Maritime Industry Top News
Bahri inks Deal to Acquire Nine Tanker Vessels
Bahri, the National Shipping Company of Saudi Arabia signed a Murabaha Financing Agreement with Alinma Bank to secure financing to support its fleet modernization program.Under the terms of the facility agreement, Alinma Bank will extend a credit facility worth $756 million to partially finance the purchase of nine Very large Crude Carriers (VLCCs).
GTT Secures Tank Design Job for Two Ultra Large Ethane Carriers
French engineering company GTT has received an order from Korean shipyard HD Hyundai Samho for the tank design of two new Ultra Large Ethane Carriers (ULEC).The order has been placed on behalf of shipowner Eastern Pacific Shipping.GTT will design the tanks of these two vessels, which will each offer total capacity of 150,000 m3. The tanks will be fitted with the Mark III membrane containment system…
Wärtsilä Books Order for Handling and Fuel Gas Supply Systems
Wärtsilä Gas Solutions, part of technology group Wärtsilä, has been contracted to supply the cargo handling and fuel gas supply systems for six newbuild medium-sized gas carrier (MGC) vessels.The new vessels are built at the Jiangsu Yangzi-Mitsui (YAMIC) Shipbuilding yard in China for a Japanese shipowner.The YAMIC yard is a joint venture between Yangzijiang Shipbuilding Group and Mitsui E&S Shipbuilding.The…
Russia Looks Into Nuclear-Powered Submarines as Alternative for Gas Export
Russia has begun designing nuclear-powered submarines to export liquefied natural gas (LNG) from the Arctic to Asia to try to nearly halve the journey time along the Northern Sea Route (NSR), a senior state official has said.Russia already uses nuclear-powered ice breakers to pave the way for such transport via the NSR, which runs along Russia's Arctic shores from Murmansk in the west to the Bering Strait in the east…
ONE Slashes Scope 1 Emissions
Singapore-based liner company Ocean Network Express (ONE) has released its Sustainability Report 2024 which indicates that it has achieved a 62% reduction in Scope 1 emissions intensity in FY2023 from a 2008 baseline.These efforts have yielded a 21% reduction in emissions intensity from 2018 to 2023.ONE has also received approval in principle for an ammonia dual vessel along with an investment in 12 13,000 TEU methanol dual-fueled vessels.
PIL Names LNG Dual-Fuel Container Ships
Pacific International Lines (PIL) has named its first two 14,000 TEU container vessels in a ceremony at Jiangnan Shipyard in China. They are the largest vessels in PIL’s fleet as well as the first to fully run on LNG.The vessels have been named Kota Eagle and Kota Emerald, conveying PIL’s aim to be a sustainable shipping line which co-exists harmoniously with nature and the environment.The vessels…
Santos Optimistic About 2024 Output
Australia's second-largest oil and gas producer Santos estimated its full-year production to be at the top half of its forecast range on Thursday, and said its Pikka project could start oil production as early as 2025.The company expects to report full-year production in the top end of the forecast range of 84 -90 million barrels of oil equivalent (mmboe), with 65.6 mmboe achieved year-to-date.The…
Australia to Invest Billions of Dollars in Nuclear Submarine Shipyard
Australia said on Wednesday it would invest billions of dollars over the next two decades to expand a shipyard in Western Australia that would become the maintenance hub for its nuclear-powered AUKUS submarine fleet.The government will make an initial investment of A$127 million ($85 million) over three years to upgrade facilities at the Henderson shipyard near Perth, Defense Minister Richard Marles…
SeaTac Marine Services Delivers Homes to Lahaina Fire Survivors
SeaTac Marine Services announced it has completed an ocean transit move of 110 housing modules in support of HomeAid Hawaii and their partners for the Ka La’i Ola development in Lahaina, Hawaii.The homes are part of more than 400 that will help facilitate permanent housing for survivors of the August 2023 Lahaina Fire.This September, 110 of the homes were safely and securely transported by SeaTac Marine Services via barge and offloaded at the Port of Kahului.
