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Wally News

20 Dec 2023

Russia Oil Price Cap Coalition Toughens Shipping Rules

© AUUSanAKUL+ / Adobe Stock

The U.S.-led coalition imposing a price cap on seaborne Russian oil announced changes on Wednesday to its compliance regime the Treasury Department said will make it harder for Russian exporters to bypass the cap.The Treasury also imposed fresh sanctions on a ship manager owned by the Russian government and three oil traders involved in Russian oil trade.The Group of Seven (G7) industrialized countries last year imposed a price cap of $60 per barrel on Russian oil shipments in…

16 Nov 2023

US Sanctions Maritime Companies, Vessels for Shipping Oil Above Russian Price Cap

© Kalyakan / Adobe Stock

The U.S. on Thursday imposed sanctions on maritime companies and vessels for shipping Russian oil sold above the G7's price cap, as Washington seeks to close loopholes in the mechanism designed to punish Moscow for its war in Ukraine.The U.S. Treasury Department in a statement said it slapped sanctions on three United Arab Emirates-based companies and three vessels owned by them in the action, accusing the vessels of engaging in the export of Russian crude oil priced above the $60 a barrel cap.

22 Dec 2022

US Gives Grace Period to Cargoes Under Russia Oil Product Price Cap

© Vladimir / Adobe Stock

The U.S. Treasury Department said late on Wednesday that shipments facing the G7's upcoming price cap on oil products such as diesel and gasoline from Russia will have a grace period to arrive at their destination.G7 democracies and Australia are planning to cap prices on two oil products from Russia from Feb. 5 as part of their effort to reduce Moscow's export revenues as it wages war in Ukraine. The move will follow the G7's cap on Russia's seaborne crude oil exports that went into effect on Dec. 5.The measures seek to limit Russia's revenues gradually.

09 Dec 2022

20 Oil Tankers Wait to Cross Istanbul's Bosphorus Strait

©Wilding/AdobeStock

One more tanker took to 20 on Friday the number of vessels waiting in the Black Sea to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean, the Tribeca shipping agency said, amid talks to disperse the build-up.On Thursday, dismissing pressure from abroad over the lengthening queue, Turkey's maritime authority said it would continue to keep out of its waters oil tankers that lacked the appropriate insurance letters, and it needed time for checks.Eight tankers were also waiting for passage through the Dardanelles strait into the Mediterranean…

07 Dec 2022

Western Officials in Talks with Turkey Over Oil Tanker Delays

© Dmytro / Adobe Stock

Western officials are in talks with Turkish counterparts to resolve oil tanker queues off Turkey, a British Treasury official said, after the G7 and European Union rolled out new restrictions on Dec. 5 aimed at Russian oil exports."The UK, U.S. and EU are working closely with the Turkish government and the shipping and insurance industries to clarify the implementation of the Oil Price Cap and reach a resolution," the official told Reuters."There is no reason for ships to be denied access to the Bosporus Straits for environmental or health and safety concerns."The G7 group of countries…

01 Dec 2022

EU Tentatively Agrees $60 Price Cap on Russian Seaborne Oil

© Jari Aherma / Adobe Stock

European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil - an idea of the Group of Seven (G7) nations - with an adjustment mechanism to keep the cap at 5% below the market price, according to diplomats and a document seen by Reuters.The agreement still needs approval from all EU governments in a written procedure by Friday. Poland, which had pushed for the cap to be as low as possible, had as of Thursday evening not confirmed if it would support the deal…

14 Jan 2021

Chouest's LaShip Shipyard Adds New Welding Robot

Edison Chouest Offshore's LaShip shipyard (Photo: Pemamek)

Finnish welding and production automation company Pemamek said it delivered a new welding robot station to Edison Chouest Offshore's (ECO) LaShip shipyard in Louisiana.The newly commissioned PEMA VRWP-C robot station is a compact solution to automatize micro panel welding, but also other small-to-medium-sized constructions. The system is based on PEMA WeldControl 200 which enables easy weld path creation and robot programming.“The beauty of the PEMA VRWP-C is that it is fast to commission and easy for the customer to learn to use it…

28 Apr 2020

EU's Piracy Fight Continues Amid COVID-19 Crisis

(Photo: EU NAVFOR)

The European Union's counter-piracy military force said it continues to patrol and work with global partners to fight piracy at sea during the coronavirus pandemic. Seafarers face continuing threats from pirates and armed robbers, says the ICC International Maritime Bureau (IMB), who reported 47 attacks in the first three months of 2020, up from 38 in the same period last year. Pirates boarded 37 ships in the first quarter of 2020.EU NAVFOR said ATALANTA remains full mission capable and ready to deter…

