Maritime Industry Top News
DNV, JIP Partners Enter Phase 2 To Develop Best Practices For Safe Offshore Wind Installation
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DNV and its partners on Thursday confirmed the completion of Phase 1 of a joint industry project (JIP) on Bottom Impact and Partially Submerged Conditions, which has resulted in a new framework for optimizing the installation process of offshore wind turbines. "New partners are encouraged to join Phase 2, which will focus on validating models and establishing common best-practice guidelines to the benefit of the entire industryâŠ
Freeport LNG Plant to Require Full US Approval Before Partial Restart
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The second-largest U.S. liquefied natural gas export plant, idled for five months by a fire, must receive full approvals before a planned November restart can begin, regulator Pipeline Hazardous Materials and Safety Administration (PHMSA) said on Wednesday.Full approval adds to the hurdles for restarting Freeport LNG, one of the earliest and biggest U.S. export facilities. The closely-held companyâŠ
US Corn, Soy Exports Lag Normal Autumn Pace Amid River Shipping Woes
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U.S. soybean exports are trailing their normal autumn pace despite rising supplies from an accelerating harvest, as low river levels have slowed the flow of grain barges to export terminals, according to U.S. Department of Agriculture (USDA) data issued on Monday.Corn exports are also lagging their typical harvest-time rate, weekly USDA export inspections data showed.Low water on the Mississippi RiverâŠ
Chile Uses High-tech Buoys to Protect Migrating Whales
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A smart buoy that can "hear" the ocean and monitor climate change is part of a new effort to help endangered whales avoid ship collisions on their journey from Antarctica to the equator.The buoy was installed in the Gulf of Corcovado, some 1,100 kilometers (684 miles) south of Chile's capital, in early October and is the first of many planned by the Blue Boat Initiative, a project designed to protectâŠ
Kongsberg Wins Deal to Equip Sweden's New All-electric Ferries
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Kongsberg Maritime on Wednesday announced it has signed a contract with Holland Shipyards Group to provide electrification and control systems with automated functionalities for up to four new all-electric ferries for the Swedish Transport Administration, with two firm for delivery and an option for two more.Kongsberg Maritime said it has been tapped to provide the ferriesâ electrical systems, as well as a control system suiteâŠ
DFDS Wins Tender to Continue Newhaven-Dieppe Service
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DFDS has won the tender to operate ferries between Newhaven, U.K. and Dieppe, France, clearing the Danish operator to continue its service on the route for the next five years.âWe are delighted to be awarded the contract to continue operating the important ferry link between Newhaven and Dieppe. This secures hundreds of local DFDS jobs and enables us to continue our ambitious plans to invest in the routeâŠ
Nippon Yusen to Invest in Pertamina's Shipping Unit
![L to R: Salyadi SaputraïŒDirector of Strategy, Portfolio & New Ventures / PT Pertamina (Persero) - Rahmi Amini: Director / PT Pertamina Pedeve Indonesia - Pahala Mansury: Deputy Minister / Ministry of State Owned Enterprises Yuji Nishijima: Executive Officer / NYK - Yoki Firnandi, Chief Executive Officer / PT Pertamina International Shipping ©NYK](https://images.marinelink.com/images/maritime/w200h200c/l-to-r-salyadi-saputradirector-136023.jpg.jfif)
Japan's Nippon Yusen said on Wednesday it will invest in Pertamina International Shipping (PIS), a unit of Indonesia's state energy firm Pertamina, without disclosing terms of the deal. ,The move by Japan's biggest shipping company is aimed at expanding business in Indonesia, where energy and energy transportation demand are expected to increase in tandem with the country's economic growth, a spokesperson for Nippon Yusen said. Nippon Yusen plans to complete the deal by the end of 2022.
Baglietto Navy Partners with MST Group
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Baglietto Navy, the military division of the historic shipyard based in La Spezia, announce it has formed a commercial partnership with MST Group, a company with headquarters in Bromborough (UK), specializing in the design and construction of military naval units up to 32m in length. The agreement was secured amid the active collaboration of METCO METALS, in the person of Giuseppe Censabella, MST GroupâsâŠ
Severe Weather Led to Fatal Seacor Power Capsizing
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Severe winds during a thunderstorm led to a loss of stability and ultimately the capsizing of the liftboat Seacor Power, the National Transportation Safety Board (NTSB) said Tuesday during a public board meeting. Of the 19 people aboard the vessel, six died and seven are missing, presumed dead. Six people were rescued by the U.S. Coast Guard and other vessels. The Seacor Power, valued at $25 millionâŠ
AMSC Takes Delivery of Construction Support Vessel. Leases it to Solstad Offshore
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American Shipping Company ASA (AMSC) has completed the acquisition and taken delivery of the Normand Maximus construction support vessel.The vessel has already started a long-term bareboat charter with a subsidiary of the Norwegian offshore vessel operator Solstad Offshore upon delivery."The Normand Maximus is a premier offshore construction vessel and one of the most modern heavy duty subsea vessels.
