Hanwha Ocean has secured an order worth approximately $500 million to construct four very large ammonia carriers (VLACs) for Greek shipping company Naftomar Shipping and Trading Co. Ltd. Inc (Naftomar). Each VLAC will be able to transport 93,000 cubic meters (cbm) of ammonia, a carbon-free fuel, making them the largest vessel of their class in the world, Hanwha Ocean.
Russia's leading tanker group Sovcomflot has transferred dozens of ships into a new Dubai based management company aiming to boost trade through this entity amid growing pressure from financial restrictions, according to maritime industry data and shipping industry sources.State-owned Sovcomflot (SCF) is subject to sanctions and other restrictions by the UK and the European Union
Taiwan unveiled its first domestically developed submarine on Thursday, a major step in a project aimed at strengthening the island's defense and deterrence against the Chinese navy, though it won't enter service for another two years.Taiwan, which China claims as its own territory
A luxury cruise ship carrying 206 people remained stuck in a remote Greenland location on Wednesday after running aground earlier this week, the vessel's operator and rescue services said.The Danish military's Joint Arctic Command (JAC) said Tuesday's tide had failed to lift the 104-metre (341-foot) Ocean Explorer enough to free it.
Mitsubishi Corporation’s Pyxis Ocean, chartered by Cargill, is the first vessel to be retrofitted with two BAR Tech WindWings.The 37.5 meter sails were produced by Yara Marine Technologies and are expected to generate average fuel savings of up to 30% on new build vessels.The installation of the wings took place at the COSCO shipyard in China and the Pyxis Ocean is now on the water
The U.S. Maritime Administration (MARAD) has approved the first vessels for participation in its Tanker Security Program (TSP), a newly created public-private partnership program that makes U.S.-flag commercial product tankers available to support U.S. armed forces.Modeled from MARAD's Maritime Security Program (MSP), the TSP assures the Department of Defense has access to U.S.
Dry bulk shipowner Golden Ocean Group on Monday announced it has entered into an agreement to acquire six 208,000 deadweight tons (dwt) Newcastlemax vessels for a total consideration of $291 million. The newly-acquired vessels—each equipped with exhaust gas cleaning systems, or scrubbers—will be chartered back to their former owner, an unrelated third party
In 80% of the world, we don’t really know.Across much of the world’s oceans, waves are getting bigger. In the Southern Ocean, where storm-driven swell can propagate halfway across the world to California, the average wave has grown about 20cm in the past 30 years.These changes are part of climate change, and are likely to continue well into the future.
Ocean Infinity's Armada 7801 has reached Norway after a long journey from Vietnam, where its hull was built last year at the Vard Vung Tau shipyard."Our first new ship has arrived in Norway, having set sail on its maiden voyage from Vietnam in November. Installation of the payload equipment and remote systems will now commence ahead of the ship entering service on offshore data acquisition tasks
Singapore-based shipbuilder Sembcorp Marine has delivered Deepwater Titan, the world’s second 8th-generation drillship, to Transocean subsidiary Triton Titan GmBH.Deepwater Titan is the second of two new 8th-generation drillships constructed by Sembcorp Marine based on the group’s Jurong Espadon 3T design.
The United States on Tuesday is set to kick off the first sale of offshore wind development rights for waters off the coast of California, expanding the nascent domestic industry to the Pacific Ocean.The auction is a major milestone in the Biden administration's push to put wind turbines along every U.S. coastline as part of its climate change agenda.
Ocean Infinity, a seabed survey and ocean research company based in the United States, said Tuesday that two of its new vessels, part of the Armada USV fleet, had set sail from Vietnam."We're officially the proud owner of not just one but two brand new ships. Armada 7801 and 7802 have set sail from Vietnam and are headed to Norway.