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Chang News

19 Jan 2024

Japanese Shipyards to Help Keep US Warships Ready to Fight in Asia

© Adrian / Adobe Stock

The United States and Japan are looking to make a deal for Japanese shipyards to regularly overhaul and maintain U.S. Navy warships so they can stay in Asian waters ready for any potential conflict, U.S. Ambassador to Japan Rahm Emanuel said on Friday."China watches what ships are coming in and out. It is not like this is a secret, they know what's happening. So therefore, they take an evaluation of your deterrence," Emanuel told reporters at the Yokosuka naval base near Tokyo.Unchallenged in Asian waters for decades, the U.S.

03 Jan 2024

Equinor, BP Cancel Contract to Sell Offshore Wind Power to New York

© nblxer / Adobe Stock

European energy firms Equinor and BP  terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues."This agreement reflects changed economic circumstances on an industry-wide scale and repositions an already mature project to continue development in anticipation of new offtake opportunities," Equinor said in a statement on Wednesday, in an apparent reference…

04 Dec 2023

India Resumes Imports of Venezuelan Oil

© Fotos von Schiffen / Adobe Stock

Indian refiners have resumed Venezuelan oil purchases through intermediaries, with Reliance RELI.NS set to meet executives from state firm PDVSA next week to discuss direct sales following the easing of U.S. sanctions on the South American country, people familiar with the matter said.Trade resumed between the OPEC producer and the second largest destination for its oil after Washington in October temporarily lifted sanctions banning Venezuelan oil exports, prompting a flurry of spot sales of crude and fuel through middlemen and traders…

20 Nov 2023

Video: Houthis Seize Car Carrier in the Red Sea

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

Israel said on Sunday that Yemen's Houthis had seized a British-owned and Japanese-operated cargo ship in the southern Red Sea, describing the incident as an "Iranian act of terrorism" with consequences for international maritime security.The Houthis said they had seized a ship in that area but described it as Israeli. "We are treating the ship's crew in accordance with Islamic principles and values," a spokesperson for the group said, making no reference to the Israeli account.The Houthis…

17 Nov 2023

NY Offers New Offshore Wind Auction, May Revive Troubled Projects

Credit: Ian Dyball/AdobeStock

New York State will issue a new offshore wind solicitation on Nov. 30 with bids due in January 2024, the state government said, in a move that should support the troubled industry. European energy companies Orsted, Equinor, and BP have taken a combined $5 billion of writedowns on U.S. offshore wind projects that are not even completed, in part because their existing power sales contracts would not cover the cost of building and financing the projects. That is because soaring inflation, rising interest rates, and supply chain problems have led to much higher costs than anticipated.

15 Nov 2023

US Appeals Court Orders Gulf Lease Auction Within 37 Days

Source: Earthjustice, Credit: NOAA

A U.S. appeals court on Tuesday ordered that a postponed federal auction of drilling rights in the Gulf of Mexico be held within 37 days, a setback for environmentalists seeking expanded protections for the endangered Rice's whale.According to court papers, the New Orleans-based U.S. Court of Appeals for the 5th Circuit dismissed an effort by four green groups to block an expansion of the sale ordered by a lower court judge in September.The judges said the groups lacked standing to challenge the September decision.

02 Aug 2023

LNG-Powered Intelligent Bulk Carrier Launched in China

Source: CCS

A new-generation, LNG-powered green and intelligent bulk carrier Chang Hang Huo Yun 002 has been launched in China.The vessel will be fueled solely by LNG, and it is being built by Zhijiang Shengmao Shipyard for China Yangtze Shipping Group.China Classification Society (CCS) conducted the plan approval and new building survey. The 9,800dwt ship complies with the “Green Ship-2” standard as specified by CCS “Rules for Green Ships on Inland Rivers”.Compared with diesel fuel operation, the vessel can reduce emissions of carbon dioxide by 20%, sulfur oxides and nitrogen oxides emissions by 100%.

27 Jul 2023

Ship Carrying 3,000 Cars Burns off Dutch Coast, One Dead

Credit: Dutch Coast Guard

A fire blazed on a cargo ship off the Dutch coast with nearly 3,000 vehicles on board on Wednesday, killing one member of the crew and injuring several others, the coastguard said.Several crew members were forced to jump overboard after the fire began on Tuesday night on the 199-metre (655-foot) Panama-registered Fremantle Highway as it was en route from Germany to Egypt.The Indian Embassy in the Netherlands said in a social media post the fire had "resulted in the death of an Indian seafarer and injuries to the crew", and that it was in touch with family of the deceased.

