Maritime Industry Top News
Russian Navy to Hold Drills in Pacific, Sea of Japan, Sea of Okhotsk
The Pacific Fleet of the Russian Navy will hold exercises June 18-28 in the waters of the Pacific Ocean, the Sea of Japan and the Sea of Okhotsk, TASS state news agency reported on Tuesday.The drills involve about 40 ships, boats and support vessels, around 20 naval aircraft and helicopters, including long-range anti-submarine aircraft Tu-142M3, Il-38 and Il-38N, as well as anti-submarine and search and rescue helicopters, TASS reported, citing the fleet's press service.(Reuters - Reporting by L
OSG Developing ATB for Transporting Captured Carbon
U.S. shipping company Overseas Shipholding Group (OSG) has set out to design a new vessel that will transport liquified carbon dioxide (LCO2).In April, the Tampa, Fla.-based company was awarded a $3 million grant from the U.S. Department of Energy for engineering and design work in support of the project. The award will be used to develop the design of an articulated tug and barge unit (ATB) to be…
Ports of Indiana Says It Aims to Develop Container Terminals
The Ports of Indiana Commission approved Resolution 24-01 to launch “The Indiana Container Initiative” in support of developing multiple international container terminals within the state of Indiana.As a statewide port authority, Ports of Indiana operates multiple facilities on the Ohio River and Lake Michigan, but the state’s ports do not currently handle container shipments. The new initiative is…
Golden Gate Ferry to Build Eight New Vessels
Golden Gate Ferry will build a fleet of eight new hybrid vessels to improve operational efficiency and reduce emissions from its San Francisco Bay Area commuter ferry service.Electrical contracting company McKay on Monday announced it has been appointed by naval architecture firm Aurora Marine Design to serve as the electrical systems integrator for the Liwa Class newbuild program, which will commence…
Gjervik Named CEO of Western Bulk
Oslo-headquartered dry bulk shipping company Western Bulk announced it has named Torbjorn Gjervik as its new CEO, effective September 1, 2024.Gjervik will assume the position from Ørjan Svanevik, who has served as interim CEO following the departure of Hans Aasnæs earlier this year. Svanevik will maintain his role as a company board member.Gjervik comes from the position as Head of North Atlantic and has served in several management positions across the Western Bulk global network and offices…
Electrical Issues Close Lower St. Anthony Falls Lock and Dam
Electrical issues have forced the closure of a lock and dam on the Upper Mississippi River near Minneapolis, the U.S. Army Corps of Engineers' St. Paul District announced on Monday.The Corps said its crews are working to fix the issues, which are affecting the fourth dam gate at the Lower St. Anthony Falls Lock and Dam.The Corps said the lock and dam will be closed to vessel traffic until further notice but that it hopes to resume service as soon as possible.
Denmark Seeks to Stop Shadow Tanker Fleet Carrying Russian Oil
Denmark is considering ways to stop a so-called shadow fleet of tankers from carrying Russian oil through the Baltic Sea, the Nordic country said on Monday, triggering a sharp response from Moscow's diplomats who said any such move would be unacceptable.Russia sends about a third of its seaborne oil exports, or 1.5% of global supply, through the Danish straits that sit as a gateway to the Baltic Sea, so any attempt to halt supplies could send oil prices higher and hit the Kremlin's finances.Sinc
Philippine Captain Vows to Return to Sea After Houthi Attack
The Philippine crew of a vessel attacked by Yemen's Houthi militants was repatriated to the Philippines from Bahrain on Monday, with the ship's captain vowing to return to the seas after the crew had recovered from the experience.Iran-aligned Houthis claimed responsibility for a missile strike on the Liberia flagged, Greek-owned, coal carrier Tutor near the Yemeni port of Hodeidah on June 12. The ship…
Autonomous Vessels: Already Working, but Still Under Close Review
Advances in autonomous vessels – from R&D to regulatory policies to actual work – are moving rapidly. AVs include a range of vessel types and missions, from freight to law enforcement to research to defense. There are many acronyms. Some examples –AV stands for autonomous vessel.AUV is autonomous underwater vessel.MASS stands for “maritime autonomous surface ship.”NOMARS is a U.S. Department of Defense…
Survitec Snags JMSDF Submarine Escape Suit Contract
Survitec won a multi-year servicing contract from Sojitz Aerospace, on behalf of the Japanese Maritime Self-Defence Force (JMSDF), to service Submarine Escape Immersion Equipment (SEIE) MK11 suits carried on board its submarine fleet.With this contract, the company sets a new precedent, establishing an in-country servicing capability to accommodate the JMSDF’s SEIE servicing and maintenance requirements through a strategic partnership with Kawasaki head-quartered Marinair Liferaft Co.
