Industry News – Page 3
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NewsBulker newbuild values at 15-year high
Values for newbuild vessels of 180,000 DWT are up by around 5.45% to US$69.63m
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NewsMethanol Institute names new COO
The Methanol Institute has named Alexander Döll as its new chief operating officer
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NewsBook your delegate place at the Green Ports & Shipping Congress
The inaugural Green Ports & Shipping Congress takes place in Singapore next week
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NewsBook now for the Green Ports & Shipping Congress
There’s less than a month to go before the inaugural Green Ports & Shipping Congress
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NewsVARD appoints new CEO
Cathrine Kristiseter Marti has been appointed chief executive officer at Vard Group AS, with effect from 1 June 2024. Marti replaces the current ceo, Alberto Maestrini, who will retain his position as chairman of the board.
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NewsBIMCO: Ship recycling sinks to 20-year low
The recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years, BIMCO’s Filipe Gouveia has claimed. The decline reflects strong demand, following a series of market shocks, while low orderbooks have kept older ships operating for longer than usual.
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NewsFirst ClassNK TA for maritime ESS awarded to Corvus Orca
Corvus Energy’s Corvus Orca Energy Storage System has been awarded Type Approval by ClassNK.
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NewsCMA CGM selects Damen for retrofit campaign
Container liner owner and operator CMA CGM has selected Damen Shipyards Group to install energy efficiency solutions onboard a number of container vessels over the next few years. The agreement marks the first time CMA CGM has selected European yards for the installation of complex energy efficiency modifications.
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NewsMILESTONE IN CANADA’S ICEBREAKER RENEWAL
Chantier Davie of Quebec has been awarded the design contract for the planned series of six heavy icebreakers to be deployed by the Canadian Coast Guard.
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NewsE-FLEXER NEWBUILD FOR CANADIAN SERVICE
In the first North American application of the E-Flexer ro-pax ferry concept developed by Stena RoRo, the 203m Ala’Suinu is on positioning voyage from her Chinese yard of build for service in eastern Canada.
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NewsIndustry First Audit for the Operation of LCO2 Carriers
ABS has awarded an industry first ISM Document of Compliance to ECOLOG, a mid-stream Carbon Capture, Utilization and Sequestration (CCUS) service provider, for the operation of liquified CO2 carriers on behalf of the Bermuda flag administration.
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NewsEuropean Offshore Electrical Power Bunkering Project Initiated
A new project has been launched to develop a comprehensive solution for offshore electrical power bunkering. The BlueBARGE Project is receiving funding from the Horizon Europe program and involving 14 partners from 10 European countries.
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NewsTrans-Atlantic green hydrogen deal
The Port of Argentia in Newfoundland and Hamburg Port Authority have signed a letter of intent committing the two countries to the export of Canadian hydrogen to Germay as part of the implementation of the Canada-Germany Energy Partnership and Hydrogen Alliance.
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NewsJERA begins world-first NH3 co-firing demonstration at Japanese thermal plant
JERA Co., Inc. (“JERA”) and IHI Corporation (IHI) have announced the beginning of the world’s first demonstration testing of ammonia substitution at a large-scale commercial coal-fired thermal power plant. The test involves the first application of fuel ammonia substitution at large volume (up to 20% of heating value).
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NewsIBIA appoints three members to its board of directors
The International Bunker Industry Association has announced the election of three members to its board of directors.
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NewsBulk carrier life cycle assessment quantifies benefits of energy-saving technologies
The CHEK project’s analysis of the emissions reduction potential that multiple energy saving technologies would have on a Kamsarmax bulk carrier paves the way for decarbonisation solutions and more accurate ESG reporting.
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NewsBALLAST WATER: MEPC 81 STRUGGLES TO DELIVER CLARITY
Several years ago, it was thought the ballast water management (BWM) market would experience a boom, rewarding the cutthroat behaviour of many OEMs with a massive influx of orders and a winner-takes-all profit outcome. But as it stands, the boom has appeared more a protracted trickle, and the regulation surrounding the issue is still in flux. As of the conclusion of MEPC81 in March, a number of important questions had still not been settled.
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NewsSEATRADE BOOSTS REEFER BOXSHIP FLEET
Signalling a major new stage of investment in temperature-controlled cargo capacity, the first of six reefer containerships ordered by specialist operator Seatrade was handed over by her Chinese builder last week.
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NewsSvitzer Targets Methanol-Fuelled MAN 175DF-M Engine for Tug Application
MAN Energy Solutions and Svitzer have signed a Memorandum of Understanding (MoU) focused on the development of a methanol-fuelled version of the MAN 175D engine. Designated 175DF-M (Dual Fuel-Methanol), the MoU targets the finalisation of a field-test agreement based on which a dual-fuel engine and plant equipment will be installed on board one of Svitzer’s newbuild tugs.
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NewsMAN ES UPDATES MID-RANGE ENGINES
Upgraded versions of two of its most versatile propulsion engine series have been developed by MAN Energy Solutions. The revisions to the S50 and S60 types entail a number of design and component changes and introduce further dual-fuel options into the company’s two-stroke portfolio.
