Maritime Industry Top News
Adani Ports to Boost Trade Lanes with Joint Haifa Port Acquisition
Adani Ports and Special Economic Zone said its acquisition of Haifa Port with a local Israeli partner will boost trade lanes with the company's Indian ports and could better connect Europe and the Middle East in the longer term.After a two-year tender process, Adani Ports and local chemicals and logistics group Gadot clinched the 4.1 billion shekel ($1.18 billion) winning bid for Haifa Port, Israel announced on Thursday.Adani Ports will have a 70% stake and Gadot will hold the remaining 30%…
Technip Energies, X1 Wind, Partners to Deliver Important Floating Wind Project
The European Commission has chosen Technip Energies, X1 Wind, and a consortium of ten international entities, to deliver the NextFloat project, a program aimed at accelerating industrial-scale floating wind.NextFloat project's main objectives are to demonstrate a competitive, sustainable, and integrated floating offshore wind solution optimized for deep waters and to accelerate the industrial-scale deployment of floating offshore wind.
Edda Wind’s New Offshore Wind Vessel Launched in Spain
Edda Wind’s new Service Operation Vessel Edda Goelo (C416) was launched at Astilleros Balenciaga shipyard in Spain on Friday.Edda Goelo will serve as a mother vessel for wind turbine technicians as they perform maintenance work on offshore wind turbines. When completed, the new SOV will start operations for wind turbine maker Siemens Gamesa at Iberdrola’s offshore wind farm in the Saint-Brieuc Bay off France in the third quarter of 2023.
Russian Fuel Oil Cargo Arrives in Cuba as the Island Ramps Up Imports
A tanker carrying Russian fuel oil arrived in Cuba on Thursday, bringing supplies for the Caribbean nation's sputtering power plants and giving Russia an outlet…
Baltic Sea Freight Index Posts Weekly Gain as Capesize Rates Jump
The Baltic Exchange's main sea freight index , tracking rates for ships ferrying dry bulk commodities, logged its first weekly gain since mid-June, as a jump in capesize rates outweighed declines in other vessel segments.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 140 points, or nearly 7%, at 2,150 points, its highest since July 4. It rose 4% for the week.The capesize index rose 462 points…
U.S. Coast Guard Medevacs Offshore Vessel Crewmember with Heart Attack Symptoms
A 52-year-old man was medevaced Thursday from an offshore supply vessel about 36 miles southeast of Grande Isle, Louisiana.Watchstanders at Coast Guard Sector New Orleans received a call stating a crewmember aboard the offshore supply vessel Warren Thomas was reportedly experiencing heart attack and stroke-like symptoms. The watchstanders directed the launch of a Coast Guard Air Station New Orleans MH-65 Dolphin helicopter crew to assist.The helicopter crew arrived on the scene…
New Crewing Mandate Could Be a 'Gut Punch' to U.S. Offshore Wind Projects
The U.S. House has this week passed the National Defense Authorization Act (NDAA), in which it attached a provision that would change rules for manning offshore vessels in U.S. waters, with the goal of fostering American jobs in the U.S. offshore wind sector, however, the move could be counterproductive.According to American Clean Power (ACP), which has slammed the move, the U.S. Coast Guard Authorization Act contains a provision that requires…
Tech File: P&O Adopts Hull Stress Monitoring for new Hybrid 'Super Ferries'
Light Structures tapped to deliver custom fiber optic solution for stress and fatigue measurement with real-time decision supportLight Structures AS won the contract to provide a Hull Stress Monitoring System for two new hybrid-power, double-ended RoPAX vessels under construction at Guangzhou Shipyard International (GSI) in China for P&O Ferries. Delivery, installation, and commissioning is expected to be completed within 2022.Measuring 230m long with 3…
IMLI Director Attard Wins International Maritime Prize
The outgoing Director of the IMO International Maritime Law Institute (IMLI), Professor David Joseph Attard, has been selected by the IMO Council to be the recipient of the International Maritime Prize for 2021. Professor Attard was nominated for the award by the Republic of Malta. In the nomination, the impact that Professor Attard has had on the maritime world, particularly via his three-decade-long role at IMLI was highlighted.
