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Putin set on defusing Ukraine crisis
Foreign ministers from East and West will try to defuse the Ukraine crisis on Thursday in Geneva, once frequently the scene of Cold War negotiations, but will risk…
Great Lakes Announces New Leadership Appointments
Houston-based dredging contractor Great Lakes Dredge & Dock Corporation said it has appointed David Johanson to the position of SVP, Project Acquisition & Operations, and of Christopher G. Gunsten, P.E. to the position of SVP, Project Services & Fleet Engineering.Johanson and Gunsten will assume their new roles effective August 1, 2022. Their positions will fill the roles currently held by the Company’s Chief Operating Officer, David E. Simonelli, who is retiring on September 16, 2022.
Esgian Week 36 Report: New Contracts Awarded in India, Guyana and West Africa
Esgian provides an update on new contract awards for Greatship, Transocean, Noble and Stena Drilling in its Week 36 Rig Analytics Market Roundup.Report SummaryContractsGreatship has secured a contract with Cairn for its 350-ft Greatdrill Chetna jackup drilling rig in India. The contract is firm for six months at a dayrate of approximately $90,000, starting in late November or early December 2024.Transocean has secured a binding letter of award from Reliance Industries for its 6th generation 12…
US Navy Sets November Date for USS Nantucket Commissioning
The U.S. Navy has set November 16, 2024, as the date of commissioning of future USS Nantucket (LCS 27), a Freedom-variant littoral combat ship.The commissioning will take place at Charlestown Navy Yard in Boston, Massachusetts.The naming of LCS 27 honors the rich heritage of the people of Nantucket and the maritime legacy that the island represents.As the sponsor of LCS 27, Polly Spencer, the wife of the 76th Secretary of the Navy…
Volvo Penta, Marell Collaborate on High-Speed Vessels
Volvo Penta and Swedish boatbuilder Marell have joined forces to create the new Marell M15 patrol boat. Equipped with Volvo Penta’s latest D6 engine and DPI system, the vessel is tailor-made from helm-to-prop.Volvo Penta’s latest D6-440 DPI propulsion system is the power behind Marell’s new 15m fast patrol boat. Equipped with twin D6-440 DPI sterndrives, the Marell M15 has a top speed of 45 knots and includes a fully integrated system from Volvo Penta…
Fuel Cells for Maritime Shipping
Freudenberg Sealing Technologies will act as a technology partner in the Pa-X-ell2 project. The goal is to develop a new generation of fuel cells for use on seagoing vessels. For the future project on sustainable, CO2-free mobility at sea, the largest shipyard for the construction of cruise ships – Meyer Werft in Papenburg – and the global technology specialist Freudenberg Sealing Technologies intend to equip future generations of cruise ships with fuel cell propulsion.
New Bill Aims to Address Sexual Misconduct in the Merchant Marine
A group of U.S. Senators has introduced new legislation aiming to strengthen sexual assault/sexual harassment (SASH) prevention, response, investigation and accountability in the maritime industry and provide additional safeguards for the Midshipmen at the United States Merchant Marine Academy (USMMA).The Improving Protections for Midshipmen Act is being put forward by Roger Wicker (R-Miss.), Susan…
INSIGHTS: Edward C. Schwarz, ABB VP of Sales, New Builds
Based in Miramar, FL, ABB Vice President Ed Schwarz is today responsible for developing and leading the newly created new sales team for ABB in North America.He is the firm’s leading advocate for new build opportunities in US and Canada and more importantly, developing the business strategy necessary for bringing hybrid and electric solutions to North America market. A graduate of the U.S. Merchant Marine Academy at Kings Point…
Wärtsilä to Supply Engines for P&O Ferries' Newbuilds
Finnish tech company Wärtsilä revealed Thursday that it booked an order in Q1 2020 to supply engines for British ferry operator P&O Ferries' two new hybrid electric ferries on order at China's Guangzhou Shipyard International.P&OF has stated that the new hybrid-electric vessels, to be powered by powered by the Wärtsilä 31 four-stroke diesel engines, “will be the most sustainable ships ever to sail the English Channel…
First High-pressure SCR System Seals Class Approval
The first ever PBST-branded and -built cluster-3 SCR-HP system has passed its ClassNK approval test at the MAKITA works in Japan, MAKITA Corporation and MAN Energy Solutions announced.The compact SCR system is one of four – originally ordered in 2018 and 2019 – for vessels featuring MAN B&W two-stroke engines with two now delivered and the others currently en route to customers. An MAN B&W 6S46ME-B8.5 engine will power each vessel, with the SCR-HP system making each vessel Tier III-compatible.
