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Speed a Factor in Tug and Tanker Collision -NTSB
A tugboat maneuvering near a transiting tanker in the Corpus Christi Ship Channel was drawn in toward the tanker, leading to a collision, the National Transportation Safety Board (NTSB) said Tuesday.The tugboat Mark E Kuebler and the tanker Nisalah collided in the channel near Ingleside, Texas, on January 22, 2023. The tugboat’s hull was breached by the tanker’s propeller, which was also damaged in the collision. The collision resulted in nearly $7 million in damages.
Philippines Summons China Diplomat Over 'Aggressive' Actions in South China Sea
The Philippines summoned China's deputy chief of mission in Manila on Tuesday to protest what it called "aggressive actions" by Chinese naval forces against a resupply mission for Filipino troops stationed on a South China Sea shoal.Manila's South China Sea task force said Philippine vessels carrying out the routine mission to the Second Thomas Shoal were "harassed (and) blocked" by Chinese maritime militia and coast guard ships on Tuesday.Chinese coast guard ships fired water cannon…
Egypt's Non-oil Business Sector Hurt by Suez Canal Disruption
A downturn in Egypt's private sector activity deepened in February as a drop in Suez Canal freight due to attacks on shipping in the Red Sea worsened a long-running foreign currency shortage, a survey showed on Tuesday.The S&P Global Purchasing Managers' Index (PMI) for Egypt slipped to 47.1 in February from 48.1 in January, remaining below the 50.0 threshold that separates growth from contraction for a 39th consecutive month.The overall index reading was the lowest for 11 months…
After Failed Voyage, 14,500 Australian Livestock Sail Again for Israel
Around 14,500 livestock sailed from Australia to Israel on Sunday for the second time, two months after their first voyage was curtailed by the threat of attack by Houthi militants in the Red Sea.The animals left Fremantle port in Perth on Jan. 5 but halfway to the Middle East, their ship abandoned its route and was ordered home by the Australian government.The turn-back was part of the havoc wrought…
Recycling Market Still Deprived of Tonnage
As freight markets push further on, global ship recycling markets remain deprived of tonnage, making it an increasingly suffocating environment for ship recyclers to operate in, reports cash buyer GMS.Bangladesh and Pakistan rely heavily on imported ship’s steel, not only for domestic / large-scale infrastructure projects, but also for its comparatively ‘healthier’ and ‘rust-free’ condition than other forms of imported scrap metal / steel (HMS 1…
Esgian Week 9 Report: Dolphin, Diamond and Seadrill Updates
Esgian reports rig-related updates from Dolphin Drilling, Diamond Offshore, and Seadrill in its Week 9 Rig Analytics Market Roundup.Report Outline:ContractsDespite Tullow Oil’s recent announcement that it would take a break from drilling offshore Ghana, Noble Corp. has stated that there has been no contract termination announcement and that its 12,000-ft drillship Noble Venturer is currently still…
Animal Welfare Groups Decry Bahijah Re-Export Decision
The Australian Alliance for Animals and the RSPCA have expressed dismay over the decision by Australia’s Department of Agriculture to allow the re-export of more than 15,000 sheep on board the Bahijah to the Middle East.Originally, 16,000 Australian sheep and cattle were onboard the Bahijah for over a month after the vessel departed from Australia and then turned back from the Middle East due to maritime security concerns in the Red Sea.
Babcock Tallies Contract to Refit UK Nuclear Submarine
Babcock International Group and the UK’s Submarine Delivery Agency (SDA) have agreed a full cost recovery contract worth an estimated £560 million to undertake the planned deep maintenance and life extension program for HMS Victorious, one of the UK’s Vanguard Class nuclear submarines.The multi-year life extension program will deliver HMS Victorious back to the Royal Navy modernized and improved, enabling it to continue operational patrols well into the 2030s.
