Port of Los Angeles October Imports Tumble
October volume at the busiest U.S. seaport fell to its lowest level since 2009 as shippers sent cargo to alternate trade gateways to avoid potential disruptions from ongoing West Coast port labor talks, Port of Los Angeles Executive Director Gene Seroka said on Tuesday.The data comes as ocean trade activity returns to more normalized levels after booming in the early days of the COVID-19 crisis. Seaports like New York/New Jersey…
Freeport LNG Blames Valve Testing Faults for June Accident
Freeport LNG pointed to deficiencies in safety valve testing and operating procedures as the root causes of a pipeline explosion that shut its export plant in Texas on June 8, according to a report released on Tuesday.The fiery explosion at the Texas Gulf Coast plant, the second-largest in the U.S., caused global liquefied natural gas (LNG) prices to spike amid falling Russian supplies to Europe and other outages. The report did not indicate when the plant, which supplies 20% of U.S.
New Report Tracks the Maritime Industry's Progress to Net Zero
A new report from the Global Maritime Forum, prepared on behalf of the Getting to Zero Coalition, assesses progress toward the development of Green Shipping Corridors - maritime routes between major port hubs where zero-emission solutions are supported and demonstrated – and finds that activity during 2022 exceeded expectations. However as maritime Green Shipping Corridors progress toward implementation…
Australia Bans Bulk Carrier Over Unpaid Wages
A Panamanian-flagged bulk carrier has been detained and is temporarily prohibited from entering Australian ports after it was discovered the crew onboard was being…
Alternative Fuels, Newbuilds and Retrofits are Key to Marine Industry Growth
The global marine vessel market is projected to grow from $170.75 billion in 2021 to $188.57 billion in 2028 at a CAGR of 1.43%, according to research from Fortune Business Insights.From transportation vessels to workboats to marine construction ships, companies want to grow their business, stay current with new technologies, gain a competitive edge and be good stewards of our environment.Current marine market trends include adoption of alternative fuels…
Silver Ships Appoints Co-Owner Steven Clarke to CEO
Mobile, Ala. shipbuilder Silver Ships announced Steven Clarke has been appointed to the role of CEO. Clarke joined Silver Ships in 2015 as co-owner and chief financial officer. Since then, the company experienced a revenue increase of more than 40%. Clarke has focused on diversification of the Silver Ships customer base. This includes segmenting the customer base from more than 80% military focused to a more even cross-industry segmentation…
BAE Systems Wins $5 Billion Naval Shipbuilding Contract
Multinational defense contractor and shipbuilder BAE Systems announced it has been awarded a £4.2 billion (approx. $5 billion) contract from the U.K. Ministry of Defense to build the next five City Class Type 26 frigates for the U.K. Royal Navy in Glasgow.Ships of the class will be advanced warships designed for anti-submarine warfare and high-intensity air defense, but can adapt its role quickly to transport high volumes of humanitarian aid and house medical facilities…
Intellian to Design and Supply User Terminals for Viasat Maritime
Satellite communications solutions provider Intellian has been awarded a contract to design and supply a bespoke range of Ka-band user terminals exclusively for communications company Viasat’s Maritime connectivity solution.In addition, Intellian will also develop a 100cm upgrade kit for Intellian’s NX Series VSAT maritime antenna. The conversion kit will enable thousands of vessels the opportunity…
Kongsberg Digital Adds Propulsion Analytics’ Tools to Kognifai Marketplace
Kongsberg Digital and Propulsion Analytics have signed a partnership that will add Propulsion Analytics’ Engine Hyper Cube and VesselQUAD applications to the Kognifai Marketplace digital tools platform.Propulsion Analytics supplies applications in performance management and energy efficiency for the maritime industry.The Engine Hyper Cube application is an engine performance management and fault diagnosis tool.
Mercury Marine Unveils V10 Outboards
Mercury Marine, a division of Brunswick Corporation, on Tuesday announced the launch of its new 5.7L 350 and 400hp Verado outboard engines, said to be the industry's first V10 outboards.The new outboards are compatible with the latest Mercury SmartCraft technologies and will also be offered with an optional dual-mode 48V/12V alternator to pair with Navico Group’s Fathom e-power system, an integrated lithium-ion auxiliary power management system…
Germany Completes Construction of Floating LNG Terminal
Germany on Tuesday completed construction of its first floating terminal for liquefied natural gas (LNG) at the North Sea port of Wilhelmshaven as it scrambles to secure more LNG and move away from Russian pipeline gas."The new LNG landing place is a big step towards a secure energy supply," said Lower Saxony economy minister Olaf Lies in a statement.A floating storage and regasification (FSRU) unit…
GAC Opens Another Office in Taiwan
Global shipping and logistics provider GAC Group is expanding its presence in East Asia and the Asia-Pacific region by establishing a new office in Taiwan’s second-largest port, Taichung.The port has constructed several tailor-made wharves to serve the offshore wind energy industry as the country looks to become the leading provider of offshore wind power in the Asia-Pacific region. “By opening an office at Taichung Port…
Kongsberg Design & Equipment for India-built Offshore Wind Vessels
Norway's Kongsberg Maritime has secured a NOK 300 million ($30,2 million) contract with Pelagic Wind Services to supply advanced vessel design and equipment for two new CSOVs to be built at Cochin Shipyard in India.The CSOVs will be built to Kongsberg Maritime’s UT 5519 HL design, which, according to Kongsberg, has been upgraded to provide the highest level of operability and safety, while lowering fuel consumption and maintaining excellent seakeeping properties.
