Maritime Industry Top News
Contract Extension Keeps Siem Dorado Vessel Busy Until Late Q2 of 2024
Norwegian offshore vessel owner Siem Offshore has been awarded a contract extension for the multi-purpose support vessel Siem Dorado.The contract extension secures utilization for a period reaching towards the end of Q2 2024.The contract is expected to start in direct continuation of the current contract with continued operations expected outside the North Sea.Built in 2009, the Siem Dorado is a diesel electric-driven vessel.
Furetank and Algoma JV Orders Two More Vessels
Furetank and Algoma Central Corporation announced further expansion of their FureBear joint venture with orders for two additional vessels. The two ships will be constructed at China Merchants Jinling Shipyard in Yangzhou, China, with delivery expected in second and third quarters of 2026.The new order for Vinga series vessels grows the FureBear joint venture to a total of 10 intermediate product tankers under construction, with the first vessel slated for delivery in the first quarter of 2024.
China's 'Teapot' Refiners Mop Up Swelling Iranian Crude, Defying US Curbs
Appetite for Iranian crude is growing in China, the world's biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia boosted global prices, while Tehran is stepping up output and exports despite U.S. sanctions.Although China's "teapots", or small independent refiners, are stocking up on Iran's discounted oil as they exploit robust margins to fill strong seasonal demand, big…
Maersk Sets Up Green Methanol Company
Maersk has teamed up with its majority owner to form a new company to produce "green methanol", the shipping company said on Thursday, as it held a naming ceremony for the world's first container vessel powered by the low-carbon fuel.Green methanol, produced either from biomass or captured carbon and hydrogen from renewable power, can reduce carbon dioxide emissions from container ships by 60% to 95%…
DFFU's New Trawler Arrives at Vard Brattvaag for Completion
The Romanian-built hull of a new stern trawler being constructed forGermany's Deutsche Fischfang Union GmbH & Co. KG (DFFU) has arrived Vard Brattvaag in Norway for completion.The stern trawler is of VARD 8 03 design and developed in close cooperation with DFFU. The new vessel is 84 meters long with a 16.7-meter beam and accommodation for 34 people on board.The hull was built at Vard Braila in Romania.
Historic Moment: World's First Green Methanol-Powered Container Vessel Named in Denmark
Ursula von der Leyen, the president of the European Commission, on Thursday named the world’s first-ever container vessel sailing on green methanol.At a ceremony in Copenhagen on September 14, where the Maersk-owned vessel arrived from Ulsan in South Korea, Von Der Leyen acted as the ship's godmother and named the vessel 'Laura Maersk'.The Danish-flagged 172-meter-long vessel has been described as a key milestone for A.P.
Port of Aberdeen's Shore Power Project to Dramatically Cut Vessel Emissions
Port of Aberdeen said Thursday it had been awarded funding from the UK Government for a multi-million-pound project to design and deliver the first large-scale landside and vessel-side shore power system in Scotland."The demonstrator project will cut vessel emissions at the berths by more than 80% compared with burning marine fuel and save in excess of 60,000 tonnes of CO2 equivalent over the next 20 years…
Shippers Launch Tender to Accelerate Zero-Emission Shipping
The Zero Emission Maritime Buyers Alliance (ZEMBA) has launched a Request for Proposals (RfP) for 600,000 TEUs over a three-year period on ocean vessels powered by zero-emission fuels.This will help its member companies reduce nearly one million metric tonnes of carbon emissions, equivalent to taking 215,000 cars off the road. The RfP is the first major buyer-led initiative to accelerate the transition to zero-emission maritime fuels.
Singapore Announces Maritime Scholarship Awards
At an award ceremony in Singapore this week, 60 MaritimeONE Scholarships and seven Tripartite Maritime Scholarships (TMSS) were presented, sponsored by 34 partners from industry, foundations, and unions.The number surpassed last year’s award of 54 scholarships by 27 partners. More companies have come onboard to support MaritimeONE Scholarships in recent years, reflecting the focus on talent development by Maritime Singapore.
US Dirty Tanker Export Demand Jumps
During the first eight months of 2023, US dirty tanker export demand increased 33% year-on-year while the global dirty tanker exports increased only 5%. Measured in deadweight tonne miles, US exports now account for 14% of global dirty tanker demand, says Niels Rasmussen, Chief Shipping Analyst at BIMCO.US oil production has increased since 2013 while US refinery runs peaked before the COVID pandemic.
