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Venezuela's loss of a key U.S. license that allowed it to freely export and increase investment in its oil sector will hit the volume and quality of its crude and fuel sales while prompting a flurry of requests for individual U.S deal authorizations.U.S. officials had warned that absent progress by President Nicolas Maduro on implementing an electoral roadmap agreed last year, the U.S. would not renew license 44, which since October had eased oil sanctions in place for the last five years.On Wednesday…

The United States has launched an investigation into alleged unfair practices within China's shipbuilding and maritime industries, drawing ire from Chinese officials.The probe was launched Wednesday by U.S. Trade Representative Katherine Tai in response to a petition filed by five national labor unions accusing China of using "non-market policies that are far more aggressive and interventionist than any other country" to obtain dominance over the global shipbuilding, maritime and logistics sector."The American commercial shipbuilding industry is a shell of its former self. . .

If nothing else, building vessels in the U.S. is a complicated business.In a session on the domestic shipbuilding marketplace, at Marine Money’s late-November 2023 conference held in New Orleans, Ben Bordelon, president and CEO of Bollinger Shipyards (with more than a dozen facilities, in Mississippi and Louisiana), described his company’s architecture as a “three-legged stool approach: commercial newbuilds, government newbuilds and repair/conversion capabilities”.On the same panel…

Meyer Turku has outlined some of the highlights of its environmental policy developments, noting that it has used only certified carbon neutral electricity since 2018. Starting from 2023, also all district heating used the shipyard has been carbon neutral.“We are lucky to partner with Turku Energia who is able to supply up-to-date electricity and heating solutions. The impact we make together is big and encourages us further with our sustainability ambitions. This decision showcases our deep-rooted values and our forward-thinking approach and commitment to embracing cleaner energy solutions.

This week at Singapore Maritime Week, the U.S. Department of Energy (DOE) is advancing ambitious decarbonization targets for the maritime transportation sector, both domestically and internationally.DOE is teaming with over 15 government and industry partners in Singapore to foster partnerships and collaborate on clean energy solutions aimed at achieving net zero-emissions in the maritime sector by 2050. Domestically, DOE’s Office of Energy Efficiency and Renewable Energy (EERE) is joining with ABS to create opportunities for data and information sharing to strengthen U.S. shipping. The U.S.

The World Shipping Council (WSC) has appointed Joe Kramek as its new President and CEO, to succeed John Butler upon his retirement at the end of July.Kramek brings a wealth of experience and expertise to his new role, from both the maritime sector and government service. He has already served as the WSC's Director of U.S. Government Relations.His professional journey includes 28 years as a commissioned officer with the U.S. Coast Guard where he spent time at sea and as the Chief of Maritime, International, and Environmental Law. Notably, Kramek led the U.S.

The Biden administration said it would not renew a license set to expire early on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro’s failure to meet his election commitments.Just hours before the deadline, the U.S. Treasury Department announced on its website that it had issued a replacement license giving companies 45 days to “wind down” their business and transactions in the OPEC country's oil…

The Baltimore port's alternate shipping channels are not deep enough to accommodate the oceangoing container vessels that Maersk and other carriers use, the Danish shipping group said in a statement on Wednesday.A container vessel chartered by Maersk collided with a major bridge in the U.S. port of Baltimore's harbor last month, causing the structure to collapse.

The U.S. Department of Transportation’s Federal Transit Administration (FTA) on Wednesday announced the availability of $316 million to support and modernize passenger ferry service in communities across the country.Ferry transit is a critical mode of transportation in many regions throughout the United States. Across the country, there are approximately 3 million ferry riders each month.“I have seen firsthand how, for many Americans in many different parts of the country, ferries are the best and sometimes only way to get where they need to go,” said U.S.

The 25 crew members of the MSC Aries, which was seized by Iran on April 13, are safe, shipping firm MSC said on Wednesday, adding that discussions with Iranian authorities are in progress to secure their earliest release."We are also working with the Iranian authorities to have the cargo discharged," the Swiss headquartered company said in a statement.Iran's Revolutionary Guards seized the container vessel in the Strait of Hormuz days after Tehran vowed to retaliate for a suspected Israeli strike on its consulate in Damascus on April 1.

The Maritime Risk Symposium is an annual three-day conference in which government and maritime industry leaders, port representatives, researchers, and solution providers convene to examine current and emerging threats to maritime security. MRS2024 is scheduled to take place June 11-13 2024 at Naval Postgraduate School (NPS) in Monterey, CA.A look @ Panel 5: Facilitator: Eric “Coop” Cooper, CAPT, USCG (retired)This panel will inform participants and generate discussion to improve understanding of the risk of gray zone activities pose to the economy…

UK-based offshore vessel designer Chartwell Marine has started the construction of its new Brevity Class crew transfer vessel (CTV) at the Diverse Marine shipyard, becoming the latest in its growing pipeline of new vessel builds to supply the global offshore wind market.Chartwell Marine’s current new build pipeline now exceeds 15 vessels across six local shipyards – with 14 offshore wind vessels launched and operational at major offshore wind farms, including two in U.S. waters.The company’s latest CTV entered build in March 2024…

The SMM 2024 trade show will run from September 3-6 this year, and organizers are expecting more visitors and exhibitors than last time; the exhibition halls are nearly fully booked.“We are expecting more than 2,000 international exhibitors from 70 nations,” says Claus Ulrich Selbach, Business Unit Director Maritime and Technology Fairs & Exhibitions at Hamburg Messe und Congress. “We are overwhelmed by the response. We are actually setting-up an additional hall to accommodate all requests.

