Rising costs - News

Oceania Cruises, the world’s renowned culinary- and destination-focused cruise line, has unveiled details of its new culinary venue, the Crêperie, debuting on Allura™, its newest ship launching in July 2025. The Crêperie, located next to Baristas, the line's signature coffee bar, will offer a selection of tempting French crêpes, Bruxelles waffles and bubble waffles, alongside Italian ice cream sundaes, from mid-morning throughout the afternoon. The Crêperie...

Bronze bearings in the stern roller of the Anchor Handling Tug Supply (AHTS) Vessel ES Kestrel have been replaced with grease-free SXL bearings from Thordon Bearings while the vessel remained afloat and operational. The replacement was undertaken in May 2024 by Thordon’s Dubai-based distributor Ocean Power International (OPI) for the AHTS owner Echo Cargo & Shipping of U.A.E. While typically checked during routine drydocking, the vessel’s stern roller was experiencing turning is...

The delivery of the fourth Multipurpose Combat ship (PPA) “Giovanni delle Bande Nere” took place at Fincantieri’s shipyard in Muggiano (La Spezia). The ceremony was attended, among others, by Vice Admiral Andrea Gueglio, Director of the Italian Navy Military Personnel Directorate, by Admiral Chief Inspector Giuseppe Abbamonte, Director of the Naval Armaments Directorate - NAVARM, and Mr. Joachim Sucker, OCCAR Director, welcomed by Attilio Dapelo, Senior Vice President Oper...

Watson Farley & Williams (“WFW”) advised MET Group (“MET”) on its investment, by way of a partnership agreement with Celsius Group (“Celsius”), in one modern LNG carrier to be constructed by China Merchants Heavy Industry (Jiangsu). The LNG carrier is scheduled to be delivered in 2027 and will support MET’s growing LNG activities. The purchase supports MET’s strategy to enhance its ability to supply its customers with LNG from various sources...

ABS presented an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its new design of an ammonia floating production storage and offloading (FPSO) unit. Called Samsung Ammonia Blue, the concept features advanced safety components with an expected production capacity of 1.2 million tonnes per annum of ammonia. Class and statutory requirements ABS completed design reviews on the topside process, interface system and layout based on class and statutory requirements. “With o...

ABS issued an approval in principle (AIP) to pioneering Japanese companies at Gastech 2024 for two liquid carbon dioxide (LCO2) carrier designs with Type-C cargo tanks that do not require performing post-weld-heat-treatment based on the demonstration of an engineering critical assessment (ECA). ABS reviewed the drawings based on class and statutory requirements for the two designs, a 50K cubic metre carrier and a 23K cubic metre carrier, featuring Type-C cylindrical tanks made of carbon ma...

MacGregor, part of Cargotec, has secured an order to supply cargo access equipment for 12 Pure Car and Truck Carriers (PCTCs), with an option for eight additional vessels. The vessels will be built at China Merchants Heavy Industry (Jiangsu) Co., Ltd. (CMHI) for CIDO Shipping. The order was booked into Cargotec's third quarter 2024 order intake, with deliveries planned to begin in the second quarter of 2026 and to be completed by the fourth quarter of 2029. MacGregor's track record The s...

ABS and Hanwha Ocean Co., LTD, have agreed to explore cutting-edge technology projects together with the signing of an Offshore Technology Collaboration Agreement (OTCA) at Gastech 2024. The agreement is the foundation for collaboration on a succession of state-of-the-art projects leveraging each company’s core competencies under three broad themes: sustainability, digitalisation and artificial intelligence and operational technology cybersecurity. Clean energy solutions The agreement a...

An ammonia fuel supply system that can be retrofitted to existing vessels or installed on new builds has earned approval in principle (AIP) from ABS. The ammonia fuel supply system from Nikkiso Clean Energy & Industrial Gases, part of Nikkiso Co., Ltd.’s Industrial Division, features high-efficiency pumps and an integrated fuel management system. ABS completed design reviews based on class and statutory requirements. New fuel supply system “The ability to retrofit is significa...

The event, organised by the industry’s regional cluster organisation, and hosted by CEO, Ruth Wood, in collaboration with Peel Ports Group and Connected Places Catapult, was hosted in the iconic location of the Liverpool City Region’s Combined Authority at Mann Island. Maritime Minister, Mike Kane MP, gave the keynote address, his first major speech in his new role at the Department for Transport, and panellist contributions were received from Stephen Carr, Chief Commercial Officer...