26 Jun 2023

Canada Clamps Down on Cruise Liners Dumping Sewage

© aquamarine4 / Adobe Stock

Canada on Friday banned cruise ships from dumping sewage and dirty water close to shore, and said it would impose fines of up to C$250,000 ($190,000) for offending vessels.A range of anti-pollution measures introduced on a voluntary basis in April 2022 will become obligatory with immediate effect, Transport Minister Omar Alghabra said in a statement.Environmental groups said Ottawa had ignored the largest source of liquid pollution from cruise ships: the water used to clean exhaust gas cleaning systems…

18 Apr 2023

Ince to Seek Sale After Creditor Bows Out

Photo © Robert Lamb (cc-by-sa/2.0)

Legal and professional services firm Ince Group Plc plans to enter administration and pursue a sale of the company, it said on April 12, amid cash concerns and repeated delays in reporting its financial results.Ince's directors applied to London's High Court on April 12 to appoint administrators under UK insolvency law in relation to the company and four subsidiaries, court filings show.Trading in Ince on London's Alternative Investment Market was suspended from Jan.

13 Apr 2023

China to Ban Vessels from Area Near Taiwan Over Rocket Debris

©Oleksii/AdobeStock

China will ban vessels from an area near Taiwan on Sunday because of the possibility of falling rocket debris, its maritime safety agency said on Thursday, as Japan sought details from Beijing on a reported no-fly zone in the same location. China has not commented on the no-fly zone, but South Korea, which was also briefed on the plans, said it was due to a falling object related to a launch vehicle. The disruption comes during tension in the region over Chinese military exercises around Taiwan…

22 Mar 2023

UBS Likely to Shrink Credit Suisse's $10 Billion Shipping Portfolio

© nmann77 / Adobe Stock

UBS Group AG will likely shrink Credit Suisse Group's $10 billion shipping portfolio that it inherited as part of its emergency takeover on Sunday, the Wall Street Journal reported on Wednesday.UBS could also try to sell the portfolio, but doing so could prompt owners to move their accounts elsewhere, the WSJ reported, citing people familiar with the matter.About half of the shipping portfolio involves Greek ship owners that use their deposits in the bank's wealth management arm as collateral to finance new ships, the report added."Our wealth management business in Greece is an integral part o

21 Mar 2023

US Oil Exports to Europe Hit Record in March

© Kyle / Adobe Stock

U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide discounts to the global benchmark and weaker oil demand by U.S. refineries.Record exports to Europe and China this month reflect the rise of United States in crude oil trade and solidifies its role supplying Europe following Russia's invasion of Ukraine.A holiday freeze knocked out operations at a dozen U.S. refineries, increasing scheduled plant maintenance and reducing crude oil demand that widened U.S.

13 Mar 2023

Venezuela to Ship Fuel to Cuba on US-blacklisted Supertanker

© Igor Groshev / Adobe Stock

Venezuela's state-run oil company PDVSA on Monday was loading a supertanker with crude and fuel for Cuba, maritime documents showed, an unusually large volume to help its political ally overcome an energy crisis with repeated blackouts.Several big electrical outages this year have left many in Cuba concerned about power supplies this summer, when residents crank up air conditioning to stay cool in the Caribbean heat.Cuban officials have blamed the intermittent power on difficulties processing heavy sour Cuban crude and fuel shortages on the island…

27 Jun 2022

Carnival Fined $5 Million for Cybersecurity Violations

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A New York state regulator on Friday fined cruise line operator Carnival Corp $5 million for "significant" cybersecurity violations, following four security breaches from 2019 to 2021 that exposed substantial amounts of sensitive customer data.New York's Department of Financial Services said Carnival violated a state cybersecurity regulation by failing to use multi-factor authentication that would make it harder for wrongdoers to access its internal network.It also said Carnival…

25 Jan 2023

Cargo Ship Sinks Off Japan, Leaving Two Dead, Nine Missing

(Photo: Japan Coast Guard)

