
Italian shipbuilder Fincantieri on Thursday raised its full-year forecast on revenue to "above" 8 billion euros ($8.43 billion), from "about" previously indicated, boosted by all business segments.The Trieste-based vessel maker reported a nine-month core profit (EBITDA) a 19% rise to 328 million euros, while its January to September revenue stood at 5.58 billion euros, up 3.7% yearly.Fincantieri's nine-month order intake totalled 8.5 billion euros, more than double the orders acquired in the sam
France's First Hydrogen-Electric Powered Fishing Training Vessel Ready to Set Sail
The LPMA: Maritime and Aquaculture Professional School of Bastia will on November 15, 2024, inaugurate France's first hydrogen-electric powered fishing training vessel, dubbed Alba, which was designed by a MAURIC-led consortium.Alba vessel has been specifically designed to include fishing training capabilities such as longline and seine techniques.The vessel can accommodate up to 12 students and 2 instructors (crew).With an overall length of 19.95 meters…
Cargotec to sell MacGregor to Triton for Over $500M
Finnish engineering firm Cargotec said on Thursday it would sell its cargo handler business MacGregor to European private equity firm Triton in a deal valued at 480 million euros ($506 million), including debt.The deal would be pursued to help its on-road load handling business, Hiab, operate as a standalone business, Cargotec said, adding that its CEO Casimir Lindholm would step down and be replaced…
Mitsubishi Shipbuilding Christens LNG RORO
Mitsubishi Shipbuilding has launched the Trans Harmony Emerald, the second of two LNG-powered roros under construction for Toyofuji Shipping.The ship's handover is scheduled for June 2025 following completion of outfitting work and sea trials. The Trans Harmony Emerald will then serve on shipping routes in Asia.The vessel is approximately 195 meters in overall length, approximately 30.6 meters in breadth, and has gross tonnage of approximately 49,500.
New Monitoring System Boosts Safety of Reduced Iron Transport
NYK Line and MTI have filed a patent application for a technology that monitors the transport of reduced iron on bulk carriers.Reduced iron is attracting attention because it does not require coke in the manufacturing process, a benefit for decarbonization of the industry. The demand for transport by sea is expected to increase, but there is a need for appropriate cargo management on board ships to prevent overheating…
Proponents Disagree on Potential of Australian Live Sheep Trade
Former live export veterinarian and animal welfare advocate Dr Lynn Simpson has joined the debate on the future prospects of Australia’s live sheep trade that was sparked by industry veteran and veterinarian Dr Tony Brightling. The official industry body for the trade sees the future differently.Australia legislated a ban on the live export of sheep by sea from 1 May 2028 over animal welfare concerns…
Book and Claim Registry Launched
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) and RMI (formerly Rocky Mountain Institute) are launching Katalist, a not-for-profit ‘book and claim’ registry designed to accelerate the shipping industry’s decarbonization journey.Regulations to reduce the carbon intensity of the marine industry are being introduced by both the EU and the IMO. Katalist aims to accelerate the process…
Seatrium Launches Digital Learning Lab
Seatrium and the Institute of Technical Education (ITE) in Singapore have inaugurated a Digital Learning Lab.The ITE-Seatrium Digital Learning Lab is designed to be a leading educational and innovation hub for the marine and offshore energy industry.By providing a dynamic and immersive learning environment for students, the Lab features practical skills development in energy and engineering, technological…
HX Launches Education Program for Antarctic Passengers
HX (formerly known as Hurtigruten Expeditions) has partnered with the University of Tasmania, Australia, and its Institute for Marine and Antarctic Studies (IMAS) on a training program for Antarctic cruise passengers.For the first time, HX’s guests and expedition teams will have the opportunity to explore Antarctic and polar science with world-leading researchers in a university-developed program that…
GE Vernova Probe Finds Corners Were Cut
GE Vernova’s offshore wind turbine manufacturing plant has fired or suspended several workers in Quebec after a company investigation found they took shortcuts on quality control, sources familiar with the matter told Reuters.GE Vernova launched the probe at the factory in Gaspe, Quebec, after one of the 107-meter-long turbine blades it made shattered at the Vineyard Wind project off the coast of Massachusetts in July.
