Ukraine Seeking Ways to Get its Grain Out
Ukraine is seeking ways to get grain and vegetable oils out of the country by breaking a months-long blockade of the Sea of Azov and the Black Sea by the Russian navy and moving more by land.The war, together with Western sanctions against Russia, have sent the price of grain, cooking oil, fertilizer, and energy soaring.That in turn, is threatening a global food crisis as many countries count on Russia and Ukraine for more than half of their wheat imports…
LNG Momentum Swinging Back to Asia as Europe Demand Eases: Russell
The merry-go-round of liquefied natural gas (LNG) between Europe and Asia appears to be tilting back toward Asia as buyers in the top-consuming region start to chase cargoes ahead of the summer demand peak.The dynamics of the LNG market for the first four months of the year was that Europe was prepared to bid up prices for spot cargoes in order to secure supplies.This competition for LNG came as Europe first battled a winter shortage of natural gas…
US Prepares Renewal of Chevron's Venezuela License Without Broader Terms
The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp's license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the talks said.The last U.S. energy producer in Venezuela asked President Joe Biden's government in March for a license that would allow it a greater say in its joint ventures with Venezuela's state-run PDVSA…
HII’s Newport News Shipbuilding Announces Big Hiring Push
Global defense and technologies company HII announced Tuesday that the company’s Newport News Shipbuilding division plans to hire approximately 5,000 people this year to meet the shipbuilding needs of the Navy. The shipyard anticipates hiring nearly 21,000 people within the next decade as HII fulfills orders for U.S. aircraft carriers and submarines.“We at NNS are driven to support the men and women in uniform…
Seajacks' New WTIVs Named After Mythological Sea Creatures
UK-based offshore wind turbine installation firm Seajacks, owned by Eneti, has revealed the names of the two next-gen offshore wind turbine installation vessels (WTIV) ordered last year by Eneti.The two new NG-160000X vessels will be known as Nessie and Siren, in line with the Seajacks tradition of naming vessels after mythological sea creatures. They also have a Zaratan, a Kraken, a Scylla, a Hydra…
MEO Group Orders Five Crew Boats from Penguin
Singapore-based offshore vessel owner MEO Group has ordered five new crew boats, as part of a fleet rejuvenation programThe company ordered the vessels from Singapore's Penguin Shipyard International. Based on Penguin's proprietary Flex-42X and Flex-40X designs, the crew boats will be delivered between 2023 and 2024."The new series of Flex executive crew boats are designed for optimized ride comfort and speed.
Fugro Deploys Mobile Rig for U.S. Offshore Wind Site Work
Dutch marine survey services firm Fugro is back on the water for Atlantic Shores Offshore Wind off the U.S. east coast, conducting a third year of integrated site characterisation services for the New Jersey-based offshore wind farm developer.Geophysical, metocean, and environmental scopes of work are currently underway, while geotechnical services will startlater this month, using a newly commissioned Fugro C30 mobile rig.Working from a third-party vessel…
Castoldi Debuts New Waterjet for Large Vessels
Castoldi has launched the new Turbodrive 600 H.C.T. waterjet geared for large vessels.The largest in the Castoldi range to date, the new waterjet is equipped, like the other models of the range, with an integrated gearbox (certified for heavy duty ratings), with hydraulic clutch, that with its numerous gear ratios allows a match with any engine on the market.“Our aim is to supply to the customer with…
Mercury Marine Names Millender Bailey VP & GM, eSolutions
Mercury Marine, a division of Brunswick Corporation (NYSE: BC), has named Perissa Millender Bailey Vice President and General Manager, eSolutions. This new position on Mercury’s leadership team will be responsible for leading the company’s electrification business and product development strategy.Millender Bailey joins Mercury following an 18-year career with Ford Motor Company, most recently serving as the company’s global technology strategy and planning director.
European Ports and Interferry Set Sustainability Priorities
A meeting between the European Sea Ports Organization (ESPO) and global trade association Interferry has agreed a common work programme to promote an environmentally sustainable future for the European ferry business through the provision and use of onshore power supply (OPS).Underlining the shared challenges and priorities of their Europe-wide memberships, ESPO and Interferry confirmed the following…
Austal USA Launches LCS 34
Austal USA launched the 17th Independence-variant Littoral Combat Ship (LCS), the future USS Augusta (LCS 34). Assisted by tugs, the ship was escorted out of Austal USA’s floating dry dock and secured pier side on the waterfront for machinery commissioning and system activation in preparation for sea trials later this year.Augusta is the 17th of 19 Independence-variant Littoral Combat Ships that Austal USA is building for the U.S. Navy. Five LCS are under various stages of construction.
