Penfield Marine, Macquarie Group Execute Carbon Neutral Voyage
Tanker operator Penfield Marine and Macquarie Group’s Commodities and Global Markets division announced the execution of Penfield’s first carbon-neutral voyage in a collaboration that will enable Penfield Marine to offer environmentally differentiated freight products to its customers.The structure achieves carbon-neutral freight by retiring carbon offsets sufficient to cover the carbon footprint of an entire voyage…
Nichols Brothers Delivers Fourth Tug to Foss
Nichols Brothers Boat Builders (NBBB) said it has delivered the final vessel in a series of four new tugs for Foss Maritime.The ASD-90 tractor tugs Jamie Ann, Sarah Avrick, Leisa Florence and Rachael Allen were completed and delivered between April 2020 and June 2021. Foss, a division of the Saltchuk company, will station two of the vessels in Los Angeles/Long Beach, while the other two vessels will…
GasLog Partners Names Enoizi CEO
GasLog Partners announced its directors appointed Paolo Enoizi, currently Chief Operating Officer (COO) of the Partnership’s General Partner, GasLog Ltd., and GasLog Partners…
Lithuania Seeks Alternative Bids for LNG Import Terminal
Lithuania is seeking alternative bids from providers of floating liquefied natural gas (LNG) terminals to potentially replace its existing import terminal, operator Klaipedos Nafta said on Friday.The
Belships Sells Its Oldest Bulk Carrier
Dry bulk shipping company Belships ASA said it has entered into an agreement to sell of the oldest vessel in its fleetThe 2007-built 55,000 dwt bulk carrier Belfri…
Sovcomflot Charters Two More LNG Carriers to TotalEnergies
PAO Sovcomflot (SCF Group) has received confirmation from TotalEnergies of the exercise of its option for two further next-generation 174,000-cubic-meter-capacity liquefied natural gas (LNG) carriers.
Ballast-water-free LNG Bunker & Feeder Vessel Granted AIP
A "ballast-water-free” liquefied natural gas (LNG) bunker and feeder vessel concept from GTT and Hudong Zhonghua Shipbuilding Group Co. (HZ) has received approval in principle (AIP) from the classification societies China Classification Society (CCS) and DNV.The AiPs recognize the compliance of the vessel design with the rules and codes relating to ocean-going vessels, their construction and equipment.According to GTT…
South Korea's Container Squeeze Throws Exporters into Costly Gridlock
Unable to get a slot on a container vessel, Lee Sang-hoon is considering using fishing trawlers docked for repair in the South Korean port of Busan to meet surging export orders for the car engine oil he sells to Russia."China is the black hole in this shipping crisis, all the carriers are headed there," said Lee, owner of Dongkwang International Co. in Busan which makes about 20 billion won ($17.60…
Grimaldi Group’s Fifth Hybrid RoRo Christened
The fifth in a series of 12 hybrid ro-ro ships for the Grimaldi Group has been christened in the port of Catania.Built by the Chinese Jinling shipyard in Nanjing, Eco Catania and its sister vessels already in service in the Mediterranean are part of the GG5G (Grimaldi Green 5th Generation) class, which rank among the largest and most eco-friendly ro-ro ships in the world.With a transport capacity of more than 500 trailers…
Baltic Dry Index Posts Fifth Straight Weekly Rise
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, posted gains for a fifth straight week on Friday as capesize rates strengthened.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 19 points, or 0.6%, to 3,300 and was up 0.5% for the week.The capesize index was up 86 points, or 2.4%, at 3,735, rising 6.4% since last week.Average daily earnings for capesizes, which typically transport 150,000-
Cruise Ship Runs Aground near Canton, Kentucky
The U.S. Coast Guard responded Thursday to the aground cruise vessel American Jazz near Canton, Kentucky."American Jazz is aground near mile marker 62 on the Cumberland…
VIDEO: U.S. Offshore Wind Opportunities Abound for Both Local and Foreign Firms
The U.S. government has recently announced plans to promote offshore wind, with a goal to have 30 gigawatts (GW) of offshore wind capacity installed by 2030, and a whopping 110GW of offshore wind by 2050. It has also committed to supporting the development of a sustainable local offshore wind supply chain, which is set to benefit from $136 billion expected to be spent on U.S. offshore wind development in the U.S. within this decade, as estimated by World Energy Reports.
Dominicana Caribbean Shipyards, the New Face in Caribbean Shipbuilding and Repair
Ciramar Shipyards and Fassmer Technical Projects ink a deal to Create Dominicana Caribbean ShipyardsCiramar Shipyards signed a strategic alliance with Fassmer Technical Projects that establishes the basis for cooperation in various areas, including design and construction of new ships and multipurpose vessels manufactured in the Dominican Republic. The scope of the deal also includes maintenance, manufacture and local marketing of mechanical products…