US Offshore Wind: Down but Not Out
“The winds of change are blowing wild and free.” – Bob DylanIn the U.S. offshore wind industry, developments over recent months have placed an exclamation point on the word “wild”. Yes, the wind still blows “free”, but mounting challenges have proven that harnessing its power offshore is anything but. In fact, far from it, as rising materials costs, high interest rates, labor shortages and supply chain delays…
Japan Continues to Lead Shipowner Rankings
VesselsValue has unveils this year’s top 10 shipowning nations, reviewing the total asset values for vessels by beneficial owner country. From Japan's resolute leadership in the top position with a USD 206.3 billion fleet to the emergence of Hong Kong at USD 44.7 billion, asset values and ownership strategies have changed considerably over the last 12 months, says Rebecca Galanopoulos-Jones, Senior Content Analyst…
IMO’s PPR11 Agrees Guidance on Key Environmental Issues
The IMO’s Sub-Committee on Pollution Prevention and Response (PPR 11) agreed new guidance on several key environmental issues.Meeting from February 19 to 23, 2024, the following guidance will now be submitted to the Marine Environment Protection Committee for approval this March (MEPC 81) and October (MEPC 82):• the safe transport of plastic pellets by sea• best practices for cutting black carbon emissions…
Herculaneum Port Site Cleared for Redevelopment as Intermodal Hub
A 300-acre property along the Mississippi River in Herculaneum, Missouri recently received Port District zoning making way for redevelopment as an intermodal transportation hub and industrial park.Located on the shipping lanes of the Mississippi River, the site has been utilized since the 1700s as a port. With its easy access for barge loading and offloading and the site’s proximity to early lead mines in adjacent Washington County…
USS Hershel “Woody” Williams Maintenance Completed in Croatia
The Lewis B. Puller-class expeditionary sea base USS Hershel “Woody” Williams (ESB 4) completed its routine planned maintenance in Rijeka, Croatia Feb. 8, 2024 at Viktor Lenac Shipyard.Military Sealift Command, Europe and Africa (MSCEURAF) and Forward Deployed Regional Maintenance Center (FDRMC) executed the ship’s planned Mid-Term Availability (MTA), a depot-level maintenance period, to maintain safety…
Swire Shipping Opens Branch Office in Japan
Swire Shipping commemorated the opening of its new Japan branch office in Tokyo on February 21,2024 with an event at The Palace Hotel in Tokyo, marking Swire Shipping’s official return to Japan with a physical presence.A highlight of the evening was the Kagami-biraki ceremony – the customary breaking open of a sake barrel – a tradition steeped in respect and appreciation. Esteemed long-serving former employees of Swire…
Ship Recycling Market Faces Tonnage Shortage
Global ship recycling markets are now being exclusively driven by the relentless and futile shortage of tonnage that is expected to continue until Spring (at the very least), says cash buyer GMS.“The much-anticipated rebound in global recycling volumes that so many in our industry had been waiting (hoping) for before the turn of the year, has unfortunately failed to materialize.”Markets in Turkey and India remain well off the competitive pace…
Three Questions: Matt Tremblay, VP, Global Offshore Markets, ABS
The American Bureau of Shipping dominates the global market in the classification of Floating Production. Offshore Engineer recently sat with Matt Tremblay, ABS’ Vice President of Global Offshore Markets, at American Bureau of Shipping HQ in Houston for his insights on market drivers and technical trends in this dynamic market.Matt, big picture, how do you see the Floating Production market developing in the coming years?At a macro level…
The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond
2023 was the first year of real recovery for owners in the offshore supply market and yet we have barely skimmed the surface of what’s to come.The market is still on an upward trajectory with charter rates accelerating month-by-month, availability changing day-by-day, leading to earnings doubling and, in some segments, tripling since the lows of 2020. Current rates will remind many of the glory days of pre-2014 with the demand for OSVs projected to remain elevated for years to come.In general…
Biden Executive Order Targets Cybersecurity at US Ports
President Biden on Wednesday signed an Executive Order aiming to strengthen cybersecurity at U.S. ports amid growing threats to America's vital maritime supply chains.The directive bolsters the Department of Homeland Security’s authority to address maritime cyber threats, including through the creation of new standards to ensure the security of networks and systems throughout the nation’s marine transportation system (MTS)…
China Coast Guard Boarded Taiwanese Boat Near Frontline Islands
Chinese coast guard personnel briefly boarded a Taiwanese tourist boat near Taiwan-controlled islands next to China's coast on Monday, the government in Taipei said, in an escalation of tensions after China said it would carry out regular patrols.China announced on Sunday that its coast guard would strengthen law enforcement activity around the Kinmen islands following the death of two Chinese nationals fleeing Taiwan's coast guard having entered into prohibited waters too close to Kinmen, which
GMS: Ship Recycling Market Still Slow
Despite Chinese new year holidays concluding on Friday, a pervading theme of an unrelenting dearth in the overall availability of tonnage across global ship recycling markets has been enduring for several quarters now, says cash buyer, GMS.This has resulted in another dreary week of market inactivity and silence across all recycling destinations.Charter rates continue to remain artificially elevated (especially) in the dry bulk sector…