Maritime Vessels Directory

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has signed shipbuilding contracts with Russia's Sovcomflot and Japan's Mitsui O.S.K. Lines for the construction of six icebreaking Arc7 liquefied natural gas (LNG) carriers based on a newly developed design.The new ships will be the second generation of vessels engineered to transport LNG from the Russian Arctic, with special emphasis on year-round operation in the eastern sector of the Northern Sea Route.DSME worked with Novatek and Finnish engineering firm Aker Arctic to develop the state-of-the-art icebreaking LNG carriers

Cargill Looks to Use Wind to Cut Carbon in Shipping

3 hours ago

Cargill, one of the world's biggest charterers of ships, is working with technology partners to fit sails on vessels in its fleet to cut carbon emissions through harnessing wind power, the U.S. agribusiness group said on Wednesday.About 90% of world trade is transported by sea and the International Maritime Organization (IMO) has said it aims to reduce overall greenhouse gas emissions from ships by 50% from 2008 levels by 2050.Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.9% of the world’s CO2, the latest IMO-commissioned study showed, adding pressure on the industry to bring levels down.

Join the Webinar Now: 5 Easy Ways to Ruin Your Offshore Equipment: Lessons Learned in Hydraulic Maintenance

2 hours ago

It’s easy to skip critical maintenance tasks, especially when operational budgets are being reduced. Are you prepared for the risks to vital equipment? Right now, taking steps to assess and prep your equipment so you reduce downtime later can help pay dividends when offshore activity ramps up. It’s also far less costly than equipment replacement.Click Here to Join!In the world of industrial hydraulics, this process should start with your hydraulic fluid — a topic that, unfortunately, is easy to overlook as it relates to maintenance.

Silver Ships Wins $6.12 Mln Patrol Boats Contract

2 hours ago

Alabama-based boatbuilder Silver Ships said it has been awarded a contract award worth $6.12 million from the Naval Sea Systems Command (NAVSEA) to supply six Riverine Patrol Boats (RPB).The Riverine Patrol Boat is a U. S. Navy Foreign Military Sale (FMS) that will benefit a Pacific region ally. The 40-foot vessels are a rugged, center console design and are powered by twin Yanmar 440-horsepower engines and waterjets. They are armed, armored and have been designed to carry 20 personnel, or a typical crew of six with 14 additional troops and cargo.RPBs are designed to support military operations in inland waters and rivers as well as coastal areas.

Baltic Index Retreats on Lower Capesize Rates

2 hours ago

The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, fell on Wednesday, pulled down by decreasing rates of capesize vessels.The Baltic index fell 29 points, or 2.1%, to 1,384.The capesize index slipped 88 points, or 3.9%, to 2,156.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, declined $725 to $17,881.The panamax index inched up 5 points, or 0.4%, to 1,300.Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, rose $47 to $11,700.Among smaller vessels, the supramax index eased 6 points to 962.

Maritime Reporter and Engineering News (October 2020)

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