Maritime Industry Top News
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…
Insights: Richard Schwarz, SAFE Boats International
When Richard Schwarz joined SAFE Boats International as chief financial officer in 2015, he brought to the company a healthy dose of experience in defense and aerospace manufacturing, primarily gained on the financial side of the business. About 2.5 years later, he transitioned to become chief executive officer of the Pacific Northwest boatbuilder, which constructs aluminum vessels for a diverse set of customers.“The mix changes from month to month…
Singapore to Seek Compensation from Shipowner for Oil Spill
Singapore will seek compensation for the costs incurred in an oil spill last week from the owners of the stationary vessel that discharged the oil, local media CNA reported on Thursday.The Maritime and Port Authority told CNA that the shipowner of Singapore-flagged Marine Honour - which was hit by Netherlands-flagged dredger Vox Maxima - is liable for costs incurred in containing and cleaning the oil…
ENOVA Awards Grant for Ammonia-powered Gas Carriers
Amon Maritime has launched a new venture Amon Gas with a NOK 180 million investment grant from ENOVA to build ammonia-powered medium gas carriers (MGC).The grant was awarded at a ceremony hosted by the Norwegian minister of climate and the environment together with ENOVA at DNV headquarters at Høvik.“This is a significant milestone towards realizing carbon free transportation systems within the gas carrier segment.
Using an SL-7 to Preserve our Container Ship History?
I have raised the subject of SL-7’s as museum ships before in a cursory fashion, but lunch with John Riddle, a retired Sea-Lander, convinced us that it deserves a bit more consideration.Based on prior columns it should be clear I am extremely cagey about museum ships. Ships are significant historic object, but due to their size they are often impossible to maintain as historical objects. Moreover,…
Cruise Ship Rescues 68 Migrants, Five Dead
A luxury cruise ship has rescued dozens of migrants who were trying to reach the Spanish Canary Islands in a fishing boat that had stalled in rough seas killing five people, Spanish authorities and the cruise operator said on Thursday.The archipelago has become the main point of entry to Spain for illegal migrants from Africa in recent years, and the route is also the deadliest. Migration rights group Walking Borders said last week that nearly 5…
Link Industries Acquires Naval Equipment Maker
Fratelli Cosulich Group, via its subsidiary Link Industries S.p.A., acquired Schiavetti Enzo S.r.l., with Enzo Schiavetti remaining as a partner and CEO. The company, based in Genoa and operational since 1870, produces and sells of hardware products for the naval and nautical industries. Over the years, it has focused on the design and trade of hardware products for the naval and nautical sectors.
Damen Books Order for Two More F126 Frigates for German Navy
Dutch naval shipbuilder Damen Naval has signed a contract with the Procurement Organization of the German Armed Forces (BAAINBw) to supply two additional multipurpose frigates to German Navy, bringing the total to six F126 vessels.The first frigate is due to be delivered in 2028. Ship five and six will be delivered in 2033 and 2034 respectively.The construction of the two additional F126 frigates will take place entirely in Germany.
MPCC Acquires Two Container Ships as Part of 10-Vessel Charter Deal
MPC Container Ships (MPCC) has acquired two 3,500 TEU vessels and secured a charter agreement package for a total of 10 vessels, including the new acquisitions.The acquisition consists of two 3,500 TEU vessels at a total price of $47.25 million. The vessels are expected to be handed over from their current owner in the third quarter of 2024 and will be delivered into pre-agreed firm 36-month time charter…
Africa’s Mining Industry Providing Opportunities for Bulk Shipping
Speaking at this year’s Drycon conference in Mumbai, Captain Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL), said that Africa’s mining sector is entering a golden age where opportunities are open to investors, shipping lines and logistics companies.Africa is a continent of more than 1.4 billion people, with a mining sector that is growing rapidly and investment opportunities across the continent, said Sastry.
Armada Technologies and Qatar Shipyard Technology Solutions Sign MoU
Air lubrication system provider Armada Technologies™ and Qatar Shipyard Technology Solutions have signed a Memorandum of Understanding (MoU) to collaborate on installing Armada’s Passive Air Lubrication Systems (PALS) on vessels.The partnership aims to improve vessel energy-efficiency, reduce operating costs and minimize the emission of carbon and other pollutants to ships.Armada will provide technical and commercial support to facilitate the integration of PALS into vessel designs…
Brazil Agency Nears Decision on Offshore Equatorial Margin
The head of Brazil's environmental agency said on Wednesday that he expects a decision soon on state-owned oil company Petrobras' request to conduct exploratory studies in a region known as the Equatorial Margin, as both the company and the government push for a drilling license.Petrobras has been seeking to explore the northernmost part of the Equatorial Margin, near the mouth of the Amazon River…
Philippines Tells Beijing Words Must Match Actions in South China Sea
The Philippines urged China on Wednesday to avoid actions that endanger sailors and vessels in the South China Sea, saying peace could not be achieved if China's words did not match its behaviour in the disputed waters.The Philippine foreign ministry denounced as "illegal and aggressive" China's actions during a routine resupply mission on June 17, which the Philippine military said had severely injured…
India Approves $9-billion Port to Boost Trade with Europe
India's cabinet approved development on Wednesday of a new deep-water port that the government said will be a crucial part of a plan to connect the Asian country with Europe by sea and rail links through the Middle East.The Vadhavan port will be built on India's western coast, about 150 km (93 miles) from financial capital Mumbai, for 762 billion Indian rupees ($9.14 billion), Information Minister…
New Maritime Cybersecurity Body Launched
As digital technologies continue to permeate the international shipping industry, a newly launched organization aims to raise the standard of cybersecurity risk assessment across the maritime sector.The International Maritime Cyber Security Organization (IMCSO) will recognize appropriate cybersecurity professional certifications as well as offer certification for maritime specific knowledge. In addition…
German Port Strikes Disrupt $6 Billion in Trade
Port strikes at five key five German ports may cost $6 billion (£4.71 billion) in lost trade according to data and analytics company Russell Group.Of this $6 billion, analysis by Russell’s ALPS Marine has identified that commodities such as cars & people carriers ($399 million/£313 million), good transport vehicles ($129 million/£101 million) and pharmaceuticals ($717 million/£559 million) have been disrupted by the strikes.
Ukraine Resumes Ferry Services to Georgia's Black Sea Port of Batumi
Ukrainian ferry company Ukrferry will resume services between the Black Sea port of Chornomorsk and Batumi in Georgia, according to the company's timetable.The ferry service was halted after the start of the Russian invasion of Ukraine in 2022. Its resumption will allow Kyiv to gain direct access to its markets in the Caucasus and Central Asia.The first voyage is scheduled to depart Chornomorsk on July 9 and arrive in Georgia on July 12."Regular services accept passengers...
