Author name: Marine Pulse

Singapore’s Ships Set Sail Past 100 Million Gross Tonnage Milestone

The Singapore Registry of Ships (SRS), under the Maritime and Port Authority of Singapore, is a major player in the global ship registry realm, boasting a fleet of around 4,000 vessels with over 100 million gross tonnage. The SRS is known for its youthful and high-quality fleet, and the recent addition of the Eagle Veracruz, a cutting-edge LNG VLCC, exemplifies its commitment to innovation and sustainability. With a focus on energy-efficient design and future-ready technology, the SRS is setting the stage for a greener, digitally-driven maritime industry.

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Ahoy! Diana Shipping Waves Goodbye to Its Oldest Ship

Diana Shipping has sealed a deal to offload its oldest vessel, the 18-year-old panamax bulk carrier Artemis, for $12.99 million to an undisclosed buyer. The sale, scheduled for completion by March 8, will trim the Greek shipowner’s fleet to 39 dry bulk vessels. This includes four Newcastlemax, nine Capesize, five Post-Panamax, six Kamsarmax, six Panamax, and nine Ultramax ships.

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Wagenborg’s Kroonborg Vessel Goes Green with New Shore Power Connection

Wagenborg Offshore collaborates with NAM/Shell UK and the Dutch province of North Holland to install and commission a shore connection system on the Kroonborg walk-to-work vessel, developed by Eekels Technology. This hydrogen shore power generator project, in partnership with the Port of Den Helder, will reduce emissions and combat climate change. The Port of Den Helder plans to provide renewable energy through a shore power connection to vessels starting in mid-2024. Wagenborg Offshore also intends to expand these installations to other vessels in its fleet.

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Seafaring Excitement: Yankee Freedom’s New Passenger Ferry Sets Sail for Dry Tortugas National Park

Yankee Freedom, based in Key West, Fla., has commissioned Gladding-Hearn Shipbuilding to construct a new 300-passenger, high-speed catamaran for service between Key West and the Dry Tortugas National Park. This vessel will replace the Yankee Freedom III, offering improved accommodations, including seating for 130 passengers, a snack bar, and an audio/visual passenger information center. The new catamaran aims to maintain the strong brand presence established by the company with tourists visiting the national park.

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Navigating the Waves of Simplicity: How NAVTOR is Transforming Maritime Operations

In a world of increasing complexity and regulations, NAVTOR’s Tor Håkon Svanes emphasizes the need for innovative and integrated solutions to help fleet owners and operators navigate the challenges of the maritime industry. With a focus on simplifying complexity and delivering smart shipping solutions, NAVTOR is emerging as a global leader in maritime technology. Svanes’ dedication to shaping a safer and more sustainable future for the shipping industry is evident in the company’s commitment to evolving with the industry’s needs.

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Navigating Troubled Waters: Panama Canal Toll Revenue Takes a Hit Amid Drought

The Panama Canal’s toll revenues have been dropping by approximately $100 million each month since last October due to drought conditions, prompting shipping restrictions. If the trend persists, toll income could decrease by about $700 million by April. Despite these challenges, the canal anticipates meeting its budget goals for the year, partly due to recent toll increases. Adminstrator Ricaurte Vasquez underscored the possibility of continued revenue decline while speaking to reporters at a recent press conference.

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Back to Work: Hanwha Ocean Shipyard Resumes Operations Following Tragic Incident

After a fatal accident prompted an investigation, Hanwha Ocean has resumed production at its South Korean shipyard following receipt of an official document from the Ministry of Employment and Labor, marking the first fatal accident since its acquisition of Daewoo Shipbuilding and Marine Engineering in 2023. The company has pledged to keep the workshop closed until the accident’s cause is determined and preventative measures are implemented, while unionized workers are urging authorities to arrest the managing executive.

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German FSRU Jetty Construction Secured by Van Oord

Van Oord, contracted by FSRU Wilhelmshaven, is responsible for constructing a Floating Storage and Regasification Unit jetty at Wilhelmshaven, Germany. The project aims to enhance Germany’s energy security by filling the supply gap. With expertise in dredging, infrastructure, and offshore energy, Van Oord is committed to completing the project within a challenging timeline. The jetty’s foundation will consist of 10 monopiles, aided by a trailing suction hopper dredger for dredging purposes.

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Belgian Ports Break Cocaine Smuggling Record in 2023

Belgium has once again seen a surge in cocaine seizures smuggled through its ports in 2023, solidifying its position as the epicenter of the illicit trade from Central and South America. Officials from Belgium and the Netherlands convened in the port of Flushing to showcase their anti-smuggling efforts, emphasizing the need for enhanced collaboration to combat organized crime. Minister Vince Van Peteghem reported a over a five percent increase in cocaine seizures in Antwerp, with an additional five tonnes seized in Zeebrugge. Notably, Colombia, Ecuador, and Panama were identified as the primary sources of the smuggling operations in 2023. The European Union is urging Belgium, the Netherlands, and Spain to intensify efforts to combat drug trafficking through their ports.

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China’s Disappointing Oil Mix: Birol’s Optimism for 2024 Market

Oil trading on Wednesday was in a state of uncertainty, as concerns over U.S. production slowdown due to winter weather were countered by disappointing economic growth in China. Priyanka Sachdeva of Phillip Nova expressed that the data did not alleviate the challenges facing crude oil demand and painted a bleak outlook for China in 2024 and 2025. Additional data from China revealed a 9.3% rise in refinery throughput in 2023. Executive director Fatih Birol of the International Energy Agency predicted a more balanced oil market in 2024, aligned with the Organization of the Petroleum Exporting Countries projection of strong demand. This balance was set against the backdrop of geopolitical risks in the Middle East, with the potential for disruptions yet to have a substantial impact on supplies. Andy Lipow of Lipow Oil Associates highlighted the potential significant impact on the Suez Canal if predictions were to materialize.

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