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CLIA Wants New Greek Tourism Fee to Fund Local Development
The Cruise Lines International Association (CLIA) has responded to plans by the Greek government to impose a 20-euro levy on cruise ship visitors to the islands of Santorini and Mykonos during the peak summer season.The move is a bid to avert over-tourism, said Prime Minister Kyriakos Mitsotakis, announcing the fee earlier this month.CLIA has responded with a statement: āThe cruise sector is a success story for Greece contributing 1.4 billion euros to the economy in 2022.
New LOF Clause Boosts Transparency Around Tug Services
The outcome of over a yearās consultation with underwriters, owners, Lloydās and other interested parties including P&I Clubs, brokers and salvors is a new clause for incorporation in marine hull policies. The shipping community has recognized the necessity of maintaining Lloydās Open Form (LOF) as a contract with pre-agreed terms that can be easily used in the event of an emergency, said the Lloydās Market Association (LMA) and the International Chamber of Shipping (ICS).
New CO2 Liquefaction Method will be āGame Changerā
JX Nippon Oil & Gas Exploration Corporation, NYK and NYK affiliate Knutsen NYK Carbon Carriers (KNCC) have demonstrated a new CO2 liquefaction method that the partners say is a breakthrough for the carbon capture and storage (CCS) industry.The three companies have devised the CO2 liquefaction process based on the isenthalpic expansion cooling and liquefaction process which takes advantage of the temperatureā¦
European Shipowners and Fuel Producers Unite on New Fuels Availability
The recently published Draghi report on the Future of European Competitiveness identifies shipping as one of the most difficult sectors to decarbonise, requiring around 40 billion in annual investments between 2031 and 2050.The report highlights that the EU has limited installed capacity and planned production. The EU needs to start building a supply chain for clean fuels, or the costs of meeting its targets will be significantā¦
Titan Taps Francesco Valente to Succeed Jim Marcotuli as CEO
Titan, a ship repair and fabrication company with yards on the U.S. West and East Coasts, on Thursday announced it has appointed Francesco Valente to replace CEO Jim āMarcoā Marcotuli, who is retiring after five years leading the company.Valente will lead Titan from its Portland, Ore. headquarters starting on September 23, with Marcotuli taking on a role as a board member and advisor.Valente possesses more than 20 years of experience running business operations globallyā¦
US LNG Exporters Expected to Escape Brunt of Hurricane Francine
U.S. liquefied natural gas export terminals on the Louisiana coast may have escaped the brunt of Hurricane Francine and put off a major test of their ability to withstand a direct storm hit to another day.Francine was on track on Wednesday to lash south-central Louisiana, east of Cameron Parish that is home to several of the newly operating projects, with 90 mile-per-hour (145 kph) winds. Three of the four largest U.S.
Trump's Tariff Increase Would Dramatically Raise Shipping Costs, Experts Say
U.S. presidential contender Donald Trump's plan to hike tariffs on imports if he is elected back to the White House in November would send cargo rates soaring and accelerate inflation, just like it did during his 2017-21 term, shipping and retail experts said.Trump, who is running against Democratic Vice President Kamala Harris in the Nov. 5 election, has floated second-term plans for blanket tariffs of 10% to 20% on virtually all imports as well as tariffs of 60% or more on goods from Chinaā¦
USACE Opens Channel for Commercial Navigation at Monongahela River Locks and Dam 3
The U.S. Army Corps of Engineers Pittsburgh District opened a 100-foot-wide navigation channel for commercial vessels through the center of the dam at Monongahela River Locks and Dam 3 near Elizabeth, Pa. The first commercial navigation vessel passed through the channel on Thursday, September 5.āOpening the navigation channel ahead of schedule was a significant achievement,ā said Col. Nicholas Melinā¦
Seaspan Completes Life Extension of Canadian Coast Guard Icebreaker
Seaspan on Thursday announced its Vancouver Drydock has completed a Vessel Life Extension (VLE) program for the 38-year-old Canadian Coast Guard icebreaker vessel CCGS Sir Wilfrid Laurier. After undocking at the end of April 2024, the vessel completed an in-water work period in preparation for ship commissioning and sea trials, finally departing Seaspan on August 17, 2024.According to Seaspan, theā¦
DNV, Brinav Team Up for Autonomous Shipping Technologies
Classification society DNV and Navigation Brilliance (Brinav) have signed a memorandum of understanding (MoU) to collaborate in fast-tracking the development and approval of autonomous and remote-controlled shipping technologies.The signing of the MoU signifies a wider collaboration effort between DNV and Brinav and a strategic step towards realizing the potential of the autonomous technology for maritime industry.Brinavā¦
New Formula Biodegradable Hydraulic Fluid Promises High Performance
Chevron has introduced Clarity Bio EliteSyn AW. The new formula, biodegradable hydraulic fluid is suited to marine, construction and other environmentally sensitive applications.Chevron says that with a Total Oxidation Stability Test (TOST) life of over 10,000 hours, it outperforms existing products in the market.The zinc-free fluid has a high level of renewable carbon of ā„90% and meets or exceeds the biodegradation, toxicity and bioaccumulation limits of government regulations.
