ICS Announces Decarbonization Summit
Maritime trade group the International Chamber of Shipping (ICS) announced plans to host a high-level summit to address the challenge of decarbonization.Responding to a challenge thrown down by industry leaders in Glasgow, during COP26, ICS will work with partners to convene shipowners, ministers, maritime, energy and infrastructure leaders with the challenge of bringing forward a tangible path to decarbonize the sector.
Panama Canal Sees Dip in LNG Carrier Transits
Warmer temperatures this winter in Asia and higher gas demand in Europe are cutting demand for transit of vessels carrying liquefied natural gas (LNG) through the Panama Canal, the waterway's authority told Reuters on Wednesday.The canal overall is facing higher seasonal demand for vessel passage with an average of 39 ships per day, and it is working to accommodate vessels arriving without reservation for passage, the Panama Canal Authority added.(Reuters - Reporting by Elida Moreno, writing by
NAT Inks Time Charters for Two Suezmax Newbuilds
Tanker shipping company Nordic American Tankers (NAT) announced Wednesday it has lined up six-year time charters for a pair of Suezmax newbuilds scheduled to be delivered from South Korea later this year.The contracts for the 156,800 dwt tankers are with Oman-based ASYAD Shipping Company, and they will commence upon delivery from the shipyard in May and June.Herbjorn Hansson, NAT board chairman, president…
Japan to Divert LNG to Europe Amid Russia-Ukraine Tensions
Japan will divert some liquefied natural gas (LNG) cargoes to Europe after requests from the United States and the European Union, the industry minister said on Wednesday…
Thordon Bearings Unveils New Water-lubricated Shaft Seal
Thordon Bearings has debuted a new propeller shaft seal for the commercial shipping industry featuring a unique Safe Return to Port (SRTP) design.Completing the COMPAC open seawater lubricated propeller shaft bearing system, Thordon's new BlueWater Seal is described by the manufacturer as a cost effective, commercial grade axial lip seal specifically designed for merchant shipping fleets. It incorporates Thordon’s emergency SRTP capability…
Port Everglades Dredging Project Revised
The U.S. Army Corps of Engineers is seeking additional comments after its Jacksonville District published a Revised Draft Supplemental Environmental Impact Statement (RDSEIS) for the Port Everglades Harbor Improvements project.The RDSEIS includes additional information gained since the publication of the December 2020 Draft Supplemental Environmental Impact Statement and is being shared for additional public review and comment.The authorized plan for the Port Everglades…
The Time to Reduce Port Emissions is Now
Port operations across the country are vital to America’s economy, often coming at a cost to health and welfare of neighboring communities—notably, by emitting harmful emissions and producing poor air quality.Incorporating propane can help ports support economic growth while safeguarding our environment.The loading and unloading of container ships at marine terminals requires a variety of cargo handling equipment, historically powered by diesel and gasoline.
Shipowner Spliethoff, AEGIR‐Marine Partner on Fleet Stern Tube Service
Dutch shipowner Spliethoff and AEGIRMarine signed an agreement for the supply the stern tube sealing parts and services for Spliethoff’s fleet.According to its website, Spliethoff is a century-old company that operates a fleet of more than 50 Dutch flagged, 1A ice-classed, multipurpose vessels, ranging from 12,000 to 23,000 DWT.AEGIR‐Marine is a service‐centric stern tube seal producer and service provider.
MARAD Seeks Port Microgrid Demonstration Projects
The U.S. Department of Transportation's Maritime Administration (MARAD) has an open request for proposals (RFP) that demonstrate microgrids for marine terminal operations. Closing bid date is February 16. Total funding could equal $1.5 million. This is a cost sharing effort. MARAD’s share tops at 50% of total project cost.This effort builds on MARAD’s Maritime Environmental and Technical Assistance Program which partners on projects to investigate…
Top European Shippers Warn Freight Costs to Stay High
Two top European shippers warned on Wednesday freight costs were likely to remain high well into this year, offering no relief to customers including the world's biggest retailers, though they said bottlenecks should ease later in the year.Pandemic-related disruption and a surge in consumer demand drove up prices for shipping goods around the world last year, boosting profits for both container shipping group Maersk and freight forwarder DSV."Freight rates remain very high…
Stevedoring Company Fined for Dropping Excavator Overboard
A stevedoring company based in Tauranga, New Zealand has been ordered to pay a $90,000 fine and $20,000 in costs for safety failings that led to an excavator being dropped overboard from a logging ship in 2018.C3 Limited had previously pleaded guilty to a charge of breaching its duties under the Health and Safety at Work Act 2015 and was sentenced February 4 in the Wellington District Court.Maritime NZ’s central compliance manager…
Fatigue Led to Sinking of Fishing Vessel in Alaska
A captain’s decision to get under way while fatigued led to the grounding and sinking of a fishing vessel near Whittier, Alaska, the National Transportation Safety Board (NTSB) said in Marine Investigation Report released Tuesday.On July 24, 2021, the fishing vessel Tenacious, which fished primarily for pink salmon, grounded at the entrance to Wells Passage while transiting to fishing grounds in Prince William Sound. The five crewmembers abandoned the vessel and were rescued.
Petronas, MOL Sign Liquefied CO2 Shipping MoU
Malaysia's state energy firm Petronas said on Wednesday it has signed an agreement with Japanese shipping company Mitsui O.S.K Lines (MOL) to explore opportunities in liquefied carbon dioxide (CO2) shipping in Asia Pacific and Oceania regions.Both parties will jointly study liquefied CO2 transportation for the carbon capture, utilization, and storage (CCUS) value chain, Petronas said in a statement.Liquefied CO2 transportation helps connect CCUS sites safely and efficiently over long distances w
Supply Chain Chaos to Boost Maersk 2022 Profit
Shipping group Maersk expects 2022 earnings to be around as high as last year, it said on Wednesday, as the supply chain disruption that sent freight rates soaring extends into the first half.It expects underlying earnings before interest, tax, depreciation and amortization (EBITDA) at around $24 billion this year, similar to last year, but slightly below the $24.4 billion expected by analysts in a…
Keppel Offshore & Marine Reels in $186M in New Contracts
Singapore's Keppel Offshore & Marine said Wednesday it had secured contracts worth around S$250 million (~$186 million) for the conversion of a Floating Storage and Regasification Unit (FSRU), integration of a Floating Production Storage and Offloading (FPSO) vessel, and the "jumboisation" of two Trailing Suction Hopper Dredgers (TSHD).For the first contract, Keppel Shipyard has received the Final Notice to Proceed (FNTP) from GAS-fifteen Ltd…
