Eagle Bulk CEO Gary Vogel Named CMA Commodore
Gary Vogel, chief executive officer of Eagle Bulk Shipping Inc., has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2022.The 2022 Commodore Award, given each year to a person in the international maritime industry who has contributed to the growth and development of the industry, will be presented on March 31, at the Gala Dinner marking the conclusion of the annual Connecticut Maritime Association conference and expo…
Teekay LNG Rebrands as Seapeak
Shipping company Teekay LNG has rebranded as Seapeak following the completion of its acquisition by U.S.-based investment firm Stonepeak.One of the world’s largest independent owners and operators of liquefied natural gas (LNG) carriers, Teekay LNG announced in October that it entered into a merger agreement that would see Stonepeak acquire all issued and outstanding common units representing limited partner units in Teekay LNG, and its common un it holders voted to approve the deal in December.
Baltic Dry Index Extends Losing Streak to Tenth Day
The Baltic Exchange's dry bulk sea freight index fell for a tenth straight session on Thursday, touching its lowest level in about a year, on waning demand across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 96 points, or 6.1%, to 1,474, its lowest since February 2021.The capesize index dropped 195 points, or 15.9%, to 1,031, its lowest since Feb.
Xeneta: Intra-Asian Spot Rates Contribute to Rising Manufacturing Costs in The Region
Among most global trades, intra-Asian rates have seen considerable increases in recent years, though the costs on the world’s busiest container trade have not risen as quickly as in other places, Xeneta, and ocean and air freight rate benchmarking and market analytics platform said Thursday.According to Xeneta, in the first half of January, spot rates from the main Chinese ports to the main Japanese and South Korean ports have risen back above USD 1 800 per FEU.
Suiso Frontier: World's First Hydrogen Tanker to Ship Test Cargo from Australia to Japan
Japanese-Australian venture producing hydrogen from brown coal is set to ship its maiden cargo on the world's first liquid hydrogen carrier from near Melbourne to Kobe on Friday, in a test delayed by nearly a year because of the COVID-19 pandemic.The Suiso Frontier, built by Japan's Kawasaki Heavy Industries (KHI), arrived on Friday from Kobe, in southern Japan, following a longer trip than the expected 16 days as the owners sought to avoid bad weather and rough seas…
Rotor Sails: The Compelling Decarbonization Solution
Global supplier of wind propulsion, Anemoi Marine, believes Rotor Sails - which are unique, tall cylindrical sails that can be installed on the deck of commercial vessels - offer an immediate and compelling solution for shipowners working to reduce vessel emissions.Anemoi estimates that a VLCC with six Rotor Sails would reduce fuel and emissions by approximately 14.9% (c.1,889 tonnes fuel and c.6,058 tonnes of carbon) per year…
Construction of New York’s First Offshore Wind Farm Set to Start as Final Approval Granted
The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has granted Construction and Operations Plan (COP) for the South Fork Wind, New York’s first offshore wind farm, Ørsted confirmed Thursday. This is the final decision needed from the agency to move the project toward the start of construction. The approximately 130 MW South Fork Wind project, owned by the Danish firm Orsted AS and U.S.
Appeals Court Revives BP’s Fight Over Deepwater Cleanup Workers’ Claims
A federal appeals court on Wednesday revived a fight between BP, two contractors, and an insurance company over who should pay for thousands of personal injury claims brought by cleanup workers after the Deepwater Horizon explosion and fire in 2010.The 5th U.S. Circuit Court of Appeals reversed most of a lower court’s rulings for contractors National Response Corp and O’Brien’s Resource Management…
US Army Corps to Upgrade Lock and Dam Critical for Grain Exports
The U.S. Army Corps of Engineers will use $732 million in federal infrastructure funding to modernize a lock and dam on the Upper Mississippi River that are crucial for shipping grain and soybeans to export markets, officials said on Wednesday.Upgrading infrastructure is essential for the United States to maintain its place as a top global agriculture exporter, as competitors including Brazil have…
BIMCO Force Majeure Clause Launched
The unforeseen events of recent years have demonstrated how beneficial it can be for parties to contractually “expect the unexpected” – whether the event is extraordinary weather conditions caused by climate change or a pandemic. To help parties prepare for the unexpected, BIMCO has published a new clause.The new BIMCO Force Majeure Clause 2021 provides a comprehensive “code” for the parties to help resolve situations arising from unexpected events impacting the performance of the contracts.
