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A Busy Eight Months for EU's First Electric Tug
BB ELECTRA, the first fully electric powered tugboat to operate in Europe, has been extremely busy since arriving in Norway on April 8, 2024, to start working for environmentally-friendly operator Buksér og Berging.Built by Sanmar Shipyards in Turkiye to the exclusive to Sanmar ElectRA 2200SX design from Canadian naval architects Robert Allan Ltd, this game-changing tug has already completed 81 towage operations during 835 running hours.Part of a project unveiled in 2021…
BIMCO's Shipping Number of the Week
Dry bulk contracting falls 70% below average amid low rates.“Over the past three months, dry bulk newbuilding contracting has been 70% below the yearly average. Declining freight rates in recent months, a cloudy outlook and high newbuilding prices contributed to the slowdown, and contracting in 2024 will likely fall short of 2023 levels,” says Filipe Gouveia, Shipping Analyst at BIMCO.Driven by healthy demand, the dry bulk market was strong throughout most of the first three quarters of 2024.
Panama Canal Battles Ongoing Drought
The lush river valleys of El Zaino y La Arenosa in western Panama, home to hundreds of families that eke out a living farming, fishing and raising cattle, could soon be submerged by a massive man-made reservoir designed to ensure the viability of the Panama Canal in the face of a changing climate.Tres Hermanas, with its farms, two schools, churches and a medical clinic, is one of dozens of towns that…
Singapore's MPA looks to scale up LNG bunkers
The Maritime and Port Authority of Singapore (MPA) has launched an expression of interest (EOI) to gather proposals for scaling up liquefied natural gas (LNG) for bunkering or ship refueling, it said in a statement on Thursday.The EOI seeks solutions for sea-based LNG reloading to complement existing onshore LNG bunkering storage and jetty capacities, as well as the supply of e-methane or bio-methane as a marine fuel in Singapore…
Woodside’s North West Shelf Project Gets Australian Gov’s Approval
The Western Australian Government has issued an environmental approval to Woodside and the North West Shelf joint venture for extension of the project.After six years of assessment and appeals, this is a critical step in the approvals process to underpin the ongoing operation of the North West Shelf Project so it can continue to deliver a reliable supply of energy locally and globally.The State’s decision recommences the Federal environmental approvals process…
Rongsheng Heavy Industries Restarts Business
The once bankrupt Chinese shipbuilder Rongsheng Heavy Industries has restarted business under the new name of Jiangsu New Rongsheng Heavy Industry.Rongsheng was previously the largest private shipbuilding company in China, and it owned four large docks, eight outfitting quays and two material quays. Its last vessel was delivered in 2017.Now, local media are reporting the yard has secured orders for eight dual-fuel LNG 11…
Trelleborg Acquires Mampaey Offshore Industries
Trelleborg Marine & Infrastructure, a provider of engineered polymer and technology solutions for the marine, infrastructure, and energy industries, has signed and finalized an agreement to acquire Mampaey Offshore Industries. The acquisition will significantly enhance Trelleborg's capabilities in the vessel berthing sector and expand its offerings for the marine industry. Mampaey, based in Dordrecht…
QatarEnergy Picks MOL-COSCO JV to Operate Six QC-Max Size LNG Vessels
QatarEnergy has selected the joint venture of Japan’s Mitsui O.S.K Lines (MOL) and China’s COSCO Shipping LNG Investment (Shanghai) (CSLNG) to own and operate six QC-Max size LNG vessels.The six vessels will be built in China by Hudong-Zhonghua Shipbuilding Group, a subsidiary of China State Shipbuilding Corporation (CSSC).These vessels are the last batch of the 128 LNG vessels in QatarEnergy’s historic ship building program…
Hycamite Advances Onboard Methane-Splitting System Development
Hycamite TCD Technologies, MOLEA, a subsidiary of Mitsui O.S.K. Lines, and MOL PLUS have signed a Memorandum of Understanding (MoU) promoting the application of methane-splitting for onboard power generation.With Hycamite’s technology, LNG-fueled ships can convert methane into hydrogen as they sail, and the solid carbon produced can be offloaded at the port of destination. If bioLNG is used, the solution can create a negative carbon footprint.Earlier this year…
Sembcorp Signs 10-Year LNG Supply Contract with Chevron
Sembcorp Industries has signed a Sale and Purchase Agreement (SPA) with Chevron’s Singapore branch to import up to 0.6 million tonnes of liquefied natural gas (LNG) year, starting from 2028.The LNG deliveries will take place over the course of 10 years as agreed by the companies.The SPA will further strengthen Sembcorp’s existing natural gas supply portfolio from diversified piped and liquefied sources globally.As a key natural gas importer for Singapore…
A Well-to-Wake-Up Call
This week at MarineLink…An Australian Prime Minister once famously (infamously) said: “Life wasn’t meant to be easy.”He could have been talking about the maze of IMO and EU regulations relating to new fuels, especially the concept of well-to-wake emissions.It’s not enough to have a clean-burning engine or even an onboard carbon capture system. Well-to-take emissions, upstream and out of the control of ship operators…
Has U.S. Shipbuilding Reached an ‘Atlas Shrugged’ Moment?
