Global Seaborne Iron Ore Trade will be Rocked by Guinea's Simandou Mine
The term gamechanger is often over used enough to be rendered meaningless, but the huge Simandou mine in the West African country of Guinea is going to be just that as its start up is set to rock the seaborne iron ore market.The first cargoes from the project may arrive by the end of this year and it's expected that it will ramp up to its full capacity of 120 million metric tons per annum fairly quickly.The four blocks of Simandou are impressive in their scale and infrastructure challenges…
NNPC, Stena Bulk and Caverton Launch new Shipping Venture
Nigeria's state oil firm NNPC announced a joint venture with Swedish tanker giant Stena Bulk and Nigerian offshore logistics leader Caverton Marine to overhaul maritime transportation in West Africa.The newly formed company will streamline crude oil, refined products and LNG shipping across West Africa and cater to other oil producers and traders in the region with modern vessels.The companies did not share financial details of the deal, which was signed last week."By combining our expertise wit
South Korean Leaders Aim to Head Off Tariffs
South Korea's business leaders are taking action to offset the threat posed by U.S. President Donald Trump's aggressive trade policies, hiring his former aides and lobbying Republican states out of frustration with delays by their own government which is mired in a political crisis.Trump's sweeping and sometimes indiscriminate trade measures have sparked existential debate in many international capitals over how much they can depend on the U.S.
Maritime Design: Beating the Wooden Hull Drum
Even though there is still a substantial amount of wooden yacht construction and restoration out there, wooden hull construction has pretty much gone the way of the mastodonts.To find a new commercial wooden vessel project would be quite a challenge. Except if you happen to know Scarano Boatworks. Scarano Boats was founded by brothers John and Rick Scarano in 1986. They are located in an old waterfront fertilizer factory in Albany…
Anschütz eLog Meets New Ballast Water Record Book Regulations
Anschütz released a new software version for the eLog electronic logbook, which meets the latest format requirements for Ballast Water Record Books (BWRBs), which the International Maritime Organization (IMO) recently introduced. Shipowners can take advantage of this update, which ensures compliance with the new IMO regulations, improves operational efficiency, and reduces administrative workload.The…
OSG Expands Graphene Propeller Coating Fleetwide
Overseas Shipholding Group, Inc. (OSG) extended its adoption of GIT Coatings’ graphene-based propeller coating, XGIT-PROP, across seven additional crude oil tankers. Previously, OSG applied graphene-based propeller coating to one of its crude oil tanker vessels in October of 2023. The first application of XGIT-PROP on an OSG tanker has seen performance gains and fuel savings proven beyond expectations.
Inmarsat Names Pulsar as First NexusWave Reseller in the Med
Inmarsat Maritime, a Viasat company, appointed Pulsar International as the first reseller partner for NexusWave in the Mediterranean market. The agreement will also enable Pulsar to act as a regional installation partner. Pulsar will be offering its customers round-the-clock first-line support in the local language. Pulsar has already secured commitments to deploy NexusWave to several Mediterranean-based operators…
New Book on Climate Change Published
Tunley Environmental, a leading sustainability consultancy, announces the release of 99 Facts of Climate, Science and Society, a book which combines scientific experience with actionable insights, equipping readers with knowledge to navigate today’s most pressing environmental issues in an engaging and easy-to-understand format.The book, written by Tunley’s PhD-level sustainability scientists, explores 99 carefully curated facts across climate science…
ABS Finalizes Reports on Synthetic Fuels, Nuclear Power for EMSA
The European Maritime Safety Agency (EMSA) has published the final two reports in six series, focused on alternative fuels and decarbonization technologies. The reports were contracted from a consortium led by ABS, which includes CE Delft, Arcsilea, and Texas A&M University.A 360-degree analysis of nuclear power and synthetic fuels, specifically the renewable e-fuels of e-diesel, e-methane, and e-methanol…
Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way
Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts to cut emissions in heavy industries and transportation, Shell said in an annual report on Tuesday.Demand for natural gas continues to rise globally as the world transitions to cleaner fuels. Industry forecasts LNG demand to reach between 630 million and 718 million metric tons a year by 2040…
