Maritime Industry Top News
Norwind Offshore Takes Delivery of Vard-Built CSOV
Norwegian shipbuilder Vard has delivered a newbuild Commissioning Service Operation Vessel (CSOV) to Norwind Offshore, which has been named Norwind Helm.The vessel naming ceremony was held in Ålesund on November 15, 2024, marking the fifth vessel delivery from Vard to Norwind Offshore, a company that offers specialized vessels designed for advanced maritime operations in the development and service…
Ship Recycling Activity Increasing After Low Year
As the effects of Donald Trump’s victory continues to reverberate globally, the U.S. economy continues to strengthen on the news that the country is opening up offshore drilling in order to further reduce American dependence on foreign oil, reports cash buyer GMS.“As the U.S. economy continues to strengthen and the U.S. Dollar firms against nearly all recycling destination currencies (including China…
Call for Release of Galaxy Leader Crew on Seizure Anniversary
November 19 marks the one-year anniversary of the seizure of the crew of the car carrier Galaxy Leader by Yemen’s Houthis, with the International Chamber of Shipping renewing calls for their release.Guy Platten, Secretary General of the International Chamber of Shipping, said: “It seems incredible that a year has passed, and the crew of the Galaxy Leader are still being held hostage. Innocent seafarers…
Winners of CMA CGM Startup Awards Announced
The CMA CGM Group has announced the winners of its first CMA CGM Startup Awards.The international competition, organized in partnership with BFM Business, La Tribune and ZEBOX, attracted over 400 entries from innovative startups. 60 finalists, including 34 French startups, were selected to present their projects. Among the finalists were five startups supported by ZEBOX, the international innovation gas pedal initiated by Rodolphe Saadé.The solutions presented…
AME Renews Partnership with Fluke Reliability, Pruftechnik Group
US-based engineering company Advanced Mechanical Enterprises (AME) has renewed its partnership with Fluke Reliability and Pruftechnik Group and is their official sales representative for Florida, Georgia, North and South Carolina under the leadership of Jorge Garcia.Pruftechnik offers precision alignment and condition monitoring technology, and Fluke, known for its diagnostic tools, aligns with AME’s…
Conrad Industries' Income Jumps After Lawsuit Judgement
Louisiana-based Conrad Industries announced a net income of $7.5 million for the quarter ending September 30, 2024.This compared to a $3.2 million loss during the third quarter of 2023. The company had net income of $11.2 million for the nine months ended September 30, 2024 compared to net loss of $14.1 million for the nine months ended September 30, 2023.The increase in net income is primarily due…
Peter Melander Appointed President of Almaco EPC Division
Almaco Group has appointed Peter Melander as President of its newly renamed Engineering, Procurement & Construction (EPC) Division, previously known as the Accommodation Systems Division.With the cruise modernization market booming, Almaco is placing increased emphasis on major conversions and modernizations of complete hotel areas on passenger ships. This has driven the renaming and new strategic focus of Almaco’s EPC Division.Melander joins Almaco from his previous role at Alandia Engineering…
Japanese Troops to Train in Australia
Japanese troops will begin regular deployments in northern Australia as part of military cooperation with Australia and the U.S., Australia's Defence Minister Richard Marles said on Sunday.Around 2,000 U.S. Marines are already hosted in Darwin, the capital of the Northern Territory, for six months of the year amid growing concern among Washington and its allies about China's growing military power…
Nigeria and India Forge Deeper Maritime Security Ties
Nigeria and India on Sunday agreed to deepen collaboration in maritime security, intelligence and counter-terrorism during a state visit to the West African country by Indian Prime Minister Narendra Modi.Modi is the first Indian premier to visit Nigeria in 17 years after an invitation by President Bola Tinubu, who is seeking investments from some of the world's biggest economies.Modi arrived in the capital Abuja on Saturday night and met Tinubu at the presidential villa on Sunday where the two l
Ship Has Close Call with Missile in Red Sea
A ship passing through the Red Sea 25 nautical miles west of Al-Mukha, Yemen, reported on Sunday that a missile had splashed into the sea nearby, the United Kingdom Maritime Trade Operations (UKMTO) agency said.It did not name the vessel or the owner but cited the relevant company security officer as saying the vessel and crew were safe and proceeding to the next port of call.Yemen's Iran-aligned Houthi militants have been attacking commercial shipping in the Red Sea for more than a year in a bi
Bosphorus Traffic Paused After Tanker Suffers Rudder Failure
Turkey suspended shipping traffic in Istanbul's Bosphorus Strait in both directions on Sunday due to a rudder failure on a 114-metre tanker, the Nazann, the Transportation Ministry said.The vessel, en route from Russia to Kocaeli in Turkey, had mechanical problems in the strait and the coast guard deployed tugboats, the ministry said.
Cadeler’s WTIV Newbuild Arrives to Rotterdam Ahead of Maiden Job
Cadeler’s newbuild offshore wind installation vessel (WTIV) Wind Peak, designed to be able to transport and install up to seven complete 15 MW offshore wind turbine sets per load, has arrived to Rotterdam in the Netherlands, ahead of its first deployment.The P-class vessel arrived to Rotterdam after 73-day long journey from Cosco Shipyard in Qidong, China.The vessel has sailed more than 14,000 nautical miles with stops in Singapore…
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…