Oil Spill Clean-Up Efforts Off Singapore Go Full Steam Ahead
The authorities in Singapore have launched an oil spill clean-up operation after the Netherlands-flagged dredger Vox Maxima struck a stationary Singapore-flagged bunker vessel Marine Honour, causing a rupture of one its oil cargo tanks which released the low-sulphur fuel oil to the sea.Dredger Vox Maxima had reported a sudden loss in engine and steering control before its allision with bunker vessel Marine Honour on June 14…
GMS: Knuckle-Biting Third Quarter for Ship Recyclers
Cash buyer GMS predicts a knuckle-biter of a third quarter for ship recycling, given that:• (confusing) budgets were announced in Bangladesh and Pakistan this week• taxes and duties are to be imposed on FO / LO on incoming vessels in Bangladesh • India’s first post-election budget is due in July under the freshly formed coalition government• Alang recyclers are still fresh in the wake of post-election…
China Coast Guard: Philippine Supply Ship Bumped Chinese Ship
A Philippine supply ship dangerously approached a Chinese ship resulting in a slight collision after it illegally intruded into waters adjacent to the Second Thomas Shoal in the South China Sea, the Chinese coast guard said on Monday.The Philippine transport and replenishment ship ignored China's repeated solemn warnings, the coast guard said in a statement.The guard said the vessel deliberately and dangerously approached the Chinese ship in an unprofessional manner, resulting in a collision.
Esgian Week 24 Report: Noble and Diamond Offshore Announce Merger Plans
Esgian provides an update on Noble and Diamond Offshore’s announcement of merger plans in its Week 24 Rig Analytics Market Roundup.Report SummaryContractsADES has completed the signing of a drilling contract for a jackup with Suez Oil Company (SUCO) in Egypt.Mergers & AcquisitionsNoble Corporation and Diamond Offshore Drilling have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction.
Container Shipping Spot Rate Growth Slows
Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing.The latest data from Xeneta, the ocean freight rate benchmarking and intelligence platform, indicates spot rates on major trades out of the Far East will increase again on June 15, but to a less dramatic extent than witnessed in May and early June.Average spot rates from the Far East to US West Coast are set to increase by 4.8% on June 15 to stand at $6…
Singapore Oil Spill Spreads Along Coast
An oil spill off southern Singapore has spread to other areas of the island's coast and is threatening a marine reserve, government agencies said, adding that authorities were intensifying efforts to mop up the fuel.The oil spilled into Singaporean waters after a Netherlands-flagged dredger struck a stationary Singapore-flagged bunker vessel on Friday afternoon in the southern port of Pasir Panjang.
Houthis Say they Attacked Two Ships and American Destroyer
Yemen's Houthis said on Sunday that they had attacked two civilian ships along with an American destroyer in the Red Sea and Arabian Sea, their latest effort to disrupt shipping in what they say is support for Palestinians in Gaza.In a statement, the Houthi military spokesperson, Yahya Saree, said the militant group fired ballistic missiles at the American destroyer, naval missiles at a ship called the Captain Paris, and drones at a ship called the Happy Condor.
Jan De Nul Orders Plug-in Hybrid Hopper Dredge
Dutch dredging and marine services contractor Jan De Nul Group announced it has signed a contract with Indian shipbuilder Goa Shipyard for the construction of a new trailing suction hopper dredger (TSHD). The vessel is a plug-in hybrid specifically designed to operate in small harbors.With its 79 meters hull length, the new vessel will be the smallest of Jan De Nul Group’s hopper fleet. It has a hopper capacity of 2…
Houthi-hit Bulk Carrier Tutor Abandoned and Adrift
The crew of a Greek-owned vessel damaged in an attack by Yemeni Houthi militants has been evacuated, and the abandoned ship is drifting in the Red Sea, the United Kingdom Maritime Trade Operations said on Friday.One sailor from Tutor, the Liberia-flagged coal carrier, remains missing, officials in the Philippines said.The attack near the Yemeni port of Hodeidah on Wednesday caused severe flooding and…
Russia Boosts Oil Revenues as Shipping and Trading Network Grows
Russian oil exporters are charging more for their oil in major market India than at any time since the war in Ukraine started as a growing number of shippers and intermediaries take part in the trade, weakening the impact of Western sanctions on Moscow.The exporters have had to offer deep discounts to encourage shipping companies and traders to move their crude and brave the risk of sanctions since Russia's full-scale invasion of Ukraine in February 2022.Among the restrictions…
