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Australia-based Woodside and South Korea’s SK E&S have signed a non-binding Memorandum of Understanding to enable studies on the potential development of a lower-carbon hydrogen value chain, including hydrogen, ammonia and other related products.Under the agreement, Woodside and SK E&S plan to jointly explore opportunities relating to long-term ammonia and hydrogen offtake arrangements; equity participation in ammonia and hydrogen production projects; and project engineering supply opportunities.In addition…

Infrastructure-related products and solutions provider Arcosa said it is seeing signs of improvement in the U.S. barge building business following several years of low order levels.The Dallas-based company said in its second quarter earnings report that it received approximately $81 million in new barge orders, including mostly hopper barges scheduled for delivery in 2024.Arcosa's barge backlog at the end of the quarter was $287.1 million, up from $131.8 million at the end of the second quarter of 2022.

Global freight movements continued to dwindle in the first two months of 2023 as manufacturers and distributors struggled to reduce excess inventories and cope with rising interest rates and increased caution among buyers.Container flows fell further in January and February compared with the same months a year earlier, showing the inventory-liquidation cycle was not over yet:Singapore’s seaborne container shipments were down 6% in February compared with a year earlier, one of the steepest falls since the first wave of the pandemic.Japan’s air cargo through Narita airport…

Humphrey Lau has been named as CEO of DESMI, a Danish manufacturer of pumps, pumping systems, environmental cleaning equipment and related products within flow technology. He will succeed Henrik Sørensen, who has decided to step down on December 1, after more than 26 years as DESMI CEO.Humphrey worked for 16 years with Novo Nordisk and Novozymes and 14 years with Grundfos where he most recently held the position of Group Senior Vice President, Global Industry Business. Among his global experience…

China and Russia have grown increasingly close in recent years, including as trading partners, a relationship that brings both opportunities and risks as Russia reels from tough new sanctions led by the West in response to its invasion of Ukraine.Total trade between China and Russia jumped 35.9% last year to a record $146.9 billion, according to Chinese customs data, with Russia serving as a major source of oil, gas, coal and agriculture commodities, running a trade surplus with China.Since sanctions were imposed in 2014 after Russia annexed Ukraine's Crimea…

Shipping data provider VesselsValue announced its latest green product that allows clients to access, customize and compare vessels’ energy efficiency ratings.This latest feature combines VV’s shipping data with the IMO’s framework to calculate the energy efficiency score for an individual vessel, whether existing (EEXI) or a newbuild (EEDI). It is available across bulkers, tankers and containerships, with the flexibility to customize inputs to recalculate a vessel's EEDI or EEXI score and compare ratings across fleets.In addition to Energy Efficiency ratings…

China has been buying U.S. soybeans at what seems like a breakneck pace for about two months now, increasing the probability of record U.S. exports to the Asian country over the next year.But while a record volume becomes more realistic as the sales pile up week after week, the lower price of U.S. soybeans relative to most prior years means that less ground is being covered when it comes to the Phase 1 trade deal, which is based on the exported value.Further, it has been only three years since China bought U.S.

Decades of innovation has earned Wing Inflatables its place among top manufacturers of sponsons, tubes, collars and rubber craft. While the company maintains this reputation today, the Wing Group has also grown beyond it after an ownership switch set in motion a number of major changes that have helped to both expand the company and alter its DNA.In past decades, under the leadership of founder and now-former owner Bill Wing, the California company and its polyurethane rafts and air-holding tubes, and later air/foam hybrid collar, had revolutionized the rigid inflatable industry.

Ukrainian wheat exports jumped nearly 50 percent in the week of April 11-17 despite a government warning that it could ban shipments if export rates are too high.Preliminary data from the APK-Inform consultancy on Sunday showed that Ukraine exported 319,000 tonnes of wheat last week, up from 217,000 tonnes a week earlier.Taras Vysotskiy, deputy economy minister in charge of agriculture, told Reuters last week that Ukraine, one of world's top grain exporters, was ready to ban wheat exports if sales exceed limits agreed with traders.APK-Inform said that the 2019/20 season's wheat exports had rea

Ukraine's biggest grain traders agreed on Monday to an economy ministry proposal to limit wheat exports to 20.2 million tonnes in the 2019/20 season to avoid a rise in domestic bread prices.Although Ukraine is a major grain exporter and its harvest largely exceeds domestic consumption, the coronavirus pandemic has led some countries to consider feed export restrictions.Ukrainian bakers and millers last week asked the government to limit exports of grain and related products to…

Due to the continuous growth of its South American operations, global logistics provider Dachser recently relocated both its Buenos Aires, Argentina regional office as well as its Santiago, Chile regional office to larger facilities.“The business in both Argentina and Chile is expanding and we simply outgrew our offices in these countries. We needed more employees, equipment and space to properly handle the business we have today as well as prepare for the growth we anticipate in these markets,” said Guido Gries, Managing Director Dachser Americas.

On October 3, 2019, Damen Shipyards Galati hosted a celebration marking the keel-laying of a Damen Marine Aggregate Dredger (MAD) 3500 for Hanson UK. The event was well attended by representatives of both Damen Shipyards Group and Hanson UK.The keel of the new MAD 3500 was laid at the Romanian yard a few days prior to the celebration, on September 20th. At this event, tradition was observed with the inclusion of four coins in the keel – a Romanian lei, a British pound, a Dutch guilder and a euro.The MAD is a new design from Damen that can dredge material at depths of up to -55 meters.

