Wednesday, July 15
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Author: Дмитрий

Furetank to Christen Latest VINGA-Series Tanker in Uddevalla Ceremony

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VINGA-Class Tanker Naming Event Marks Four Decades of Design PartnershipThe latest addition to Furetank’s VINGA series of product and chemical tankers will be officially named during a ceremony at the Port of Uddevalla on 28 August.The event celebrates not only the delivery of a new vessel but also forty years of continuous collaboration between Furetank and the ship design team behind the VINGA concept. The series is recognised for its fuel-efficient hull form, dual-fuel LNG propulsion, and compliance with the latest environmental regulations, including IMO Tier III and EEDI Phase 3 standards.Technical HighlightsDeadweight: 17,999 tonnesCargo capacity: 20,300 m³ across 12 epoxy-coated tanksPropulsion: Wärtsilä 34DF dual-fuel main engine (LNG/MDO)Emission control: Selective catalytic reduc...
Permanent Contracts: Pros and Cons of 3/3 & 4/2 Systems

Permanent Contracts: Pros and Cons of 3/3 & 4/2 Systems

Gas Carriers
What Are Permanent Contracts in Shipping? For most of maritime history, seafaring was a job defined by uncertainty. Sailors signed on for a single voyage, a few months at sea, or a fixed-term contract—then returned home with no guarantee of the next paycheck. But in the last decade, a different model has taken root, one that promises something rare in shipping: stability. Permanent contracts, particularly those with structured rotations like 3 months on/3 months off (3/3) or 4 months on/2 months off (4/2), have become a lifeline for seafarers tired of the feast-or-famine cycle. Yet, as with anything in this industry, the reality is more nuanced than the brochure. At its core, a permanent contract in shipping is exactly what it sounds like—an ongoing employment agreement between a seafarer...

RINA Assumes Safety Assessment Responsibilities for Indonesia’s H2WATT Green Hydrogen Hub

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RINA to Oversee Safety Compliance for Indonesia’s Flagship Hydrogen InitiativeItalian classification society RINA has been appointed to conduct comprehensive safety assessments for the H2WATT Green Hydrogen Hub, a strategic project led by PLN Puslitbang, Indonesia’s state-owned research and development arm of Perusahaan Listrik Negara (PLN).The H2WATT initiative, positioned as a cornerstone of Indonesia’s energy transition, aims to establish a scalable green hydrogen production and distribution infrastructure. RINA’s engagement underscores the project’s emphasis on operational integrity and risk mitigation in hydrogen handling—a critical factor in large-scale renewable energy adoption.Scope of WorkUnder the contract, RINA will deliver:Hazard identification and risk analysis for hydrogen pr...

Oil Tankers Divert to Middle East Ahead of Strait of Hormuz Reopening

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Strategic Vessel Repositioning in Anticipation of Maritime Chokepoint AccessIn a calculated operational shift, two crude oil tankers en route to African ports have executed course reversals in the Indian Ocean, redirecting their voyages toward the Middle East. This maneuver reflects a broader industry trend as shipowners and charterers accelerate vessel repositioning strategies in preparation for the potential reopening of the Strait of Hormuz.The Strait, a critical maritime chokepoint for global oil transit, has seen heightened geopolitical scrutiny in recent months. Industry analysts suggest that the diversion of these tankers—along with similar movements observed across the VLCC and Suezmax sectors—signals a proactive approach to capitalize on anticipated changes in regional trade flows...

LH2 Shipping Secures Funding for Two Additional Hydrogen-Fueled Bulk Carriers

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Expansion of Zero-Emission Fleet UnderwayLH2 Shipping has received a NOK 344.3 million grant from Enova to advance the construction of two more liquid hydrogen-powered bulk carriers, reinforcing its commitment to sustainable maritime operations.The latest funding brings the company’s active hydrogen-powered bulk carrier projects to six, marking a significant step in the transition toward zero-emission shipping.Strategic Investment in Clean EnergyThis financial support will accelerate the development of vessels designed to operate on liquid hydrogen, a fuel that eliminates greenhouse gas emissions and reduces reliance on conventional fossil-based propulsion systems.With growing regulatory pressure and industry demand for decarbonization, LH2 Shipping’s initiative aligns with global efforts ...

