Maritime Industry Top News
Hapag-Lloyd Raises Lower End of Outlook but Profit Falls
![© Thorsten Schier / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/thorsten-schier-adobe-stock-150131.jpeg)
German container firm Hapag-Lloyd on Wednesday raised the lower end of its 2024 outlook amid rising demand and freight rates, but posted an 84% drop in first-quarter net profit.Commercial shipping has faced global disruptions, including in the Red Sea region, where operators are avoiding the Suez Canal because of attacks on vessels by Yemen-based Houthi militants.The crisis has raised freight rates…
ABS to Class Edison Chouest's Offshore Wind Feeder Fleet
![(Image: Maersk Supply Service)](https://images.marinelink.com/images/maritime/w200h200c/image-maersk-supply-service-150129.jpg)
A new feeder fleet of two tugs and two barges dedicated to serving a wind turbine installation vessel (WTIV) from Maersk Supply Service (MSS) has been ordered by Edison Chouest Offshore (ECO) to ABS class.The innovative system is designed to deliver components to the construction site, allowing the WTIV to remain on location, promising faster wind farm installations. The WTIV will also be ABS-classed.Designed to serve the U.S.
Gulf Intercoastal Waterway Closed After Barge Strikes Bridge in Galveston
![(Photo: Galveston County Office of Emergency Management)](https://images.marinelink.com/images/maritime/w200h200c/photo-galveston-county-office-of-150128.jpg)
A section of the busy Gulf Intercoastal Waterway has been closed to vessel traffic after a barge allided with a bridge that connects Galveston to Pelican Island, officials said on Wednesday.The U.S. Coast Guard said its watchstanders at Sector Houston-Galveston were notified of the allision at 9:50 a.m. and that the cause of the incident is under investigation. The barge, owned by Martin Petroleum…
ESG Invests in Shipbuilding Infrastructure
![Eastern Shipbuilding Group, Inc. (ESG) commenced phase two of a itsinfrastructure improvement project at its Nelson Street government shipbuilding facility. Phase II rendering. Photo courtesy ESG](https://images.marinelink.com/images/maritime/w200h200c/eastern-shipbuilding-group-inc-esg-150124.jpg)
Eastern Shipbuilding Group, Inc. (ESG) commenced phase two of a itsinfrastructure improvement project at its Nelson Street government shipbuilding facility, a phase which includes the construction of 1,000 linear feet of additional bulkhead and berthing space, installation of associated heavy weather mooring infrastructure, the extension of the launch facility by 120 feet to increase the total launch way length to over 500 feet…
Port of Los Angeles Nets $58 Million for Harbor Maintenance
![(Photo: Port of Los Angeles)](https://images.marinelink.com/images/maritime/w200h200c/photo-port-of-los-angeles-150120.jpg)
The Port of Los Angeles will receive an estimated $58 million in federal funding this year for maintaining its harbor channels and repairing its wharves, the U.S. Army Corps of Engineers announced. According to the port, the record amount—a nearly tenfold increase compared with $6 million it received in 2023—reflects the federal government's commitment to fully implementing long sought reforms to the…
Houthis Claim More Ship Attacks, Targetting US Warship and Merchant Vessel
![File photo: USS Mason (DDG-87) (Photo: Bill Mesta / U.S. Navy)](https://images.marinelink.com/images/maritime/w200h200c/file-photo-uss-mason-ddg87-150119.jpg)
Yemen's Houthis said on Wednesday that they had targeted a U.S. warship and a vessel called "Destiny" in the Red Sea, part of an ongoing campaign of attacks that the Iran-backed group says is designed to show solidarity with the Palestinians in Gaza.In a televised speech, the Houthis' military spokesman Yahya Sarea said they had targeted an American destroyer called "Maysun" in the Red Sea with a number…
US Studying if Other Bridges at Risk After Baltimore Collapse
![(Photo: Alejandro Rivera U.S. Coast Guard)](https://images.marinelink.com/images/maritime/w200h200c/photo-alejandro-rivera-us-coast-150118.jpg)
The U.S. Coast Guard said it is evaluating whether other bridges nationwide are at risk after a cargo ship crashed into the Francis Scott Key Bridge in Baltimore in March, killing six people and destroying the Patapsco River crossing.Coast Guard Vice Admiral Peter Gautier said at a U.S. House hearing on Wednesday that the "size and complexity of ships has grown over the years, placing greater demands…
STARS: The Missing Link in Deep Sea Mining Supply Chain
![Source: AI generated in ChatGPT by the Author](https://images.marinelink.com/images/maritime/w200h200c/source-ai-generated-in-chatgpt-150112.jpg)
As companies approach the exploitation phase of Deep Sea Mining, one critical factor is the transportation of mineral ores from the mine site location to onshore refineries While this may appear to be a relatively simple step, involving conventional bulk ore carriers and standard procedures, the nuances and practical limits of operating in the deep ocean mean that this step becomes increasingly complex and challenging.
