Tuscany Requests Costly Compensations for New Italian LNG Terminal
The region of Tuscany has asked for hundreds of millions of euros in investments in exchange for allowing a new liquefied natural gas (LNG) terminal in the Tuscan port of Piombino, the Italian region said.In a statement on Monday, the region's administration said it had approved the new terminal, adding it was sending a list of requests to the national government.In June Italian state-controlled gas grid operator Snam bought a new floating storage and regasification unit (FRSU) in an effort to b
Spain Moves Yacht Linked to Russian Oligarch After Payments Stop
Spanish authorities moved a luxury yacht linked to the sanctioned head of Russian defence group Rostec after the shipyard where it was berthed stopped receiving payments for its repairs…
Markey Machinery Attracts Outside Investment to Expand
Markey Machinery is a storied marine company, starting operations in 1907, when a Charles Markey, fresh from a two-year trading expedition on the Alaska and Siberian coast, launched the C.H. Markey Machinery Company serving both the marine and logging industries.Today Markey Machinery serves as a global leader in the marine deck equipment and winch industry, a position that it seeks to grow with the…
WSP USA Hires Harris as Navy Program Director
WSP USA, an engineering, environment and professional services consultancy, has hired Charles "Chuck" Harris as Navy program director for the firm’s Federal Programs national business line.In his new role, Harris directs the growth of the Federal team’s Navy program, which includes a recent joint venture win to directly support the $500 million U.S. Navy’s Shipyard Infrastructure Optimization Program…
Tanker Unscathed After Failed Drone Attack in Yemen
A Greek oil tanker is unscathed after being targeted by a Houthi drone attack in Yemen's port of Ash Shihr.Okeanis Eco Tankers Corp. said its Marshall Islands-flagged very large crude carrier (VLCC) Nissos Kea was loading in Ash Shihr on October 21 when a pair of "drone-driven explosions" occurred in close proximity. "Neither explosion impacted the vessel. All crew is safe and unharmed. There was no damage to the vessel and no pollution…
Inland Waterways in Focus: Balancing Maintenance and Operational Requirements
The integrity of the marine transportation system as a key plank in a country's economic prosperity is in heightened focus today, with logistics snarls contributing to fast rising inflation. Maintaining the integrity of the vast U.S. inland waterway system - with more than 12,000 miles of inland and intracoastal waterways including 218 lock chambers at 176 sites - is the focus of the Maritime Risk Symposium 2022…
MSC to Acquire Towage Operator Rimorchiatori Mediterranei
Swiss-headquartered shipping giant MSC Mediterranean Shipping Company SA continues to expand with an agreement to acquire towage provider Rimorchiatori Mediterranei.The company announced Sunday a deal through its wholly owned subsidiary SAS Shipping Agencies Services Sàrl to acquire 100% of the share capital of Rimorchiatori Mediterranei S.p.A. from Rimorchiatori Riuniti and a fund managed by DWS’s Infrastructure Investment business.Completion remains subject to the receipt of approvals…
Shipbreaking Market Continues to Dim
The world gathered this week at a ship recycling conference in Dubai, for the first time in three years due to the onset of the pandemic. The big topics of the day were discussed, including various green and ESG measures being introduced to secure the sustainable future of recycling of older seafaring assets.Of course, there has been minimal activity to speak of in terms of sales, as we usually see one or two (market / private) deals being concluded and rates rising during the TW conference…
South Korea Issues Arrest Warrants Over Fisheries Official Slain by North
A South Korean court on Saturday issued arrest warrants for a former defense minister and a former coast guard chief over their alleged mishandling of the death of a state fishery ministry employee at the hands of North Korean troops two years ago.The decision by the Seoul Central District Court, which cited risks of them fleeing or destroying evidence, came days after the prosecutors on Tuesday filed…
EU Warned Germany Against Chinese Port Investment
The European Commission warned the German government last spring not to approve an investment by China's Cosco into Hamburg's port, German daily Handelsblatt reported on Friday, citing sources.Shipping giant Cosco last year made a bid to take a 35% stake in one of three terminals in Germany's largest port in the northern city of Hamburg.Germany's ruling coalition is divided over whether to approve the investment…
Containership Loses Power Off Australian Coast
A Singaporean-flagged containership went adrift after suffering a power failure before midnight on October 20 off Australia's New South Wales coast.The Australian Maritime Safety Authority (AMSA) said it tasked the specialized emergency towing vessel ETV Svitzer Glenrock from Newcastle to provide towing assistance to the disabled box ship Rio Madeira, which was en route from Singapore with 27 crewmembers on board.
Svitzer Adds Three Newbuilds in the Americas
A.P. Moller-Maersk's towage arm Svitzer announced it will take delivery of two new ASD tugboats and one workboat in the Americas region.Based in Panama, Svitzer Americas provides harbor and terminal towage as its main market segments. With the three newbuilds, its fleet will reach 82 vessels operating in ports and terminals across 12 different countries in the Americas.Arjen van Dijk, Managing Director Svitzer Americas said…
Panama Looking for Business Opportunities in Africa
The Panama Maritime Authority (AMP) and the South African Maritime Safety Authority South Africa (SAMSA) recently signed an Interinstitutional Agreement concerning the Mutual Recognition of Training and Certification.The agreement was signed by the Director of the DGGM, Captain Juan Maltez on behalf of Panama, and by the SAMSA Interim Executive Director, Zamachonco Chonco.The Ambassador and Consul of Panama in Pretoria, H.E.
Euronav Orders Two Suezmax Tankers from Daehan Shipbuilding
Oil tanker firm Euronav has ordered two Suezmax tankers from South Korea's Daehan Shipbuilding for an undisclosed fee.The vessels will be sister ships to Cedar (2022 -157,310 dwt) and Cypress (2022 – 157,310 dwt), built at the same yard. Both vessels are scheduled for delivery in the third quarter of 2024. "The vessels are the latest generation of eco-Suezmax tankers and are fitted with both Exhaust Gas Scrubber technology and Ballast Water Treatment systems.
Russia Blocking Full Implementation of Grain Deal, Ukraine Says
Ukraine said seven vessels sailed off from its ports on Sunday carrying grain bound for Asia and Europe, but accused Russia of blocking the full implementation of Black Sea grain deal. "Russia is deliberately blocking the full realisation of the Grain Initiative. As a result, these (Ukrainian) ports in the last few days are working only at 25-30 percent of their capacity," Ukraine's Infrastructure Ministry said in a statement via the Telegram messaging app.
Israeli Court Gives Green Light to Lebanon Maritime Deal
Israel's Supreme Court on Sunday rejected petitions that would have held up a landmark U.S.-brokered deal setting a maritime border with Lebanon, which Washington predicted could be finalized on Thursday. Four groups, including an Israeli opposition lawmaker, had asked the court to force the government - which is looking to fast-track the deal ahead of a Nov. 1 election - to instead hold a full vote in parliament.
AG&P Converts LNG Carrier intu FSU for LNG Import Terminal in the Philippines
Atlantic, Gulf & Pacific International Holdings (AG&P) said Sunday that it had converted the 137,512 cubic meter LNG carrier called ISH into a Floating Storage Unit (FSU), which will be a part of an LNG import terminal in the Philippines from 2023."The ISH is a central component of the first Philippines LNG Import Terminal (PHLNG). Ready to be docked at AG&P's PHLNG facility in Batangas, the FSU is…