For 15 years the Maritime Risk Symposium (MRS), an annual three-day event, has brought together government and maritime industry leaders, port representatives, international and domestic researchers and solution providers to examine current and emerging threats to maritime security. World events highlight that maritime security is increasingly at risk during the current period of great-power competition and ongoing conflicts. The active competition between nations who are not…

U.S. sanctions are limiting tanker activity for Russia's top shipping group, Sovcomflot, the company's head said on Tuesday, as Washington tightens the screws on Moscow.The U.S. imposed sanctions on Sovcomflot on Feb. 23 as Washington seeks to reduce Russia's revenues from oil sales that it can use to support its military actions in Ukraine.Sanctions have impacted the company's operations, "limiting our geography and commercial prospects", Sovcomflot CEO Igor Tonkovidov told reporters.He added that as sanctions are a relatively new instrument to the shipping market…

Bellingham, Wash. shipbuilder All American Marine (AAM) announced it has been awarded a contract to build a new research vessel for the marine sciences program at  the California Polytechnical Institute at Humboldt (Cal Poly).The vessel is a 78’ x 26.7’ semi-displacement aluminum catamaran that was developed by Nic de Waal of Teknicraft Design in Auckland, New Zealand. The vessel will be inspected to U.S. Coast Guard (USCG) Subchapter T standards and will operate as a multipurpose research vessel in the Near Coastal Waters of Northern California and Oregon, as well as Offshore on Ocean Routes.

The U.S. Environmental Protection Agency (EPA) has issued the final air quality permit for Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project located off the coast of Virginia Beach in the United States.Issued on April 9 following a 30-day public comment period, the permit authorizes the construction and operation of the largest offshore wind project in the U.S.

DEME’s DP3 offshore installation vessel Orion has departed for the United States to prepare for the installation of 176 foundations on the Coastal Virginia Offshore Wind (CVOW) project, following the wrap up of works at the 882 MW Moray West offshore wind farm in Scotland.DEME’s flagship Orion vessel has completed monopile installation works on Ocean Winds’ Moray West offshore wind farm project in Scotland.Despite harsh winter conditions, DEME managed to install 29 monopiles in approximately two months.Meanwhile…

The industry consortium behind the Ocean Charger project, led by Vard, has completed the demonstration of the charging solution in a port as well the connection solution offshore, proving the technology designed to supply clean power to offshore wind vessels is ready for the market.By connecting vessels to the power grid in the wind farm and charging batteries regularly, the Ocean Charger solution is securing availability of emission-free vessel operations.The Ocean Charger has proved through the tests that it can power operations at the field without using any additional energy sources…

EST-Floattech will be providing the battery system for the purpose-built electric-landing utility vessel (E-LUV) to be built at Coastal Workboats’ new yard Stornoway. The company will also provide the shore-based power supply system.The collaboration with Coastal Workboats Scotland is realized due to Coastal Workboats receiving a £6 million (€7 million) grant to demonstrate the UK's first commercial electric workboat and charging station from the Clean Maritime Demonstration Competition.The BV-classed E-LUV is set to be the UK's first commercial electric workboat.

A large number of ports across the United States are making headway toward ambitious decarbonization targets, but many are running up against significant challenges that threaten their progress, according to a new report from classification society ABS and trade group the American Association of Port Authorities (AAPA).Financial constraints, low technology readiness and physical space limitations are among key obstacles identified the ABS and AAPA report, "Port Decarbonization Survey: Trends and Lessons Learned"…

The U.S. Navy on Friday celebrated the keel laying of the lead ship of the Constellation class of guided-missile frigates, the future USS Constellation (FFG 62), at the Fincantieri Marinette Marine shipyard in Marinette, Wis.Secretary of the Navy Carlos Del Toro and Chief of Naval Operations Adm. Lisa Franchetti participated in the ceremony along with Wisconsin governor Tony Evers and Fincantieri Marine Group CEO Marco Galbiati.Hundreds of FMM shipbuilders gathered with guests inside the shipyard’s massive new climate-controlled Building 34…

The FBI said on Monday it opened a criminal probe into the collapse of a Baltimore bridge in March when a ship crashed into a bridge support, while local officials confirmed the recovery of a fourth body from the incident.FBI agents boarded the cargo ship Dali to conduct court-authorized law enforcement activity regarding the crash, an FBI spokesperson said. The spokesperson said there was no other public information available and the bureau will have no further comment.The body…