Port of New Orleans Board Elects Jensen as Chairman
Rhe Board of Commissioners of the Port of New Orleans (Port NOLA) on Thursday elected Jack C. Jensen, Jr. to serve as Board Chairman, succeeding Charles H. Ponstein, whose term as Chairman ended this month. Also elected were Joseph F. Toomy, who will serve as Vice Chairman, and Walter J. Leger, Jr., who will serve as Secretary-Treasurer for the nine-month term.“Jack Jensen has brought decades of transportation and logistics experience to this board…
Roundtable: North American Naval Architects Weigh In
Marine News spoke to leaders at three North American naval architecture and marine engineering firms about some of the latest trends impacting their business today. Mike Fitzpatrick, president, Robert Allan Ltd.; Jeff Bowles, director, DLBA Naval Architects; and Rich Mueller, president and CEO, NETSCo., weigh in on topics such as digitalization, decarbonization and the naval architect talent pool.How…
Digitalization: Palantir Inks $20m Deal with Hyundai Heavy Industries
Palantir Technologies signed a deal valued at $20 million over five years to expand its partnership with South Korea's Hyundai Heavy Industries Group, one of the world's largest shipbuilding conglomerates. The conglomerate's shipbuilding affiliates including Hyundai Heavy will use Palantir's operating system, known as Foundry, to strengthen data-driven decision making, said Palantir's Chief Operating Officer Shyam Sankar.Companies in the export-driven economy…
Incoming Shell Boss Aims Fire up Renewables Drive
Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business, including through a possible "transformative" clean power acquisition, company and industry sources said.Sawan will from January take on a firm with a strong balance sheet after a surge in oil and gas prices, but whose renewables capacity has lagged peers like TotalEnergies and BP as green issues come increasingly into vogue.
Two Binding Bids for Greek Port
Greece received two binding bids for a majority stake in its northern port of Alexandroupolis, the country's privatizations agency HRADF said.The bidders for a 67% stake in the port were Quintana Infrastructure and Development through Liberty Port Holdings Single Member, and International Port Investments Alexandroupolis, a joint venture of Black Summit Financial Group, Euroports, EFA Group and GEK Terna, the agency said in a statement.The deadline for the bids expired earlier on Thursday.
Venezuela Arrests 'Fat Leonard' Contractor in US Navy Bribery Case
Venezuelan police have arrested a fugitive Malaysian businessman nicknamed 'Fat Leonard' who is at the center of a major U.S. Navy bribery scandal, as he prepared to leave the country for Russia, Venezuelan Interpol said.Leonard Glenn Francis was detained at the country's main international airport on Wednesday under a red notification requested by the United States for crimes of corruption and bribery…
Holy Land Shipwreck Reveals Tenacity of Ancient Traders as Empires Shifted
An ancient shipwreck found off the shore of Israel and loaded with cargo from all over the Mediterranean shows that traders from the West still came to port even after the Islamic conquest of the Holy Land, researchers say.A surprise storm? An inexperienced captain? Whatever the reason, the merchant ship made from fir and walnut trees and carrying containers with delights from far-off lands sank in the shallow waters off what is today the Israeli coastal community of Ma'agan Michael more than 1…
Scorpio Tankers Buys LR2 Product Tanker
Shipowner Scorpio Tankers announced this week that it has exercised a purchase option for an LR2 product tanker that is currently leased.The 2016-built, 109,999…
At Least Two Investors to Submit Binding Bids for Alexandroupolis Port
At least two investors are expected to submit binding bids on Thursday for a majority stake in Greece's northern port of Alexandroupolis, sources close to the process told Reuters.Near the borders with Bulgaria and Turkey, and with rail links and a floating gas regasification unit in the pipeline, Alexandroupolis has potential as a transport and energy hub for central Europe.Four investors were shortlisted last year for a 67% stake in the port: Quintana Infrastructure and Development…
Hurtigruten Norway Upgrades Its First Ship to Battery-hybrid Power
Hurtigruten Norway announced it has launched its first environmentally-upgraded battery-hybrid powered ship as part of a €100 million seven vessel refit program aimed at significantly reducing both CO2 and NOx emissions.MS Richard With has gone through extensive upgrades, having been retrofitted with two large battery packs (1,120kWh each) and new, more efficient Norwegian-made engines and new propulsion systems at Myklebust Yard in northwestern Norway.
Collapsing Spot Rates, Falling Capacity define Far East to U.S. Container Trade
In its latest Container Freight Rate Update note, Xeneta covers the average capacity and blank sailings on the Far East to the US West Coast while we head into the not-so-traditional peak season.The average capacity offered from the Far East to the US West Coast has fallen to its lowest since February in the past four weeks. Over this period, an average of 275,000 TEU has left the Far East heading for the US West Coast…
Steerprop, Med Marine Ink Deal for New "T Propulsion" Units
Steerprop signed a contract with Turkish Med Marine shipyard to deliver the propulsion units for two RAscal 2100 harbour tugs designed by Robert Allan. The contract is the first for the new Steerprop T product line.The growth of global trade and marine transport has brought about larger vessels and a need of more powerful and manoeuvrable tugs, with increased bollard pull for ship assistance and harbor operations.
Marlink Adds SpaceX's Starlink to its Services
Marlink has added SpaceX’s Starlink service to its offerings, a move aimed at strengthening its connectivity solutions portfolio.Marlink and OmniAccess will leverage Starlink – a high-speed, low-latency broadband internet service enabled by a constellation of satellites in Low Earth Orbit – to complement its portfolio of smart network solutions and services globally. Under the agreement, Marlink and…
KDI Delivers DP Simulators to MOL in Tokyo
Kongsberg Digital (KDI) has delivered a full mission K-Sim Dynamic Positioning (DP) Simulator to MOL Marine & Engineering (MOLMEC) for the new MOL Dynamic Positioning Training Centre (MOL DPTC) in Tokyo, Japan. MOL DPTC is the first DP training center in Japan to be accredited by the Nautical Institute (NI) to provide NI-approved dynamic positioning training courses.“We Installed Kongsberg DP simulator and were able to open a quality DP training center in Tokyo…
Glosten, ABB Debut Methanol-Hybrid Tug Design
Glosten and ABB have teamed to develop a methanol-hybrid ship assist tug design. The "SA-100" is a 100-ft. ASD harbor tug—designed to measure under 100 grt—is propelled by two methanol compatible CAT 3512E gensets powering electrically driven L-drives. The gensets are complemented by battery banks for zero-emission operation when transiting, peak shaving during general operation, and as boost for achieving…