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The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage while increasing transit time from 16 days to 32 days according to a report by LSEG Shipping Research. These additional costs mostly account for extra fuel and increase costs for an Aframax tanker by 110%, while for a large container vessel, it increases by 35% for a voyage between Asia to NW Europe. Average monthly transits Transits through Suez have...
Technology group Wärtsilä and Carnival Corporation & plc have signed a one-year extension to the Performance-based agreement that has been in place since 2017. The agreement, which was due to expire in March 2029, will now be valid until March 2030. It covers the maintenance, technical support, optimisation and fuel-saving solutions for 57 cruise ships within the global Carnival Corporation fleet. The contract was signed in October 2023. By optimising the performance and effi...
Bennett Marine, a Division of Yamaha Marine Systems Company, needed a solution that integrated solar energy generation and mechanical upgrades to optimise both sustainability and working environment outcomes. However, adding the cooling capacity needed by a large warehouse, and the employees working there, during the long Floridian summers could significantly increase the utility load on the building. Solution Bennett Marine’s management approached its outsourced service provider, ABM....
ABB announced it has entered into an agreement to acquire the shipping business of DTN Europe BV and DTN Philippines Inc. (hereinafter DTN Shipping), expanding the company’s offering in maritime software. This will establish ABB as one of the market pioneers in ship route optimisation. The acquisition of the DTN Shipping portfolio covers vessel routeing software, including analytics, reporting, and modelling applications. Financial details of the transaction were not disclosed. The...
Wallem Group is pleased to partner with Chinese automaker BYD by providing commercial services for its first fully chartered PCTC vessel, MV BYD Explorer No. 1. The vessel has completed its first loading operations and is on its inaugural voyage to Europe. Wallem Group is providing BYD with day-to-day support on vessel operations including cargo stowage, route and bunker planning, and is liaising between the vessel, owner, and charterer. In addition, Wallem Group is working closely with BYD to...
Korea Marine Transport Company Ship Management (KMTC SM) has reported annual fuel savings worth approximately US$540,000 in total after installing Accelleron’s digital engine optimisation solution Tekomar XPERT on 12 Panamax vessels. The fuel savings enabled KMTC SM to reduce its CO2 emissions by about 4,200 tons. Tekomar XPERT delivers engine optimisation recommendations based on thermodynamic insights that aim to bring engines back to the operating performance achieved at “new&rdq...
MAN Energy Solutions has won the contract from Royal Boskalis B.V., the Dutch dredging and marine services company, to supply 3 × MAN 49/60 engines for a 31,000 m³ Trailing Suction Hopper Dredger (TSHD). Each engine will come accompanied by an exhaust-gas after-treatment system, namely a MAN Low-Pressure Selective Catalytic Reduction (LP-SCR) system, that ensures IMO Tier III compliance. The new building will be built at the Dutch shipbuilding company, Royal IHC, at its Krimpen a...
Wärtsilä Water & Waste, part of technology group Wärtsilä, has signed a four-year Service, Spares and Technical Support agreement with cruise operator Carnival Corporation & plc. The contract covers a platform for providing the support needed to maintain and operate the onboard waste-handling equipment efficiently, and in compliance with the most stringent environmental regulations. The order was recorded in Wärtsilä’s order book in Q2 2023. Ris...
Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group and Nihon Shipyard Co., Ltd., a Tokyo-based joint venture for ship design and sales between Imabari Shipbuilding Co., Ltd. and Japan Marine United Corporation, have signed an MOU with Mitsui & Co., Ltd. and Mitsubishi Corporation on the collaborative study for ocean-going liquified CO2 (LCO2) carriers to realise large-scale international transportation in Japan initiated CCS (Carbon dioxide Capture and Sto...
Now in its ninth year, the Middle East Bunkering Convention (MEBC) returns to Dubai in February to offer expert comment and informed debate about the issues and challenges impacting the global marine fuel sector and, as always, to provide a sharp focus on the evolving Middle East bunker market. From the vantage point of early 2024, MEBC will consider the commercial outlook for the industry amid escalating geopolitical tensions and a tough and complicated sanctions landscape. Speakers at the con...
