Rand Completes American Steamship Acquisition
New Jersey-based Rand Logistics said Thursday it has completed its $260 million acquisition of rival Great Lakes shipping company American Steamship Company (ASC)…
Australia Pressing Yang Ming to Pay for Container Cleanup
Dozens of containers lost from a ship at sea have been recovered off the coast of Australia as the country's maritime authority continues to press the vessel's owner to pay the $11 million cleanup costs.The 63 boxes plucked from the bottom of the Tasman Sea are among more than 80 lost from Yang Ming's containership YM Efficiency about 20 miles from shore in June 2018. The Australian Maritime Safety…
Sailing Beyond Coronavirus
A new reality demands a new approach. Asbjørn Halsebakke, Product Manager, Yaskawa Environmental Energy / The Switch, argues that we can’t afford to let the greatest opportunity within the current crisis slip away.We can’t celebrate a pandemic. People are dying. Economies are crashing. Unemployment rates are rocketing. We are distanced – from those we love, but also from our immediate past. Life as we know it has been turned upside down. So, we can’t celebrate.
Powering the Emissions Revolution
Beneath the decks of vessels across the U.S. a quiet revolution is underway. Inside their underbelly is a high-tech set of components that work in unison – quietly humming together to push vessels through the water without a splash.The technology isn’t new. In fact, it has been powering cars and buses for years. However, with the rise in planet-warming greenhouse gases, it’s now making its way to the open water and creating a new wave of clean transportation.
Flow Batteries Tested For Zero-Emission Marine Propulsion
A new project, FLO-MAR, has attracted funding from MarRI-UK’s Clean Maritime Call to assess the feasibility of using flow batteries in vessels to enable zero-emission marine propulsion and auxiliary power. Four UK organizations will work together on the project to investigate how the design of electric and hybrid ships, from ferries through to tugs and wind farm vessels, can be optimized to accommodate…
Trump Administration Issues Maritime Advisory on Sanctions
The Trump administration on Thursday issued guidelines to help ship owners and insurers avoid the risks of sanctions penalties, standards that maritime players and a senior State Department official said were modified following months of discussions with industry.The guidelines, known as a Global Maritime Advisory, concern sanctions on Iran, North Korea and Syria. The State Department said it is committed to disrupting sanctions evasion and smuggling of goods…
Disney Suspends Cruises Through July 27
Walt Disney Co announced on Wednesday it has suspended all new departures on its Disney Cruise Line through July 27 as the coronavirus outbreak continues.On its website, the company said guests currently booked on affected cruises will be offered either a credit to be used for a future sailing within 15 months of their original sail date, or a full refund.As a result of the “No Sail Order” issued by the U.S.
Halter Marine Cuts Steel for US Navy Berthing Barge
Pascagoula, Miss. shipbuilder VT Halter Marine Inc., a company of ST Engineering North America, said it has cut first steel for the fourth Auxiliary Personnel Lighter…
Iran's Oil Exports Dwindle to Record Low
Iran's oil exports have sunk to a record low as the coronavirus crisis compounds the impact of U.S. sanctions already limiting shipments, underlining the diminishing oil clout of what was OPEC's second-largest producer.Exports averaged 70,000 barrels per day in April, down from 287,000 bpd in March according to Kpler, which tracks the flows. The difficulty assessing volumes means the total may be revised higher and Kpler told Reuters that could possibly be to as much as around 200…
Seaspan Selects Alfa Laval's Steam Solution
Seaspan Ship Management selected Alfa Laval to help resolve steam balance and redundancy issues connected to sulfur-compliant fuels. The solution – an integrated steam boiler plant comprising oil-fired steam production, waste heat recovery, advanced control and connectivity – will be implemented on eight Seaspan-owned large container ships.Prior to the IMO global sulfur cap’s entry into force, Seaspan Ship Management made the decision to work with sulfur-compliant fuels on its container vessels.
