Italy Weighs Warships Sale to Egypt After Student Murder
Italy has yet to approve the sale to Egypt of two warships made by shipbuilder Fincantieri, as the government weighs political considerations and analyses the deal, Italy's foreign minister said on Wednesday.Rumors Rome had approved the sale raised criticism in Italy and members of the government have voiced concerns about Egypt's human rights record, especially after Italian student Giulio Regeni was tortured and murdered in Cairo in 2016.Answering questions during a parliamentary hearing…
Port of LA Cargo Volume Down 30% in May
The coronavirus pandemic and ongoing U.S.-China trade tensions threaten the peak holiday shipping season for the Port of Los Angeles, which just suffered its slowest May in more than a decade, Executive Director Gene Seroka said on Wednesday.The busiest U.S. port and the No. 1 U.S. gateway for ocean trade with China logged its slowest May since the "Great Recession" of 2009.May volume fell 30% from last year after business shutdowns aimed at controlling COVID-19 infections and U.S.
Apply Now for the MN100
Marine News magazine is 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.
Barge Grounds in St. Marys River
A salvage plan is being developed to refloat a barge that went aground in the lower St. Marys River, near Sweets Point, Mich.At 12:30 a.m. Wednesday, the U.S. Coast Guard Sector Sault Sainte Marie Command Center received notification that the 302-foot barge PML2501 towed by the 132-foot towing vessel Anglian Lady grounded in the lower St. Marys River. Both assets are Canadian and had been en route from Sault Sainte Marie, Ont. to Burns Harbor, Ind. at the time of the incident.
US Navy to Bar Confederate Flags from Ships and Bases
The U.S. Navy is working to ban the Confederate battle flag from all public spaces on Navy installations, ships and aircraft, the service said on Tuesday, as the military and the country as a whole grapple with questions about racial inequality.The Navy made the move amid protests across the United States and other countries sparked by the May 25 death of George Floyd, an Africa-American man who died after a white policeman knelt on his neck for nearly nine minutes.In a statement…
Steve Parks: 1975-2020
Steve Parks, a long-tenured and well-known maritime media marketing persona, passed away suddenly of a heart attack on June 7, 2020. He was 45.Steve began his career in maritime publishing in 1998 selling the Shipping World & Shipbuilding. He was hired by John Labdon Associates (JLA) as senior media consultant and was group sales manager for Marine Propulsion magazine from 2003-2007. He went on to serve as sales and development director at Riviera Maritime Media from 2007-2014.In 2014…
Oil Tankers Turn Away From Venezuela as More Sanctions Loom
Oil tankers that were sailing toward Venezuela have turned around and others have left the country’s waters as the United States considers blacklisting dozens of ships for transporting Venezuelan oil…
Shanghai Exchange Unveils Trading Rules for LSFO Futures Contract
China's Shanghai International Energy Exchange (INE) published rules for the low-sulphur fuel oil (LSFO) futures on Wednesday, according to the exchange's website.The new futures contract, which will be launched on June 22, will be traded at 10 tonnes per lot, according to the Shanghai bourse.The INE, a subsidiary of the Shanghai Futures Exchange, said daily price limits of LSFO futures are at 5% from the settlement price of the previous trading session and the minimum trading margin is 8% of th
LNG Carrier to Deliver Gas to US with European Stockpiles Near Full
A ship carrying liquefied natural gas from Nigeria is expected to drop its cargo in Georgia as energy firms look for a place to store the super-cooled fuel with…
DNV GL Publishes Ship Recycling Guidance
Classification society DNV GL launched a new guidance on vessel recycling to help shipowners navigate a regulatory environment that is becoming increasingly complex.With the IMO Hong Kong Convention not yet in force, strict enforcement of the EU Ship Recycling Regulation (EU SRR) and the EU Waste Shipment Regulation (EU WSR) means shipowners must carefully plan for the end of life of their vessels amid a much stricter and more complex set of international…
