1. Titanic builder Harland & Wolff heads for administration. Harland & Wolff, the owner of the Belfast shipyard that built the Titanic, has announced that it would be entering into administration this week after failing to find new funding.
Harland & Wolff said that the rejection of the company’s request for a £200m facility from the UK government’s export credit agency UKEF left the company in a difficult financial position. Additional funding of around $25m was made available by current lender Riverstone but it was not enough to escape administration.
https://splash247.com/titanic-builder-harland-wolff-heads-for-administration/
https://splash247.com/titanic-builder-harland-wolff-heads-for-administration/
2. Pilbara marks ammonia ship-to-ship transfer double. A consortium led by Singapore-based Global Centre for Maritime Decarbonisation (GCMD) has carried out two ship-to-ship transfers of ammonia at anchorages within the Port of Dampier in a pilot project that reinforces the potential of the Pilbara region of Western Australia to be a green ammonia bunkering hub.
https://splash247.com/pilbara-marks-ammonia-ship-to-ship-transfer-double/
https://splash247.com/pilbara-marks-ammonia-ship-to-ship-transfer-double/
3. Highton picks up its first cape. Chinese owner and operator Fujian Highton Development is further bolstering its dry bulk fleet with its first capsize purchase.
The Shanghai-listed outfit said in a filing it had struck a deal to acquire the 2007-built 178,000 dwt Alpha Prudence, from Greece’s Alpha Bulkers Shipmanagement for $24.75m.
https://splash247.com/highton-picks-up-its-first-cape/
https://splash247.com/highton-picks-up-its-first-cape/
4. Fifth LNG Vessel Loads Cargo at Russia’s Arctic LNG 2. The fifth cargo of liquefied natural gas (LNG) from Russia’s Arctic LNG 2 has been picked up by a vessel managed by a company under U.S. sanctions, according to ship tracking data.
The Arctic LNG 2 project by Russia’s Novatek is also subject to Western sanctions over Russia’s war with Ukraine. Novatek has said media allegations the company was involved in establishing and managing a “shadow fleet” for the Arctic LNG 2 project were untrue.
https://gcaptain.com/fifth-lng-vessel-loads-cargo-at-russias-arctic-lng-2/
https://gcaptain.com/fifth-lng-vessel-loads-cargo-at-russias-arctic-lng-2/
5. Austal USA Secures $450 Million Contract to Boost U.S. Navy Submarine Production. Australian shipbuilder Austal Limited has announced that its U.S. subsidiary, Austal USA, has been awarded a significant contract worth US$450 million by General Dynamics Electric Boat. The contract aims to expand Austal USA’s production capacity at its U.S. shipyard, supporting the U.S. Navy Submarine Industrial Base (SIB).
https://gcaptain.com/austal-usa-secures-450-million-contract-to-boost-u-s-navy-submarine-production/
https://gcaptain.com/austal-usa-secures-450-million-contract-to-boost-u-s-navy-submarine-production/
6. Keeping the LNG bandwagon rolling. The LNG industry is on a roll. The ‘club’ continues to grow as new buyers swell the ranks. LNG commoditisation is increasing market liquidity, supported by a growing number of traders, hedge funds and NOCs. What’s more, capital remains available for new supply projects and import infrastructure.
https://cyprusshippingnews.com/2024/09/17/keeping-the-lng-bandwagon-rolling/
https://cyprusshippingnews.com/2024/09/17/keeping-the-lng-bandwagon-rolling/
7. Navigating Corporate Social Responsibility. Requirements related to sustainability and corporate social responsibility (CSR) are getting increasingly stricter. How can companies ensure compliance without feeling overwhelmed? We spoke with someone with first-hand experience.
https://cyprusshippingnews.com/2024/09/17/navigating-corporate-social-responsibility/
https://cyprusshippingnews.com/2024/09/17/navigating-corporate-social-responsibility/
8. INTERCARGO proposals call on IMO to review carbon intensity indicator at MEPC 82. The International Association of Dry Cargo Shipowners (INTERCARGO) has submitted proposals to the International Maritime Organization (IMO) calling for a review of the Carbon Intensity Indicator (CII) at the 82nd session of the Marine Environment Protection Committee (MEPC 82), being held between 30th September and 4th October at the IMO Headquarters in London.Drawing on extensive studies that analysed data from over 5,600 bulk carriers, INTERCARGO has highlighted several key issues with the current CII system
https://cyprusshippingnews.com/2024/09/17/intercargo-proposals-call-on-imo-to-review-carbon-intensity-indicator-at-mepc-82/
https://cyprusshippingnews.com/2024/09/17/intercargo-proposals-call-on-imo-to-review-carbon-intensity-indicator-at-mepc-82/
9. Multidimensional Safety and the Cost of Compliance in Focus at the ABS UK National Committee. The future of safety and the cost of compliance led the discussion at the ABS UK National Committee as well as retrofits, carbon capture, energy efficiency technologies and updates on cutting-edge joint development projects.
https://cyprusshippingnews.com/2024/09/17/multidimensional-safety-and-the-cost-of-compliance-in-focus-at-the-abs-uk-national-committee/
https://cyprusshippingnews.com/2024/09/17/multidimensional-safety-and-the-cost-of-compliance-in-focus-at-the-abs-uk-national-committee/
10. Namibian officials trained on effective port security control and compliance. Namibian officials have completed a week-long training on implementing control and compliance measures for ships arriving in the country’s ports.
The National Port State Control Workshop (9-13 September), led by IMO, brought together 29 maritime professionals from various agencies to discuss the issue at Walvis Bay, home to Namibia’s largest harbour.
https://cyprusshippingnews.com/2024/09/17/namibian-officials-trained-on-effective-port-security-control-and-compliance/
https://cyprusshippingnews.com/2024/09/17/namibian-officials-trained-on-effective-port-security-control-and-compliance/
