Tekorius to Succeed Furman as Greenbrier CEO
The Greenbrier Companies, Inc., supplier of equipment and services to global freight transportation markets, announced on Tuesday that its Board of Directors appointed President and Chief Operating Officer (COO), Lorie Tekorius, as the company's next CEO and President, effective March 1, 2022. On the same date, Greenbrier's co-founder, Chairman and CEO William A. Furman will assume the newly created role of Executive Chair until his retirement in September 2022.
International Seaways Refinances Six Tankers
New York-headquartered tanker shipping company International Seaways, Inc. on Tuesday announced it has signed agreements with Ocean Yield ASA (“Ocean Yield”) for…
Shed the Satellite: Quantum Sensors hold Promise for Future GPS-Free Navigation
Don’t let the titanium metal walls or the sapphire windows fool you. It’s what’s on the inside of this small, curious device that could someday kick off a new era of navigation.For more than a year, the avocado-sized vacuum chamber has contained a cloud of atoms at the right conditions for precise navigational measurements. It is the first device that is small, energy-efficient and reliable enough…
Russian Navy Destroyer Fends Off Pirate Attack on Container Ship
A Russian Navy destroyer has fended off a pirate attack on a container ship near the western coast of Africa, Russia's Defence Ministry said on Tuesday.Destroyer Vice Admiral Kulakov received a distress signal from Panama-registered container ship Lucia en route from Togo to Cameroon on Monday, the ministry said in a statement, and dispatched a unit of marines on a helicopter to it.The pirates immediately fled…
India Receives First LNG Cargo from Yamal LNG Project
India received its first import of liquefied natural gas (LNG) from Russia's Yamal LNG project over the weekend, Refinitive Eikon LNG flows data showed.The cargo was supplied by Russian gas company Gazprom under its long-term LNG sales deal with GAIL (India) Ltd, an industry source said.The cargo on board the Marshal Vasilevsky sailed through the Northern Sea Route, Pacific Ocean, and Indian Ocean before arriving at GAIL's Dabhol terminal over the weekend…
France’s First LNG Bunker Vessel Named
The first LNG bunker vessel to be based in France has been named “Gas Vitality”, at a ceremony held today at Hudong-Zhonghua Shipbuilding, China. The 18,600-m³ newbuild bunker vessel is TotalEnergies Marine Fuels’ second collaboration with shipowner Mitsui O.S.K. Lines, Ltd (MOL) and shipbuilder, Hudong-Zhonghua Shipbuilding following the signing of a long-term charter contract in November 2019. Classed by Bureau Veritas and operated by V.Ships France under the French flag…
Second Converted Self-unloader Delivered to CSL Americas
Canadian shipping company the CSL Group said it has taken delivery of CSL Kajika, the second of two converted 77,250 DWT gravity fed self-unloading ships at COSCO Nantong shipyard, on October 22, 2021.The vessel will operate in the CSL Americas fleet as part of the CSL International Pool, where it will join sister-ship CSL Koasek, which was delivered on August 30, 2021, and is trading on the North…
Weather Hampering Efforts to Board Fire-stricken Containership off Canada
Bad weather off Canada's Pacific Coast on Monday prevented a salvage crew from boarding a cargo ship where several containers of chemicals burned over the weekend, the coast guard said.Sixteen crew members were evacuated from the MV Zim Kingston on Saturday. Five remained onboard to fight the fire, which was largely under control by late Sunday.The company has appointed a salvage crew "but due to the current weather…
FPSOs: Floating Ideas
The world’s FPSO fleet is getting older, with 55 FPSO units in the global fleet reaching the end of their design life in the next five years, with an additional five having life extension in place. With 19 more FPSOs currently being evaluated for life extension, safety issues and structural integrity concerns come to the fore? Matt Tremblay, ABS Vice President, Global Offshore, explains the challenges for FPSO operators…
MN100: The Hornblower Group
The Hornblower Group is currently in a period of major expansion, now with operations in 111 countries. Hornblower operates a fleet of about 200 vessels in three of those countries, through brands such as NYC Ferry, American Queen Steamboat Company, Alcatraz City Cruises and others. Its vessel operations range from overnight cruise ships, traditional small passenger vessels, high-speed ferries, water taxis…
Ship Breaking: Prices are on the Rise Again
In its weekly report on ship recycling, GMS reports that after the brief lull, levels have spiked in the sub-continent once again last week, pushing above $600/LDT on most available units once again.According to GMS, the current diet consists primarily of tankers and offshore vessels, such has been the strength of the dry bulk and container sectors for much of this year.The volume of tonnage seems to be increasing toward year's end…
Siemens Gamesa to Open Offshore Wind Turbine Blade Plant in Virginia
Offshore wind turbine maker Siemens Gamesa Renewable Energy will open the first offshore wind turbine blade facility in the United States.The company on Monday held a launch ceremony with representatives from state and local government authorities and wind industry partners in Virginia."This is also the first commitment by a global offshore wind turbine manufacturer in a U.S.-based supply chain," Siemens…
Sea Machines Hires Trevor Vieweg for New CTO Position
Boston-based Sea Machines Robotics, a developer of autonomous command and control systems for commercial vessels, announced Monday that it has hired Trevor Vieweg as chief technology officer (CTO), reporting to the company’s CEO Michael G. Johnson. Effective earlier this month, this new position gives Vieweg responsibility for the company’s overarching technology strategy, as well as continuing to develop a high-performing team focused on the development of advanced marine technology.
