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Moose Boats Delivers New Catamaran to Westar Marine Services
California boatbuilder Moose Boats announced the delivery of its latest project, a 75-foot crew and cargo transfer vessel to San Francisco based Westar Marine Services.Moose Boats' biggest project to date, the catamaran will be used in the San Francisco Bay for passenger and cargo transfers. With a carrying capacity of more than 15,000 pounds of cargo and a passenger capacity of 28, the boat, christened the Madison Lynne…
Ineos Inks 20-year LNG Deal with Sempra Infrastructure
Britain's INEOS Energy, part of INEOS Group, has signed an agreement with U.S. firm Sempra Infrastructure for the supply of 1.4 million tonnes per annum of liquefied natural gas (LNG) from North America for 20 years, it said on Wednesday.It marks INEOS's entry into the global LNG market, with the volumes intended both for trading and supplying of INEOS' own industrial needs in Europe.The LNG will be delivered free-on-board…
Denmark Says Russian Warship Violated Its Territorial Waters
A Russian warship early on Friday twice violated Danish territorial waters north of the Baltic Sea island of Bornholm where a democracy festival attended by senior officials and business people was taking place, the Danish Armed Forces said.Denmark called the action an unacceptable provocation. The Russian embassy in Copenhagen said the Danes provided no evidence.The Russian warship entered Danish waters without authorization at 0030 GMT on Friday and again a few hours later…
Ukraine Says it Hit Russian Naval Tugboat with Harpoon Missiles
Ukraine said its forces hit a Russian naval tugboat with two Harpoon missiles in the Black Sea on Friday, the first time it has claimed to have struck a Russian…
Updates, Developments and Advances in Combat and Patrol Craft
My first visit in 2007 to the American Society of Naval Engineers’ (ASNE) Multi-Agency Craft Conference (MACC) was an eye-opener. Having built a naval architecture career with frigates, destroyers and other large naval and commercial ships, I was eager to learn of the smaller craft used by the U.S. Navy and other government and military bodies. As my flight into Norfolk, Va. descended over Chesapeake Bay…
Washington State to Rebid Hybrid-electric Ferries Contract
The Washington State Department of Transportation (WSDOT) will launch a competitive bid process for the construction of its next five hybrid-electric ferries after negotiations stalled with shipbuilder Vigor.Vigor, which has built a number of existing vessels for WSDOT's Washington State Ferries (WSF), is currently finalizing designs for the new ferry class and was also lined up to build the vessels…
Demand Grows for OSVs in the Offshore Floating Production and Storage Energy Sector
Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion of Ukraine. As a result, activity and business sentiment in the floating production…
Do California’s Proposed Harbor Craft Rules Threaten America’s Supply Chain?
Americans became aware of our nation’s supply chain problem when they witnessed a hundred cargo ships anchored off the ports of Long Beach and Los Angeles, stymied from moving cargo to store shelves throughout the United States. Such circumstances could become all too common, especially as recently adopted engine emission regulations force maritime companies out of the country’s most impacted ports…
Optimarin Maintains BWTS Deliveries Amid Supply Chain Challenges
Norwegian ballast water treatment systems manufacturer Optimarin said it has so far been able to overcome global supply chain challenges by leveraging a flexible delivery model for key components for its systems.While the world continues to deal with supply chain issues brought on by the COVID-19 pandemic and the Ukraine crisis, the company has implemented a dual-supplier strategy that has enabled…
Sinopec Fuel Oil Singapore Targets 50% Increase in Bunker Sales
Sinopec Fuel Oil (Singapore) Pte Ltd aims to raise its monthly bunker sales volumes by more than 50% after it received a license from the Singapore government this month, the company’s general manager said on Monday.Chinese refiners are expanding their foothold in the global marine fuels sector by increasing sales and output of 0.5% low sulphur fuel oil at key ports in Zhoushan, in China, and Singapore in recent years.The Maritime and Port Authority of Singapore (MPA) awarded the bunker license
Italy's Snam Buys Golar Tundra FSRU for $350M
Italian gas group Snam has agreed to buy Golar LNG's floating storage regasification unit (FSRU) Golar Tundra for $350 million.The Golar Tundra can operate both as an LNG carrier and as an FSRU.