U.S. Envoy in Lebanon Next Week with Maritime Deal to Sign
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U.S. energy envoy Amos Hochstein will be in Beirut next week carrying a copy of the maritime agreement with Israel for Lebanese officials to sign, Lebanese negotiator Elias Bou Saab told Reuters on Wednesday. The deal - hailed by all three parties as a historic achievement - marks a diplomatic departure from decades of war and hostility and once in force will open the door to offshore energy exploration. "Hochstein will be in Beirut next week with the agreement that we will sign," Bou Saab said.
Police Guard LNG Ports as Germany Fast-tracks Critical Infrastructure Law
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Germany has ordered police to guard LNG terminals under construction and increased aerial supervision of its rail network as it prepares a law to bolster the protection of critical infrastructure, its interior minister told Reuters.Suspected sabotage on the German rail network and on the Baltic Sea gas pipelines linking Germany and Russia in recent weeks have raised concerns about the country's exposureâŠ
Shareholders Approve SAAM's $1 Billion Terminals Sale to Hapag-Lloyd
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SAAM shareholders at an extraordinary shareholderâs meeting on Tuesday approved a deal valued at about $1 billion to sell 100% of the shares of its subsidiaries SAAM Ports and SAAM Logistics, as well as the real estate assets belonging to the logistics business, to the German liner shipping company Hapag-Lloyd.The agreement, first announced earlier this month, consists of selling SAAMâs stakes in the 10 port terminals it operates in six countries in the Americas (five are in Chile)âŠ
Höegh Autoliners Exercises Option to Buy 2099-built RoRo
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Höegh Autoliners announced it has exercised its option to purchase Höegh St. Petersburg for $29,300,000, well below the $70 million average market value estimated by three different brokers for the end of Q3.âHöegh Autoliners is again demonstrating its commitment to serve and build a long-term relationship with our customers based on a fleet we own and control. All our deep-sea operated vessels are owned (29 vessels) or on charters with purchase options (five vessels).
USACE Orders Crane Barge for St. Marys River
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The U.S. Army Corps of Engineers, Detroit District in concert with the Philadelphia District and the Marine Design Center awarded a 11.4 million contract to Southwest Shipyard in Houston for a new crane barge on the St. Marys River.âThe new crane barge will perform critical lock and hydropower facility maintenance at the Soo Project Office (Soo Locks),â said Justin Proulx, Chief of the St. Marys River Section.
Crude Tanker Rates Expected to Stay Strong Despite Russia Turmoil
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Prospects for the crude oil tanker market are expected to stay strong for at least the next year helped by low ship ordering, despite the loss of some trade from Russia due to Western sanctions, leading ship operators say.Russia has increased exports to Asia, Africa and South America following the imposition of Western sanctions for its invasion of Ukraine.
Peacock Set to Take Over as CEO of The Shipownersâ Club
![Simon Swallow and Simon Peacock (Photo: The Shipownersâ Club)](https://images.marinelink.com/images/maritime/w200h200c/simon-swallow-and-simon-peacock-136037.jpg)
The Shipownersâ Club, a P&I insurer in the smaller and specialist vessel sector, announced Simon Peacock will take over as CEO in 2023.Current CEO Simon Swallow will be stepping down on May 25, 2023 before starting his retirement on August 3, 2023. The current Chief Financial Officer (CFO), Simon Peacock, will be the incoming CEO on May 25, 2023. Marcus Tarrant, currently Director and Chief Actuary of the Clubâs management companyâŠ
Tianjin Southwest Maritime to Convert LPG Carrier Pair for Dual-fuel Operations
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MAN Energy Solutionsâ after-sales division, MAN PrimeServ, has announced the signing of a contract to retrofit two LPG carriers for Tianjin Southwest Maritime Ltd. â the Chinese liquefied-gas carrier operator. The COSCO Shipping Heavy Industry (Guangdong) yard will host the respective conversions of the individual MAN B&W 6G60ME-C engines aboard the âGas Geminiâ and âGas Aquariusâ to dual-fuel MAN B&W 6G60ME-LGIP units capable of running on LPG.
Himalaya Shipping Secures Time Charters for Four More Ships
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Himalaya Shipping on Monday announced it has entered into time charter agreements for four dry bulk vessels with Koch Shipping Pte Ltd.The bulk carrier newbuilds will commence a 24-month time charter with an evergreen structure upon delivery from China's New Times Shipyard in the second and third quarter of 2023, with certain options to roll two charters to 2024.Himalaya Shipping said the vessels will earn an index linked rateâŠ
Eastern Cuts Steel for Fourth USCG Offshore Patrol Cutter
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Eastern Shipbuilding Group, Inc. (ESG) commenced construction of U.S. Coast Guard Cutter (USCGC) Rush (WMSM-918), the fourth hull of the Heritage Class Offshore Patrol Cutter (OPC) program. The occasion was observed by leaders of the U.S. Coast Guard Project Resident Office at ESGâs Allanton Shipyard where the first steel plates were cut by ESG personnel in the builderâs 103,000-square-foot steel andâŠ