Yaskawa, Corvus Team Up to Develop Short-Circuit Limiter for Maritime Battery Packs
Finland-based power electronics specialist Yaskawa Environmental Energy/The Switch is partnering up with maritime energy storage system (ESS) manufacturer Corvus Energy to continue the development of its smart Battery Short-Circuit Limiter (BSCL) protection device for large-scale battery solutions and advanced DC power distribution.Under the three-year memorandum of understanding (MoU), Corvus Energy…
U.S. Ports Have Highest Demurrage and Detention Charges in the World, Report Shows
Container xChange's latest annual benchmark study of demurrage and detention charges recently showed that the ports in the U.S have the highest demurrage and detention (D&D) charges among the top 60 ports worldwide. Demurrage and detention tariffs have two main purposes: (1) compensating the shipping line for the use of its container and (2) encouraging the merchant to return the container as soon as possible for the shipping line to re-use it and have a fast turnaround.
Cummins Names Rumsey Its First Female CEO
Cummins said Thursday that Tom Linebarger will end his term as Chief Executive Officer (CEO) and Jennifer Rumsey, President and Chief Operating Officer (COO), will assume the role of President and CEO.Rumsey will be the seventh CEO and first woman to lead the company since it was founded in 1919. "Linebarger will continue to serve as Chairman of the Board of Directors and in an Executive Chairman role…
Wartsila to Slash Up to 450 Jobs in Italy
Wartsila will scale down its manufacturing in Trieste, Italy, in a move that might involve about 450 job cuts, the Finnish engineering group said on Thursday.Wartsila said it plans to centralize its 4-stroke engine manufacturing in Vaasa, Finland, while its Trieste site will focus on research and development, among other activities.(Reuters - Reporting by Boleslaw Lasocki; editing by Jason Neely)
Hezbollah: 'No one' will Extract Gas From Maritime Zones if Lebanon Unable To do So
The head of powerful armed group Hezbollah warned on Wednesday that "no one" would be allowed to operate in maritime oil and gas fields if Lebanon was barred from its "rights" in extracting from areas off of its own coast."If you don't give us the rights that our state is asking for ... then we could flip the table on everyone," Sayyed Hassan Nasrallah said in a televised address."If you want to get to a formula where this country is barred from taking advantage (of these fields)…
Reach Subsea Takes Volstad's Deep Cygnus Vessel on a 4-year Charter
Subsea service provider Reach Subsea has chartered Volstad Maritime's offshore construction vessel Deep Cygnus for four years, with an option to extend for one year.The…
ConocoPhillips to Take 30% Stake in Sempra's Port Arthur LNG project
ConocoPhillips said on Thursday it would take a 30% equity stake in Sempra Energy's Port Arthur liquefied natural gas (LNG) plant in Texas, as the U.S. oil and gas producer expands its LNG business to meet soaring demand.Western sanctions on Russian fuel has choked an already undersupplied market and sent buyers scrambling for the heating fuel.
Harland & Wolff to Restore HMS Quorn Mine-hunter
Harland & Wolff's Appledore site in the UK's southwest has won a £55 million (around $65 million) contract to regenerate a former Royal Navy mine-hunting vessel, HMS Quorn. "On behalf of the Lithuanian Government, the Defence Equipment Sales Authority (DESA) awarded the contract that will see HMS Quorn renovated and restored, bolstering NATO maritime capability in Europe," the UK Ministry of Defence said Thursday."Supporting ambitions to bolster British shipbuilding…
Nord Stream 1 Pipeline Future Depends on Gas Demand and Sanctions, Russia Says
Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that the future of the Nord Stream 1 gas pipeline to Germany would depend on gas demand in Europe and Western sanctions against Russia.The pipeline from Russia to Germany is undergoing annual maintenance until July 21, but European governments are worried that Moscow could extend that in order to restrict European gas supply, disrupting…
Wartsila Steps Up Green Fuel Push with Methanol-powered Ship
Marine and energy equipment maker Wartsila will roll out its first methanol-powered engine in a new ship next year as the group accelerates green fuel technology options for shipping, a company executive said.With about 90% of world trade transported by sea, shipping accounts for nearly 3% of the world's CO2 emissions, yet environmental campaigners say efforts by the sector to cut emissions by 2050…
U.N. Chief Hopes for Ukraine Grain Deal Next Week
U.N. Secretary-General Antonio Guterres said that an "important and substantive step" was made towards a comprehensive deal to resume Black Sea exports of Ukraine grain after talks between Russia, Ukraine, Turkey and U.N. officials on Wednesday."Next week, hopefully, we'll be able to have a final agreement.
Autonomous Cargo Ships and New Collision Regulations
The possibility now exists for ships to navigate the globe with no one at the helm. This capability has been demonstrated in the United States, Europe and Japan by autonomous workboats, survey vessels, and coastwise voyages by autonomous cargo vessels and ferries with the development of larger vessels capable of making trans-oceanic voyages coming soon. Despite this new reality, aside from a patchwork of voluntary best practices…
Strategic Marine Delivers Fast Crew Boat to Centus Marine
Singapore-based shipbuilder Strategic Marine has delivered a 42m Fast Crew Boat (FCB) to repeat client Centus Marine, the fourth vessel delivered to the offshore marine service provider in the last two years."The 42m FCB has been designed to meet the specific requirements of oil majors, its station-keeping and maneuvering capability have been enhanced with a tunnel thruster installed at the bow," the shipbuilder said .Powered by three Cummins KTA50 engines…
Maritime Training in the Philippines: Kongsberg Digital Sings MoU with MARINA
Norway-based Kongsberg Digital (KDI) and Maritime Industry Authority in the Philippines (MARINA) have signed a memorandum of understanding (MOU). According to Kongsberg, the MOU represents a significant milestone for innovation and transformation in maritime training in the Philippines,"Kongsberg Digital’s suite of simulation systems provides efficient and realistic training for maritime students and crew so building vital skills promoting safety…
Libya's Oil Chief Rejects Sacking, Says Govt Mandate Expired
The head of Libya's National Oil Corp (NOC) on Wednesday rejected the prime minister's authority to sack him, raising the prospect of an open struggle for control of the state energy producer.In a furious televised speech, Mustafa Sanalla said Prime Minister Abdulhamid al-Dbeibah's mandate to govern had expired and warned him not to touch NOC.An armed force deployed outside the NOC building later in the day, three witnesses said. One of them said the force was aligned with Dbeibah.
Maersk Wins Second U.S. Contract for Its Wind Turbine Installation Vessel
Danish offshore services company Maersk Supply Service has won its second offshore wind installation contract in the U.S. The company, best known for its offshore support vessels, in March ordered a wind turbine installation vessel, and won its first contract with Equinor and BP to install turbines at the Empire Wind project in the U.S.Now, Maersk Supply Service has won a deal to install the wind turbines at the Beacon Wind farm off the U.S.
HMM to Invest $11.5 Billion Over Five Years for Expansion
HMM Co Ltd, South Korea's largest container shipping company by sales, said on Thursday it plans to invest 15 trillion won ($11.46 billion) over the next five years to sharply increase its capacity.HMM plans to expand its shipping capacity to 1.2 million 20-foot equivalent units (TEU) from the current 820,000 TEU by 2026 and increase the number of bulk carriers to 55 from 29.