Wilhelmsen Ship Management, a provider of third-party ship management services headquartered in Singapore, and Hamburg-based asset manager MPC Capital have agreed to acquire 100% of the company Zeaborn Ship Management. The acquisition is the consistent next milestone in the partnership between Wilhelmsen and MPC Capital and their ship management joint venture Wilhelmsen Ahrenkiel Ship Management and tanker specialist Barber Ship Management. Zeaborn manages a fleet of around 100 vessels, compr...
ExxonMobil plans to build a pilot plant at the Botlek site in Rotterdam, using carbonate fuel cell technology. These fuel cells have the ability to capture CO2 emissions from industrial sources, before they are released into the atmosphere, while also making valuable by-products. The technology produces low carbon power, heat, and hydrogen as by-products. The CO2 captured will be transported through Porthos and stored in depleted gas fields under the seabed of the North Sea. Performance and us...
Technology group - Wärtsilä will supply the cargo handling and LPG (liquefied petroleum gas) fuel supply systems for a new Medium Gas Carrier (MGC) vessel being built for Turkish ship owner - Pasco Gas. The contract was signed with Hyundai Mipo Dockyard (HMD) and was booked by Wärtsilä in Q4 2023. The 45,000 m3 capacity vessel was ordered as an option following an earlier new build contract signed in February 2023. The Wärtsilä scope of supply is the same for both...
Harbour Commission approves promotions to fill positions. The Long Beach Board of Harbour Commissioners has approved the appointments of new directors for the Port of Long Beach’s Human Resources and Engineering Design divisions. Khristina Jason, previously the Port’s assistant director of Human Resources since November 2021, will become Director of Human Resources. She joined the Port’s HR Division in April 2021 as Manager of Talent Relations and Engagement, having serve...
At Peel Ports Group, working closely with major cargo owners and shipping lines to find a solution which addresses a long-standing UK cargo flow distribution challenge. The efficient movement of goods is the lifeblood of any economy, and in the UK, the distribution of freight plays a crucial role in sustaining supply chains. However, the unequal distribution of freight by sea across the country poses significant challenges to both efficiency and sustainability. UK’s general productiv...
At Scheveningen Harbour in the coastal city of The Hague in the Netherlands, an AI-based video security system from Bosch Building Technologies is now ensuring that every single ship or boat entering or leaving the harbour is logged. The customised solution developed by Bosch together with its partner BrainCreators automatically registers and classifies shipping traffic. Intelligent security solution Until now, employees at the port control centre had to keep an eye on shipping traffic around...
Technology group Wärtsilä introduces EvoTube, a revolutionary and patented advancement in Shaft Line technology for marine propulsion systems, reducing risk and simplifying operations. While based on a conventional stern tube, the EvoTube is a significantly simplified system with fewer components than a conventional stern tube system. The inboard seal is mounted directly on the aft bearing housing, and the forward bearing is replaced with a standalone bearing inside the eng...
International Marine Contractors, Leask Marine Ltd. achieves another “World First”. The company has announced that it has successfully installed its first offshore grouted pile with its revolutionary Raptor Submersible Drilling Rig (SDR) technology. This marks the final commercialisation phase of the Raptor SDR, from concept, design, manufactured, and full testing programme complete with third-party verification. Characteristics of Raptor SDR design The main characte...
As technology progresses in maritime operations and communications, especially in the realm of data transmission, the adoption of hybrid connectivity is proving critical. Pledging a smooth blend of various network technologies, it aspires to deliver improved reliability, flexibility, and performance. Yet, more thorough scrutiny reveals that what is often perceived as hybrid connectivity may not genuinely embody its core principles. Tristan Wood, managing director of Livewire Digital, a company...
WEG announced to its shareholders and the general market that, as approved at an extraordinary meeting of the Board of Directors held on December 07, 2023, and following the succession plan of its Executive Team established, as from March 31, 2024, the following movements will be implemented: Within the succession planning, structured and conducted by the Board of Directors with the support of renowned consultancies, Mr. Harry Schmelzer Júnior will leave the position of Chief Executi...
