Maritime Industry Top News
Maersk CEO Expects Holiday Volumes to Be Less than Usual
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A.P. Moller-Maersk's chief executive said on Thursday he expects a "modest" pick-up in trade for the upcoming holidays this year amid concerns about the slowing global economy and consumer demand."Volumes headed into the Christmas season are lower than a normal year," Soren Skou said in a Reuters Newsmaker interview.Ocean freight volumes will be flat or lower this year, though there is still congestion in global supply chains, he said. U.S.
Drone Activity Observed Near Total Offshore Installation in North Sea
TotalEnergies said on Thursday it had observed "unauthorized drone activity" near one of its offshore oil and gas installations in the North Sea.Denmark, has like other countries in the region, raised
Philly Shipyard Lays Keel for Second NSMV
![(Photo: Philly Shipyard)](https://images.marinelink.com/images/maritime/w200h200c/photo-philly-shipyard-135531.jpg)
Philly Shipyard held a keel laying ceremony on Thursday for the second vessel in a series of new purpose built, state-of-the-art training ships for America’s state maritime academies.The newbuild, to be named Patriot State, is the second of five new National Security Multi-Mission Vessels (NSMV) being built under a program for the U.S. Department of Transportation Maritime Administration (MARAD), which owns and operates training ships for the nation's state maritime academies.
Australia Rules Out Curbs on LNG Exports after Producer Deal
![Credit: 4680.photo/AdobeStock](https://images.marinelink.com/images/maritime/w200h200c/credit-4680photoadobestock-135520.jpg)
Australia will not put curbs on gas exports after reaching a deal with its three east coast producers of liquefied natural gas (LNG) to avert a forecast supply crunch, Resources Minister Madeleine King said on Thursday.The government threatened the export curbs in August, worrying Asian buyers and LNG investors, following a warning by the competition watchdog that the east coast market faced a shortfall…
Wind-powered Cargo Capacity Surpasses One Million DWT
![Mitsui OSK Line’s installation of wind propulsion technology on a 99,000DWT bulker tips the balance of wind-powered cargo capacity over one million DWT (Photo: MOL)](https://images.marinelink.com/images/maritime/w200h200c/mitsui-osk-lines-installation-of-135492.jpg)
The latest installations of wind propulsion technology on large commercial vessels have tipped the amount of cargo that can be transported on vessels that make use of wind as a renewable energy source over the one million tonnes of deadweight (DWT) milestone.The timing of wind-powered ship propulsion passing this pivotal milestone comes in the same week that the industry celebrates World Maritime Day and its theme "New Technologies for Greener Shipping".In recent years…
AMP President Slams Jones Act Waiver
![On September 22, President Joe Biden received a briefing from FEMA Administrator Deanne Criswell and Region 2 Administrator David Warrington on the impact Hurricane Fiona had on Puerto Rico. (Photo: K.C. Wilsey / FEMA)](https://images.marinelink.com/images/maritime/w200h200c/on-september-22-president-joe-135518.jpg)
The president of a U.S. maritime trade group has slammed a decision by the Biden administration to approve a temporary Jones Act waiver for vessels shipping oil and other essential commodities to Puerto Rico in the wake of hurricane Fiona.“Granting of this waiver rewards calculated and predatory behavior that undermines a dedicated American supply chain for Puerto Rico, and it is a harmful precedent that invites similar cynical stunts by foreign oil traders…
Maersk Training, NaMICPA to Set Up GWO Training Center in Nagasaki
![From left to right:
Kasper Hammer, Alex Nielsen, Maria Iben Matthiesen, Hiroshi Matsuo, David Skov, Hiroaki Nagatomi, Tonny Møller](https://images.marinelink.com/images/maritime/w200h200c/from-left-to-rightkasper-hammer-135515.jpg)
Maersk Training and Nagasaki Marine Industry Cluster Promotion Association (NaMICPA) have signed a consultancy agreement, in which Maersk Training provides support to NaMICPA, establishing a training center in Nagasaki, Japan. The preparations for the training center in Nagasaki are funded by the Nippon Foundation. The collaboration is the next step in securing NaMICPA as the region’s leader in Basic…
NAT Sells 19-year-old Suezmax Tanker
Nordic American Tankers (NAT) announced it has sold a 2003-built suezmax tanker for $21 million net. The buyer is a major international energy company, NAT said…
Container Rates: Slide Begins as Long-term Shipping Rates Fall -Xeneta
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Long-term contracted rates fell by 1.1% in September, marking the first drop since January and one of only three declines in the past 21 months, recent data from the Xeneta Shipping Index (XSI) reveals. However, analysts at Oslo-based Xeneta, which aggregates data from leading global shippers and freight forwarders, expect “it won’t be the last”, with market fundamentals suggesting the “halcyon days”…
Rain Lifts Rhine Water Levels, Helps Cool Off Cargo Rates
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Water levels on the river Rhine in Germany have risen sharply after rain this week, approaching normal levels and helping cool off cargo shipping rates, vessel brokers and commodity traders said on Thursday.Prices for cargo shipping are falling as vessels are able to load more freight, they said.Spot prices for a liquid tanker barge from Rotterdam to Karlsruhe south of Kaub were at about 55 euros a tonne on Thursday…
CBO Taps Wärtsilä for Offshore Vessel Fleet Decarbonization