Marine Fuels Supplier Peninsula Splits Off Shipping Operations
Marine fuels supplier Peninsula has spun off its shipping operation into a separate entity named Hercules Tanker Management (HTM), a Peninsula press release said on Wednesday, seeking to expand in the tanker freight sector.Hercules will take over Peninsula's vessel assets and operate as an independent ship owner, trading its vessels in tanker freight markets as well as continuing to service privately owned Peninsula's cargo and supply operations."Nowā¦
Leadership Profile: Morgan Fanberg, CEO, Glosten
When he joined the Glosten more than 26 years ago as an intern, little did Morgan Fanberg know that one day heād be at the helm leading the largest privately owned naval architecture firm in the United States.
Offshore Driller Seadrill Has Its Sights Set on Asset Acquisitions, M&A
Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company's CEO said on Wednesday.Norwegian-born billionaire John Fredriksen lost the control of the company, once the world's largest driller by market cap, to its creditors over two debt restructurings since 2014.Now a much leaner and smaller company, New York-listed Seadrill itself is looking to buy distressed assets or players with "distressed balance sheets"ā¦
Key Louisiana Energy Port Operations Halted as Hurricane Francine Approaches
The U.S Coast Guard on Wednesday suspended operations at the offshore energy services hub Port Fourchon, Louisiana, as hurricane Francine bore down on the coast, according to a shipping advisory.The temporary closure of Port Fourchon, home to marine and equipment suppliers to offshore oil producers, follows the suspension of marine traffic at the deepwater Louisiana Offshore Oil Port (LOOP), and the commercial ports of New Orleansā¦
Maersk, Hapag-Lloyd Will Expand Alliance Fleet if Red Sea Disruptions Persist
Maersk and Hapag-Lloyd could add more container vessels to an alliance announced earlier this year if shipping disruptions in the Red Sea continue, the companies said on Tuesday.Attacks in the Red Sea by Iran-aligned Houthi militants have since late last year forced shipping companies to reroute traffic away from the Suez Canal and instead sail around Africa, a longer journey that ties up more capacity.Maersk and Hapag-Lloyd in January said they had agreed on a new collaboration, starting in Feb
Italian Court Ends Detention for MSF Migrant Rescue Ship
The international aid group Medecins Sans Frontieres (Doctors Without Borders - MSF) on Wednesday obtained the release of its migrant rescue ship, which had been grounded two weeks ago by Italy's right-wing government.MSF's Geo Barents vessel was handed a 60-day detention order, the longest on record, for allegedly failing to properly coordinate with Italian and Libyan authorities as it picked up migrants off Libya on Aug.
Canadian and Norwegian Coast Guards Ink New Partnership Agreement
Canada and Norway have signed a deal to expand cooperation between the two allied nations' coast guards, in a move to boost marine safety and environmental protection in high latitudes.The Canadian Coast Guard this week announced it has signed a Letter of Intent (LOI) with the Norwegian Coast Guard "formalizing joint efforts in data analysis, education and training, decarbonization, and Arctic scientific researchā¦
The āBoat Nerdsā Ringleader ā Morgan Fanberg, CEO, Glosten
When he joined Glosten more than 26 years ago as an intern, little did Morgan Fanberg know that one day heād be at the helm leading one of the largest privately owned naval architecture firm in the United States. But this USMMA-grad was well outfitted for the task, and in this Maritime Matters: The Marinelink Podcast, Fanbergās passion for the maritime industry and his company is clear as he candidly discusses the challenges heā¦
Van Oordās Brand New Calypso CLV Set for Debut at RWEās Offshore Wind Project
Van Oordās new cable laying vessel (CLV) Calypso is gearing up for its debut at RWEās 1.4 GW Sofia offshore wind farm in the UK.The inter-array cables have been loaded onto Calypso CLV at the Port of Blyth in the UK, ahead of its first job at RWEās biggest offshore wind, according to Van Oord, which secured the contract for the installation of monopile foundations and cables back in 2021.Built by Vardā¦
Video: CMA CGM's New 20,600 TEU Containership
Baltic Workboats Delivers New Launch for the Laurentian Pilotage Authority
Cyber Security to the Fore as New Coast Guard Rules Loom
SAFE Boats Debuts 41-ft. Offshore Interceptor in New Orleans
MJP Debuts New WaterJet
Brunswick Introduces New RHIB
IMO 2020: New Rules Demand New Solutions
Sterling PBES Launches a New Maritime Cartridge Battery Solution
LR - Fit for 55: Managing compliance and optimising operations
New BAE Jacksonville Shiplift is on Track to Start Ops in ā25