First of Nine: Edda Wind Takes Delivery of Edda Breeze Vessel
Norwegian offshore wind services firm Edda Wind has taken delivery of its first CSOV, the Edda Breeze. The vessel was built by Astilleros Gondán shipyard in Spain.The hydrogen-ready vessel is the first to be delivered as part of a nine-vessel newbuilding program. The new Commissioning Operation Vessel (CSOV) will in August go on a ten-year contract with Ocean Breeze at the Bard Offshore 1 wind farm in Germany.
Ship Recycle Market Continues Downward Trend
The ongoing sub-continent collapse in prices fully materialized this week, with all sectors talking down the market and refusing to offer anew on any fresh tonnage whilst they wait for markets to stabilize. As the Ukraine conflict endures, fundamentals continue their collapse at all of the major recycling destinations, as plate prices take turns to precipitously plummet (in India this week) and a combination…
How Much Oil Does the EU Import from Russia?
The European Union has agreed to ban the bulk of imports of Russian crude and oil products in its latest round of sanctions following Moscow's invasion of Ukraine.The ban on seaborne crude imports will be phased in over six months and for seaborne refined products over eight months. It excludes deliveries via the Druzhba oil pipeline which supplies refineries in Eastern Europe and eastern Germany.Yet…
EU Agrees Gradual Russian Oil Embargo, Gives Hungary Exemptions
European Union leaders have agreed an embargo on Russian oil imports that will start kicking in towards the end of the year and which exempts, for now, pipeline imports that Hungary and two other landlocked Central European states rely on.The toughest sanction yet on Russia for its invasion of Ukraine, agreed overnight after weeks of wrangling, aims to remove 90% of Russia's crude imports into the 27-nation bloc by year-end…
Floating Production Market Going Gangbusters
The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion of Ukraine. As a result, activity and business sentiment in the floating production sector have seldom been stronger. Brent crude has been trading above $100 over the past three months, generating record profits for E&P operators -- providing an incentive to increase…
Oil Prices Climb above $120 a Barrel ahead of EU Meeting on Russian Oil Ban
Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months, as traders waited to see whether a European Union meeting would reach an agreement on banning Russian oil imports.The Brent crude futures contract for July, which will expire on Tuesday, was up 59 cents, or 0.5%, at $120.02 a barrel at 1100 GMT. The August Brent contract, which is more active, rose 74 cents, or 0.6%, to $116.30 a barrel.U.S.
World’s Biggest Port is Returning to Normal, but Supply Chains Will Get Worse Before They Get Better
Shanghai is slowly emerging from a grueling COVID lockdown that has all but immobilized the city since March. Although Shanghai’s port, which handles one-fifth of China’s shipping volumes, has been operating throughout, it has been running at severely reduced capacity. Many shipments have either been canceled, postponed, or rerouted to other Chinese mega-ports such as Ningbo-Zhousan.With the city due to fully reopen on June 1…
Aibel's Yard in Thailand Wraps Work on Dogger Bank A Topside
Norwegian engineering and construction firm Aibel's yard in Thailand has completed the construction of the Dogger Bank A wind farm substation topside, in what is the first ever HVDC converter platform exported from Thailand.Loaded on a BigLift heavy transportation vessel, the topside is now en route to Haugesund, Norway where further equipment will be installed ahead of the installation at its final offshore location at what will be the world's largest offshore wind farm…
French Shipping Firm CMA CGM to Buy Stake in Air France-KLM
French shipping firm CMA CGM will take a stake in Air France-KLM as part of an air cargo partnership, betting on growing demand for flying goods around the world as supply chains remain snarled in the wake of the pandemic.CMA CGM will take up to 9% of Air France-KLM, worth about 240 million euros ($252 million) based on Tuesday's closing price, part of a possible capital increase by the airline group for the duration of their partnership that is initially set to run for 10 years…