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Will the Effort to Reach Zero Emissions Go Nuclear?
On December 8, 1953 President Dwight D. Eisenhower addressed the 470th Plenary Meeting of the United Nations General Assembly. The speech he delivered is often recognized as his effort to introduce “Atoms for Peace”, a program to move nuclear fission and technology away from weapons development and into clean energy.As a result of that effort and program, the NS Savannah was built and delivered as the first nuclear-powered merchant ship.
CMA CGM Reports Drop in Quarterly Profit
CMA CGM said on Friday its profit fell in the third quarter as a COVID-era boom in shipping continued to fade, but its volumes picked up as a destocking trend in the United States was offset by brisk demand in other parts of the world.The French-based shipping giant was cautious about next year's outlook, with the prospect of a recovery in global trade - as U.S. firms finish destocking - tempered by expectations of modest economic growth and an influx of new vessels.CMA CGM…
Turkey Sends Field Hospital Aid Ship to Egypt for Gaza
Turkey said on Friday it had sent a ship loaded with field hospital equipment, ambulances and generators to Egypt to treat war casualties from Gaza, where Israeli's devastating siege has caused a humanitarian crisis with medical care collapsing."A total of 51 containers of medical supplies, generators and 20 ambulances, with necessary permissions, were loaded onto a ship from Izmir's Alsancak port and sent to Egypt…
US Shipbuilding: Policy and Progress
When asked about the top issues facing shipbuilders, executives at the Shipbuilders Council of America (SCA) listed a number of topics and concerns. SCA is the only national trade association representing U.S. shipyards engaged in the building and repairing of military and other government and commercial vessels, and companies providing goods and services to the shipbuilding industry.Shutdowns have consequencesMatthew Paxton and Paula Zorensky are, respectively, SCA President and Vice President.
Hapag-Lloyd Posts 77% Drop in Nine-month Net Profit, Cuts Outlook
German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months of 2023, down by 77% from a year earlier, and cut its forecasts for full-year earnings.Net profit was down from 13.8 billion euros in comparable 2022 when the shipping industry, a proxy for global trade, boomed amid post-pandemic recovery and because logistics disruptions drove up prices for consumers.This year…
Van Oord Awarded Offshore Wind Contracts in Baltic Sea and Taiwan
Van Oord has been awarded two new offshore wind projects: Baltic Power in the Baltic Sea and Greater Changhua 2b and 4 in Taiwan. The contracts have a combined value of more than EUR 500 million. Once operational, the two offshore wind farms will deliver renewable energy to approximately 2.5 million households.The Baltic Power offshore wind farm is being developed by a joint venture between ORLEN (Poland) and Northland Power (Canada).
US Working with Allies Over Sanctions on Russian Arctic LNG Project
The Biden administration is working closely with partner countries over sanctions on a Russian liquefied natural gas project in the Arctic as a January deadline looms on a wind down of transactions with the plant, a State Department spokesperson said on Wednesday.The U.S. imposed sanctions last week on the Arctic LNG-2 project in Russia as part of wide-ranging measures to punish Moscow for the war in Ukraine.
3D Printed Spare Part Cuts Downtime for Wallenius Wilhelmsen's RoRo Vessel
Pelagus 3D said Wednesday it had delivered a Return Oil Standpipe at Kobe, Japan, to be installed on Wallenius Wilhelmsen's RoRo vessel TYSLA. The collaboration involved Kawasaki Heavy Industries and Wilhelmsen Ship Management.Traditionally, the procurement, fabrication, and delivery of specific spare parts has been a time-consuming process, often leading to costly downtime for the maritime and offshore industries.
