Rising costs - News

Babcock has been awarded two further contracts for work on the UK’s new Dreadnought Class submarine worth a combined £120 million. This includes a 4.5-year £66 million contract with the Ministry of Defence (MOD) to provide input into the development of the support solution for the UK’s new Dreadnought Class submarines.  Knowledge and insights The new Class of submarine will replace the Vanguard Class in the early 2030s to maintain the Continuous At Sea Deterrent...

Cochin Shipyard Ltd (CSL), the largest shipbuilding and maintenance facility in India, has ordered 2 × 2 × MAN 12V175D-MEV variable-speed GenSets in connection with the building of two short-sea feeder container ships for global logistics company, Samskip Group, headquartered in Rotterdam. Known as the SeaShuttle project, the vessels will be among the first of their kind globally to be powered by individual 3.2 MW hydrogen fuel-cell-based energy systems. The MAN GenSets will act as...

Protecting seafarers and fishers’ rights and working conditions now – while preparing them for a digitalised and decarbonised future – were key themes explored during the first International Maritime Organization (IMO)/International Labour Organization (ILO) Conference on Work at Sea, which took place at IMO Headquarters in London on 13 November. “The professionals who work at sea, the seafarers, fishers and other maritime personnel, are the lifeblood of shipping and th...

Trade in Africa has become a popular talking point; with infrastructural, innovation, and technical challenges dogging the process, impacting economic growth, thwarting intra-country business, and slowing the development of regional economic corridors. It has become clear that a sustainable trade environment is needed to boost trade, which is currently low in comparison to international trade. African Continental Free Trade Area The African Continental Free Trade Area (AfCFTA) came into force...

Babcock International Group (Babcock), the international defence company, has signed a four-year £750 million contract with the UK Ministry of Defence’s (MOD) Submarine Delivery Agency (SDA), to deliver the infrastructure required to support and sustain the UK’s submarines for decades to come. As part of the major infrastructure programme underway at the Devonport site, Babcock will deliver substantial upgrades to existing infrastructure that will support the future capability...

A new study by cross-border shopping platform UBuy Switzerland reveals the states where is most costly to ship to are Armenia, Azerbaijan, and Georgia. The study compared shipping costs from everywhere in the world to all European countries and then calculated the average to discover which countries are most expensive to ship to. Average shipping costs Armenia, Azerbaijan, and Georgia share the top spot with an average of €143.74. As the three countries are neighbours in the Caucasus reg...

Technology group - Wärtsilä will supply the Cargo Handling Systems for five new very large LPG carrier vessels to be built at the Hyundai Heavy Industries (HHI) yard in South Korea. The order with Wärtsilä was booked in Q3, 2023. The ships have been contracted by Norwegian ship owner - Solvang, in a joint venture with Gunvor Group Ltd, in Geneva. The VLGCs are of Panamax size and form the next generation of eco-vessels. Partnership with HHI and Solvang The Wärtsil&aum...

During the three-day summit, many Indian ministers, government officials and international maritime communities discussed and deliberated key issues of the maritime sector - emphasising the importance of the Indian maritime sector and the need for collaboration to achieve sustainable growth - Shri Narendra Modi, Honorable Prime Minister of India, inaugurated the summit on 17th October 2023. The summit was a flagship event aimed at propelling the Indian maritime economy by promoting global and r...

ABS is joining Mencast Marine (MMPL), the Singapore University of Technology and Design (SUTD), and the National Additive Manufacturing Innovation Cluster (NAMIC) on a project to manufacture and class a 3D-printed propeller. The collaborative project builds upon a Memorandum of Understanding (MOU) signed by ABS and MMPL that is focused on additive manufacturing (AM), also known as 3D printing, for critical maritime components. WAAM techniques ABS is committed to supporting these inn...

ClassNK has issued an Approval in Principle (AiP) for a parcel layout concept for a hydrogen-fueled multi-purpose vessel developed by Mitsui O.S.K. Lines, Ltd., MOL Drybulk Ltd., Onomichi Dockyard Co., Ltd., Kawasaki Heavy Industries, Ltd., and Japan Engine Corporation. This is the world’s first AiP certification for a ship equipped with a large low-speed two-stroke hydrogen-fueled engine as the main propulsion engine. Growth and building of the vessel According to the companies, demon...

