Egypt Expects Suez Canal Annual Revenues to Hit $7 Billion
Egypt expects the Suez Canal's revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait said on Saturday.Tourism revenues are expected to reach between $10 billion and $12 billion by then, despite the Ukrainian crisis, he added.
Towboat Crewmember Medevaced Near Pascagoula
An ailing crewmember was medevaced from a towboat Friday afternoon, approximately seven miles south of Pascagoula, Miss., the U.S. Coast Guard said.Coast Guard Sector…
Op-ed: Building on Don Young’s Legacy of Protecting Alaska Oceans
May 22 marks National Maritime Day. Congress established it in 1933 in commemoration of the steam ship Savannah and her maiden voyage, which was the first trans-Atlantic journey ever made by a steam-powered vessel. In the 203 years since the Savannah departed her eponymous port in Georgia for Liverpool, England, oceangoing technology has come a long way – and maritime shipping has become a supply-chain backbone that keeps goods arriving from all over the world.
Retlif, Navy League Welcome Congressman Garbarino with a Laboratory Tour and Roundtable Discussion
Retlif Testing Laboratories, a globally recognized, independent EMC/EMI and environmental testing organization, welcomed New York State Congressman Andrew Garbarino to its secure facility for an escorted tour of their EMC (Electromagnetic Compatibility) and Environmental Simulation Services (ESS) laboratories. The tour was followed by a roundtable discussion in support of military contracting and defense manufacturing on Long Island…
Port of Virginia Secures Funding for Channel Deepening
The Port of Virginia and the US Army Corps of Engineers today signed the agreement committing the federal government to begin its financial investment in the construction effort to widen and deepen the commercial shipping channels and Norfolk Harbor.With a group of federal and state officials in attendance, Virginia Port Authority CEO Stephen A. Edwards and Col. Brian P. Hallberg, the US Army Corps of Engineers’ Norfolk District commander, signed the Project Partnership Agreement.
Baltic Dry Index Gains for Sixth Week
The Baltic Exchange's main sea freight index rose on Friday to gain for a sixth consecutive week on stronger vessel rates across segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, gained 55 points, or 1.7%, to 3,344 points. It rose 7.7% for the week.The capesize index rose 141 points, or 3.2%, to 4,526 points. The index rose for a sixth straight week…
Eagle Bulk's Scrubbers Investment Pays Off
U.S. shipowner Eagle Bulk's 2018 decision to outfit the majority of its dry bulk fleet with scrubbers has proven to be an environmentally sound and profitable decision, with an expected payback on investment by the end of 2022.The company's CEO Gary Vogel and Chief Strategy Officer Costa Tsoutsoplides said in a recent trade press interview that Eagle Bulk answered the MARPOL 2020 0.5% emissions ceiling…
Ship Designed to Collect Ocean Plastic and Convert It to Clean Hydrogen
An innovative ship is being designed to collect plastic waste from the world’s oceans and then convert it into clean hydrogen, allowing surplus hydrogen to be shipped back to shore.At least 14 million tons of plastic end up in the ocean every year, according to the International Union for Conservation of Nature (IUCN). This type of debris—which is currently the most abundant type of litter in the ocean…
Tech File: Hillhouse Industrial Shaftmaster 6000
In business since 1984 and weathering the various economic and market ups and downs over the last 40 years, Hillhouse Industrial Marine Inc. have progressed to its current system: The Shaftmaster 6000, which provides shaft RPM, shaft horsepower, shaft torque, total shaft horsepower hours, total shaft kW/hr., total shaft revolutions, total engine hours and specific fuel consumption.The system from Hillhouse…
Ten Year Deal: Finland Charters Excelerate Energy's FSRU
U.S.-based LNG company Excelerate Energy and a subsidiary of Gasgrid Finland, a Finnish state-owned natural gas transmission system operator, on Friday signed a ten-year deal in Helsinki for the charter of a floating storage and regasification vessel (FSRU) that they said would provide "flexible, reliable, and secure" supply of liquefied natural gas (LNG) to Finland, Estonia, and the Baltic Sea Region.Excelerate President and CEO Steven Kobos…
Econowind's Wind-assisted Propulsion for Vertom's Vessels
Dutch shipping firm Vertom has signed an agreement with Econowind, which provides wind-assisted propulsion solutions for seagoing ships, to install wind-assist VentiFoil units on Vertom's vessels.The Ventifoil has been described as a wing-shaped element using modern innovations in aerodynamics, creating high propelling force relative to its size. Smart suction is integrated in the wing, resulting in double the force of the Ventifoil, while reefing when needed.
