Allseas to Electrify Launch and Recovery Systems
Allseas has commissioned MacArtney to replace existing hydraulic launch and recovery systems (LARS) with the all-electric eLARS on three vessels.The scope comprises three over-the-side 150 kN all-electric A-frames, including docking head and AHC winch, for a new fleet of electric remotely operated vehicles (ROVs) used in survey and construction tasks to water depths of 4-6 kilometers.One system is planned to be mobilized on Pioneering Spirit…
Renewable Diesel Project for Passenger Ferry Underway in California
In partnership with Catalina Express and Harbor Breeze Cruises, the Port of Los Angeles will soon begin emission-reduction technology demonstration projects for specialized harbor craft, thanks to a $31 million grant awarded by the California Air Resources Board (CARB).The Los Angeles Marine Emission Reduction (LA MER) project will involve the design, construction and launch of a passenger ferry with Tier 4 engines and potentially a CARB-verified, U.S.
Delayed Energy Transition Could Mean Higher Hydrocarbon Prices
As the risk of a delayed energy transition scenario increases, so does the possibility of a much greater pull on future oil and gas supply, but meeting this demand would require a significant increase in upstream investment, resulting in higher hydrocarbon prices, according to the latest Horizons report from Wood Mackenzie.According to the report “Taking the strain: how upstream could meet the demands of a delayed energy transition”…
Trafigura Co-Loads Ammonia and Propane
Trafigura and CF Industries, the world’s largest producer of ammonia, have completed the first co-loaded ammonia and propane shipment operation of its kind.In early January, the Green Power Medium Gas Carrier (MGC) completed a single voyage from the US to Europe loaded with ammonia from CF Industries and with LPG (propane) in separate tanks.The co-loaded vessel project was intended in part as a demonstration…
AI empowers shipowners with safety management challenges
The maritime industry is undergoing a digital transformation, and one of the key innovations making waves is the integration of artificial intelligence (AI) into safety management systems.The increased documentation required following the gamut of new rules and procedures place increasing demands on seafarers but companies like WiseStella are leveraging artificial intelligence to ease the cognitive…
Oil Dips on Larger US Crude Draw, Russia Sanctions
Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest sanctions targeting Russia and a larger than forecast fall in U.S. crude stocks.Brent crude futures were down 12 cents, or 0.15%, to $81.91 per barrel at 1415 GMT, after rising 2.6% in the previous session to their highest since July 26.U.S. West Texas Intermediate crude futures were down 18 cents…
Artemis Technologies Releases Sustainable Transit Report
Artemis Technologies, a world leader in commercial efoiling vessels, today released its Future of Sustainable Transit Report.Conducted by accredited third-party research firm, Censuswide, this report features insights from 2,000 Americans on their key grievances regarding public transit and the changes they are hoping to see in their cities when it comes to more sustainable modes of transportation.Data…
Persistent Tracking: Vital to Safeguard Shipping in Dark Seas
The ever-worsening geopolitical situation is creating unprecedented challenges for the shipping sector and wider supply chain.An expanding shadow fleet, openly undertaking illegal Ship-To-Ship (STS) transfers of Russian oil and Liquified Natural Gas (LNG), has compounded the longer-standing dark shipping problem that has emerged as a result of illegal activity (people, arms, drugs, contraband and fish smuggling)…
AWS Foundation Accepting Applications for 2025 Welding Scholarships
The American Welding Society (AWS) Foundation is pleased to announce that it is currently accepting scholarship applications for 2025 from welding students across North America.The deadline to apply for AWS National, District, and Section Scholarships is March 1, 2025.In 2024, the AWS Foundation awarded scholarships to more than 1,200 welding students, providing financial support ranging from $1,000 to over $10,000 per recipient.