Italy Delivers First Migrants to Albania Under New Deal
A ship carrying the first group of migrants to be processed in Albania under a deal with Italy arrived in the port of Shengjin on Wednesday morning, setting in motion the first scheme by a European Union state to divert asylum seekers abroad.Italy has built two reception centres in Albania under its controversial programme, which aims to deter irregular arrivals to Italy but has been criticised by rights groups who say it restricts migrants' right to asylum.The Libra…
Anti-whaling Activist Watson Requests Political Asylum in France
Anti-whaling activist Paul Watson, detained in Greenland and awaiting possible extradition to Japan, has appealed to President Emmanuel Macron for political asylum in France his Captain Paul Watson Foundation said on Wednesday.US.-Canadian Watson, 73, founder of the Sea Shepherd conservationist group, was stopped by police when his ship docked at the port of Nuuk in Greenland on July 21.He has since been detained in Greenland…
Russia Designing Nuclear-powered Submarines to Transport Gas from the Arctic
Russia has begun designing nuclear-powered submarines to export liquefied natural gas (LNG) from the Arctic to Asia to try to nearly halve the journey time along the Northern Sea Route (NSR), a senior state official has said.Russia already uses nuclear-powered ice breakers to pave the way for such transport via the NSR, which runs along Russia's Arctic shores from Murmansk in the west to the Bering Strait in the east…
Keel Laid for Port of Milford Haven's New Pilot Boat
A keel laying ceremony signaled the start of construction on a new pilot transfer vessel currently being constructed by Next Generation Shipyards for the UK's Port of Milford Haven.Slated for delivery in 2025, the 22-meter vessel is designed to meet the unique demands of pilot transfer operations, providing advanced safety features, enhanced sea-keeping capabilities, and state-of-the-art technology to optimize performance in challenging conditions.Mike Ryan…
Large Fire Extinguished at Venezuela Oil Terminal
A huge fire that erupted early on Tuesday at an oil tank in Venezuela's La Salina terminal operated by state company PDVSA was extinguished on Wednesday, authorities said.The fire broke out during a storm at the facility used by the state oil company near Venezuela's western city of Cabimas to store and ship crude between domestic ports.Large balls of fire left a plume of black smoke and released hot steam, leaving a total of 24 employees and neighbors with minor injuries.
Greek Shipowners Betting Billions on Gas
Greek shipowners have spent an unprecedented $18 billion on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes according to new research by Veson Nautical's data intelligence arm VesselsValue.Approximately $13.8 billion of the figure has been spent on 59 liquefied natural gas (LNG) vessels, and approximately $4 billionn on 41 liquid petroleum gas (LPG) vessels…
Curtin Maritime Awarded Baltimore Dredging Contract
Long Beach, Calif. based dredging and marine services contractor Curtin Maritime Corp. has been awarded a contract worth more than $33 million to perform dredging work in Baltimore, Md. The $33,493,525 firm-fixed-price contract was awarded by the U.S. Army Corps of Engineers Baltimore District and is for Baltimore Harbor and channels maintenance dredging.Curtin Maritime was one of three bidders for the project, which is estimated to be completed by March 31, 2025.
LPG ‘Pre-fit’ Option for WinGD X-DF-A
WinGD introduced an option for its X-DF-A ammonia-fuelled engines to be delivered capable of running on liquified petroleum gas (LPG), a ‘pre-fit’ solution that could be of interest to vessels under construction for the anticipated global trade in ammonia, which will also be capable of transporting LPG.Named X-DF-P for the propane that is LPG’s primary component, the solution will be released to enable first engine deliveries in 2027…
Jet Fuel, up 11%, Powers Tanker Market
“During the first nine months of 2024, seaborne shipments of jet fuel increased 11% over 2023," said Niels Rasmussen, Chief Shipping Analyst at BIMCO. "Shipments were equivalent to 461 million barrels or 1.7 million barrels per day (mbpd). At the same time, airline passenger traffic measured in Available Seat Kilometres (ASK) exceeded 2019 levels for the first time since COVID,”Airline cargo traffic…
Tritek to Present New Interface for TRICON DP at ADIPEC
Tritek Power & Automation has set out plans to present a new graphical user interface for the TRICON DP during ADIPEC 2024 at ADNEC in Abu Dhabi.The new interface is based on Tritek's experience in building automation systems for more than a decade and valuable input from shipowners & DP operators. The graphical representation is based OpenBridge 5.0 produced by Ocean Industries Concept Lab at Oslo…
Lalizas Opens New Safety Equipment Branch in Canada
A few months after the announcement of the acquisition of REVERE Survival in Jacksonville, LALIZAS announced the establishment of LALIZAS Canada, effectively enhancing the company’s presence in the Americas.Miguel Norato has been appointed as the Country Manager of LALIZAS Canada.LALIZAS, a family owned company, has the vision to produce high quality products that ensure safety at sea, and distribute them in international markets.
