Maritime Industry Top News
Baltic Index Falls to One-month Low
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped on Tuesday as rates for the capesize vessel segment slipped for a ninth straight session.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, slid 64 points, or 4.4%, to 1,380, its lowest level since Jan. 4. The index extended its losing streak to eight sessions.The capesize index was down 177 points…
Historic Steam-driven Tug Returns to Service
One of the world’s oldest tugboats, the 117-year-old, steam-driven Daniel Adamson, is set to return to service offering short cruises along the River Weaver, a tributary of the fabled Mersey River in England, after the completion of a project to install new propeller shaft bearings.The 1903-built steamship, rescued from scrap merchants 15 years ago, was fully restored in 2016 at Birkenhead’s Cammell Laird yard, the original builder of the vessel.
Tech File: Cassandra Light, an AI-Driven Platform for Ship Performance Insights
DeepSea Technologies launched Cassandra Light, a hardware-free AI-driven platform designed to deliver accurate vessel performance insights using only noon data, enabling charterers and shipowners to gain visibility and transparency on vessel performance across their whole fleet.Cassandra Light monitors and visualizes CO2 emissions and notifies users of fuel over-consumption, representing a key tool…
Greensteam Acquires Assets of Enerforce
GreenSteam Vessel Optimization Ltd., developers of vessel performance optimisation solutions for a sustainable shipping industry, has acquired the assets of Greece…
AT 80: ZF Debuts New Thruster Range
ZF launched its new ZF AT 80 thruster model range today via the SMM Digital maritime trade fair. The range is available as a 360-degree steerable thruster and as a retractable propulsion system, or as a bow thruster, effectively broadening its appeal among ship owners, shipbuilders and naval architects."With this model range, we have created a new generation of environmentally friendly, powerful and efficient propulsion solutions.
Lenders to Sell Polarcus' Vessels. All Employees to Be Laid Off
Lenders of the troubled marine seismic contractor Polarcus, which last week took control of the company's vessels after a debt payment default, will sell Polarcus' vessels and all the employees will be let go.Banks last week tool control of Polarcus' subsidiaries that own seismic vessels, with the subsidiaries in question being Polarcus Asima AS, Polarcus Alima AS, Polarcus Amani AS, Polarcus Adira AS…
HII Wins $175 Million US Navy Contract
Huntington Ingalls Industries’ (HII) Technical Solutions division was awarded a contract last week to provide maintenance, training and planning support for U.S. Navy aircraft carriers. The indefinite-delivery/indefinite-quantity contract includes a five-year ordering term, with a total potential value of $175 million.“We are very pleased the U.S. Navy has entrusted us to support the readiness of one of our nation’s most important power projection platforms…
Pirates Flee After Failed Bulker Hijacking Off Nigeria
Eagle Bulk Shipping confirmed reports that one of its bulk carriers was hijacked in the Gulf of Guinea, and said the vessel and crew are safe now that the incident has been resolved.
