This week at MarineLink…The IMO 2020 Sulfur Cap essentially ushered in a new type of fuel - VLSFO. With it came the engine problems caused by off-spec or incompatible fuels as producers grappled with the requirement for providing a sulfur content not exceeding 0.05%. As pointed out in Lloyd’s Register’s 2024 Fuel Quality Report, persistent issues involving cat fines, stability
Italian shipbuilder Fincantieri on Thursday raised its full-year forecast on revenue to "above" 8 billion euros ($8.43 billion), from "about" previously indicated, boosted by all business segments.The Trieste-based vessel maker reported a nine-month core profit (EBITDA) a 19% rise to 328 million euros, while its January to September revenue stood at 5.58 billion euros, up 3.7% yearly.
Yemen's Houthis said on Sunday they would maintain their maritime blockade against Israeli vessels in response to "intelligence information" regarding Israeli shipping companies selling their assets to other companies.The Iran-aligned Houthis have said they are intensifying their attacks to support Hamas and Hezbollah in their resistance against Israeli actions in the region.
The mobile wind power installation platform Hengtong Haiyue has been delivered to the Hengtong Group by Jiangsu Dajin Heavy Industry in China.The mobile platform is equipped with a 1,600t leg encircling full-circle slewing crane as well as a 4,000m2 deck with a variable load of over 8,500t, and is capable of installing 20MW offshore wind turbines.
Just shy of 10 years old, United Heavy Lift (UHL) recently welcomed its 19th ship to the fleet, an F900 eco-lifter. In advance of the ship delivery festivities in mid-July, we had the chance to chat with Andreas Rolner, Managing Director of UHL, a man who with his father parlayed cumulative experience in the heavy lift business into one of the world’s largest heavy lift companies.
A few weeks ago, a U.S. Coast Guard cutter spotted several Chinese military ships within the U.S. exclusive economic zone just 200 nautical miles off the shores of Alaska. This incident underscores how brazen our adversaries are becoming in the face of a diminished U.S. maritime presence.
Missiles fired by Yemen's Houthi militants struck the Palau-flagged Verbena cargo ship in the Gulf of Aden on Thursday, sparking a fire and severely injuring one of her crew, U.S. Central Command said.The Iran-allied Houthis have launched dozens of attacks on international shipping in the Red Sea region since November in solidarity with the Palestinians in the war between Israel and Hamas.
Italian offshore energy services firm Saipem has signed a long-term charter contract with Chinese state-owned port and naval machinery manufacturer ZPMC for the JSD6000, a latest generation ship for offshore heavy lifting, construction and pipelaying.The signed contract provides for the bareboat charter of the ship for a five-year duration, plus two extension options of one year each.
Dominion Energy has announced that the first monopile foundation for the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW), the largest offshore wind farm under construction in the United States, has been installed approximately 29 miles off the Virginia Beach coast.The monopile was installed by the Orion, DEME Group's heavy lift vessel.
Royal Caribbean Group raised its annual profit forecast for a second time and beat expectations for first-quarter profit and revenue on Thursday, with half of its growth coming from higher ticket pricing.Soaring demand for vacations at sea has given cruise operators ample room to raise ticket prices as the industry looks to close the pricing gap with land-based vacations and give their profits a
Salvage crews worked to lift the first piece of Baltimore's collapsed Francis Scott Key Bridge from the water on Saturday to allow barges and tugboats to access the disaster site, Maryland and U.S. officials said, the first step in a complex effort to reopen the city's blocked port.
Risk is the "new normal" for the global ocean shipping industry that handles 80% of global trade as pressure from geopolitical tensions, rising protectionism and climate change mounts."There are going to be global tensions ... and I think global dangers, at a level we haven't seen since the end of World War II," former U.S.