Maritime Industry Top News
Cavusoglu: Turkey, Egypt Could Sign Maritime Demarcation Deal
Turkey and Egypt could negotiate and sign a maritime demarcation deal in the eastern Mediterranean if their ties, which have been strained, allow for such a move, Turkish Foreign Minister Mevlut Cavusoglu said on Wednesday.Ties between them have been frosty since Egypt’s army ousted Muslim Brotherhood President Mohammed Mursi, an ally of President Tayyip Erdogan, in 2013. They have also been at odds over maritime jurisdiction and offshore resources…
Shipping Needs to Talk Market-based Measures - BIMCO
Shipping association BIMCO is encouraging states and the industry to start a dialogue on how to create a global ruleset for market-based measures (MBM) to support the use of low carbon fuels and to create a level playing field for the industry.“One way we can make the current low emission technologies competitive with traditional fuels is through some form of market-based measure. We need a mechanism that equalizes the cost between using low carbon fuels and traditional fossil fuels…
Deployment of World's First Hydrogen Tanker Delayed
Kawasaki Heavy Industries Ltd expects shipment of its first cargo of liquefied hydrogen from Australia to Japan could be delayed until the summer due to the pandemic, a company spokesman said on Wednesday.A A$500 million ($391 million) pilot project, led by Kawasaki Heavy and backed by the Japanese and Australian governments, planned to ship its first cargo of hydrogen extracted from brown coal in…
Post-Brexit Troubles Spell More Job Losses for UK Fishing Sector
Britain could lose more jobs in its fishing sector if the current delays and increased costs involved in exporting to the EU post-Brexit are not ironed out soon, industry groups told British government officials on Tuesday.Speaking at an Environment, Food and Rural Affairs (EFRA) select committee inquiry, representatives of Britain's fishing sector said small to medium-sized enterprises were especially…
Satcom Global Announces VSAT Coverage Upgrade
Satcom Global announces VSAT coverage upgrade benefitting customers operating in European and Indian Ocean waters.Satcom Global announced another extension to its Aura VSAT maritime communications network, with the addition of two new satellite beams; Astra 4a Nordic and SES-12 IOR.The Astra 4a Nordic Ku-band beam was introduced to the Satcom Global Aura network in December 2020 to support customers operating in European waters.
South African Police Seize Almost a Ton of Cocaine Inside a Ship
South African police have seized close to a ton of cocaine worth almost 600 million rand ($40 million) from a ship off the Saldanha coast, close to Cape Town, in one of the country’s largest drug busts, authorities said on Tuesday.In an intelligence-driven operation, police and tactical forces boarded the vessel on Monday evening and found 973 blocks of compressed cocaine in three compartments of the unnamed ship.“It is one of the biggest busts in the country,” Brigadier Novela Potelwa told Reut
REM Offshore's Wind Service Vessel to Feature NES Technology
Havyard Group's subsidiary Norwegian Electric Systems (NES) has won a contract to deliver energy design and smart control solution to Rem Offshore’s new vessel for the offshore wind service market. The contract was awarded by Green Yard Kleven who is building the vessel.According to NES, the vessel will be the first in this segment with a fully-integrated NES bridge system. Geir Larsen, CEO of Norwegian Electric Systems (NES)…
DOF Sells Platform Supplier Skandi Texel
Norwegian offshore vessel owner DOF Rederi AS, a subsidiary of DOF, has sold the platform supply vessel Skandi Texel.DOF said Wednesday that the vessel had been sold to a Norwegian company.