Ponant Enhances Connectivity on Luxury Icebreaker
Digital solutions company Marlink has partnered with LEO internet operator Eutelsat OneWeb to provide digital connectivity solutions to cruise company Ponant.Ponant will deploy the Eutelsat OneWeb service on its polar exploration icebreaker Le Commandant Charcot, providing guests and crew with high throughput and low latency internet access across the vessel’s itinerary.Leveraging Marlink’s expertise in smart hybrid networks…
White House Says Orsted Remains 'Committed' to US Offshore Wind
Denmark's Orsted is still "committed" to developing offshore wind farms in the United States despite the company's cancellation of two projects off the coast of New Jersey, White House senior advisor John Podesta told Reuters on Monday.Podesta spoke with the company after its shock decision last week, he said in an interview. The discussion underscores the Biden administration's keen interest in offshore…
Singapore Firm Orders Next-Gen Cable Ship Design
Singapore-based Megamas Resources, in partnership with Renaissance Technologies (RTM) has contracted Ulstein Design & Solutions AS to design a cable-laying and repair vessel. According to a press release issued Thursday, the decision to press ahead with the order was taken in view of the shortage of cable ships, as well as an aging fleet in the submarine cable industry. Megamas Resources plans to build two cable layers…
NYC Exploring Ways to Move More Freight Via Waterways
New York City is looking at ways to help shift freight transportation off of its busy roads and onto the waterways.The city's Department of Transportation (NYC DOT) and Economic Development Corporation (NYCEDC) on Wednesday jointly released a Request for Information and Expressions of Interest (RFEI) seeking private sector feedback to help it gauge industry challenges and opportunities, and explore…
Colonna's Shipyard's President & CEO Tom Godfrey to Retire. New CEO Named
Colonna's Shipyard said Wednesday that its President & CEO, Tom Godfrey, would retire effective December 31, 2023. Randall Crutchfield has been named to replace Godfrey as the company’s Chief Executive Officer (CEO). Crutchfield is currently Executive Vice President & Chief Operating Officer (COO). Additionally, Jordan Webb, currently Executive Vice President of Shipyard Operations, will become President & General Manager.
Maritime Safety Finds a Future in the Cloud
Orca AI, headquartered in Israel and founded in 2018, has a simple yet complex premise: develop and deliver an intelligent safety platform for the maritime industry to prevent collisions. To date it has attracted attention and business globally, working with SeaSpan, NYK, MSC, Shell Shipping and Marubeni amongst others. Maritime Reporter TV recently caught up Orca AI CEO and co-founder Yarden Gross for insights on the reality today…
US Offshore Wind Writedowns Seen Soaring with Orsted Earnings
European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days.Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its U.S. offshore developments due to supply chain problems…
St. Lawrence Seaway Reopens Following Tentative Deal to End Strike
The union representing St. Lawrence Seaway workers in eastern Canada said it reached a tentative labor agreement on Sunday, ending a week-long strike that shut down a key North American trade route linked to the Atlantic Ocean.The Unifor union, representing some 360 workers, said it agreed to a deal with the St. Lawrence Seaway Management Corp (Seaway) that would cover engineering, maintenance, and other worker groups in Ontario and Quebec provinces.Other details of the agreement…
Lloyd's Register to Classify Methanol-Ready North Star CSOVs
Lloyd's Register (LR) will classify two methanol-ready Commissioning Service Operations Vessels (CSOVs) being built by VARD for the UK-based offshore vessel operator North Star."The new tonnage will increase North Star’s offshore wind capabilities as it progresses its ambition to add 40 hybrid-powered SOVs to its fleet by 2040. The introduction of the two CSOVs will expand North Star’s capabilities…
Metal Shark Building Fireboats for Anne Arundel County FD
Louisiana-based boat builder Metal Shark is building two welded-aluminum fireboats for Anne Arundel County Fire Department in Maryland.The new 50 Defiant NXT monohull pilothouse fireboats were designed by Metal Shark’s in-house engineering team and are now under construction at the company’s Franklin, La. shipyard. The newbuilds were ordered to replace the department's 20-year-old main fireboat, Lady Anne, delivered from MetalCraft Marine in 2023.
Container Shipping Fleet gets 'Long in the Tooth'
Global container ship fleet is showing its age, reaching highest average age on record of 14.2 years.“Container ships have reached their highest average age yet at 14.2 years, the highest average age of the three main shipping sectors. The dry bulk fleet has an average age of 11.9 years whereas tankers on average are 12.8 years old,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The average…
Ocean Freight Shipping: Rough Seas Ahead, But Growth Still on the Horizon
The Xeneta Summit has heard the ocean freight shipping industry will find new ways of working together in the face of a volatile market.Stanley Smulders, Director of Marketing & Commercial at Ocean Network Express (ONE), took part in a keynote Q&A with Xeneta CEO Patrik Berglund during the Summit in Amsterdam this week to discuss the major challenges facing the industry.While there are rough seas ahead…