Maritime Industry Top News
LNG Carriers Line Up At Malaysia's Bintulu Complex After Maintenance
A backlog of liquefied natural gas (LNG) tankers is waiting to load at Malaysia's Bintulu terminal this week after outages and maintenance work disrupted production, according to industry sources and shiptracking data.The Bintulu facility in Sarawak, controlled by state-owned Petronas, consists of nine LNG production trains run by four different operators with total capacity of nearly 30 million metric tons per year…
Norden Completes Norlat Shipping Acquisition
Danish shipping company Norden said on Tuesday that it has closed its acquisition of Nordic dry bulk operator Norlat Shipping.The deal was announced in July but remained subject to regulatory approvals. Financial terms were not disclosed. “We are delighted to have received the green light for the acquisition last week and with the closing of the acquisition today we look forward to welcoming the Norlat Shipping team and customers,” said Norden CEO Jan Rindbo.
Sealution’s Gateway Secures Lloyd’s Register Approval
Maritime connectivity technology provider Sealution has secured a Type Approval from Lloyd's Register for its plug & play Gateway solution.Sealution’s Gateway is designed to unlock and transport critical data below deck on board merchant vessels. The hybrid solution combines the reliability of a cabled connection with the flexibility of wireless technology.With Type Approval from Lloyd's Register, the Gateway now officially meets the standards for safety…
Zelim Launches ‘World’s First’ Unmanned Overboard Rescue Vessel
Zelim, an Edinburgh based sea survival innovator, has unveiled the world's first unmanned/manned remotely controlled person-in-water rescue vessel.The vessel, dubbed GUARDIAN, is 8.4 meters long, 2.5 meters wide aluminium hulled Next Generation Fast Rescue Craft (FRC), presented to the international maritime industry for the first time at the SMM Trade Fair, which is taking place in Hamburg, Germany.Specifically…
DOF Secures Another Job in Asia Pacific
Norwegian offshore vessel operator DOF Group has secured a contract for subsea decommissioning services in the Asia-Pacific (APAC) region.The contract award includes project management, engineering, logistics support and execution of decommissioning activities utilizing Skandi Hercules vessel.The value of the contract has not been disclosed, but it is under $15 million, according to DOF.The offshore campaign will be conducted in Western Australian waters and is expected to commence in the fourth
NKT Wraps Up Work on Shetland Renewables Interconnector
Danish subsea cable and services firm NKT, in close collaboration with SSEN Transmission, has completed the turnkey project of connecting the Shetland Islands to the main grid in Scotland with the Shetland HVDC Link.The 320 kV HVDC interconnector is now a key contributor to the integration of renewable energy in Great Britain.Interconnected power grids are essential to the green transition and with the completion of the Shetland HVDC Link…
Mammoet Launches World’s Strongest Land-Based Crane for Energy Sector
Heavy lift and transport services firm Mammoet has launched the SK6000 land-based crane, said to be the world’s strongest, capable of handling large offshore wind components and delivering reduced integration times to offshore oil and gas projects.The 6,000t capacity of the SK6000 crane enables faster construction methodologies across the energy sector, according to Mammoet.The SK6000 is expected to have a major role in offshore wind…
MOL PLUS to Invest in Deep Tech Startup Fund
MOL PLUS intends to invest in deep tech through the “Global Fund 2” managed by UntroD Capital Asia.Deep tech is technology solutions based on substantial scientific or engineering challenges.Global Fund 2 aims to solve social issues by investing in deep tech startups, mainly in the seed stage through Series B. The investment area will focus on startups based in Southeast Asia, but will also cover startups…
MSC Container Ship Sets Panama Canal Record
The MSC Marie transited through the Panama Canal on August 30, setting a new record for the largest-capacity container ship to sail the route.The 366-meter (1,200 feet) Neopanamax ship has a width of 51 meters (167.4 feet) and a maximum capacity of 17,640 TEUs.The record was previously held by the Ever Max which made the transit at a capacity of 17,312 TEUs in August 2023.The MSC Marie sailed from the port of Manzanillo in Mexico.
MSI: Iron Ore Market is Flashing Warning Signs
In its August HORIZON Dry Bulk month report, Maritime Strategies International states that against potential optimism from lower interest rates to come, price action in the iron ore market has been flashing warning signs. Prices have dropped about 10% since the start of the month and are now 30% lower than at the start of the year.With the freight market highly leveraged to iron ore flows (the largest dry bulk commodity), the response by suppliers will be critical.
