No Need for a Jones Act Waiver -AMP
America's maritime industry has hit back at a recent request by U.S. shale drillers to waive the Jones Act, a law requiring goods transported between U.S. ports to be carried on ships that are built, owned and operated by Americans.The American Exploration and Production Council, which represents independent oil firms that have been thrashed by an oil price war between Saudi Arabia and Russia and the fallout from the global coronavirus outbreak…
Valaris Gears up for Possible Debt Restructuring
Offshore oil driller Valaris PLC is exploring debt restructuring options as it grapples with a rig accident and a broader collapse in energy prices, people familiar with the matter said on Friday.Valaris has tapped debt restructuring attorneys at law firm Kirkland & Ellis LLP for advice on ways to rework its roughly $6.5 billion debt pile, and is exploring enlisting a turnaround firm that specializes in urgently addressing stressed finances to bolster its roster of advisers…
Saipem Inks Deal with Equinor on Floating Solar Farm Tech
Italy's Saipem has reached an agreement with Norway's Equinor to develop technology to build floating solar power farms close to the coast, the energy contractor said.The agreement is between Saipem's high-value services unit Moss Maritime and the Norwegian energy firm."The agreement with Equinor goes in the direction taken by Saipem and Moss Maritime to develop new technologies related to clean energy…
Italy-bound Cruise Ship had 36 COVID-19 Cases During Marseille Stop
An Italian cruise ship bound for the Italian harbor of Savona had 36 people on board infected with the coronavirus when tests were undertaken on passengers during a stop in the French port of Marseille, French authorities said on Friday.A Marseille area prefecture official told Reuters that he could not comment on how many of those infected had disembarked and how many were still on the ship, which was due to leave Marseille on Friday evening to sail to Savona.On Thursday and Friday…
California Asks Trump to Deploy USNS Mecy to LA 'Immediately'
California’s governor on Thursday asked President Donald Trump to send a U.S. Navy hospital ship to the port of Los Angeles “immediately” as the state braces for an expected surge in the number of coronavirus cases over the next eight weeks.Trump said earlier this week the Navy hospital ships Mercy and Comfort would be pressed into service, one on each coast, as healthcare systems become badly strained during the pandemic.But U.S.
FMC Revokes PVO for French America Line
French America Line Prohibited from Offering, Advertising, or Conducting Passenger CruisesFrench America Line, a domestic passenger vessel operator (PVO), is prohibited from offering…
Crowley Charters Newbuild Tug from Brusco
Crowley Maritime Corp said Friday its marine services group has entered into a bareboat charter with Brusco Tug and Barge for an all new RApport-design tractor tug to serve Pacific Northwest and California ports, performing ship assist and harbor escort work.The vessel, which Crowley will rename Hercules after delivery next week, was designed by Robert Allan Ltd., and constructed by Diversified Marine in Portland, Ore., for Brusco.
Coast Guard Cadet Tests Positive for COVID-19
A U.S. Coast Guard Academy Cadet has tested positive for COVID-19 after returning from a spring break trip to Europe.The cadet, a 20-year-old male, was in Spain along with six other cadets and a civilian friend when they were ordered to return to the U.S. based on the Presidential Proclamation suspending travel from Europe.Upon returning home to Florida, the cadet became symptomatic and sought treatment…
ACL Expects to Emerge from Chapter 11 Soon
American Commercial Lines Inc. (ACL) said on Friday it expects to complete its recapitalization and emerge from Chapter 11 in the coming weeks after the U.S. Bankrptcy Court for the Southern District of Texas, Houston Division confirmed the company's pre-packaged plan. ACL announced it would implement the recapitalization plan in February. Upon emergence, the company will receive $200 million in new…
Baltic Index Posts First Loss in 6 Weeks
The Baltic Exchange's main sea freight index fell on Friday, posting its first weekly fall in six weeks, weighed by lower panamax and supramax vessel rates.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 5 points, or 0.8%, to 625.For the week, the index dipped 1%, its first weekly decline in six.The panamax index declined 43 points, or 5.1%, to 807, recording its 10th straight fall.