Stena’s Ro-Pax Vessel with Wärtsilä Propellers Obtains DNV Silent Operations Notation
![Stena’s Ro-Pax vessel Ala’suinu - Credit: © Stena RoRo](https://images.marinelink.com/images/maritime/w200h200c/stenas-ropax-vessel-alasuinu-credit-150111.jpg)
Stena’s new Ro-Pax vessel, Ala’suinu, equipped with Wärtsilä propellers has received DNV’s Silent(E) notation, issued to vessels that demonstrate the ability to effectively reduce emissions of underwater radiated noise.Technology group Wärtsilä has designed and delivered controllable pitch propellers for Stena’s new Ro-Pax vessel, Ala’suinu, which has successfully completed sea trials.Following these sea trials…
Soya Bean Exports to Grow 8%, says USDA
![](https://images.marinelink.com/images/maritime/w200h200c/-150109.jpg)
“Global soya bean exports are forecast to grow by 8% between 2023 and 2025 based on data from the United States Department of Agriculture (USDA). Stronger import demand from China will be met by larger harvests in the US and Brazil and in the near term, soya beans are expected to be a key growth driver for global grain shipments,” says Filipe Gouveia, Shipping Analyst at BIMCO.In 2023, soya bean exports rose 10.6% due to a record harvest in Brazil.
Auramarine Expands in South Korea
![John Bergman, CEO of Auramarine and Leeman Lee, President of Specs Corporation Ltd. Image courtesy Aura Marine](https://images.marinelink.com/images/maritime/w200h200c/john-bergman-ceo-of-auramarine-150107.jpg)
Auramarine, a provider of fuel supply systems for the marine, power and process industries, signed a representative agreement with Specs Corporation Ltd., a Korean marine equipment and services provider to expand and strengthen the company’s presence in the South Korean maritime market.Specs will serve as an official Auramarine sales representative for its fuel supply units, including its conventional systems…
Vos Steps Down as President of Stolt Tankers
![Lucas Vos (Photo: Stolt Tankers)](https://images.marinelink.com/images/maritime/w200h200c/lucas-vos-photo-stolt-tankers-150114.jpg)
Lucas Vos is stepping down as President, Stolt Tankers effective July 1, 2024. He will be replaced by Maren Schroeder as President and Chief Operating Officer, while Bjarke Nissen will assume the role of Chief Commercial Officer at Stolt Tankers.Ms. Schroeder has held the position of Managing Director, Shipowning, at Stolt Tankers since 2022, and prior to joining as Fleet Director in 2019, was Head of Technical at Vroon B.V.