Wilhelmsen to Use Drones to Deliver 3D Printed Spare Parts
Wilhelmsen’s Marine Products division signed a memorandum of understanding (MOU) with Singapore-based drone delivery startup F-drones, for last mile delivery of its 3D printed spare parts.As the only drone delivery provider currently authorized by the Civil Aviation Authority of Singapore (CAAS) to execute drone deliveries beyond-visual-line-of-sight (BVLOS) to vessels at anchorage, the agreement with…
GE Delivers First Gas Turbine Module for USS Santa Barbara
GE Marine announced it has delivered its first new lightweight LM2500 composite gas turbine module to Mobile, Ala. shipbuilder Austal USA for the future USS Santa Barbara (LCS 32).GE is supplying 38 LM2500 gas turbines to Austal USA for LCS Independence variants up to LCS 38. Like all the Austal USA-built LCS, the future USS Santa Barbara will be powered by two GE LM2500 gas turbines arranged in a combined diesel and gas turbine configuration with two diesel engines.This new module…
Hyundai Heavy Industries Inks Deal with CADMATIC
South Korean shipbuilder Hyundai Heavy Industries (HHI) and Finnish software firm CADMATIC signed a technical cooperation memorandum of understanding (MOU) for the development of next-generation design systems.Through the MOU signed in April, the two companies will carry out cooperation while maintaining the technology partnership to develop next-generation design systems that will be applied to the latest technologies, such as AI, Big Data analysis, advanced modeling and drawing automation.
Stena Bulk Presents Fuel-efficient Tanker Prototype
Swedish shipowner Stena Bulk unveiled a prototype of its next-generation environmentally friendly product and chemical tanker, the IMOFlexMAX, engineered to reduce greenhouse gas emissions by more than 25% compared to typical modern product tankers.The vessel, designed by naval architects at Stena Bulk's sister company Stena Teknik, is a further development of the company's IMOIIMAX design currently in operation, but with several notable additions.
Doyle Hired to Lead the Port of Baltimore
William P. Doyle, a former U.S. Federal Maritime Commissioner, has been hired to lead the Port of Baltimore as the new executive director of the Maryland Port Administration, Maryland Governor Larry Hogan announced.Currently CEO and Executive Director of the Dredging Contractors of America, Doyle will take the helm at the Port of Baltimore effective July 22, succeeding Jim White, who announced he would step down at the end of 2019.
Wintershall Dea, Equinor Sharing Platform Supply Vessel
Norwegian oil and gas operators Wintershall DEA Norge and Equinor have signed a supply vessel sharing agreement.Under the agreement, the two companies will collaborate in supplying platforms close to Wintershall's Brage platform in the North Sea, which, will, according to Wintershall Dea Norge, substantially increase the efficiency of the company's logistics department in Norway.Brage platform's supply vessel Energy Swan will also provide services to the nearby Equinor's Statfjord A…
New Zealand's Largest Ever Naval Vessel Delivered in S. Korea
New Zealand Navy's largest ever ship Aotearoa, built by Hyundai Heavy Industries, is on its way to New Zealand, after Hyundai held a departure ceremony in its shipyard in South Korea on Wednesday.Ordered in 2016, the $493 million Aotearoa is an Auxiliary Oiler Replenishment (AOR) vessel that will be used to support Royal New Zealand Navy’s combat operations, humanitarian relief functions, and operational…
Japan's TEPCO to Spend $9-18B by 2035 on Offshore Wind, Hydro
TEPCO Renewable Power, a unit of Tokyo Electric Power Company Holdings, plans to spend about 1-2 trillion yen ($9-18 billion) to develop 6-7 gigawatts (GW) of offshore wind and hydroelectric power projects by 2035, its president said."We aim to boost our profit to 100 billion yen in 2030 from 40 billion yen now" through the investments, Seiichi Fubasami, president of TEPCO Renewable Power, told Reuters last week in an interview.Its parent TEPCO…
Enterprise Working to Address Delays with SPOT Offshore Terminal
Enterprise Products Partners LP is working with U.S. officials to advance an offshore crude terminal project after the review schedule was suspended last week, the…
