Tankers to Discharge Iranian Crude, Condensate at Venezuela's Main Port
Tankers carrying about 1.22 million barrels of Iranian crude and 2 million barrels of condensate are scheduled to discharge at Venezuela's Jose terminal in the coming daysā¦
International Group of P&I Clubs Publishes Sustainability Report
The International Group of Protection and Indemnity Clubs (IGP&I) has set out its Sustainability report and updated Correspondents Guidelines to the global network of Protection and Indemnity (P&I) Correspondents listed by its constituent Clubs during its 2022 Correspondents Conference in London, United Kingdom. Both frameworks seek to leverage the collective strength of the IGP&Iās 13-member Clubs and the 65ā¦
Safe Bulkers Sells 2006-built Kamsarmax
Dry bulk shipping company Safe Bulkers announced on Monday that it has entered into an agreement to sell one of the older vessels in its fleet to an undisclosedā¦
Seven More Crop-laden Ships Leave Ukrainian Ports
Seven more ships laden with agricultural produce left Ukrainian ports on Sunday, the country's infrastructure ministry said, bringing the total to 218 since a U.N.-brokered corridor through the Black Sea came into force at the start of August.Ukraine, a major agricultural producer, was left unable to export through the Black Sea after Russia's invasion on Feb. 24 until the agreement of the grain dealā¦
Alfa Laval to Use Fossil-free Steel in Heat Exchangers
Alfa Laval on Monday announced it has signed an agreement with Swedish steel company SSAB to develop the first plate heat exchanger made using fossil-free steel.Alfa Lavalās heat exchanger portfolio includes plate heat exchangers that are suitable for both traditional and alternative fuels. The partners aim to have the first unit made with hydrogen-reduced steel ready for 2023.āOur marine plate heat exchangers are already key to decarbonizing on boardā¦
HII Names Borkey Chief Technology Officer
Defense and technologies company HII announced on Monday that Todd Borkey has been promoted to executive vice president and chief technology officer, effective immediately and reporting directly to HII President and CEO Chris Kastner.The move comes during a time of technological advancement for HII and expands the scope of responsibilities for Borkey, who has served as chief technology officer of HIIās Mission Technologies division since 2021.
Navigating Climate Change: How Shipping is Adapting in the St. Lawrence
When compared to other major river navigation routes around the world, the St. Lawrence River is a favored waterway.It flows from the mouth of Lake Ontario, at an altitude of 250 meters. From its source to the Gulf, the river travels 1,197 kilometers, and is fed by several tributaries including the Ottawa, Richelieu, Saint-François and Saguenay rivers.But the effects of climate change are being felt. The marine industry is adapting.
J.F. Brennan Tallies $23.5 Million Lock and Dam Contract
La Crosse, Wis. based marine construction firm J.F. Brennan Co. Inc. has secured a contract from the U.S. Army Corps of Engineers for work at the Brandon Road Lock and Dam in Rockdale, Ill.The company was the sole bidder for the $23,484,700 firm-fixed-price contract, which will see it install a miter gate installation and replace machinery at the site. Work is estimated to be completed by January 19ā¦
Linda S. Harris Crovella Named Administrative Law Judge
Chairman Daniel B. Maffei announced today the hiring of Linda S. Harris Crovella to serve as an Administrative Law Judge of the Federal Maritime Commission.Judge Crovella joins the Commission after serving as an Administrative Law Judge with the Social Security Administration in Richmond, Va. and Buffalo, N.Y. for the past six years. Prior to joining the Social Security Administration, she worked at the National Labor Relations Board as a Field Attorneyā¦
Ship Recycing: Plates Plunge
While activity seemed as though it had been steadily increasing going into the final quarter of the year, the last couple of weeks have sent mixed signals as to whether the fourth quarter will actually be better for the ship recycling sector as many have been anticipating.A couple of weeks ago, we saw currencies plummet in Pakistan and Bangladesh to the point, a wait-and-watch attitude encompassedā¦
Philly Shipyard Launches First Training Ship Empire State
The first in a series of new training ships being built for the United States' state maritime academies was launched at Philly Shipyard on Saturday.The newbuild, Empire State VII, is the first of five new National Security Multi-Mission Vessels (NSMV) being built under a program for the U.S. Department of Transportation Maritime Administration (MARAD), which owns and operates training ships for the nation's state maritime academies.The newly launched vessel is slated to undergo final outfittingā¦
Gas from Russia's Nord Stream 2 Pipeline Leaks into Baltic Sea
The Danish authorities on Monday asked ships to steer clear of a five nautical mile radius off the island of Bornholm after a gas leak overnight from the defunct Russian-owned Nord Stream 2 pipeline drained into the Baltic Sea.The German government said it was in contact with the Danish authorities and working with local law enforcement to find out what caused pressure in the pipeline to plummet suddenly.
US Official Rules Out Secondary Sanctions for Russian Oil Price Cap
A U.S. Treasury official has ruled out secondary sanctions to enforce a price cap mechanism on Russian oil exports despite a proposal last week by U.S. senators.Democratic and Republican senators last week proposed that U.S. President Joe Biden's administration use secondary sanctions on international banks to strengthen the price cap aimed at capping Russia's oil revenues while minimizing the impact on global markets and prices."We don't think secondary sanctions are neededā¦
MAN and ABB Partner on Dual-fuel Electric Propulsion
Engine manufacturer MAN Energy Solutions and technology company ABB will work together to develop a dual-fuel electric plant concept for liquefied natural gas (LNG) carriers, engineered as part of the companies' efforts to help the international shipping industry reduce its emissions footprint.Under a Memorandum of Understanding, signed at Septemberās SMM trade show in Hamburg, the two companies will develop a Dual-Fuelā¦
Austal Launches New Ferry for Molslinjen
Austal Philippines has launched the 115-meter, high speed vehicle-passenger ferry Express 5, for Molslinjen of Denmark, utilizing a new vessel transportation system designed by Austal.The Auto Express 115 high-speed catamaran ferry is the largest ferry (by volume) constructed by an Austal shipyard and was transported onto Austal Philippinesā floating dock by a new, rail-based system called āANTSā,ā¦
Silverback Marine Brings Fresh Bloodāand Ideasāto Boatbuilding
Tacoma, Wash.-based Silverback Marine is a relatively new name in boatbuilding, formed with the tall ambition to āchange the way the world thinks about workboatsā.āWe started Silverback with the vision of essentially bringing, what I would call, the big boat experience to smaller workboats. Enabling people to get a smaller workboat, but also have a real naval architect and engineer go through itāgive them renderingsā¦
S.Korea's Hanwha Group to Invest $1.4B for Daewoo Shipbuilding
South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd signed a tentative agreement on Monday for Hanwha Group to invest 2 trillion won ($1.4 billion) in return for a 49.3% stake and management rights in the shipbuilder, the companies and Daewoo's major stakeholder said. The agreement, signed with affiliates of Hanwha Group including Hanwha Aerospace, will only be valid if Hanwha is chosen after a period of being open to other bids, Daewoo said in a regulatory filing.
ADNOC to Supply First LNG for RWE's Floating LNG Import Terminal at Brunsbüttel
German utility RWE has signed a deal with Abu Dhabi National Oil Company (ADNOC) to deliver liquefied natural gas to Europe's largest economy by the end of December, RWE announced on Sunday.Though the initial amount to be delivered is relatively small, it's a politically significant deal to shore up supplies of gas from outside of Russia as Chancellor Olaf Scholz seeks to deepen ties with the Gulf and find alternative energy sources.The dealā¦