China is stepping up pressure on the Philippines to concede its sovereign rights in the South China Sea, Manila's Defense Secretary Gilberto Teodoro said on Tuesday after meeting his Australian counterpart in Canberra.The fifth such meeting since August 2023 reflects growing security ties between the countries
U.S. maritime companies Crowley and SEACOR Holdings on Thursday announced the formal launch of their joint venture Fairwater Holdings LLC, an independent U.S. company integrating the firms’ petroleum and chemical transportation vessels, capabilities and personnel.Active in all major Jones Act coastwise tank vessel trades, Fairwater supports the transportation of petroleum products
South Korea's Hanwha Group has agreed to acquire U.S. shipbuilder Philly Shipyard in a $100 million cash deal, the companies announced on Thursday.Under the deal, which is expected to close in Q4 2024, Hanwha Systems and Hanwha Ocean will purchase purchase of Philly Shipyard, Inc., the sole operating subsidy of Aker-owned Philly Shipyard ASA, based in Oslo.
R.W. Fernstrum & Company, founded by Robert W. Fernstrum 75 years ago, is a quintessential U.S. manufacturing story. The company was born in the aftermath of WWII, founded on an invention developed during the war by Robert Fernstrum to help solve an engine overheating problem that was plaguing U.S. Navy landing craft.
Ongoing concerns around fuel quality continue to be a critical factor and significant expense for the maritime industry, according to the Lloyd’s Register (LR) Fuel Quality Report 2024.The report, produced by LR’s Fuel Oil Bunker Analysis and Advisory Service (FOBAS), reveals the overall state of fuel quality in 2024 remains much like that of the past few years
In 2011 the 210-foot Coast Guard Cutter VIGILANT was on patrol in the Caribbean when it came upon a suspected maritime narcotics smuggler. As the chase ensued, the suspected smuggler jettisoned bales of what turned out to be cocaine. The VIGILANT crew marked the position on their radar and gathered the latitude and longitude for the bales, then went in pursuit of the suspect vessel.
A next generation feeder ship design developed by Technolog for Seaspan Corporation has been awarded approval in principle (AIP) from Lloyd's Register (LR), the classification society announced.The innovative vessel, measuring 198 meters long, is designed to be efficiently converted from liquefied natural gas (LNG) to ammonia fuel during its lifetime
Dongara Marine delivered a fast patrol boat to law enforcement personnel in Australia’s Northern Territory. Completed in March 2024, PV Deutrom was purpose designed, built, and equipped for police operations requiring very high speed and the ability to carry multiple personnel. Dongara Marine also supplied a custom
RightShip, an ESG-focused digital maritime platform, has launched Zero Harm Innovation Partners program aimed at supporting the development and adoption of technologies dedicated to achieving a zero-harm maritime industry.According to RightShip, zero-harm maritime industry can be achieved by enabling enhanced collaboration and connection between shipowners and managers
Mitsui O.S.K. Lines (MOL) has, through its subsidiary MOL Chemical Tankers, completed the acquisition of Fairfield Chemical Carriers, creating one of the world’s largest multi-segregated chemical tanker fleets.The acquisition, valued at $400 million, is based on a share transfer agreement signed at the end of September 2023
It might be easy to blame EALs, but the ongoing causes of stern tube damage are varied, and possibly declining.Environmentally Acceptable lubricants (EALs) gained market traction with the introduction of US VGP regulations in 2013. Since then, DNV has observed two major trends. The first, starting in 2013 was early life damage, either during sea trials or within the first five years of operation
Fairfield Chemical Carriers has taken deliver of its latest vessel, Fairchem Pathfinder, a 26,222 DWT IMO 2/3 chemical tanker built by Japan's Fukuoka Shipbuilding.Fairchem Pathfinder is the first in a series of four LNG-dual fuel sister vessels being built by Fukuoka for Fairfield.The 158.4-meter-long (LOA) stainless steel chemical tanker is classed by NK and registered in the Marshall Islands.U.