Maritime Industry Top News
Captain Ian Finley to Receive IMO International Maritime Prize
![Captain Ian Finley courtesy of IMO](https://images.marinelink.com/images/maritime/w200h200c/captain-ian-finley-courtesy-of-151579.jpg)
Captain Ian Finley, Permanent Representative of the Cook Islands to IMO, has been selected as the recipient of the prestigious International Maritime Prize for 2023. The decision was made by the IMO Council at its 132nd session (July 8 to 12, 2024).Captain Finley was nominated for the award by the Government of the Cook Islands. As a delegate to IMO, representing Panama and latterly the Cook Islandsā¦
European Shipowners and Maritime Union Launch Digital Initiative
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The European Community Shipownersā Associations (ECSA) and the European Transport Workers Federation (ETF) have launched the āSeafarers Go Digitalā initiative.āSeafarers Go Digitalā is a mutual commitment of ECSA and ETF seeking to identify and address the challenges of digitalization for shipping and seafarers.The initiative recognizes the need to adapt international regulations, training programsā¦
Tanker and Tugboat Crews to Receive IMO Bravery Awards
![Source: IMO](https://images.marinelink.com/images/maritime/w200h200c/source-imo-151577.jpg)
The 2024 IMO Award for Exceptional Bravery at Sea is to go to two sets of nominees: the captain and crew of the oil tanker Marlin Luanda for containing a fire after the ship was struck by an anti-ship missile; and the captain and crew of the tugboat Pemex Maya for their rescue of six shipwrecked people from four different vessels during a hurricane.Nominations were initially reviewed by an Assessment Panel and their recommendations were considered by a Panel of Judgesā¦
Xeneta: Perfect Storm for Container Shipping
![Source: Xeneta](https://images.marinelink.com/images/maritime/w200h200c/source-xeneta-151576.jpg)
Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion.The 15.94m TEU transported by ocean in May beats the previous record of 15.72m TEU set in May 2021, according to data released by Xeneta and Container Trades Statistics.The record levels of demand in May brings year-to-date volumes to just under 74m TEU, which is an increase of 7.5% compared to the first five months of 2023.Emily Stausbøllā¦
Russian Oil Freight Rates Fall to Lowest Since 2022
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Freight rates to ship Russian oil have fallen this month towards parity with those for other global exporters for the first time since 2022 as more tankers were available despite Western sanctions and exports fell, three sources said on Wednesday.Freight rates to ship Russian oil soared to more than $20 million per voyage in 2022 after the West imposed sanctions and a $60 dollar price cap to try toā¦
Ineffective Bridge Resource Management Contributed to Grounding
![Source: ATSB](https://images.marinelink.com/images/maritime/w200h200c/source-atsb-151574.png)
Ineffective bridge resource management contributed to the grounding of a bulk carrier in the Port of Bunbury, Western Australia, an ATSB investigation has found.The grounding occurred on April 22, 2023, as the 229-meter long, Isle of Man-registered bulk carrier World Diana was departing Bunbury under the conduct of a harbour pilot, with two tugs assisting.After being moved off its berth, the ship hadā¦
Power Outages Hinder Hurricane Beryl Recovery, Delay Port Restarts
![(Photo: Jessica Fontenette / U.S. Coast Guard)](https://images.marinelink.com/images/maritime/w200h200c/photo-jessica-fontenette-us-coast-151573.jpg)
About 1.7 million customers remained without power in Texas on Wednesday morning, two days after Hurricane Beryl made landfall, as progress was slow during the night, hampering efforts to restore critical oil infrastructure.The storm made landfall as a Category 1 hurricane on Monday near the coastal town of Matagorda, about 100 miles (160 km) from Houston, lashing Texas with heavy winds that knockedā¦
Russian Attack Damages Ukrainian Port
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Russia launched 20 drones and five missiles at Ukraine on Wednesday, killing two people in the Black Sea region of Odesa, damaging port infrastructure and hitting an energy facility in the northwest, officials said.A truck driver and security guard were killed in the southern Odesa region during the missile attack, which damaged port warehouses, trucks and a civilian ship, regional governor Oleh Kiper said.
Bad Weather Halts Container Movements Near Cape of Good Hope
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Severe weather conditions near the Cape of Good Hope has brought container traffic to a halt this week according to analysis by LSEG Shipping Research.Since Monday, daily transit data and vessel location data via the LSEG Workspace Interactive Map show no containerships passing the Cape of Good Hope ā adding to congestion and delays exacerbated by the Red Sea crisis. The Interactive Map layer shows marine weather and waves over 10 meters high.Fabrice Mailleā¦
Saltchuk Completes OSG Acquisition
![(File photo: OSG)](https://images.marinelink.com/images/maritime/w200h200c/file-photo-osg-151569.jpg)
Seattle-headquartered Saltchuk on Wednesday announced it has completed its acquisition of Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla.Privately-held Saltchukāpreviously OSGās largest shareholderāsaid it completed a $950 million transaction to purchase all outstanding shares of OSG common stock at $8.50 per share in cash, making OSG a wholly owned subsidiary.
MARAD Awards $8.75 Million to US Small Shipyards
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The U.S. Department of Transportationās Maritime Administration (MARAD) on Wednesday announced $8.75 million in grant awards to 15 small shipyards in 12 states through the Small Shipyard Grant Program. The funds will help shipyards modernize, increase productivity, and expand local job opportunities while competing in the global marketplace.āSmall shipyards are integral to the strength of Americaās supply chains and the maritime industryā said U.S. Transportation Secretary Pete Buttigieg.
