Woodmac: 10% of Marine Fuel to be Scrubbed
Recent research from Woodmac makes some fairly bold and insightful predictions on the future of maritime fuel as the clock ticks toward 2020 and new fuel rules from the IMO that will dramatically reduce the level of sulfur emissions from ships.* Research firm Woodmac sees a rise in the use on ships of "scrubbers", the equipment to clean up sulfur emissions, before the International Maritime Organization imposes new rules from Jan.
U.S. Soybean Inventories at Record Levels
U.S. soybean supplies as of Dec. 1 were the biggest on record as demand for the oilseed fizzled amid a trade war between the United States and China, the U.S. Agriculture Department said on Friday.USDA also trimmed its forecast of the U.S. soybean crop harvested last fall to 4.544 billion bushels from its previous estimate of 4.600 billion bushels.Soybean stocks as of Dec. 1 stood at 3.736 billion bushels. That compares with 3.161 billion bushels a year earlier, which had been the record.
Next Generation of Z-Tech Tugs Arrive
At the end of 2018, Gulf Island Shipyards completed the first of ten Z-Tech 30-80 tugs, five of which were ordered by Bay Houston Towing Company through its operator G & H Towing Company in Galveston, Texas. The Z-Tech 30-80 tug Mark E. Kuebler evolved from the previous Z-Tech 7500 design for the same owner. Once again, the design team and client worked seamlessly addressing operational challenges the vessel will face.
Int'l Ice Patrol Resumes Operations for 2019 Season
The Coast Guard International Ice Patrol announced it has commenced operations for the 2019 ice season as of Feb. 5, 2019 and will resume production of the North American Ice Service (NAIS) daily iceberg warning products from its operations center in New London, Connecticut.The International Ice Patrol generates the iceberg warnings from February through August, when icebergs pose the greatest threat to transatlantic shipping.
U.S. Coast Guard Looks beyond Mooring Lines
Strength, Safety and Sustainability are at the heart of this Homeland Security stakeholder’s mission set.For over 30 years, high performance fiber rope manufacturer Phillystran has worked with the U.S. Coast Guard to supply mooring and towing lines. As innovations in fiber rope technology have enabled lighter and stronger ropes, the Coast Guard has not been slow to take advantage of these and other developments.In step with most maritime stakeholders…
Two Injured in Lifeboat Mishap
A Coast Guard aircrew flew two men to the hospital after they were injured falling overboard with a lifeboat from a tanker 70 miles east of Chincoteague, Wednesday.The…
Aker Solutions Revenues Up 8%
Aker Solutions reports Q4 2018 revenue of $813 million, an 8% rise compared to Q4 2017 powered by “significant international awards in a competitive, but improving market.” In total, order intake for the quarter was $615.6 million, leaving the company with an order backlog of more than $4 billion. Better still, looking forward the company sees “continued signs of a recovery in the global market” with…
