In a ceremony held in Trinidad and Tobago on November 23, 2022, Proman Stena Bulk Ltd formally named its first newbuild IMOIIMeMAX methanol-fueled 49,900 DWT vessel, Stena Pro Patria.Stena Pro Patria is the first of three methanol-fueled vessels delivered in 2022 to the joint venture between tanker company Stena Bulk and the methanol producer Proman, with a further three newbuilds due for delivery between now and 2024.The naming ceremony was the first for a methanol-fueled newbuild in Trinidad and Tobago, and was attended by Trinidad and Tobago’s Prime Minister, Dr.
Climate change advocates and seafarers recently gathered for a small conference at the Hudson Valley Maritime Museum in Kingston, N.Y., to discuss the shipping industry’s struggle to achieve sustainability and environmental compliance.The setting, the hamlet of Rondout, N.Y. (within Kingston), holds significance as it was, ironically, a Hudson River port once considered the largest coal port in the world (yes, the world). In 1828, the opening of the Delaware and Hudson Canal enabled coal to be delivered from Pennsylvania to New York City.
Russia's oil tanker fleet is too small to fully circumvent a plan by the European Union, G7 countries and Australia to enforce a price cap on its maritime crude exports starting on Dec. 5, analysts and market watchers say.The amount Russia would be unable to export is expected to increase when EU sanctions on Russian refined product shipments take effect on Feb. 5.In all the shortfall could mean Russia halts exports of around 1 million barrels per day (bpd), compared with current flows to the world market of around 3.5 million bpd.
The Baltic Exchange's dry bulk sea freight index .BADI touched a one-week high on Thursday, propelled by stronger demand across vessel segments.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels carrying dry bulk commodities, added 58 points, or about 4.9%, to 1,242.The capesize index jumped 165 points, or 13.5%, to 1,384, its highest since Nov. 14. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron ore, increased $1,373 to $11,479.
Norwegian subsea services company Reach Subsea said Thursday it had struck a deal to expand its operating fleet with two ROV support vessels.The company said it had secured "significant vessel capacity for the coming four years" through a deal to buy the multipurpose ROV support vessel Edda Sun for $29 million and through a charter contract for the multipurpose ROV support vessel Go Electra with a duration, including options, through 2027.
Portland, Ore.-based Vigor Marine has been awarded a contract for a 90-calendar day shipyard availability for a mid-term availability of Military Sealift Command’s hospital ship USNS Mercy (T-AH 19).The $20,187,816 firm-fixed-price contract includes a base period and options, which if exercised, would bring the cumulative value of this contract to $20,915,538. Work will be performed in Portland, Ore., beginning January 16, 2023, and is expected to be completed by April 15, 2023.
ABB has secured a contract with the Chinese shipyard COSCO Shipping Heavy Industry (Yangzhou) Co. Ltd., to equip 10 China COSCO Shipping Corporation Limited container vessels with its permanent magnet shaft generator systems. Due for delivery by the end of 2025, the order comprises systems for six 14000TEU vessels and four 16000TEU vessels."The International Maritime Organization (IMO) is introducing new regulatory standards – the Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) – which will come into force in January 2023.
Schottel azimuth thrusters will propel four newly built wind turbine installation vessels (WTIVs) for Ouyang Offshore in Shanghai.The first vessel will be delivered in the fourth quarter of 2022, and these vessels will be able to install giant 16 MW wind turbines.To ensure DP mode maneuverability and precise positioning, each vessel will be outfitted with two electrically driven Schottel Rudder Propeller type 430 azimuth thrusters and two Schottel Transverse Thrusters type STT 4.
U.S. 5th Fleet began a three-week unmanned and artificial intelligence integration event in Bahrain, Nov. 23, that will involve employing new platforms in the region for the first time.The event, called Digital Horizon, will advance the command’s efforts to integrate new unmanned technologies while establishing the world’s first unmanned surface vessel fleet by end of next summer. U.S. 5th Fleet’s efforts are focused on improving what U.S. and regional navies are able to see above, on and below the water.“I am excited about the direction we are headed,” said Vice Adm.
Cobham Satcom, a provider of radio and satellite communications solutions to the maritime and land mobile sectors, has unveiled Sea Tel 1500, a 1.5-meter dual-band, multi-orbit VSAT antenna solution.Available in single Ku- or Ka-band, or as a ‘two antennas in one’ dual Ku-Ka-band configuration, the Sea Tel 1500 enables vessels to seamlessly switch from Ku- to Ka-band in a simple click. In a world of communication technology transition marked by the emergence of new satellite constellations
The Baltic Exchange's dry bulk sea freight index rose on Wednesday for the first time in ten sessions, helped by an uptick in capesize rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, added 35 points, or about 3%, to 1,184.The capesize index added 127 points, or 11.6%, to hit its highest in a week at 1,219.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron ore, increased $1,049 to $10,106.
The ABS Requirements for Bonded and Composite Repairs of Steel Structures and Piping is the latest in a portfolio of technical requirements from the classification organization to support the marine and offshore industries.Particularly with offshore structures that remain at their operation sites for long periods of time, corrosive damage is frequently discovered yet difficult to repair using traditional methods that involve hot work welding and drydocking. Instead, adhesively bonded repairs can be used which can reduce operational downtime, minimize disruption onboard and reduce safety risks.