AEGIR-Marine and UPE Conduct Major Stern Tube and Propeller Repair Job
When on route to the Gulf of Mexico area, a fully laden bulker hit a buoy off the coast of Colombia damaging the propeller blades and aft seal assembly. A close detailed inspection revealed a missing rope guard, the entire seal box being distorted and dislocated from the stern tube and all five propelled blades damaged.Trained and certified UPE-dive technicians were mobilized, together with special habitat and relevant equipment…
MARAD Taps CNA to Help Inform New National Maritime Strategy
The U.S. Department of Transportation's Maritime Administration (MARAD) announced it has selected the Center for Naval Analyses (CNA) to conduct a study that will help the agency create its new national maritime strategy.CNA is an independent, nonprofit Federally Funded Research and Development Center (FFRDC) sponsored by the Department of the Navy with expertise in researching sealift needs for national…
Video: Overboard Tanker Crew Member Rescued in the Gulf of Mexico
A mariner has been rescued after reportedly falling from a tanker in the Gulf of Mexico, the U.S. Coast Guard said on Wednesday.The Coast Guard said its watchstanders at Sector Houston-Galveston command center received a distress call on VHF-FM channel 16 at 9:23 a.m. from personnel aboard the Liberian-registered vessel Ghibli, stating that a crew member had fallen overboard about 10 miles offshore Galveston…
India, Russia to Widen Maritime Cooperation
India and Russia will explore the possibility of using new transport corridors such as the Northern Sea Route and Eastern Maritime Corridor between Vladivostok and Chennai to widen maritime cooperation, the Indian government said on Wednesday.A decision to work towards this was made during a meeting between India's Ports, Shipping and Waterways minister, Sarbananda Sonowal, and Russia's Development of the Far East and Arctic minister, A.O.
Sanmar Delivers Tug to Denmark's Port of Hirtshals
Sanmar Shipyards has delivered a new harbor tug to the Port of Hirtshals in Denmark where it will primarily assist increasingly large ferries to and from the quay in the port’s often notoriously windy conditions.Formerly part of Sanmar’s own fleet operating at Izmit Bay in Türkiye, the 2019-built tug Yeniçay X has been renamed Sibba by its new owners. It replaces the port’s previous tug which was built…
Expedition Cruise Ship Remains Stuck Aground in Greenland
A luxury cruise ship carrying 206 people remained stuck in a remote Greenland location on Wednesday after running aground earlier this week, the vessel's operator and rescue services said.The Danish m
Battle Heats Up for Hamburg Port Operator as MSC Makes $1.4 Billion Offer
Swiss-based MSC, the world's biggest container shipping company, has offered to buy almost half of the main operator of Hamburg port in a deal that could be worth nearly 1.3 billion euros ($1.4 billion), setting the stage for a potential bidding war.Shares in HHLA, which runs Germany's biggest port, soared 49% to a 19-month high as shortly after Wednesday's announcement German logistics billionaire Klaus-Michael Kuehne said he was considering a counter offer."We are examining the submission of a
Finnlines Names New RoPax Finnsirius
Finnlines on Wednesday held a naming ceremony in Naantali for its first of two new freight-passenger Superstar vessels, Finnsirius.The new ro-pax vessel, part of Finnlines €500-million Green Investment Program, was built by China Merchants Jinling Shipyard in Weihai, China.“Finnsirius is Finnlines’ new eco-efficient flagship, designed specifically for the fast-paced freight transport route between Finland and Sweden.
New Company Will Combine Crowley and SEACOR Jones Act Tank Vessel Fleets
U.S. maritime companies Crowley and SEACOR Holdings' Seabulk Tankers have created a new joint venture that combines their liquid energy and chemical transportation vessels, operations and related services into a new, independent U.S. Jones Act service provider.The new company, Fairwater Holdings, will serve the U.S. domestic market with vessels and marine transportation solutions across the petroleum and chemical trades, as well as related third-party ship management services.
Rowing Boat Owner Sentenced in the UK After Man Was Lost Overboard
The owner and skipper of a rowing vessel has received a 12-month prison sentence after a 21-year-old was lost overboard in the middle of the Atlantic.In February 2016, Michael Johnson was swept overboard by a large wave in the North Atlantic Ocean, between the Canary Islands and Barbados, during a world record row attempt to cross the Atlantic Ocean in 32 days. The seven remaining crew members on board were unable to save Johnson.Simon Chalk…