MOL Names LNG Carrier Newbuilding Greenergy Ocean
![The Greenergy Ocean (Credit: MOL)](https://images.marinelink.com/images/maritime/w200h200c/the-greenergy-ocean-credit-mol-150106.jpg)
Mitsui O.S.K. Lines has named a newbuilding LNG carrier, which will serve China National Offshore Oil Corporation (CNOOC), the Greenergy Ocean.The Greenergy Ocean is the first vessel to be launched under a long-term charter contract for six newbuilding LNG carriers for CNOOC signed in January 2022.The vessel is 299 meters long, with the breadth of 46.4 meters and draft of 11.5 meters.It features a membrane type tank of 174…
Van Oord Launches Giant Offshore Wind Installation Vessel
![Boreas vessel (Credit: Van Oord)](https://images.marinelink.com/images/maritime/w200h200c/boreas-vessel-credit-van-oord-150099.jpeg)
Van Oord has launched its new offshore installation vessel Boreas at the Yantai CIMC Raffles Offshore shipyard in China.The Boreas’ dual fuel engine set is able to run on methanol and is purpose-built for the transport and installation of the next generation foundations and turbines at offshore wind farms.The vessel is expected to be commercially available in 2025, according to Van Oord.Upon completion…
MSC 108 to Discuss Red Sea Attacks
![Source: IMO](https://images.marinelink.com/images/maritime/w200h200c/source-imo-150096.jpg)
The Maritime Safety Committee (MSC) will meet in person for its 108th session at IMO Headquarters in London from May 15 to 24, 2024. The Committee will address the urgent issue of maritime security in the Red Sea area. Since the hijacking of the MV Galaxy Leader in November 2023, which is still detained, there have been over 40 incidents where ships have been threatened or attacked in the Southern Red Sea and Gulf of Aden.
Newly Certified Methanol Valves Enable Design Flexibility
![Source: Pres-Vac Engineering](https://images.marinelink.com/images/maritime/w200h200c/source-presvac-engineering-150095.jpg)
Pres-Vac Engineering has obtained certification of its high-velocity methanol valves under the IMO 1621 standard.The valves enable greater flexibility in ship design, accommodating long vent-pipes up to 128 meters for DN 65 size, with allowances for even longer pipelines. This development offers shipbuilders and owners unique options in creating more efficient and compliant dual-fuel systems, says Pres-Vac Engineering.The valves…
US Tariffs Expected to Cause Supply Chain Disruption
![Source: Xeneta](https://images.marinelink.com/images/maritime/w200h200c/source-xeneta-150094.jpg)
Global supply chains are braced for further disruption and increasing costs after US President Joe Biden announced new tariffs on Chinese imports on Tuesday.The tariffs will be imposed on a wide range of Chinese imports including semi-conductors, batteries, EVs and solar cells, with the changes staggered to come into effect between 2024 and 2026.Peter Sand, Chief Analyst at Xeneta, said: “The new tariffs under President Biden may be a case of history repeating.
Second Generation Intelligent Tugs Delivered to Tianjin Port
![Source: Robert Allan Ltd.](https://images.marinelink.com/images/maritime/w200h200c/source-robert-allan-ltd-150093.jpg)
Tianjin Port has held a naming ceremony for its two latest RAmparts 3500 ASD tugs, Jingang Lun 36 and Jingang Lun 37, designed by Robert Allan Ltd.During a six-day extensive sea trial, Jingang Lun 36 and Jingang Lun 37 completed comprehensive self-control auto navigation tests which included automatic searching, approaching, and accompanying a target vessel at sea.The tugs were designed and constructed to comply with all applicable rules and regulations of CCS.
Containership Lost Power Several Times Before Striking Bridge in Baltimore
![(Photo: Dylan Burnell / USACE)](https://images.marinelink.com/images/maritime/w200h200c/photo-dylan-burnell-usace-150091.jpg)
The cargo ship Dali lost electrical power several times before it crashed into the Francis Scott Key Bridge in March, killing six people and paralyzing a major transportation artery for the U.S, Northeast, federal investigators said on Tuesday.The National Transportation Safety Board (NTSB) said in a preliminary report that about 10 hours before leaving Baltimore the Dali experienced a blackout during…
Suspected Somali Pirates Taken to Seychelles
![(Photo: EUNAVFOR)](https://images.marinelink.com/images/maritime/w200h200c/photo-eunavfor-150032.jpg)
A group of suspected Somali pirates has been aprehended and transported to justice officials in Seychelles, EU counter-piracy forces said.The six men are accused of attempting to hijack the Marshall Islands-flagged merchant tanker vessel Chrystal Arctic in the Gulf of Aden on May 10.After the failed attack about 100 naautical miles north of Bosaso, the suspected pirates were arrested by ATALANTA forces and treated for injuries of varying severity.Then…