Frost News

Norwegian offshore vessel operator Solstad Offshore's Normand Naley and Sea Frost platform supply vessels have been awarded five-year contracts by Equinor in the UK.Both contracts, of an undisclosed value, will be in effect for five years, starting in January 2023. The contracts include options for further extensions.The Sea Frost, which has been on contract with Equinor since 2017, will be upgraded with a battery-hybrid system and shore power as part of the contract. The Normand…

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…

U.S. grains merchant Archer-Daniels-Midland Co said on Tuesday it has carried out the largest soybean shipment in the history of the Ponta da Montanha Grain Terminal (TGPM), located in the northern Brazilian city of Barcarena, as it shipped 84,802 tonnes in a single vessel.It also represented the largest volume ever shipped on a grain vessel from ports located in the Amazon Basin, the company told Reuters."This showed us that we have one more option to move soybeans through the TGPM, using our own vessel...

Max Vekich was sworn-in today as a Commissioner of the Federal Maritime Commission for a term expiring June 30, 2026.First nominated by President Joseph R. Biden on June 24, 2021, and then again on January 4, 2022. He was confirmed by the United States Senate on February 10, 2022, and is the 43rd person to serve on the Federal Maritime Commission.“Commissioner Vekich assumes office when his lifelong experience working on the waterfront will be especially beneficial. He understands port and supply chain issues from the perspective of a worker on the frontlines of making cargo move.

Naval architecture, marine engineering and marine surveying firm The Shearer Group, Inc. (TSGI) announced two new additions to its team. The company has hired Colton Bonnaure and Jacob Frost as naval architects.Bonnaure graduated from Texas A&M University with a B.S. in Ocean Engineering and was the Senior Captain of the Texas A&M Human Powered Submarine Team, where he redesigned a new controls system for a one-man submarine. For his undergraduate research project, Bonnaure assisted…

Danish energy infrastructure investments firm Copenhagen Infrastructure Partners is looking to build what it says is Europe’s largest production facility of CO2-free green ammonia, with the final product aimed at the shipping and agriculture sector as a means to reduce emissions.The project will be located in the town of Esbjerg on the west coast of Denmark, where the facility dubbed "Power-to-X-facility" will convert power from offshore wind turbines to green ammonia. This will be used by the agriculture sector as CO2-free green fertilizer and by the shipping industry as CO2-free green fuel.

Chinese ports and marine safety authorities are on high alert as an expansion of sea ice makes it tougher for ships to berth and discharge at key energy product import terminals along the coast of northern Bohai Bay.A cold wave sweeping the northern hemisphere has plunged temperatures across China to their lowest in decades, boosting demand for power and fuel to historic highs in the world's largest energy consumer."The sea ice situation is more severe this year than the same period in previous years," said Wang Jun, a professor specializing in transport issues at Dalian Maritime University."It could impede sailing and docking for vessels, no matter how big they are."Weather officials warned against severe frost this week in the region, with sea ice stretching 45 to 55 nautical miles at Li

France will increase its military presence in the eastern Mediterranean, President Emmanuel Macron said on Wednesday, calling on Turkey to halt oil and gas exploration in disputed waters that has heightened tensions with Greece.The French leader voiced concern over "unilateral" exploration by Turkey in a call with Greek Prime Minister Kyriakos Mitsotakis, Macron's office said in a statement. It added that prospecting should "cease in order to allow a peaceful dialogue" between the neighboring NATO members.The standoff deepened this week with the arrival of Turkish seismic research vessel Oruc Reis in a disputed area of the Mediterranean…

Norway-based offshore support vessel operator Solstad Offshore has secured contracts and extensions for five of its platform supply vessels in the UK Sector of the North Sea.The longest term charters of the five have been awarded to Solstad Offshore by its Equnior's UK subsidiary Equinor UK Limited. Equinor has extended contracts for the platform supply vessels Sea Frost and Normand Skipper."Both vessels have been supporting Equinor's operations since July 2017 and January 2019 respectively.

Marine Highways Gain Traction in the Intermodal Supply Chain.In the United States, landside infrastructure is at a crisis point. Congestion at the big hub ports, exacerbated by imperfect intermodal interfaces with surface transport serving cargo hinterlands is at the heart of the matter. As politicians bicker over a possible infrastructure package, the Highway Trust Fund, funded by taxes on gasoline and diesel fuel, has continued its downward journey towards further deficits (now $144 billion). And, where countless U.S.

In its latest analysis of the marine coatings sector, UK-headquartered market analyst Frost & Sullivan’s has shown that increased development and adoption of more environmentally sustainable and durable antifouling coatings using higher priced chemistries is a fast-growing trend in the marine sector. In addition, Frost & Sullivan’s report, ‘Global Marine Coatings Market, Forecast to 2025’, says that the Asia-Pacific region is expected to dominate the market owing to its large…

After reopening its idle barge manufacturing operations earlier this year, Arcosa Marine’s Madisonville, LA, facility launched its first barge on July 25 to a welcoming crowd from the banks of the Tchefuncte River.The tank barge, E2MS 314, constructed for the family owned and operated E Squared Marine Service, LLC (E Squared), was christened by Kevin Morley of Frost Bank, after which Arcosa Inc. president, Thomas Faherty, addressed the crowd. “We are honored by E Squared’s continued trust in Arcosa Marine to deliver the highest quality inland barges to their fleet,” said Faherty.