Chantiers de l’Atlantique Delivers Cruise Ship MSC Virtuosa
MSC Cruises on Monday took delivery of its new flagship, MSC Virtuosa, built by Chantiers de l’Atlantique in Saint Nazaire, France.The occasion was marked by a small and private ceremony held at the shipyard attended by MSC Cruises' executive chairman Pierfrancesco Vago, his wife Alexa Aponte-Vago and their children, as well as representatives from MSC Cruises newbuilds team along with shipyard executives…
Passenger Vessel Operators Looking Forward
As we take a breath and collectively step into 2021, I’m choosing to be optimistic and focus on the opportunities ahead. Trust me, that’s not easy to say. Even as we are still experiencing a global pandemic which has devastated both the health and financial safety of our families, friends, employees, businesses, and communities. We may be down, but I say don’t lose hope.Stronger togetherAs President of the Passenger Vessel Association (PVA) and President of my family’s business…
Callan Marine Wins Dredging Work at Port of Corpus Christi
Texas-based dredging contractor Callan Marine said it has been awarded the long-term contract for maintenance and new work dredging of the Port of Corpus Christi.The Port of Corpus Christi is the third most profitable port in the United States and is the second-largest exporter of crude oil. The channel itself is 36-miles long, with 30+ ship berths serving the cargo, dry and liquid bulk, breakbulk…
Metal Shark Delivers Two Fireboats to Miami-Dade Fire Rescue
Shipbuilder Metal Shark has delivered two of three new welded-aluminum “50 Defiant” monohull pilothouse fireboats to Miami-Dade Fire Rescue (MDFR).Designed by Metal Shark’s in-house engineering team and built to Lloyds Registry Standard, the welded-aluminum monohull pilothouse fireboats “FB-21” and “FB-73” were acquired to boost MDFR’s maritime firefighting capability and will replace existing vessels in its fleet.Compared to MDFR’s outgoing vessels…
Ports of Jersey Orders Damen Workboat
Damen Shipyards Group said it has secured a contract to build a new workboat for the Ports of Jersey following a tender procedure.The newbuild, a Shoalbuster 2711, is the second vessel of its kind ever to be built, and it will be the second Damen vessel to be operated by the Ports of Jersey, which has operated a Damen Shoalbuster 2709, named Duke of Normandy, for the past fifteen yearsPorts of Jersey was looking for a vessel offering versatility…
Baltic Index Down at Near Four-week Low on Falling Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, on Monday was down at its lowest since early January, as rates weakened across vessel segments.The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 8 points, or 0.6%, to 1,444. The index extended its losing streak to seven sessions.The capesize index was down 19 points, or 1%, at 1,871, its lowest since Dec.
Enström Named Head of Marine at Hempel
Alexander Enström joins Hempel to lead its new global marine organization, effective February 1, 2021.With a strategic ambition to double revenue by 2025, Hempel is keen to build on its position in the marine segment, adjusting its marine organization to ensure it can better serve global marine customers with the full range of coatings and services.“At Hempel, we want to create long-term partnerships with our customers in order to support their needs and sustainability journeys…
VIDEO: 2021 Will Be a 'Step-change' for U.S. Offshore Wind Industry
Despite being the second-largest global market for onshore wind, the United States is today a very minor player in comparison to the European and East Asian offshore wind markets, however, this is about to change.Philip Lewis, Director of Research, World Energy Reports said in an interview with Maritime Reporter TV, that 2021 is expected to be a "step-change" for the U.S. Offshore wind industry.But first, where are we today? Per Lewis, the U.S.
PDVSA Eyeing Export Options for Crude Oil from Nabarima FSO
Venezuela's state-run oil company PDVSA has begun marketing about 570,000 barrels of Corocoro medium crude recently offloaded from a floating facility that was listing last year, two sources with knowledge of the offer said on Friday.Crude onboard the Floating Storage and Offloading facility (FSO) Nabarima, operated by a joint venture between PDVSA and Italy's Eni, started to be transferred to a tanker…
Video: Containership Crew Member Medevaced Off Washington
A U.S. Coast Guard said it medevaced a woman from a containership off the Washington coast Saturday after she was having difficulty breathing and experiencing temporary unconsciousness.Watchstanders at Coast Guard Sector Puget Sound command center received a call at 11:30 a.m. from the ship’s health insurance provider stating the 65-year-old woman required medical attention.At the time, the 710-foot container ship…
ABB Unveils New System for Monitoring Vessel Emissions
A new emissions monitoring system from ABB is designed to help the maritime industry meet emissions regulations that entered into force in 2020.In January 2020, the low sulphur and nitrous oxide emission limits in the International Maritime Organization regulations became effective worldwide. ABB's CEMcaptain is designed to help owners and operators comply with the new rules, and it also provides measurement and digital capabilities increase on-board safety…
Iran MP Says Unfreezing Funds May Help Release of South Korean Tanker
A move by South Korea towards releasing $7 billion in frozen Iranian funds may help spur Iran’s judiciary to resolve the seizure of a Korean ship being held for alleged environmental pollution…