Kongsberg delivers first REACH REMOTE USV
A new era of offshore operations has begun with the successful delivery of REACH REMOTE 1, a 24-metre unmanned surface vessel (USV) designed by Kongsberg Maritime. This ground-breaking achievement marks a significant milestone through collaboration between Kongsberg Maritime, REACH SUBSEA ASA, Massterly, and Trosvik Maritime.Designed to revolutionise offshore operations, the REACH REMOTE 1 is packed with cutting-edge KONGSBERG technology.
Maersk, Hapag-Lloyd: No immediate return to Red Sea
Two of the world's top shipping companies, Maersk and Hapag-Lloyd, said on Thursday they did not see an immediate return to Red Sea after the ceasefire between Hamas and Israel was announced.Both companies said they would be closely monitoring the situation in the Middle East and would return to the Red Sea once it was safe to do so."The agreement has only just been reached. We will closely analyze the latest developments and their impact on the security situation in the Red Sea…
Baltic Index sags again, dragged down by capesize, supramax rates
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a third consecutive session on Thursday, hurt…
Philippines, China seek common ground on South China Sea
The Philippines and China agreed to seek common ground and find ways to cooperate despite their disagreements in the South China Sea, their foreign ministries said on Thursday, as heated rows persist over vessels deployed around disputed features.The two countries on Thursday held a 10th round of talks under a bilateral consultation mechanism set up to address issues in the South China Sea, where disputes have been frequent and tense…
IMO Outlines 2025 Priorities
Secretary-General Arsenio Dominguez has highlighted several areas high on the agenda of the International Maritime Organization (IMO), as it embarks on a busy work schedule for 2025.Speaking at a news conference on 14 January 2025, Mr. Dominguez said that IMO’s 176 Member States continue to work together to find solutions to global challenges impacting the maritime sector.Dark fleetHe addressed rising…
Burger to build Passenger Vessel for Wendella Sightseeing
Burger Boat Company has announced that is has been awarded a contract to construct an 89-foot passenger vessel for Wendella Sightseeing Co. Inc.This state-of-the-art passenger vessel will be built with Burger’s renowned craftsmanship and precision engineering, delivering the highest standards of safety, performance, and comfort. The 89-foot vessel is designed to enhance Wendella's commitment to providing exceptional experiences on Chicago’s iconic waterways…
Dozens of Migrants Feared Drowned, NGO says
As many as 50 migrants attempting to reach Spain by boat from West Africa may have drowned, migrant rights group Walking Borders said on Thursday.Moroccan authorities…
Fincantieri Marinette Marine wins Harbor Assistance Grant
Fincantieri Marinette Marine (FMM) will receive $3 million from the State of Wisconsin to improve marine infrastructure along the Menominee River where the company builds surface combatant ships for the U.S. Navy.Governor Tony Evers and the Wisconsin Department of Transportation announced today that five in-state projects will receive more than $10 million in Harbor Assistance Program grants. These grants are intended to strengthen supply chain reliability…
Bardex Strengthens EMEA Team, Welcomes Finch as Director of Business Development
With the addition of Ian Finch to its Sales team, Bardex re-establishes a European base committed to growing and supporting clients and projects across Europe, the Middle East, and Africa.Bardex, a global provider of products and engineering solutions for marine-based heavy lifting, transfer, and restraint, is thrilled to welcome Ian Finch as its Director of Business Development for the EMEA region.
BP to slash over 5% of workforce
BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the energy giant.Around 4,700 employees and 3,000 contractor positions will be cut this year, BP BP.L told Reuters. The cuts were announced in an internal memo seen by Reuters earlier on Thursday.BP shares were up 1% at 1200 GMT.Auchincloss…
Product Tanker Vessel Deliveries to Soar 256%
According to current delivery schedules, product tanker newbuild deliveries are set to reach 12m deadweight tonnes (DWT) in 2025. Deliveries will therefore jump 256% compared to the 3.4m DWT delivered in 2024. At the same time, deliveries will reach a 16-year high and the second highest on record,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The increase in deliveries follows an increase in contracting of new ships during 2023 and 2024.
