Shipowners Struggling with Lack of Clarity on Sanctions -Prokopiou
Shipowners are struggling to know what trades are still legal as a raft of sanctions against Russia and tough measures on other countries including Iran remain confusing, leading Greek shipowner George Procopiou said on Monday.Sanctions imposed on Moscow after it invaded Ukraine in February, including a U.S. ban on its oil imports, have prompted Russia to pivot to customers in India and China who are picking up cargoes at a steep discount…
Two Days After Deadly Blasts, Bangladesh Container Depot Still Burns
Firefighters battled for a third day on Monday to control a huge fire that killed dozens when it triggered explosions at a Bangladesh container depot, as officials warned of the risk of further blasts if the flames spread to chemicals stored nearby.Drone footage from the BM Container Depot at Sitakunda, 40 km (25 miles) from the southeastern port city of Chittagong, showed thick columns of smoke still…
Lebanon to Invite U.S. Envoy for Maritime Talks After Spat with Israel
Lebanon said on Monday it would invite a U.S. mediator to Beirut to continue negotiations over a disputed maritime boundary with Israel to prevent any escalation after accusing Israel of encroaching on contested waters.The issue flared up on Sunday when a vessel operated by London-based Energean arrived off the coast to develop a gas field which Israel says is part of its exclusive economic zone but…
Langh Tech BWMS Receives IMO Approval
Finnish marine technology manufacturer Langh Tech Oy Ab said it has received the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC) type approval certificate for its LanghBW ballast water management system (BWMS) on May 12, 2022. The type approval project was carried out in cooperation with classification society DNV.The LanghBW BWMS uses fine filtration and UV-C treatment.
Another Ship Sent to Take Metal to Russia Arrives in Mariupol
A ship sent to load metal and ship it to Russia has entered the Ukrainian port of Mariupol, TASS news agency reported on Saturday, the second vessel to arrive in the southeastern city since Russia completed its capture last month."The ship has arrived and is in the port," TASS cited a port authority representative as saying, adding that it was to be loaded with metal.Earlier last week, a ship left Mariupol for Russia with a cargo of metal.
Ingalls Christens USCG National Security Cutter Calhoun
HII christened Legend-class national security cutter Calhoun on Saturday at its Ingalls Shipbuilding division.Calhoun (WMSL 759) is named to honor Charles L. Calhoun, the first master chief petty officer of the U.S. Coast Guard. Calhoun served in the U.S. Navy for three years during World War II and was honorably discharged in 1946 as a torpedoman second class. He enlisted in the Coast Guard that same…
Shipping Firm CMA CGM Sees Uncertain Outlook Despite Profit Surge
CMA CGM said on Friday that geopolitical and economic risks were clouding its outlook despite another surge in profits due to a saturated shipping market.French-based CMA CGM, one of the world's largest container lines, reported a net profit of $7.2 billion for the first quarter, up from $2.1 billion in the year-earlier period and also surpassing $6.7 billion posted for the last quarter of 2021.An…
Senesco to Build Hybrid-electric Vessel for Maine State Ferry Service
North Kingstown, R.I. shipyard Senesco Marine said it has been selected by the Maine Department of Transportation to build a new hybrid-electric passenger vessel for the Maine State Ferry Service (MSFS).The 154-foot passenger-vehicle ferry, designed by Gilbert Associates, will be equipped with BAE Systems’ electric hybrid propulsion solution to deliver reduced and zero-emission operations capability for the Rockland-based ferry service that serves nearly 500…
The Shearer Group Wins Contract from Texas DOT
The Shearer Group, Inc. (TSGI) announce it has been awarded another five-year indefinite deliverable contract with the Texas Department of Transportation (TXDOT).The…
MARAD Designates Four New Marine Highway Projects
The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced the immediate designation of four new Marine Highway Projects as part of the America’s Marine Highway Program (AMHP). Projects in North Carolina, Alaska, and Puerto Rico will receive these designations. They can now apply for record levels of funding through the Bipartisan Infrastructure Law to help address supply chain challenges.A Marine Highway Project is a planned service…
Echandia Scores €5 Million Naval Order for ESS
Echandia, a developer of heavy-duty energy storage solutions (ESS) for maritime and industrial applications, has received an initial order for battery systems in the naval segment.