Green Marine UK Bolsters Subsea Services Unit with Major Investment
Orkney-based marine services firm Green Marine UK has announced a seven-figure capital investment in a new Subsea Services Department targeting the U.K.’s offshore wind sector.The company expansion, boosted by financial backing from HIE (Highlands and Islands Enterprise), includes the purchase of subsea technology from Rovtech (Seatronics), Sonardyne, Norbit, Voyis, Tritech, Digital Edge Subsea, EIVA and a range of other sensors.The Subsea Services Department…
Marlink Upgrades Hybrid Network for Norwegian Ship Owner’s Fleet
Digital solutions company Marlink will install low latency LEO solution to create digital possibilities for fleet of 70 vessels of tanker and gas carrier operator Knutsen Group.A long-standing Marlink customer, Knutsen Group has supplemented its fleetwide VSAT installations with two Starlink LEO terminals on each of the 59 vessels and a further 19 newbuildings.Knutsen Group had already investigated…
Wärtsilä Inks Lifecycle Agreement with Middle East’s Largest Dredger Fleet Operator
Technology group Wärtsilä has signed a five-year lifecycle agreement with NMDC Group, one of the largest dredging and marine contractors in the Middle East.The agreement will focus on optimizing the availability and operational efficiency of NMDC’s dredging fleet.It covers seven of NMDC’s dredgers, with the potential to expand the scope to additional vessels in the future.The scope includes a tailor-made maintenance program for the engine and propulsion equipment onboard the vessels…
Ammonia Fueled Ammonia Bunkering Vessel Design Granted AiP
ClassNK has issued an Approval-in-Principle (AiP) certificate for an ammonia fueled ammonia bunkering vessel designed by NYK and its partners.Seatrium, through its wholly-owned subsidiary, LMG Marin provided engineering expertise for the vessel’s design, which will now be submitted to the Maritime and Port Authority of Singapore (MPA) for evaluation.Safety philosophies on the safe use of ammonia, for example in the engine room…
Danish Shipping Supports EU’s New Russian Sanctions Package
The EU has just adopted its 16th sanctions package against Russia. The package targets systemically important sectors of the Russian economy such as energy, trade, transport, infrastructure and financial services.To curb the risk of our sanctions being bypassed, certain provisions of the 16th package are now also mirrored in the Belarus sanctions regime. The EU has in addition updated and strengthened its sanctions regimes concerning Crimea and Sevastopol…
Argentina Eases Shipping Regulations for Parana-Paraguay Waterway
Argentina loosened safety regulations on shipments traveling along a key grains transport river, a move which could boost cargo moved through the waterway up to 7%, the nation's security minister said on Monday.Ships traveling along the Parana-Paraguay waterway will now be able to carry more cargo, Security Minister Patricia Bullrich said on X, adding it would make firms more efficient and reduce costs but without affecting safety.Argentina is the world's top exporter of soybean oil and flour…
Frese FuelSave Available to the Cruise Market
Global Marine Management and World Wide Metric announced a new strategic agreement to offer Frese FuelSave, an advanced energy optimization solution, to the cruise market, helping them reduce energy consumption, lower emissions, and improve sustainability.Frese FuelSave is a dynamic flow control solution designed to optimize energy usage with onboard cooling and HVAC systems. By ensuring precise temperature and flow control…
USTR Floats $1.5m Charge to Chinese-Built Ships Entering US Ports
The U.S. Trade Representative's office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S. ports as part of its investigation into China's growing domination of the global shipbuilding, maritime and logistics sectors.USTR said in a January 16 report on a probe launched during the administration of former President Joe Biden that China increased its share of global shipbuilding…
Baltic Sea Subsea Damage may have Occurred in January
Finland's telecoms operator said the damage reported last week to its C-Lion1 telecoms cable in the Baltic Sea may have occurred as early as January 26, the same day a cargo ship broke another undersea cable in the area.Swedish and Finnish police said on Friday they were investigating a suspected case of sabotage of the C-Lion1 cable running along the seabed from Finland to Germany, while adding it…
Tanker Vessel Blasts Likely from Limpet Mines
Mines attached to the hulls of ships and set off with timers likely caused blasts that have damaged two crude oil tankers in the Mediterranean Sea since January…
