HD Hyundai and Maersk Cooperate on Decarbonization and Logistics
HD Hyundai and A.P. Moller - Maersk have signed an Memorandum of Understanding (MoU) to establish a collaboration on decarbonization solutions for vessels, while HD Hyundai plans to expand the use of Maersk’s integrated logistics services across its affiliates.Since 2021, HD Hyundai has received orders for a total of 19 methanol-powered container ships from Maersk. Last year, the company successfully delivered the world’s first methanol-powered ultra-large container ship…
EU Releases Roadmap for Ending its Dependency on Russian Energy
The EU will end its dependency on Russian energy by stopping the import of Russian gas and oil and phasing out Russian nuclear energy, while ensuring stable energy supplies and prices across the Union with a new REPowerEU Roadmap.Despite the significant progress achieved under the REPowerEU Plan and via sanctions since Russia's invasion of Ukraine, in 2024 the EU saw a rebound in Russian gas imports.
King County Selects Moose Boats for Hybrid Patrol Boat
The King County Sheriff’s Office Marine Division in Washington has selected Moose Boats to build a new, custom diesel electric hybrid patrol boat.The model M1 will be 46’ long and powered by two Volvo Penta D11-625HP Diesel engines integrated with in-line twin Dan Foss electric motors.The vessel build will be a close collaboration between Hamilton Jet, who has designed the electric propulsion system, Volvo Penta and Moose Boats.
Great Lakes Limestone Trade Down in April
The Lakes Carriers' Association reports that limestone shipments in the Great Lakes totaled 1.8 million net tons, a decrease of 21.6% compared to a year ago. Loadings were also below the month’s five-year average by 15.7%.Shipments from U.S. ports totaled 1.5 million tons, a decrease of 18.2%. Loadings at Canadian quarries decreased by 35.3% to 297,064 tons.Year-to-date, the limestone trade stands at 2 million tons, a decrease of 22.7% from 2024. Shipments from U.S.
ABS Approves New Floating Offshore Wind Turbine Design
ABS has awarded approval in principle to Seatrium Marine & Deepwater Technology for its new design of a floating wind semi-submersible floating column foundation for 15MW wind turbines.Seatrium highlights that the design is optimized for efficient fabrication and cost-effectiveness while being capable of handling the harshest environments. The new design concept features pontoons on three sides and…
Malta to Repair Gaza Aid Ship
Malta's government said on Tuesday it would carry out repairs in international waters on a humanitarian aid ship which was reportedly bombed by two drones early on Friday.The "Conscience" is operated by the Freedom Flotilla Coalition, an international NGO which says it wants to use the ship to break the siege of Gaza and deliver humanitarian aid.The drone attack happened as the ship waited to board an international group of activists just outside Malta's waters…
Trump Announces Deal to Stop Bombing Houthis
President Donald Trump announced on Tuesday the U.S. will stop bombing the Houthis in Yemen, saying that the Iran-aligned group had agreed to stop interrupting important shipping lanes in the Middle East.After Trump made the announcement, Oman said it had mediated the ceasefire deal, marking a major shift in Houthi policy since the start of Israel's war in Gaza in October 2023.Under the agreement, neither the U.S. nor the Houthis would target the other, including U.S.
