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WASHINGTON – U.S. International Development Finance Corporation (DFC) announced today it aims to catalyze $2.5 billion in infrastructure investments aimed at reducing the discharge of plastic waste and marine debris into oceans and waterways under its new Ocean Plastics Initiative. The initiative seeks to catalyze private sector investment in projects that advance the development of… Read More
President Duterte has backed the proposed dredging of Bicol River to minimize flooding in the surrounding areas during typhoons. The President however said he prefers a single person over a committee to oversee the river development project in disaster-prone region to ensure its swift implementation. Duterte made the remarks after local officials proposed to the… Read More
The manufacturer of deepwell pumps for marine and offshore has taken over FORCE Technology’s Marine Equipment Service, which provides service solutions for cargo systems. The acquisition puts Svanehøj at the forefront of servicing LPG carriers. In future, shipowners will only have to go to one place when they need to service their gas tankers. The… Read More
Dutch offshore vessel and services provider Royal IHC has decided to reorganise to be in line with “a realistic turnover ambition”. This means that about 300 jobs will be lost in the Netherlands and as many as 300 in other locations. In order to return to profitability, after its takeover by an industry consortium, and… Read More
Companies and agencies in the business of dredging are continuously looking for new solutions and technologies to improve the productivity and profitability of their projects. Kiasma’s Seminars 2020 are aimed at engineers, managers, and consultants involved in dredge related projects from a contractor’s side, such as dredging contractors, mining companies, construction companies, port authorities, government institutions,… Read More
Product tanker major Hafnia Limited believes that further consolidation is needed within the product tanker sector to fully unleash value and synergies from additional operational scale. Hafnia Limited was set up in January 2019, following a merger between BW Tankers with Hafnia Tankers, a fellow subsidiary of BW Group. The merger was effected through a… Read More
Norway’s floating storage and regasification unit (FSRU) giant Höegh LNG posted a loss for the third quarter of 2020. The company recorded a net loss of $2.6 million, down from a $2.9 million profit in the previous quarter. Total income for the quarter reached $81.8 million, slightly below the $82.3 million reported in the previous… Read More
November 19, 2020, by Jasmina Ovcina The world’s largest container shipping company Maersk is likely to opt for a zero-emission alternative to fossil fuels rather than choosing LNG as a bridging fuel for the company’s fleet. “We don’t believe that LNG will play a big role for us as a transition fuel, because it is… Read More
Bermuda-based dry bulk shipping company Golden Ocean has signed a loan agreement to fully refinance the $425 million credit facility which is secured by fourteen Capesize vessels. Signed this month, the new $304 million term loan and revolving credit facility was entered into with six shipping banks, five of which were part of the group… Read More
DEME hosted a special digital naming ceremony for its next generation trailing suction hopper dredgers ‘Bonny River’ and ‘Meuse River’. Although it was not possible to have DEME’s usual naming ceremony given the coronavirus restrictions, the online event captured the spirit of the occasion and honoured all the traditional rituals, including smashing a bottle against… Read More
The programme for the first day of Offshore Energy 2020 was concluded with the award ceremony for the Best Innovation. The overall winner this year is a Dutch start-up FLASC for its hydro-pneumatic energy storage system. The Best Innovation Award highlights the best innovation in the entire offshore energy market in the last two years… Read More
Considering the vital role of the Asia – Pacific region in the global maritime industry, the IGGS group is dedicating its resources to provide the industry with the highest quality online event. The Asia – Pacific Shipping Forum Online will bring together shipowners, ship managers, ship builders, shipyards, ports, equipment manufacturers and technology companies in… Read More
How can new and innovative ideas improve the future prospects for inland shipping? An Innovation Challenge on this topic is the next step in the successful EU project #IWTS 2.0. The event organised by bremenports and the Maritime Cluster Northern Germany (MCN) simultaneously marked the start of two new online seminars that will be held… Read More
The Cma Cgm Jacques Saadé, the world’s largest containership powered by Liquefied Natural Gas (LNG) has completed her first LNG bunkering with Total’s (Paris:FP) (LSE:TTA) (NYSE:TOT) LNG bunker vessel, the Gas Agility, on November 13th 2020 at the Port of Rotterdam in the Netherlands. The 23,000 TEU1 containership received around 17,300 m3 of LNG, making… Read More
AROUND 800 empty shipping containers have been received at the city’s port for onward transit in a bid to solve a global crisis. Too many containers are in the UK and there is a severe reduction in availability in Asia where they are needed to ship goods to Europe. Portico, the international cargo terminal at… Read More
Portland Port is stressing the economic importance of an Energy Recovery Facility planned for the site. It comes a week after Portland Town Council voted against the waste incinerator plans. The plans were put forward at an Extraordinary Planning Meeting dedicated to discussing the proposed Energy Recovery Facility. Powerfuel Portland says if the plans go… Read More
