Samsung says its device can minimize side-to-side movement to reduce container losses (AMSA file photo)PUBLISHED OCT 17, 2023 5:17 PM BY THE MARITIME EXECUTIVE Samsung Heavy Industries reports it has developed a patent-pending device that is simple and easy to use that will dramatically decrease the number of containers lost overboard while boxships are at sea. They are reporting that…
A new residential cruise vessel has made plans to begin sailing around the whole world in May 2024. Image Credits: Villa Vie Residences Unlike the only one that is in operation at the moment, a luxury strategy with multimillion-dollar condos, cabins on Villa Vie Residences’ upcoming vessel starts at a whopping $100,000. Over the last year, the concepts of…
Dr. Moustafa Madbouly – Egypt’s Prime Minister witnessed the signing ceremony of the Framework Agreement between The General Authority of Suez Canal Economic Zone (SCZONE), The Sovereign Fund of Egypt (TSFE), The New & Renewable Energy Authority (NREA), The Egyptian Electricity Transmission Company (EETC), and C2X; to establish a green fuel production facility with investments of Up to $3 billion…
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that Japan’s first LNG-fueled ferries, the “Sunflower Kurenai” and “Sunflower Murasaki”, operated by MOL Group Company MOL Sunflower Ltd. (President: & CEO: Hirotoshi Ushioku; Headquarters: Chiyoda-ku, Tokyo), received the Good Design Award 2023, from the Japan Industrial Design Promotion Organization (JDP). This is the first time in 33…
South Korea’s HD Korea Shipbuilding & Offshore Engineering (KSOE) and KEPCO Engineering and Construction Company have become the latest partnership to propose designs for a floating offshore nuclear power barge. Multiple efforts are underway to explore the potential of a new generation of small nuclear reactors and emerging technologies such as molten salt reactors as a cost-effective means of creating…
The volume of U.S. logistics warehousing construction starts has plunged to its lowest levels in nearly 10 years as higher interest rates and weaker end demand have combined to virtually shut down new construction, according to a commercial real estate research firm. According to CoStar, not since the first quarter of 2014 have logistics construction starts — defined as concrete…
Newport News Shipbuilding has hit a significant and new milestone in building a Virginia-class sub dubbed Arkansas (SSN 800). The latter is now pressure hull complete, indicating that all hull sections have been blended to form one watertight unit. Photo by Ashley Cowan / HII NNS is one of the two shipyards capable of building and designing nuclear-powered subs. The…
Sri Lankan Navy file image Sri Lanka has confirmed receiving further compensation for pollution from the lost container ship X-Press Pearl, which burned and sunk off Colombo in 2021. Speaking to local media over the weekend, Sri Lankan Minister of Justice Wijeyadasa Rajapakshe said the interim payment made by the vessel’s insurers would help to cover beach cleanup activities and compensate fishermen…
Ecospray, the Italian company specialized in integrated solutions for the sustainable conversion of maritime and land-based industries, announced in Athens, Greece, the finalization of its first two Carbon Capture technologies for the maritime sector. They will be available on the market as of Q1 2024 and will enable the capture of up to 80% of the CO2 emitted during ship…
During a research expedition led by Linnaeus University and Stockholm University to the deepest parts of the Baltic Sea in the Landsort Deep researchers recently discovered an area with extensive emissions of the powerful greenhouse gas methane from the bottom sediments. The area where the methane leak was discovered is located in the Landsort Deep (Landsortsdjupet), about 30 kilometres southeast…