Hornblower Acquires Two Offshore Vessels
Hornblower Group announced on Wednesday it has acquired two offshore vessels: the Seaward Explorer and Seaward Endeavor, previously the California Responder and Pacific Responder, respectively. Seaward Services, Inc. (SSI), part of the Hornblower Group of maritime businesses, is offering the multipurpose supply vessels for charter, with prompt availability.The Seaward Explorer and Seaward Endeavor were built at VT Halter Marine in Mississippi…
Fairbanks Morse Defense Acquires Maxim Watermakers
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has acquired Maxim Watermakers, a privately-owned provider of desalination and water treatment technologies for marine defense applications based in Shreveport, La. The company’s water treatments systems, which provide life-sustaining water for crews during ship deployments, position Maxim as an essential addition…
Crowley Hires Jadotte as SVP of Government Relations
Marcus Jadotte has joined Crowley as senior vice president of government relations, leading the company’s advocacy activities across all its businesses.Jadotte will spearhead the company’s continuing advocacy for laws and regulations that support the domestic maritime industry, while expanding awareness of Crowley’s growing defense and civilian government services among federal, state and local officials.
Alfa Laval Sees Growing Orders for FCM LPG Fuel Supply Systems
Alfa Laval reports it is experiencing increased demand for solutions related to liquefied petroleum gas (LPG) as fuel, having seen notable orders for the Alfa Laval FCM LPG in recent months as the marine industry focuses on decarbonization. The low-flashpoint fuel supply system (LFSS) that can work seamlessly with LPG cargo handling systems.Given its lower CO2 footprint compared to traditional marine fuels, LPG is a logical step in decarbonizing the vessels that transport it, Alfa Laval said.
Dredging Companies Keeping a Close Eye on New Infrastructure Dollars
For dredging company executives, the recently passed $550 billion federal Infrastructure Investment and Jobs Act (IIJA) sits like the proverbial Horn-o’-Plenty, ready to disgorge billions of federal dollars for maritime, port, harbor, coastal, inland waterways and flood projects, many of which will require dredging. This is a really big deal because this new money will go toward existing projects, work that’s been on the books, so to speak, but, until now, couldn’t be funded.
US Army Corps Announces Spend Plan
The U.S. Army on Wednesday announced the Civil Works studies, projects and programs that the Corps would implement in Fiscal Year 2022 with the $22.81 billion in supplemental funding provided in two recently enacted laws — the Infrastructure Investment and Jobs Act; and the 2022 Disaster Relief Supplemental Appropriations Act.The spend plan supports the Administration hitting the ground running by focusing on current Fiscal Year 2022 spending.
WasteFuel to Launch Bio-methanol Marine Fuel
Low-carbon biofuels developer WasteFuel announced the launch of WasteFuel Marine, a renewable fuel solution for the shipping sector. WasteFuel Marine’s initial product will be bio-methanol for container ships.WasteFuel said it aims for its marine fuels to reduce CO2 emissions by 95% and nitrogen oxide emissions by up to 80% compared to conventional fuels.“Methanol has exceptional appeal as a renewable fuel - it can use existing logistics infrastructure…
DSC Dredge Hires Duplantis in IT Role
DSC Dredge announced it has welcomed Mitchell Duplantis as the newest member of its information technology (IT) team.As a former IT support analyst and helpdesk specialist, Duplantis brings experience in applying technical and problem-solving skills to improve both team and organizational performance and the ability to leverage existing technology with internal resources to facilitate DSC achieving its technological goals.
Tech File: Yara Birkeland Equipped with Survitec Fire Fighting System
Survitec’s advanced fire fighting system and safety equipment aboard Yara Birkeland – the world’s first fully autonomous containership – has successfully completed its first annual service ahead of the 3200dwt ship’s first laden voyage.The zero-emission, fully electric Yara Birkeland is preparing to carry its first fertilizer cargo on the Herøya-Brevik route in early 2022.The groundbreaking vessel…
Wozair Appoints New Group MD
Wozair appointed John Foley as Group Managing Director to the Board on January 1, 2022.Foley is an experienced senior executive who previously held positions as Managing Director, OTIS Elevator Co. in Norway and most recently, served as Managing Director Volution Ventilation, part of Volution Group PLC.Wozair Group are a designer, manufacturer and distributor of high integrity HVAC systems, specializing in applications operating in extreme environments…
