P&O Ferries Rejects Government Plea to Rehire Fired Workers
P&O Ferries on Tuesday rejected the British government's request to rehire 800 workers it fired without notice two weeks ago, saying that doing so would cause the company to collapse.P&O Ferries, an 180-year old company now owned by Dubai-based logistics group DP World, prompted an outcry from British government ministers, lawmakers and trade unions for its shock move this month to replace staff with…
Maersk Warns Shanghai Lockdown to Boost Shipping Costs Further
Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase transport costs, as China's intensifying efforts to fight the spread of COVID-19 further rattles global supply chains.The Chinese coastal city, home to some of the world's busiest sea and airports, began locking down half of the city on Monday and intends to do the same to the other half for four days…
Corpus Christi Ship Channel Improvement Included in Biden's Spend Plan
The Corpus Christi Ship Channel Improvement Project was included in President Joe Biden’s proposed Fiscal Year 2023 Budget released Monday under the U.S. Army Corps of Engineers (USACE) Coastal Navigation Construction category. The President’s recommended funding targeted project closeout appropriations of $157.3 million. Once approved by Congress, the appropriation would complete the Corpus Christi Ship Channel Improvement Project, rendering it the most improved ship channel in the entire U.S.
Yanmar Debuts Engine/SCR Package
Yanmar announced it will launch a package including a main engine and selective catalytic reduction (SCR) system to help vessel owners and operators comply with IMO Tier 3 regulations.While engines and SCR systems have been available separately, Yanmar said that developing both in-house side-by-side provides advantages in terms of technology, emissions control and usage. The ready-to-install, factory…
Vitol Made Record Net Profit in 2021
Global energy trader Vitol Group made a record net profit of just over $4 billion last year, sources familiar with the matter said, as oil, natural gas and other commodity prices soared.Vitol, the world's biggest independent oil trader, declined to comment.The unaudited result beats its previous record net profit in 2020, when oil markets were upended by the COVID-19 pandemic. Bloomberg reported Vitol made $3.2 billion in 2020.
Engine Issues Led to Tanker Striking Dock in Corpus Christi -NTSB
An incorrect solution to address a main engine start issue led to the contact between an oil tanker and a loading dock in the Port of Corpus Christi, the National Transportation Safety Board (NTSB) said Tuesday.The agency published a marine investigation report detailing its investigation into the March 15, 2021, contact of the oil tanker Riverside with Moda Ingleside Energy Center No. 4 loading dock near Ingleside, Texas.
GTT Designs Tanks for EPS' LNG-fueled Containerships
French engineering firm GTT announced it has received an order from Korean shipyard Hyundai Samho Heavy Industries for the fuel tank design of three liquefied natural…
Bureau Veritas Issues New Rule Note for Fuel Cells on Ships
Classification society Bureau Veritas (BV) has released a new rule note on fuel cell power systems on board ships. The rule note covers safety requirements for ships using any type of fuel cell technology, providing rules for the arrangement and installation of fuel cell power systems and the delivery of electrical energy.Over the last few years, fuel cells have proved to have strong potential to help decarbonize the maritime industry.
Ships Stranded in Ukraine as Conflict Slows UN Rescue Efforts
With more than 1,000 seafarers stranded on ships in Ukrainian ports and food supplies running low, the United Nations is pressing for their safe passage out of danger but security risks and disagreeme
AkzoNobel Appoints Global HullCare Manager
AkzoNobel Marine Coatings announced it has named Colin Mercer as its first-ever Global HullCare Manager.Mercer takes on the role following a 23-year history of delivering sustainability goals across multiple AkzoNobel business units. Since 2018, he has been the Marine Business Manager in the MEA - championing the environmental sustainability journey in the Middle East.His key ambition in this new role…
COSCO Launches Aframax Green Adventure for Aegean Shipping
A newbuild aframax tanker Green Adventure was launched for Aegean Shipping at the Cosco Yangzhou shipyard in China's Jiangdu District on Monday. The 112,500 DWT crude oil tanker is scheduled to be delivered later this year.The vessel is one of four currently being built for the Greek shipping company at Cosco Yangzhou. Aegean ordered the first two ships in September 2020 and exercised an option for the third and fourth in December of the same year.