Venezuela's Oil Exports Plummet to Lowest in 19 Months on Port Delays
Venezuela's oil exports last month fell to the lowest level since October 2020 as repairs at the country's main oil port added to delays shipping cargoes, documents from state-run PDVSA and vessel tracking data showed.Exports from the U.S.-sanctioned country were recovering this year following a pact with Iran that provided a stable supply of diluents needed for producing exportable grades and lighter crudes for making refined products.But shipping delays linked to oil quality issues…
Refurbished Ferry Delivered to CalMac
A newly refurbished ferry has been delivered to provide additional capacity for operator CalMac Ferries on the west coast of Scotland.Purchased out of Norway in 2021 and renamed Loch Frisa, the vessel departed Dales Marine Services in Leith on May 29 for repositioning to Oban where it is undertaking familiarization and entry-in-to service activities.Starting in mid-June, the double-ended RoPax ferry will be phased into the Oban-Craignure timetable, in tandem with Coruisk.
MISC Makes Leadership Change
MISC Group’s President/Group Chief Executive Officer (CEO), YBhg. Datuk Yee Yang Chien announced his plan to retire effective September 30, 2022. Datuk Yee will turn the helm over to Captain Rajalingam Subramaniam, MISC’s Chief Operating Officer and AET’s President & CEO, who will assume the role of MISC Group’s President/Group CEO effective October 1, 2022.Datuk Yee said, “It has been a great honour for me to be given the responsibility to lead MISC Group back in 2015.
Jan De Nul Group Orders Crane Simulator for Next-Gen Offshore Installation Vessels
Offshore installation specialist Jan De Nul Group has ordered a high-end crane simulator for two of its Next Generation Offshore Installation Vessels Voltaire and Les Alizés.According to Jan De Nul, the crane simulator will be based on real physics and the actual vessel models, enabling Jan De Nul to train its crewmembers and realistically simulate complex offshore installations in a completely safe environment, in the most severe conditions.
Hyundai Heavy Delivers VLCC to Okeanis Eco Tankers
Oslo-listed tanker firm Okeanis Eco Tankers has taken delivery of the VLCC Nissos Nikouria. South Korean shipbuilder Hyundai Heavy Industries delivered the tanker and this is the second, Gas Ready (MEc), ECO-design, open-loop scrubber-fitted 300,000 DWT VLCC crude tanker delivered to Okeanis Eco Tankers following the purchase deal announced in mid-2021.The first was Nissos Kea, delivered in March 2022.According to the information on the company's website…
New U.S. Hurricane Outlook Sees Five Major Storms
Forecasters on Thursday amped up their outlook for the U.S. Atlantic hurricane season, saying warm sea temperatures and the absence of a moderating wind shear portend a "well-above average" number of storms.Colorado State University researchers raised their estimate for tropical storms, hurricanes and major hurricanes by one apiece to 20, 10 and five, respectively. There is a 50% chance or more of at least one major hurricane apiece hitting the East and Gulf Coasts…
Boskalis Management Says HAL's Offer Not Unreasonable, But Also Not Convincing Enough
Dutch marine services and dredging firm Boskalis said Friday that the price proposed by HAL Holding for the acquisition of all remaining shares of Boskalis wasn't unreasonable, but also not sufficiently convincing to recommend the price to its shareholders. HAL Holding on March 10 announced plans to launch a takeover offer for Boskalis' all remaining shares. The company said it planned to launch an…
As Shanghai Reopens, California Ports Prepare for Cargo Surge
California port leaders expect imports to rise as Shanghai, home to the world's busiest seaport, emerges from a two-month COVID-19 lockdown.The question is whether that release of pent-up goods will again swamp West Coast ports that have recently emerged from the pandemic's massive cargo wave, they and other experts said.The Port of Shanghai was open during the city's shutdown, but cargo flows still slowed.
LNG Carrier Sails from US to South Korea Using Autonomous Navigation
A 180,000-square-meter-capacity liquefied natural gas (LNG) carrier is said to be the world's first large cargo ship to cross the Pacific using autonomous navigation.Built by Hyundai Heavy Industries in 2021 and delivered to SK Shipping in South Korea, the vessel Prism Courage is equipped with HiNAS 2.0, Level 2 autonomous navigation solution developed by Avikus, a subsidiary of HD Hyundai (former Hyundai Heavy Industries Group).According to Avikus…
