Baltic Index Steady as Lower Rates for Smaller Vessels Offset Capesize Gains
The Baltic Exchange's main sea freight index was little changed on Tuesday as declines to multi-week lows in the panamax and supramax segments countered gains in capesize rates.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, edged down two points to 1,564 points.The capesize index .BACI was up for the second session, gaining 45 points, or 3.1%, at 1,510 points.Average daily earnings for capesizes…
Green Yard Kleven to Refit Two Oceanica PSVs
Green Yard Kleven in Norway said it has signed a contract with Brazilian shipowner Oceanica to convert two platform supply vessels (PSV) for operations with remotely operated underwater vehicles (ROV) and offshore crane.The two ships, both Marin Teknikk MT6009 design, have recently been purchased by Oceanica. One is already at Green Yard Kleven, and the other will arrive at the shipyard in the next few days.
USS Farragut Deploys with George H.W. Bush Carrier Strike Group
US Navy's Arleigh Burke-class guided-missile destroyer USS Farragut (DDG 99) deployed as part of the George H.W. Bush Carrier Strike Group (GHWBCSG) from Naval Station Mayport, Florida, Aug. 6.According to the U.S. Navy, this is a routine deployment for Farragut and the first after a dry-dock maintenance period in 2021.Farragut returned to operational capability in the summer of 2021 and has completed a rigorous training cycle…
Russia, Ukraine Agree to Protect Ukraine Grain Shipping Channel
Ships exporting Ukraine grain through the Black Sea will be protected by a 10 nautical mile buffer zone, according to long-awaited procedures agreed by Russia, Ukraine, Turkey and the United Nations on Monday and seen by Reuters.The United Nations and Turkey brokered a deal last month after Russia's Feb. 24 invasion of Ukraine halted grain exports, stoking a global food crisis that the United Nations says has pushed tens of millions more people into hunger.Since then Russia…
Atlantic Towing PSVs Rescue Crew from Sinking Fishing Vessel
Two platform supply vessels (PSV) stationed in eastern Canada came to the rescue of a crew from a sinking fishing vessel off the coast of St. John's, Newfoundland and Labrador, on Monday.Atlantic Towing said its PSVs Atlantic Griffon and Atlantic Shrike picked up a radio transmission from a nearby vessel stating the fishing boat Gypsy Mariner had lost power and was taking on water. The PSVs immediately contacted the Canadian Coast Guard…
Turkey Sends New Oil and Gas Drillship to the Mediterranean
Turkey sent its new hydrocarbons drilling ship to the Mediterranean Sea on Tuesday but President Tayyip Erdogan said it would operate 55 kilometres (34.18 miles) off Turkey's coast, in an area outside waters also claimed by Cyprus.Speaking at the launch ceremony in the southern province of Mersin, Erdogan said the area of operation was within Turkey's sovereign territory and that there was "no need for permission from anyone" for it to drill there.(Reuters - Reporting by Ali Kucukgocmen, Editing
Devastating Fire May Force Cuba to Resort to Expensive Floating Oil Storage
An inferno at Cuba's largest oil storage facility has killed at least one firefighter, injured many more, and threatens to further swell the fuel import bill for the impoverished island nation that relies on foreign oil for everything from transportation to its power grid.Cuban officials may need to scramble to set up expensive floating storage capacity to handle imports aimed at easing an acute fuel scarcity…
US Coast Guard Cutter Collides With Fishing Vessel Near Puerto Rico; One Dead
A U.S. Coast Guard cutter was involved in a fatal collision with a small fishing boat Monday afternoon off the coast of Puerto Rico.The 154-foot Sentinel Class fast response cutter Winslow Griesser and the 23-foot commercial fishing vessel Desakata collided, approximately four nautical miles north of Dorado, Puerto Rico.Following the collision, the cutter crew recovered the two fishermen aboard Desakata…
Cox Marine Charts U.S. Growth with Key Appointments
New Regional Director Doug Ross will lead CXO300 diesel outboard engine manufacturer’s expansion in North America with Sales Manager Chuck Gould in support.Cox Marine announced two sales appointments in North America as it builds its regional team to drive business growth. Doug Ross was confirmed as Regional Sales Director, North America, to lead Cox Marine’s sales strategy, overseeing all business channels in the country and working closely with the U.S.
