US Trade Deficit Reaches Record High
The U.S. trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, and the gap could widen further as the nation's economic activity rebounds faster than its global rivals.Manufacturers lack the capacity to satisfy the surge in demand because of resource constraints and bottlenecks in the supply chain. Inventories are very lean. Demand is being driven…
Columbia Shipmanagement, Seatrans Form Ship Management JV
Columbia Shipmanagement (CSM) announced it has partnered with Norwegian ship owner and operator Seatrans AS to form a ship management joint venture.The company will be named Stödig Ship Management AS will become operational from the beginning of May 2021, operating out of Seatrans’ offices in Bergen, Norway. All Seatrans’ staff will remain employed in the company.Mark O’Neil, president and CEO of CSM…
New LNG Bunker Barge Planned for Port of Tacoma
Puget LNG and GAC Bunker Fuels have signed a memorandum of understanding to cooperate in the supply of liquefied natural gas (LNG) marine fuel from Puget LNG’s terminal to GAC’s customers in the Pacific Northwest.When the Tacoma LNG Terminal becomes operational in the second quarter of 2021, it will be the first such terminal on North America’s west coast providing direct shoreside loading access for a bunker barge.GAC Bunker Fuels…
How Event-driven Technologies Can Transform the Shipping Industry
The Suez Canal blockage laid bare many of the challenges being faced by the global shipping industry today. With 12% of global trade passing through the canal each day, the total revenue lost from delayed, damaged or lost goods due to its blockage is estimated to be up to $10 billion. Many of the organizations that faced a logistical nightmare in the face of the Ever Given blockage struggled to respond…
Lack of Continuous Monitoring An Issue in Shipyard Fire -NTSB
A 2020 fire aboard a dive support vessel docked at a Larose, La. shipyard was able to start and spread without notice because no one was continually monitoring the vessel while fire detectors were shut off during repairs, the National Transportation Safety Board said in a report issued Tuesday.The April 16, 2020, fire aboard the Iron Maiden at the Allied Shipyard caused $900,000 in damage, and no injuries were reported.
Fairlead Licenses Rafnar's ÖK Hull for US Builds
Portsmouth, Va.-based Fairlead said it signed an exclusive agreement with the Icelandic company Rafnar to build its patented ÖK Hull in the U.S. for both manned and unmanned applications.“This is very exciting news for Fairlead,” said Fairlead president, Fred Pasquine. “Rafnar has similar agreements with companies in several other countries, but Fairlead is the first company to partner with Rafnar…
US Coast Guard Rolls Out New Mentoring Program
The U.S. Coast Guard launched an innovative and modernized approach to mentorship Saturday, to offer expanded leadership opportunities to the Coast Guard active duty, reserve and civilian workforce. The program goes beyond traditional mentoring and provides four types of mentoring tracks or connections tailored specifically to individual needs and scheduling preferences. Additionally, program participants…
Gibbs & Cox Wins $20 Million Contract from NSWC Philadelphia
U.S.-based naval architecture and marine engineering firm Gibbs & Cox, Inc. announced Tuesday that the Naval Surface Warfare Center, Philadelphia Division (NSWCPD) awarded the company a $20 million prime contract.The NSWCPD provides the Navy's primary technical expertise for naval machinery research and development and in-service engineering, as well as machinery cybersecurity and lifecycle engineering.Gibbs…
Egyptian Court Rejects Appeal Against Ever Given Detention in the Suez Canal
An Egyptian court on Tuesday ruled that the containership which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its detention, a judicial source said.The Ever Given, one of the world's largest container ships, got jammed across the canal on March 23 and remained stuck for six days, stopping traffic in both directions.It has been held in a lake between two stretches of the canal since being dislodged on March 29…
Atlas Copco Compressors Provide Air Power for RRS Sir David Attenborough
One of the world's most advanced polar research vessels is equipped with Atlas Copco marine-duty compressors.The RRS Sir David Attenborough, commissioned by Natural Environment Research Council (NERC), built by Cammell Laird and operated by British Antarctic Survey, is a research platform engineered to transform how shipborne science is conducted in the Polar Regions. Its commissioning is part of a…
Rio Tinto Charters Up to Six Bulkers from Eastern Pacific Shipping
Singapore-based tonnage provider Eastern Pacific Shipping (EPS) said on Tuesday it has entered into an agreement with mining and metal producer Rio Tinto to charter three newly built liquefied natural gas (LNG) dual-fueled Newcastlemax bulk carriers, with an option for three more.The 210,000 DWT ships will be built in China at New Times Shipbuilding and are scheduled for delivery starting from the second half of 2023.EPS CEO…
Elliott Bay Design Group Promotes Reeves and Complita
Naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) announced changes to its executive leadership team following the recent appointment of Robert Ekse as president.John Reeves, PE, PMP has been promoted to principal in charge, responsible for overseeing technical projects and providing direction and engineering support. He will maintain his current duties and responsibilities as director of business development.Michael Complita…
DESMI Extends BWMS Range with Two New Units
DESMI developed two new ballast water management systems (BWMS) covering bulker solutions and ships sailing in IMO waters only or primarily: CompactClean Bulker and CompactClean OptIMO. “Not all ships are engaged in global trade but rather in regional or domestic trade, and as such a significant part of the world fleet will never, or only rarely, enter U.S. waters. Such vessels can benefit of a BWMS solution that is optimized to IMO requirements and not U.S.