U.S. Preparing New Five-year Plan for Offshore Oil and Gas Auctions
The Biden administration will propose a new five-year plan for offshore oil and gas development by June 30, the date when the current plan expires, Interior Secretary Deb Haaland said on Thursday.The announcement comes as the administration has faced pressure from Republican lawmakers to expand domestic drilling to address soaring fuel costs. President Joe Biden, however, wants to reform the federal…
CIP Proposes to Build Hydrogen Island in Danish Dogger Bank Area
Copenhagen Infrastructure Partners (CIP) has proposed to construct an artificial island dedicated to large-scale production of green hydrogen from offshore wind – called "BrintØ" - in the Danish part of the North Sea. According to CIP, one of the world’s largest dedicated fund managers within greenfield renewable energy investments, the Hydrogen Island is expected to be able to produce one million…
Inpex Plans Maintenance at Australia's Ichthys LNG from July 1 to Aug. 5
Japan's Inpex Corp plans to conduct scheduled maintenance at its Ichthys liquefied natural gas (LNG) plant in Darwin, Australia, from around July 1 to Aug.
US Coast Guard Holds Change of Watch Ceremony for Master Chief Petty Officer
Master Chief Jason M. Vanderhaden was relieved as Master Chief Petty Officer of the Coast Guard (MCPOCG) by Master Chief Heath B. Jones during a military change-of-watch ceremony Thursday, at Coast Guard Training Center Cape May, N.J.Vanderhaden also retired from the Coast Guard after 34 years of service to the nation directly following the ceremony and received the Coast Guard Distinguished Service…
Ann Phillips Sworn In As MARAD Administrator
The U.S. Department of Transportation announced that Rear Admiral (Rear Adm.) Ann Phillips, USN, Ret., has been confirmed and sworn in as the 20th Administrator of the Maritime Administration (MARAD). Nominated by President Biden on October 21, 2021, Rear Adm. Phillips was confirmed by the U.S. Senate on May 10, 2022. She is the first woman to lead MARAD as administrator.“From her distinguished naval service to her leadership on coastal infrastructure…
Stolt Tankers to Test Shore Power in Rotterdam
Stolt Tankers has signed a memorandum of understanding (MOU) with the Port of Rotterdam Authority and Vopak Botlek to conduct a six-month feasibility study for the use of shore-based power for chemical tankers calling at Vopak’s Botlek terminal. While in port, ships will be able to switch off their diesel generators and connect to mains power, potentially from renewable sources.Stolt Tankers President Lucas Vos said…
Corvus Energy to open new Battery Factory in the U.S.
![[L to R]: Chris Green, Washington State Department of Commerce Assistant Director for the Office of Economic Development and Competitiveness; Elliot Smith, Director of real estate and properties, Port of Bellingham; and Geir Bjørkeli, CEO of Corvus Energy. Photo courtesy Corvus Energy](https://images.marinelink.com/images/maritime/w100h1500/l-to-r-chris-green-132295.jpg)
As the maritime industry increasingly moves towards propulsion solutions that help cut emissions, battery technology is increasingly taking center stage on a number of ship, boat and offshore energy installations. Leading the charge are a number of battery manufacturers globally, including Norway’s Corvus Energy, which announced that the company is expanding its US operations by opening a new factory in the Port of Bellingham…
Toledo Harbor Dredging Contract Awarded
The U.S. Army Corps of Engineers (USACE), Buffalo District awarded a $4,565,000 contract to Michigan-based Ryba Marine Construction Company on May 17 to conduct dredging of the federal navigation channel in Toledo Harbor and the Maumee River.Dredging of harbors like Toledo’s and rivers like the Maumee ensures accessible depths for large vessels, the continued flow of commodities across the Great Lakes…
Three Die, Two Missing After Tugboat Sinks off Southern Italy
Three people died and two were still missing after a tugboat sank off the southern Italian coast while pulling a pontoon on a route between Italy and Albania, the coastguard said on Thursday.The Franc
