Author: propellerclub

MARITIME NEWS 5-29-24

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Federal Maritime Commission Secures Over $2.3M in Civil Penalties from Three Companies

Johns Hopkins Engineers Launch Urgent Assessment of U.S. Bridges

IMO Members Adopt Resolution Condemning Attacks in Red Sea and Gulf of Aden

Wallenius Wilhelmsen Orders Four More ‘Shaper Class’ PCTCs

Yorktown Institute Calls For New Merchant Marine War College and Maritime Policy Overhaul

China’s Port Throughput Continues to Grow; Export Decline Slows Further

Analysts continue to like Yangzijiang Shipbuilding following positive order book momentum

Korea, UAE sign 19 agreements, including $1.5B LNG carrier deals

Bulker newbuilding values at 15-year high: Values for newbuild vessels of 180,000 DWT up by c.5.45% from USD 66.09 mil to USD 69.63 mil

Maritime charity provides support in face of alarming rise in abandoned crew

Windward Launches Organization Defined Risk, Setting a New Standard of Risk Management with Automated, Configurable Parameters

VIKAND and Riverr Forge Strategic Partnership to Revolutionize Maritime Health Management with Advanced AI Integration

MARITIME NEWS 5-28-24

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U.S. Weighs Additional Sanctions on Russia-China Trade

Freight Rate Surge Recalls Covid ‘Chaos’

Gram Car Carriers Agrees to $700 Million Acquisition by MSC Subsidiary

Maine to Research Floating Offshore Wind Turbines in Gulf

Ports need to adapt to US $67bn climate change threat

Florida’s SeaPort Manatee orders two Konecranes Gottwald Generation 6 Mobile Harbor Cranes to expand capacity

NextGen Demo: first concessionaires

Yangzijiang Shipbuilding hits record US$16.8b in orders year-to-date

Domestically-developed large LNG carrier launched in NE China’s harbor city

Maersk recognized as a ‘Leader’ in the Gartner Magic Quadrant

RINA hits 800 million euros in 2023 revenue and unveils Strategic Plan to reach at 2 billion euros by 2030

Taiwan’s Evergreen Marine warns of overcapacity on shipping routes

The Operator-Centred Enhancement of Awareness in Navigation Project (OCEAN Project)

MAN Cryo to Design Hydrogen Supply for Net-Zero Norwegian Ferries

Seminar for Women in Maritime in Conjunction with the International Day for Women in Maritime

MARITIME NEWS 5-24-24

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Shipper Fury as Spot Rates Soar and Carriers Ignore Contracts

Seaspan Receives Approval for Next Generation Feeder Ship Design

New Technologies and Soft Skills: Key Role for Shipping Decarbonization

Energy transition infrastructure is on track’

Gemini’s strategy relies heavily on hub port performance

Ship to shore power: 5 exciting reasons why it’s time to invest

Eastern Shipbuilding Group Awarded Contract To Construct Fisher Island Ferry

Allianz Commercial: Shipping losses hit all-time low despite increasing risks for the whole sector

Maersk: Articles of Association

Suppressing thruster tunnel drag to save energy and costs

California can lead the world to reduce emissions from ocean cargo ships, lower climate impacts, and improve air quality around ports

Decarbonization Countermeasures Between Sallaumlines&SunRui

Foreship appoints Business Development Director to grow commercial shipping opportunities

MARITIME NEWS 5-23-24

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Maritime Court Finds Greenhouse Gases are Marine Pollution

Maritime Losses Decline But Industry Faces Unprecedented Challenges, Allianz Report Warns

USCG Approves First Hydrogen-Powered Ferry to Operate in U.S. Waters

Shipping Companies Face $2M Fine After Pleading Guilty to Environmental Crimes

Cadeler Seals Largest Deal in Its History for Offshore Wind Farm Installation

Pelagus 3D partners with MENA’s largest digital manufacturer – Immensa

Ocean Infinity and Cyan Renewables form technology partnership to advance offshore wind projects in the Asia-Pacific region

Container xChange China Market Update May 2024

Has container peak season come early for shippers and lines?

