New Report Outlines Big Potential for Offshore Wind
Offshore wind currently represents just a small piece of the worldās energy supply. But thatās changing faster than ever before as new and existing players look to tap the huge resource potentialāand market opportunitiesābeing unlocked by shrinking costs and technological advances, as outlined in a recent comprehensive market report.In the coming two decades, the rapidly maturing offshore wind marketā¦
USS Fitzgerald Exits Shipyard 3 Years After Fatal Collision
The USS Fitzgerald (DDG 62), which suffered heavy damage and nearly sank off the coast of Japan after a fatal collision with a containership in 2017, departed Huntington Ingalls Industries' Ingalls shipyard in Pascagoula, Miss. Saturday following two years of extensive repairs and upgrades. Seven U.S. Navy sailors died when the guided-missile destroyer collided with the Philippine-flagged ACX Crystal on June 17, 2017.
Djibouti Offers Crew Change Support
Djibouti announced at the United Nations Monday its readiness to facilitate crew change operations for any ships passing through the Bab el Mandeb strait, with the necessary support provided by the Djibouti Ports and Free Zones Authority (DPFZA).The East African country is responding to a joint statement from the UNās International Maritime Organization (IMO) and UN Conference on Trade and Developmentā¦
Venezuela's Oil Exports Plummet as Shipping Contracts Get Suspended
Venezuela's oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and operators suspend contracts for transporting crude oilā¦
Offshore Wind Will Bring Jobs, Growth to New Jersey, Other Coastal States
NOIA President Erik Milito issued the following statement after New Jersey Governor Phil Murphy announced the creation of the nation's first purpose-built marshallingā¦
Containership Crewman Pleads Guilty in $1 Bln Drug Bust
A crew member from the containership MSC Gayane pleaded guilty to cocaine trafficking stemming from a $1 billion bust in the Port of Philadelphia, one of the largest drug seizures in U.S. history.The 27-year-old Montenegrin Vladimir Penda entered a plea of guilty before U.S. District Court Judge Harvey Bartle III on charges of conspiracy to possess with intent to distribute 5 kilograms or more of cocaine on a vessel subject to U.S. jurisdiction, U.S. Attorney William M. McSwain announced Monday.
Waterways Council, Inc.ās 2020 Vision
Waterways Council, Inc. (WCI) is the national public policy organization that advocates for a modern, efficient inland waterways system. Abiding by our mission has meant success over our 17-year history. In 2020, WCIās top priority is to conform the cost-share for Inland Waterways Trust Fund (IWTF)-financed construction projects to require 25% of the project cost be derived from the IWTF and the remaining 75% from General Revenues.
Market Insights: Cruise Shipping ... Now What?
Heading into 2020 the cruise industry was booming. The number of passengers who went on cruises in 2019 was at an all time high, a trend mirrored by the exponential fleet growth since the 1950s. However, COVID-19 caused an industry wide shut down. Since the start of the year, ordering activity has fallen nearly 50%. This is a dramatic decrease and is unprecedented in the cruise industry, especially when compared to last year which during the same period, activity never dropped more than 10%.
Baltic Index Rises to Over 6-month High
The Baltic Exchange's main sea freight index rose to more than a six-month high on Tuesday, boosted by stronger demand for capesize and panamax vessels.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 81 points, or about 8.3%, to 1,054, its highest since Dec. 24.The Baltic capesize index jumped 206 points, or about 12.5% to 1,854, its highest since Dec.
IMarEST Names Lewis Chief Executive
The Insitute of Marine Engineering, Science & Technology (IMarEST) has appointed a new chief executive - Gwynne Lewis - who will begin the role on June 29.David Loosley, the IMarESTās current chief executive, previously announced that he will be stepping down in June of 2020, after leading the organization for over eight years, to take up the role of Secretary General and CEO of BIMCO.Gwynne has a background in marine consultancy andā¦
DNV GL Grants AiP for Hydrogen Electric System
In November 2019, electric mobility solutions provider eCap began a partnership with fuel cell technologies company Re-Fire Technology for the joint development of cross-sector fuel cell projects.The first milestone of this partnership was reached in May 2020 by achieving the āApproval in Principleā through the international classification society DNV GL for a concept of maritime Re-Fire fuel cell application.
