Maritime Industry Top News
MMMCZCS Calls for Early Regulation of Methane Slip
The Maersk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) has released a new report: Tackling methane slip in shipping.Past research at the MMMCZCS has demonstrated that current regulations that include methane, such as CO2-equivalent fuel standards (e.g., FuelEU Maritime), will have a limited effect on reducing onboard methane emissions in the short- to mid-term. Furthermore, the default methane slip value concept does not provide a direct incentive to engine makers…
Esgian Week 25 Report: Mixed Results in Exploration Drilling
Esgian provides an update on exploration drilling in its Week 25 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesOslo-listed BlueNord announced on Monday the start-up of drilling operations on the Harald East Middle Jurassic well (HEMJ) in the Danish North Sea.Occidental Petroleum (Oxy) encountered non-commercial hydrocarbons at the Orange #1 exploration well on Mississippi Canyon Block 216 in the US GOM and the well has been plugged and abandoned.
Houthi Claim of Attack on US Aircraft Carrier False, US Officials Say
A claim by Yemen's Houthi group on Saturday that its forces had attacked the U.S. aircraft carrier Dwight D. Eisenhower in the Red Sea is false, two U.S. officials told Reuters."That is incorrect," one of the officials said, speaking on condition of anonymity.The Iran-aligned Houthis first launched drone and missile strikes in the key waterway for trade in November in what they say is solidarity with Palestinian militants in Gaza…
Crew Forced to Abandon Vessel Southeast of Yemen's Nishtun
United Kingdom Maritime Trade Operations (UKMTO) said on Sunday that the captain and crew of a vessel 96 nautical miles southeast of Yemen's Nishtun were forced to abandon ship after it suffered flooding that could not be contained.The crew has been recovered by an assisting ship while the abandoned ship remains adrift, it added.UKMTO earlier reported that it had received a report of a distress call from the vessel and that it was investigating the incident.Yemen's Iran-aligned Houthi group has
Houthis Claim Attacks on Two Ships in Red Sea and Indian Ocean
The Yemeni Houthi group said on Sunday its forces had attacked two ships in the Red Sea and the Indian Ocean.The first ship, Transworld Navigator, had been targeted in the Red Sea using "an uncrewed surface boat" which led to a direct hit against the ship, Houthi military spokesman Yahya Saree said.The second vessel, Stolt Sequoia, was attacked in the Indian Ocean with a number of cruise missiles, he said.It was not clear when the attacks took place.He said the ships belonged to companies that "
Houthis Claim Attack on Four Ships at Israel's Haifa Port
Yemen's Houthis said early on Sunday that they had conducted a joint military operation with the Islamic Resistance in Iraq militant group, targeting four ships at Israel's northern Haifa port.The Houthi military spokesperson, Yahya Saree, said in a televised statement that the two groups launched a drone attack on two cement tankers and two cargo ships at the Haifa port on Saturday.He said the ships…
RAL Tugs Delivered in the Philippine Navy
Robert Allan Ltd. said that YT 027 and AT 010, a RAmparts 2700 and RAmparts 3000-W respectively were delivered to the owner, the Philippine Navy, in May 2024. The tugs were built at Josefa Slipways Inc. in Sual, Philippines and are designed by Robert Allan Ltd. to provide support to the navy’s surface vessel fleet.Propulsion machinery of YT 027 consists of two MTU 12V4000M53 diesel engines rated at…
Ørsted's Sunrise Wind Project Gets Final Approval
The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) on Friday announced its approval of Ørsted’s construction and operations plan (COP) for the Sunrise Wind project, marking the final approval needed from the federal agency to move the project toward the start of offshore construction.New York’s largest offshore wind project, the 924 MW Sunrise Wind project will to be located south of Martha’s Vineyard…
Fire Suspends Sugar Loading at Tiplam Terminal in Brazil's Santos Port
A fire that destroyed a conveyor belt and electric systems at the Tiplam terminal in the port of Santos, Brazil's largest, caused a suspension of sugar loading on piers 2 and 3 on that terminal, according to a note from the company.The fire broke out on Thursday night on the site and was controlled on Friday morning. There were no victims, but the destruction of the conveyor belt stopped loadings in the berths, said the note to clients of VLI, the company managing the terminal.