Russian, Chinese Warships Hold First Joint Patrols in the Pacific
Russian and Chinese warships held their first joint patrols in the western Pacific Ocean over the past week, Russia's defense ministry said on Saturday, a move Japan said it was monitoring.Moscow and Beijing, which staged naval cooperation drills in the Sea of Japan earlier in October, have cultivated closer military and diplomatic ties in recent years at a time when their relations with the West have soured.The naval maneuvers…
Sumitomo Selects Light Structures Hull Monitoring for Aframax Tanker Pair
Light Structures AS and Japanese shipbuilder Sumitomo Heavy Industries Marine & Engineering (SHI-ME) entered into an agreement for delivery of comprehensive hull stress and fatigue monitoring systems on two newbuild 115,000 DWT Aframax crude oil tankers due for delivery in Q2 2023 and Q3 2023.Hull stress monitoring is usually the preserve of larger ships and platforms, or very specialized vessels,…
FSRU: Nakilat, Karpowership sign MoU
Nakilat and Karpowership signed a Memorandum of Understanding (MoU) to collaborate in the LNG-to-power market and jointly own and operate Floating Storage Regasification Units (FSRUs)."This fits very well with Nakilat’s long-term growth plan to expand and diversify our shipping portfolio and strengthens our position as a global leader in the energy transportation sector,” said Nakilat’s CEO Eng. Abdullah Al-Sulaiti.The MoU outlines an ambitious plan for the immediate future.
LNG Demand to Rise 25-50% By 2030 - Morgan Stanley
Demand for liquefied natural gas (LNG) is expected to rise by 25 to 50% by 2030, making it the fastest growing hydrocarbon over the next decade, analysts from Morgan Stanley Research said in a note on Monday.Morgan Stanley has raised its long-term LNG price outlook to $10 per million British thermal units (mmBtu), expecting spot prices of the super-chilled fuel to average 40% higher over the next decade…
Wallem Group Makes Interim CEO Pick Permanent
John-Kaare Aune has been appointed Chief Executive Officer at Wallem Group, effective October 1, 2021, after a successful term as Interim CEO.He joined Wallem in 2019 as Managing Director, Shipmanagement, andtook over as Group CEO on an interim basis in January 2021 following the resignation of Frank Coles.Before joining Wallem, he worked as Regional Director – Asia Pacific at the Cayman Registry, playing a key role in the growth of its global commercial activities.
Shipping Industry's GHG Emissions to Rise without Carbon Levy
The global shipping industry is on course to see its greenhouse gas emissions rise by around a fifth by 2050 if action including introducing a carbon levy on fuel is not taken, new research backed by industry leaders shows.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions and the sector is under growing scrutiny to become cleaner."The…
Model Testing Complete for Delta Offshore Energy's 3.2GW LNG-to-Power Project
Delta Offshore Energy (DOE), a company working to develop the 3200 MW Bac Lieu LNG-to-Power Project in Vietnam, has said that model testing of the LNG receiving terminal technology has been successfully completed.As previously reported DOE Delta Offshore Energy (DOE) in September 2020 signed a technology license agreement with Stena Power & LNG Solutions, under which Stena agreed to grant DOE a license…