The Maritime and Port Authority of Singapore (MPA) has awarded a total of S$1.625 million to eleven joint industry projects in the areas of maritime digitalisation and additive manufacturing for ship and marine parts. “As the world’s busiest transhipment hub, Singapore must embrace technologies to ensure operations remain efficient,” Chee Hong Tat, Senior Minister of… Read More
Russian Zvezda Shipbuilding Complex said it has cut the steel for the lead vessel in the ice-class ARC7 LNG tanker series. To remind, the vessels built by the Russian shipyard will be deployed for the Novatek-led Arctic LNG 2 project in the Russian Arctic. Zvezda will build a total of 15 Arctic LNG carriers with… Read More
The first of a versatile trio of small, single-hold Eco Trader cargo ships with some unusual characteristics has joined the fleet of Hamburg-based Alster Ship Chartering, writes Tom Todd. Elke K is small at 86.93m loa and 15.00m wide and is described as a modern, new-generation and environmentally friendly cargo carrier. Built by Dutch shipyard… Read More
A four-year, €95 million dredger newbuilding project in Hamburg could now be entering its final stage, reports Tom Todd. The 133.27 loa, 23m wide trailing suction hopper dredger Osteriff was ordered from Elbe shipyard Pella Sietas in December 2016 by the German Government for operation with its Waterways and Shipping Administration (WSV). Originally it had… Read More
Subsea 7 has announced its newbuild reel-lay vessel, Seven Vega, has joined the company’s fleet, is now operational and is loading pipe for its first project. Phil Simons, Executive Vice President Projects & Operations Subsea 7 said: “We are pleased to add Seven Vega, one of the most capable and cost-effective reel-lay vessels in the… Read More
Long Beach – A $300,000 study this spring has apparently proven pumping sand and water from one beach to the Peninsula isn’t feasible — but there may be hope for another option. Last week, the Marine Advisory Commission received a report about the spring experiment. The idea was to use a pump and pipeline to… Read More
The water is being dredged for £200,000 for the next six weeks Residents in Gloucester Docks can expect an early awakening while a massive pump on a floating pontoon is dredging the water for the next six weeks. The Canal and River Trust is clearing silt in the Gloucester and Sharpness Canal so that boats… Read More
Royal IHC has successfully completed a pre-feasibility study (PFS) for a proposed mobile concentrator plant that will be based at Eramet’s Grande Côte operation in Senegal. The objective of the PFS was to design and develop cost estimates for a 1,000tph relocatable process plant, capable of producing a heavy mineral concentrate, while recovering the required… Read More
TACLOBAN CITY – A mining firm has assured residents of MacArthur, Leyte that they would be responsible in their business operations after a parish priest and netizens raised concerns over the impact of destructive mining on the environment. In a statement issued Friday, the management of MacArthur Iron Sand Project Corp. (MIPC) denied claims they… Read More
The Osprey Group has won a contract to provide handling and storage services for the spare export cable for the Moray East offshore wind farm. Under the contract, the company will receive and store approximately 2,500 metres of subsea cable and approximately 1,500 metres of HDD cable to be received from NKT’s cable laying vessel… Read More
The Energy Central partnership has submitted a bid for UK Government funding to support a package of infrastructure work. On October 6, UK Prime Minister Boris Johnson announced plans to support new large-scale portside manufacturing hubs and requested submissions from suitable sites that could support next-generation offshore wind turbines and support ambitions in renewable energy… Read More
The Japanese Kiso-Jiban Consultants (KJC) and the Norwegian Geotechnical Institute (NGI) have signed a Memorandum of Understanding (MoU) for offshore wind energy in Japan. The two parties plan to jointly undertake work related to geotechnical investigations, site characterization and foundation design, as well as collaborate on research activities in the field of offshore geohazard assessment…. Read More
WASHINGTON – U.S. International Development Finance Corporation (DFC) announced today it aims to catalyze $2.5 billion in infrastructure investments aimed at reducing the discharge of plastic waste and marine debris into oceans and waterways under its new Ocean Plastics Initiative. The initiative seeks to catalyze private sector investment in projects that advance the development of… Read More
Many were involved in the final assembly and especially launching of this 53 meter long, 255 ton weighting cutterwheel dredger for goldmining specialist Mineros Aluvial of Colombia. Equipped with the proprietary iPump and a max digging depth of 28 meters, she has a production capacity of 270 m3/h. Countdown to her voyage over the Atlantic,… Read More
Malaysia’s Star newpaper says that “maritime rage” akin to “road rage” is being eyed as the possible cause of an incident captured on YouTube videos that show the moment when a 3,745 dwt hopper dredge slammed into the side of a 47,106 dwt moored tanker. The incident took place at about 11.40 a.m. local time… Read More
On 11th September, Damen Shipyards Group launched a Marine Aggregate Dredger (MAD) 3500 at its Galati yard in Romania. Damen is building the MAD for UK-based Hanson. The company will use the vessel to conduct offshore aggregate extraction in water depths up to -55 metres in the North Sea and English Channel. The MAD was… Read More
