Monday, October 21, 2024
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soft sail wind assisted propulsion

Soft Sails to be Studied by Orix and Sumitomo in Bulker Demonstration

Published Oct 21, 2024 3:43 PM by The Maritime Executive

  In a new project, Japan’s Orix Corporation working with Sumitomo Heavy Industries plans to study the feasibility and conduct a demonstration using soft sails to provide wind-assisted propulsion on a larger bulker.  It is a new version of wind-assisted propulsion for large commercial ships which so far has mostly focused on larger solid sails and wing foils as well as rotors. The companies are working with North Sails Japan which manufactures high-quality soft sails that have been used on...

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MSC containership in Brazil

MSC to Buy Brazil’s Wilson Sons Terminal and Tug Operator

Published Oct 21, 2024 3:06 PM by The Maritime Executive

  MSC Mediterranean Shipping Company is continuing its global acquisition efforts with the latest transaction announced in Brazil. The company has agreed to acquire a controlling interest in Wilson Sons, which is described as the largest integrated port and maritime logistics operator in Brazil. Under the terms of the agreement, MSC will acquire 56.47 percent of the company’s shares from Ocean Wilson Holdings, a Brazilian-based investment company for approximately $760 million or just over $3 per share. Under securities law,...

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tanker fire

Engine Fire Aboard Product Tanker in Singapore Anchorage

Published Oct 21, 2024 12:54 PM by The Maritime Executive

  The Maritime and Port Authority of Singapore and the Civil Defense Force responded to a fire aboard a tanker shortly after it arrived in the Singapore anchorage this morning local time. According to the authorities, the 22 crewmembers of the Med Atlantic (26,234 dwt) were successfully evacuated from the product tanker, and the fire was quickly brought under control. The product tanker registered in Malta for Sea Tankers 4 and managed from Istanbul shows on its AIS signal that...

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iStock

Navigating the Next Storm: How Maritime Could Respond to the Next Pandemic

Published Oct 21, 2024 12:08 PM by Dr. Arthur L. Diskin

  The COVID-19 pandemic revealed just how vulnerable the global maritime industry can be in the face of a contagious outbreak. Seafarers were stranded, ports closed, and crew changeovers ground to a halt, highlighting the need for a more robust and comprehensive response plan for any future pandemics. As the industry begins to recover and redefine its health and safety standards, the question is no longer if another pandemic will happen, but rather how the maritime sector will respond when...

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Offshore

Woodside's Sangomar FPSO (Illustration courtesy Woodside)

Who Will Benefit From Senegal's Offshore Oil Development?

  [By Mustapha Manneh] Senegal hopes a move into offshore oil will transform its struggling economy but questions remain about who will actually see the economic benefits. Oil drilling can provide vital income for poor countries but it can adlso lead to social unrest and environmental damage when mismanaged – on top of the climate impact of burning the resulting fuel. In Senegal, the government’s plans have elicited mixed feelings in a population already struggling with climate change, degradation of traditional fishing...

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Shipbuilding

containership shipbuilding

Seaspan Feeds Boxship Building Boom Ordering Six More Vessels

  The building boom for containerships is continuing with the orderbook adding yet six more large vessels to be built in China for Seaspan. The Canada-based owner-lessor of vessels is maintaining its order pace even as it takes delivery of new vessels that operate under long-term charters with major carriers. China State Shipbuilding Corporation (CSSC) is reporting that its Hudong-Zhonghua subsidiary signed the latest order on Friday, October 18 to build six 13,600 TERU vessels for Seaspan. Due for delivery...

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Environment

An onboard carbon capture and storage system prototype (DSME)

Heavy Industries Need Carbon Capture - But It Has to be Done Right

  The UK government has given the go-ahead to carbon dioxide capture and storage (CCS) schemes worth £22 billion (US$28.6 billion). Critics are insisting that this technology – which involves capturing carbon as it is emitted or taking it back out of the atmosphere, then pumping it into rocks deep underground – is unsafe, unproven and unaffordable. Defenders are responding with painstaking rebuttals. Could the whole debate be missing the point? I think it is better to focus on the big picture – why we need CCS...

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Business

MSC containership in Brazil

MSC to Buy Brazil’s Wilson Sons Terminal and Tug Operator

  MSC Mediterranean Shipping Company is continuing its global acquisition efforts with the latest transaction announced in Brazil. The company has agreed to acquire a controlling interest in Wilson Sons, which is described as the largest integrated port and maritime logistics operator in Brazil. Under the terms of the agreement, MSC will acquire 56.47 percent of the company’s shares from Ocean Wilson Holdings, a Brazilian-based investment company for approximately $760 million or just over $3 per share. Under securities law,...

Continue Reading...