DNV Updates Class Rules for Ships and Offshore Structures
![(Photo: DNV)](https://images.marinelink.com/images/maritime/w200h200c/photo-dnv-151567.jpg)
Classification society DNV has published updates to its rules for classification of ships and offshore structures.The new rulesāpublished on July 1 and slated to enter into force on January 1, 2025āsupport the development and deployment of decarbonization technologies. In addition, new in-operation class notations seek to bring clarity to the responsibilities of class customers for notations that have a mix of design and operational requirementsā¦
US Navy Takes Delivery of Future USS John Basilone
![(Photo: Bath Iron Works)](https://images.marinelink.com/images/maritime/w200h200c/photo-bath-iron-works-151566.jpg)
The U.S. Navy announced it has accepted delivery of its latest Flight IIA Arleigh Burkeāclass guided missile destroyer, the future USS John Basilone (DDG 122), on July 8.Built by General Dynamics Bath Iron Works in Bath, Maine, DDG 122 will serve as a multi-mission surface combatant capable of conducting Anti-Air Warfare, Anti-Submarine Warfare and Anti-Surface Warfare.Prior to delivery, the ship conducted a series of at-sea and pier-side trials to demonstrate readiness.
Ship Traffic to Resume in Turkey's Bosphorus Strait
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Ship traffic in Turkey's Bosphorus Strait is set to resume for northbound vessels as of 1440 GMT, after a suspension earlier on Wednesday due to an operation failure during the towing of a vessel, the Tribeca shipping agency said.(Reuters - Reporting by Ezgi Erkoyun, Editing by Huseyin Hayatsever and Andrew Heavens)
Monjasa Adds Two Tankers for West Africa Operations
![(Photo: Monjasa)](https://images.marinelink.com/images/maritime/w200h200c/photo-monjasa-151561.jpg)
Oil and shipping group Monjasa on Wednesday announced it has added two secondhand tankers to its owned fleet, in a move that targets growth in West Africaās offshore industry.The vessels are the 17,200 DWT Monjasa Rover (formerly Fure Nord) and 7,858 DWT Monjasa Hunter (formerly Annelise Theresa), the latter of which joins as a unique fleet addition targeting length-restricted offshore oil and gas vessels in West Africaā¦
Royal IHC Partners with Nam Trieu for Hopper Dredge Build
![(Photo: Royal IHC)](https://images.marinelink.com/images/maritime/w200h200c/photo-royal-ihc-151562.jpg)
Dutch shipbuilder Royal IHC announced it has signed an agreement with the Vietnamese shipyard Nam Trieu for the construction of a 2,300 m³ trailing suction hopper dredger.This project, commissioned by De Boer - Dutch Dredging, marks the beginning of what is expected to be a long term collaboration in Asia, according to Royal IHC."The collaboration with Nam Trieu is the concretization of our two-pillar strategy," says CEO Derk te Bokkel. "We build both in the Netherlands and in the Far East.
Home-Grown: S. Korea's First OCCS put to the Test
![Photo courtesy KR](https://images.marinelink.com/images/maritime/w200h200c/photo-courtesy-kr-151558.jpg)
KR announced the successful installation of an onboard carbon capture system (OCCS) with purely domestic technology, and it will soon undergo internal verification testing.The project began in April 2023 as a collaborative effort with HMM, Samsung Heavy Industries (SHI) and PANASIA. As a result of this collaboration, the system was installed on the 2,200 teu container ship, HMM Mongla. KR conductedā¦
New 250kW Hydrogen Fuel Cell Prepped for Maritime
![Image courtesy Sydrogen Energy Pte. Ltd.](https://images.marinelink.com/images/maritime/w200h200c/image-courtesy-sydrogen-energy-pte-151554.jpg)
Sydrogen Energy Pte. Ltd. (Sydrogen), a Singapore-based fuel cell components and systems company, announced its entry into the maritime market with a 250 kW fuel cell power module. Developed in a collaboration signed with Shanghai Hydrogen Propulsion Technology Co., Ltd. (SHPT), this system aims to accelerate the adoption of hydrogen technology in the shipping industry, supporting Singapore's maritime decarbonization goals."Through a slew of initiatives both on shoreā¦
WinGD Completes Type Approval Test on Compact Two-Stroke Engine
![Testing success for WinGD's X52-S engine at YCMP. Image courtesy WinGD](https://images.marinelink.com/images/maritime/w200h200c/testing-success-for-wingds-x52s-151553.jpg)
WinGD reports it has successfully completed type approval and factory acceptance testing for its X52-S2.0 engine, bringing a new option to shipowners in need of compact, medium-bore two-stroke engines. The tests at Yuchai Marine Power Co (YCMP) confirmed the engineās performance and compliance.The X S series succeeds the RT flex50 and RT flex58 engines and is available in 52cm and 62cm bore sizes, with confirmed orders already for dieselā¦
MOL Delivers Second Wind Sail-Equipped Bulk Carrier
![(Credit: MOL)](https://images.marinelink.com/images/maritime/w200h200c/credit-mol-151552.jpg)
Mitsui O.S.K. Lines (MOL) has completed the construction of bulk carrier Green Winds, equipped with the Wind Challenger hard sail wind power propulsion system.The construction of the 63,896 DWT Ultramax bulk carrier was completed at Oshima Shipbuilding.MOL Groupās company MOL Drybulk will operate this new vessel.This is the second of a total of nine MOL Group vessels that have been or will be equippedā¦