China Lockdowns May Worsen Container Congestion, Maersk Says
Bottlenecks in global container shipping could worsen later this year as a result of new COVID-19 lockdown measures in China, shipping group Maersk warned on Wednesday.Maersk, often seen as a barometer for global trade, said a surge in consumer demand, pandemic-related congestion in major ports and more recently an airspace closure following Russia's invasion of Ukraine have slowed down container shipments…
Ukraine Tells Grain Transshipment Firms in Danube Ports to Reduce Prices
Ukraine on Wednesday called on Danube ports' grain transshipment companies to reduce prices or else the state will be forced to restrict them administratively, the agriculture ministry quoted deputy minister Taras Vysotskiy as saying.An interior ministry official said on Tuesday that with Ukraine's Black Sea ports blocked by Russia, grain exporters looking to use Danube ports had faced a rapid and unjustified increase in tariffs.
Snarled-up Ports Point to Worsening Global Supply Chain Woes
Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China's COVID-19 lockdowns, Russia's invasion of Ukraine, and other strains cause even longer delays at ports and drive up costs.The study by analysts at Royal Bank of Canada (RBC) found that one-fifth of the global container ship fleet was currently stuck in congestion at various major ports.In China, ships awaiting berth at the Port of Shanghai now tally 344…
Maersk Makes Last Cargo Shipment to a Russian Port
Shipping group Maersk made its last cargo shipment to a Russian port this week and took impairment losses and writedowns of $718 because of Russia's invasion of Ukraine, the Danish firm said on Wednesday.Maersk, which has decided to withdraw completely from Russia, carried out its last cargo operation in a Russian port on Monday, but still has 20,000 containers stranded in Russia.Maersk said in March it would sell all its assets in Russia…
Vopak, Gasunie Team Up to Build Hydrogen Import Infrastructure in Dutch, German Ports
Vopak, a Dutch natural gas infrastructure and transportation company operating in the Netherlands and Germany, has teamed up with the tank storage firm Gasunie to jointly develop future terminal infrastructure projects for hydrogen import into Northwest Europe via Dutch and German ports. The two companies have collaborated in the Gate LNG terminal in the Port of Rotterdam that came into operation in 2011."Alongside domestic production of hydrogen…
Vitol Sends Rare Shipment of Russian ESPO Crude to UAE
The world's largest independent oil trader, Vitol, loaded a cargo of Russian ESPO Blend crude for the United Arab Emirates this week, the first such voyage for the grade, data from several analytics firms showed.Suezmax tanker Kriti Breeze loaded the 740,000-barrel cargo on May 3, and is heading to the port of Fujairah, data from Refinitiv, Kpler and Vortexa showed.Vitol could not immediately be reached for comment.(Reporting by Florence Tan and Chen Aizhu; Editing by Clarence Fernandez)
Kongsberg Digital to Digitalize Over 100 Ships for Tanker Operator
Kongsberg Digital (KDI) said Wednesday recently signed a fleet agreement to provide its vessel-to-cloud infrastructure, Vessel Insight to over 100 vessels. Kongsberg did not say who the client was exactly, apart from saying it was a large industrial shipowner in the tanker segment."We are very proud to announce that we recently signed a major deal to digitalize a large industrial shipowner in the tanker segment, with a fleet agreement exceeding one hundred vessels.
HII Taps BlueZone for REMUS AUV Services in Australia
Huntington Ingalls Industries (HII), the U.S. naval shipbuilder and unmanned systems manufacturer, said Tuesday it had selected its Australian sales partner, BlueZone Group, as an authorized REMUS autonomous underwater vehicle (AUV) service center. The Newcastle-based company will provide local support to REMUS AUVs for the Royal Australian Navy and other regional customers.HII and BlueZone Group will host an official agreement signing on May 10…
Austal Bags $230.5M Deal to Design and Build Expeditionary Fast Transport Ship for U.S. Navy
Austal USA has won a $230.5 million contract for the detailed design and construction of EPF 16, the Navy’s newest Expeditionary Fast Transport (EPF) ship.Austal USA has so far delivered 12 EPFs. Three additional EPFs are currently under construction. "EPFs have demonstrated their operational capability to conduct a variety of missions to include humanitarian assistance, disaster relief, maritime security, surveillance, command and control, and counter-narcotic missions around the globe.
