Maritime Industry Top News
Baltic Dry Index Gains for Third Straight Week
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, gained for the third straight week, helped by higher rates for all vessel segments, largely capesizes.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 45 points, or about 3.3%, at 1,424, the highest since late-December 2022, on Friday.The main index was up about 17.6% for the week.The capesize index gained 82 points, or about 5%, at 1,744.
Ross Offshore Charters Fishing Vessel for Offshore Survey Work
Norwegian offshore energy industry services firm Ross Offshore has agreed to charter Teige Gruppen's Sunny Lady fishing vessel for future offshore activities.The initial agreement is for the charter for the summer of 2023, but the parties envision long-term cooperation, too.Ross Offshore will use the vessel for seabed surveys. The vessel will be equipped with an observation ROV and be able to perform mapping- and environmental surveys."The first project starts in May…
Swan Energy's TOPL Awaits Lenders' Nod for FSRU Vessel Deal with BOTAS
BSE-listed Swan Energy, via its 51% subsidiary Triumph Offshore Private Limited (TOPL), said Friday it had executed a term sheet with Turkey's BOTAS to lease an…
Report: Russia Exporting Diesel to Saudi Arabia via Ship-to-ship Loadings
Russia is ramping up its diesel supplies to Saudi Arabia using ship-to-ship (STS) loadings in addition to direct supplies, market sources said, and Refinitiv data…
ICMS Installs Pontoon System in Eyemouth Harbour for CTVs Serving Scottish Wind Farm
Inland and Coastal Marina Systems (ICMS) in Scotland said Friday it had installed a heavy-duty pontoon system in Eyemouth Harbour as part of the new operations and maintenance (O&M) base for the Neart na Gaoithe offshore wind farm.The system comprises a 58m x 4m pontoon and a 27m x 4m pontoon, both with one meter freeboard to match that of the vessels, creating a berthing facility for crew transfer vessels (CTVs) serving the new wind farm which is located 15.5 kilometers of the coast of Fife…
Gas Tankers Stranded near Russia due to Crimea Bridge Restrictions
Several tankers loaded with liquefied petroleum gas (LPG) have been unable to cross under Russia's Crimea bridge due to security restrictions, traders said on Friday…
Second Bangladesh Ship Recycling Yard Earns HKC Compliance
M/S. S.N. Corporation’s Unit-02 ship recycling yard at Shitalpur, Sitakunda is now the second ship yard in Bangladesh to become compliant with IMO's Guidelines for Safe and Environmentally Sound Ship Recycling. The certification process was undertaken by Nippon Kaiji Kyokai, establishing that S.N. Corporation was capable of the intensive procedural and performance standards required under the Hong Kong Convention (HKC).
EU Plans Annual Naval Exercise to Protect Subsea Pipelines, Cables, and Offshore Wind Farms
The European Union wants to hold joint naval exercises as part of plans to step up its efforts to protect critical infrastructure at sea, the EU environment policy chief said.Concerns about security threats to Europe's maritime infrastructure were heightened by attacks in September on the Nord Stream pipelines, which left them spewing natural gas into the Baltic Sea.The EU is set to publish an updated maritime security strategy on Friday…
Vard to Design, Build Cable Layer for NCT Offshore
Shipbuilder and designer Vard, part of Fincantieri, said Friday that it had secured a contract to design and build a cable laying vessel for NCT Offshore in Denmark.The VARD 9 01 design vessel is designed by Vard Design in Ålesund, Norway. The hull will be built at Vard Tulcea in Romania, while the final outfitting, commissioning, and delivery will be carried out by one of Vard’s shipyards in Norway.
NH3 FPSO Concept: Floating 'Green' Ammonia Production gets DNV AIP
An industrial-scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, and the project is now ready to start the Basic Design phase.The NH3 FPSO concept is being developed by Netherlands-based SwitchH2 BV and Norway-based BW Offshore and will be built through conversion of an existing Very Large Crude Carrier (VLCC) or a dedicated newbuild vessel.
