Euronav Posts Record Q2 Result, but Says Floating Storage Demand Dissipating

Belgian tanker operator Euronav reported record-high second-quarter earnings on Thursday but warned that floating storage demand had eased sooner than it expected.The company, which operates shipping and storage of crude oil, benefited from soaring demand for oil storage at sea as buyers struggled to find storage space on land for surplus crude during a global economic slump caused by the coronavirus pandemic.“Tanker markets continued to deliver strong earnings throughout Q2 and into the early p
U.S. Sends First Crude Shipment to Saudi Arabia in Years

The United States sent a shipment of crude to Saudi Arabia in June, data from the U.S. Census Bureau showed on Wednesday, in what appears to be the first such delivery since the U.S. ban on crude exports ended in 2015.The United States shipped about 550,000 barrels, or 18,300 barrels per day (bpd), of crude to Saudi Arabia in June, U.S. Census data shows. The U.S. Energy Information Administration has no recorded instances of a U.S. crude shipment to Saudi Arabia.U.S.
ST Engineering Halter Marine and Offshore Upgrades 'Signet Warhorse II' Propulsion

Mississippi-based ST Engineering Halter Marine and Offshore has recently won a contract to retrofit new propulsion and maneuvering systems on an ocean towing tug, Signet Warhorse II, for Signet Maritime Corporation.The scope of work included removing existing shafts and fixed-pitched propellers to be replaced with Controllable Pitch Propellers consisting of shaft bearings and shafts. Auxiliary components…
How Technology Can Help Shipping Companies Recover from the COVID-19 Crisis

The global coronavirus pandemic has had a huge impact on society and on business. Working from home has become the new normal and many industries have quickly adjusted. But in an industry as traditional as shipping, this is causing a major shake-up, not least in the uptake of technology.According to satcom specialist IEC Telecom, the demand for digital technology has risen tenfold as maritime businesses…
Australia's New Icebreaker is Being Towed to the Netherlands

Australia’s new, nearly completed icebreaker built at Damen's Galati shipyard in Romania is traveling to the Netherlands to undergo final commissioning and sea trials that had been delayed due to the coronavirus pandemic.The Nuyina is currently under a month-long tow from Romania to the Dutch port of Vlissingen, where teams of equipment installers from Western Europe will access the new research and supply vessel (RSV) for final commissioning of essential propulsion…
Alaska Marine Lines Upgrading Its Rail Barges

Alaska Marine Lines says four of its rail barges will receive new piping and ballast systems designed by Glosten with installation by Meridian Marine Industries."The rail barges are hitting 20 years of service and were in need of some upgrades," explains John Maketa, T-115 Port Engineer in Seattle. "These barges are the backbone of our rail operations and Central Alaska service. The updates will prepare them for another 20 years of service."Two barges…
Beirut Blast Caused by Ammonium Nitrate Seized from Cargo Ship
Initial investigations into the Beirut port blast indicate years of inaction and negligence over the storage of highly explosive material caused the explosion that killed more than 100 people…
Ecochlor Receives IMO BWMS Code Type Approval

Ecochlor said it has received Type Approval from the Norwegian Maritime Authority (NMA) for the IMO BWMS Code (MEPC.300(72) / revised 2016 G8) standards. The new certification applies to the entire range of Ecochlor ballast water management systems (BWMS), with flow rates of between 500 m3/hr. and 16,200 m3/hr., meaning that vessel owners may continue to install Ecochlor’s BWMS after the IMO BWMS Code October 28…
US Cruising Pause Extended through October

The cruise industry has voluntarily suspended U.S. cruises until at least October 31, a month beyond the no-sail order date set by U.S. Centers for Disease Control and Prevention (CDC)."We believe it is prudent at this time to voluntarily extend the suspension of U.S. ocean-going cruise operations to October 31," trade group Cruise Lines International Association (CLIA) said in a statement on Wednesday.CLIA represents more than 95% of global cruise capacity…
BAE Commences Construction of Hopper Dredge

BAE Systems has begun construction on the MV Magdalen, an 8,500 cubic yard capacity trailing suction hopper dredge for Weeks Marine, Inc. Executives from the two companies gathered this week at the BAE Systems Mobile shipyard to oversee the initial cutting of steel for the vessel’s first module, which will weigh 130 tons. When complete in 2014, the entire vessel will measure 340 feet long and 79 feet wide, with a draft of 27 feet.
Three Cranes Collapse at India's Largest Container Port

