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26 Jan 2023
TORM Buys Seven LR1 Tankers
Danish tanker shipping company TORM announced it has entered into deals to acquire seven secondhand LR1 vessels. The company said on Thursday that it reached a deal on January 25 to acquire three vessels after purchasing four vessels earlier this month. The seven ships were built at Korean and Chinese shipyards from 2011 to 2013.Aggregate cash consideration for the seven vessels is $233 million, the company said…
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23 Jan 2023
Vessel Conversions Gaining Favor in US Offshore Wind
With the creation of a full-fledged U.S. offshore wind industry undoubtedly comes many opportunities for those that own, operate, build and service relevant vessels as developers work toward the nation’s goal of 30 gigawatts (GW) of offshore wind by 2030.But for every opportunity there are at least a handful of challenges, many of which have recently been amplified by supply chain volatility, inflation…
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19 Jan 2023
US Monitoring Russian 'Intelligence Gathering Ship' Near Hawaii
The United States in recent weeks has been tracking what is believed to be a Russian military spy ship off the coast of the Hawaiian Islands.The U.S. Coast Guard said in an update on Thursday that it has been keeping tabs on the vessel, a suspected "intelligence gathering ship", for several weeks. Video footage released by the agency showed the ship in waters off the Hawaiian coast on January 11.The ship has been identified as the Kareliya (SSV-535)…
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18 Jan 2023
Eastern Cuts Steel for Bridgeport-Port Jefferson Ferry
Florida shipbuilder Eastern Shipbuilding Group has cut first steel for a new auto and passenger ferry for the Bridgeport & Port Jefferson Steamboat Company.The new vessel, designed by Braintree, Mass.-based Gilbert Associates, is being constructed at Eastern's Allanton, Fla. shipyard and is scheduled for delivery in 2024.The 302-foot Subchapter H auto and passenger ferry will operate between Bridgeport, Conn. and Port Jefferson, N.Y.
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16 Jan 2023
1,000 Ships Affected by Cyber Attack on DNV's ShipManager Software
Some 1,000 vessels have been impacted by a cyber attack on DNV's ship malmanagement and operations software, the classification society has confirmed.DNV said it shut down ShipManager’s IT servers in response to a ransomware attack that hit the software on January 7. The marine fleet management solution supports management of vessels and fleets in technical, operational and compliance aspects, including maintenance and repair…
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13 Jan 2023
New Shiplift Will Expand Capacity & Flexibility at BAE Systems Jacksonville
BAE Systems announced it will spend $200 million for upgrades aimed at increasing capacity and flexibility at its Jacksonville, Fla. ship repair yard. The investment covers the preparation, construction, procurement and installation of a modern Pearlson shiplift and land-level ship repair facility, giving the yard the capability to service a greater number of vessels more efficiently.Located two miles from the Atlantic Ocean, at the intersection of the St.
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12 Jan 2023
Hapag-Lloyd Acquires Stake in the Spinelli Group
German container liner Hapag-Lloyd on Thursday announced it has completed its acquisition of a minority stake in Italy-based logistics company the Spinelli Group as global shipping firms continue to expand their port presence amid prolonged supply chain disruption.The deal was first announced in September but remained subject to the approval of antitrust authorities.With today’s closing, Hapag-Lloyd has acquired a 49% stake in one of Italy’s leading terminal and transport operators.
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12 Jan 2023
Port of South Louisiana Buys Avondale Global Gateway
The Port of South Louisiana (Port SL) said it has reached a deal with T. Parker Host to buy the Avondale Global Gateway, a logistics hub at site of the former Avondale Shipyard.The acquisition of this 254-acre facility at mile 108 of the Mississippi River will allow the port to be more competitive in traditional international trade and focus on the new frontier of renewable energy development, Port…
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11 Jan 2023
Eagle Bulk Trials Biofuels
U.S.-based dry bulk shipowner Eagle Bulk Shipping on Wednesday revealed it recently tested biofuels as a means to reduce carbon emissions from its vessel Stamford Eagle.The voyage, completed on GoodFuels' MDF1-100 sustainable biofuel, provided an approximately 80% reduction in net well-to-wake CO2 emissions compared to equivalent fossil fuel, the company said. A broad range of vessel owners and operators…
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05 Jan 2023
ATB Tug Partially Sinks in Port Milwaukee
Multiple agencies are responding to prevent any potential environmental damages after a tug partially sank at its moorings on the Kinnickinnic River in Port Milwaukee.The Coast Guard said its watchstanders at Sector Lake Michigan were notified by the National Response Center at 11:27 a.m. on Monday that the vessel Michigan, part of an articulated tug and barge (ATB) unit, began taking on water and…
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05 Jan 2023
Interview: Grant Pecoraro, US Managing Director, Incat Crowther
Grant Pecoraro, is the U.S. managing director for naval architecture and marine engineering company Incat Crowther. The Australia-based firm’s Incat Crowther USA arm has been in business for over 10 years, and the broader Incat Crowther group is approaching 50 years in business. To date, Incat Crowther has delivered more than 650 vessels, with 130 vessels currently on the order books.Please give an overview of Incat Crowther’s U.S. presence as well as its offering to the American market.