ClassNK AIP to NYK Line, MTI for Autonomous Ship Framework
ClassNK granted an Approval in Principle (AiP) to NYK Line and MTI for their joint project on the concept design of an autonomous ship framework (development code “APExS”).In January 2020, ClassNK released its “Guidelines for Automated/Autonomous Operation of ships" which comprehensively summarize the requirements for each stage of conceptual design, design development, installation, and maintenance…
US Sails Warship Near Taiwan
The U.S. navy said on Thursday it had sailed a guided-missile destroyer through the sensitive Taiwan Strait, a week before Taiwan President Tsai Ing-wen’s inauguration for a second term in office amid rising tension with China.China, which considers Taiwan its territory, has been angered by the Trump administration’s strong support for the island, such as increased arms sales.Beijing-Washington ties have also been buffeted by fallout from the coronavirus pandemic and disputes over trade.The U.S.
ABS Offers IHM Surveys Remotely
ABS has added Inventory of Hazardous Materials (IHM) Survey as remote choices.ABS is delivering IHM remote survey to support clients ahead of the December 31, 2020…
Hartmann Orders ME-LGIP Engines for LPG Tankers
MAN Energy Solutions won a contract to supply individual MAN B&W ME-LGIP (Liquid Gas Injection Propane) dual-fuel engines to three 5,000-cubiic-meter-capacity liquefied petroleum gas (LPG) tankers currently under construction by CIMC Sinopacific Offshore & Engineering Co., Ltd. (CIMC-SOE) in Shanghai for German shipping company Hartmann Gas Carrier.Each newbuilding will receive a propulsion package featuring one 5S35ME-LGIP engine with an Alpha controllable pitch propeller…
Norwegian Cruise Line Swings to $1.88 Billion Loss
Norwegian Cruise Line Holdings Ltd swung to a quarterly loss on a $1.6 billion impairment charge as the COVID-19 pandemic brought the global cruise industry to a virtual standstill.Cruise operators have been hammered by the curbs to contain the spread of the virus, with extended port quarantines in Japan and California due to deadly outbreaks on some cruise ships adding to the worries.The company said on Thursday it posted a net loss of $1.88 billion…
Apply Now for the MN100
Marine News magazine is now accepting entries for its annual MN100 awards edition. Each year, the publication's August issue profiles 100 of the top firms in the shallow-draft, brown water, workboat space. Is your company one of the best? Apply now.The 100 companies selected will be featured in the largest BPA-audited b-to-b publication in this genre. OEMs, service providers, shipyards, operators and the full gamut of marine-related businesses are eligible.
Tax Quirk Sees Russia Buy Diesel From China and S.Korea
Rare cargoes of diesel from China and South Korea have started to arrive in Russia due to a quirk in Russia's tax system which is making fuel shipments from abroad more profitable, data from traders and Refinitiv Eikon showed on Thursday.Because of a local tax scheme, Russian oil firms are due to make higher payments to the government despite a slump in oil prices due to excess supplies and the economic…
Thyssenkrupp, Union Call for Further Shipbuilding Consolidation
Thyssenkrupp and Germany's largest union IG Metall on Thursday called for further consolidation of the country's warship sector, saying a tie-up of rivals Luerssen and German Naval Yards (GNYK) did not go far enough.Late on Wednesday, Luerssen and GNYK announced they would combine their defense divisions to create a national champion, a move that has backing from the German government.Thyssenkrupp…
ABS’ Wiernicki: “COVID-19 will function as threat, a disruptor and catalyst for change”
As COVID-19 and a historically weak energy market wreaks havoc on the maritime industry, Christopher J. Wiernicki, CEO, American Bureau of Shipping, tells Maritime Reporter & Engineering News in its May 2020 edition that “COVID-19 will function as threat, a disruptor and catalyst for change, driving class further away from calendar maintenance towards predictive operations. The industry will accelerate its digitally driven movement into condition-based approaches and real-time…
Japan Spot LNG Import Prices Hit Record Low
Prices for spot liquefied natural gas (LNG) cargoes imported into Japan, the world's biggest buyer of the fuel, fell in April to their lowest since the country's trade ministry started compiling data in 2014. The latest low for LNG cargoes into Japan - reflecting actual prices paid rather than those derived from surveys or indices - highlights the evisceration of demand for gas, along with other commodities, brought about by the coronavirus pandemic.
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