A first of its kind cleaner burning methanol-fueled towboat is set to hit the water in 2023 as the maritime industry continues to develop and implement new technologies for cleaner vessel operations.The Hydrogen One is being developed by owner Maritime Partners in cooperation with naval architecture firm Elliott Bay Design Group and hardware suppliers e1 Marine and ABB.
Hydrogen is touted as an inevitable green fuel of the future. Tell that to the people who'll have to ship it across the globe at hyper-cold temperatures close to those in outer space.Yet that is exactly what designers are attempting to do.In the biggest technological challenge for merchant shipping in decades
The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world's largest container ships after it ran aground in the Suez Canal.The 400-metre, 224,000-tonne Ever Given ran aground on Tuesday morning after losing the ability to steer amid high winds and a dust storm, the Suez Canal Authority (SCA) said in a statement.
Authorities in Galveston, Texas say they have found what is believed to be the remains of a Texas A&M Maritime Academy cadet who has been missing since Wednesday.Texas A&M-Galveston officials said they were notified by the Galveston Police Department Friday afternoon that a body found on Pelican Island near the Galveston Campus is believed to be missing cadet Brandon Lee Perlowski
Technological advancement is opening new doors for hybrid and fully electric vessels.In mid-2020, the U.S. Navy accepted the delivery of the USS Zumwalt, the Navy’s first full-electric power and propulsion surface combatant. The ship’s new electric propulsion plant provides favorable efficiency coupled with a reduced total cost of ownership.
South Korean shipbuilder Hyundai Heavy Industries Co Ltd said on Tuesday that it plans an initial public offering (IPO) to raise funds toward a 1 trillion won ($905 million) investment over five years into green technology.Hyundai Heavy will issue a stake of about 20% in new shares within the year, the shipbuilder said in a statement.
Hyundai Heavy Industries' shares closed 86% above their initial public offering (IPO) price on their trading debut in South Korea on Friday.The shipbuilder, one of the largest in the world, raised $935 million from its IPO, with much of the proceeds set to fund investments in new technology.
South Korean shipbuilder Hyundai Heavy Industries has raised $935 million after pricing its IPO at the top of its indicative range, with much of the proceeds set to fund investments in new technology.It offered 18 million new shares or 20% of shares outstanding in a range of 52,000-60,000 won per share.It is expected to list on the KOSPI on Sept. 16.
Unable to get a slot on a container vessel, Lee Sang-hoon is considering using fishing trawlers docked for repair in the South Korean port of Busan to meet surging export orders for the car engine oil he sells to Russia."China is the black hole in this shipping crisis, all the carriers are headed there," said Lee, owner of Dongkwang International Co. in Busan which makes about 20 billion won ($17.
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) received an approval in principle (AiP) from classification society DNV for the DSME Rotor Sail System for large oil tankers and liquefied natural gas (LNG) carriers.Desigend to provide eco-friendly auxiliary propulsion for ships
Join speakers from ABB, Lloyd’s Register, Equinor and World Energy Reports as we explore why 2021 is the year for offshore wind in the United States.WHEN: Thursday, March 25, 2021, 11 a.m. EDT (US).REGISTER NOW!From eight turbines for 42MW of capacity at the end of 2020, 2021 will be the year when northeast and mid-Atlantic offshore wind projects start to receive construction and operations
Malaysia's state energy firm Petronas recently launched a tender for the construction of 16 offshore support vessels (OSV), The Edge Weekly reported on Saturday.The newspaper reported, citing sources, that the invitation to bid is for the first batch of contracts and Petronas has plans to build 100 vessels in four years as it phases out its old vessels.