Hapag-Lloyd CEO: Bounce in Shipping Demand Short-lived
Germany's Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent months, but the company on Tuesday reiterated its more muted outlook for the industry as pandemic disruption fades.The container business, a bellwether of global economic trends, had seen a noticeable contraction in demand in September and October as economies around the world grappled with sharply spikingâŠ
Turkey Strikes Deal on New Crude Tanker Insurance Regulations
Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring crude oil tankers to present an insurance confirmation letter before transiting Turkish straits.The Turkish measures, which came into effect on Dec. 1, require vessels to provide proof of insurance for the duration of transit through the Bosphorus or when calling at Turkish ports.The regulation has caused shipping delaysâŠ
EEW-AOS to Build Monopiles for Atlantic Shores Offshore Wind Farm Off New Jersey
U.S. offshore wind developer Atlantic Shores, a 50:50 partnership between Shell and EDF, has executed a Pre-Commitment and Capacity Reservation Agreement (PCCRA) with EEW American Offshore Structures Inc. (EEW-AOS) to serve as the manufacturing company for monopiles on its 1.5 GW offshore wind project.Located approximately 10â20 miles off the coast of Atlantic City, New Jersey, Atlantic Shores Project 1 will generate electricity for more than 700âŠ
Great Ships '22: Deepwater Atlas, âWorldâs First Eighth-Gen Ultra-Deepwater Drillshipâ
Marijana Sosic, Manager, Technical Marketing at Transocean, discusses some of the outstanding features of the Deepwater Atlas â Built in Singapore at Sembcorp Marine's Jurong Shipyard and flying the Marshall Islands flag â and sister-ship Deepwater Titan , which together represent an investment of more than $2 billion.The Deepwater Atlas was launched this year in Singapore. What, specifically, is soâŠ
Eight Oil Tankers Wait to Pass through Istanbul's Bosphorus Strait
The number of tankers waiting to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean fell to eight on Tuesday from 13 a day earlier, the Tribeca shipping agency said, in a further easing of the recent build-up in traffic.A Turkish measure in force since the start of the month has caused shipping delays. It requires vessels to provide proof of insurance for the duration of transitâŠ
VTTI Plans New 5 bcm Floating LNG Platform in Netherlands by 2024
Dutch energy company VTTI said on Monday it plans to build a new floating liquefied natural gas (LNG) terminal in the Netherlands with capacity to import 5 billion cubic meters of gas annually. On Friday the Dutch government said it was in talks with two different groups over new LNG terminals to increase Dutch import capacity by 5-8 billion cubic meters (bcm) annually as it seeks to ensure the country's energy security.
Louisiana Announces $1.8 Billion Port Expansion Project
A public-private partnership between the state of Louisiana, the Port of New Orleans and two global maritime industry leaders will build a $1.8 billion container facility on the Lower Mississippi River, Gov. John Bel Edwards announced.The new Louisiana International Terminal (LIT) in St. Bernard Parish will be able to serve vessels of all sizes, increasing Louisianaâs import and export capacity and stimulating the creation of more than 17âŠ
Gladding-Hearn Delivers New Launch to Galtex Pilots
The Galveston-Texas City Pilots has taken delivery of its fourth pilot boat from Gladding-Hearn Shipbuilding, Duclos Corporation. The new launch is equipped with a Seakeeper 30HD stabilizing gyro, which, according to shipyard officials, will reduce up to 80% the vesselâs roll.With a length overall of 73.2â, beam of 23.3â and draft of 5.9â, the all-aluminum, high-speed pilot boat features the Ray Hunt Design deep-V hull.
Inside the Chinese Port Deal that Divided the German Government
The German government has become divided over a deal, agreed last month, which saw Chinese conglomerate Cosco invest in the Port of Hamburg. The deal had been in the works since September 2021 and was championed by the chancellor (and Hamburgâs former mayor), Olaf Scholz.Scholzâs coalition partners have been vocal in criticising the deal. Chief among them is Robert Habeck, Greens member and Scholzâs economics ministerâŠ
Shipping Must Accelerate Its Decarbonization Efforts, and Now It Has the Opportunity to Do So
Member states of the International Maritime Organisation (IMO), the UN agency that regulates international maritime affairs, are meeting on December 5-16 to discuss how to accelerate the industryâs climate mitigation efforts.An initial strategy â agreed in 2018, when the industryâs emissions were roughly the same as Germanyâs â targeted a 50% reduction in shippingâs greenhouse gas emissions by 2050âŠ
Liberian Registry Hires Boyle as VP, Fleet Performance
The Liberian Registry announced that Commander Jason Boyle, United States Coast Guard-retired, has been hired as the Vice President of Fleet Performance of the Liberian International Ship and Corporate Registry (LISCR) at Headquarters in Dulles, VA.Boyle recently retired after 20 years in the United States Coast Guard (USCG) where he last served as the Chief, Port State Control division at USCG Headquarters.