Euroseas Buys Two 4,250 TEU Container Ships for $37M
Container ship operator Euroseas said Tuesday it had agreed to buy M/V Seaspan Manila and M/V Seaspan Melbourne intermediate size container vessels with a capacity of 4…
Elliott Bay Design Group, Silverback Marine Design 'Truckable' Tugboat
Naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) has partnered with Tacoma-based workboat builder Silverback Marine to design what it says is a compact yet mighty tugboat that can be transported by truck over the road. The truckable tug has an overall length of 25' - 10 â…ž", a beam of 14' - 6" and a draft of 3' - 4". This vessel design offers a tug that can be easily transported to job sites with enough power and maneuverability to perform push-assists.
Lack of Confidence: Commander of San Diego Submarine Training Facility Relieved of Duty
U.S. Navy has relieved of duty a commander of a submarine training facility in San Diego citing a loss of confidence in his abilities."Capt. Steve Antcliff, commanding officer, Submarine Learning Center (SLC), relieved Cmdr. Jared Severson, commanding officer, Submarine Training Facility (STF) San Diego, of command on April 28.The relief is due to a loss of confidence in Severson’s ability to command based on the findings of a command investigation.
Kick-off Ceremony Held for Realization of Alexandroupolis FSRU in Greece
The kick-off ceremony for the realization of Gastrade SA's LNG FSRU facility in Alexandroupolis, Greece, was held on Tuesday, May 3, 2022, in the old Storage House of the Alexandroupolis Port Customs.Once delivered, the FSRU, with a capacity of 153,500 c.m. of LNG, will be moored in the offshore area 17.6 km southwest of the port of Alexandroupolis. It will be connected to the National Natural Gas Transmission System (NNGΤS) of Greece with a 28 km long pipeline…
Bureau Veritas Grants AiP for GTT's Ballast-free LNG Bunker & Feeder Vessel Concept
French company GTT, best know for the supply of tanks for LNG tankers, said Tuesday its new concept for a ballast-free LNG bunker & feeder vessel called Shear-Water had received “Shear-Water”, a new approval in principle from Bureau Veritas (BV).The concept has previously won AiPs from China Classification Society and DNV.Describing its concept, GTT said: "The majority of merchant vessels worldwide…
Cruise Line Azamara Adds New Vessel to Its Fleet
Cruise line Azamara has officially added Azamara Onward vessel to its now four-ship fleet on Tuesday, following a festive naming ceremony in Monte Carlo. The christening ceremony was led by the President of Azamara, Carol Cabezas, and Azamara Onward Godmother, Beth Santos, founder and CEO of global community and lifestyle brand Wanderful."We are thrilled to introduce Azamara Onward and share this special moment with our loyal guests," said Carol Cabezas, President of Azamara.
Otto Candies Orders FibreTrac Offshore Crane from MacGregor for Wyatt Candies Vessel
Cargotec's subsidiary MacGregor has won a contract with the U.S. offshore support vessel owner Otto Candies to deliver an active heave compensated FibreTrac offshore…
Edda Wind's Newbuild CSOV Sets Off for Sea Trials
Edda Wind's Edda Breeze Commissioning Service Operation Vessels (CSOVs) started sea trials over the weekend, Gondan Shipbuilders, the Spanish shipyard that built the vessel, said Tuesday.The CSOV left the Eo estuary to set course for the Port of GijĂłn, where it will remain for the next few weeks to complete its sea trials program.The vessel built for the Norwegian shipowner Edda Wind AS has a length of 88,3 m and a beam of 19,7 m.
Great Lakes Dredge & Dock's 1Q Profit, Revenue Rise
Great Lakes Dredge & Dock Corporation reported a first-quarter net income of 11.1 million in the first quarter of 2022 an increase compared to first-quarter 2021 income of $8.8 million.Revenue for the quarter was $194.3 million, an increase of $16.7 million from the first quarter of 2021. The higher revenue in the first quarter of 2022 was due to higher domestic capital and coastal protection revenue…
Intelatus: U.S. Offshore Wind Picking Up Speed
The U.S. offshore wind sector continues to pick up speed on its journey to deploy 30 GW of offshore wind by 2030 and 110 GW by 2050, with a total investment of $205 billion required for the 70 GW of capacity forecast to be added in this and the next decade. This is the conclusion of the latest monthly report from Intelatus Global Partners on the growing U.S. offshore wind market.Philip Lewis, Research Director at Intelatus Global Partners, gave an overview of the progress the U.S.
C-Job, LH2 Europe Developing 'Revolutionary' Liquid Hydrogen Tanker
C-Job Naval Architects have designed a liquid hydrogen tanker that the company says will revolutionize the renewable energy market. "The tanker concept, developed in partnership with LH2 Europe, is a critical element in realizing a green end-to-end liquid hydrogen supply chain," C-Job Naval Architects said."LH2 Europe will use the abundant renewable electricity in Scotland to produce green hydrogen and market it at a competitive price with diesel.
