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…
Corvus ESS Chosen for Danish Ferry Newbuild
Danish shipyard Hvide Sande Shipyard, Steel & Service has selected Canadian-based Corvus Energy to supply the energy storage system (ESS) for a new fully electric ferry for Molslinjen, the largest domestic ferry company in Denmark.The new ferry, designed by JJohannesson Maritime Engineering and OSK-ShipTech, will be the second all-electric ferry in Denmark. Its 12-minute trip between Fanø and Esbjerg is very popular; last year the ferries in operation carried 1.8 million passengers in total.
Zvezda Cuts First Steel for Sovcomflot Aframax
Russia's Zvezda shipbuilding complex has starting building a new Aframax tanker for compatriot shipowner Sovcomflot.The vessel is the sixth tanker build underway at the newly opened shipyard and is one of 12 Aframaxes in the builder's order book. The ice class ICE-1A ships are 250 meters long, 44 meters wide and are equipped with the Class A automation system, and can run on liquefied natural gas (LNG) fuel.Currently four Aframax tankers are under construction at the shipyard.
Stellar Banner to Be Scuttled Off Brazilian Coast
A 340-meter-long very large ore carrier (VLOC) that ran aground off the coast of Brazil earlier this year will be scuttled due to the extent of hull damage suffered as a result of the incident, Brazilian authorities said.The 300,660 dwt Stellar Banner, owned and operated by the South Korean company Polaris Shipping, ran aground while carrying iron ore bound for China from Vale's terminal in Maranhão in February.
Chinese Firms May Avoid Tankers That Have Carried Venezuelan Oil
Chinese oil companies may soon decline to charter any tanker that has visited Venezuela in the past year to avoid disruption to operations if the United States blacklists more ships for trading with Caracas, four shipping sources told Reuters on Tuesday.The U.S. government is seeking to choke Venezuelan oil exports to starve the government of socialist President Nicolas Maduro of its main source of revenue.
First Major US Offshore Wind Farm Reaches Permitting Milestone
The first major U.S. offshore wind farm, planned for the Massachusetts coast, reached a key permitting milestone on Tuesday with the release of a long-awaited federal environmental study that considers the project's impacts on fisheries and navigation.Publication of the document marks a step forward for the Vineyard Wind project, which has experienced delays over concerns that its wind turbines will hurt commercial fishing. The supplemental review by the U.S.
Port of Long Beach Reports Cargo Increase
Cargo shipments rose at the Port of Long Beach in May as the economic effects of COVID-19 started to subside.Some 628,205 twenty-foot equivalent units (TEUs) of container cargo move through the port last month, a 9.5% increase from May 2019. Imports grew 7.6% to 312,590 TEUs, while exports climbed 11.6% to 134,556 TEUs. Empty containers headed back overseas jumped 11.4% to 181,060 TEUs.The volume increases come as manufacturing in China continues to rebound from the effects of COVID-19…
Freight Planning… What About Offshore Wind…?
At the end of 2019 – December 27, to be exact – the US Department of Transportation, Office of the Secretary – filed a request for information regarding the development of a National Freight Strategic Plan (NFSP), required by the multi-year federal transportation bill, passed in 2015, called the FAST Act – “Fixing America’s Surface Transportation.”By the close of the public comment period (Feb. 10) DOT had received 82 comments.
