Students to Demonstrate Potential of Liquified Hydrogen
The 2025 TU Delft Hydro Motion Team, a team of 25 adult students, has designed a hydrofoiling boat that will be powered by liquified hydrogen.Their project builds on the work of previous students at the Dutch university in a program dating back to 2005.The first TU Delft design was solar powered; it was changed to compressed hydrogen in 2021.The 2024 team focused on applying hydrogen fuel to a seaworthy vessel and made history as the first hydrogen-powered boat to cross the North Sea.The 2025 team’s boat will be entered in the Monaco Sea Lab 2025.
Delft Students Cross North Sea on Self-Built Hydrogen Boat
On July 11, 2024, Dutch students from the TU Delft Hydro Motion Team arrived in Ramsgate with their self-built hydrogen boat, becoming the first to cross from the Netherlands to England with a fully hydrogen-powered vessel, making the nearly 169-km journey across the North Sea on a single tank.Read more about the future of Hydrogen in the maritime space in our inteview with Roy Campe, CTO, CMB.TECH in the January 2024 edition of Maritime Reporter & Engineering News.The teams first attempt to make the crossing on July 9…
Marine Electrification Companies Vita and Evoy Merge
Electric marine technology companies Vita and Evoy announced they are merging to consolidate their positions in high-power electric marine propulsion in both commercial and recreational markets.In coming together, the companies said they plan to leverage scale to drive down prices for the end user, fast tracking development, and providing immediate access to territories across Europe and North America with active operations in the U.K., Norway, France, Italy, Monaco and California.Evoy’s high-output inboard and outboard systems are currently in operation in 19 countries…
Bluestone to Supervise Construction of Prysmian's Two New Cable Layers
Bluestone Group, a maritime technical services company, has secured a contract for plan approval and site supervision of two new cutting-edge cable-laying vessels operated by Prysmian.The two new cable-laying vessels, the first of which is under construction and the second under design, will reinforce Prysmian’s submarine project execution capabilities.The first vessel, which will be an evolution of Prysmian’s preceding vessel, Monna Lisa, is being built by the VARD Group, a subsidiary of the Fincantieri Group.With a length of approximately 190 meters and a breadth of about 34 meters…
Rear Admiral Peter Brady Retires from Maritime Authority of Jamaica
Maritime Authority of Jamaica’s Director General, Rear Admiral (ret’d) Peter Brady, has retired, with the position being accepted by Bertrand Smith, formerly the MAJ’s Director of Legal Affairs.Brady has served in this role since the Maritime Authority’s inception in 1999.As Director General, he was primarily responsible for elevating Jamaica’s maritime status regionally and globally. He spearheaded several major initiatives by the MAJ including the development of Jamaica as a shipping hub with attendant services such as bunkering and drydocking…
Safe Bulkers Sells Two Vessels
Dry bulk shipowner Safe Bulkers on Wednesday announced it has reached deals to sell two of its vessels to undisclosed buyers.Through separate agreements, the Monaco-headquartered company will sell the 2010-built 92,000 dwt Post-Panamax Panayiota K at a gross sale price of $20.45 million and 2011-built 75,000 dwt Panamax Paraskevi 2 at a gross sale price of $20.3 million.The ships are scheduled to be delivered to their new owners in April and July 2024 respectively.Dr. Loukas Barmparis…
Scorpio Sells 2013-built Tanker for $32.5 Million
Scorpio Tankers announced it has sold a medium range (MR) product tanker for $32.5 million.The Monaco-headquartered shipowner said the sale closed this month, but did not disclose the buyer.The vessel is the 183-meter-long STI Ville, built in 2013 by South Korea's Hyundai Mipo Dockyard.Scorpio noted that the ship is unencumbered and that it will make no debt repayments associated with the sale.Scorpio Tankers currently owns, lease finances leases or bareboat charters-in 112 product tankers, including 39 LR2 tankers, 59 MR tankers and 14 Handymax tankers.
