U.S. to Hold Offshore Wind Auction for Carolina Coast
The Biden administration on Wednesday will hold a wind energy auction for two areas off the coast of North and South Carolina, its second such offering this year.The sale is part of the government's broad push to put wind turbines in federal waters along every U.S. coastline and comes on the heels of a record February wind auction off the coast of New York and New Jersey that drew $4.37 billion in high bids.U.S.
Norwegian Fish Farming Firm Eyes Green Hydrogen Use as Fuel for Its Ships
The Norwegian fish farming company Nova Sea and the well boat operating company North Salmon Services will collaborate with Gen2 Energy regarding the use of green hydrogen as a fuel for their ships.The parties have entered a Letter of Intent for exploring different opportunities for zero-emission vessels. Nova Sea is a fish-farming company, producing 50 000 tons of salmon a year. The company operates…
Aker BP Charters Large PSV from Solstad Offshore
Norwegian oil and gas company Aker BP has chartered Solstad Offshore's large platform supply vessel Normand Arctic.The platform supplier will be used to support Aker BP's activities on the Norwegian Continental Shelf.According to the shipowner, the contract is expected to start during the fourth quarter of 2022. The contract is for a period of 15 months. Financial information was not disclosed.Earlier this week…
Globus Maritime Orders Ultramax Bulker
Dry bulk shipping company Globus Maritime has signed a contract for the construction and acquisition of one fuel-efficient bulk carrier of about 64,000 DWT. The vessel will be built at Nihon Shipyard Co. in Japan and is scheduled to be delivered during the first half of 2024. The total consideration for the vessel's construction is approximately $37.5 million, which Globus Maritime plans to finance with a combination of debt and equity.
HYON, Mitsui Enter Hydrogen Bunkering Collaboration
Oslo-based hydrogen bunkering company HYON has entered a collaboration agreement with Japanese trading and investment company Mitsui & Co., Ltd. (Mitsui). The two companies said they were looking into business opportunities related to creating hydrogen fueling infrastructure in Europe, Asia anywhere else where there is a possibility for hydrogen demand. Mitsui, which has a diversified portfolio of business in various sectors…
KR Awards Type Approval for Direct CO2 Measurement System on Vessels
Korean Register (KR) announced it has awarded Singapore-based Marine Technology Solution Pte Ltd a type approval certificate for its direct and continuous CO2 emission measurement system called CARBON LENS.The type approval certificate, which was awarded based on the International Maritime Organization’s (IMO) NOx Technical Code and Guidelines from KR, is the first of its kind to be awarded to a manufacturer…
Phoenix Lighting Boosts Distribution for US Inland Waterways
Phoenix Lighting announced it is growing its U.S. distributor network in response to increasing demand for its marine-rated LED lighting products, particularly in the commercial inland marine market.The Milwaukee, Wis.-based company said it has entered into new distribution partnerships with Hannan Supply Co. in Paducah, Ky. and Humco Marine Products, Inc. in St. Louis. Both now maintain local inventory…
Ann Phillips Confirmed as Next MARAD Administrator
The U.S. Senate on Tuesday confirmed Ann C. Phillips as Administrator of the U.S. Maritime Administration (MARAD), filling a position that has been left vacant at the Department of Transportation (DOT) since January 2021. Phillips was confirmed by a vote of 75-22.Phillips, a retired U.S. Navy rear admiral, takes over as head of the DOT's maritime agency amid continued shipping and supply chain disruption…
US Importers Turn to Prayer and the President Ahead of West Coast Port Labor Talks
For more than two years, Isaac Larian has used every available tool to overcome global supply-chain bottlenecks and keep retailers stocked with enough Bratz and LOL Surprise! dolls to meet pandemic demand.Asked how he's preparing for this summer's West Coast port labor talks, the chief executive of Los Angeles-based MGA Entertainment deadpanned, "I'm praying two times a day."Larian and a half-dozen suppliers for major retailers like Walmart WMT.N…
Norwegian Cruise Expects Positive Current Quarter Operating Cash Flow
Norwegian Cruise Line Holdings Ltd forecast operating cash flow to be positive for the current quarter on Tuesday, as the U.S. cruise operator benefits from higher on-board spending and prices with its full fleet back in service.Shares of the company rose about 3% in early trade, as the company also said that booking trends remained strong despite a hit from Omicron variant of the coronavirus and the Russia-Ukraine conflict."We are seeing an explosive showing by consumers…
BWMS Webinar May 17: Inside the InTank Solution
In a webinar on Tuesday, May 17, 2022, Giles Candy will present the advantages for ship owners and shipbuilders with the Scienco InTank Ballast Water Treatment System.The Scienco InTank BWTS treats and neutralizes ballast water in the ballast tanks during the voyage, which allows for normal ballasting and de-ballasting operations in port. It is the only Type Approved “in voyage” ballast water treatment system.A small percentage of ballast water is circulated from one ballast tank at a time.