Global marine coatings market to grow at a steady rate of 3.5% from 2018 to 2025 and reach $9.34 billion by 2025, said Frost & Sullivan.The Asia-Pacific region is expected to dominate the market owing to its large base of shipbuilding and dry-docking facilities, it added.The analysis reveals that the increased development and adoption of more environmentally sustainable and durable antifouling coatings using higher priced chemistries such as silicones and fluorosilicones will propel revenues and boost growth opportunities.“Most of the presently used antifouling coatings for marine applications contain biocides to mitigate the effects of bio-fouling over underwater components.

Shipping Container IoT visionary Loginno is adding another strong player, as Flemming Frost, 35-year veteran logistics manager, jumps in to assist in the creation of Contopia (a mesh of "Container" and "Utopia").Loginno is creating Contopia, the world’s Internet-of-Shipping-Containers infrastructure, by partnering with shipping companies to convert entire container fleets to IoT-enabled fleets, mining cargo, and voyage data through a patented low-cost device. This  initiative "The Contopia Factor," or TCF for short, to be revealed June 6th.A well-rounded manager with more than 35 years of business experience from the transport and logistics industry…

Wabash National Corporation, a diversified industrial manufacturer and a leading producer of semi-trailers and liquid transportation systems, announced the appointment of Melanie D. Margolin as Senior Vice President and General Counsel. She will oversee all of the company’s legal affairs worldwide in areas such as corporate, commercial, regulatory, intellectual property, ethics, compliance and litigation. She brings 21 years of legal experience in a myriad of substantive areas, both domestically and globally, which will allow her to provide proactive legal advice and develop policies and initiatives that foster Wabash National’s strategic growth plans. “I am pleased to welcome Ms.

In the Santa Barbara County Flood Control and Water Conservation District, the Thomas Fire Debris Flow Incident Emergency Dredging Project in the Carpinteria Salt Marsh needed a special dredge to make it happen. DSC Dredge was there. Carpinteria is a small California town approximately 80 miles north of Los Angeles. The town sits right on the Pacific Ocean with mountains just behind it. Unfortunately, this past year has been very difficult for this region. Wild fires ravaged the mountains and left the hills completely void of vegetation. There are small drainage canals that drain off the mountains to the Pacific. All along the beach is a housing development called Sandy Land. These homes are under threat due to mud slides from the mountains.

When the Siberian winter bites and the mighty Lena River freezes, workers at the Yakutsk shipyard brace for a backbreaking but vital task - 'vymorozka'.As Siberia's summer is so short, freighters must be kept moving while the river, whose 4,400 km (2,735 miles) carry the region's economic lifeblood, is navigable. Repairs must be done in winter, when the river is frozen and the ships are wedged tight in the ice.Vymorozka, which translates as 'freezing out', is the process of cutting away the ice from around a ship's hull with chainsaws…

France may intervene in the sale of the Saint-Nazaire shipyard by bankrupt South Korean shipbuilder STX if the French government's conditions are not met, Industry Minister Christophe Sirugue said. "The government is fully mobilised and will not hesitate to use all of the levers at its disposal," Sirugue told French daily Les Echos in an interview published on Friday. The French state, which owns a third of STX France and its western Saint-Nazaire shipyard, has a right of refusal on the sale of STX Offshore & Shipbuilding's majority stake once a winning bid has been selected, which is expected next week. Italy's Fincantieri is the sole bidder for the French assets, a source said on Dec. 27, and the Seoul bankruptcy court said only one offer had been received.

Port of Corpus Christi successfully priced and sold $216.2 million of Senior Lien Revenue Bonds. These bonds will be used for both the deepening and widening of the Corpus Christi Ship Channel as well as upcoming capital projects within the Port.Wells Fargo Securities acted as Lead Manager of a syndicate of underwriters including JP Morgan, Citigroup, and Frost Bank.“We are pleased with the level of interest the institutional investment community demonstrated for both series of our bonds.” said Sean Strawbridge, CEO of the Port of Corpus Christi. “This round of funding will help the Port of Corpus Christi further progress our ambitious…

Norwegian owner Solstad Offshore ASA informs it has been awarded a contract from Equinor for the two-year charter of the 2005-built platform supply vessel (PSV) Normand Skipper, and an extension for the 2013-built PSV Sea Falcon, for work in the U.K.The 92-meter Normand Skipper will commence in November or December 2018, Solstad said. The contract with Equinor UK Limited includes up to two years of options after the initial firm period.In addition, Equinor exercised a one-year option on the present Sea Falcon contract…

French President Emmanuel Macron said on Wednesday he wanted to review the terms of a recent deal to sell a large stake in the STX France shipyard to Italian group Fincantieri. Speaking at the launch of a new cruise ship, Macron said the STX France's shareholder structure should neither put jobs at risk nor jeopardise its capacity to win new business. "I want to see the initial balance agreed in April to be revised," Macron said, adding that he was nonetheless in favour of the tie-up with the Italian company.

I-Tech AB has been recognized as the technology innovation leader in the European marine biocides market, resulting in the company receiving the 2017 Technology Innovation Award from Frost & Sullivan. Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid market acceptance. Based on its recent analysis of the European biocides market, Frost & Sullivan found that the long-term environmental and economic benefits of using I-Tech’s unique bio-repellent antifouling ingredient…

Liquefied petroleum gas (LPG) carrier and tanker owner StealthGas has reported revenues of $38.4 mill in the fourth quarter of last year, an increase of 2.4% compared to 4Q16. The Greece-based company reported fourth-quarter net income of $748,000, after reporting a loss in the same period a year earlier. For the year, the company reported that its loss narrowed to $1.2 million, or 3 cents per share. Revenue was reported as $154.3 million. StealthGas board chairman Michael Jolliffe Commented that the 4Q 2017 was mixed. "On the one hand we are pleased that our core market of small LPGs shows clear signs of improvement, which should continue to leverage our earnings.