Wednesday, January 26, 2022
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tonga

Australian Aid Ship for Tonga Suffers COVID Outbreak on Board

Published Jan 25, 2022 9:35 PM by The Maritime Executive

An Australian amphib carrying relief cargo to Tonga has reported nearly two dozen cases of coronavirus on board, temporarily slowing its mission. HMAS Adelaide is a big-deck amphib with a well deck, an onboard hospital and room for 1,000 troops, the kind of vessel that comes in useful in a natural disaster. She is carrying heavy equipment, medical supplies and helicopters to support the logistics and distribution effort in Tonga. “The forces on board Adelaide are tailored to the requests...

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offshore power buoys for ships while idle at sea

Maersk Launches New Company to Deliver Offshore Vessel Charging Buoys

Published Jan 25, 2022 8:22 PM by The Maritime Executive

To extend the benefits of shore power to sea and support the use of batteries and electric power on ships, Maersk announced plans to launch a new company that will install offshore vessel charging stations. The first of the platforms that looks like an ordinary ocean buoy will be demonstrated later this year for vessels at an offshore wind farm operated by Ørsted. The company to be known as Stillstrom, which will be part of Maersk Supply Services, will seek...

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UK investing in floatng offshore wind technologies

UK to Invest $42M in R&D Projects for Deep-Sea Floating Wind Farms

Published Jan 25, 2022 7:33 PM by The Maritime Executive

In an effort to maintain its leadership in offshore wind power generation and to further advance the technologies for deep-sea floating wind farms, the U.K. government announced an additional $42 million in grants to 11 projects working on the technologies. The government expects that private industry will match its contribution to drive forward with the technologies needed to place turbines in deep-sea areas where wind strengths are at their highest and most productive for energy generation. The focus of this...

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Newcastle coal

EPS Incorporates Cargo Into its CO2 Goals, Banning All Coal

Published Jan 25, 2022 6:50 PM by The Maritime Executive

Eastern Pacific Shipping has formalized a practice of not carrying coal cargoes aboard its bulkers, and it believes its decision could be a model for expanding the industry's decarbonization objectives.  Eastern Pacific moves about 26 million tonnes of bulk cargo aboard its 30-plus bulkers every year, but it hasn't moved any coal since April 2020. It has now codified this business pattern in a "no coal cargo" policy, it announced Tuesday. In its annual ESG report, Eastern Pacific noted that...

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Offshore

UK investing in floatng offshore wind technologies

UK to Invest $42M in R&D Projects for Deep-Sea Floating Wind Farms

In an effort to maintain its leadership in offshore wind power generation and to further advance the technologies for deep-sea floating wind farms, the U.K. government announced an additional $42 million in grants to 11 projects working on the technologies. The government expects that private industry will match its contribution to drive forward with the technologies needed to place turbines in deep-sea areas where wind strengths are at their highest and most productive for energy generation. The focus of this...

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Shipbuilding

containership construction

Containership Orders at Record Levels with New Order Linked to MSC  

After a record year for containership construction orders, 2022 is starting strong with China reporting a first large order. The contract reported by Dalian Shipbuilding Industry, a subsidiary of China State Shipbuilding Corporation (CSSC), also is the latest convergence of two trends in shipbuilding, containerships and LNG-fueled ships. DSIC reported that it has entered into a construction contract for six dual-fuel containerships with “a well-known European shipowner.” The order is being linked to Mediterranean Shipping Company, which was moving aggressively...

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Environment

criticisim of amendments to EU ETS

Shipowners and European Ports Criticize Amendments to EU ETS

Organizations representing both European shipowners and ports are voicing their disapproval with sections of the new proposals for the European Union’s pending legislation to launch the Emissions Trading System (ETS) that was outlined as part of the Fit for 55 climate and energy reforms. First released in July 2021, the proposal has been controversial, with the World Shipping Council now saying the latest amendments would corrupt the ETS while the European Sea Ports Organization says the effectiveness of the policy...

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Business

profit forecast for container lines

Drewry: Moderating Growth Will Still Give Lines $200B Profit for 2022

The world’s container carriers smashed records in 2021 leading to reports of dramatic profit increases and while the growth is expected to moderate in the year ahead, the companies are still forecast to show another year of record results. Maritime research consults Drewry released its outlook for 2022 forecasting that higher carrier profits would drive industry sales past $500 billion for the first time in 2022 prompting Drewry to revise its earnings estimate to a staggering $200 billion for the...

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