Prysmian to Build US Subsea Cable Plant
Italy's Prysmian plans to invest around 200 million euros ($226 million) to build a plant in the U.S. to produce submarine power transmission cables, CEO Valerio Battista said to the media in remarks confirmed by a company spokesman.The plant, to be built in Brayton Point, Mass., is part of two contracts worth a total of almost $900 million that the world's largest cable maker has won in the Unites…
Indonesia Says It Will Allow Stranded Rohingya Boat to Seek Refuge
Indonesia will allow a boat packed with Rohingya which had become stranded off its coast to dock in the Southeast Asian country, its security ministry said on Wednesday, after calls from aid organizations to allow the vessel to seek refuge.Local officials in Aceh, a province on the western island of Sumatra said on Tuesday that they would provide the roughly 120 passengers on board with food, medicine and water…
Oil Firms Predict Rising Output, But Warn of Higher Costs
U.S. oil and gas executives are predicting higher production and drilling activity next year as oil prices climb, but say they face sharply higher costs, according to a poll released on Wednesday by the Federal Reserve Bank of Dallas.Some 49% of executives surveyed said they aim to expand output next year, while 15% said their main focus would be to maintain existing production levels and 13% plan to focus on reducing debt.
UK Royal Navy Testing Crewless Minehunter
The U.K. Royal Navy said it is testing a new crewless minehunter as part of its drive toward autonomous systems.Developed through a joint Anglo-French Maritime Mine Counter Measures program, the system is designed to detect the latest mine threats while reducing the risk to the lives of those searching for them. It comprises an uncrewed surface vessel, towed sonar and a portable operation center, and…
Oil Prices Hold Near $80 on Tight Supply and Stocks Drop
Oil prices held close to $80 a barrel on Wednesday as global supply outages and declining U.S. inventories offset worries that rising coronavirus cases might reduce demand.Brent crude rose to as much as $79.20 a barrel before retreating to trade 24 cents down on the day at $78.70 by 1427 GMT. U.S. West Texas Intermediate (WTI) crude edged 32 cents lower to $75.65 after touching $76.17.Both contracts are trading near their highest in a month…
World's First All-electric Tanker Launched
An all-electric, battery-powered tanker—said to be the world's first—has been launched at the Koa Sangyo Co., Ltd. shipyard in Japan.The new vessel, named Asahi, was built for Japanese shipping company Asahi Tanker Co., Ltd. and is scheduled to enter service in Tokyo Bay as a bunker fuel supply ship following completion and delivery in late March 2022. The 62-meter-long vessel has a tank capacity of 1…
Cruise Ship with COVID-19 Outbreak Docks in Mexico
Mexico on Tuesday allowed a cruise ship to dock and disembark tourists in spite of an outbreak of COVID-19 on board, as the government vowed to keep the country open to cruise vessels provided sanitary precautions are met.The ship, Ms Zuiderdam, with some 2,000 passengers and crew, docked in the port of Guaymas in the northern state of state of Sonora, state and federal authorities said.In a statement…
Carnival Says Most Itineraries Unchanged as Omicron Cases Rise
Carnival Corp (CCL.N) said on Tuesday a majority of its ships' itineraries were unchanged despite a surge in cases of the Omicron coronavirus variant, which has threatened to stall a recovery in the cruise industry.The world's largest cruise operator, however, said a few destination ports were reviewing their protocols and processes due to the fast-spreading new variant.Many passengers and media reports…
Bunker Holding Will Not Appeal Conviction for Syria Jet Fuel Exports
Fuel supplier Bunker Holding, its chief executive and a subsidiary have decided not to appeal a conviction handed to them by a Danish city court for breaching European Union sanctions, the parties said on Wednesday."Bunker Holding, Keld R.
LNG Newbuilds Drives Svanehøj to Record Order Intake in 2021
Demand for LNG-fuelled newbuilds is growing across the shipping industry, and with it Danish pump specialist Svanehøj reports it has quadrupled its sales of fuel pump solutions in 2021 and is heading for an all-time high order intake. 2021 has been a record year for new LNG dual-fuel shipbuilding contracts, which has a very positive impact on the order books at Svanehøj. The company reports 2021 was a banner year with an order intake of nearly $122 million…
CETO JIP to develop Low Pressure Solutions for CO2 Ship Transport
Equinor, Shell, TotalEnergies, Gassco and DNV announced the kick-off of a new JIP to develop low-pressure solutions for the transportation of CO2 by ships. The CETO (CO2 Efficient Transport via Ocean) JIP will carry out the technology qualification of a low-pressure ship design and identify solutions to scale CO2 transportation volume, while reducing the associated risks, to support the development of opportunities in CCS.
Odfjell Builds New Tank Bay at Odfjell Terminal Houston
Odfjell is constructing a new tank bay at Odfjell Terminal Houston (OTH), continuing to expand and invest in its terminals platform to support ongoing regional growth in the chemical industry.The company is investing in and expanding its terminals platform with the addition of a new, modern, automated tank bay. Bay 13 at Odfjell Terminals Houston (OTH) will increase capacity by approximately 9% to 413,400 cubic meters (cbm).
India's Adani Nears First Coal Load from Controversial Australian Mine
India's Adani Group is preparing to ship the first coal cargo from Australia's most controversial mine, after battling a seven-year campaign by climate activists and defying a global push away from fossil fuels.The Carmichael mine in outback Queensland state is likely to be the last new thermal coal mine to be built in Australia, the world's biggest coal exporter, but will be a vital source of supply…