Upstream Sector Leads O&A M&A in 2019
A latest research revealed that the upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating…
BS Offshore SOV Readies for Sea Trials
A service operations vessel (SOV), owned and operated by Bernhard Schulte Offshore, is undergoing final tests at Ulstein Verft’s shipyard in Norway in preparation…
Wilhelmsen Delivers 3D Printed Parts to Berge Bulk
Norway-based global maritime industry group Wilh. Wilhelmsen Holding ASA announced that Berge Mafadi, a Berge Bulk vessel has received the world’s first commercial…
Port Bronka, NBG Sign Agency Pact
The owner and operator of Port Bronka Fenix LLC St.Petersburg and NBG Nouschirvan Beteiligungsgesellschaft mbH Hamburg have signed an agency agreement for the promotion…
Oakland Port Volume Jump 7.3% in January
San Francisco Bay-based container ship facility Port of Oakland said its containerized import volume jumped 7.3 percent last month over January 2019 totals.Exports were up…
Hapag-Lloyd, HHLA Form Ties
German international shipping and container transportation company Hapag-Lloyd AG and compatriot logistics and transportation company Hamburger Hafen und Logistik AG (HHLA)…
WCI Applauds Corps’ FY20 Work Plan
Waterways Council, Inc. (WCI) offered praise for Congress, the U.S. Department of Agriculture and the the U.S. Army Corps of Engineers’ for the Corps’ Fiscal Year 2020 (FY20) work plan that lays out allocations for funds provided in the FY20 Energy & Water Development Appropriations bill toward the Corps’ civil works mission. The work plan was released late yesterday.Critical to the nation’s agricultural shippers and American family farmers…
Vineyard Wind to Miss Startup Target Over Permit Delay
Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Tuesday it will miss its target to start sending power to Massachusetts by 2022 due to lengthy federal permitting delays.The Bureau of Ocean Energy Management, part of the U.S. Department of Interior, posted a revised permitting timeline on its website on Tuesday that said it will issue a final decision on the project by Dec.
LR Awards HHI AiP for Frigate Design
Lloyd's Register (LR) has awarded approval in principle (AiP) to South Korean shipbuilder Hyundai Heavy Industries (HHI) for the design of its HDF-3800 frigate.The design allows for the frigate to be equipped with modern weapons and sensors, and it will be able to undertake Anti-Air Warfare (AAW), Anti-Surface Warfare (ASuW), and Anti-Submarine Warfare (ASW) missions. Additional combat capabilities include Electronic Warfare (EW)…
Capbreton's All-Electric Passenger Ferry
Capbreton is turning to green technologies to reduce pollution of its air and waterways. The popular holiday destination on the Atlantic coast of France saw its first all-electric passenger ferry go into service in July 2019, replacing an older diesel-burning vessel.The 35-passenger aluminium vessel, called e-Boucarot, is powered by an integrated electric propulsion system developed by Torqeedo. It…
MAN's New Digital Platform Aims to Link OEM Data
Engines manufacturer MAN Energy Solutions has launched a new digital platform designed to enable the integration and exchange of original equipment manufacturers’ (OEM) data to promote industry collaboration in realizing the benefits of digital technology.The new platform, mýa, provides asset owners with a single, secure interface to data from multiple equipment manufacturers across the marine, power…
Vessel Inspections: It's All About Safety
With the announcements that New York Waterway, a ferry operator running 32 boats around New York and New Jersey waters, had been largely shut down by the U.S. Coast Guard just prior to Thanksgiving, 2019, the reactions ranged from surprise to outright shock. There was also a great deal of grumbling, as commuters, the major customer group, endured delays on New York Waterway’s extensive network across the Hudson River…
Baltic Index Near 4-year Low as Virus Mutes Shipping Activity
The Baltic Exchange's main sea freight index edged up from a near four-year low on Tuesday, while the larger capesize segment remained in negative territory, as the coronavirus outbreak in China crippled demand.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 7 points, or 1.7%, to 418.The main index slid to its lowest level since March 2016 in the previous session.Demand has already been hit strongly in China…
BSM Fined $1.75 Mln for Illegal Bilge Dumping
Operator Bernhard Schulte Shipmanagement (Singapore) on Monday pleaded guilty in federal court to maintaining false and incomplete records relating to the discharge…
Trump's FY21 Budget Request 'Inadequate' -WCI
President Trump’s Fiscal Year 2021 (FY21) budget request released on Monday is "astonishingly inadequate" says industry advocate Waterways Council, Inc. (WCI).The FY21 budget provides $0 for construction of ongoing priority navigation projects cost-shared through the Inland Waterways Trust Fund (IWTF); cuts funding for the U.S. Army Corps of Engineers’ Civil Works Mission by 22% ($5.967 billion, a $1.7 billion decrease from the FY20 enacted level)…
Offshore Wind: Half Empty or Half Full?
As a new decade starts, offshore wind development continues to progress. Actually, it’s probably more accurate to write that the development of the development of offshore wind (OFW) continues to, uh, well, develop.Apologies for that mild sarcasm. But even a quick look-back at OFW always raises the same familiar question: is the glass half empty or half full?Consider developments in the east coast…
Future Ship Fuels: Cut through the Smoke
Ship owners increasingly face complex investment decisions as they try to navigate the most efficient course to the low-carbon future. Ever since the IMO set the industry’s ambitious emission-reduction targets for 2030 and 2050, owners have been inundated with information about future fuels and technologies that may, or may not, ultimately lower the carbon footprints of their fleet.Some of the new technologies hold promise…
RAL's 3 RAstar 3300 Tugs for GPHA
Canadian naval architectural firm Robert Allan Ltd (RAL) announced that the TOR Group shipyard in Tuzla Bay (Istanbul) has delivered the Ben Owusu-Mensah, the…
K Line Orders LNGC with Hudong-Zhonghua
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has ordered two liquefied natural gas (LNG) carriers with with Hudong-Zhonghua Shipbuilding backed by long…
UKCS Mediation Pilot Launched
UK oil and gas industry regulator Oil and Gas Authority (OGA) has revealed that it has launched a year-long UK Continental Shelf (UKCS) “mediation pilot”.According to the OGA…
