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Tuesday, March 19, 2024
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18 Mar 2024

CEO Says Exxon Mobil Not Trying to Buy Hess

Source: Hess

Exxon Mobil CEO Darren Woods on Monday said his company is trying to establish it has rights over Hess Corp's Guyana assets in its dispute with Chevron, not buy the company itself.In his first public remarks on the company's pursuit of an arbitration case that could block Chevron's $53 billion deal for Hess, Woods said Exxon would not have waited for Chevron to announce its Hess deal if it had wanted to buy Hess."We're basically standing up for what we believe is a fundamental right," Woods told Reuters at the CERAWeek energy conference in Houston.

18 Mar 2024

Houthi Attacks Must Ease for Salvage of Two Vessels, IMO Head Says

On March 2 at approximately 2:15 a.m. (Sanaa time), Rubymar, a Belize-flagged, UK-owned bulk carrier, sank in the Red Sea after being struck by an Iranian-backed Houthi anti-ship ballistic missile on Feb. 18. The ship had been slowly taking on water since the attack. (Photo: U.S. Central Command)

Efforts to limit environmental damage from a cargo vessel that sank after a Houthi missile strike and another abandoned during a fiery assault are on hold until attacks on ships ease, the United Nations' maritime shipping regulatory agency said on Monday.The UK-owned Rubymar last month became the first vessel lost since the Houthis began targeting commercial ships in the Red Sea area in November. The bulk carrier with 21,000 metric tons of fertiliser contained in its cargo hold


17 Mar 2024

BOEM Finalizes Wind Energy Area in the Gulf of Maine

Source: BOEM

The Bureau of Ocean Energy Management (BOEM) has finalized its designation of a Wind Energy Area (WEA) in the Gulf of Maine. The Final WEA has the potential to support generation of 32GW of clean energy, surpassing current state goals for offshore wind energy in the Gulf of Maine: 10GW for Massachusetts and 3GW for Maine. The WEA totals about two million acres offshore Maine, Massachusetts, and New Hampshire, ranging from approximately 23 – 92 miles off the coast.BOEM finalized the WEA after extensive engagement with the states of Maine


17 Mar 2024

Mexico Could be Back Door for Chinese Imports into US

© EvrenKalinbacak / Adobe Stock

Growth in demand for container shipping imports from China into Mexico in January 2024 increased by 60% compared to 12 months ago, further fuelling suspicions it has become a back door into the US.According to analysts at Xeneta, 117,000 TEU was shipped in January of this year compared to 73,000 TEU in January 2023 (source: Container Trades Statistics).Annual growth in container shipping between China and Mexico had already increased by 34.8% in 2023 compared to just 3.5% in 2022.Peter Sand


14 Mar 2024

Ørsted Powers Up All Turbines at First US Commercial-Scale Offshore Wind Farm

(Credit: Ørsted)

Ørsted has installed and powered up all 12 turbines at the landmark South Fork project, and the first utility-scale U.S. offshore wind farm has started delivering power to Long Island and the Rockaways, offshore New York.The commissioning of the wind farm is in its final stage, and when at full capacity of 130 MW, it will generate enough renewable energy to power approximately 70,000 homes.The renewable energy is generated roughly 35 miles off the coast of Montauk, and will eliminate up to six million tons of carbon emissions over the life of the project


12 Mar 2024

Philippine Seafarers Who Survived Houthi Red Sea Attack Arrive Home

(Photo: U.S. Central Command)

Eleven Filipino seafarers arrived in the Philippines on Tuesday nearly a week after they survived a Houthi missile attack off Yemen.They were crew members of the Barbados-flagged, Greek operated merchant ship True Confidence which the Houthis attacked last week, killing three sailors, including two Filipinos. The migrant workers' ministry said in a statement the 11 survivors received government help on arriving in Manila.Mark Anthony Dagohoy, a crew member on True Confidence, said it was difficult to recall what they went through


11 Mar 2024

Norway’s BOA Group Orders Two Damen Tugs

(Image: Damen)

Dutch shipbuilding conglomerate Damen Shipyards Group announced it has signed a contract with BOA Group for two ASD Tugs 3010 ICE. Due to Damen’s practice of constructing vessels in series for stock, the tugs were already under construction at the time of order and will be delivered later this year.BOA’s fleet consists of specialized offshore vessels, semi-submersible barges and harbor tugs. The order for these two Damen tugs is a part of the Norwegian company’s strategic fleet


11 Mar 2024

OpEd: Focusing on Green Fuels Takes the Focus Off Shipping's Major Problems

Morten Brandborg, CEO of Green Instruments (Credit: Green Instruments)

Shipyard order books show that more and more ships are being built that can run on methanol or liquified natural gas (LNG). Major shipping companies are investing in green fuels for their fleets, and researchers around the world are working intensely to find new solutions that can make the shipping industry greener.This is all good news that strengthens the belief that shipping is reducing its emissions of greenhouse gases, among others. While there is reason for some optimism, as shipping is becoming more sustainable, there is no doubt that we are still very far from the goal.