Energy services company Shawcor’s pipe coating division has entered into several contracts with an international EPC contractor to provide coating services for offshore pipeline projects.The projects include: Petrobras’ Mero in Brazil; ConocoPhillips’ Tor 2 in Norway; BP’s Atlantis in the Gulf of Mexico; Energean’s Karish in the Mediterranean Sea; Shell’s Powernap in the Gulf of Mexico; Equinor’s P1 and Duva in Norway.These projects will be executed within Shawcor’s network of coating facilities, including Serra in Brazil, Orkanger in Norway and Channelview in the United States during 2019-2020. Coating work under these contracts is…

Oil and oil-related shipments from Georgia's Black Sea port of Batumi dropped 24 percent in the first four months of 2019 from a year earlier, an official at a KazMunaiGas-operated terminal at the port said on Wednesday.Shipments of crude oil and refined oil products from Batumi have fallen in recent years, partly because Azerbaijan prefers to send its oil through the Baku-Tbilisi-Ceyhan pipeline or via its own terminal at the Georgian port of Kulevi, rather than from Batumi, which is operated by a Kazakh company.There were no shipments of crude oil, naphtha, jet fuel or vacuum gasoil from Batumi in January-April, the official, who did not want to be identified…

The Port of Thessaloniki becomes the first port to join the Green Award certification program in 2019 to attract and reward green high quality ships.Thessaloniki Port Authority, the operating company that manages the port, said in a press note that it will provide an incentive to Green Award ships calling at the port.The Port of Thessaloniki is one of the most important ports in South Eastern Europe, serving an enlarged hinterland of countries. Due to its advantageous geographical location and its excellent road links and train connections, it is the largest transit-trade port in the country and it services the needs of approximately…

A U.N. monitoring group wants to enlist the help of the world's biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said.The U.N. Security Council ramped up sanctions last year after North Korea said it had conducted missile tests that put the U.S. mainland in range of its nuclear weapons.Under the restrictions, Pyongyang is limited to importing 4 million barrels of crude and 500,000 barrels…

The chemical tankers market is projected to grow from USD 26.63 billion in 2017 to USD 33.11 billion by 2022, at a CAGR of 4.5% between 2017 and 2022, said a research report. The flourishing chemical industry and increasing use of water transportation for transferring chemicals from one place to another across the globe are the major driving factors for the growth of the chemical tankers market, said Report Linker. Chemical tankers market includes revenues earned through shipping of chemicals and related products. The growth of the chemical tankers market is expected to be adversely impacted by the political unrest in the Middle East & Africa region as this region is one of the leading markets for chemical tankers.

The Port of Indiana-Burns Harbor completed a landmark year in 2017 and is poised for significant future growth as a result of several historic developments. In addition to handling an 8 percent increase in cargo shipments in 2017, the port doubled the size of its bulk terminal, attracted a nationally-renowned stevedore in Metro Ports, handled its most valuable cargo ever, and announced a $20 million expansion made possible by earning one of only 10 "FASTLANE" small project grants awarded in the U.S. last year.

Wärtsilä has acquired Guidance Marine Limited, a technology leader within the marine industry for sensor solutions relating to dynamic positioning and other vessel control systems, such as collision avoidance and remote control operations. Wärtsilä said it is committed to providing technologies needed to enhance “intelligent” shipping, whereby digital solutions will improve the efficiency, safety and profit earning capabilities. According to Wärtsilä, the acquisition of Guidance Marine will enhance its capabilities in the areas essential for more intelligent vessel navigation such as situational awareness and near-field measurement.

The first ocean vessel of the year arrived at the Port of Indiana-Burns Harbor marking the official opening of the international shipping season. Port officials welcomed the 413-foot general cargo carrier BBC Mont Blanc and presented the captain with the Ports of Indiana Steel Stein. "The arrival of the first ocean ship of the new year is an exciting time not only for our port, but also for our port companies and numerous other regional businesses that rely on the cargoes these vessels carry," said Port Director Ian Hirt. "For northwest Indiana, the opening of the St.

Cosco Shipping International (Hong Kong) has seen its profit for the year ended December 31, 2016 drop 29 percent to HKD 236.5 million (USD 30.4 million) from HKD 362 million (USD 46.6 million) reported a year earlier. Although the company’s operating profit dropped to HKD 544.2 million for the full year from HKD 690.7 million reported in 2015, Cosco Shipping International said that its revenue for the period increased to HKD 7.4 billion from HKD 5.9 billion. In 2016, world economy has experienced deep adjustment, while international trade growth remained subdued. The international shipping market supply and demand remained unbalanced, while dry bulk shipping index and container freight rate index had hit a record low last year.

Competence is a crucial factor in the shipping business. Through its SeaSkill certification services DNV GL helps owners and operators, maritime training providers and test centres to advance crew training and ensure the highest levels of safety on board. The most sophisticated technologies are of limited use if not operated by people who command the appropriate skills. As maritime technology advances so do the demands on crews. Complex on-board systems, shorter turnover times in ports and the ambition to operate vessels as efficiently as possible, requires highly skilled seafarers. “Enhancing crew competence and establishing a strong safety culture is a key concern for many operators in the maritime and offshore sectors.

Marine insurance provider Skuld announces the appointment of Paul Knighton as global head of marine cargo and marine property. He will join Skuld Syndicate 1897 in the summer. Knighton will enhance Skuld’s well-established marine cargo and marine property portfolio by building its offering to clients. He will focus predominantly on developing a total solution product for ports, terminals and freight logistics operators. Knighton will join Skuld from the TT Club where he has been a senior underwriter since 2012. Prior to working at the TT Club, Knighton has held roles at Craven and Partners, Aon and Lockton. Ståle Hansen, Skuld president and CEO, said: ‘I am delighted to have attracted an underwriter of Paul’s calibre.