Marinetrans jois TU Delft Hydro Motion Team
Supporting hydrogen propulsion and foiling technologies development to reduce emissionsLogistics provider Marinetrans is now partner of the foiling hydrogen boat project of Delft Technical University. Together with other maritime companies Marinetrans now supports this diverse team of students to compete with a foiling hydrogen-power boat in the Monaco Energy Boat Challenge, a project to exhibit viable sustainable propulsion solutions.At Marinetrans, several emission-reduction schemes are currently unfolding…
Scorpio Exercises Purchase Option for Six MR Tankers
Monaco-headquartered shipowner Scorpio Tankers said it has exercised its options to buy back six MR product tankers from China's CMB Financial Leasing Co., Ltd.Scorpio had sold the six ships to CMB in 2018 and leased them back on eight-year bareboat charters with options to buy after four years.The vessels are the STI Battery, STI Milwaukee, STI Tribeca, STI Bronx, STI Manhattan and STI Seneca, all 49,990 dwt and built in 2014 and 2015.New York-listed Scorpio, which announced the move in its fourth-quarter update, said the leases bear interest at LIBOR plus a margin of 3.20% per annum and that the buybacks will reduce its debt by $99 million.The deal is expected to close before the end of 2022, Scorpio said.
Superyacht Delivered for NBA Star Tony Parker
Infinity Nine, the second of the Kando series of contemporary explorer yachts from AvA Yachts was delivered to its owner NBA basketball star Tony Parker in early November.Atilla Küçükdiker, chairman and founder of AvA Yachts, said, “It is a proud and happy day that we as AvA Yachts team have delivered Infinity Nine! We describe our Kando series yachts as contemporary explorers and Infinity Nine really is a superb demonstration of both contemporary style, inside and out, and superb exploration potential with class-beating efficiency…
Canada Sees West Coast LNG Revival as World Scrambles for Gas
Canada is taking a second crack at developing a liquefied natural gas (LNG) export industry on its west coast a decade after soaring costs and indigenous opposition derailed a previous wave of proposed LNG terminals.This time, companies are focusing on smaller west coast projects they bet will be cheaper and faster to build."Smaller project are easier to manage, especially in Canada," Enbridge chief executive Al Monaco told Reuters in an interview. "The need for global LNG is clearer now than it was before, we're getting a second chance and I hope we don't blow it this time.
Dales Marine Appoints Gray Chief Naval Architect
Dales Marine announced the appointment of David Gray as Chief Naval Architect, bringing the business a wealth of experience in ship and yacht design.Gray's areas of specialties cover the design and development of new vessels and conversions, including ships and floating structures, large yachts, and small commercial vessels such as workboats, dredgers, fast ferries, and other special service craft. In addition, Gray's has a keen interest in electric propulsion, hydrofoils, roll stability and stabilizers…
France Seizes Yacht Reportedly Belonging to Rosneft Boss Sechin
French customs have seized a yacht belonging to Rosneft boss Igor Sechin as it tried to leave the Mediterranean port of La Ciotat in a breach of EU sanctions on Russian oligarchs, Finance Minister Bruno Le Maire said.The move came as western states are implementing massive sanctions, including asset freezes, against Russia for invading its neighbor Ukraine. A separate nearly $600 million luxury yacht owned by Russian billionaire Alisher Usmanov has also been seized, by German authorities, Forbes reported. The 88-meter "Amore Vero" arrived in La Ciotat on Jan.3 and was due to stay there until April 1st for repairs, the finance ministry said in a statement…
ABB Secures $27M Order to Equip Eneti's WTIV Duo
ABB has secured an order of around $27 million to supply Eneti’s two newbuild vessels with advanced power, automation, and control systems for improved safety and performance.The two $330 million wind turbine installation vessels (WTIV) will be delivered to Monaco-based offshore wind construction player Eneti Inc. from the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) in Q3 2024 – Q2 2025.The vessels will feature advanced power, automation and control systems, real-time performance analytics and electric propulsion from ABB.