ACBL Announces Reorganization Plan
Jeffersonville, Ind. based marine transportation company American Commercial Barge Line (ACBL) announced a reorganization of its business units and leadership team.The company, a leader in U.S. inland barge transportation, said the moves are "designed to enhance and optimize operational efficiency, customer satisfaction and ensure successful execution of ACBL’s fleet strategy".Patrick Sutton, who previously served as chief operating officer (COO)…
EU Sanctions Target Russian Gas for the First Time
European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including their first restrictions on Russian gas.The package bans re-exports of Russian liquefied natural gas (LNG) in EU waters but stops short of banning imports as the bloc did in 2022 for Russian seaborne oil. Some EU countries still import pipeline gas from Russia via Ukraine.However…
Ukraine's Drone Success Shapes US Pacific 'Hellscape' Strategy
On a website run by the Ukrainian security service, donors anywhere in the world can pledge money to build Ukraine's cutting-edge "Sea Baby" unmanned maritime drones.It is a slick, professional site offering donors the chance to sign up for newsletters or even name the drone themselves if they donate the full $220,000 cost.Only six meters (20 feet) long and 60 cm (two feet) high above the water level…
HD KSOE Gains LR Approval for Ammonia Fuel Supply System
Classification society Lloyd’s Register (LR) announced it has granted approval in principle (AIP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its ammonia fuel supply system, which will be used on ammonia new constructions.The newly developed ammonia fuel supply system shows complete compatibility with high-efficiency cargo handling systems and ammonia engines.The approval certifies…
Rare LNG Carrier Sails Through Red Sea Amid Houthi Attacks
The first liquefied natural gas (LNG) tanker since January is sailing through the Red Sea, just days after Yemen-based Houthi militants sank their second vessel in attacks begun last November.The vessel, Asya Energy, passed Yemen, travelling through the Bab al-Mandab Strait on Tuesday, shiptracking data from LSEG and Kpler showed, the same week that the second ship believed to have been hit by the militants sank."Asya Energy is the first LNG tanker to sail through the Strait since January…
Installation of Hollandse Kust (west Beta) Export Cables in Full Swing
Boskalis’ cable-laying barge Giant 7 has started the installation of the second and final nearshore export cable for the 700 MW offshore wind farm Hollandse Kust (west Beta), being built offshore the Netherlands.The works on the second cable follow the successful installation of the first, also performed by Boskalis’ Giant 7 barge.Giant 7, with the help of the specialist burial sledge tool BSSIII,…
Fincantieri Signs Shipbuilding Contracts with Viking for Two New Cruise Ships
Italian shipbuilder Fincantieri has signed contracts with shipowner Viking for the construction of two new cruise ships.Under the shipbuilding contracts, worth between $500 million and $1.07 billion, the cruise ships will be delivered in 2028 and 2029.The new ships will be built according to the latest environmental rules and navigation regulations and will be equipped with the most modern safety systems.The…
Increased Findings Expected with SIRE 2.0
As the new SIRE 2.0 inspection regime prepares for its official launch in the third quarter of 2024, the tanker industry is bracing for significant change. The updated digitized program is expected to increase the number of inspection findings, even for companies with historically strong performance, according to Fabian Fussek, Co-Founder and CEO of mobile-first ship inspection technology company Kaiko Systems.SIRE 2.0 places a much greater emphasis on Human Factors…
Equinor Awarded CO2 Storage licenses in North Sea
Equinor has been awarded the operatorship for the development of two new CO2 storages in the North Sea along with a 100% share for the two licenses, Albondigas and Kinno.The new licenses are each expected to have the capacity to store around 5 million tons of CO2 per year when in operation. This estimate will be further determined in the exploration phase.Equinor expects 4-8% real base project returns for its early phase CO2 storage business…
Hanwha to Acquire Philly Shipyard
South Korea's Hanwha Group has agreed to acquire U.S. shipbuilder Philly Shipyard in a $100 million cash deal, the companies announced on Thursday.Under the deal, which is expected to close in Q4 2024, Hanwha Systems and Hanwha Ocean will purchase purchase of Philly Shipyard, Inc., the sole operating subsidy of Aker-owned Philly Shipyard ASA, based in Oslo.Kristian Røkke, Chairman of Philly Shipyard ASA…
Alabama Shipyard Wins MSC Oiler Maintenance Contract
Alabama Shipyard has secured a contract to perform maintenance work aboard the Military Sealift Command's (MSC) fleet replenishment oiler USNS Kanawha (T-AO 196).The Mobile, Ala. shipyard was awarded an $11,339,193 firm-fixed-price contract for a 106-calendar day shipyard availability. The deal includes a base work package and four unexercised options for additional work and time which, if exercised…
