Friday, December 02, 2022
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ammonia-fueled ship designs

Japanese Shipping Makes Progress on Ammonia-Fueled Ship Design

Published Dec 1, 2022 5:13 PM by The Maritime Executive

Japan is a major supporter of the development of ammonia as the emerging front-runner for alternative fuel. The government is encouraging and funding a broad range of programs across industries and in the latest development, two of Japan’s leading shipping companies are reporting progress.  The goal is to have a commercial alternative available by the middle of this decade. The shipping companies have been focusing on the designs needed for new commercial vessels fueled by ammonia as well as the...

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US Navy sails near Spratly Islands

US and China Trade Words After USS Chancellorsville Approaches Spratly

Published Dec 1, 2022 5:10 PM by The Maritime Executive

The U.S. Navy’s latest freedom of navigation operation in the South China Sea has sparked a new war of words between the Chinese and U.S. military. In a rare seen harshly worded statement from the U.S. Navy, they directly responded to the Chinese statement regarding the operation which accused the U.S. Navy of trespassing in Chinese waters without requesting permission to sail near the hotly contested Spratly Islands.  A small outcrop of mostly uninhabited islands, the Spratly archipelago has been...

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Grand Princess skips Australian port due to COVID-19

Princess Cruise Ship Skips Australian Port Due to COVID-19 Cases

Published Dec 1, 2022 4:09 PM by The Maritime Executive

Princess Cruises’ cruise ship the Grand Princess is the latest to experience a significant outbreak with the continuing wave of COVID-19 in Australia. The 107,500 gross ton cruise ship skipped a stop in Newcastle, Australia on Tuesday with some reports saying the local authorities had turned the ship away, while Princess reported it decided to skip the port after consulting with the local health authorities. Princess Cruises was quick to highlight that like the broader travel industry it is working...

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Concordia Maritime reviewing fleet

Concordia Maritime Evaluating Fleet as Transition Continues

Published Dec 1, 2022 3:14 PM by The Maritime Executive

Financially troubled product tanker operator Concordia Maritime reports that it is continuing with the review of its remaining vessels looking at opportunities to realize the value of its assets based on the strong market. The fleet review is proceeding as the company delivered the first of three additional vessels to its new owners.  "In 2022, we'll have sold and delivered seven vessels in total,” said Erik Lewenhaupt, CEO of Concordia Maritime. “The first ones were sold to avoid docking costs...

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Offshore

ACP

Right Whale Speed Limits Could Affect U.S. Wind Farm Costs

The offshore wind industry is concerned about the National Oceanic and Atmospheric Administration's planned vessel speed limit for North Atlantic right whale protection, which would affect budgets for wind farm capex and opex. The industry-standard crew transfer vessel (CTV) is a day-boat, and even at 20 knots it can only go so far out and back in the course of a work day. Running that same boat at 10 knots reduces its reach, and a wind farm that can't be...

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Shipbuilding

China's first SOVs for offshore wind

Keel Laying Ceremony for China’s First SOVs for Offshore Wind

The keel laying ceremony took place on November 30 for two of China’s first SOVs (Service Operation Vessels). The two Ulstein designed vessels are being built at the ZPMC Shipyard for Shanghai Electric and will be used for operations and maintenance services in China’s growing offshore wind energy sector. The two vessels consist of Ulstein SX 195 and SX 197 designs, scheduled to be delivered by the end of 2023 and early 2024. The construction of these two vessels also...

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Environment

carbon storage projects Malaysia and Norway

Large CO2 Storage Projects Proceeding in Malaysia and Norway

Efforts are intensifying around the world to develop large-scale CO2 storage to permanently sequester carbon produced at large industrial sites or even from ships underway. In the latest developments, agreements were reached for projects in Norway and Malaysia, with each being highlighted among the largest offshore sites for this emerging industry. Malaysia to Sequester CO2 from Gas Field Malaysian energy company PETRONAS reported that it has reached the Final Investment Decision for the development of its Kasawari CO2 Sequestration (CCS)...

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Business

Concordia Maritime reviewing fleet

Concordia Maritime Evaluating Fleet as Transition Continues

Financially troubled product tanker operator Concordia Maritime reports that it is continuing with the review of its remaining vessels looking at opportunities to realize the value of its assets based on the strong market. The fleet review is proceeding as the company delivered the first of three additional vessels to its new owners.  "In 2022, we'll have sold and delivered seven vessels in total,” said Erik Lewenhaupt, CEO of Concordia Maritime. “The first ones were sold to avoid docking costs...

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