Jones Capital Acquires Rockport Terminals
Jones Capital said it has acquired Rockport Terminals, one of the largest private intermodal terminals on the Texas Gulf Coast.Rockport Terminals is located within 28 miles of the fast growing Port of Corpus Christi, but outside of the Port's tariff zone. With more than 250 acres of industrial land, Rockport Terminals boasts access to the Intracoastal Waterway, nearby railways and many major highways.
Vineyard Wind Taps DEME to Install Wind Turbines off US East Coast
U.S. offshore wind developer Vineyard Wind has contracted Belgium-based DEME for the offshore transport and installation of the wind turbine generators for the first largescale offshore wind installation in the United States.DEME's U.S. arm DEME Offshore US LLC will team up with American maritime services contractor FOSS Maritime Company LLC to help construct the Vineyard Wind 1 project off the coast of Massachusetts.
Cocaine Seized From Bulker Anchored Near Annapolis
More than 44 pounds of cocaine was seized from a Marshall Islands-flagged bull carrier anchored in the Chesapeake Bay near Annapolis, Md., on Wednesday.The drugs were discovered during an early morning examination by officers and agents from the DEA, U.S. Customs and Border Protection, Homeland Security Investigations, U.S. Coast Guard, and Maryland Department of Natural Resources Police aboard the 958-foot Samjohn Solidarity.
Marubeni/Klaveness Pool Allowing Shipowners to Switch Between Floating and Fixed Rates
Marubeni and Torvald Klaveness' joint venture panamax bulker pool is offering pool partners the option to convert freely between floating and fixed rate, at any given time, in line with forward market levels.The companies, which announced the merging of their panamax pool activities through the MaruKlav joint venture in June 2020, said the newly expanded "MaruKlav 2.0" structure allows owners to utilize market peaks to lock-in fixed earnings at preset target levels.Michael Joergensen…
Horizon Maritime Signs On to Support Titanic Dive
Canadian offshore services company Horizon Maritime has signed on to support a dive mission to explore the wreck of the Titanic.OceanGate Expeditions, the crewed submersible exploration company leading the mission, selected the multipurpose offshore support vessel (OSV) Horizon Arctic to serve as the surface support vessel for the expedition scheduled to take place later this year.The RMS Titanic shipwreck lies approximately 2…
Suez Blockage May Lead to Large Reinsurance Claims, Broker Says
The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.Formal investigations began this week into how the giant container ship Ever Given ran aground in the canal, shutting down shipping in the major global waterway for almost a week.The incident…
Suez Canal Says 87 Ships to Pass Through on Thursday
The Suez Canal Authority said 87 ships were expected to pass through the waterway in both directions on Thursday, as it tries to clear a backlog since re-opening on Monday.A total of 194 ships have already passed through between Monday night, when a giant container ship blocking the crucial international trade route was re-floated, and Wednesday, the Suez Canal Authority said.The six-day blockage caused by the 400-meter-long Ever Given had caused a back-up of more than 400 vessels, which authori
Austal USA Launches USS Canberra
Mobile, Ala. shipbuilder Austal USA launched the future USS Canberra (LCS 30) into the Mobile River on March 30.USS Canberra is one of 19 Independence-variant littoral combat ships (LCS) that the U.S. Navy has contracted Austal to build. Twelve have been delivered to date.The 418-foot vessel is the first Navy ship that Austal has launched in 2021, and it is the first to launch from Austal's recently…
Minerva Gas Inks Maintenance Deal with Wärtsilä
The technology group Wärtsilä said it has signed long-term maintenance agreements covering five liquefied natural gas (LNG) carriers owned and operated by Greece-based Minerva Gas Inc.Included in the scope of the agreements is Wärtsilä’s Expert Insight, a service that leverages artificial intelligence (AI) and advanced diagnostics to monitor equipment and systems in real-time, spot anomalies, foresee potential problems…
New Guidance Published on Marine Transport of Ores and Concentrates
Updated guidance from the International Council on Mining and Metals (ICMM) outlines the techniques required for accurate hazard assessment of ores and concentratesAiming to help minimize the risk of accidents in maritime transportation, the Hazard Assessment of Ores and Concentrates for Marine Transport: Guidance 2021 brings the previous guidance issued in 2014 in line with recent regulatory updates…
Suez Canal Must Upgrade Quickly to Avoid Future Shipping Disruption
