SAYFR Gets $3m Backing from Nordic Venture Fund
The unique mix of data and digital solutions approach developed by safety culture specialist SAYFR has been given added momentum from the Nordic venture fund Corinthian Venture Partners (CVP).CVP has invested nearly $3m in SAYFR’s share issue to scale up SAYFR’s SaaS offering. This solution comprises unique data insights and a set of digital products which improve organizational safety culture, improvements that can help to save lives and reduce accidents and environmental pollution.
War Shocks: Ship Scrap Prices Spike on Russian Invasion of Ukraine
According to ship recycling leaders at GMS, sub-continent markets remain firmly poised for another week, particularly in Bangladesh and a now resurgent India.Pakistan, as seems to be typical for the market there, has gone quiet over much of the international uncertainty surrounding the possible outcome of the recent Russian invasion of Ukraine.Bangladeshi buyers have in turn, ramped up their buying and price offerings…
Russian Oil Tanker Hit by Sanctions Heading to Malaysia
A Russian-flagged crude oil tanker targeted by U.S. sanctions is heading to Malaysia, shipping data showed on Monday, amid growing international scrutiny on businesses…
Enthusiasm for Clean Energy Undeniable, Sec. Haaland Says after Record U.S. Offshore Wind Lease Sale
The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey drew a record $4.37 billion in high bids from developers that included major European energy companies.The auction, which began on Wednesday and stretched into Friday afternoon, is the first offshore wind lease sale under U.S. President Joe Biden, who sees the expansion of the industry as a…
Coast Guard Medevacs Oil Worker from Platform Off Louisiana
The U.S. Coast Guard medevaced an oil platform worker last Thursday near Breton Sound, Louisiana.Coast Guard Sector New Orleans watchstanders received a notification at approximately 6:25 p.m. from the oil platform Breton Sound 21 of a worker sustaining serious injuries to the arm, Coast Guard said Friday.Watchstanders coordinated the launch of a Coast Guard Air Station New Orleans MH-65 Dolphin helicopter crew to assist.
IMO SecGen "Gravely Concerned" about crisis in Ukraine
IMO Secretary-General Kitack Lim issued the following statement regarding the crisis in the Ukraine and its impact on shipping and seafarers."As the humanitarian crisis continues to unfold in Ukraine, I fully support and stand with UN Secretary-General António Guterres' call for hostilities to cease immediately. I am gravely concerned about the spill over effects of the military action in Ukraine on global shipping…
13 Dead after Tourist Boat Capsizes in Vietnam
At least 13 tourists were found dead and four remained missing after a boat capsized off Vietnam's central coast of Hoi An on Saturday, a city official said."We are searching for the missing," Nguyen Sinh, party chief of Cua Dai Ward in Hoi An City told Reuters.The accident happened when the boat was carrying 36 tourists and three sailors from Cu Lao Cham Island to Hoi An, the government said in a…
Ship Seized in France, Suspected of Violating Russia Sanctions
France on Saturday seized a car cargo ship in the English Channel that Washington says was linked to the son of a former Russian spy chief, in one of the first visible…
Shipbuilding: Leadership Transition at Bay Ship & Yacht
Bay Ship & Yacht founders Bill Elliott and Alan Cameron step back, name Joel Welter CEO, Gerona Goethe General ManagerBill Elliott, who during a 45-year career catapulted Bay Ship & Yacht (BS&Y) from operating out of a single, mobile shipping container known as the “Shipyard in a Box” to becoming a premiere ship repair conglomerate in San Francisco Bay, announced a new generation of leadership for the company.Joel Welter…
Six Developers Emerge as Winners in Historic $4.4B NY Bight Offshore Wind Lease Sale
The Bureau of Ocean Energy Management's (BOEM) New York Bight auction concluded February 26, 2022, a sale where six bidders committed to payments of close to $4.4B in total for the right to develop wind lease areas offshore New York and New Jersey.At least four of the leases have been secured by leading European offshore wind developers: Ocean Winds with GIG, RWE, Edf Renewables with Shell New Energies and Copenhagen Infrastructure Partners have all confirmed bid awards.