Offshore Installation Firm Cadeler Returns to Profit as Annual Revenue Triples
Offshore wind installation company Cadeler said its 2021 revenue had tripled compared to 2020. The Danish firm also said it had returned to profitability.The revenue for 2021 totaled EUR 61 million, an increase of 212% against EUR 19.5 million in 2020. "The growth reflects an impressive 77% utilization rate of the vessels in the Cadeler fleet, at competitive market rates. The realized EBITDA amounted to EUR 28 million…
DOF Subsea Clinches Multiple Contracts in Oil & Gas, Renewables Sectors
Subsea services provider DOF Subsea said Tuesday it had won several new contracts in both the oil and gas and renewables sectors in the North Sea.The projects, to be delivered in 2022…
Building a Battery Hybrid SOV is the Aim of Vallianz, Royal IHC MOU
Vallianz Holdings Limited entered into a memorandum of understanding (MOU) with Royal IHC to design and build a next generation service operation vessel (SOV) to support offshore wind farms.Designed by Royal IHC, the battery hybrid SOV will house advanced levels of integration and autonomy, designed to be ready for true zero emission operations by using full battery offshore charging system and alternative fuels for propulsion.The SOV will have a dynamic positioning system…
Oil Up Again on Tight Supply, Steady Demand
Oil prices rose on Tuesday, recovering some of the previous session's losses as Kazakhstan's supplies continued to be disrupted and major producers showed no sign of being in a hurry to boost output significantly.Brent crude LCOc1 rose $1.54, or 1.4%, to $114.02 a barrel by 1110 GMT, and U.S. West Texas Intermediate (WTI) crude CLc1 was up $1.34, or 1.3%, at $107.30. Both benchmarks had lost about 7% on Monday."There was an overreaction on Monday and the market is re-considering it…
Argus Launches a Non-Russian Diesel Cargo Assessment
Price reporting agency Argus launched a new non-Russian diesel cargo assessment delivered into the Antwerp-Rotterdam-Amsterdam (ARA) port complex, the agency said."The new price will represent fair market value of non-Russian diesel, providing buyers and sellers which do not wish to trade Russian diesel with an alternative benchmark value," Argus said.Russia has been a key supplier to Europe, accounting for up to 60% of diesel imported into the region each year…
Mitsubishi Shipbuilding to Build LNG Bunkering Vessel
Mitsubishi Shipbuilding Co. signed a contract with KEYS Bunkering West Japan Co., Ltd. for construction of a liquefied natural gas (LNG) bunkering vessel, the first to operate in western Japan. The vessel will be built at the Enoura Plant at MHI’s Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture, with completion and handover scheduled for March 2024.KEYS Bunkering West Japan is a joint…
Software Solutions: 'GO for SET' Aims to Make Choosing Software Simpler for Shipping
With a quagmire of digitalization and decarbonization options facing shipowners today, cutting through the smoke is increasingly difficult to find and implement the most efficient solutions. Launched today is a new, free-to-use Software Evaluation Toolkit aimed at the shipping industry and designed to enable ship owners and managers to make better informed decisions on digital solutions needed to decarbonize fleets.The toolkit…
Shipyards the target of Comms Solution from Inmarsat
Inmarsat now offers Fleet Xpress for Shipyards, which is designed to eliminates time-consuming and costly installation works in port, offering owners a pre-fitted very small aperture terminal (VSAT) solution included in the initial cost of the vessel.“Fleet Xpress for Shipyards is a game-changer for shipbuilders and owners alike, streamlining installation, providing remote connectivity from vessel launch and enabling optimal integration between integral onboard systems…
C-Job Debuts Self-propelled Cutter Suction Dredger Concept
C-Job Naval Architects launched its new Cutter Suction Dredger (CSD) series and headlining the series is a new self-propelled CSD concept.The 34-in.self-propelled cutter suction dredger features cutter power of 3500 HP and a total installed power of approx. 26000 HP. The CSD includes two 6300 HP dredge pumps on deck and one 3500 HP submerged dredge pump on the cutter ladder enabling a maximum dredging depth of 95 feet.
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