Video: Ukraine Hits Another Russian Refinery in Long-Distance Strike

GAO: U.S. Navy Could Learn From Commercial Shipbuilders' Standards

Published May 2, 2024 8:04 PM by The Maritime Executive

The U.S. Navy is struggling to get its next generation of surface combatants and submarines built on time and on budget, and several major programs are years behind. Delays and changes in ship design are part of the problem, the Navy acknowledges, and the service is taking steps to speed up engineering work, like co-locating contractors and Navy ship designers in one place to collaborate. The Government Accountability Office (GAO) has a lot of additional recommendations, based on the current...

Belgium and Namibia to Develop Africa’s First Hydrogen Ship, Infrastructure

Published May 2, 2024 6:43 PM by The Maritime Executive

Partners from Belgium and the African nation of Namibia mapped out a plan to develop the continent’s hydrogen infrastructure for the production and export of the energy source as well as launching Africa’s first hydrogen-fueled vessel. It is part of an ambitious plan to make Namibia a frontrunner in the global green hydrogen economy and supply the alternative energy source both to passing ships and industrial users in Belgium, Germany, and other industrial clusters in Europe. The plan was...

Two U.S. Offshore Wind Farms Gear Up for Construction Despite Challenges

Published May 2, 2024 5:30 PM by The Maritime Executive

Two of the largest U.S. offshore wind farms are moving forward into their construction phase as the industry continues to gain momentum and the federal government looks to add more projects to the pipeline. Dominion Energy confirmed that offshore work will begin next week on the Coastal Virginia Offshore Wind (CVOW) project while adamantly denying any reports that it has been delayed while in Connecticut the first components for the Revolution Wind project are arriving at the staging point....

Divers Recover Fifth Body From Wreckage of Baltimore's Key Bridge

Published May 2, 2024 4:27 PM by The Maritime Executive

Divers have recovered a fifth body from the wreckage of the Francis Key Bridge, bringing the number of missing people down to one. Six workers who were repairing potholes went missing when the bridge collapsed and are all presumed dead; one survived the fall with serious injuries. The Unified Command said that it found another construction vehicle belonging to the road repair crew on the bottom, and it passed the location on to the search and recovery dive team of...

Shipping

Containerships Absorb Red Sea Diversions as Schedule Reliability Improves

Four months into the Red Sea diversions, liner shipping seems to have absorbed the disruptions with the major container carriers showing the first upward movement in five months for schedule reliability. Analytics company Sea-Intelligence in its later report on container carrier schedules reports the first monthly improvement achieving nearly 56 percent reliability in March which puts the industry back on par with the emergence from the pandemic. Late-arriving ships also reduced their waits by more than half a day...

Tugs & Salvage

GAO: U.S. Navy Could Learn From Commercial Shipbuilders' Standards

Government

With Nord Stream Shut, Gazprom Posts its Biggest Lost in Two Decades

State natural gas company Gazprom was once a major source of income for the Russian government, earning tens of billions of dollars in profit every year. Gas accounted for about a fifth of Moscow's earnings from petroleum exports, according to The Economist. But those days have passed: on Thursday, Gazprom announced its first annual loss in more than two decades. Gazprom made more than $22 billion in net profit in 2021, the last year before the war. That dropped...

Corporate News

Metal Shark Building 22 High-Speed Surface Interceptor Vessels for Jamaica

[By: Metal Shark] Louisiana-based boat builder Metal Shark has announced a contract to build twenty two (22) welded-aluminum high-speed surface interceptor vessels for the Jamaica Defence Force (JDF). JDF has selected the Metal Shark 36 Fearless, a high-performance center console craft proven in service with multiple military, law enforcement, and first responder agencies worldwide. Procured via direct purchase, these new surface interceptor vessels will be used by the JDF-Coast Guard for law enforcement, patrolling, and interdiction missions within Jamaica’s...

Cruise Ships

Holland America’s Cruise Ship Rotterdam Begins Sustained Biofuel Pilot Test

Holland America Line’s flagship cruise ship, Rotterdam (99,935 gross tons) started a long-term test using 100 percent low carbon intensity biofuel while cruising the Norwegian fjord this season. It marks the next advancement in a series of tests by Carnival Corporation using cruise ships from Holland America and AIDA and moving from biofuel blends to 100 percent certified biofuel mirroring similar tests in other parts of the commercial maritime industry. The cruise ship bunkered with the biofuel derived from...

