Maritime Industry Top News
USACE Gives Update on Monongahela River Locks and Dam 3
The U.S. Army Corps of Engineers Pittsburgh District said it is expediting the opening of a 100-foot-wide navigation channel through the dam at Monongahela River Locks and Dam 3 near Elizabeth, Pennsylvania, by August 28.On July 15, the Monongahela River Locks and Dam 3 staff near Elizabeth, Pa., discovered an issue with the water level in the primary lock chamber. The district implemented a 7-foot…
US Navy Orders Two More Landing Craft Utility Vessels from Austal USA
Mobile, Ala. shipbuilder Austal USA has been awarded a $54,997,317 fixed-priced incentive (firm-target) contract modification for the construction of two additional Landing Craft Utility (LCU) 1700-class vessels for the U.S. Navy.Austal USA was awarded an initial contract for the construction of three LCU 1700-class vessels, with options for an additional nine vessels, in September 2023. The potential…
Geopolitical Fighting Negatively Impacts Ship Recycling
As Russia's war continues to rage in Ukraine and tensions hit a fever pitch in the Middle East, zooming out of the ship recycling markets, GMS sees geopolitical events taking centerstage across all shipping sectors (trading and recycling) for yet another week, with no end in sight. The mysterious bombing assassination of one of the founding members of Hezbollah in the heart of the Iranian capital city of Tehran early in the week sent shockwaves across the Arab world…
COSCO and Wallem Group Forge Strategic Maritime Partnership
Maritime solutions provider Wallem Group and China’s COSCO Shipping Seafarer Management Company have entered into strategic cooperation to enhance their collaboration in maritime industry.The partnership underscores both companies’ commitment to innovation and sustainability in the maritime industry, aiming to set new benchmarks in ship management and crew services. “We are honored to partner with COSCO Shipping Seafarer Management Company to work together towards common goals on green…
Italian Navy Orders Fourth Patrol Vessel from Fincantieri, Leonardo JV
Orizzonte Sistemi Navali (OSN), a joint venture owned by Fincantieri (51%) and Leonardo (49%), has received notification from the Italian Navy that it has exercised its option for the construction of the fourth next-generation offshore patrol vessel (OPV) and the related logistical support.The total value of the operation is about $255.7 million (€236 million).In the coming days, OSN will finalize sub-contracts by notifying the option exercise to Fincantieri and Leonardo…
Can You 'Hear' Good Engine Performance?
CM Technologies (CMT) added a fuel injection acoustic emission sensor to its PREMET X range of two- and four-stroke diesel engine performance indicators, allowing engineers to monitor the acoustic signature of a diesel engine’s fuel injection system to detect any problems with fuel injectors, nozzles, and pumps.“Atomization and fuel injection timing are the most important variables in the combustion process, correlating directly with the amount of fuel consumed and carbon emitted.
SV Juren Ae sets Sail
SV Juren Ae (IMO no. 1021245) was delivered to the Marshall Islands Shipping Corporation (MISC) July 31, 2024, a 'low carbon' vessel funded by the International Climate Initiative (IKI), built at Asia Shipbuilding in Geoje City, Korea and classed by KR.SV Juren Ae is a 48-m, 300 dwt supply vessel, the result of a collaborative effort led by the German Society for International Cooperation (GIZ) through…
Woodside to Buy Ammonia Project on US Gulf Coast for $2.35B
Australia’s Woodside Energy has signed an agreement with Dutch-based OCI Global to acquire its clean ammonia project for $2.35 billion, which is still under construction on the U.S. Gulf Coast in Texas.Woodside has entered into a binding agreement to acquire 100% of OCI Clean Ammonia Holding, and its lower carbon ammonia project in Beaumont, in a move that strengthens the company’s transition to green…
Geopolitical Events Continue to Shape Ship Recycling Market
“We see geopolitical events take center stage across all shipping sectors (trading and recycling) for yet another week,” reports cash buyer GMS. It is expected to continue through Q3 and likely well into Q4.GMS cites events such as the assassination of one of the founding members of Hezbollah in the heart of the Iranian capital city of Tehran, rockets fired into Israel and expected continued attacks…
China Coast Guard Monitors Philippine Patrol Boats in Sabina Shoal
China's coast guard said it was monitoring Philippine patrol and fishing vessels that have gathered around the contested Sabina Shoal, citing China's "indisputable sovereignty" over the Spratly Islands in the South China Sea.China's coast guard had been monitoring the vessels since Saturday, spokesperson Gan Yu said in a statement late on Sunday.Gan said patrol boats from the Philippine Fisheries and Aquatic Resources Bureau and multiple fishing boats have gathered in the waters near a Philippin