Coronavirus: How to Beat it
In the wake of the pandemic COVID-19, maritime training companies Seagull Maritime and Videotel have launched a new program called: “Coronavirus- How to Beat it.”Available free to the maritime industry, the program outlines the common symptoms that seafarers need to be aware of and details the key precautions that individuals onboard can take to minimize the spread of this highly contagious virus.Frequent…
UAE Bans Ship Over Fuel Breach
The world's number two container line MSC is in talks with the United Arab Emirates after the Gulf country banned one of their vessels from entering its waters over what authorities said was a breach of tough new sulphur emissions rules for ships.This is one of the first punitive actions taken by a jurisdiction since regulations came into effect in January which make it mandatory for ships to use fuel with a sulphur content of 0.5%, down from 3.5% previously, or install devices that strip out th
China's Reefer Situation Improving
Chinese port workers have made progress to move a logjam of refrigerated containers that has disrupted supplies of fresh and frozen food and pushed up freight rates outside China amid the coronavirus outbreakFrench container carrier CMA CGM told customers on Friday that the reefer plug utilization has improved in Chinese ports, and almost all reefers diverted to other ports are in the process to be…
Dredging: Essential Critical Infrastructure Workforce
On Thursday, the U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) released guidance to help state and local jurisdictions and the private sector identify and manage their essential workforce while responding to COVID-19.The Dredging Contractors of America (DCA) helped the federal government develop this first-of-a-kind guidance on Essential Critical Infrastructure…
Container Shipping Firms Brace for Coronavirus Hit
Leading container shipping firm A.P. Moller-Maersk scrapped its 2020 earnings forecast on Friday, while rival Hapag-Lloyd warned of slowing growth until at least June, as the coronavirus pandemic takes a heavy toll on global tradeThe container shipping industry, a bellwether for international trade, has been blown off course by the new virus, which brought parts of China to a standstill before spreading around the world…
FSL Trust Names Wenker CFO
Singapore-based First Ship Lease Trust (FSL Trust) has appointed Markus Wenker as chief financial officer, to replace Alan Mitchell, who is retiring.Wenker will take over the role and responsibilities May 4, following a handover process.Wenker was most recently head of ship finance at Hellenic Bank from 2016. Previously, he held a number of roles at HSH Nordbank from 2002 to 2016.FSL Trust's current fleet of 16 vessels comprises containerships and a variety of tankers.
France Sends Warship to Evacuate Coronavirus Patients
France will use a helicopter warship to transfer coronavirus patients in critical condition from Corsica to hospitals in the southeast of the country, its armed forces minister said on Friday.As of Thursday, there were 162 confirmed coronavirus cases on the Mediterranean island.
Video: IMO Secretary General Kitack Lim Weighs in on COVID-19
International Maritime Organization (IMO) Secretary-General stressed vital need to maintain commerce by sea and protect seafarers' welfare in face of coronavirus shutdown.IMO Secretary-General Kitack Lim issued the following statement addressing the effect of the coronavirus pandemic on the shipping industry and the global supply chain:The spread of the coronavirus has placed the entire world in an unprecedented situation.
Eye on Maritime Design: Better Ferries by (EBDG) Design
Elliott Bay Design Group is a well-known, long tenured Seattle-based naval architecture and marine engineering firm.We checked in with John Waterhouse, Chief Concept Engineer at EBDG, for insights on some of the design elements on the new Staten Island Ferries.Elliott Bay Design Group (EBDG) served as the design lead on the new “Ollis” class of Staten Island Ferries. “We started with them at the end 2014 to make a preliminary design investigation…
U.S. Clean Energy Sector Seeks Subsidies to Keep Projects Moving
Wind and solar energy companies on Thursday called on Congress to pass tax incentives that would help the sector avoid project delays and keep financing flowing amid a pandemic that has choked off supply chains and slowed construction.In a letter to House and Senate leadership, seven clean energy trade groups asked lawmakers to extend deadlines that would allow their projects to qualify for generous…
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