WEG announced to its shareholders and the general market that, as approved at an extraordinary meeting of the Board of Directors held on December 07, 2023, and following the succession plan of its Executive Team established, as from March 31, 2024, the following movements will be implemented: Within the succession planning, structured and conducted by the Board of Directors with the support of renowned consultancies, Mr. Harry Schmelzer Júnior will leave the position of Chief Executi...
At the 28th United Nations Climate Change Conference, the Maritime and Port Authority of Singapore (MPA), Port of Long Beach and Port of Los Angeles unveiled a Partnership Strategy for a green and digital shipping corridor across the Pacific Ocean. The scope of cooperation and success indicators specified in the strategy reaffirms the corridor partners’ commitment to drive global action to digitalise and decarbonise the shipping industry and improve efficiencies. Green and digital...
ABB has secured a contract with Auckland Transport (AT) to deliver the maritime world’s first megawatt charging system (MCS) to recharge electric ferries using the same interface as trucks and aeroplanes. Lowering the barrier to entry, the standardised and highly adaptable system is expected to improve electric vessel competitiveness against fossil-fueled counterparts. As part of its Mission Electric initiative, AT has ordered two 200-seat all-electric ferries and two 300-passenger hybri...
At the Marintec China trade fair, DNV awarded an Approval in Principle (AiP) certificate to China Merchants Jinling Shipyard (Nanjing) Co., Ltd. for its ground-breaking 11,000-CEU capacity pure car and truck carrier (PCTC) design. Recognised as the world's largest PCTC, the 234 m long and 40 m wide ship will have 14 decks allowing 11,000 car equivalent units (CEUs) to be stored simultaneously, which not only increases efficiency but also reduces the transport cost per vehicle. Requirements of...
ABB has launched a new digital tool allowing shipowners, operators and designers to estimate the emission-reduction impact of various ABB technologies used on board ships when compared to alternative solutions and in scenarios specified by the user. The CO2e (carbon dioxide-equivalent) Calculator is applicable to five ABB solutions for the maritime industry– Azipod® electric propulsion, energy storage, Onboard DC Grid™ power system platform, shaft generator, and shore connection...
Babcock has appointed Paul Armstrong to lead its Marine sector, delivering a number of critical UK and international defence programmes, including the UK’s Type 31 frigates for the Royal Navy. With a career that started in shipbuilding in Barrow-in-Furness, Paul brings a wealth of wide-ranging industry experience to grow and develop one of Babcock’s core business sectors. Joining Babcock from Draken International, the aviation defence business where he was CEO responsible for oper...
At the Marintec China exhibition, DNV awarded two Approval in Principle (AiP) certificates to Dalian Shipbuilding Industry Co., Ltd. (DSIC) for the design of a 50,000cbm floating liquefied CO2 (LCO2) storage and injection unit (FSIU) and a 20,000cbm LCO2 carrier. The AiPs confirm the general feasibility of the conceptual designs as reviewed by DNV. They follow earlier projects by the shipyard, such as the design development of the world’s first 7,500cbm LCO2 tanker currently under constru...
Technology group Wärtsilä will supply its latest simulator technology for a new maritime training centre in Finland. The order has been placed by the South-Eastern Finland University of Applied Sciences (Xamk) and the Joint Authority of Education of Kotka-Hamina Region (Ekami). It was booked by Wärtsilä in November 2023. The simulator will be installed in Xamk's new campus in Kotka, Finland, where also part of Ekami´s maritime training will take place in the...
Global law firm Norton Rose Fulbright has advised Citibank N.A and BNP Paribas as global co-ordinators, initial mandated lead arrangers and bookrunners on a $2.8bn sustainability- and gender diversity-linked facility to GasLog Ltd. The revolving facility is secured on GasLog's fleet of LNG carriers and incorporates KPIs linked to both carbon emissions and female representation in the company’s cadetship programme. Greek law aspects DNB Bank ASA acted as Agent for the deal, ABN...
Investing in a sustainable value chain is a key opportunity for energy companies transitioning to a lower-carbon system. Additive manufacturing, a forefront in sustainable manufacturing, addresses challenges posed by traditional methods. Reports reveal inconsistencies in sustainability reporting among energy and oil and gas companies, compounded by a lack of supply chain indicators in reporting guidelines, hindering objective assessments. Sustainability of AM parts In phase 3, the aim has bee...
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