06 Mar 2024

Russia Oil Fleet Shifts Away from Liberia, Marshall Island Flags Amid US Sanctions Crackdown

© evannovostro / Adobe Stock

Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks after the United States ramped up sanctions enforcement on ships linked to those registries, according to shipping data and interviews with industry and government officials.The shift reflects the close relationship between the U.S. and the flag administration companies of Liberia and the Marshall Islands, which are headquartered not in their home countries, but in Virginia, just miles from Washington D.C. and within the jurisdiction of U.S.

05 Mar 2024

Ukraine Says it Sunk a Russian Patrol Ship Near Crimea

(Photo: Ukraine Defense)

Ukrainian sea drones hit and sank a Russian Black Sea Fleet patrol ship off occupied Crimea in an overnight attack, the Ukrainian military said on Tuesday.Ukraine's GUR military intelligence agency said a special unit called Group 13 had fired Magura V5 maritime drones at the Sergey Kotov near the Kerch Strait, which connects the Sea of Azov to the Black Sea.It said on the Telegram messaging app that the vessel had sustained damage to the stern, starboard and port sides, at an estimated cost of $65 million."Right now this ship is on the seabed as a result of fire damage by unmanned boats


05 Mar 2024

Singapore's Temasek Shortlists Saudi Aramco, Shell in Sale of Pavilion Energy Assets

© vladsv / Adobe Stock

Singapore's Temasek Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of companies to purchase most of the assets of liquefied natural gas (LNG) trading firm Pavilion Energy, sources with knowledge of the matter said.The sale process comes a decade after the state investment firm set up Pavilion Energy to focus on LNG-related investments, and takes place as spot Asian LNG prices LNG-AS have fallen more than 40% since mid-August, potentially weighing on the deal's valuation.Temasek is evaluating bids for the sale of Pavilion Energy's assets


01 Mar 2024

US Offshore Wind: Down but Not Out

© Eric Dale Creative / Adobe Stock

“The winds of change are blowing wild and free.” – Bob DylanIn the U.S. offshore wind industry, developments over recent months have placed an exclamation point on the word “wild”. Yes, the wind still blows “free”, but mounting challenges have proven that harnessing its power offshore is anything but. In fact, far from it, as rising materials costs, high interest rates, labor shortages and supply chain delays, among other issues, have delivered heavy blows to the commercial viability of several projects.

28 Feb 2024

ABL on Tow Job for Mero 3 FPSO’s Voyage to Brazil

(Credit: ABL Group)

Energy and marine consultancy ABL Group has secured a contract by POSH Projects to act as tow master to support and supervise the towage of the Mero 3 FPSO from Yantai in China to Brazilian waters.As part of its scope of work, ABL’s operations in Singapore will provide a tow master to act as client representative throughout the 12,108 nautical mile towage.The tow master will supervise and ensure that all marine operations for the sail away from Yantai CIMC Raffles Shipyard are carried out in-line with approved recommendations and procedural documentation.

27 Feb 2024

Preparing for Change, ABS Enhances the Marine Vessels Rules Book

Copyright KengVit14/AdobeStock

As maritime faces transcendent changes in regards to decarbonization, digitalization and automation, innovators from inside and outside of the industry will be challenged to deliver new applications and technologies with increased speed and frequency. Sitting at the center of the innovation storm are classification societies, and earlier this year the American Bureau of Shipping (ABS) became the first classification society to incorporate goal-based standards throughout major rule sets, enhancing its ability to handle the increasing flow of novel concepts and new technologies.

27 Feb 2024

Houthis Say They Can Reassess Red Sea Attacks if Israeli 'Aggression' Stops

(Photo: Screenshot from video shared by Yemeni Armed Forces)

Yemen's Houthis said on Tuesday they could only reconsider their missile and drone attacks on international shipping in the Red Seaonce Israel ends its "aggression" in the Gaza Strip.Asked if they would halt the attacks if a ceasefire deal is reached, Houthi spokesman Mohammed Abdulsalam told Reuters the situation would be reassessed if the siege of Gaza ended and humanitarian aid was free to enter."There will be no halt to any operations that help Palestinian people except when the Israeli aggression on Gaza and the siege stop


26 Feb 2024

Serco Joins VARD's Team Vigilance for Canadian Navy Build

(Image: Vard Marine)