First-ever U.S. Sour Crude Cargo Sails to Germany as Russia Sanctions Bite
A tanker of U.S. sour crude was delivered at Germany's port of Rostock last week for the first time ever, according to sources, analysts and vessel tracking data…
Equinor Extends Solstad Offshore PSV Charter
Norwegian offshore vessel owner Solstad Offshore has secured a contract with Equinor for the platform supply vessel Normand Searcher.More precisely, Equinor has declared an option to extend the contract for the PSV for one more year to September 2023. The financial details were not disclosed.The oil and gas company has the option to extend the contract with a further four one-year contracts.The platform supplier has been on contract with Equinor since 2017.
Third Oil Storage Tank Collapses in Cuba Terminal Following Fire, Spill
A third crude tank caught fire and collapsed at Cuba's main oil terminal in Matanzas, its governor said on Monday, as an oil spill spread flames from a second tank that caught fire two days earlier in the island's biggest oil industry accident in decades.Cuba had made progress fighting off the raging flames during the weekend after drawing on help from Mexico and Venezuela, but late on Sunday the fire began spreading from the second tank…
Oil Tank Platform Collapses, Oil Spills in Terrebonne Bay, Louisiana
The U.S. Coast Guard is responding to an oil spill after an oil tank platform collapsed at the Hilcorp Caillou Island facility in Terrebonne Bay, Louisiana, on Monday.Coast Guard Marine Safety Unit Houma personnel initially received a notification from the National Response Center stating the platform experienced a structural failure causing a tank to fall into the water and spill the oil. Environmental Safety & Health Consulting Services has been hired as the oil spill removal organization.
Goltens Pens Global Distribution Deal for Emsys Maritime's Emissions Monitoring System
Goltens Worldwide has been appointed by UK-based maritime technology specialist Emsys Maritime Ltd as an authorized sales, installation, commissioning, and after-sales service partner for its Emsys-iS Marine Emissions Monitor and Emsys-PM Smoke Density Monitor products. The agreement applies globally except for South Korea.“In order to satisfy increasing interest from customers, we have been looking for a technically sound…
NYK to Modify Tugboat to Ammonia Fuel at Keihin Dock Co.
NYK finalized a contract with Keihin Dock Co., Ltd., an NYK Group company, to modify a tugboat to ammonia-fuel specifications. Sakigake, a tugboat currently fueled by liquefied natural gas (LNG) and operated in Tokyo Bay by NYK Group company Shin-Nippon Kaiyosha Corporation will be converted to operate on ammonia fuel by a target completion year of 2024.This R&D was initiated in October 2021 by NYK and IHI Power Systems Co., Ltd.
Shipyards Adapt to help Navy, Coast Guard Recapitalize Fleets
U.S. shipyards are making improvements to building ships for the Navy and Coast Guard today and in the future. In some cases, it means phasing out one class of ship and getting ready for the next. Or, it can be a drastic make-over.The yards include mid-tier yards all the way up to very large facilities devoted exclusively to warships. The ships range from the 353-ton Fast Response Cutter to the 100,000-ton nuclear-powered aircraft carriers.
Marine Insurance: Climate Change Challenges for the Shipping Industry
With 90% of global trade moved by sea, shipping is a major contributor to climate change. The International Maritime Organization (IMO) estimated that the industry’s greenhouse gas emissions grew by 10% between 2012 and 2018, while the industry’s share of global anthropogenic CO2 emissions grew slightly to almost 3%, about the same volume as Germany. It also forecasts that ‘business as usual’ could…
Turner Tapped as Captain, Port of New Orleans Harbor Police
The Harbor Police Department (HPD) of the Port of New Orleans (Port NOLA) named Cedric Turner to serve as Captain of the specialized law enforcement agency. Turner has served in law enforcement for 26 years and 20 of those working up the ranks in HPD. As Captain, Turner will be responsible for running the day-to-day operations of HPD’s Patrol Division, which is critical in HPD’s mission in ensuring…
Riverboat American Symphony Ready for Service
The newest riverboat for the Mississippi River passed sea trials late last week and is on its way to New Orleans for an on-time start to its inaugural season on the Mighty Mississippi. American Cruise Lines said it has accepted delivery of the American Symphony from Chesapeake Shipbuilding as scheduled. American Symphony is the fifth riverboat in the Line’s series and the 15th small ship built by Chesapeake for American.
Atlas Copco Compressors acquires Compressed Air Products
Atlas Copco has acquired the operating assets of Compressed Air Products, Inc. (CAP). CAP sells to a broad range of industrial customer segments and has a strong service business.CAP is located in Newnan, Ga., southwest of Atlanta and will become a direct branch of Atlas Copco Compressors. Twenty people will join Atlas Copco as a result of this acquisition. CAP has been an Atlas Copco Compressors distributor for many years.“We are very proud to announce that Compressed Air Products (CAP)…