Egypt's Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping disruption, shipping industry sources said, as the major trade route tries to bounce back from a costly six-day closure.International supply chains were thrown into disarray on March 23 when the 400-meter-long (430-yard) container ship Ever Given ran aground in the canal, with specialist rescue…
Mozambique: Ferry Carrying Survivors from Deadly Militant Attack on Gas Town Arrives in Pemba
A boat carrying more than 1,000 survivors of a highly organized, deadly attack by Islamic State-linked insurgents in northern Mozambique arrived in the port of Pemba on Thursday, a Reuters reporter and a diplomatic source said.Aid workers were at the crowded port to give food to those disembarking from the green and white ferry, while police and soldiers kept control of crowds of people excited to see their relatives rescued after the attack that began last week in Palma…
The Value of Friends in “High-Latitude” Places
Who do you call when you need a job done on short notice, in total darkness, under 100-percent ice cover, thousands of meters at the bottom of the sea? In the case of the U.S. Office of Naval Research (ONR), you call your friends in Norway.That is exactly what the Chief of Naval Research Rear Admiral Lorin C. Selby did when he enlisted the help of the Norwegian Coast Guard icebreaker and offshore patrol vessel, the CGV Svalbard, to retrieve oceanographic moorings containing irreplaceable data.
Italy Approves Decree to Keep Ships Out of Venice Lagoon
Italy’s government has ruled that large cruise ships and container vessels must not pass close to Venice’s historic center and should instead dock in a different location to preserve the famed lagoon.A decree approved late on Wednesday called for public consultations on building a terminal outside the lagoon where passenger vessels over 40,000 tons and container ships can berth without passing in front of Saint Mark’s square.In the meantime…
Van Oord Confirms 1.4 GW Sofia Offshore Wind Farm Installation Deal
Dutch offshore installation company Van Oord on Thursday confirmed it had secured a contract to deliver and install monopile foundations and array cables for RWE's 1.4 GW Sofia offshore wind farm in the UK.The contract comes a little over a week after RWE made a financial investment decision for the Sofia offshore wind farm, located the Dogger Bank in the central North Sea, 195 kilometers from the North East coast of the UK.
Maritime Safety: POB Tracking Will Become Essential Offshore, Says Olympic Subsea
Keeping track of personnel on board (POB) “will be a requirement on all contracts” with offshore energy companies, predicted Tonny Sørdal, vice-president for quality, safety, health and environment of support vessel operator Olympic Subsea ASA.He was speaking just a year after one of its customers first asked for that capability and now, seven of the company’s 10 vessels have been fitted with a system that not only tracks crew and contractors while they are on board…
Riding the Tides: Interview with Jason Hayman, CEO, Sustainable Marine Energy
Harnessing the power of the tides is not for the squeamish, with the roster of trials and failures long and distinguished. Jason Hayman and his Sustainable Marine Energy crew are putting their tech to the test in one of the harshest spots on the planet, the Bay of Fundy, as his discussed with Marine Technology TV.Jason, to start, how did you come to a career in the offshore renewable energy field?I suppose my interest got piqued back in about 2003.
Gulf Marine Services Strikes New Debt Deal with Banks
Gulf Marine Services, a UAE-based provider of self-propelled, self-elevating support vessels serving the offshore oil, gas, and renewables industries, has struck a deal with banks to reduce the interest rate on its loan."Under the revised agreement the rate of interest payable by the Company on its borrowings will decrease from LIBOR +5% to LIBOR +3%, retrospectively from the beginning of this year.
Baltic Index Sees Best Quarter in Three on Gains for Larger Vessels
The Baltic Exchange's main sea freight index posted its biggest quarterly rise since June 2020 on Friday, propelled by strong gains for larger vessels, with the panamax segment marking its best quarter in over six years on robust U.S.
Coatings Giant Hempel Buys Wattyl Australia and New Zealand
Coatings manufacturer Hempel has completed the acquisition of Wattyl Australia and New Zealand, increasing its footprint in Australia and New Zealand.On 18 February 2021, Hempel A/S signed an agreement to acquire leading paint and coatings manufacturer Wattyl Australia and New Zealand from The Sherwin-Williams Company, the world’s largest paint and coatings company and headquartered in the United States.Hempel…