Renewable energy will be more important to shipping’s climate goals than any other fuel feedstock, according to a survey of 200 maritime decision-makers. The ‘E-Fuels in the Shipping Industry’ survey, conducted by market researcher mo’web and commissioned by Accelleron, identifies the huge potential and some of the key challenges that ship owners and operators face as they deploy alternative fuels to meet industry targets of climate neutrality by 2050. Around 93% of...

Dafo Vehicle, a pioneer in safety for vehicles in high-risk industries, has promoted Fredrik Rosén to the position of Business Line Manager for Material Handling. As a key member of Dafo Vehicle since the division’s inception, Rosén has played an integral role in Dafo Vehicle’s success. His transition from Business Manager - Middle East and Africa and Marketing Manager reflects a strategic change in the business to focus and strengthen the support and knowledge in this...

Spire Global, Inc., a global provider of space-based data, analytics and space services, was selected by MAN Energy Solutions, a global player within the marine, energy and industrial sectors, to provide weather data and real-time automatic identification system (AIS) vessel-tracking data. According to McKinsey & Co, the shipping industry can decrease fuel consumption by 1% through optimised vessel execution and performance management mechanisms, utilising AIS and weather data for route map...

Leask Marine Ltd., Marine Contractors based in Kirkwall, Orkney, have retained their internationally recognised ISO 45001:2018 Health & Safety Management System, ISO 14001:2015 Environmental Management System, ISO 9001:2015 Quality Management System, and ISO 27001:2017 Information Security Management System accreditation standards. This independent five-day assessment was conducted by the pioneering certification body, the British Assessment Bureau and demonstrates Leask Marine’s co...

As part of its effort to expand its presence in the East African markets, WEG is taking significant steps to increase its presence in Uganda through a partnership with Petrok as a Value Added Reseller (VAR). Petrok's local presence and technical expertise, along with the reliability of WEG products in the market, will facilitate this expansion. Strengthening position in Uganda The expected economic growth from projects like as the East African Crude Oil Pipeline (EACOP), along with the exis...

ABS signed a memorandum of understanding (MOU) to work with key stakeholders in Korea to develop and demonstrate a 3D printing system for ocean-going vessels. Using a digital library for the design process, the system aims to support rapid maintenance, repair and operations (MRO) by using 3D printing, also known as additive manufacturing (AM), to manufacture parts on a vessel while at sea. Approval and certification process ABS joins project partners Ulsan Metropolitan City, Ulsan ICT Promoti...

The PHOENIX HARMONIA, a liquefied petroleum gas (LPG) powered very large LPG/ammonia carrier, has been constructed by Namura Shipbuilding Co., Ltd. (Namura) and delivered to MOL Energia Pte. Ltd., a Singapore-based company of Mitsui O.S.K. Lines Group on September 29. Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, supported Namura and contributed to the delivery of the vessel, based on a technical cooperation agreement executed between the two companie...

ClassNK has granted its Innovation Endorsement for Products & Solutions to a Berthing Aid System developed by Furuno Electric Co., Ltd (Furuno). In order to promote the spread and development of innovative technologies, ClassNK has offered Innovation Endorsement for Products & Solutions. ClassNK supports the deployment of products and services through third-party certification for equipment and software technology with innovative functions. Situational awareness Berthing Aid System us...

Peel Ports Group has announced it has significantly reduced its greenhouse gas emissions across its port facilities, cutting these by almost a third since 2020. The reduction is revealed in the group’s new 51-page ESG report-one of the most detailed reports of its kind to be produced by any UK port operator of similar size. As the country’s second largest port operator, Peel Ports has published the document to showcase its commitment to sustainable port operations. Scope 1 emi...

Accelleron has signed a strategic partnership with METIS Cyberspace Technology that will expand the number of marine installations and power generation facilities that can use data analytics to improve turbocharger operation and maintenance. METIS develops data-collecting hardware and IoT solutions that can be easily deployed in vessels and facilities to achieve automated, real-time data availability. Under the cooperation, METIS will provide onboard and cloud-based data infrastructure to Accel...