Three cranes collapsed at India's largest container port on the outskirts of Mumbai due to strong winds on Wednesday, police and port officials said.Heavy rainfall has hit India's west coast since Monday night, flooding parts of the financial capital. Wind speeds picked up on Wednesday afternoon, officials said.No one was injured when the cranes collapsed at Jawaharlal Nehru Port Trust, Navi Mumbai…
SCHOTTEL Supplies Propulsion for New Expedition Cruise Ship

Following the delivery of the expedition cruise vessel Hondius in 2019, Oceanwide Expeditions ordered a second vessel from Croatian shipyard Brodosplit, due for delivery by the end of 2021.Hondius and the new sister vessel Janssonius are said to be the first vessels in the world to be built according to the LR PC6 class, which meets the latest Lloyd’s Register requirements for Polar Class 6 vessels.SCHOTTEL…
Offshore Wind Could Bring In $1.7B to U.S. Treasury by 2022

The United States has an opportunity to accelerate offshore wind energy growth, and benefit from 28 new gigawatts of wind power and $1.7 billion in U.S. Treasury revenue by 2022, according to a study released by the energy intelligence group Wood Mackenzie. Apart from the benefits to the Treasury, the offshore wind industry in the U.S. could create 80,000 jobs annually from 2025 to 2035.Commissioned by four energy industry groups…
OLT Offshore's FSRU Toscana Receives 100th LNG Cargo

OLT Offshore LNG Toscana's floating regasification unit FSRU Toscana received its 100th LNG cargo via the ship-to-ship from the Bonito LNG carrier on July 31, 2020.Per the owner, OLT Terminal has, over the years, received LNG from the main exporting countries such as: Algeria, Cameroon, Egypt, Equatorial Guinea, Nigeria, Norway, Peru, Qatar, Trinidad and Tobago, United States, Spain, Belgium, and the…
Peacekeepers on UNIFIL Ship Injured in Beirut Port Blast

A UNIFIL maritime task force ship that was docked in Beirut port was damaged and some UNIFIL naval peacekeepers were injured, some of them seriously, in a huge explosion in the Lebanese capital, the United Nations Interim Force in Lebanon said in a statement on Tuesday.“UNIFIL is transporting the injured peacekeepers to the nearest hospitals for medical treatment,” the statement said.UNIFIL is currently assessing the situation, including the scale of the impact on UNIFIL personnel, and stands re
North Arm Transport: Innovation in Towing

Founded in 1958 as an extension of the Stradiotti family businesses, North Arm Transportation has grown to be a significant fuel company on the BC coast. Over the years, the company fleet has expanded and evolved. With tugs in a range of size and power, as well as cargo and fuel barges, the company services the coast out of its headquarters in Vancouver on the North Arm of the Fraser River. They also have facilities on Mitchell Island in the Fraser and at Masset on Haida Gwaii.
Shipping's Share of Global Carbon Emissions Increases

Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, a study released on Tuesday showed, amid growing pressure on the industry to bring levels down.About 90% of world trade is transported by sea and UN shipping agency - the IMO - aims to reduce the industry’s overall greenhouse gas emissions by 50% from 2008 levels by 2050.The report - the fourth in a series commissioned by the IMO - said shipping's share of global CO2 emissions increased
Video: Ailing Crewman Medevaced from Crowley Tug

An ailing crew member was medevaced from a U.S.-flagged tug Patriarch on Tuesday, approximately 207 miles of east Turks and Caicos, and 287 miles north of Puerto Rico, the U.S Coast Guard said.The Crowley-owned Patriarch was en route from Jacksonville, Fla. to San Juan, Puerto Rico when the vessel's master contacted Coast Guard Seventh District command to request a medevac for a 59-year-old man on…
Vard Secures ABS AIP for Second SOV Design

Vard Marine (VARD) is doubling down on the U.S. offshore wind sector, having recently secured ABS Approval in Principle (AIP) for a second Jones Act service operation vessel (SOV) design.The AIP awarded in June 2020 is for a customized version of the VARD 4 19 US SOV and follows an AIP for the VARD 4 07 US SOV granted in December 2019 -- the first AIP awarded for a Jones Act SOV.The latest, larger SOV variant is designed for functions including accommodation…
Deadly Explosion Rips Through Beirut Port Area

A powerful blast in port warehouses near central Beirut storing highly explosive material killed 78 people, injured nearly 4,000 and sent seismic shockwaves that shattered windows, smashed masonry and shook the ground across the Lebanese capital.Officials said they expected the death toll to rise further after Tuesday's blast as emergency workers dug through rubble to rescue people and remove the dead.