Serco has signed on a team assembled by Vard Marine Inc. to replace the Royal Canadian Navy’s (RCN) Kingston Class Maritime Coastal Defense Vessels (MCDV) under Pillar Two of Canada’s National Shipbuilding Strategy.Vard Marine, a Fincantieri company, launched VIGILANCE in 2023 to "provide the RCN with a state-of-the-art, capable, operationally flexible, and globally deployable multi-mission naval vessel" that is designed, built and equipped in Canada.Other Team Vigilance partner companies include Ontario Shipyards


26 Feb 2024

Many Different Vessels but One Goal – Passenger Safety

© Olivier / Adobe Stock

Because there are so many different kinds of passenger vessels, the critical topic of passenger safety can sometimes appear as a set of niche topics, each one just distantly connected to another. After all, passengers aboard a cruise ship in the Caribbean face safety issues that are much different than a commuter going from Jersey City to Manhattan or a tourist crossing from the Mukilteo, Wash. ferry terminal to Whidbey Island or a family on a fishing vessel in Miami.Importantly, though, for passenger vessel operators, a commitment to safety is not siloed.

26 Feb 2024

Xeneta Appoints Chief Product Officer

Fabio Brocca courtesy of Xeneta

Fabio Brocca after being appointed Chief Product Officer at ocean and air freight rate benchmarking platform, Xeneta.Brocca was previously Head of Product for Global Transportation Technology at Amazon.“Amazon showed me the importance of working backwards from the customer and how a best-in-class tech company is run.“When you are transforming an industry, you must think long term. What we think is needed today may not be what’s needed tomorrow, so it is a continuous pursuit of innovation.“There is a beautiful quote from Jeff Bezos where he says


23 Feb 2024

Three Questions: Matt Tremblay, VP, Global Offshore Markets, ABS

Matt Tremblay, ABS’ Vice President of Global Offshore Markets. Image courtesy ABS

The American Bureau of Shipping dominates the global market in the classification of Floating Production. Offshore Engineer recently sat with Matt Tremblay, ABS’ Vice President of Global Offshore Markets, at American Bureau of Shipping HQ in Houston for his insights on market drivers and technical trends in this dynamic market.Matt, big picture, how do you see the Floating Production market developing in the coming years?At a macro level, I think we're going to be supply limited over the next five years.

21 Feb 2024

ARC Keeps the Cargo Rolling

Flags on M/V ARC Defender.
Image courtesy ARC

With a fleet of nine U.S.-flag RoRo ships, American Roll-On Roll-Off Carrier Group (ARC), is the U.S.’ premier commercial RoRo carrier of U.S. government and military cargo. As the world becomes an increasingly contentious place, Eric P. Ebeling, President & CEO, ARC, discusses the vast capabilities of the ARC fleet and logistics network, as well as the challenges and opportunities ahead for U.S.-flag ships in the international trade.By the numbers’ is a simplistic means to gauge the size and shape of any shipping company


21 Feb 2024

UK's Trident Nuclear-deterrent Missile System Misfires During Test

FILE PHOTO: Nuclear submarine HMS Vanguard at HM Naval Base Clyde, Faslane, Scotland. (Photo: Tam McDonald / U.K. Ministry of Defense)

Britain's Trident nuclear-deterrent system misfired during a test last month, sending a missile crashing into the ocean off the Florida coast near the submarine that launched it, The Sun newspaper reported on Wednesday.The Ministry of Defense confirmed that an "anomaly" had occurred during the test but said Britain's "nuclear deterrent remains safe, secure and effective".With Defense Secretary Grant Shapps on board the HMS Vanguard to witness the test, The Sun said, the first


20 Feb 2024

Maritime Emissions Reduction Center Launched in Athens

© aerial-drone / Adobe Stock

The Lloyd’s Register (LR) Maritime Decarbonization Hub is collaborating with five leading shipowners as founding members in the establishment of a not-for-profit Athens-based global Maritime Emissions Reduction Center (M-ERC) that will focus on optimizing the efficiency of the existing fleet.The M-ERC is being created with the goal of removing technical, investment and community barriers for the uptake of solutions to reduce the greenhouse gas (GHG) emissions of the existing global fleet


19 Feb 2024

Insights: Catherine Gianelloni, MITAGS

Catherine Gianelloni, Director, MITAGS East Coast Campus (Photo: MITAGS)

Catherine Gianelloni sailed with the International Organization of Masters, Mates & Pilots (IOMM&P) for about 10 years after graduating from the U.S. Merchant Marine Academy in 2009. But in between times at sea, she would help out at the MITAGS (Maritime Institute of Technology and Graduate Studies). Operating simulators evolved into teaching opportunities, and Gianelloni took a full-time position in 2012. “Because we are the union school, I was allowed to take breaks—leave of absences—to go out and sail.

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