Ports

Belgium and Namibia to Develop Africa’s First Hydrogen Ship, Infrastructure

Shipping

Containerships Absorb Red Sea Diversions as Schedule Reliability Improves

Tugs & Salvage

GAO: U.S. Navy Could Learn From Commercial Shipbuilders' Standards

Government

With Nord Stream Shut, Gazprom Posts its Biggest Lost in Two Decades

Corporate News

Metal Shark Building 22 High-Speed Surface Interceptor Vessels for Jamaica

Cruise Ships

Holland America’s Cruise Ship Rotterdam Begins Sustained Biofuel Pilot Test

Ports

Belgium and Namibia to Develop Africa’s First Hydrogen Ship, Infrastructure

Offshore

Two U.S. Offshore Wind Farms Gear Up for Construction Despite Challenges

Shipbuilding

Trafigura Joins Pioneers Ordering Ammonia-Fueled Vessels from HD Hyundai

Global commodities trader Trafigura group is joining the growing list of pioneers committing to ammonia-fueled vessels. The company has ordered four dual-fueled product tankers for LPG or ammonia transport as part of the group’s growing efforts to decarbonization. With the vessels scheduled for delivery in 2027, Trafigura will be at the forefront of ammonia-fueled propulsion. The company provided only a few basic details reporting that it ordered four medium gas carriers capable of using ammonia for propulsion when they...

Environment

Energy Insetting is the Key to Unlock the Potential of Future Fuels

The maritime industry is facing an ever-tightening regulatory environment in its efforts to achieve its ambitious net-zero target by the middle of this century. For meaningful progress to be achieved, the industry needs two things: practical solutions, together with a detailed understanding of the actual impact of various long and short-term measures on the industry’s future decarbonization pathway. This extends beyond purely technical considerations, encompassing the entire value chain, and accounting...

Business

Maersk Raises 2024 Outlook While Cautioning of Long-Term Challenges

Maersk reported what management called “a positive start” to the year in its first quarter results that was in line with expectations which prompted the company to raise its overall outlook for 2024 despite continued challenges. In a perverse sense, the Houthis’ attacks and disruptions in the Red Sea helped the company but failed to excite the investment community. The result was the stock declined more than four percent with many analysts saying the guidance was disappointing. The price...

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Video: Ukraine Hits Another Russian Refinery in Long-Distance Strike

GAO: U.S. Navy Could Learn From Commercial Shipbuilders' Standards

Belgium and Namibia to Develop Africa’s First Hydrogen Ship, Infrastructure

Two U.S. Offshore Wind Farms Gear Up for Construction Despite Challenges

Divers Recover Fifth Body From Wreckage of Baltimore's Key Bridge

Containerships Absorb Red Sea Diversions as Schedule Reliability Improves

GAO: U.S. Navy Could Learn From Commercial Shipbuilders' Standards

With Nord Stream Shut, Gazprom Posts its Biggest Lost in Two Decades

Metal Shark Building 22 High-Speed Surface Interceptor Vessels for Jamaica

Holland America’s Cruise Ship Rotterdam Begins Sustained Biofuel Pilot Test

Belgium and Namibia to Develop Africa’s First Hydrogen Ship, Infrastructure

Replica Ship Models – Nautical Art or Marketing Tool? Perhaps Both.

Visibility from the Bridge to Improve Cargo Management

Polymeric Solutions Contributing to Maritime Decarbonization

Containerships Absorb Red Sea Diversions as Schedule Reliability Improves

GAO: U.S. Navy Could Learn From Commercial Shipbuilders' Standards

With Nord Stream Shut, Gazprom Posts its Biggest Lost in Two Decades

Metal Shark Building 22 High-Speed Surface Interceptor Vessels for Jamaica

Holland America’s Cruise Ship Rotterdam Begins Sustained Biofuel Pilot Test

Belgium and Namibia to Develop Africa’s First Hydrogen Ship, Infrastructure

Two U.S. Offshore Wind Farms Gear Up for Construction Despite Challenges

Trafigura Joins Pioneers Ordering Ammonia-Fueled Vessels from HD Hyundai

Energy Insetting is the Key to Unlock the Potential of Future Fuels

Maersk Raises 2024 Outlook While Cautioning of Long-Term Challenges

Maritime Industry Conferences and Events

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