Maritime Vessels Directory

Nordic American Tankers (NAT) said it has ordered two suezmax newbuilds from South Korean shipbuilder Samsung Heavy Industries, the shipowner's first newbuild orders in four years as slumping shipbuilders lower prices to attract business."The combination of specifications, quality of yard, price, payment terms and deliveries make this an attractive investment for NAT and is consistent with our strategy to expand and renew our fleet," the company said in a letter to shareholders.The two new tankers, scheduled to be delivered in the first half of 2022, will grow NAT's suezmax fleet to 25 vessels.NAT said it will consider various financing alternatives prior to delivery.

Poulsson Reappointed as ICS Chairman

an hour ago

The board of the International Chamber of Shipping (ICS) reappointed Esben Poulsson, the current Chairman of ICS for a further two-year term.Having been at the helm of the shipping industry trade association since 2016, Poulsson has overseen ICS’s engagement with international bodies, national governments, and industry organisations on the key issues impacting international shipping. In the past year, under Poulsson’s leadership, ICS submitted, along with other industry partners, a proposal to IMO for the establishment of a $5 billion global R&D fund to accelerate the research and development of zero-carbon technologies.

US-China Trade War Shifts Asia’s Manufacturing Landscape -BIMCO

53 minutes ago

The peak season for containerized exports from Asia to the U.S. is now underway with the COVID-19 pandemic and astoundingly high freight rates making it easy to forget the trade war which has now entered its third year. However, despite the disruption this year, the effects of the tariffs remain clear and the long-term shifts that were already occurring before the pandemic are unlikely to be reversed.One of the most obvious impacts is the shift in the Asian manufacturing landscape. Manufacturing of many goods now facing tariffs when imported by the U.S.. from China, has moved out of China for manufacturing in neighboring countries. One of the most obvious examples is U.S.

ABB to Power P&O's New Hybrid Ferries

an hour ago

Swiss-based ABB said it has been awarded a contract from Guangzhou Shipyard International to supply electric, digital and connected solutions for two new vessels the Chinese shipyard is building for British operator P&O Ferries.The hybrid propulsion solution, using electric power from 8.8MWh batteries and diesel generators, will cut fuel consumption on P&O Ferries’ Dover-Calais route by 40%, ABB said. The batteries will provide full power for harbor maneuvering and stay in port and will prepare the vessels for a zero-emission future once more electric shore charging stations are available.Equipped with four Azipod propulsion units per vessel, each rated at 7.

Metal Shark Launches Expedition Yacht Portfolio

16 minutes ago

U.S.-based shipbuilder Metal Shark has launched a 48-meter (158’) aluminum catamaran expedition yacht, the first in its newly introduced lineup of high-speed, long range catamaran expedition yachts.The new Metal Shark M48, named Magnet, is the first-ever private recreational yacht built by Metal Shark, a diversified builder of aluminum and steel vessels for military and commercial operators worldwide. In addition to the M48, the company’s Metal Shark Yachts portfolio includes the M30 (30 meters / 100’) and M70 (70 meters / 231’). Magnet is also notable for being built in the United States, constructed from start to finish at Metal Shark’s Franklin, La. shipyard.

Maritime Reporter and Engineering News (September 2020)

Marine Design Annual