Corvus Energy to supply battery systems for 10 new hybrid tugboats servicing the Panama Canal

Carbon Storage levy: Call for evidence response

Wärtsilä to convert two Scandlines ferries to plug-in hybrid operation

KIMM opens up the possibility of building “eco-friendly fuel stations” as it strives to make “clean fuels” a reality through the production of electrofuels

MARITIME NEWS 5-22-24

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Container Shipping Industry Bounces Back with $5.4 Billion Profit in Q1 2024

Cadeler Expands Fleet with Third A-Class Wind Farm Installation Vessel

Georgia Ports auto volumes up 44 percent in April

CMP and Green2x to build one of the world’s largest biofuel plants in Malmö

52.7 units/hour! Qingdao Port’s fully automated terminal set a new world record for the eighth time

Echandia Wins Record Order

Smooth Launching of Two Vessels from EPS

AAL orders two more super B-Class ships and announces fundraising drive for the Michael J Fox Foundation

Maximizing energy efficiency in the tanker segment

Adaptive Process Solutions delivers step change results for oil and gas produced water production Trial demonstrates new technology capable of achieving five-fold reduction in OiW

Cross-industry collaboration launches to accelerate digital twins uptake in shipping

SMM 2024: AI accelerates the digital transformation

SHIPTEK 2024 Celebrates Innovation and Excellence in Global Maritime Industry, Uniting Leaders in Saudi Arabia

HydroComp NavCad®: New features for improved Vessel-Propulsor-Drive system simulation

Chart Industries Joins ZESTAs, Fostering Collaboration in Absolute Zero Emission Ship Technologies

ABS Group Appoints New Senior Leaders to Strengthen Global Growth Initiatives

MARITIME NEWS 5-21-24

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Port of Los Angeles Reports Another Busy Month for Cargo Volumes

U.S. Federal Maritime Commission Launches Investigation into Canadian Ballast Water Regulations

Georgia Ports Set New Ro-Ro Cargo Record

Port Houston Posts Double Digit Box Growth – Container Volumes Up 12 Percent Through April

Port of Los Angeles cargo rises 12% in April; up 25% in 2024

New logistics and freight yard to boost port operations in Southampton

The world’s first methanol-powered container ship now on weekly service to the Port of Gothenburg

Damen Shipyards and SAFEEN Group to bring the first electric tug to the Middle East

Groundbreaking climate opinion from international court – States must go further to address GHG emissions

Trade Tech’s New 3-Way e-Booking Solution Seamlessly Connects Shippers, Logistics Providers and Ocean Carriers to Real-Time Data

International Court: States have legal duty to prevent greenhouse gas pollution of the Ocean and to restore and protect marine habitats

The first prototype trials of the Blue Visby solution demonstrate significant savings of CO2 emissions

Genevos awarded European Commission funding for hydrogen fishing vessel demonstrator in ‘H2-SEAS’ consortium

Ocean Network Express and the University of Tokyo Partner to Establish Social Cooperation Program “Container Management Science”

Artemis Technologies’ Electric Foiling Passenger Ferry Forges Ahead

MARITIME NEWS 5-20-24

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Saltchuk to Acquire Overseas Shipholding Group in $950 Million Deal

Arctic Shipping Route to See First-Ever Panamax Containership

Indonesia Eases Import Rule For Some Goods To Clear Containers

Navy Secretary Backs U.S. Maritime Revitalization Plan

Construction Begins on Truck Charging Depot at Port

Container Spot Rates on the Rise

Blackouts – causes, prevention, effective recovery

Jan De Nul reaffirms belief in energy transition with order for new XL cable-laying vessel

MOL Holds Naming Ceremony for Newbuilding LNG Carrier Greenergy Ocean to Serve China National Offshore Oil Corporation – First in Series of 6 Newbuilding LNG Carriers

The first two 11,500 dual-fuel container ships were successfully put on the berth

Wider adoption of situational awareness solutions will reduce collisions and insurance claims

Deltamarin and ECOLOG unveil LP LCO2 carrier design

Milestone! Headway Methanol Fuel Supply System Supports the Successful FAT of China’s First Methanol Dual-Fuel Low-Speed Engine

“K” LINE Conducts First Trial Use of B100 Biofuel for Carbon-free Operations on Car Carrier

MARITIME NEWS 5-17-24

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Panama Canal Slowly Returning to Normal Operations

US studying if other bridges at risk after Baltimore collapse

Shipping’s resilience buffeted by threats

Drewry: World Container Index Up 11% This Week

The European Commission grants PCI status to CO2 value chain project developed by MOL with partners

Industry should focus on promoting more women to leadership positions to further enhance diversity in maritime, says Stream Marine Group

MTI, the R&D Arm of the NYK Group, Celebrates Its 20th Anniversary Opening New Possibilities for the Maritime Industry through Co-Creation and Open Innovation

Electramar christened in Helsinki

Damen Shipyards teams up with BigLift to bring 11 tugs from East Asia to Europe on one vessel

MARITIME NEWS 6-5-24

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Onboard Carbon Capture: The Future of Shipping Decarbonization?