Alfa Laval Starts New PureBallast 3 Production Line in China
Alfa Laval will soon fire-up its new production line for Alfa Laval PureBallast 3 in Qingdao, China.According to Alfa Laval, the majority of PureBallast 3 installations occur at Asian shipyards, even when the vessels themselves are flagged in other regions. When the global wave of ballast water treatment system retrofits begins to subside in 2024, Asian shipyards will become even more dominant as the focus shifts to newbuilding.
Lebanon, Israel Resume Talks on Maritime Border Dispute
Lebanon and Israel resumed U.S.-mediated talks on Tuesday over a dispute about their Mediterranean Sea border that has held up hydrocarbon exploration in the potentially gas-rich area, an official Lebanese source said.The longtime foes held several rounds of talks in October - a culmination of three years of diplomacy by the United States - hosted by the United Nations at a peacekeeper base in southern Lebanon.But negotiations stalled after each presented contrasting maps outlining proposed bord
Galoni Named CEO of Thordon Bearings
Anna Galoni was appointed chief executive officer (CEO) of Thordon Bearings Inc., a Thomson-Gordon Group company.Galoni joined the Burlington, Ontario-headquartered company in 2007 after graduating from Queens University with a Masters’ Degree in epidemiology. Prior to her appointment in April, she held a number of senior roles in various departments including human resources director, new product development director and…
Klausen Named CEO at Dan-Bunkering
Dan-Bunkering appointed Claus Bulch Klausen as its new Chief Executive Officer (CEO) effective May 1st, 2021, when the company commenced its new fiscal year.Klausen, who has been with the company since April 2004, has held several key roles within Dan-Bunkering, most recently as Head of Operations and as part of Dan-Bunkering’s leadership team.
Port of San Diego to Double Shore Power at Cruise Terminals
The Port of San Diego is doubling shore power capability at its B Street and Broadway Pier cruise ship terminals to improve air quality and reduce greenhouse gas emissions on and around San Diego Bay.The Board of Port Commissioners approved $4.6 million in funding for the project as well as various agreements related to equipment purchasing, construction and installment of additional shore power equipment…
Search Ends for Survivors from Capsized Smuggling Boat Near San Diego
The U.S. Coast Guard on Monday called off its search for more survivors from a boat that capsized off a rocky shoal near San Diego in what authorities said was an ill-fated migrant-smuggling operation that left three dead and five hospitalized.The 40-foot trawler-style vessel with 32 people aboard overturned and broke apart on Sunday near the Point Loma Tide Pools, part of a federal marine national monument about 20 miles north of the U.S.-Mexico border…
UK Hydrographic Office Appoints Peter Sparkes as Chief Executive
The U.K. Hydrographic Office (UKHO) announced the appointment of Rear Admiral Peter Sparkes as the new chief executive and accounting officer. Sparkes will be leaving the Royal Navy to take up the role.As chief executive, Sparkes will continue to lead the organization’s important work in supporting safe, secure and thriving oceans. This includes the UKHO’s work in support of Defense and merchant shipping.
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