Bayonne Dry Dock Christens New Mobile Boat Hoist
Bayonne Dry Dock & Repair Corp held a christening ceremony on December 9 for its new mobile boat hauler, dedicated in honor of Christopher Edward Cranston, a NYPD Detective who died of a 9/11-related illness in July 2019.The late Staten Island nativeâa first-responder during and in the aftermath of the September 11 World Trade Center attacksâwas the brother of the Bayonne, N.J. ship repair yardâs presidentâŠ
Damen Lays Keel for Swedish Navy Tugs
Damen Shipyards Group hosted a keel laying ceremony for a series of four customized Stan Tug 1706 ICE vessels under construction for the Swedish Navy at Albwardy Damen in the UAE to be delivered from 2023.Swedish Defense materiel organization FMV Director Naval Division Patric Hjorth performed the keel laying ceremony, which started with three coins placed in a stainless steel plate: a Swedish Crown, a Dutch Rijksdaalder and an Emirates Dirham.
Diana Shipping Extends Time Charter with SwissMarine
Dry bulk shipowner Diana Shipping on Monday announced it has extended the time charter contract with SwissMarine Pte Ltd., Singapore, for one of its Post-Panamax dry bulk vesselsâŠ
Kongsberg to Supply Winches for 16 Tugs
Kongsberg Maritime said it has signed a contract with Turkish tugboat builder Med Marine to deliver heavy duty, Escort Series towing winches for nine escort tugs equipped with azimuth stern drives (ASD).The order follows on from a contract signed earlier this year to supply winches for seven tugs.The new agreement brings the total number of Kongsbergâs winch supply contracts for Med Marine to 16 shipsets.
How Do Floating Wind Turbines Work?
Northern California has some of the strongest offshore winds in the U.S., with immense potential to produce clean energy. But it also has a problem. Its continental shelf drops off quickly, making building traditional wind turbines directly on the seafloor costly if not impossible.Once water gets more than about 200 feet deep â roughly the height of an 18-story building â these âmonopileâ structuresâŠ
Ship Recycle Market Shows Some Positivity
After the last few weeks of insufferable performances from the major recycling markets, a shade of positivity was observed this week, as owners seem more confidentâŠ
Danfoss to Power US' New Hybrid-electric Research Vessel
Danfoss Power Solutionsâ Editron division has been chosen by the Pacific Power Group and Seattle shipbuilder Snow & Company to provide the drivetrain system powering the U.S. Department of Energyâs first hybrid-electric research vessel. Due to enter operation in February 2023, the vessel will be used by PNNL-Sequim.The Pacific Northwest National Laboratory (PNNL) is a research center specializing in research advancing sustainable energy through decarbonization and energy storage.
Ailing Drillship Worker Airlifted in the Gulf of Mexico
An ailing worker was medevaced from a Transocean drillship 189 miles south of Port Fourchon, La., on Monday.The U.S. Coast Guard said its watchstanders at Sector New Orleans received a request at 2:21 a.m. from Bristol Search and Rescue Services to medevac a 60 year-old-male who was experiencing stroke like symptoms on board the Deepwater Thalassa.The watchstanders coordinated the launch of a CoastâŠ
Odesa Grain Traders Don't Plan to Suspend Grain Exports
The Ukrainian port of Odesa was not operating on Sunday after the latest Russian attack on the region's energy system, Agriculture Minister Mykola Solsky said, but added that grains traders were not expected to suspend exports.Two other ports - Chornomorsk and Pivdennyi - authorized to export grains from Ukraine under a deal between Russia and Ukraine were partially operating, he said."Chornomorsk port is now operating at about 80% of capacityâŠ
