Oil Firms to Spend $53Bn at Stabroek Block
Global oil firms are preparing to spend more than $53 billion in Guyana’s coveted Stabroek Block during the coming decade.According to Rystad Energy research, recent…
Repower of the Tug Gretchen H
As sometimes happens with boats in the maritime world, the recent repower of a tug shone a light on a pair of well known independent companies. The tug Gretchen H. (ex Harry Olsen, Polar Breeze) was built by Rodriguez Shipbuilding of Coden Alabama in 1997 and is currently owned, since 2005, by Boyer Towing.The Gretchen H is a good solid boat and her owners decided she was well worth a new set of engines. At 80 by 30 feet she has an eleven foot depth.
France, Australia Downplay Tensions over Submarine Deal
France and Australia reaffirmed their commitment to a A$50 billion ($34 billion) submarine deal on Friday, seeking to defuse tensions after French shipbuilder Naval Group raised concerns over the capability of Australian contractors.Australia signed a production contract with Naval Group in February 2019 for a fleet of 12 attack-class submarines, ending a two-year wrangle over one of the world's most…
US Ports Get More Than $280 Mln in MARAD Grants
The U.S. Department of Transportation’s (USDOT) Maritime Administration (MARAD) announced that it has awarded more than $280 million in discretionary grant funding through the new Port Infrastructure Development Program. This funding is designed to improve port facilities at or near coastal seaports.The Port Infrastructure Development Program supports efforts by ports and industry stakeholders to improve facility and freight infrastructure to ensure our nation’s freight transportation needs…
Baltic Index Inches Up Amid Virus Outbreak
The Baltic Exchange's main sea freight index inched up on Friday and registered its first weekly gain in ten weeks as firm panamax vessel rates outweighed losses in the coronavirus-hit capesize segment.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, edged up 4 points, or 1.0%, to 425.For the week, the main index gained over 2.4%, breaking nine straight weeks of declines.The capesize index fell 10 points to negative 294…
Stowage Deficiencies Caused YM Efficiency Containers Loss -Report
Deficiencies in the cargo stowage arrangement ultimately caused the YM Efficiency to lose 81 containers while sailing in heavy seas off Australia in June 2018, the Australian Transport Safety Bureau's (ATSB) investigation revealed.The Liberian-flagged vessel was en route from Taiwan to Sydney when it suddenly rolled heavily in strong gale force winds and rough seas, causing the ship to lose 81 containers overboard and another 62 containers to be damaged.
Coronavirus Leaves China-bound Tankers Stranded
The coronavirus's effect on energy markets is worsening, as the sharp fall in demand in China, the world's largest importer of crude, is stranding oil cargoes off the country's coast and prompting shippers to seek out other Asian destinations.More than 1,360 people have died from the coronavirus in China, which has disrupted the world's second largest economy and shaken energy markets, with international…
Cruise Industry Seeks to Limit Coronavirus Risks
The plight of the cruise ship off Japan with more than 200 coronavirus infections and the shunning of another by five ports despite no known cases has led to a sharp change in tack for an industry in shock: avoid Asia.To that end, many cruises in the region are being cancelled while others currently sailing are being re-routed, skipping originally scheduled stops in China, Hong Kong and Singapore.Royal…
Tech File: Grain Monitoring System for Loaded Barges
Purpose-built for storage challenges brought on by climate change and geopolitical tensions, TeleSense has introduced its cellular SensorSpear Monitors to protect post-harvest grain.TeleSense…
Coast Guard Orders Bouchard Assets to be Tied Up
The U.S. Coast Guard has ordered three of Bouchard Transportation Company's tug and fuel barge units currently anchored in New York Harbor to be moved out of anchorage and moored at a safe berth until additional safety inspections determine they are fit to return to service.The order from the U.S. Coast Guard Captain of the Port of New York and New Jersey is the result of recent safety checks determining…
Total Extends Processing Contract with CGG
Paris-based geophysical firm CGG announced that Total has renewed its contract to operate the oil major’s Dedicated Processing Center (DPC) in Pau, southwest France…
Siemens Hands Over BorWin3 to TenneT
The BorWin3 offshore wind grid connection project in the German North Sea has been handed over to the German/Dutch transmission grid operator TenneT, by contractors…
Port of Blyth Hails UK's Freeport Vision
Port of Blyth, one of the UK’s leading offshore energy support hubs, and its partner, Energy Central, has supported the announcement from the UK Government of a…
APM Terminals Poti in Expansion Mode
International container terminal operating company APM Terminals said that its Poti Seaport Terminal in Georgia has re-initiated the process of obtaining the necessary…
PSA Marine Buys Peruvian Towage Co
Singapore towage and pilotage company PSA Marine has moved into the South American market with the acquisition of Tramarsa Flota, a Peruvian towage company.Tramarsa…
DP World Acquires Ukraine's TIS Terminal
Marine cargo handling company DP World has agreed to acquire a majority 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine, subject to the satisfaction of certain conditions…
Port of Rotterdam Throughput Flat in 2019
The largest seaport in Europe Port of Rotterdam saw a freight throughput of 469.4 million tonnes in 2019, fractionally higher than in 2018 (469 million tonnes).According to a release…
Ships to Face 30% Higher Costs at Panama
The Panama Canal will begin collecting a freshwater surcharge from ships using the waterway from 15th February, as part of actions to address a scarcity of rainfall…
IMO's Women in Port Management Course
To encourage More women are joining the maritime ranks in a variety of professions within the industry and with a view to continuing the momentum to empower women in the maritime community…
TenneT Intros 2GW Offshore Grid Plans
European transmission system operator TenneT has announced plans to build two 2 GW offshore grid connections in the IJmuiden Ver wind energy area, having entered…