Two people died and nine were missing after a cargo ship sank off southwestern Japan early on Wednesday amid fierce winter winds, the coast guard said, as it continued to search for survivors.Six people who were rescued remained unconscious, while five had revived as of 8:30 p.m. local time (1130 GMT), the Japan Coast Guard said, partly citing information from its South Korean counterpart.The 6,651-tonne Hong Kong-registered Jintian - which had 22 crew on board who were Chinese or Myanmar nationals according to media reports - issued a distress call late on Tuesday…

10 Aug 2022

Cuba Tames Mega Port Fire

© elephotos / Adobe Stock

Massive clouds of steam rose from Cuba's largest fuel depot in Matanzas on Wednesday as firefighters, helicopters and boats poured water and foam on the smoldering remains of the largest fire in the island's history.Black charcoal covered with white ash remained red hot after the flames died down. One firefighter was confirmed dead, and 14 were unaccounted for since blast on Saturday, according to authorities."We can now say that the fire is controlled," Lt. Colonel Alexander Avalos, deputy chief of the firefighters tackling the blaze, told the media at the scene.

19 Jan 2022

Delfin Plans Louisiana Floating LNG FID in 2022

Credit: Delfin LNG

U.S. liquefied natural gas (LNG) developer Delfin LNG said it plans to make a final investment decision (FID) to go forward with its Gulf of Mexico floating LNG export project off Louisiana in 2022."This is the best macro-environment that the LNG business has ever seen," Delfin Chief Executive Dudley Poston told Reuters this week, noting he was "very confident" the company would make FID this year.Delfin is one of a dozen or so North American LNG export projects that delayed decisions…

28 Nov 2022

Chevron Can Resume Key Role in Venezuela's Oil Output, Exports

© Vallehr / Adobe Stock

Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country's crude oil to the United States.The decision grants broader rights for the last big U.S. oil company still operating in U.S.-sanctioned Venezuela. However, it restricts any cash payments to Venezuela, which could reduce the oil available to export.License terms are designed to prevent state-run oil firm Petróleos de Venezuela, known as PDVSA PDVSA.UL, from receiving proceeds from Chevron's petroleum sales, U.S. officials said.

21 Apr 2022

Hydrogen-powered Ferry Prepares to Launch in San Francisco Bay

Sea Change (Photo: All American Marine)

The San Francisco Bay will soon have a new fossil fuel-free ferry floating in its waters, propelled completely by hydrogen fuel cells, and officials hope it heralds change on the high seas.Aptly named Sea Change, the 70-foot (21-meter), 75-passenger ferry will service multiple stops along San Francisco's waterfront. It was built at All American Marine shipyard in Bellingham, Washington, and was undergoing tests with the U.S. Coast Guard in nearby Puget Sound."We're here in the water…

02 Sep 2022

Pollution Fears Grow as Grounded Ship Leaks Oil off Gibraltar

(Photo: HM Government of Gibraltar)

Gibraltar struggled on Friday to minimize any environmental impact of a fuel leak from a bulk carrier three days after it collided with a tanker, as reports of oiled birds emerged and several beaches in Spain and the British territory flew red flags.The government of the enclave on the southern tip of Spain said all diesel fuel from tanks of the beached OS-35 had been removed.

15 Aug 2022

U.S. Offshore Oil Production Restarts after Pipeline Fix

A Shell Gulf of Mexico platform / Copyright: Mike Duhon Productions - Shell Photographic Services

A damaged oil pipeline component that disrupted output at several offshore U.S. Gulf of Mexico platforms was repaired late Friday, a Louisiana official said, with producers moving to reactivate some of the halted production.A failed flange connecting two onshore pipelines operated by Shell Plc in Louisiana leaked an estimated two barrels of oil. The oil, which spilled onto an area covered with gravel, has been removed, said Chett Chiasson, executive director of the Greater Lafourche Port Commission…

22 Nov 2022

KR Signs On to Help Bring Methanol Bunkering to Ulsan

(Photo: Korean Register)

Classification society Korean Register (KR) and Ulsan Port Authority (UPA) have signed an MOU to support methanol-fueled ships and establish the South Korean port as a low-carbon, eco-friendly energy hub.The agreement was made in response to the low-carbon energy transition underway in the shipping and port industries. Methanol is a clean burning marine fuel which produces 99% less sulfur oxides (SOx), 80% less nitrogen oxides (NOx) and 25% less greenhouse gases compared to conventional…