09 Oct 2019

Ferretti New Order Book Touches $510Mln

The Ferretti Group announced that it has gained new orders worth $510.1 million (465 million euros) during the first nine months of the year, up 18 percent compared to the same period in 2018.The Italian boatbuilder said in a press statement that its Wally brand helped increase its order book. It also signed contracts for 16 coastal patrol boats in its Ferretti Security Division."These positive results have benefited from the launch of five new models under our Riva, Pershing, Ferretti Yachts and Custom Line brands, as well as from the relaunch of the Wally brand, which we acquired in April this year. In particular, our first serial model under the Wally brand…

16 Apr 2019

Ferretti's Owner Aims to List Yacht Maker

Photo courtesy of Ferretti Yachts

Chinese conglomerate Weichai Group, which owns a near 87 percent stake in Ferretti, plans to list the luxury yacht maker but has still to decide a timetable for the deal, the Italian firm's chief executive said on Tuesday."The listing is an opportunity," Ferretti CEO Alberto Galassi said. "Our Chinese investor sees it as a natural evolution of its investment."He added that the formal process for the initial public offering had not yet started, and that it could be difficult to complete the deal by year-end."It is up to shareholders to decide…

14 Jun 2017

US Navy: Bigger is Better, but at What Cost?

U.S. Navy forces and the Japan Maritime Self-Defense Force routinely train together to improve interoperability and readiness to provide stability and security for the Indo-Asia Pacific region. (U.S. Navy photo by Z.A. Landers)

The U.S. Navy has a balanced fleet, but it wants to grow bigger and better. Will the budget allow both? Maritime Reporter's March 2017 cover story on the U.S. Navy was all about the numbers. There exists several plans to grow the fleet beyond the current number of 308 ships, the Mitre recommendation of 414 ships, the Center for Strategic and Budgetary Assessment 340-ship proposal, and the Navy’s decision to grow the fleet to 355 ships, and the Trump administration’s 350. With so many numbers being bandied about, there are even more suggestions on how to get there.

08 Mar 2016

This Day In Naval History - March 8

Image: US Library of Congress

1822 - Crew from the schooner Enterprise capture and burn seven small pirate vessels off Cape Antonio, Cuba. 1862 - The ironclad CSS Virginia destroys the wooden ships USS Cumberland and USS Congress in Hampton Roads, Virginia. 1943 - PBY-5 Catalinas from VP-53 sink German submarine U 156 east-northeast of Trinidad. 1945 - Phyllis Daley becomes the first African-American ensign in the Navy Nurse Corps and serves at the Naval Dispensary at Boston, Mass. 1945 - Navy patrol bombers hit a Japanese convoy, sinking cargo vessel No. 21 Yusen Maru in Formosa Strait. 1950 - Operation Portrex begins.

21 Jan 2016

Barges Hit Bridge on the Mississippi

The U.S. Coast Guard is responding to a barge allision at mile marker 435.8 on the Mississippi River near Vicksburg, Miss., Wednesday.   Watchstanders with Coast Guard Sector Lower Mississippi River received a call at 10:19 a.m., stating the towing vessel Wally Roller allided with the Vicksburg Railroad Bridge.   All six barges were reported to have broken free and have now been safely accounted for, and traffic has resumed.   The Vicksburg Railroad Bridge will remain closed until a safety inspection is completed by the Vicksburg Bridge Commission and the State of Mississippi.   The Coast Guard said it is evaluating additional navigation safety measures in order to reduce the potential for future marine accidents.   The cause of the incident is under investigation.

20 Feb 2015

Crowley Aids US Military's African Ebola Mission

Crowley's Bleu Hilburn and Tony Ortiz in front of the company's chartered ship Vega (Photo courtesy of Crowley Maritime Corp.)

For the past six months, Crowley Maritime Corporation has provided critical logistics services in support of Operation United Assistance (OUA), the U.S. military’s mission to fight the Ebola virus epidemic in West Africa, the company announced today. Specifically, Crowley has supplied emergency shipping, warehousing, trucking, stevedoring, customs brokerage and other logistics capabilities, first to the U.S. Government’s Defense Logistics Agency (DLA) and now to the U.S. Army in both Liberia and Senegal, Africa. These efforts have supported the more than 3,000 deployed U.S.

06 Jun 2014

BAE Systems Gets USNS Wally Schirra Overhaul Contract

U.S. Department of Defense announces the award of a Navy US$10,354,523 contract to BAE Systems San Francisco Ship Repair, San Francisco, California, for work on the USNS  Wally Schirra (T-AKE 8). The firm-fixed-price contract is for a 58-calendar day regular overhaul and dry docking availability of USNS Wally Schirra. Work will include inspection of the propeller shaft and stern tube, bow thruster repairs, installation of the cloropac unit, upgrades to the electronic chart display and information system radar, underwater hull cleaning and painting, modification to the anchor windlass foundation and removal, repair and re-installation of hazardous material containers.