Ship Recycling: Vessel Offerings Have Declined
Action in the Middle East, including a repeat Houthi attack on container vessel Groton in the Red Sea, has increased volatility in the region, and the already slim pickings of tonnage for recycling only got worse through August, reports cash buyer GMS.“The desperate question unraveling in everyone’s mind is whether this is expected to be the case through 2024 / early 2025? Interestingly, even though…
ABS Opens Office in World’s Largest Iron Ore Export Town
ABS is expanding its footprint in Western Australia, establishing a physical presence in Port Hedland, a key trading zone for dry bulk minerals in the Eastern Hemisphere. The new site joins other ABS locations in Perth, Cairns, Brisbane, Sydney and Melbourne.Port Hedland, the world’s largest iron ore export port, is located within the Pilbara region in northwest Australia. The area is making substantial investments to support the energy transition to meet net-zero emissions goals.
Study: Compressed Hydrogen Beats Ammonia on Capital and Energy Efficiency
Provaris Energy has completed a study for bulk-scale hydrogen export and import compression facilities that it says confirms the viability the low energy use and low capital of Provaris’ compressed hydrogen supply chain for regional marine transport of hydrogen in gaseous form.The study, the fourth in a series of techno-economic studies developed by Provaris, was based on a 540MW capacity reservation export site…
Esgian Week 35 Report: Petronas Plans Return to Mexico
Esgian provides an update on plans for Petronas to return to the deep waters off Mexico in its Week 35 Rig Analytics Market Roundup.Report SummaryContractsMalaysia's Velesto said Monday it has secured a Letter of Award for its 350-ft jackup Naga 3 from Vietnam-based Thang Long Joint Operating Company (TLJOC).Dolphin Drilling’s Letter of Intent (LoI) with an undisclosed operator in the UK for its 1…
Voluntary EV Fire Prevention Measures Earn ClassNK Certification
Mitsui O.S.K. Lines (MOL) has been granted certification for its voluntary efforts to improve fire prevention on the car carrier Cerulean Ace.The LNG-fueled vessel is operated by MOL and managed by MOL Ship Management. It has been granted certification for "Additional Fire-Fighting measures for Vehicle Carrier (AFVC)" by ClassNK for measures that prevent onboard fires during the transport of electric…
Feasibility of Remote Pilotage Under International Review
The International Maritime Pilots’ Association (IMPA), which represents over 50 member countries, is partnering with the Canadian National Centre of Expertise on Maritime Pilotage (NCEMP) and the Canadian Coast Guard to evaluate the feasibility of remote pilotage.The work aims to provide authoritative insights into the current and potential use of remote pilotage on conventional ships and those that…
ClassNK Publishes Onboard Ammonia Leak Estimates
ClassNK has published industry-first estimated leak frequencies for ammonia fuel from onboard components for ammonia-fueled ships. For new ammonia-fueled ship designs, risk assessments involve the consideration of the probability of ammonia leak from each component. However, statistical data of onboard ammonia leak have been extremely limited, making probability estimation difficult.ClassNK, in collaboration with the Research Institute of Science for Safety and Sustainability (RISS)…
Philippines Accuses China of Another Ramming
The Philippines and China exchanged accusations of intentionally ramming coast guard vessels in disputed waters of the South China Sea on Saturday, the latest in an escalating series of clashes in the vital waterway.The collision near the Sabina Shoal was their fifth maritime confrontation in a month in a longstanding rivalry.Beijing claims almost the entire South China Sea, including parts claimed by the Philippines, Brunei, Malaysia, Taiwan and Vietnam.
Another Chinese Naval Vessel Enters Japanese Waters
Japan lodged a protest with China after one of its naval survey vessels entered Japanese waters on Saturday, the second incursion into its territory by the Chinese military in less than a week.An uptick in Chinese military activity near Japan and around Taiwan in recent years has stoked concerns in Tokyo. Japan has responded with a defence buildup that it says aims to deter Beijing from using military…
Bayesian Crew Member Recounts Rescue Efforts
Crew members on Mike Lynch's yacht have spoken of the moments when a storm sank the vessel off Sicily and their efforts to help save passengers, after a disaster that killed the British tech tycoon and six other people.Matthew Griffiths, who was on watch duty on the night of the disaster two weeks ago, told investigators that the crew members did everything they could to save those on board the Bayesian…