Indonesia Jails Captain of Tanker Arrested for Illegal anchorage
The captain of a fuel tanker arrested by the Indonesian navy in May on suspicion of illegally anchoring in its waters has been jailed for 15 days and fined 200 million rupiah ($13…
Container Shipping: "Fluctuating fortunes for Ocean and Air Freight out of Far East
While spot rates head in the right direction for ocean freight from the Far East to the South America East coast, short-term air freight rates are failing to take off on major intra-Asian and long haul trades, according to Xeneta.“Certainly, as far as ocean freight rates are concerned, the long-term market tends to play catch-up with the spot market, with around a three-month delay,” said Peter Sand, Chief Analyst, Xeneta.
Beirut Port Fire Revives Trauma ahead of Blast Anniversary
A fire smoldering for days at Beirut port has revived painful memories of the explosion that devastated the Lebanese capital in 2020, with the government struggling to find a way to extinguish it as the second anniversary of the blast approaches.The fire has been burning slowly in the ruins of the port's grain silos, giving off an orange glow visible at night from neighborhoods that were most badly damaged by the Aug.
Israel Sells Haifa Port for $1.2B
Israel said on Thursday it will sell Haifa Port, a major trade hub on its Mediterranean coast, to winning bidders Adani Ports APSE.NS of India and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18 billion).Gadot and Adani made it to the end of a two-year tender process that Israel hopes will lower import prices and help shorten notoriously long wait times at Israeli harbors."The…
Yaskawa, Corvus Team Up to Develop Short-Circuit Limiter for Maritime Battery Packs
Finland-based power electronics specialist Yaskawa Environmental Energy/The Switch is partnering up with maritime energy storage system (ESS) manufacturer Corvus Energy to continue the development of its smart Battery Short-Circuit Limiter (BSCL) protection device for large-scale battery solutions and advanced DC power distribution.Under the three-year memorandum of understanding (MoU), Corvus Energy…
U.S. Ports Have Highest Demurrage and Detention Charges in the World, Report Shows
Container xChange's latest annual benchmark study of demurrage and detention charges recently showed that the ports in the U.S have the highest demurrage and detention (D&D) charges among the top 60 ports worldwide. Demurrage and detention tariffs have two main purposes: (1) compensating the shipping line for the use of its container and (2) encouraging the merchant to return the container as soon as possible for the shipping line to re-use it and have a fast turnaround.
Cummins Names Rumsey Its First Female CEO
Cummins said Thursday that Tom Linebarger will end his term as Chief Executive Officer (CEO) and Jennifer Rumsey, President and Chief Operating Officer (COO), will assume the role of President and CEO.Rumsey will be the seventh CEO and first woman to lead the company since it was founded in 1919. "Linebarger will continue to serve as Chairman of the Board of Directors and in an Executive Chairman role…
Wartsila to Slash Up to 450 Jobs in Italy
Wartsila will scale down its manufacturing in Trieste, Italy, in a move that might involve about 450 job cuts, the Finnish engineering group said on Thursday.Wartsila said it plans to centralize its 4-stroke engine manufacturing in Vaasa, Finland, while its Trieste site will focus on research and development, among other activities.(Reuters - Reporting by Boleslaw Lasocki; editing by Jason Neely)
Hezbollah: 'No one' will Extract Gas From Maritime Zones if Lebanon Unable To do So
The head of powerful armed group Hezbollah warned on Wednesday that "no one" would be allowed to operate in maritime oil and gas fields if Lebanon was barred from its "rights" in extracting from areas off of its own coast."If you don't give us the rights that our state is asking for ... then we could flip the table on everyone," Sayyed Hassan Nasrallah said in a televised address."If you want to get to a formula where this country is barred from taking advantage (of these fields)…
Reach Subsea Takes Volstad's Deep Cygnus Vessel on a 4-year Charter
Subsea service provider Reach Subsea has chartered Volstad Maritime's offshore construction vessel Deep Cygnus for four years, with an option to extend for one year.The…
ConocoPhillips to Take 30% Stake in Sempra's Port Arthur LNG project
ConocoPhillips said on Thursday it would take a 30% equity stake in Sempra Energy's Port Arthur liquefied natural gas (LNG) plant in Texas, as the U.S. oil and gas producer expands its LNG business to meet soaring demand.Western sanctions on Russian fuel has choked an already undersupplied market and sent buyers scrambling for the heating fuel.