Singapore Bunker Sales Hit Nine-Month High
Sales of marine fuel at Singapore rose to a nine-month high in October, led by an increase in container throughput and vessel calls for bunkering, data from Maritime and Port Authority of Singapore showed on Thursday.Bunker sales at the world's largest vessel refueling hub totaled 4.88 million metric tons in October, up 11% both month-on-month and year-on-year, the data showed.Total vessel calls for bunkering rose 5.7% from September to 3,452 in October, while container throughput firmed 6.5% to
Japan and South Korea Join US Naval Drill
U.S., Japanese and South Korean naval forces exercised together in East Asian waters on Thursday in their most complex and final joint drills before President Joe Biden hands over one of his signature national security initiatives to Donald Trump.Led by the USS George Washington carrier and its jet fighters, the Freedom Edge naval exercise in waters south of the Korean peninsula and west of Japan's…
Hapag-Lloyd, Maersk Cooperation Readies for Bookings
Container shipping firm Hapag-Lloyd and sector peer Maersk expect to open bookings in two weeks for their new Gemini cooperation starting in Feb. 2025, Hapag chief executive Rolf Habben Jansen said in a call with analysts on Thursday."We will take bookings in early December and have 10 weeks to go for start of operations," he said on a presentation for nine-months earnings. "We are confident that we are off to a good start."The tie-up…
Germany Rejects Russian LNG Shipment
Germany has refused to allow a Russian LNG shipment at the Brunsbuttel terminal in northern Germany in line with Berlin's policy not to import LNG from Russia, industry sources said on Thursday.The Financial Times reported earlier on Thursday that Germany's economy ministry BMWK had instructed the Deutsche Energy Terminal not to accept any deliveries of Russian LNG after the company informed Berlin…
Danelec and NAVTOR Partner Up for New Digital Logbook Solutions
Danish maritime digitalization scale-up Danelec and supplier of innovative e-navigation and vessel performance software NAVTOR have teamed up to advance maritime operations digitalization with the integration of high-frequency data collection and digital logbook solutions.The latest collaboration brings together Danelec's high-frequency data collection infrastructure, Danelec Collect, with NAVTOR's enhanced Digital Logbook solution…
Hapag-Lloyd Expects Shipping Volume Uptick to Continue
Hapag-Lloyd's CEO said on Thursday he expects continued strength in container shipping volumes, which are driven by global demand for transporting goods and seen as a proxy for trade and a health barometer for the world economy.The volume of twenty-foot equivalent (TEU) containers moved by its 292 ships rose to 9.3 million metric tons in the nine months from January to September, up 5% from 8.9 million in the same period a year ago…
UK Port Puts Zelim’s SWIFT Man Overboard Recovery System to Trials
The UK’s Milford Haven Port Authority (MHPA) has retrofitted Zelim’s SWIFT man-overboard recovery conveyor to a 19-meter pilot vessel as part of a three-month trial to assess the system’s capability in high sea states.The Port of Milford Haven, located in Pembrokeshire in Wales, frequently endures high sea states due to its geographical location and exposure to Atlantic swells.Installation of SWiFT…
Olympic Takes Delivery of Second CSOV from Ulstein
Norwegian shipowner Olympic has taken delivery of Olympic Notos, the second of two Construction Service Operation Vessels (CSOVs) built by Ulstein.The vessel is based on the SX222 design, and has now joined its sister vessel Olympic Boreas.The Olympic Notos was developed in close partnership with Ulstein, incorporating the TWIN X-STERN design and hybrid power solutions to reduce fuel consumption and emissions.This innovative design enhances operability and stability…
