Abandoned Tug Sinks Near Seattle
A derelict tugboat began taking on water and sank Monday morning in Salmon Bay near Ballard in Seattle.The vessel, which had been abandoned for a number of years, was moored at a dock just east of the Hiram M. Chittenden Locks and tied off to two additional abandoned vessels at the time of the incident.The other vessels have been secured and do not present a hazard to maritime traffic, according to the U.S.
Valeura Energy Completes Modification of MT Jaka Tarub Vessel for Wassana Offshore Oil Field
Oil and gas company Valeura Energy said Monday that modifications to the MT Jaka Tarub crude oil storage vessel were complete, making the vessel compatible withā¦
Optimarin Expands into China to Boost BWTS Availability for Shipbuilders
Optimarin is setting up a manufacturing base in China to boost the availability of its ballast water treatment system (BWTS) for the Asian shipbuilding market. It also targets further retrofits of the existing fleet.The Norwegian BWTS supplier is now pursuing partnerships with several Chinese suppliers to focus on high-quality production of BWTS components at a reasonable cost for delivery to regional yardsā¦
Sempra Reaches FID on Port Arthur LNG Plant's Phase 1
U.S. power and gas utility Sempra Energy said on Monday the first phase of its proposed Port Arthur liquefied natural gas (LNG) export terminal received the financial greenlight to move ahead with investment firm KKR & Co agreeing to a minority stake in the project.Though KKR's investment was not disclosed, an infrastructure fund managed by it will buy a 25% to 49% indirect, non-controlling interest in the project.
Chevron-chartered Tanker Collides with Sanctioned Vessel in Venezuela
A Liberia-flagged oil tanker chartered by Chevron Corp had a minor collision with another vessel, the Bueno, in Venezuelan waters on Sunday, according to sourcesā¦
Headwinds for the Poseidon Principles
The Poseidon Principles provide a platform for financing shippingās sustainable future, but the technical guidance underpinning the initiative remains under scrutiny.In July 2023, the International Maritime Organizationās Maritime Environment Protection Committee (MEPC) will consider revising the UN agencyās strategy on greenhouse gas emissions from ships. Moving on from a current target to reduce CO2 emissions from ships by at least 50% by 2050ā¦
Event: Fastener Fair USA - Nashville, May 2023
Fastener Fair USA is back, taking place at Music City Center in Nashville, TN from May 16-17, 2023. This year's event promises to be bigger and better than ever, with new exhibitors, industry-leading products, and a range of educational and networking opportunities.Fastener Fair USA is a unique opportunity for members of the entire fastener supply chain to connect, network, and learn about the latest trends, products, and technologies in the industry.
Philippines Finds Sunken Fuel Tanker 3 Weeks after Spill
A leaking fuel tanker that sank off the central Philippines three weeks ago has been found using an underwater robot from Japan, a provincial governor said on Tuesday, as authorities sought more foreign help to address the oil spill.The discovery of MT Princess Empress, which was carrying about 800,000 liters (211,338 gallons) of industrial fuel oil when it capsized on Feb. 28 and eventually sank, was deemed crucial in stopping the spill, which reached shorelines in three provinces.
Stolt Tankers Buys Tanker Pair for Caribbean Trade
Stolt Tankers acquired two 15,000 dwt stainless steel chemical tankers built in 2018 and 2019 respectively. The ships will be named Stolt Condor and Stolt Tucan, joining Stolt Tankersā Inter-Caribbean service (SNICS) improving Stolt Tankersā service offering and capability for customers in the US Gulf and Caribbean markets. Stolt Tankers expects to take delivery of the vessels in Q2 2023.While the price was not revealedā¦
GEOxyz Opens US Office
Belgium-based offshore survey services provider GEOxyz announced it has opened its first office in the United States, located in New Brunswick, N.J., as it expands to serve the offshore wind energy industry on the U.S. East Coast"The renewable energy industry in the U.S. is an important market in full expansion and we are thrilled to establish a presence here," said Patrick Reyntjens, CEO of GEOxyz.