Wintershall Dea Charters Eidesvik Offshore's Dual-fuel Supply Vessel
After securing a contract for its Viking Princess supply ship with Wintershall DEA on Thursday, Eidesvik Offshore said Friday it had won a deal for the Viking Queen…
General Dynamics NASSCO Sets Its Sights on Offshore Wind
U.S. shipyard General Dynamics NASSCO has signed a memorandum of understanding (MOU) with Navantia Seanergies, the green energy division of Spanish state-owned shipbuilder Navantia, in pursuit of opportunities in U.S. offshore wind.The partners will explore opportunities to manufacture components and assemble floating foundations for offshore wind projects in the U.S., leveraging Navantia's near decade of experience in offshore wind and the capabilities of the San Diego shipyard…
UN Buys Tanker to Store Oil from Decaying Vessel off Yemen
The United Nations has purchased a large tanker to store about 1.1 million barrels of oil that will be transferred from a decaying vessel off Yemen's coast in a bid to avert an environmental disaster, officials said on Thursday.U.N. officials have been warning for several years that the Red Sea and the coastline of Yemen was at risk as the Safer tanker could spill four times as much oil as the 1989 Exxon Valdez disaster off Alaska.But the top U.N.
ZIM's First LNG-powered Containership Begins Maiden Voyage
Israeli container carrier ZIM announced its first vessel fueled by liquefied natural gas (LNG) has set sail on its maiden voyage.The 15,000 TEU dual-fuel box ship Zim Sammy Ofer, built by South Korea's Samsung Heavy Industries, is the first of 10 vessel ordered in a long-term chartering agreement between ZIM and Seaspan Corporation.The Neo-Panamax vessel is 366-meters long with a 51-meter beam. The vessel has a max service speed of 22.5 knots…
Ukraine, Romania Agree to Check Depths of Danube Canals
Ukraine and Romania have agreed to check the depth of canals off the Danube river which Kyiv uses to export agricultural goods to try to increase the flow of traffic, Ukraine's restoration ministry said on Thursday.The Danube is an important transport route for Ukraine as it tries to export grain and other products following Russia's full-scale invasion a year ago, even though Moscow lifted a blockade of three Ukrainian Black Sea ports last July.Romania said last month it was concerned by signs
Denmark Investigates Yacht Linked to Nord Stream Blasts
Danish police have searched for a yacht on a tiny Baltic Sea island near the Nord Stream pipeline blast sites, the local administrator said on Thursday.German authorities confirmed on Wednesday they had raided a ship in January that may have been used to transport explosives used to blow up the pipelines."The police was searching for a specific boat that had moored here in September," Soren Thiim Andersen, the highest authority on the island of Christiansö, told Reuters.The Sept.
Shallow-draft LNG Carrier Dapeng Princess Delivered
Chinese shipbuilder Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. has delivered a newly built shallow-draft liquefied natural gas (LNG) carrier for Dapeng Princess LNG Transportation (Holdings) Co., Ltd.The 7,9600m3 Dapeng Princess, officially handed over during a ceremony on February 18, is the world’s largest shallow water channel fourth-generation medium-sized LNG carrier, which hangs the Singapore flag and was listed into the China Classification Society (CCS) classification.
Vard Wins Order to Build Cable Layer for Mystery Owner
Italian shipbuilding group Fincantieri announced its Vard subsidiary has secured an order to design and build a new cable laying vessel for an unnamed "international shipping company".The ship will be built entirely by the Vard network, including the main systems and equipment, for scheduled delivery in 2024, Fincantieri said.At approximately 95 meters long, the vessel will have a total of 3,700 tons of cable installation equipment, 60 single cabins, DP2 positioning and seakeeping system.
Interview: Harry Stewart, President & CEO, The Dutra Group
Harry Stewart recently took the helm as President and CEO of The Dutra Group, succeeding Bill T. Dutra, the man who founded the company at the age of 26 and led it for the last 50 years. With a renewed vigor for national infrastructure, there are myriad opportunities in the dredging and marine construction sectors, opportunities balanced by a similar number of challenges. We recently visited with Mr.
Mount Ita Bulk Carrier Joins Himalaya Shipping Fleet
Bulk carrier company Himalaya Shipping has taken delivery of the second of the twelve 210,000 dwt Newcastlemax newbuildings the company has on order at New Times Shipyard. The vessel, named Mount Ita, will start a 32 - 38 month time charter plus option for 11- 13 months and will earn an index-linked rate, reflecting a significant premium to a standard Capesize vessel, Himalaya Shipping said.Himalaya…
