U.S. Identifies Possible Wind Power Areas Off Oregon, Atlantic Coasts
The Biden administration on Wednesday identified new areas for potential offshore wind development off the coasts of Oregon and several central Atlantic states, its latest step toward bolstering the nascent U.S. industry.Offshore wind is a key pillar of President Joe Biden's plan to fight climate change by decarbonizing the U.S. power sector by 2035 and the entire economy by 2050.Wednesday's announcement by the Bureau of Ocean Energy Management…
Baltic Index Hits Near 1-month High on Stronger Capesize
The Baltic Exchange's main sea freight index extended gains to a sixth day, hitting a near one-month high on Wednesday, supported by strong rates in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 21 points, or 0.9%, at 2,425 points, a peak since March 28.The capesize index .BACI gained 57 points, or 2.6%, to 2,226 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron or
Container Rates: Diverging Trends for Far East to Mediterranean vs North Europe - Xeneta
In contrast to spot rates on the Far East to North Europe trade which have fallen by more than USD 3,600 per FEU [Forty-Foot-Equivalent-Unit ] since the start of the year, those to the Mediterranean have seen a much smaller decline, falling by just USD 850 per FEU, Xeneta said in a report on Wednesday.According to Xeneta, the spot rate from the Far East to the Mediterranean stood at USD 13,100 on April 26…
All American Marine Inks Deal to Build Geodynamics/NV5 Wind Survey Vessel
All American Marine (AAM) won a contract to build a research and hydrographic survey vessel for Geodynamics, an NV5 company. R/V Shackleford is a 73 x 26.7-ft. semi-displacement aluminum catamaran hull that was developed by Nic de Waal of Teknicraft Design in Auckland, New Zealand. The vessel will have the fundamental, and primary design elements of the Duke University Marine Lab’s R/V Shearwater and…
BW Offshore Says Fatal Incident in Indian Yard Not Related to Its FPSOs
Oslo-listed FPSO leasing company BW Offshore said Wednesday a fatal incident had occurred in the Priya Blue shipyard in India, but that it was not related to ongoing recycling of former BW Offshore FPSOs at the yard.BW Offshore said in February it had signed an agreement with Priya Blue Industries yard in India to recycle the Cidade de São Vicente FPSO in compliance with Hong Kong Convention. The convention…
Indonesia Deploys Navy Ships to Thwart Ilegal Shipments of Refined Palm Oil
Indonesia deployed navy ships and hundreds of personnel on Wednesday, including intelligence assets, in an effort to thwart illegal shipments of refined palm oil olein, just hours away from an export ban aimed at taming surging cooking oil prices.The new rules were due to take effect at midnight local time (1700 GMT), and the navy and other agencies had been instructed to step up patrols of Indonesian waters to ensure compliance…
IMO Urges States to Accede to 2012 Cape Town Agreement on Fishing Vessel Safety
International Maritime Organization's (IMO) Secretary-General Kitack Lim has urged states to take action to achieve entry into force of the Cape Town fishing vessel safety agreement, a key international treaty that will establish an international regime for fishing vessel safety.IMO said the agreement would help make fishing safe, sustainable, and legal - and make a significant contribution to the protection of fishers…
Tech File: GF Piping Systems Launches Fire-retardant Pipe Jacket System
GF Piping Systems launched HEAT-FIT at Seatrade Cruise Global in Miami, debuting a lightweight, corrosion-free, and efficient thermoplastic piping system.With the HEAT-FIT Jacket System, GF Piping Systems offers a solution that introduces thermoplastic piping systems into essential applications (L3) onboard cruise ships, merchant vessels, and offshore platforms. HEAT-FIT is compatible with the ecoFIT…
Decarbonization: Zero-Emission Handymax Bulker Concept Debuts
The global push for decarbonization in the transport sector has predictably inspired a wave of new designs for the shipping sector, including a new 'Zero-Emission Handymax Bulker' design from the hands of Eco Marine Power, a design that incorporates renewable energy solutions, electric propulsion and fuel cells.The ship design concept is known as the Aquarius Eco Handymax II and all the technologies…
First China-built Dual-fuel Methanol Powered Tanker Starts Sea Trials
Guangzhou Shipyard International (GSI) has started sea trials of the Stena Pro Patria, the first methanol-powered dual-fuel tanker constructed in China in what has been described as a 'watershed moment' in the development of methanol as an alternative fuel for medium-range tankers.GSI signed the deal to build three 49,990 dual-fuel DWT tankers with Proman Stena Bulk, a joint venture between Sweden-based Stena Bulk AB and Switzerland headquartered Proman in 2019.
Pair of Ritz-Carlton Yacht Collection Vessels to Sport Azipod Propulsion
ABB inked a deal with Chantiers de l’Atlantique for Ritz-Carlton Yacht Collection to supply the electric propulsion systems and remote support for the luxury cruise operator’s two forthcoming mega-yachts. The ships are the second and third in a series that began with Ritz-Carlton Evrima, to start operations later this year, also featuring ABB technologies on board.With a capacity of 456 passengers…
Offshore Rig Builders Keppel O&M and Sembcorp Marine Set to Combine
Singapore's Sembcorp Marine (Sembmarine) has agreed to a multi-billion dollar merger with Keppel Corp's larger offshore and marine unit, a year after the Temasek-backed firms began deal talks to cope with an industry downturn.The loss-making oil rig builders have been whiplashed by years of oversupply and oil price volatility as well as a drop in new orders.Such troubles have been exacerbated by the global transition towards renewable energy…