Petrobras Seeks Foreign Partnerships with Brazilian Shipyards
Brazil's Petrobras is looking to attract foreign investments to boost local shipyards, said the state-run oil firm's CEO Magda Chambriard on Tuesday.Petrobras is looking for strong companies to partner with shipyards to build more ships locally, said Chambriard, who recently visited China and discussed the matter with government officials and firms."We are traveling and visiting other countries in order to invite companies…
Exxon Consortium Produced 668,000 bpd in Guyanese Oil Last Week
A consortium led by Exxon Mobil that controls all oil and gas output in Guyana produced 668,000 barrels per day (bpd) of oil last week, the U.S. company's head for the South American country, Alistair Routledge, said during a conference on Tuesday.The group is working to install its fourth floating output facility after receiving it in Guyana's waters in February. In March, the companies produced 627…
Beacon Offshore Energy Expects First Oil From Shenandoah System in June
U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June, a company executive said on Tuesday.The floating production unit, which is expected to produce 120,000 barrels of oil per day (bpd), was in the final stage of being hooked up and commissioned, Michael Clarke, Beacon's vice president of deepwater developments, said at a conference…
Fincantieri Marinette Marine Hosts University of Wisconsin Chancellor
Officials at Fincantieri Marinette Marine hosted University of Wisconsin-Madison Chancellor Jennifer L. Mnookin and members of her team on May 2 in the Marinette shipyard, 50 miles north of Green Bay.The purpose of the visit was to update the chancellor on the international internship program Fincantieri started last year with engineering students at University of Wisconsin–Madison.FMM’s leader, Jan Allman…
ABS Advisory Provides Insight into Dual-Fuel Solutions for Newbuild Vessels
The maritime industry is under increasing regulatory pressure to decarbonize, driven by the International Maritime Organization’s emission reduction targets and the European Union’s maritime emissions regulations. In response, shipowners are exploring various dual-fuel propulsion options as a pathway to reduce greenhouse gas emissions and to future-proof their assets against upcoming regulations.The…
Lubrication Engineers Acquires RSC Bio Solutions
Lubrication Engineers, Inc., a developer and manufacturer of high-performance industrial lubricants and asset reliability solutions, announced that it has acquired RSC Bio Solutions, an innovator of sustainable and biodegradable lubrication solutions.RSC Bio Solutions, with its portfolio of environmentally acceptable lubricants (“EALs”), helps its global marine and industrial customers achieve regulatory compliance while meeting environmental stewardship goals.
Survitec Expands Fujairah Service Station to Better Serve Middle East Operations
Survitec, a global leader in Survival Technology, has announced an expansion of its Fujairah service station.The move, which adds 1,350 square meters of new capacity, transforms the UAE-based facility into a full-service station. It integrates liferaft servicing for RaftXChange, a liferaft rental and exchange solution, alongside its established lifeboat inspection and marine fire safety service operations.
Expeditors Beats Q1 Profit Estimates, Demand Driven by Tariff Anticipation
Global freight forwarder Expeditors International of Washington reported first-quarter earnings above Wall Street estimates on Tuesday, driven by companies pulling forward goods in anticipation of price hikes from President Donald Trump's tariffs."While we often have performed well when the marketplace is most unpredictable, I am not sure any of us have ever seen anything like the non-stop, rapidly shifting rules and regulations that have impacted our industry in recent days…
Ambrey: RSF Launched Drone Attack on Port Sudan's Container Terminal
British maritime security firm Ambrey reported on Tuesday that the paramilitary Rapid Support Forces (RSF) had launched a drone attack on facilities at Port Sudan, targeting the container terminal and escalating a two-year-long conflict.Ambrey said it had obtained video footage showing damage to the terminal and civilian infrastructure, reportedly leaving the city without power.No damage to merchant vessels was reported…
Vestas: US Import tariffs Will Raise Domestic Electricity Prices
President Donald Trump's import tariffs will ultimately result in higher electricity prices for U.S. consumers, wind turbine maker Vestas warned on Tuesday, adding it could not absorb the extra costs.Wind turbines include components and materials sourced globally, making the sector vulnerable to potential impacts from international trade tariffs."Ultimately, the tariffs will go in and be part of an increased cost to the projects and therefore it will lead to an increased price in electricity…
BluePass, XMAR Partner to Launch UAE’s First Government-Backed Digital Bunkering Platform
XMAR, a digital bunker platform, has entered a strategic partnership with BluePass, the UAE's leading maritime digital initiative supported by the Ministry of Energy and Infrastructure (MOEI). This collaboration represents a step forward in transforming how stakeholders connect, transact, and manage fuel procurement across the Gulf region and beyond.This partnership positions XMAR as the technical engine behind the newly launched bunkering service from BluePass.
Huisman Books Two-Crane Order for Sea1 Offshore’s Vessels
Crane specialist Huisman has secured another contract for the delivery of Knuckle Boom Cranes, which will be installed on Sea1 Offshore’s new offshore energy support vessels.The two 250 mt Knuckle Boom Cranes will be installed of ST-245-designed vessels.The contract was signed with COSCO Shipping, and follows a previous order for two identical cranes awarded at the end of 2024.The cranes will feature…
ABS, Akselos Deepen FPSO Digital Twin Tech Collaboration
American Bureau of Shipping (ABS) and Akselos have completed the technical assessment for structural digital twin technology, marking an advancement in the application of the solution for Floating Production Storage and Offloading (FPSO) units.Akselos’ SPM software provides a high-fidelity, near real-time digital twin of the entire FPSO. By combining inspection records, metocean conditions, and cargo operations into one dynamic model…
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