Marine Coatings and Breaking with Tradition
Thereās a tendency for owners to stick with the coatings they are familiar with, but environmental concerns, particularly regarding marine biodiversity, are providing fresh opportunities for them to reconsider.Measuring hull coating performance from noon reports yields around 350 data points over a five-year docking cycle after including full loaded sailing days and excluding adverse weather days etc.Butā¦
Cruise Shipping Stocks Tank on Lutnick Tax Comments
As the Trump Administration sweeps through its first month in office with a torrent of restructuring in government, it seems even Mickey Mouse is fair game. Cruise operators which service the dominant U.S. cruise market routinely so-called āflags of convenienceā outside of the U.S., a provision that allows them to avoid taxation.In speaking with Fox News last night, and widely reported on multiple news outletsā¦
Cruise Shippingās Historic Rebound
Battered by Covid, the cruise industry was down but not out. Today it is setting records in passenger count + the size and cost of a new fleet.Post-Pandemic, the fortunes of the big cruise companies have brightened dramatically. A late December, 2024 earnings release from Carnival Corporation & plc (NYSE: CCL), encompassing brands including Carnival Cruise, Holland America, Cunard, Princess Cruises and othersā¦
Record-Breaking Order: Largest Permanent Magnet Shaft Generator System Secured for 30 LNG Carriers
ABB secured orders from shipbuilders in China and South Korea to equip 18 and 12 liquified natural gas (LNG) carriers, respectively, with permanent magnet shaft generator technology. The ships are due for delivery between 2028 and 2030.ABBās permanent magnet shaft generator system is aimed to boost fuel economy compared to solutions where power is provided by auxiliary engines. By avoiding starting up high-speedā¦
S. Korea Slaps 38% Tariff on Chinese Steel Plate
South Korea's industry ministry has provisionally decided to impose up to 38% tariffs on Chinese steel plate imports after an investigation into alleged dumping of the steel product used in shipbuilding and construction.The move comes after South Korean authorities initiated an investigation into dumping by Chinese steel suppliers after local companies had filed complaints about an influx of low-cost steel plates from Chinaā¦
ClassNK, OceanScore Partner on Data-Driven Regulatory Compliance
A collaboration agreement has been signed between classification society ClassNK and maritime data and technology firm OceanScore to link the latterās integrated solution for ClassNK ZETA (Zero Emissions Transition Accelerator) that enables users and related stakeholders to access visualized MRV/DCS data.Shipping companies using the ClassNK ZETA service will gain seamless access to OceanScoreās market-leading Compliance Manager under the agreementā¦
10-Year-Old Pilot Boat Back to Gladding-Hearn for Repower, Refit
Charleston Branch Pilots have returned a pilot boat to Gladding-Hearn after 10 years of continuous service for the port of Charlestown. The all-aluminum vessel will be repowered and refitted with a new Seakeeper 40 gyro stabilizer.The 65ā Fort Ripley was designed by Ray Hunt Design and Gladding-Hearn and built by the Somerset, Mass., shipyard in 2014. With a top speed of 28 knots, it was the first commercial vessel in the United States powered by Volvo Penta IPS drives with twin forward-facingā¦
Phillips 66 Leases Floating Storage Vessel in Singapore
The Singapore trading arm of U.S.-based refiner Phillips 66 has recently leased a new floating storage vessel along the Singapore and Malacca Straits for storing fuel oil, market sources told Reuters.The 300,000 metric-tons capacity Southern Emperor is the latest addition to 19 existing fuel oil floating storage vessels along the Straits chartered by various market participants, said sources.So far, Phillips 66 has been partially renting the EM Splendour for fuel oil storage.The Singapore and Ma
First US-Built Wind Turbine Installation Vessel Starts Sea Trials
The United States' first Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, has started sea trials ahead of delivery to Dominion Energy planned for later in 2025.The Seatrium AmFELS shipyard in Bronsville, Texas, has been in charge of the construction of the WTIV vessel, the first of its kind to be build in the United States.The vessel, commissioned by Dominion Energyā¦
Eidesvik, Agalas and Reach Subsea Order New Dual-Fuel Hybrid CSV
Eidesvik Offshore, Agalas, and Reach Subsea have partnered up to build a new construction support vessel (CSV) for subsea and offshore renewables operations.The new CSV will have similar specifications as the vessel Eidesvik currently has under construction together with Agalas at the Sefine Shipyard in Turkey.The vessel will also be built at the Sefine Shipyard, with delivery scheduled for spring 2027.It will be specifically equipped to perform inspectionā¦
New Commercial Manager for Wallenius Marine
Niklas Blomqvist, formerly Environment & Quality Manager, has been appointed Head of Wallenius Marine Singapore and Global Commercial Manager.As Captain Swee Aun Lim, former Head of Wallenius Marine Singapore and Ship Management Singapore, retires, Wallenius Marine has implemented several organizational adjustments. Blomqvist takes on two new roles, succeeding him as Head of Wallenius Marine Singapore and Göran Söderdahl as Global Commercial Manager.
