Tank Explosion At Port Of Barcelona Results In Fatalities And Injuries

An explosion involving a tank of methyl acetate at the Port of Barcelona resulted in one fatality and one critical injury, according to Xinhua. 

Fatal Explosion 

The Catalan regional government, the Barcelona local authority, and the Civil Guards confirmed that an explosion occurred at a warehouse operated by a logistics and storage company at the Port of Barcelona.

The blast resulted in one fatality and one individual sustaining critical injuries. Three others suffered minor injuries. Authorities...

https://mfame.guru/tank-explosion-at-port-of-barcelona-results-in-fatalities-and-injuries/

MTF Urges Secure, Scalable Carbon Chain for Shipping OCCS

In a new report published on 21 January, the Maritime Technologies Forum (MTF) has flagged up the importance of developing ‘a secure and scalable downstream carbon value chain’ to support the take-up of onboard carbon capture and storage (OCCS) technology reports Offshore Energy.

Accelerating OCCS adoption

The value chain would comprise CO2 offloading facilities, transport infrastructure and long-term storage, and associated monitoring, reporting, and verification (MRV) schemes.

The MTF also...

https://mfame.guru/mtf-urges-secure-scalable-carbon-chain-for-shipping-occs/

Hanwha Ocean to Build Engineering Center in Busan

  • Hanwha Ocean to build engineering center in Busan.
  • The center, scheduled to open in early May, will initially employ 150 specialists focused on marine and special ship projects.
  • Hanwha Ocean plans to hire an additional 350 employees, bringing the facility’s full work force to 500, by 2027.

Hanwha Ocean Co., a leading South Korean shipbuilder, plans to establish an engineering center in the South Korean southeastern port city of Busan to strengthen its design competitiveness in the marine and...

https://mfame.guru/hanwha-ocean-to-build-engineering-center-in-busan/

CPC Blend Imports Decline Amidst Red Sea Security Concerns

South Korean and Thai refiners have shown reluctance to regularly import CPC Blend crude from the Mediterranean due to concerns about shipping security in the Red Sea following the Israel-Hamas ceasefire, according to S&P. 

Security Risks

Despite the recent Gaza ceasefire, Iranian-backed Houthi militants have stated they will only target vessels with strong links to Israel.

However, many Asian crude buyers remain concerned about the security risks associated with tanker voyages through the Red...

https://mfame.guru/cpc-blend-imports-decline-amidst-red-sea-security-concerns/

South Korean Shipbuilders Post Strong Operating Profits In 2024

The three major South Korean shipbuilders—HD Korea Shipbuilding & Offshore Engineering Co., Hanwha Ocean Co., and Samsung Heavy Industries Co.—are anticipated to have achieved robust operating profits for 2024, signaling a strong rebound in the industry.

Profit Highlights
  1. HD Korea Shipbuilding & Offshore Engineering Co.
    • Operating Profit: 1.43 trillion won (approximately $980 million).
    • Maintained strong performance due to increased contracts and efficient operations.
  2. Hanwha Ocean Co.
    • Operating...

https://mfame.guru/south-korean-shipbuilders-post-strong-operating-profits-in-2024/

Cargo Vessel Leak Triggers Crew Evacuation in Indonesia

  • A cargo vessel suffered a leak and began listing near Madura Island, Indonesia.
  • The crew’s attempts to seal the leak were unsuccessful, prompting the captain to ground the ship in shallow waters to prevent sinking.
  • All 20 crew members were rescued unharmed by a nearby tugboat.

A cargo vessel suffered a leakage and began listing in the northern waters of Madura Island, Indonesia, on January 18, reports Safety4sea.

Cargo vessel suffers leak

According to Indonesian Authorities, the incident...

https://mfame.guru/cargo-vessel-leak-triggers-crew-evacuation-in-indonesia/

Holland Shipyards to Complete CSV for Chevalier Floatels

  • Holland Shipyards Group converts a 110m vessel into a CSV for Chevalier Floatels.
  • It will include a 150-tonne AHC subsea crane and 1,300m² of deck space.
  • Delivery is planned for Q1 2025, continuing the partnership with Chevalier Floatels.

Holland Shipyards Group reports that it is proud to announce that it has started work on an exciting new challenge: the finishing and outfitting of a state-of-the-art Construction Support Vessel (CSV) for Chevalier Floatels. The 110-metre-long vessel arrived...

https://mfame.guru/holland-shipyards-to-complete-csv-for-chevalier-floatels/

China Denounces U.S. Shipbuilding Investigation as Politically Driven

  • China strongly rejects a U.S. investigation accusing it of unfair dominance in the shipbuilding industry, labeling it politically driven.
  • The U.S. claims China’s shipbuilding practices harm global trade and threaten U.S. industrial revitalization efforts.
  • China attributes its shipbuilding success to innovation, labor advantages, and market openness, dismissing U.S. allegations as baseless.

China has dismissed the findings of a U.S. investigation into its shipbuilding industry, calling the...

https://mfame.guru/china-denounces-u-s-shipbuilding-investigation-as-politically-driven/

Turning Point For Maritime Decarbonization: Surge In Alternative Fuel Vessel Orders

The significant increase in orders for alternative-fueled vessels in 2024, as highlighted by DNV’s Alternative Fuels Insights platform, clearly demonstrates the maritime industry’s accelerating efforts to decarbonize. This surge in orders signifies a crucial step towards a more sustainable future for shipping, reports Baltic Exchange. 

Primary Factors 

Container and car carrier sectors were the primary drivers of the surge in alternative fuel orders, accounting for 62% of the total. In 2024, a...

https://mfame.guru/turning-point-for-maritime-decarbonization-surge-in-alternative-fuel-vessel-orders/

World’s Largest Multi-Purpose Self-Propelled Deck Vessel “Fanzhou 8” Delivered

Taizhou Zhonghang Shipbuilding has officially named and delivered the “Fanzhou 8”, a groundbreaking vessel built for Jiangsu Fanzhou Shipping. The 55,000-ton deck vessel is now the world’s largest multi-purpose self-propelled deck vessel by deadweight capacity.

Key Specifications of Fanzhou 8
  • Total Length: 256 meters.
  • Beam: 51 meters.
  • Deadweight Capacity: 58,405.4 tons.
  • Cruising Range: Up to 16,000 nautical miles.
  • Maximum Speed: Over 15 knots (approximately 27.78 km/h).
  • Seaworthiness: Designed...

https://mfame.guru/worlds-largest-multi-purpose-self-propelled-deck-vessel-fanzhou-8-delivered/