![© Companhia Brasileira de Offshore (CBO)  ](https://images.marinelink.com/images/maritime/w200h200c/companhia-brasileira-de-offshore-cbo-135509.jpg)
Finland-based marine enginer maker and maritime technology provider Wärtsilä and Brazil-based offshore vessel owner Companhia Brasileira de Offshore (CBO) have signed an agreement for decarbonisation modelling. The objective is to support and accelerate CBO´s journey towards decarbonised operations for its fleet of offshore support vessels, which is one of the largest in its segment in Brazil, Wärtsilä…
PTT, AET Pen MoU to Build Zero-emission Aframaxes
![(L-R) Mr Disathat Panyarachun, Senior Executive Vice President, International Trading
Business Unit, PTT / Capt. Rajalingam Subramaniam, AET President & CEO and MISC Group COO](https://images.marinelink.com/images/maritime/w200h200c/lr-mr-disathat-panyarachun-senior-135507.jpg)
Thai national energy company PTT and tanker operator AET have signed a Memorandum of Understanding (MOU) for the development and construction of two zero-emission Aframaxes to be powered by green ammonia.Jointly, PTT and AET working to encourage the use of green ammonia as a main propulsion fuel. AET will select a suitable shipyard and the two zero-emission dual-fuel tankers are to be delivered to PTT for long-term charters in Q4 2025 and Q1 2026 respectively.Disathat Panyarachun…
Subsea 7 Charters Otto Candies, Bordelon Marine Vessels for GOM Ops
![Credit; Subsea 7](https://images.marinelink.com/images/maritime/w200h200c/credit-subsea-7-135505.png)
Subsea 7 has signed four long-term vessel charter agreements in the Gulf of Mexico with Otto Candies and Bordelon Marine to boost offshore construction, inspection, maintenance, and repair (IRM), ROV survey, and pipe/umbilical laying support activities. in the Gulf of Mexico. Grant Candies, Wyatt Candies, and Ross Candies are IRM, survey, and light construction vessels under charter with Otto Candies LLC. The Connor Bordelon is a multipurpose supply vessel under charter with Bordelon Marine LLC.
Solstad Offshore Wraps Transition of All Fleet Connectivity to Marlink
![Credit: Marlink](https://images.marinelink.com/images/maritime/w200h200c/credit-marlink-135504.jpg)
Maritime satellite communications company Marlink said Thursday that it had secured overall responsibility for the provision of hybrid network connectivity to the Norwegian offshore vessel owner Solstad Offshore. In January 2020, Solstad Offshore renewed its connectivity contract with Marlink, committing 65 offshore vessels to Marlink’s high-throughput Ku-band VSAT service. The remaining 25 ships will now be migrated to Marlink’s smart hybrid network…
Hurricane Ian Shuts 157,706 BPD of Oil Output in U.S. Gulf of Mexico
![Credit: NASA](https://images.marinelink.com/images/maritime/w200h200c/credit-nasa-135502.jpg)
About 157,706 barrels, or 9%, of oil production in the U.S. Gulf of Mexico were shut on Wednesday by Hurricane Ian, said offshore regulator Bureau of Safety and Environmental Enforcement.Hurricane Ian was lashing Florida's Gulf Coast with powerful winds and drenching rain, but the Category 5 storm steered clear of the Gulf's richest oil production areas. A total of 16 oil and gas production platforms were evacuated by Ian on Wednesday…
US Approves Temporary Jones Act Waiver for Storm-hit Puerto Rico
The Biden administration on Wednesday approved a waiver of U.S. shipping rules to address Puerto Rico’s immediate energy and other essential needs in the wake of…
Cruise Lines Cancel Sailings as Hurricane Ian Hits
![(Photo: NOAA)](https://images.marinelink.com/images/maritime/w200h200c/photo-noaa-135497.jpg)
Several cruise lines have announced canceled sailings as hurricane Ian barreled over Florida as a category four storm.Carnival Cruise Line on Tuesday canceled two Thursday sailings from Florida due to port closures while also calling off several stops on certain ships already out at sea.Disney Cruise Line on Tuesday canceled its Disney Wish voyage that was to scheduled to sail from Florida on Friday.Norwegian…
Phoenix Wins $112 Million Navy Contract
![File photo: Derek Harkins / U.S. Navy)](https://images.marinelink.com/images/maritime/w200h200c/file-photo-derek-harkins-us-135496.jpg)
Phoenix International Holdings Inc. announced it has been awarded a $112 million cost-plus-award-fee, indefinite-delivery/indefinite-quantity contract for worldwide undersea deep ocean search and recovery operations and engineering and technical support to the U.S. Navy Director of Ocean Engineering, Supervisor of Salvage and Diving (SUPSALV). Work will be performed worldwide and is expected to be completed in September 2027.Commenting on the award…
Ulstein Develops High-capacity Foundation Installation Vessel
![(Image: Ulstein)](https://images.marinelink.com/images/maritime/w200h200c/image-ulstein-135489.jpg)
Norwegian-based shipbuilding and design group Ulstein has unveiled the design for a new foundation installation vessel enabling operators and contractors to efficiently transport and install monopiles or jacket foundations up to 5,000 tons.The new ULSTEIN HX122 vessel features an ULSTEIN X-BOW and an ultra-high-capacity 8,000 mt crane, engineered for the next generation of foundations in the offshore…
Wing Sail-fitted VLCC Newbuild Delivered
![New Aden (Photo: CCS)](https://images.marinelink.com/images/maritime/w200h200c/new-aden-photo-ccs-135494.jpg)
A Chinese-built very large crude carrier (VLCC) fitted with fuel-saving and emissions-reducing wing sails has been delivered to China Merchants Group.The New Aden was handed over from Dalian Shipbuilding Industry Co., Ltd (DSIC) to China Merchant Energy Shipping Co., Ltd (CMES) on September 24. Built to China Classification Society (CCS) class, the newbuild tanker is equipped with two pairs of new generation rigid wing sails made of carbon fiber composite…