US Turns Screws on Maritime Industry to Cut off Venezuela's Oil
Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the Latin American country.U.S. sanctions have driven Venezuela’s oil exports to their lowest levels in nearly 80 years, starving President Nicolas Maduro’s socialist government of its…
NOAA helps ID prime Aquaculture Sites in GOM, off California
NOAA released two Atlases compiling the best available science to inform the identification of Aquaculture Opportunity Areas (AOAs) in the Gulf of Mexico and Southern California. NOAA previously identified these regions for their potential to host sustainable commercial aquaculture development in the United States. Areas in the Atlases will have characteristics expected to support multiple types of aquaculture industries including finfish…
US Withdraws From Carbon Talks on Shipping, Urges Others to Follow
The United States has withdrawn from talks in London looking at advancing decarbonisation in the shipping sector and Washington will consider "reciprocal measures" to offset any fees charged to U.S.
Fincantieri, Navantia to Form JV for European Patrol Corvette Program
Italy’s Fincantieri and Spain’s Navantia have signed a memorandum of understanding to jointly coordinate and execute the European Patrol Corvette (EPC) program, strengthening industrial cooperation under one of Europe’s most ambitious defense initiatives.The two shipbuilders plan to create a joint venture to manage and execute the program. The vehicle will be open to participation from other project partners…
U.S. Republicans in Push to Sanction Nord Stream 2 Gas Pipeline
A group of U.S. Senate Republicans said on Monday they had introduced legislation that would impose mandatory sanctions on Nord Stream 2, a Russian-backed natural gas pipeline that opponents believe would be harmful to U.S. allies in Europe.The six lawmakers, led by Senator Jim Risch, the top Republican on the Senate Foreign Relations Committee, offered the measure as an amendment to the National Defense Authorization Act…
Qingdao Port Buys Stake in Cosco Abu Dhabi
China-based Qingdao Port International Development has agreed to purchase a 33% stake in COSCO Shipping Ports (Abu Dhabi), a deepwater terminal located in Khalifa Port…
VIDEO: Floating Offshore Wind: Opportunities & Challenges
The floating offshore wind industry, still considered nascent with around 100MW installed capacity - and minuscule compared to the installed capacity of its „older brother,“ - that is the conventional, fixed bottom offshore wind industry (29GW at 2019 end) - is showing promise and is expected to take off big time by the end of the decade.While the current installed capacity is small and focused on pilot projects…
Seismic Surveyor Polarcus Sees Shares Nosedive as it Defaults on Debt Payment
Oslo-listed seismic surveyor Polarcus has defaulted on its bank loans and bonds, it said on Tuesday, sending the company's shares plunging more than 30%.Polarcus and other seismic surveyors have been hit by weak demand as oil companies slash spending on geological data amid the coronavirus pandemic and last year's crash in the price of crude."The company intends to pursue all available options with…
New BIMCO Clause Addresses USTR Actions
The Documentary Committee of BIMCO adopted a standard clause aimed at addressing contractual uncertainties that may arise from the United States Trade Representative’s (USTR) Notice of Actions to impose fees on Chinese-related ships calling US ports.A BIMCO subcommittee comprising legal and commercial experts began working on the clause at the start of June, prioritizing its development as the USTR…
US Navy, JMSDF Participate in MultiSail 2018
Units and personnel from the U.S. Navy and the Japan Maritime Self-Defense Force (JMSDF) are scheduled to participate in the annual bilateral training exercise MultiSail 2018, Mar. 8-14.
