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Port of Everett Becomes First Port to Receive Federal Rail Loan
U.S. Transportation Secretary Elaine L. Chao announced that the U.S. Department of Transportation’s Build America Bureau will provide up to a $5.95 million Railroad…
Long-Term Container Rates Fall (again)
The beleaguered carrier industry took another major hit in June, with the latest data from Xeneta’s Shipping Index (XSI) showing a decline of 9.4% in global long-term shipping rates. Following on the heels of a 27.5% collapse in May, and a 10.3% fall in April, contracted rates have now shed 47.2% of their value in the last three months alone, and 51.7% over the course of 2023.Xeneta’s data shows falls in the prices of valid long-term contracts across all key trading corridors…
Over 8 GW of Floating Wind for California, But Who Will Build It?
As the dust settles from Wednesday's California floating wind auction, and developers begin to discuss their plans, energy industry intelligence firm Intelatus says development of the floating wind manufacturing and installation supply chain must speed up.Developers are beginning to release details of their bids for yesterday’s California floating wind auction. The successful bidders for the two north California Humboldt sites…
Schottel Propels Trawler “Argos Cíes”
The trawler Argos Cíes, built in Spain at Nodosa shipyard, is equipped with propulsion equipment from Schottel including a controllable pitch propeller and atransverse thruster.Measuring 74m long, Argos Cíes is the largest fishing vessel ever built at the Galician shipyard. Operated by Jupiter Fishing Company, the trawler is mainly used to fish for squid in the South Atlantic. The project was realized in close cooperation with Reintjes España…
Offshore Upswing: CNOOC Spend Highest Since 2014
China's state-owned offshore oil and gas producer CNOOC Ltd said it is confident of achieving its spending target this year, the highest since 2014, as its responds to a call to build up the nation's petroleum output and reserves.The company plans to spend 70 billion to 80 billion yuan ($10.3 billion to $11.8 billion) on exploration and production, CNOOC said in a press release on Wednesday, compared…
AAM to Build Research Vessel for NOAA Gray’s Reef National Marine Sanctuary
Washington-baed shipbuilder All American Marine (AAM) has won a contract to build a research vessel for the NOAA Gray’s Reef National Marine Sanctuary (GRNMS). GRNMS is located 19 miles off Sapelo Island, Georgia, and is one of 14 marine sanctuaries and monuments that make up the U.S. National Marine Sanctuary System. AAM will build the research vessel at its Bellingham Bay facility. The vessel is a 52’…
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.
Stena Partners with Proman to Develop Methanol Retrofit and Supply Solution
Shipping company Stena is working with methanol producer Proman to develop a retrofit and supply solution that will allow both Stena’s vessels as well as third party vessels to operate on cleaner-burning methanol fuel.The plan builds upon the previously announced joint venture between Stena Bulk and Proman for three methanol-ready tankers. The first of these vessels, the 49,900 DWT Stena Pro Patria will be delivered in early 2022…
Van Oord, Hendrik in Lifting Equipment Deal
Dutch maritime contracting company Van Oord is partnering with compatriot company Hendrik Veder Group for the management of heavy lifting equipment for offshore…
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…
Russian Billionaire's Yacht Stuck in Hamburg Shipyard
A luxury yacht linked to Russian billionaire Alisher Usmanov, who faces EU sanctions over Russia's invasion of Ukraine, is sitting in a shipyard in the German port of Hamburg and local authorities said there were no plans to deliver it to its owner.Hamburg authorities denied that they had seized the more-than-500-foot (150 meter) Dilbar superyacht, which boasts a 25-meter swimming pool and is worth nearly $600 million.
Russian Troops Enter Strategic Ukrainian Port of Kherson
Russian troops were in the center of the Ukrainian port of Kherson on Thursday after a day of conflicting claims over whether Moscow had captured a major urban center for the first time in its eight-day invasion.Russia's defense ministry said it had captured Kherson on Wednesday but an adviser to Ukrainian President Volodymyr Zelenskiy responded that Ukrainian forces continued to defend the Black Sea port of about 250…
Shipwrecks Podcast Launches with Archaeologist James Delgado
Marine trade feature author and shipwreck enthusiast, Kathy A. Smith, has launched a podcast dedicated to the people and the science of maritime archaeology.The first episode releases on November 3, and Smith’s first guest is Dr. James P. Delgado, former director of maritime heritage for NOAA, and noted expert in the field. Delgado has written more than 36 books, given hundreds of presentations worldwide and has been part of two popular TV documentary series – The Sea Hunters…
Ocean Yield Sells Chemical Tanker to Navig8
Shipowner Ocean Yield has completed the sale of the Navig8 Amessi chemical tanker to Navig8 Chemical Tankers.Navig8 Chemical Tankers Inc. had in January declared…
Monjasa Acquires Two Tankers
Monjasa remains active in the market for secondhand tonnage following the acquisitions of three tankers earlier this year. The oil and shipping group on Thursday revealed additional ownership of the two tankers, Monjasa Leader (68,589-dwt) and Monjasa Refiner (13,051-dwt) for floating storage and bunker operations in West Africa.Monjasa recently took delivery of the two vessels Monjasa Leader (formerly Cabo San Antonio) in Algeciras…
Meet the CIO: Erika Graziuso, Crowley
Erika Graziuso, Chief Information Officer, Crowley, brings a breadth and depth of non-maritime experience to bear in her quest to drive Crowley’s digital transformation in the name of decarbonization, holistic transportation efficiency and crew attraction and retention.Emulating best practices from industries outside of maritime has been a mantra in boardrooms and conferences for decades, as traditional maritime mindset has…
UAB-Online: Digitizing Vessel Handling Workflow
UAB-Online, creator of a digital platform for optimizing liquid bulk shipping, said it is offering a freemium model for deep sea and inland terminals to give operators rapid access to its software-as-a-service (SaaS) platform.With the freemium model, deep sea and inland terminal stakeholders can rapidly experience firsthand the platform’s benefits, which include making vessel handling operations more efficient…
DNV, Singapore's MPA Extend Maritime R&D MOU
DNV and Singapore's Maritime Port Authority (MPA) have agreed to continue their collaboration on decarbonization and digital innovation in the maritime industry, signing a new three-year Memorandum of Understanding (MOU) at the Singapore Norway Innovation Conference.The initiative's scope includes decarbonization, digitalization and talent development for sustainable and smart maritime ecosystems.
Chinese Shipyards Feast on Record LNG Tanker Orders as S.Korea Builders Fully Booked
China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners turn to its shipbuilders for the specialty vessels because long dominant yards in South Korea are fully booked. Three Chinese shipyards - only one of them having experience building large LNG tankers - won nearly 30% of this year's record orders for 163 new gas carriers, claiming ground in a sector where South Korea usually captures most of the business.
EXMAR Deploys Inmarsat's NexusWave Connectivity Service Across Fleet
Inmarsat Maritime, a Viasat company, is rolling out its NexusWave connectivity service across the fleet of Belgian gas shipping company EXMAR to support ship-to-shore communications and crew connectivity.The deployment targets EXMAR’s growing fleet of gas carriers operating globally in high-demand environments, where the company aims to strengthen links between vessels and shore-based teams while improving…
