NYK Energy Ocean Launched
NYK and ENEOS Ocean Corporation elected āNYK Energy Ocean Corporationā (NEO) as the name of the new company that will take over ENEOS Ocean's non-crude oil shipping business. NYK will acquire 80% of the shares of the new company and make it a subsidiary.By the end of last year, the transaction approval procedures by the Japan Fair Trade Commission and other relevant authorities in Japan and overseas were completed.
INFLECION: A New Name in Maritime SatCom by '28
AAC Clyde Space started the INFLECION project, something the company touts as a transformative initiative made possible by a contract with the European Space Agency (ESA). This marks the beginning of a project that will transform maritime domain awareness (MDA) through satellite technology.INFLECION is touted by its creator as a game changer for global maritime operations, addressing challenges and enhancing safety, efficiency, compliance, and environmental sustainability.
Western Bulk Reports Stronger 2024 Performance and Forecasts Lower Costs for 2025
Western Bulk improved its trading performance (Net TC) from $15 million to $24.4 million in 2024 while restructuring the business to lower the annual G&A costs by 15 % to $22 million going forward.
SpecTec Celebrates 40th
SpecTec celebreaters its 40th year via a special anniversary event in La Spezia, Italy, from May 19th to 21st.Founded in Oslo in 1985, SpecTec began as a pioneer in maritime technologyā¦
Surface Prep Crucial to Steel Coating Success
Germany-based protective coatings innovator Steelpaint GmbH is urging shipowners, shipyards, and port authorities with steel assets to prioritize surface preparation, advising that skimping on this critical step in the application process is leading to premature coating failures, costly repairs, and increased safety risks.The advisory follows a recent request to apply its single-component, moisture-cure Stelcatec to a steel structure that had not been properly preparedā¦
Bilbao Port Authority Showcases Hydrogen Infrastructure
The Bilbao Port Authority participated in the 1st Conference of the Chambers of Commerce and Hydrogen Valleys of the Atlantic Arc. The event, held at the Energy Intelligence Center (EIC) in Abanto-Zierbena, brought together the Chambers of Commerce of the Atlantic Arc, an alliance involving Chambers from Portugal, Spain, and France to improve the competitiveness of the region, with hydrogen valleys and clusters from the Cantabrian coast.In his presentationā¦
MEGA MACHINES: Manson Prepares to Add āThe Bionic Manā of Dredge Vessels
Manson Construction has long been a pillar of the U.S. maritime industry, rooted in a tradition of U.S.-built, U.S.-owned, and U.S.-operated vessels. The company was founded in 1905 by Peter Manson, when he dug up a jar of gold coins [because he didnāt trust the banks] and purchased a winch, a winch that was then put on a barge and that became Manson's first pile driver. With barge-mounted pile driverā¦
Fincantieri-EDGE JV Lines Up $520M UAE Navy Support Contract
Maestral, an Abu Dhabi-based shipbuilding joint venture between Fincantieri and EDGE, has lined up a major āIn-Service Support Strategic Partnership Projectā for the entire navy fleet of the United Arab Emirates (UAE), worth over $520 million.The contract to Maestral will be awarded by Tawazun Council, an independent government entity that works closely with the Ministry of Defence and security agenciesā¦
Seavolt, RAD Team Up for Electric Propulsion in Australia-Pacific Region
Seavolt and RAD Propulsion have formed a partnership to deliver complete electric propulsion solutions to boat manufacturers, marinas, ports, sporting organizations, and governments across Australia and the Pacific region.This collaboration brings together Seavoltās marine charging technology and RAD Propulsionās electric drive systems, offering customers a solution for electrifying their fleets.āWeāreā¦
SBM Offshore, Petrobras to Assess Application of Carbon Capture Tech on FPSOs
SBM Offshore and Petrobras have signed an agreement to study the application of carbon capture modules on floating production, storage, and offloading (FPSO) units.The module design is based on an engineering and design study between SBM Offshore and Mitsubishi Heavy Industries (MHI), qualified by DNV. It is based on a combination of MHIās proprietary CO2 capture technology and SBM Offshoreās Fast4wardā¦
Kongsberg Maritime to Equip Bibby Marineās Fully-Electric CSOV
Kongsberg Maritime has secured a contract to supply an integrated package of equipment for Bibby Marineās new electric Commissioning Service Operation Vessel (eCSOV), the worldās first fully-electric offshore vessel.Kongsberg Maritime will provide full-electric rim-drive propulsion with azimuth and tunnel thrusters. The scope of supply also includes the automation system, full electrical control systemā¦
Trump Grants First LNG Export License, Forms US Oil and Gas Energy Council
U.S. President Donald Trump's administration said on Friday it has granted a liquefied natural gas export license to the Commonwealth LNG project in Louisiana, the first approval of LNG exports after former President Joe Biden paused them early last year.The exports are approved to go to markets in Asia and Europe.Energy Secretary Chris Wright, whose agency is responsible for approving the shipments, said exporting U.S. LNG "strengthens the U.S.