Hapag-Lloyd CEO Says Demand Surge May Be Short-Lived

Libra Group Makes $2 Billion Exit from Container Shipping

The Reliability of the Panama Canal in Times of Volatility

Northport Sets New Record In Container Handling

Damen and Atal Solutions announce partnership to slash shipping emissions

Onboard carbon capture technically feasible but commercial uptake relies on industry collaboration and regulatory acceptance, says DNV

Container Price Bubble Expected to Burst in H2 2024 Amid Shaky Consumer Confidence

Capital Gas, Erma First & Babcock Collaborate On Carbon-Fit CCS System For The World’s Largest LCO2 Carriers

PPG announces partnership with RightShip

ABB introduces Optimal Speed Routing to help vessels enhance fuel efficiency and reduce emissions

KR Grants AiP for 150K Ultra-Large Ammonia Carrier and Signs MoU with SHI for Development of Ammonia-Fueled Container Ships

Stolt Tankers expands fleet application of Shipshave’s ITCH™ as proactive hull cleaning reaps green rewards

Fossil Fuel Carrying Ships Risk A Substantial 30% Of Profits And Capital Value Being Wiped Out Amid The Global Shift Towards Decarbonisation

MARITIME NEWS 6-4-24

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Conflicting US-China Defense Strategies Dominate Singapore Forum

Union Maritime to Equip 34 Newbuilds with Wind Propulsion Technology

New SOLAS Regulations on Reporting Containers Lost at Sea

Equinor Secures Offtake Contract with New York State for Empire Wind 1 Project

Drewry Port Equity Index declines 2.3%

Port Of Tanjung Pelepas Sets Record Throughput Without Congestion, Leads As Top Transshipment Hub

Panama Canal increases vessel draft to 45 feet ahead of schedule and before rainy season arrives

HD Korea Shipbuilding & Offshore Engineering Showcases Advanced Ammonia Emission Reduction Tech

Panama presents its elevated maritime sector at the world’s biggest shipping exhibition, Posidonia 2024

Strongest seafarer wage increase: China

Decarbonising the Pilbara-to-Asia Iron Ore Export Trade Route: Joint Study Demonstrates Pathway to Net-Zero Emissions

Posidonia 2024: DNV and Artemis Technologies sign MOU on electric foiling ferries

KR and HD Hyundai Sign Business Agreement for Pilot Project of Cloud-based Next-Generation Smart Ship Solution

ABS: MOU Signed to Use AI Technologies to Eliminate Ship Blind Spots

MARITIME NEWS 6-3-24

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Maersk Announces Delays and Blank Voyages Due to Severe Port Congestion

Ammonia-Fueled Vessel Design Receives Approval in Principle

Ships Diverted From Red Sea Send Ripple Effects Across The Globe

Methanol-Fueled Vessels Surge as Demand for Alternative Fuels Grows

Maersk Raises Guidance Amid Worsening Port Congestion and Rising Freight Rates

Georgia Ports auto volumes up 44 percent in April

Two-thirds of European green shipping fuel projects at risk – analysis

Union Maritime and BAR Technologies join forces to lead on wind propulsion technology

Data-driven maintenance offers clear path for improving fleet reliability and efficiency

ABS 2024 Outlook Highlights Active Shift in Fleet Composition Toward More Sustainable Fuel Alternatives

Carrier Transicold’s Lynx Fleet Platform Enhances Monitoring of Refrigerated Fleets for Evergreen Marine Corp.

Stena Line’s use of AI drives the development of sustainable shipping

Inchcape Shipping Services Successfully Acquires Grieg Logistics AS

China’s weekly export container shipping index rises further

DNV to Host Expert Talks at Posidonia 2024

Scientists warn: Cleaner Shipping Fuel Contributes to Ocean Warming