Baltic Dry Index Nears Five-month Peak
The Baltic Exchange's main sea freight index rose to a near five-month high on Tuesday, as rates rose for all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 108 points, or 3.8%, to 2,939 points, the highest since December 13.The capesize index rose 276 points, or 8.7%, to 3,461 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, increased $2,291 to $28,703.Mean
Gasunie to Charter New Fortress Energy FSRU to Reduce Dutch Reliance on Russian Gas
New Fortress Energy has executed a binding agreement to charter a floating storage and regasification unit (“FSRU”) to Dutch energy network operator Gasunie, in an effort by the Netherlands to reduce Russian gas imports. The chartered FSRU will provide storage capacity of approximately 170,000 m3 of liquefied natural gas with peak regasification capacity of 900 mmscfd. New Fortress Energy's FSRU will…
UN Seeks $144 Million to Offload Decaying Yemen Oil Tanker
The United Nations will launch a $144 million appeal on Wednesday for an operation to offload a million barrels of crude oil from a tanker stranded off the coast of war-torn Yemen for years which threatens a major environmental disaster.David Gressly, the UN Resident and Humanitarian Coordinator for Yemen, said he hoped a donors conference held with the support of Netherlands in the Hague would quickly…
OPINION: A New Approach to Maritime Safety is Needed
For years, the shipping industry has focused on regulations and procedures to improve safety. Yet shipping is still at risk of major accidents. The whole industry needs to change its focus. Ticking boxes never made anyone safer. Also, assessing culture using valid and reliable survey instruments can help to improve safety.It has been well documented that most maritime accidents (~80%) are caused by human error.
BMT Offers Updated ELLIDA Multi-role Logistics Ship for SEA2200
BMT will offer an updated concept design from its ELLIDA multi-role logistics ship design family for the Royal Australian Navy’s (RAN) Joint Support Ship project, SEA2200. The ELLIDA family of concept designs was launched in 2019.ELLIDA has the utility to transport and deliver troops, vehicles, equipment and supplies to and from anywhere in the world in support of amphibious warfare and littoral operations…
Fuel Tax Repeal Victory in New York State
The New York State Petroleum Business Tax (PBT), Article 13-A levies a tax on fuel consumption of commercial vessels operating on the waters of New York State. The PBT has long been a source of contention for operators of tug boats and towing vessels transiting New York State waters because of the difficulty to accurately calculate the tax due the state. This led to many long drawn out audits of vessel operators by the state…
Eye on Design: What is Old Can Be Green Again
The use of certain technologies is rarely a stand alone decision. The switch from sail to steam did not happen overnight and they actually coexisted for over a century, where, based on available technologies, in certain applications steam was more attractive and in other applications sail was more attractive.The eventual dominance of screw propellers over paddle wheels was not even driven by technological considerations…
Kongsberg to Provide Electrical and Control Equipment for Yinson FPSO
Malaysian FPSO leasing company Yinson has ordered a suite of electrical and control equipment from Kongsberg Maritime for an FPSO vessel currently under conversion. Kongsberg Maritime will deliver E-house, electrical, control, safeguarding and telecommunication equipment solutions, and the deal also includes service support on board the Maria Quitéria FPSO owned by Yinson. FPSO Maria Quitéria is expected to start work in 2024 at the Jubarte field…
Additional $234.3 Million Available for US Port Infrastructure Projects
The U.S. Department of Transportation’s Maritime Administration (MARAD) on Monday announced that up to $684.3 million is now available for Port Infrastructure Development Program (PIDP) grants, to be awarded on a competitive basis to projects that improve the safety, efficiency and reliability of the movement of goods into, out of, around or within a port. This marks the most, annual funding for PIDP in history and will help improve our supply chains…