Each year, as we prepare for the largest U.S. based maritime industry conference in New Orleans, we tend to look back on the state of the industry and initiatives that were announced from the conference that took place the year before. 2023 provided us with plenty to talk about. In September of 2023, while the International Maritime Organization (IMO) and the global shipbuilding industry were fixated on “emissions” and alternative fuels, U.S.
US to Release LNG Study by Mid-December
The U.S. plans to issue a study on the environmental and economic effects of liquefied natural gas (LNG) exports by the middle of this month, a Department of Energy official said on Wednesday."We expect to release the final study ... by mid-December for a 60-day public comment period," Brad Crabtree, an assistant secretary at the DOE, told lawmakers at a House of Representatives hearing.The administration…
Seaspan Energy Completes First STS LNG transfer
Seaspan Energy (Seaspan) has successfully completed its first LNG ship-to-ship transfer to a containership in the Port of Long Beach.This operation marks the beginning of Seaspan’s service offering on the West Coast of North America with two LNG bunkering vessels to soon serve both the Long Beach and Vancouver markets. “Our first ship-to-ship LNG bunkering has been five years in the making and our…
Pakistan Pushes Qatar LNG Contract with Qatar for a Year
Pakistan has deferred its liquefied natural gas (LNG) contract with Qatar for a year, Petroleum Minister Musadik Malik said, adding that the country will now get LNG cargoes from Qatar in 2026 instead of 2025.Annual power use in Pakistan, which gets over a third of its electricity from natural gas, has declined 8-10% year-on-year over the past three quarters, the country's power minister told Reuters in November, primarily due to higher tariffs curbing household consumption.The South Asian natio
Poten & Partners addresses Rising LNG Terminal Costs
Rising costs of building and equipping new U.S. liquefied natural gas plants will reduce the competitiveness of U.S. gas exports, LNG analysts at Poten & Partners predicted on Tuesday.The Biden administration's export permitting pause likely will keep global LNG prices higher for longer, and benefit existing exporters, Poten said at its Global LNG Outlook conference.Jason Feer, Poten's business intelligence chief, also said that for the firms proposing new export plants along the U.S.
WinGD to Supply 16 Dual-Fuel Engines for Eight LNG Carriers
Swiss marine power company WinGD has received an order for 16 X-DF dual-fuel engines for eight liquefied natural gas (LNG) carriers, after a late-stage switch by a major ship owner.The order was received relatively late in the newbuilding planning phase as operational and delivery concerns arose around the engines originally selected, according to WinGD.Despite the timing, close collaboration with engine builder…
Seaspan Promotes Pechie, Penner to Leadership Roles
Effective January 1, 2025, Jordan Pechie has been appointed President of Seaspan Marine Transportation, succeeding Derek Ollmann, who assumes a new role as Chief Executive Officer of Transportation with The Washington Companies, following the planned retirement of Frank Butzelaar, the former Chief Operating Officer. “Both Derek Ollmann and Jordan Pechie have demonstrated exceptional leadership in transforming and re-imagining the business at Seaspan Marine.
Maersk Orders 20 Dual-Fuel LNG Ships
A.P. Moller - Maersk has signed agreements with three yards for a total of 20 container vessels equipped with dual-fuel LNG engines.Combined, the vessels have a capacity of 300,000 TEU.All 20 ships will be equipped with liquified gas dual-fuel propulsion systems and vary in size from 9,000 to 17,000 TEU. Two 9,000 TEU and six 17,000 TEU vessels have been ordered from Yangzijiang Shipbuilding, six 15…
Liquified Bio-Methane Bunkered in Rotterdam
The Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC) partners have conducted a successful pilot for the bunkering of mass-balanced liquefied bio-methane (LBM) at the Port of Rotterdam.A total of 100 tonnes of mass-balanced LBM was supplied by Shell to CMA CGM’s LNG-powered containership CMA CGM Tivoli.The LBM was produced from waste-based feedstock. Shell issued a Proof of Sustainability certificate for the LBM fuel, verifying its compliance with European Union regulations.