Vigor Wins $30 Mln Ship Maintenance Contract
U.S. West Coast shipbuilder and repair provider Vigor Marine has been awarded a $30,269,098 firm-fixed-price contract for a 120-calendar day post shakedown shipyard availability of the expeditionary sea base ship Miguel Keith (T-ESB 5), owned and operated by the U.S. Navy's Military Sealift Command.Work will be performed in Portland, Ore. and is expected to be complete by December 2020.Work will include the furnishing of general servicesā¦
COVID-19 Measures Prove Costly for Crewing Sector
Measures being taken by ship operators in an effort to to ensure the safety of seafarers around the globe and the trade of vital food and supplies amid COVID-19 are proving costly as well as tricky warns a crew specialist.Henrik Jensen of Danica Crewing Services reports that they recently placed a crew of 19 of Ukrainian and Filipino nationality on to a vessel and the necessary pandemic-related procedures cost some $10ā¦
MARIN, IHC Assess DP for Autonomous SOV Project
MARIN and Royal IHC completed the dynamic positioning (DP) assessment tests for the autonomous-enabled T60-18 service operation vessel (SOV) at MARINās basins in Wageningen, The Netherlands.For the project, which is part-funded by a subsidy from TKI Wind Op Zee, shipbuilder IHC has developed technology that will allow one of its SOVs to navigate safely through an offshore wind farm and provide access to the turbines.
NORDEN, Diamond S Partner in Product Tanker Market
Two of the worldās largest owners/operators of product tankers, Denmark-based NORDEN and U.S.-based Diamond S Shipping, have created a strategic partnership, DiaNor, to facilitate the commercial consolidation of the product tanker industry.Diamond S will initially contribute 28 medium range (MR2) product tankers to the endeavor, which will be marketed and operated through the Norient Product Pool (NPP).
Australia Orders Shipowner to Recover Lost Containers
The Australian Maritime Safety Authority (AMSA) is ordering CMA CGM's APL to find and recover the remaining containers lost from the APL England off the coast of New South Wales last month.So far, Australian authorities have recovered 15 containers from the 5,510 TEU capacity containership that spilled at least 50 boxes overboard after temporarily losing propulsion while sailing from Ningbo, China to Melbourne in May.
Petrobras Charters DOF Offshore Vessel Trio
Norwegian offshore vessel operator DOF has secured long-term charters for a trio of anchor handling units with Petrobras in Brazil.DOF said Tuesday Petrobras hadā¦
Ship Power: WinGD Debuts X-DF2.0 Technology
As shipowners mull āthe fuel of the futureā and eye ever-stricter emission mandates from the International Maritime Organization, companies throughout the ship design, construction and supply chain continue to innovate to deliver optimum fuel efficiency and emission reduction.Today WinGD unveiled a new technology development to its dual fuel line of engines, a technology designed to significantly cut methane slipā¦
Weary Sailors Pose Risk to World Merchant Fleet -Kitack Lim
Hundreds of thousands of weary seafarers stuck on ships for many months and unable to go home due to the coronavirus pose a risk to the safe operation of the worldās merchant fleet, the UNās shipping chief said on Tuesday.About 90% of world trade is transported by sea and continued complications with changing over ship crews due to restrictions in some jurisdictions is still affecting supply chains despite an easing of lockdown in many parts of the world.Kitack Limā¦
Suez Canal Ship Transits Rise Amid COVID-19
Transits through the Suez Canal, the beating heart of the Egyptian economy, have stayed remarkably resilient to the fallout of the COVID-19 pandemic if judging by total transits of the three commercial shipping sectors which are up 8% year-on-year. This is despite bleak economic growth prospects world-wide following the pandemic, and highlights that shipping remains the backbone of the global economy.It is often said that a picture says more than 1ā¦
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