Monaco Fire/Rescue Boat Features Smartgyro Stabilization
Italian boat builder High Tech Marine (HTM) is constructing a new firefighting and rescue patrol boat for operation in the harbor waters and along the Monaco coastline.Commissioned by the Monaco Government, the vessel will be delivered by September 2022 and enter service immediately, enabling the region’s Corps des Sapeurs-Pompiers to provide firefighting and rescue services in the Principality's ports and along a coastal zone which may include the surrounding French territorial…
Costamare Orders Eight New Containerships, Buys Seven Secondhand Bulkers
Shipowner Costamare Inc. announced it has ordered eight newbuild containerships and acquired seven secondhand bulk carriers.The Monaco-headquartered company said Thursday it signed contracts with an unspecified Asian shipyard for two 13,000 TEU capacity newbuilds and exercised options under a previous agreement for two more of the same capacity plus four additional 15,000 TEU capacity vessels. Each of the ships will commence long-term charters with a "leading liner company" upon scheduled delivery between the third quarter of 2023 and first quarter of 2024.Gregory Zikos…
Shooting the Messenger? Shipping Carries the Can as Investors Shun Coal
Shipping companies that transport the world's coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest fossil fuel.In a sign of investors taking the initiative, six European firms collectively representing over 5% of the estimated annual $16 billion capital financing requirements of the dry bulk industry told Reuters they were either reducing their exposure to vessels that…
WISTA International Elects New Board members
The Women’s International Shipping and Trading Association (WISTA) executive committee held its election for three executive positions during their International AGM on October 13. The AGM was hosted in Hamburg alongside a conference that is taking place today and Friday.Connie Roozen, WISTA Netherlands, retains her position as treasurer for another term, whilst two new members were elected as Executive Committee members, Sofia Fu¨rstenberg Stott, WISTA Sweden and Nazli Selek…
Ørsted, ATP Picks Leading Contractors for Danish Energy Island Bid
Denmark-based offshore wind developer Ørsted and ATP, Denmark’s largest institutional investor, have teamed up to bring leading offshore construction specialists to Denmark to support their bid for the North Sea energy island.Back in February, Denmark approved the construction of the first of its kind wind energy hub in the North Sea that promises to produce yet unseen amounts of green electricity, in what has been described as the largest construction project in Danish history.The…
VIDEO: Dutch Cargo Ship Adrift Off Norway after Crew Evacuated in Stormy Weather
The crew of a Dutch cargo ship was evacuated in stormy weather off the coast of Norway late on Monday, leaving the abandoned vessel adrift and in danger of sinking and causing an oil spill, local authorities said on Tuesday.Footage released by the Norwegian Rescue Coordination Centre showed some of the 12 crew members jumping into the ocean from the badly listing Eemslift Hendrika before being rescued by helicopter. Others were hoisted directly from the deck.All were brought to safety…
IMO-led Meeting Addresses Dumping at Sea
Preventing pollution from dumping of wastes at sea relies on global frameworks, regional conventions and protocols and national regulations, the UN's shipping agency, the International Maritime Organization (IMO) said. To be effective, these need to be aligned and implemented effectively. This was the subject of a March 2 meeting organized by IMO's Office of the London Protocol and Ocean Affairs (OLCP&OA) and UNEP/MAP.The meeting was attended by Barcelona Convention Contracting Parties…
Scorpio Bulkers Sells Two Ultramax Vessels
Scorpio Bulkers, Inc. announced Wednesday that it has entered into agreements with an unaffiliated third party to sell two 2017-built Ultramax bulk carriers for approximately $34 million as the dry bulk shipping company continues its transition to offshore wind services.The ships, SBI Phoenix and SBI Samson, are expected to be handed over to the unnamed buyer in the fourth quarter, Scorpio said. Both vessels were built at China's Chengxi Shipyard.The bulk carriers are the fourth and fifth Scorpio has sold since its August announcement revealing plans to enter into a shipbuilding contract with South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) to build a wind turbine installation vessel for delivery in 2023, with options to build three further similar vessels.
Scorpio Bulkers Tries Wind in Hunt for Returns
Scorpio Bulkers, a major ocean transporter for the dry commodities industry, is tapping into increasing demand for renewable energy with an investment in the logistics of offshore wind farms, the group's chief executive said.The Monaco-headquartered company will invest between $265 to $290 million in a vessel that can install offshore wind turbines, Emanuele Lauro, chairman and CEO, told Reuters, part of a strategy to begin to diversify the group away from the transport of dry…