Enstructure Acquires Richardson Companies
U.S. marine terminal and logistics company Enstructure announced Monday that it has acquired Richardson Companies, a terminal and logistics company with primary operations in Port Houston and the Port of Mobile.Richardson handles a diverse mix of breakbulk cargoes, including steel products, forest products, and project cargo. The company operates approximately one million square feet of industrial warehousing in Houstonā¦
Wagenborg to Transport 107 Foundations for Ørsted's Offshore Wind Farms
Wagenborg Towage confirmed Monday that Jan De Nul had awarded it a contract for transporting 107 monopile foundations for Gode Wind 3 and Borkum Riffgrund 3 offshore wind farms in Germany to Eemshaven. Assisted by the tug āwaterlinesā, the first transports arrived in Eemshaven under agency of Wagenborg.In the upcoming months, Wagenborg will perform another 35 voyages with monopiles from Germany andā¦
Mackinac Island Ferry Set for Electric Conversion
A Mackinac Island passenger ferry will be converted to zero-emissions electric power with the help of a $3.06 million award from the Michigan Department of Environment, Great Lakes, and Energy (EGLE) Fuel Transformation Program (FTP) Part 2.Star Line, now known as the Mackinac Island Ferry Company (MIFC), will replace two 1988 diesel engines with two brand new electric propulsion motors on a ferryā¦
Baltic Dry Index Ticks Up on Capesize Jump
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Monday as rates for the larger capesize vessel segment rebounded.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 7 points, to 1,542.
Castor Maritime Sells 2007-built Panamax for $12.6 Million
Shipping company Castor Maritime announced it has sold the 2007-built Panamax bulk carrier Magic Rainbow to an undisclosed buyer for $12.6 million.The 73,593 dwtā¦
Strategic Marine Orders 100 Caterpillar Engines
Singapore-based shipbuilding group Strategic Marine announced it has placed an order with Caterpillar dealer Trakindo, for 100 of its Cat C32 engines.This follows its previous pre-order of 50 similar engines in May 2022 and is aimed at providing security to clients and avoiding long wait times for key components.While the engine supply chain disruptions of the past few years have been alleviated somewhat as global manufacturing catches up post-Covidā¦
French Strikes Continue to Block Refinery Shipments and LNG Terminals
Shipments of refined products from French refinery and depots were blocked on Monday by a 13th day of strike action, though some refineries operated with a reduced flow, a company spokesperson said.The industrial action is part of a nationwide movement against pension system changes that lift the retirement age two years to 64. The changes were forced through parliament without a vote last week.Thereā¦
Soo Locks to Open March 25 for 2023 Shipping Season
The Great Lakes' 2023 shipping season will commence on March 25 with the opening of the Poe Lock at 12:01 a.m., the U.S. Army Corps of Engineers, Detroit District announced.The operating season is fixed by federal regulation and driven in part by the feasibility of vessels operating in typical Great Lakes ice conditions.The Poe Lock closed January 16 to undergo critical repairs and maintenance during the 10 week-long winter shutdown.
Coast Guard Helicopter Airlifts Injured Worker from BP's Atlantis Platform
The U.S. Coast Guard medevaced a 28-year-old man from BP's Atlantis offshore platform Friday, about 130 miles south of Port Fourchon, Louisiana.Coast Guard Sector New Orleans watchstanders received a call at approximately 5:40 p.m. from a medic aboard the Atlantis requesting assistance to medevac a crewmember aboard the platform with an injury to his eye.Watchstanders coordinated the launches of aā¦
Getting the Work Right: Coordinating Money, Time and Big Projects
I. MoneyNo one ever said itās easy to understand federal budgets and spending plans. Nevertheless, a general sense of clarity and straightforwardness is critical for any review of public expenditures. This becomes more pressing when tracking revenue and expenditures linked to specific usersā fees, such as the $0.29/gallon fuel tax, paid by inland waterways operators. In 2021, the Inland Waterways Trust Fund (IWTF) held $221.5 millionā¦