MacArtney Asia, a pioneering provider of underwater technology solutions based in Singapore, is proud to announce its appointment as the regional reseller for Teledyne RD Instruments’ Acoustic Doppler Current Profilers (ADCP) and Doppler Velocity Log (DVL) products. This strategic partnership will enhance the availability and support of Teledyne RDI’s advanced ADCP and DVL technology across the region. Advanced and reliable products MacArtney is a supplier of underwater technology...

DNV, the independent assurance and risk management provider, has acquired CyberOwl, a global expert in cyber risk monitoring and threat management onboard maritime vessels. The two companies have joined forces to strengthen the cyber defences of the shipping industry by forming one of the world’s largest specialists in maritime systems cyber security. Cyber security regulation A typical fleet of 30 cargo vessels now experiences an average of 80 cyber incidents a year The partnership co...

At Gastech 2024 in Houston, classification society DNV awarded an Approval in Principle (AiP) to HD Hyundai group for their cloud-based integrated Hyundai Intelligent Digital Twin Ship (HiDTS) system, marking a significant milestone in their three-year collaboration on Data-Driven Verification (DDV) of digital twin technologies. Since 2022, DNV and Korea Shipbuilding & Offshore Engineering (HD KSOE) have been collaborating on Data-Driven Verification (DDV) of digital twin technologies. Int...

KR (Korean Register) has awarded an Approval in Principle (AiP) to HD Hyundai Mipo (HD HMD) for their innovative 23K Ammonia Bunkering Vessel and 18K LNG Bunkering Vessel on September 18, at GASTECH 2024, paving the way for green shipping. The development of these vessels represents a significant advancement in the maritime industry’s efforts to meet the International Maritime Organisation’s (IMO) ambitious greenhouse gas reduction targets, which include at least 20% by 2030 an...

DNV has awarded an Approval in Principle (AiP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its electric propulsion liquefied hydrogen (LH2) carrier design concept that could enable 80,000 cubic metres of LH2 storage and transport. The AiP awarding ceremony will take place at Gastech, Houston. Maritime transportation value chain This milestone forms part of a broader collaboration involving industry pioneers, HD KSOE, Woodside Energy (Woodside), Hyundai Glovis, and Mitsui...

Kongsberg Discovery develops technology to ensure sustainable management of marine resources, monitor climate change and critical infrastructure, and safeguard national security. It is a business area within the KONGSBERG group and has been present in Canada and the US for almost 30 years. The USA company is also changing its name from Kongsberg Underwater Technology Inc (KUTL) to Kongsberg Discovery US, LLC. Plans for growth Before joining Kongsberg Discovery, Sandhu had vast leadership...

ClassNK has updated its report ‘ClassNK Alternative Fuels Insight’ initially released in May 2024, to Version 2.0. This update includes the latest information on alternative fuel ships, including orders and deliveries, demand outlook, and cost simulations for ammonia-fueled ships. It supports customers’ future fuel options and investments. Given the wide range of alternative fuels available for ships, it is necessary to consider not only technical evaluations but also to under...

At the SMM trade fair in Hamburg, DNV awarded Huangpu Wenchong Shipbuilding Company (HPWS) three approval in principle (AiP) certificates for their innovative designs of three new ship types.  Three new designs  An ammonia-fueled 43,000 cbm midsize gas carrier (MGC)  An ammonia-fueled SWAN 3,500 TEU container ship, and  A LNG dual-fueled SWAN 1,300 TEU container ship with ice class. New-generation MGC features New-generation MGC features a wider beam compared to typ...

REACH Subsea’s ground-breaking uncrewed surface vessel, REACH REMOTE 1, has received the Skipsrevven Ship of the Year 2024 award at the SMM exhibition in Hamburg. The 24-metre REACH REMOTE 1 is the first of a pair of uncrewed offshore surface vessels designed and delivered by Kongsberg Maritime to Norwegian company REACH SUBSEA ASA. REACH REMOTE USV design Crammed with state-of-the-art KONGSBERG technology, the vessels will initially carry out underwater survey...