New Zealand Scraps Green Policies to Boost Economy
New Zealand's green credentials are at risk as the government rolls back environmental reforms in a bid to boost a flailing economy and fulfil promises made to its voters.Since taking power last year, Prime Minister Christopher Luxon's center-right coalition announced it will reverse a ban on oil and gas exploration, push the pricing of agricultural emissions back five year and encourage more mining.This…
Japan Kills First Fin Whale in Commercial Whaling Program
Japan’s state-owned whaling company, Kyodo Senpaku, has killed a fin whale off Iwate Prefecture.The 19.6 meter, 55-tonne male was caught using Kyodo Senpaku’s new whaling ship, the 9,300-ton Kangei Maru, which entered operation in March.Japan’s Ministry of Agriculture has added 59 fin whales to its existing quotas for minke whales, Bryde’s whales and sei whales.Fin whales are the second largest of…
Esgian Week 31 Report: Busy Week for Borr Drilling, Valaris, Transocean and Noble
Esgian provides an update on what has been a busy week in the offshore drilling market in its Week 31 Rig Analytics Market Roundup.Report SummaryContractsBorr Drilling has confirmed new contracts for several of its 400-ft jackups, including work for the Arabia I in Brazil, Gunnlod in Malaysia, and Norve in Gabon. Borr stated that these new commitments cover a total 1,779 days and $332 million in contract revenue…
Singapore Oil Spill Clean-Up Ahead of Schedule
Sentosa Development Corporation (SDC) has announced that Siloso, Palawan and Tanjong Beach will reopen for swimming and all sea activities in August, with Siloso Beach being the first to reopen, with immediate effect after an extensive oil spill cleanup operation.The milestone comes one and a half months after the oil spill on June 14, 2024, when the Netherlands-flagged dredger Vox Maxima struck a stationary Singapore-flagged bunker vessel Marine Honour…
Conrad Shipyard Hosts Ceremony for First-of-class US Navy Barge
Conrad Shipyard held a ceremony at its shipyard in Amelia, La. recognizing the first-of-class yard, repair, berthing, messing vessel (YRBM) it is building for the U.S. Navy.Scheduled for delivery to the Navy in San Diego later this year, YRBM-57 will serve as pierside living accommodations for U.S. Navy sailors. It is capable of berthing 199 mixed gender personnel, messing for 300 personnel and includes spaces for medical offices…
Houthis Claim First Attack on Shipping in Two Weeks
Yemen's Iran-aligned Houthi movement said on Sunday that it targeted a Liberia-flagged container vessel in the Gulf of Aden, claiming its first attack on shipping lanes since Israel carried out a retaliatory airstrike in Hodeidah port on July 20.Houthi military spokesperson Yahya Saree said in a televised statement that the MV Groton was attacked by ballistic missiles.British maritime agency UKMTO…
Fuel Removed from Yacht that Struck a Reef in Puerto Rico
Salvors have lightered bulk diesel fuel from a luxury yacht that grounded on a reef just off Flamenco Beach in Culebra, Puerto Rico, the U.S. Coast Guard said.The 72-foot sailing catamaran Obsession was reportedly traveling with four people on board from Puerto Rico to the British Virgin Islands when it struck a reef during a stop in Culebra on July 21. No injuries were reported.The fuel removal was conducted by Resolve Marine and Clean Harbors…
Biagio Mazzotta Takes Over as Fincantieri Chairman
Italian state-controlled shipbuilding giant Fincantieri announced public finance expert Biagio Mazzotta has been appointed as chairman of its board of directors. The move follows the untimely death of General Claudio Graziano, who had been appointed in May 2022.Mazzotta's appointment comes at the recommendation of shareholder CDP Equity S.p.A., which submitted Mazzotta's candidacy for independent evaluation in a letter dated August 1…
US Navy Opens Upgraded Berth at Portsmouth Naval Shipyard
U.S. Navy leadership held a ribbon-cutting ceremony on July 30 to celebrate the modernization of Berth 6 at Portsmouth Naval Shipyard. The $35 million project marks a milestone in the ongoing Shipyard Infrastructure Optimization Program (SIOP), aimed at upgrading facilities to support the Virginia and Los Angeles-class submarines.Originally constructed in 1903, Berth 6 has undergone extensive repairs and upgrades to its dockside utility services.
Two Canadian Arctic and Offshore Patrol Ships Named
Two new Arctic and Offshore Patrol Ships (AOPS) under construction for the Canadian Coast Guard were named during a ceremony at Irving Shipbuilding's Halifax Shipyard. The July 31 event also marked the official keel laying for AOPS 7, and celebrated construction start of AOPS 8.AOPS 7, the first AOPS for the Canadian Coast Guard, will be named CCGS Donjek Glacier after the Donjek Glacier located in Kluane National Park in Yukon.