ClassNK has released "Guidelines for Fuel Cell Power Systems On Board Ships (Second Edition)", which cover safety provisions related to the design of ships powered by fuel cells as well as fuel cell power systems themselves, coming in anticipation of the growing adoption of fuel cells in maritime transport. Fuel cells are power systems that use electrical energy obtained from the chemical reaction between hydrogen and oxygen. Notably, they do not emit CO2 during electricity generation, position...

ClassNK is hosting the "EU-ETS Seminar-Get Ready for EU Allowance in the Shipping Sector" in Singapore, inviting experts in EU Allowance (EUA) trading. It aims to share insights and guidance to help shipping companies prepare for the upcoming carbon credit scheme required for ships operating in EU waters.  Following the recent amendments to the EU Directive for EU Emissions Trading System (EU-ETS) that extend its scope to the shipping sector, shipping companies will be mandated to manage E...

On the 15th September, Maritime UK, in collaboration with Women in Transport and sponsored by Hill Dickinson, hosted an epoch-making summit that showcased early findings from the Women in Transport Equity Index Project. The Summit convened during London International Shipping Week 2023 at Hill Dickinson's City of London offices and spotlighted vital challenges and opportunities in gender diversity within the transport sector. Key Findings included: The majority of women in transport sector...

OXE Marine. Inc (US), a subsidiary of OXE Marine AB, has received an order totaling USD 5.8m, to supply a United States Governmental Agency, (the Agency).  The scope of supply of the order includes 40 units of the company’s low-emission diesel OXE outboard engines, rigging accessories, spare parts, and lifecycle support as well as rigging and installation services to be performed to the fleet of vessels being fitted with OXE engines. Installation services All products are planned f...

MacGregor, part of Cargotec, has been chosen to deliver RoRo equipment for two of the world's first methanol-fuelled Pure Car and Truck Carriers (PCTC) for China Merchant Energy Shipping to be built at China Merchants Heavy Industry (Jiangsu) Co., Ltd. in China. The order was booked into Cargotec’s 2023 third-quarter orders. The vessels are to be delivered to the owner between the third and fourth quarter of 2025. MacGregor's scope of supply MacGregor's scope of supply is to design and...

Get an up-close look at how one of the world’s cutting-edge seaports operates while setting an industry-pioneering example in the fight against climate change at the second-annual Green Port Fair from 11 a.m. to 4 p.m. Saturday, October 7. Free event at Long Beach The free event at Harry Bridges Memorial Park, 1126 Queens Highway in Long Beach, will feature the new “clean machines” of cargo movement, interactive environmental information booths, children’s activities, a...

ABS and Asiatic Lloyd Maritime LLP, a member of the AL Group, have signed a joint development project (JDP) to study the feasibility of converting the fuel system of an ultramax bulk carrier, from conventional diesel to methanol.  The study is focused on a series of up to eight ABS Classed ultramax bulk carriers ordered for construction in the New Hantong Shipyard, China, for AL Group. Author's quote “Converting vessel propulsion systems to take advantage of the decarbonisation pot...

ABS awarded approval in principle (AIP) to Samsung Heavy Industries Co., Ltd. (SHI) for its cyber resilience systems design. As technologies have expanded, automation systems have become more complex and integrated, and autonomous functions are being introduced, the probabilities of cyber-related incidents have increased. ABS found that the SHI system meets cyber resilience requirements established in the ABS Rules for Building & Classing Marine Vessels and IACS UR E26 C...

The 2023 edition of The Future of Maritime Safety Report from Inmarsat Maritime, a Viasat business, reveals that the number of distress calls from ships at sea remains high, despite a continuing decline in vessel losses. The new report, which analyses Global Maritime Distress and Safety System information captured by Inmarsat, registered 853 distress calls from January to December 2022–up from 794 in 2021.  With the number of losses of vessels over 100 gross tonnage (GT) fa...

The Port of Rotterdam Authority and Yokogawa Electric Corporation have initiated a feasibility study into increasing cross-industry integration for the efficient use of energy and utilities in the Rotterdam industrial cluster to contribute to ambitious regional decarbonisation goals. A first scan showed that optimising the use of electricity and utilities across companies could yield cost savings as high as 5%. Individual companies in the petrochemical industry have generally highly optimised t...