Maritime Industry Top News
Ship Recycling Markets See a Little Action
This week has seen about USD 10/LDT gained across the board in ship recycling markets, says cash buyer GMS, and Bangladesh has leapfrogged India for pole position including the purchases of two Panamax bulk carriers in the USD 470s/LDT.“Although the general feeling is that sub-continent ship recycling markets have likely bottomed out, there remains cautious optimism within the community as we head towards 2025.
Russian, Indonesian Navies Hold Joint Drills
Russian and Indonesian ships practiced freeing a vessel captured by terrorists and fought unmanned boats during the first joint naval exercises between the two countries in the Java Sea, Russia's RIA state news agency reported on Monday.The joint exercise, which started last week, came as newly inaugurated Indonesian President Prabowo Subianto pledged closer ties with Russia on defence, in a bid to…
Seatrium Adds Heavy Lift Vessel to Project Schedule
Seatrium has signed a Letter of Intent (LOI) with Japan-based Penta-Ocean Construction (POC) to carry out early engineering work for a 5,000t fully-revolving heavy lift vessel project for the Japan wind market.Subject to the final investment decision by POC, the full EPC contract award is expected in 1Q 2025.POC owns a range of self-propelling trailing suction hopper and cutter suction dredgers for…
NZ Prime Minister Accused of Being Cryptic on Live Export Restart
New Zealand animal welfare group SPCA is critical of New Zealand Prime Minister Christopher Luxon, saying he has refused to provide answers about his plans to restart the export of live animals by sea.A ban was implemented by the previous government after the Gulf Livestock 1 capsized in 2020 leaving 41 crew and 6,000 cattle missing.Luxon has reportedly declined to say if the public will be consulted on the policy and process…
Stena Launches Meatball Revolution
By replacing half of the meat in their meatballs with yellow pea mince, Stena Line aims to reduce meat consumption by 35 tons next year.The company hopes the change will go unnoticed. The 50/50 meatballs will have half of the meat from their meatballs and mashed potato dish replaced with a plant-based mince made from yellow peas.This means that the 2.5 million meatballs served on board each year will contain 35 tons less animal protein.
Commander of Royal Canadian Navy Visits Geoje Shipyard
On November 10, Vice Admiral Angus Topshee, the 38th Commander of the Royal Canadian Navy, visited Hanwha Ocean’s Geoje shipyard and discussed Canada’s upcoming submarine acquisition project.This visit marks a significant step in the bidding process for the Canadian Patrol Submarine Project (CPSP), in which Hanwha Ocean is actively participating.During the visit, Hanwha Ocean introduced the KSS-III Batch-II submarine, a model that the proposed KSS-III CPS for CPSP is based upon.
USS John Basilone Commissioned
The US Navy’s newest Arleigh Burke-class guided-missile destroyer, USS John Basilone, has been commissioned.DDG 122 became the 74th ship of her class and the second ship to bear the namesake of John Basilone, the only Enlisted Marine to earn the Medal of Honor and the Navy Cross during World War II.While John Basilone and his beloved wife Lenah Mae (Riggi) Basilone didn’t have children, GySgt Basilone’s niece…
Japanese Navy Ship on Fire, One Missing
Fire broke out on a Japanese warship sailing near the western part of the country, causing one crew member to be hospitalized due to smoke inhalation, while another was missing, Japan's navy said on Sunday.The Japan Maritime Self-Defence Force (JMSDF) said the minesweeper Ukushima was sailing off the coast north of Fukuoka in the island of Kyushu when the fire occurred at around 9:40 a.m. local time (0040 GMT).Admiral Akira Saito later said firefighting efforts were ongoing as of 8:30 p.m.