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03 Jan 2023
What’s Next for Eastern Shipbuilding?
When Hurricane Michael slammed the Florida Panhandle in October 2018, the deadly category 5 storm inflicted billions in damages to the region, tearing apart homes and businesses in its path. Among those severely impacted was Eastern Shipbuilding Group, which suffered a nearly direct hit at its Allanton shipyard, located about 15 miles east of the company’s headquarters and main yard in Panama City.Eastern…
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30 Dec 2022
Seapeak Completes Evergas Acquisition
Canadian headquartered shipowner Seapeak on Thursday announced it has completed its previously announced acquisition of Danish shipping company Evergas from France-based Jaccar Holdings.Evergas…
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28 Dec 2022
Port of New York and New Jersey Remains US' Top Container Port
The Port of New York and New Jersey has held onto the title as the United States’ busiest container port for a fourth consecutive month.In recent months, U.S. East Coast ports have reported elevated container volumes as trade diverts from the U.S. West Coast where shippers have been hindered by labor disputes and logistics bottlenecks.The Port of New York and New Jersey, which surpassed the Port Los Angeles as the nation’s busiest in August…
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28 Dec 2022
ONE Acquires Stakes in Three California Box Terminals
Japanese container shipping company Ocean Network Express (ONE) announced it has acquired controlling stakes in three California container terminals amid a push by many of the world's largest global shipping lines to expand their presence in the port infrastructure component of the logistics chain.ONE, which is jointly owned by the Japanese shipping lines Nippon Yusen Kabushiki Kaisha (NYL), Mitsui O.S.K.
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27 Dec 2022
Hundreds Evacuated from Staten Island Ferry After Engine Room Fire
Five people were injured and hundreds more evacuated after a fire broke out aboard a ferry traveling from Manhattan to Staten Island on Thursday evening, officials said.The Sandy Ground, one of the Staten Island Ferry's newly commissioned Ollis-class vessels, was carrying 868 passengers and 16 crew members when the engine room fire started shortly after 5 p.m., FDNY Deputy Assistant Chief Frank Leeb said during a press conference.First responders from the FDNY and NYPD…
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23 Dec 2022
Texas Beefs Up Security with New RHIBs
The state of Texas is putting into service a fleet of new, highly capable patrol boats as it works to detect, disrupt and deter criminal activity along the Rio Grande."Now, more than ever, it is imperative that our law enforcement officers and Texas National Guard soldiers adopt innovative solutions," Texas Governor Greg Abbott said during a recent visit tour the state’s enhanced assets along the U.S.-Mexico border.
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15 Dec 2022
Maersk Lines Up More Green Methanol Fuel Supply in the US
Danish shipping giant A.P. Moller - Maersk announced it is partnering with U.S.-based SunGas Renewables to secure a supply of green methanol to fuel its next generation of cleaner burning containerships.Under a recently signed letter of intent (LOI), SunGas Renewables, a spin-out of GTI Energy, will produce green methanol from multiple facilities that it will develop in the U.S. from which Maersk intends to offtake methanol.
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14 Dec 2022
Scorpio Exercises Purchase Option for Six MR Tankers
Monaco-headquartered shipowner Scorpio Tankers said it has exercised its options to buy back six MR product tankers from China's CMB Financial Leasing Co., Ltd.Scorpio…
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13 Dec 2022
SSI Adjusts Leadership Structure
Victoria, B.C. based shipbuilding software provider SSI announced on Tuesday that its co-owners and co-CEOs Darren Larkins and Denis Morais have made changes to the company's leadership structure.Morais will continue as CEO while Larkins will become president and CIO, the company said, noting that the title changes have been made "to better align with their roles, responsibilities and passions."Longtime…