At the SMM trade fair in Hamburg, DNV awarded Hudong Zhonghua Shipbuilding Co., Ltd. with three Approval in Principle (AiP) certificates and a General Approval for Ship Application (GASA) certificate for the design of innovative vessels. Hudong Zhonghua, a subsidiary of China State Shipbuilding Corporation and one of China’s foremost shipbuilders, received these approvals as part of its efforts to address the shifting dynamics in the global energy market.  AiP certificates The AiP...

SOCSEA24, the 4th Society and the Sea Conference is taking a significant step forward in championing gender equality within the maritime industry. Female representation The conference organisers – National Maritime and the University of Greenwich – have announced that women in maritime leadership roles will make up 41.2% of the speakers and 50% of the moderators at 2024's SOCSEA event. This marks a significant 9% increase in female representation compared to the conference’s...

Vessel performance monitoring is a systematic approach to managing various aspects of a vessel to ensure optimal output and productivity. This process includes monitoring the engine's RPM, fuel consumption per nautical mile, speed, and emissions levels. Using digital tools and information technologies in vessel performance monitoring allows for real-time identification of the ship's onboard status, providing valuable support for continuous improvement and proactive management decision-making....

A collaboration between BERG Propulsion, shipping and logistics group CMA CGM and ship owner Reederei Rambow has proved pivotal in significant efficiency gains for an 868 TEU container vessel, with the 2007-built ship rejuvenated as one of the top performers in its class. In an innovative retrofit project requested by charterer CMA CGM, BERG worked with Rambow on a comprehensive package of efficiency optimisation measures onboard Henneke Rambow to match current and anticipated requirements. Re...

Technology group - Wärtsilä has signed a contract with Norwegian shipowner - Eidesvik to supply the equipment for the conversion of an offshore platform supply vessel (PSV) to operate with ammonia fuel. The vessel, ‘Viking Energy’, which is on contract to energy major - Equinor, is scheduled for conversion in early 2026 and is expected to start operating on ammonia in the first half of 2026, becoming the world’s first ammonia-fuelled in-service ship.  In additio...

After more than ten years of work and four diplomatic conferences, the International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA) is proud to announce that, effective August 22, 2024, they will officially change the status from a non-governmental organisation (NGO) to an Intergovernmental Organisation (IGO). Based on a Convention ratified or acceded to by 34 States to date, the new status represents a significant victory for multilateralism and ocean governance, ma...

ClassNK has classed the ammonia-fuelled tugboat “Sakigake” completed by Nippon Yusen Kabushiki Kaisha (NYK Line) and IHI Power Systems Co., Ltd. as an ammonia-fuelled vessel. This is the world's first ammonia-fueled vessel for commercial use (as of August 23, 2024, according to research by NYK). The NYK Group company Shin-Nippon Kaiyosha will employ the vessel in tugboat operations in Tokyo Bay over a three-month demonstration period. This vessel was a Green Innovation Fund Project...

A significant milestone in the history of Atlas Copco Group. The Group's employee-driven global initiative, Water for All, celebrates its 40th anniversary, an anniversary that represents four decades of unwavering commitment to making clean and safe water universally available. With the belief that access to water is not a privilege but a fundamental human right, Water for All emerged amidst a global water crisis manifested through events in Peru in 1984. Aimed with the conviction that wat...

Peel Ports was pleased to welcome the first call of a new direct container service connecting the UK’s North-West with the Far East this week. MSC’s new Britannia Service creates a unique corridor between the two markets and significantly opens up export and import opportunities for businesses looking to utilise the Port of Liverpool’s unique proximity to the heart of the UK. Britannia Service The new service follows increased demand from retailers and importers looking to d...

WEG’s family of electronically commutated motors (ECMs) now has a wider power range with the release of the W30 Smart EC line. The W30 Smart EC was developed to solve different types of motor fan applications, such as exhaust and ventilation systems for poultry houses, parking lots, tunnels and industrial kitchens, where comfort and reliability are essential. The W30 Smart EC is an electric motor with an aluminium frame and IP55 protection rating, which means the...

Valenciaport is a strategic enclave that facilitates trade for the Spanish economy and for exporting companies and, specifically, for companies involved in the wine trade that reach the five continents through the docks of Valenciaport. Spanish wine In fact, according to data from the Port Authority of Valencia (PAV), the wine produced in Spain and which leaves through the Valencian docks maintains trade relations with 132 countries.  Thus, in the last six months, 1,032,959 tonnes of...