Baker Marine Solutions Unveils Inland Towboat Design
Baker Marine Solutions is unveiling its newest towing vessel design and the International WorkBoat Show.The BMS 1882 - A 6000 HP Inland Towboat is designed for the inland waterway and transportation market.At a length of 170ft, the design boasts accommodation for a 10-person crew while providing ample living, recreation and leisure spaces to ensure crew comfort and habitability.Powering this 6000HP…
China, Indonesia ink Multiple Pacts on Maritime, Mining
Chinese President Xi Jinping signed multiple cooperation deals with his Indonesian counterpart Prabowo Subianto on Saturday, Chinese state TV CCTV reported, as the two countries seek increased partnerships in key areas.The deals covered issues including water conservation, maritime resources and mining, the report said, and come ahead of a meeting Prabowo is scheduled to attend on Sunday between Indonesian officials and a number of top Chinese companies…
Panama Canal Eyes Doubling Container Transits
The Panama Canal Authority could double in coming years the number of containers that move through the commercial waterway that links the Pacific and the Atlantic oceans, the canal's chief told a maritime conference.The authority, which has an $8 billion investment plan, is putting in place a water conservation strategy following a severe drought that forced ships between late 2023 and early 2024 to take alternative routes between the United States and Asia.As part of that…
Remote Inspection: DLS Sends in the Drones
[ to deep, dark & confined spaces ]DLS Marine received approval from ABS for remote inspection, and it is leveraging advanced drone + software tech to make the process of tank inspection more efficient and less dangerous.DLS Marine is a long-tenured name in the U.S. maritime survey market, founded by Bob Stickney as Stickney Marine Surveying in New Orleans in 1968, with a pivotal moment coming in 1977 when Stickney hired Norman Dufour, future DLS Marine Partner, as an apprentice marine surveyor.
ACP: Panama Canal Could Double Box Transits
The Panama Canal Authority could double in coming years the number of containers that move through the key East-West commercial waterway, the canal's chief told a maritime conference on Friday.A cargo-consolidation plan will seek to increase container volumes by assigning them to larger vessels, chief Ricaurte Vazquez told Houston maritime conference listeners. The authority also has granted shipping…
CMA CGM's Profit Jumps on Buoyant Demand
Strong global demand pushed up CMA CGM's third-quarter profit while the current quarter was seeing a rush to ship goods from China, the shipping group said on Friday as it played down the risk to trade from possible U.S. tariffs.The French company reported a net profit of $2.73 billion for third quarter, up from $388 million in the year-earlier period, supported by a 5.5% increase in volume for its main ocean shipping division.Like other shipping firms…
Montreal Port Employers Threaten Shutdown
Port of Montreal terminal operators have threatened to shut down most operations as of Sunday after providing a "final, comprehensive offer" to the longshore union.If the Canadian Union of Public Employees Local 375 does not accept the offer by Sunday at 8:00 p.m. "only essential services and activities unrelated to longshoring will continue at the Port of Montréal from 9 p.m. on Sunday," the Maritime Employers Association said in a statement on Thursday.So far…
UKMTO: Armed Small Craft Shadowed Vessel
British maritime agency says vessel approached by armed small craft near Yemen.The United Kingdom Maritime Trade Operations agency (UKMTO) said on Friday that a vessel was approached by a small craft on Thursday carrying armed personnel that came within three cables of the vessel.The incident was part of a larger sighting where the vessel observed nine to fifteen small craft in the area, approximately 53 nautical miles southwest of Aden…
Did You Know? Six Steps Cyber Attackers Take to Steal Maritime Data
Infostealers, a type of malware designed to steal sensitive information from an infected system, has marked significant rise in the first half of 2024 in the maritime domain, Marlink’s Security Operations Center (SOC) has reported.The whole process involves six steps – starting from initial infection to the exploitation of acquired data, which can have serious consequences for the maritime industry…
ZIM Accelerates Rollout of 'Smart Containers' on Vessels
ZIM Integrated Shipping Services is accelerating the global deployment of smart containers, helping to advance visibility and transparency through the integration…
Keel Laying for Vessel Pair at Vietnam's Piriou Shipyard
A ceremony attended by dignitaries has marked the official ‘birth date’ for the two new ships which will serve the Penzance to Isles of Scilly route for the Isles of Scilly Steamship Group (ISSG).The keel laying is a milestone in the build process, recognized for centuries as the ‘birth’ of a new ship and an important point for the Scillonian IV passenger ferry and the cargo vessel, Menawethan.Guests attended Piriou’s shipyard in Vietnam on November 6.…
US LNG Firms Expect Expansion Regulations to Ease Under New Administration
U.S. liquefied natural gas developers awaiting permits for new export projects this week expressed confidence President-elect Donald Trump will ease the way for their multi-billion-dollar expansion plans.Their confidence is buoyed by Trump's promise to end an expanded Department of Energy review that has slowed new export permits. President Joe Biden had paused new non-FTA export permits and asked…
