Chinese (Lunar) New Year holidays concluded this week and there appears to be a real spring in the step of industry players, as international ship recycling markets continue to push on once again, according to GMS.Both, Pakistan and Bangladesh…
It takes determined leadership to bring a culture of innovation to large and historic institutions like the U.S. Navy. Regarded as a successful leader in electromagnetic systems certification at Naval Surface Warfare Center Dahlgren Division (NSWCDD)…
Mitsubishi Shipbuilding Co., in a joint effort with Mitsui O.S.K. Lines, Ltd. (MOL), completed a conceptual study on a floating storage and regasification unit (FSRU) for ammonia, a study is aimed at promoting the use of ammonia as an energy source and the introduction of the ammonia FSRU globally…
In a recent interview with Maritime Reporter TV, Philip Lewis, Director of Research, Intelatus Global Partners, breaks down the U.S. Offshore Wind market 'By the Numbers.'Let's look at the world . There's around 75GW of offshore wind farms, either operational or being built in the world today…
Mitsubishi Shipbuilding Co., Ltd. has established a Marine Decarbonation Business Development Group responding to the energy transition strategy promoted by MHI Group. “We have received numerous inquiries from customers regarding growth sectors…
Abu Dhabi Maritime, the custodian of all of Abu Dhabi’s waterways and marine ecosystems, has assumed responsibility for all ferry services operating within Abu Dhabi’s waterways.Operating under the AD Ports Group, with guidance from the Department of Municipalities and Transport (DMT)…
Spot market earnings for VLCCs will average $2,500/day in 2022 on a non-eco, no scrubber basis (US $11,000/day for ECO-designs, without scrubbers), while the peak year for VLCC spot market earnings have been pushed out to 2025, amid substantial supply-side support…
Despite the prolonged COVID-19, Techcross reports that it has kicked off the new year with a new record in amount of order, FAT and shipments in January 2022.As of the third week of January, Techcross sold Ballast Water Management Systems (BWMS) for 81 ships…
Nakilat took delivery of a newbuild LNG carrier, “Global Sealine”, which will be commercially and technically managed in-house by Nakilat Shipping Qatar Limited (NSQL). Built by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea…
According to GMS, itt has been an increasingly static week in the Indian sub-continent ship recycling markets, especially after some early 2022 optimism displayed by a resurgent India in particular.Sales on various specialist units soared this…
Austal USA has been investing mightily, more than $600 million to expand its repair and services business for both commercial and military customers; and in the opening of a state-of-the-art steel panel line in Mobile to complement its established aluminum shipbuilding operations…
As COVID continues to create business hurdles globally, the SMS Group, based within the Port of Southampton in the UK, announced that it has recorded its busiest year in company history. Traditionally a ship repairer, SMS Group invested in a team of industry professionals to establish…
I recently built a 35 foot Solar Hybrid Electric Wheelchair Accessible Catamaran for my wife who became wheelchair bound a few years ago. (In typing this sentence, I just realized that this vessel can be referred to as a SHEWAC)It is only a 35 foot recreational vessel…
Huntington Ingalls Industries (NYSE:HII) announced that Matt Mulherin Jr. has been promoted to vice president of contracts at its Newport News Shipbuilding division. Mulherin succeeds Christie Thomas, who has been appointed corporate vice president…
Ocean freight costs are likely to remain high in 2022 as investors and regulators scramble to accelerate decarbonization of the shipping industry and companies grapple with green financing, sources say.Shipping, which transports about 90% of…