Chevron Enters U.S. Gulf of Mexico CCS JV
Oil major Chevron has closed the transaction to enter a U.S. Gulf of Mexico carbon capture and storage joint venture with Talos Energy and Carbonvert.The companies on Tuesday announced the execution of definitive documentation and closing of the expanded joint venture to develop the Bayou Bend CCS offshore carbon capture and sequestration hub, effective May 1, 2022.Under the terms of the transaction…
BMT’s Hammock wins RINA’s David Goodrich Prize
Lisa Hammock, Environmental Protection and Sustainability Managing Consultant, BMT, was awarded the David Goodrich Prize by the Royal Institution of Naval Architects (RINA). The prize, awarded annually and named after David Goodrich, a former president of RINA and one of the founders of BMT, is given for the best paper presented at the annual RINA Warships conference.The award was granted for Hammock's paper on ‘Unlocking the Potential of Sustainable Submarine Design’ at RINA Warship 2021.
NYK to Invest in theDOCK’s Navigator II Fund
NYK signed an agreement to invest in “Navigator II,” an investment fund managed by theDOCK, an Israeli venture capital firm specializing in maritime technology. Navigator II invests in and supports startup companies that research and develop innovative technologies in the fields of shipping, ports, and supply chains. Through Navigator II, NYK will promote open innovation with startup companies by…
Tanker Firm Frontline Upbeat About Euronav Tie-up
Frontline signaled optimism over its planned merger with rival Euronav on Tuesday, supported by recovering oil tanker markets in the first quarter and expectations of tight vessel supply in the coming years.The crude shipping market has struggled with low earnings since the pandemic first hit oil transport demand two years ago.This year's sanctions against Russia following the invasion of Ukraine has disrupted trade flows…
MacGregor's Equipment for Polish RoPax Ferry Trio
Cargotec's MacGregor said Tuesday it had secured a significant order for the supply of RoRo equipment to three hybrid-powered RoPax ferries.These RoPax ferries will be built at Poland's Remontowa Shiprepair Yard for the Polish ferry company Polskie Promy, part of Polska Żegluga Morska (PŻM). MacGregor has been selected to supply comprehensive packages of RoRo equipment for the three low-emission vessels powered by four LNG engines of dual-fuel type with battery assistance (hybrid).
Oil Tanker Arrives in Venezuelan Waters to Discharge Iranian Crude
A tanker carrying about 1 million barrels on Iranian heavy crude arrived in recent days in Venezuelan waters for delivery to the country's largest refinery, according…
Bolsonaro Fires Second Petrobras CEO in Two Months
Brazil's right-wing president Jair Bolsonaro fired the chief executive of oil producer Petrobras - the second in two months - after the company refused to sell fuels at a discount to consumers warning it would lead to diesel shortages. Bolsonaro also called for the election of a new board, according to a statement released close to midnight local time on Monday by the state-controlled company, opening…
CSL’s New Laker Equipped with Berg Electric Drives
Emissions reductions have been confirmed for the first laker to feature a diesel-electric drive train, after the initial weeks in service of Canada Steamship Lines’ new self-unloader Nukumi. The vessel arrived in Halifax in time to take up duties for the 2022 Great Lakes season complete with patented Direct Drive Electric technology from Berg Propulsion.Built by China’s Chengxi Shipyard, the delivery…
Brouwershaven to Resign as CEO of Heerema to Focus on New Challenges
Koos-Jan van Brouwershaven will leave Heerema as CEO on May 31, 2022. Van Brouwershaven was the CEO of Heerema Fabrication Group from 2013 and also the CEO of Heerema Marine Contractors from 2018.Van Brouwershaven said: "I have worked with passion and dedication at this professional company for almost ten years. Over the past few years, we have strategically repositioned ourselves under difficult market conditions, thereby creating the conditions for continued success in the future.