Tariffs Destabilizing Ship Recycling Market
The effects of the US 25% tariffs announced on Chinese steel and aluminum products is already seeing destabilizing effects on ship recycling markets, says cash buyer GMS.āIt remains unsure as to where much of this surplus / excess and resultingly cheaper steel will end up, devastating ship recycling prices.āCompounding market uncertainties have taken center stage, says GMS, with President Trumpās āuncalculated tariff wars sending economies rocking this week, unintentionally targeting the U.S.
China Condemns Sailing of Canadian Warship in Taiwan Strait
China's military on Monday condemned the sailing of a Canadian warship in the Taiwan Strait, saying its air and naval forces had monitored and warned the ship, a mission that came just a few days after U.S. Navy ships made a similar mission.The U.S. Navy, and occasionally ships from allied countries like Canada, Britain and France, transit the strait, which they consider an international waterway, around once a month.
MSC Baltic III Grounded, Crew Safe
Canadaās Marine Communications and Traffic Services received a MAYDAY on Saturday from the MSC Baltic III as it ran aground located approximately 12 nautical miles outside the entrance to Bay of Islands, Newfoundland and Labrador, Canada.The vessel reported a loss of power, and unable to secure an anchor in the adverse conditions, grounded in Wild Cove west of Lark Harbour. All 20 crew have been airliftedā¦
ICS Pushes Levy-Based System Ahead of IMO Meeting
Guy Platten, Secretary General of the International Chamber of Shipping, has released a statement ahead of the UN IMO Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 18) calling for a levy-based GHG pricing mechanism.The key purpose of the mandatory GHG charge will be to reduce the cost gap between conventional marine fuels and zero/near-zero GHG emission fuels (such as green methanolā¦
Space Norway Launches World's Northernmost Subsea Cable
Space Norway is set to establish new high-speed connection from the Norwegian mainland to Jan Mayen and Svalbard.Space Norway has signed a contract with SubCom for the full system supply of the Arctic Way Cable System, including survey, design, manufacturing and installation. Scheduled to commence service in 2028, this new system will become a critical asset for transmitting data traffic between the mainlandā¦
Golden Ocean Group Appoints New Director
Dry bulk shipping company Golden Ocean Group has appointed Tonesan Amissah as Director of the company.Amissah is a Barrister and Attorney-at-Law with over 30 years of experience in international corporate law.She is currently a Client Director at Ocorian Services (Bermuda), a global fiduciary and corporate services company where she oversees all aspects of client service. Amissah is a former partnerā¦
US Drops Website Wording on Taiwan Independence
The U.S. State Department has removed a statement on its website that it does not support Taiwan independence, among changes that the island's government praised on Sunday as supporting Taiwan.The fact sheet on Taiwan retains Washington's opposition to unilateral change from either Taiwan or from China, which claims the democratically governed island as its own.But as well as dropping the phrase "we do not support Taiwan independence"ā¦
Coast Guard Breached Maritime Rules, Inquiry Finds
Greece's Ombudsman has found that the coast guard failed to follow maritime rules in one of the Mediterranean's worst shipwrecks in 2023, raising the alarm only after the overcrowded migrant boat sank, sources told Reuters.The conclusions of the inquiry by Greek Ombudsman Andreas Pottakis, which have not been published, confirm survivors' testimonies and have been sent to a naval court investigating potential criminal actions by the authority.Last weekā¦
