The prices for newbuild vessels have risen to their highest level in 16 years, according to latest figures from shipping association BIMCO.“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%.
ABS chairman and CEO, Christopher J. Wiernicki, said he sees a universal, global carbon tax on shipping on the horizon, as alternative blue fuels made with carbon capture emerge as a growing part of the maritime industry's ongoing energy transition.“We need to recognize that there is an intermediate step in the energy transition
With clean energy projects maturing in U.S. waters, the nation’s offshore wind industry is poised to grow substantially, requiring a robust industrial base. A feedering model using domestic tugs and barges to transport turbines to offshore wind sites, is positioned at the heart of this emerging growth.
Lane Richards has worked in the maritime industry for 22 years. He began his career in the trades prior to a successful transition to project management and various sales management roles.After a short but successful stint at Nichols Brothers Boat Builders, Richards transitioned to head up the commercial sales effort at Puglia Engineering’s Fairhaven Shipyard prior to returning to Nichols
Advances in autonomous vessels – from R&D to regulatory policies to actual work – are moving rapidly. AVs include a range of vessel types and missions, from freight to law enforcement to research to defense. There are many acronyms. Some examples –AV stands for autonomous vessel.AUV is autonomous underwater vessel.MASS stands for “maritime autonomous surface ship.”NOMARS is a U.S.
Norwegian offshore vessel owner Solstad Offshore has secured contract extensions with Subsea7 for two of its subsea construction support vessels (CSVs) – Normand Subsea and Normand Energy.Subsea7 has exercised the 2025 optional charter period for the Normand Subsea.The contract is now firm until December 31, 2025, with no further options thereafter.
Capacity reduction on the Panama Canal have hurt dry bulk market, with dry bulk carrier transits down significantly (down 74% in the Q1 '24 vs. '23, with sailing distances up 31% and cargo volume down 25% year on year, according to BIMCO shipping analyst Filipe Gouveia.Low water levels in lake Gatun have caused restrictions in the number of transits through the Panama Canal at a maximum draft
“Due to the COVID-19 pandemic, the global container market grew only 1.5% from 171.0 million TEU in 2019 to 173.5 million TEU in 2023. Without the pandemic, that figure would have been 24.6 million higher, landing at 198.1 million in 2023,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
The New Zealand Government’s plan to repeal its ban on live export by sea has been pushed back. In a statement, the Minister championing the restart of the trade, Andrew Hoggard, himself a farmer who has never exported his animals, confirmed a delay to the process and said he is committed to developing the highest standards of animal welfare.
Kaylene Dale has been appointed the new CEO of the Australian Maritime Safety Authority (AMSA), starting on October 1, 2024.Dale brings extensive experience in Commonwealth regulatory settings and with the maritime sector. This includes working with AMSA’s search and rescue functions as part of her role at the Australian Border Force
Dales Marine Services Ltd and Dales Marine Services (Greenock) Ltd (Dales Marine) are accepting applications for their apprenticeship program, with the aim to foster talent within the ship repair and marine industry.Dales Marine currently has 33 apprentices undergoing training across its dry dock sites and is this year offering 12 new apprenticeship positions in mechanical engineering
U.K. based ship repair and marine services form Dales Marine Services announced it has acquired 20 new welding generators from MB Plant, Peterhead.The newly acquired welding generators are replacements for older machines and will be utilized on-site at Dales Marine facilities including Aberdeen, Leith, Greenock and Troon, as well as remotely at clients' sites, as required.