StormGeo Debuts 'Smart Carbon Intensity Indicator' Tool for Ships
StormGeo launched a new Carbon Intensity Indicator (CII) Dashboard that provides ship operators with the ultimate digital tool for calculating, reporting, and proactively improving the CII rankings of their fleet.The new CII Dashboard is a key addition to StormGeo’s software and services suite, s-Suite where it has been integrated into the s-Insight platform.CII RulesThe CII is an operational efficiency…
Third Day of Bidding: U.S. Offshore Wind Auction Nears $4B
The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey continued to shatter all records on Friday, reaching over $3.8 billion with one single block fetching over $1 billion.The auction, which began on Wednesday, is the first offshore wind lease sale under U.S. President Joe Biden, who sees the expansion of offshore wind as a way to tackle climate change and create thousands of new jobs.The U.S.
Maersk Halts Port Calls in Ukraine
Shipping group Maersk said on Thursday it has halted all port calls in Ukraine until the end of February and has shut its main office in Odessa on the Black Sea coast, as a consequence of the conflict with neighboring Russia."Services in Russia remain available while we have decided not to call any ports in Ukraine until 28 February and stop acceptance orders to and from Ukraine up until further notice," a Maersk spokesperson said.All of the company's 60 employees in Ukraine were at home and saf
Viking Supply Ships' AHTS Quartet Deal with Russian Client Hangs in Balance
Swedish offshore vessel operator Viking Supply Ships said Friday its contract for four anchor handling tug supply (AHTS) vessels announced earlier this month could…
Norwegian Greentech’s BWTS Secures US Coast Guard's Stamp of Approval
HAV Group’s subsidiary Norwegian Greentech has received the US Coast Guard (USCG) approval for its ballast water treatment system (BWTS). US authorities require USCG certification for both US ships and international vessels that call at US ports.By obtaining USCG certification, Norwegian Greentech's systems can now be installed and utilized by all ships; those that sail in US waters today and those…
Moldovan-flagged Tanker Hit by Missile on Ukraine Coast
Moldova's naval agency said on Friday that a Moldovan-flagged chemical tanker with a Russian crew was hit by a missile near Ukraine's port of Odessa, injuring two people…
Insurance Costs of Shipping Through Black Sea on the Rise
Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to transport goods through the region for vessels still willing to sail after Russia's invasion of Ukraine.Ship owners pay annual war-risk insurance cover as well as an additional "breach" premium when entering high-risk areas. These separate premiums are calculated according to the value of the ship…
Swedish Tanker Firm Terntank Takes Delivery of 'Green' Tanker
Swedish tanker operator Terntank has said it has taken delivery of TERN FORS tanker.Designed by Terntank and Kongsberg Maritime CM AS, TERN FORS is the second of a series of two 15000 DWT chemical and product tankers, that combine LNG/LNG engine-powered engines, are 100% biofuel compatible, emit no greenhouse gases or carbon particulates during port operations and facilitate enhanced digital solutions…
Salvage Team Boards Burnt Ship with Luxury Cars Off Azores, Towing Starts
More than a week after a ship packed with luxury cars caught fire in the middle of the Atlantic Ocean, a salvage team managed to board the vessel on Friday and started to tow it to a safe location off the Portuguese Azores archipelago.In a statement, ship manager Mitsui O.S.K. Lines Ltd (MOL) said the Felicity Ace remained stable, and the smoke that for days billowed from the vessel, adrift around 170 km southwest of the Azores…
Seatools Delivers Deep-sea mineral Collection Equipment for Allseas' 'Hidden Gem'
Subsea technology company Seatools has delivered deep-sea mineral collection equipment for Allseas' Hidden Gem seabed mining ship.Seatools was responsible for the engineering, manufacturing, and qualification of the electronics, instrumentation, and hydraulics for Allseas’ pilot polymetallic nodule collection vehicle. The vehicle will be part of a pilot nodule collection test conducted by Allseas,…