Tidewater Appoints New Vice President of Marine Operations
Tidewater has appointed Chris Mack as the company's new Vice President of Marine Operations.Mack brings over two decades of industry experience to the Tidewater team.He earned his Bachelor's degree in Maritime Transportation from the California Maritime Academy and received his Master of Marine Transportation and Engineering Management from California State University Maritime Academy in 2023. He began his maritime career as an Able Seamanā¦
Video Exposes Animal Welfare Transgressions in EU Trade
A new film produced by a group of NGOs entitled Live Exports: Beyond Borders, Beyond Imagination has been shown in the EU Parliament.During slaughter in the Middle East, North Africa and Turkey, the film indicates that even minimum welfare standards are ignored. Cattle are roughly beaten with sticks ā including on the head and face ā to force them to the ground. In Egypt, slaughtermen often sever cattleās leg tendons with a knife to control the animals.
Iron Ore Shipments Fall 7%
Global iron ore shipments have fallen 7% y/y, during the first seven weeks of 2025, amid supply disruptions and weak Chinese import demand. Australian cargoes have fared the worst, down 10% y/y while shipments from Brazil have weakened by 5% y/y.āThe comparatively stronger Brazilian shipments are boosting average sailing distances, but tonne mile demand is nonetheless estimated to have taken a 6% fall y/yā¦
WFW Advises Eurazeo on Investment in Offshore Service Vessel Platform
Watson Farley & Williams (āWFWā) advised Eurazeo, acting as lead investor via its Eurazeo Transition Infrastructure Fund, on a $73m investment in new offshore service vessel platform MPC OSE Offshore.
STEESMAT Project Funded, Aims for Next-Gen Vessel Power Systems
The EU granted $8.1 million to the STEESMAT project, which aims to develop a new power distribution systems for the zero-emission ships of the future.Spearheaded by Maritime CleanTech, 13 partners will collaborate on the development of an innovative power distribution system tailored to the needs of tomorrowās emission-free vessels. This tech is aiming to simplify the integration of modern green energy sources while optimizing the efficiency of existing solutions.
Green Shipping Corridors: The Hurdles Ahead
Under current and prospective policies from the IMO, EU, and US, the business case for green shipping corridors could improve markedly - but not sufficiently - according to a new report published by UMAS, UCL, and the Global Maritime Forum (GMF). Titled āBuilding a Business Case for Green Shipping Corridors,ā the report looks at the significant commercial challenges associated with green shipping corridorsā¦
The Nuclear Option: ABS Grants AIP for 15K TEU Nuclear-Propelled Vessel Design
A nuclear-propelled containership designed by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) received approval in principle from ABS.The design for a 15k TEU vessel uses a propulsion system comprised of a molten salt reactor (MSR) for heat and a supercritical carbon dioxide (SCO2) system for power generation. Unlike conventional ships, nuclear-powered vessels do not require engine exhaust systems or fuel tanks.
Veson Nautical Opens Dubai Office
Veson Nautical (Veson) opened a new office in Dubai as part of an enhanced commitment to one of the worldās most important shipping hubs.This expansion is aimed at bringing Veson closer to its growing regional client base and reinforcing its role in shaping the future of maritime technology and data solutions in the region.Veson CEO John Veson traveled to Dubai to open the new office, and the occasionā¦
Baseblue Launches Bunker Fuel Supply Service at Point Lisas Port
Baseblue launched a new bunker fuel supply service at Point Lisas Port, Trinidad, a major maritime hub in Trinidad, comprised of four key terminals: Point Lisas Industrial Port Development Corporation (PLIPDECO), Savonetta, Yara Trinidad, and Phoenix Gas. Baseblue's new supply service will primarily focus on PLIPDECO and Savonetta terminals, where the local supplier's storage tanks (VLSFO 20,000 & LSMGO 10,000) are based.