Dudgeon Offshore Wind Farm: Equinor Renews Charter for Esvagt Njord SOV
Norwegian energy firm Equinor has awarded a 5-year contract extension to Danish offshore vessel owner Esvagt for the use of the Esvagt Njord vessel at the Dudgeon offshore wind farm in the UK. The extension runs until 2026.The SOV (Service Operation Vessel) ‘Esvagt Njord’ has been servicing Equinor at the wind farm off Great Yarmouth on the English east coast since the autumn of 2016.According to the Danish company…
MSHS Group Outlines Expansion Plans
Positioned to expand both its geographic reach and service capacity, the MSHS Group announced a partnership with MPE to accelerate a strategic long-range expansion plan. MSHS Group’s growth plans include broadening its reach in the marine and energy industries with new locations, serving new market segments, and expanding its product and service offerings. The companies specialize in the integration of equipment…
Austal USA Promotes Ryder to VP
Mobile, Ala. shipbuilder Austal USA said on Tuesday it has named long-time business development executive Larry Ryder as the company’s new vice president of business development and external affairs.In this role, Ryder is responsible for all of Austal’s business development efforts, state and federal legislative activities, customer relations with the U.S. military as well as coordinating external…
Bouchard CEO Ordered to Step Down
Morton S. Bouchard, III, fourth generation leader of family-owned Bouchard Transportation, has been ordered to step down from his role as chief executive officer as the Long Island-based tug and barge operator continues to navigate through bankruptcy and a string of legal challenges.Bouchard, the company's CEO since 1992, was ordered out of his role last week by a bankruptcy judge in Houston, and Matthew…
Baltic Index Snaps Losing Streak
The Baltic Exchange's main sea freight index gained on Tuesday, snapping a four-session run of losses, helped by stronger rates in the capesize and panamax vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was up 22 points, or 1.3%, to 1,673.The capesize index, rose 57 points, or 4%, to 1,465, breaking a losing streak of eight sessions.Average daily earnings for capesizes, which typically transport 150,000-tonne car
Salt Ship Design Acquires Albatross
Norwegian-headquartered Salt Ship Design said it has completed its acquisition of Serbian naval architecture firm Albatross Ship Design.Albatross was founded in…
ABS: U.S. Offshore Wind Vessel Demand Set to Soar
It's no longer news that the U.S. is set to become the next big offshore wind market, with an IEA 2019 report forecasting 40 GW of installed offshore wind capacity in the country by 2040, which will require a $100 billion investment.To meet this expected growth, both in the fixed-bottom wind farms and the floating wind farms, the U.S. market will require a large amount of wind farm support vessels of various types…
Fairbanks Morse Delivers Engines for USS John L. Canley
Wisconsin-based power solutions manufacturer Fairbanks Morse said it has delivered four FM 6L48/60CR engines to shipbuilder General Dynamics NASSCO in San Diego for the newbuild USS John L. Canley (ESB 6). The ship is the sixth in the U.S. Navy’s Military Sealift Command Expeditionary Transfer Dock (ESD)/Expeditionary Sea Base (ESB) program and is designed to serve as a mobile sea base that provides…
Sterling PlanB Gains DNV Type Approval for Preventing Thermal Runaway
Marine energy storage company Sterling PlanB (SPBES) said it is now fully certified under new 2020 class rules for commercial vessel batteries set out by classification society DNV.As an early adopter of the certification, SPBES becomes one of the first energy storage solutions (ESS) providers to adhere to the new testing standard, which substantially mitigates the risk of the spread of fire by eliminating…
US Destroyer Docks in Sudan for the First Time in Decades
A U.S. naval destroyer docked on Sudan’s Red Sea coast on Monday in the latest sign of thawing relations with the United States, a day after a visit by a Russian frigate.The visits are a sign of international competition for influence in Sudan, which sits in a volatile region bridging the Horn of Africa, the Gulf, and North Africa, following the 2019 overthrow of long-time ruler Omar al-Bashir.Some 300 marines standing at attention aboard the USS Winston S.
Venezuelan Oil Exports Rise on Larger Sales to Asia
Venezuela’s oil exports rose in February to over 700,000 barrels per day (bpd), their highest level in 10 months, pushed by more sales of fuel oil cargoes to new clients in Asian markets, according to Refinitiv Eikon’s tanker tracking data and documents.A growing number of clients with no track record in oil trading has been helping Venezuela’s state-run PDVSA to allocate crude and fuel in Asia, especially since the U.S.
United Product Tankers Names Schoeller Co-managing Director
German shipping company UPT United Product Tankers GmbH & Co. KG said Matthias A. Schoeller has been named co-managing director, succeeding Stefan Ciegelski who…
