Gazprom Loads First Cargo from New Portovaya LNG Plant
Russia’s energy giant Gazprom has loaded its first cargo from the Portovaya liquefied natural gas (LNG) plant close to the Russia-Finland border, which has a capacity of 1.5 million tonnes per annum (
Baltic Dry Index Logs Best Week in Seven Months
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its best week in over seven months, largely driven by a 126% weekly gain in the capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, recorded its third weekly gain of about 28%, highest since mid-February.However, the dry index snapped its seven-day long gaining streak…
Canal Barge Gets $51 Million Title XI Loan
New Orleans-based Canal Barge Company, Inc. has received a Federal Ship Financing Program (commonly known as “Title XI”) loan guarantee amount of $51,458,000 over 25 years for three new towboats and 17 new barges, the U.S. Department of Transportation’s Maritime Administration (MARAD) announced.The loan guarantee approved for Canal Barge Company, Inc. supports the modernization of the company’s barges and towboats…
Amogy Ammonia-to-power System Receives LR Approval in Principle
Brooklyn, N.Y.-based Amogy said its ammonia-to-power system has received approval in principle (AIP) from classification society Lloyd’s Register, marking a key step toward the zero-emission solution's commercial use in maritime vessels. The system cracks liquid ammonia to hydrogen, which is then used to generate electrical power through proton-exchange membrane (PEM) fuel cells.With the AIP in hand…
PaxOcean to Convert PSV to Cable Layer for Triasmitra
PaxOcean said its Nanindah Mutiara Shipyard in Indonesia has secured a contract to convert a platform supply vessel (PSV) into a submarine cable laying vessel (CLV) for telecoms company PT Ketrosden Triasmitra.The PSV is the Norwegian-built Skandi Sotra, previously acquired from Norway's DOF Group.As part of the conversion, the vessel will be equipped with a remotely operated underwater vehicle (ROV) and plough system. The vessel is scheduled to be delivered early in the second quarter of 2023.
Concordia Maritime Sells Three Tankers
Sweden-based shipowner Concordia Maritime announced it has sold three product tankers to a European buyer for above-market prices.The company said Friday that it has entered into an agreement for the sale of the 65,200 dwt vessels Stena Primorsk, Stena Performance and Stena Provence, all built in 2006 at Croatia's Brodosplit Shipyard. The ships are expected to be delivered to their new owner during…
TECO 2030 Unveils Power Barge Concept
Engineering firm TECO 2030 unveiled a new product concept for its containerized fuel cells, the TECO 2030 Power Barge, designed to serve as a scalable multimegawatt solution for electricity production for shore power from hydrogen.The solution comprises TECO 2030 fuel cell modules, batteries, power electronics, safety- and automation systems, hydrogen storage, and a refueling solution.“The floating…
Foreship Hires Harris in Director Role
Naval architecture and marine engineering consultancy Foreship said it has appointed Brendan Harris as Director, Project Management Services, Foreship LLC, as the firm aims to grow its US-based business activities.Harris will be based at Foreship’s Seattle offices and take responsibility for driving regional growth in the group’s project management of ship refurbishment, focusing on returning demand…
Jan De Nul's Newbuild Jack-up Voltaire Suffers 'Limited Damage' in China Typhoon
Offshore installation specialist Jan De Nul Group said Thursday that the shipyard in China where its flagship jack-up installation vessel Voltaire is being built, was hit by typhoon Muifa in China during the night of 14 to 15 September 2022."The eye of the typhoon passed over the shipyard, causing the vessel to come loose from its moorings. Fortunately, no one was injured. Voltaire is now safely moored…
Allseas Founder Edward Heerema Hands Over The Reins to Son Pieter
Edward Heerema, founder and president of the offshore installation services firm Allseas, has decided to step aside after nearly forty years at the helm. His eldest son Pieter will assume the role of president of the Allseas Group. According to Allseas, Edward Heerema will remain as chairman and concentrate on developing and integrating new technological developments. Edward Heerema launched Allseas…
Big Berty KA4815: New Desalination Pump
Aussie Pumps introduced a new desalination pump, capable of both high pressure and high flows. Manufactured by Bertolini in Northern Italy, it features heavy duty AISI 316 stainless steel construction, which makes it suitable for reverse osmosis, desalination, food industry, pharmaceutical, marine and even chemical applications. The pump can be used as a direct drive with electric motor in the 1,450rpm range (4 pole)…
Concordia Maritime CEO: "We are getting paid very well for our oldest ships."
Sweden-based shipowner Concordia Maritime has agreed to sell three product tankers, Stena Primorsk, Stena Performance and Stena Provence, all built in 2006 and of 65,200 dwt, to an unnamed European buyer.Concordia Maritime said Friday that the delivery is expected to take place during the fourth quarter of 2022."The sale is expected to have a positive liquidity effect of approximately USD 30 million.
Post-pandemic world brings heightened risks for shipping
While the Covid-19 pandemic resulted in few direct claims for the marine insurance sector, the impact on the welfare of crews and the boom in shipping and port congestion, exacerbated by the Ukraine invasion, raises potential safety concerns.Demand for crew is currently high with the shipping boom, yet following the Covid-19 pandemic many skilled and experienced crew are leaving the industry, having endured many months, and in some cases, years, stuck on vessels.
Interview: Dan Keane, Commanding Officer, USCG RDC
United States Coast Guard service is a family legacy for Dan Keane, who today serves as the Commanding Officer of the U.S. Coast Guard Research and Development Center in New London, CT."My dad was in the Coast Guard (for nearly 37 years), so this is a way of life for me,” said Keane in explaining that a Coast Guard career “was just something I always knew I wanted to do … it’s a family tradition for…
CBED's Wind Innovation SOV Extends Stay at German Wind Farm Project
Offshore accommodation company CBED has won a contract extension for its Wind Innovation service operations vessel Wind Innovation.Back in May, the company secured a contract for the vessel at the DanTysk and Sandbank offshore wind farms in the German North Sea.Now, the extension has been secured with the wind farm owner, a joint venture between Vattenfall Europe Windkraft GmbH and Stadtwerke MĂĽnchen GmbH Vattenfall, securing full activity for the SOV, Wind Innovation, from Q1 to Q4 2023.
Marine License Insurance: Do You Need It?
Sponsored Content:Every year, many professional mariners become involved in accidents that trigger a USCG investigation.Imagine working aboard a vessel and, suddenly…