Northern Grain Belt Ports Initiative Launched to Strengthen Regional Maritime Trade

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Collaborative Effort Aims to Boost Competitiveness of Inland PortsA coalition of regional stakeholders has formally established the Northern Grain Belt Ports Initiative, a strategic effort to enhance the operational and economic performance of inland ports serving the northern grain-producing states.The initiative, developed over several years, builds on the framework of the Corn Belt Ports Initiative, which has focused on improving the efficiency and market reach of rural and regional inland ports. The new program will prioritize infrastructure modernization, logistical coordination, and policy advocacy to support the movement of agricultural commodities through key waterways.Key Objectives and Strategic FocusInfrastructure Enhancement: Upgrading port facilities to accommodate larger vess...

Port of Los Angeles Reports 17% Year-on-Year Growth in May Cargo Throughput

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Container Volumes Reach 840,165 TEUs Amid Sustained Import DemandThe Port of Los Angeles processed 840,165 twenty-foot equivalent units (TEUs) in May, reflecting a 17% increase compared to the same period in 2023. The growth underscores a persistent surge in import activity as shippers advance cargo movements ahead of anticipated peak-season demand.Port officials attribute the rise to a combination of restocking efforts by U.S. retailers and manufacturers, alongside ongoing diversions from East Coast and Gulf Coast gateways due to lingering supply chain uncertainties. The May throughput figure represents the highest monthly volume recorded since October 2022, signaling a robust recovery in trans-Pacific trade flows.Key Operational MetricsLoaded Imports: 435,550 TEUs, up 12% year-on-yearLoa...

U.S. Eases Iranian Oil Export Restrictions Under New Bilateral Accord

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Sanctions Relief Granted to Iran Under Recent AgreementA senior U.S. administration official confirmed on Tuesday that the United States will lift restrictions on Iranian oil and fuel exports with immediate effect, following the signing of a memorandum of understanding aimed at de-escalating tensions between the two nations.The decision permits Iran to resume commercial oil sales, a move expected to stabilize global energy markets and reduce operational disruptions for maritime stakeholders, including tanker operators, refiners, and seafarers.Key Implications for the Maritime SectorTanker Operations: Increased Iranian crude exports may alleviate current tonnage shortages, easing freight rates and improving voyage planning for VLCCs and Suezmax vessels.Port and Logistics: Iranian terminals,...

UK Sanctions Four LNG Carriers Tied to Russia’s Arctic LNG 2 Project Amid Tanker Scramble

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UK Takes Action Against Arctic LNG 2 ‘Shadow Fleet’The United Kingdom has imposed sanctions on four liquefied natural gas (LNG) carriers associated with Russia’s Arctic LNG 2 project, marking the first move by a G7 nation to restrict vessels supporting the sanctioned Arctic development.The measures target tankers recently acquired by Russia to bolster export capacity from the project, as Moscow accelerates efforts to secure alternative shipping solutions amid tightening international restrictions.These sanctions reflect growing concerns over the expansion of so-called ‘shadow fleets’—vessels operating outside conventional regulatory frameworks to circumvent sanctions and maintain trade flows.Industry analysts note that the move could signal broader enforcement actions, as Western nations s...

Spot Oil Premiums Decline Following US-Iran Agreement

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Market Reaction to Diplomatic DevelopmentsSpot premiums for crude oil and select refined products across Asia, Europe, and Africa have retreated in the wake of a recent agreement between the United States and Iran aimed at de-escalating tensions in the Middle East. While the deal has prompted a broad market correction, lingering uncertainties over the timeline for restoring normal shipping operations continue to provide underlying support for oil prices.Price Movements and Market SentimentOn Monday, oil prices experienced a notable downturn, reflecting investor response to the diplomatic breakthrough. However, industry analysts caution that the full impact on maritime logistics and supply chains remains unclear. Key factors influencing market stability include:Potential delays in the resum...