US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year
The Biden administration on Friday took a procedural step towards holding an auction for oil and gas drilling rights in the Cook Inlet off the coast of Alaska next year.The move is the latest effort by the U.S. Department of Interior to comply with a court order to resume oil and gas lease sales that President Joe Biden paused shortly after taking office in January.The Department of Interior's Bureau…
'Containergeddon' Drives Sugar, Rice Shippers Back to Bulk Carriers
Food traders are switching from containers back to dry bulk vessels to transport refined sugar and rice, hoping to avoid shipping delays caused by container shortages and port congestion that the industry is calling "containergeddon", according to traders.Container-based transportation has been hit by sky-high costs and delays amid booming shipping demand, while container terminals at ports struggle to deal with the flow.Commodities such as refined sugar…
Marshall Takes the Helm as CEO of Ecochlor
Ecochlor’s Board of Directors (BOD) has appointed Andrew Marshall as its Chief Executive Officer (CEO), effective immediately, replacing Steve Candito.In making the announcement Ecochlor said that Candito will continue to support the company as a senior advisor to the Ecochlor BOD and leadership team. “When Andrew joined Ecochlor in 2019 as Vice President of Business Development he started the process…
Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project
Italy's biggest banking group Intesa Sanpaolo could help fund Novatek's Arctic LNG 2 project even as some European governments show lukewarm support for the giant Russian gas project."We are studying the dossier ... though no decision has as yet been taken," Antonio Fallico, chairman of group unit Banca Intesa Russia, told Reuters on Wednesday.Fallico said the bank had been invited to look at the financing deal by SACE…
Shell Expects Ida-hit Offshore Platform to Restart in November
Shell said on Friday it expects an offshore transfer facility, which was shut due to damage from Hurricane Ida, to be operational in the first half of November, restarting production of a popular Gulf of Mexico crude grade earlier than expected.The oil major was the hardest-hit producer from Ida, which tore through the Gulf of Mexico in August and removed 28 million barrels from the market.Shell previously said it expected its West Delta-143 offshore facility…
VIDEO: Jack-up Vessel Drops Turbine Blades Overboard at Vattenfall's Ormonde Offshore Wind Farm
MPI Offshore, an offshore installation service firm owned by Van Oord, last week accidentally dropped three wind turbine blades into the sea, while conducting scheduled…
Damen Delivers Two Multi Cats to Brabo in Antwerp
Antwerp-based Brabo Group has held a naming ceremony for a Multi Cat 1506 and a Multi Cat 1908 delivered by Damen Shipyards Group. The group’s cleaning division, Brabo Cleaning Company, has secured a contract with Port of Antwerp to maintain a pollution-free environment in the harbor.The naming ceremony took place at Brabo’s headquarters in Antwerp on October 21. The vessels were sponsored by Annick de Ridder and Yasmine Janssen.After securing the contract, Brabo required the vessels quickly.
Marine Coatings: Propspeed Targets Commercial Sector for Growth
Propspeed launched a new kit packaged specifically for the commercial marine trade professional. Rusty Morgan, VP of Sales & Operations, Americas, discusses with Maritime Reporter TV.New Zealand-based Propspeed, a maker of underwater foul-release coatings for 21 years, recently signaled its intention to enter full-force into the commercial maritime space with the launch of its first coatings kit packaged specifically for the commercial marine trade professional.
Wind Propulsion Conference Set for Webb Institute
What: Natural Propulsion in Ship DesignWhen: November 16, 2021Where: Webb Institute, Glen Cove, NY (broadcast live)Hosts: Webb Institute, Marin Institute, and Wind Support NYCA new conference on the use of natural propulsion in the global shipping industry will take place in New York on November 16, 2021, hosted by Webb Institute in Glen Cove, NY, and broadcast live.The conference aims to introduce…
ZIM Scoops Up Seven Secondhand Box Ships in October
Israeli container shipping company ZIM Integrated Shipping Services Ltd. said that during the month of October it purchased seven secondhand containerships amid continued high demand and vessel shortages.The vessels, purchased in a number of separate transactions, were built between 2007-2009 and include five 4,250 TEU vessels and two 1,100 TEU vessels, for a total consideration of approximately $320 million…
Bollinger Delivers USCGC John Scheuerman
Bollinger Shipyards has delivered the newest Sentinel-class Fast Response Cutter (FRC), the USCGC John Scheuerman, to the U.S. Coast Guard in Key West, Fla. nearly one week ahead of schedule despite a three week shutdown due to the significant damage sustained to Bollinger’s facilities during Hurricane Ida. The storm made landfall in late August near Port Fourchon, La. as a Category 4 storm. Bollinger’s facilities in Port Fourchon…
Exmar, Lattice Working on 40,500 m3 CO2 Carrier
Exmar, a company owning gas carriers and FSRU units, has partnered up with Lattice Technology to develop a new type of CO2 carrier."With the global need to decarbonize the atmosphere and our world economy heavily relying on a secure energy supply, one of the promising fast-track solutions to cover both opportunities Carbon Capture Utilization and Storage (CCUS). To achieve sustainable CCUS projects…
Belship Secures Charter Deals for Two Bulk Carriers
Olso-listed bulk carrier operator Belships said Friday it had secured charters for two of its vessels.Belships said the period time charter contracts secured were…
Lebanon-Israel Maritime Border Talks Need to Be Quick, U.S. Mediator Says
The U.S. mediator for indirect talks on border demarcation between Lebanon and Israel said on Thursday that the negotiations he was hoping to revive should be concluded in a short period if they were to succeed.Amos Hochstein, speaking to Al Hadath TV during a visit to Beirut, said holding the indirect talks last year between the two sides in the presence of the United States and the United Nations…