20 Jun 2013

Alnmaritec Announce Partnership with Sculli

Sketch produced by Mauro Sculli

U.K. shipbuilder Alnmaritec announced a new exclusive alliance with the Italian design company Studio Sculli. Based in Sarzana near La Spezia, the studio is lead by Mauro Sculli - formerly Design Manager for the world renowned Wally Yachts - and has to date specialized in design and support for the Italian Super yacht industry. In this new development, the worlds of commercial boats and super yachts are to be fused together. Studio Sculli is to be engaged full-time in working…

28 Feb 2013

USS Guardian Update

USS Guardian, Jascon-25: Photo credit The Philippines Coast Guard

Ship's funnel removed, mast section to be lifted off next. As weather conditions seem to be fine near Tubbataha Reef, salvaging operation of the USS Guardian that ran aground last month along a portion of the UNESCO World Heritage reef continues as the team  starts to prepare for level 2 section lifting. Commodore Enrico Efren Evangelista, Philippine Coast Guard (PCG) Palawan district commander and chief of Task Force Tubbataha said that the operations currently on-going for the clearing of equipments below weather deck as well as the removal of sonar winch at the bow…

05 Feb 2013

Crowley & Titan Salvage Complete 'Sandy' Relief Projects

S.S. Wright Award: Photo credit Crowley

Crowley Maritime Corp. & subsidiary TITAN Salvage look back on their comprehensive work in response to Hurricane 'Sandy'. The storm devastated the U.S. Northeastern coast in late October 2012, and the companies were fully involved in support of relief organizations working in the areas hardest hit by 'Sandy'. The combined response efforts provided by Crowley and TITAN were extensive. Shortly after the storm, the S.S. Wright, a Crowley-managed, Maritime Administration (MARAD) Ready Reserve Force ship…

25 Sep 2012

Scholarship Fund Launched by US Coast Guard Foundation

Coast Guard Foundation Wally Hickel, Jr. Presentation

The non-profit Coast Guard Foundation establishes the Walter Joseph Hickel, Jr. Scholarship Fund at its recent Alaska Awards dinner. “I am very honored to announce the establishment of the Walter Joseph Hickel, Jr. Scholarship Fund,” said Robert J. Flynn, chairman, Coast Guard Foundation. “This fund will provide scholarship assistance for Coast Guard families stationed in Alaska. The funds raised through the dinner helped build the Coast Guard Foundation Family Recreation Center in Kodiak…

14 Sep 2012

Towering Mast Fitted to Sailing Superyacht

'Better Place' Construction: Photo courtesy of Wally

Wally-built yacht 'Better Place' sails the Mediterranean with a Hall Spars 67.5 m (221.4 ft) high modulus carbon mast. Wally, a leading builder of innovative state-of-the-art sail and power yachts, has successfully launched the stunning Bugatti blue colored 50-meter sailing yacht Better Place, the world’s largest sloop in carbon fiber, developed on the lines of Tripp Design with the interiors by Wetzels Brown Partners, and mast and boom by Hall Spars. This Hall Spars Rig (mast and boom) weighs 42 tons.

24 Apr 2012

"The Future of Our Oceans"

Dr. Stephen M. Coan (Courtesy of the Sea Research Foundation)

On April 23, 2012, Dr. Stephen M. Coan delivered remarks entitled “The Future of Our Ocean”, part of the Open VISIONS Forum Lecture Series and presented at the Regina A. Quick Center for the Arts, Fairfield University, Fairfield, Conn. Following is the text of his speech. Water sustains life on Earth, and the health of our oceans, lakes, rivers, streams and marshlands, which cover 70% of the planet’s surface, is critically important to global economic and human health. Imagine this vast environment and what it could mean for us if we were able to better harvest food…

02 Feb 2012

Ranger Tugs Delivers 100th R29

Wefings Marine Celebrates Sale of the First and 100th R29. Ranger Tugs is pleased to announce the delivery of the 100th Ranger Tug 29 to her new owners. The 100th boat was sold by Marc Grove, owner of Wefings Marine, the Apalachicola, Florida-based Ranger Tugs dealer. Marc was also responsible for the sale of the first R29 in 2009 which was also Wefings Marine’s 100th anniversary year. The R29 was introduced in 2009 and has remained a popular model of the trailerable trawlers since her debut. Marc sold the 100th hull at the 2011 Ft.

07 Apr 2011

NY State Canal Corporation Boosts Earth Day Event

Volunteer groups and individuals are invited to join the New York State Canal Corporation staff for the annual Canal Clean Sweep, scheduled for the weekend of April 15-17, 2011. The events along the 524-mile-long Canal system help celebrate Earth Day and to prepare the canals for the regular navigation season that is scheduled to begin on May 1, 2011. Brian U. Other partners for the "Canal Clean Sweep" include the private Parks and Trails New York and the New York State Environmental Facilities Corporation. Last year more than 90 groups participated in the clean-up weekend. For more information on the Sixth Annual Canal Clean Sweep, or to help coordinate an event in your community, please contact Wally Elton of Parks and Trails New York at (518) 434-1583 or email [email protected].