Thursday, March 28, 2024
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Pacific Basin bulker

Pacific Basin Uses Graphene Coating on Props to Enhance Ship's Performance

Published Mar 27, 2024 6:55 PM by The Maritime Executive

  In the search for new tools to help improve the performance of in-service vessels, Pacific Basin, a leading dry bulk shipping company, has decided to apply a sustainable graphene-based propeller coating starting with the rollout on 40 ships as it moves to full fleet adoption. The company reports it will be the largest adoption in the dry bulk sector building of efforts by others including Stolt Tankers and Eastern Pacific Shipping. "Since 2007, we have been coating our vessels'...

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Romanian tugboats

EU Prosecutors Investigate Fraud in Romanian Tugboat Purchase Funded by EU

Published Mar 27, 2024 5:30 PM by The Maritime Executive

  The European Public Prosecutor’s Office reported it conducted searches at the offices and homes of officials in Romania as it is investigating a bid-rigging scheme. At issue is a suspected fraud relating to the procurement of two tugboats for the Lower Danube Delta with the scheme costing the EU an estimated €7 million. A total of 12 searches were conducted today against officials of the Administration of the Gala?i Lower Danube River Administration (Administratia Fluvial? a Dun?rii de Jos...

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SS Denebola and SS Antares, Baltimore, 2013 (EllenM1 / CC BY)

Multiple Vessels Trapped in Baltimore, Including Sealift Ships

Published Mar 27, 2024 5:26 PM by The Maritime Executive

As federal and local authorities focus on the emergency response to the collapse of Baltimore's Francis Scott Key Bridge, Port of Baltimore's inner harbor remains cut off from the rest of the world. No vessels can get in to deliver Baltimore's core cargoes - containers, cars, gypsum and sugar - and no vessels can get out.  The latter fact will be of particular interest for shipowners who have vessels inside the harbor. These include one car carrier, the Swedish-flagged Carmen;...

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offshore wind energy

Strong Interest in NE Wind Solicitation as Ørsted, Avangrid, CIP Bid

Published Mar 27, 2024 3:54 PM by The Maritime Executive

  Experts are predicting strong participation in the New England regional offshore wind energy solicitation due to close today. Announced in October 2023, the program coordinated the next phase of wind energy projects between Connecticut, Massachusetts, and Rhode Island and was designed to counter some of the pressures that slowed the industry’s progress in 2023.  Where companies including Ørsted were moving to withdraw from projects and canceling power purchase agreements in 2023, the same companies are now aggressively bidding for...

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Offshore

offshore wind energy

Strong Interest in NE Wind Solicitation as Ørsted, Avangrid, CIP Bid

  Experts are predicting strong participation in the New England regional offshore wind energy solicitation due to close today. Announced in October 2023, the program coordinated the next phase of wind energy projects between Connecticut, Massachusetts, and Rhode Island and was designed to counter some of the pressures that slowed the industry’s progress in 2023.  Where companies including Ørsted were moving to withdraw from projects and canceling power purchase agreements in 2023, the same companies are now aggressively bidding for...

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Shipbuilding

Davie Shipyard icebreaker

After Long Battle, Davie Secures National Shipbuilding Strategy Order

Davie Shipbuilding has secured its first contract under Canada's National Shipbuilding Strategy (NSS) for the design of the Canadian Coast Guard's six-ship Program Icebreaker series. The award vindicates Davie's decade-long effort to become a designated NSS shipyard and secure a share of the program. Details on delivery timeline and vessel cost have not been released. "The new fleet will be symbolic of Canada’s Arctic presence and crucial to keeping our country open for business year-round," said Public Services Minister Jean-Yves Duclos...

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Environment

British trawler in Weymouth

NGO Sues UK Government Over International Fishing Quotas

  UK’s environmental group Blue Marine Foundation has sued the British government for setting fishing quotas above sustainable levels.  The charity claims that the government has set fishing quotas for more than half of UK stocks at levels exceeding what scientists recommend. The group says that this is illegal under post-Brexit fishing law, which requires that the management of UK’s fisheries is based on the best available scientific advice. The organization estimates that the sum of annual quotas for mackerel...

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Business

Papaya cash

The Ship Has Sailed for Cash-Based Compensation - Now What? 

  As of early 2024, people power remains the maritime industry’s biggest challenge, with labor shortages recently reaching a 17-year high.  One major reason? Seafarers are not happy with how they’re being compensated – including factors such as fees involved in currency conversion, payment delays, and security concerns.  In other words, it’s not just “what” or “how much” they’re being paid that’s bothering seafarers, it’s literally the “how." It starts with cash-based...

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