New Ship Technology Will Produce Hydrogen on Board from LNG
The technology group Wärtsilä has entered into a joint development agreement with Hycamite TCD Technologies, a privately-owned Finnish company specializing in the development of a technology for producing clean hydrogen and solid carbon from methane. The two companies will work together to enable cost-effective production of hydrogen from liquefied natural gas (LNG) on board marine vessels. The concept…
Denmark Finds Nigerian Man Guilty in Pirate Case, Delivers No Sentence
A Danish court on Monday found a Nigerian man guilty of endangering the lives of Danish military personnel in a shooting incident last November involving Denmark's navy and a crew of suspected Nigerian pirates in the Gulf of Guinea.However, the court declined to sentence the Nigerian, Lucky Frances, 40, despite a call from the prosecutor for a prison sentence of 12 to 15 months.As part of international anti-piracy efforts, Denmark deployed a frigate to the Gulf of Guinea in October last year.
Shell to Acquire PANOLIN's ECL Business
Supermajor Shell anounced its subsidiaries in Switzerland, the UK, US and Sweden have entered into agreements to acquire the environmentally considerate lubricants (ECLs) business of the PANOLIN Group.The transaction includes the PANOLIN brand, ECL product formulations, intellectual property, technical expertise and technology, international customer base and portfolio of products – for hydraulics…
Newport News Authenticates Keel for US Navy Sub Arkansas
HII’s (NYSE: HII) Newport News Shipbuilding (NNS) division hosted a keel authentication ceremony for Virginia-class submarine Arkansas (SSN 800).The ship’s sponsors are the six women of the historic group known as the Little Rock Nine, the first African American students to attend all-white Central High School in Little Rock, Arkansas during desegregation. NNS honored all nine members, including the three men…
Middle River Marine Acquires Kindra Lake Towing
Mokena, Ill. based Middle River Marine, LLC announced it has struck a deal to acquire the assets of Chicago's Kindra Lake Towing LP.With the acquisition, Middle River will expand its affreightment…
Marine News' Top Vessels of 2022
The November edition of Marine News magazine highlighted the most notable newbuilds delivered in 2022. From sturdy and nimble workboats, to the first new Jones Act laker in a generation, each vessel on display showcases the industry’s engineering prowess and technological ingenuity, with the focus on improving efficiency in operations. The maritime industry has no shortage of challenges to overcome…
Chevron Can Resume Key Role in Venezuela's Oil Output, Exports
Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country's crude oil to the United States.The decision grants broader rights for the last big U.S. oil company still operating in U.S.-sanctioned Venezuela. However, it restricts any cash payments to Venezuela, which could reduce the oil available to export.License terms are designed to prevent state-run oil firm Petróleos de Venezuela…
CMA CGM Sees Profits Ebbing as Shipping Boom Fades
CMA CGM said it expects a pullback in shipping markets to accelerate in the fourth quarter due to high energy prices and flagging consumer spending, and this will reduce its profitability following an earnings surge in the past year.French-based CMA CGM, one of the world's largest container lines, reported on Friday a net profit of $7.0 billion for the third quarter, up from $5.6 billion in the year-earlier period.However…
Ship Recycling: Duties Reduced, Prices Down
After the announcement by the Indian government that they would reduce export duties on iron ore and steel products, the Alang market surged by Rs. 4,000 (about USD 49) in a single day, only to come crashing down in subsequent days to the tune of USD 50/Ton by the time the weekend had arrived.In the midst of this surge, there was one Capesize Bulker sold for HKC / strictly green recycling into India…
LNG Backlog at Spanish Ports Has Eased
Spanish gas grid operator Enagas said on Friday a backlog at its terminals that had forced it to warn it could reject deliveries of liquefied natural gas (LNG) had eased.On October 17, Enagas had issued a special situation notice due to unexpectedly full LNG tanks at its Spanish ports as mild weather hit demand for the fuel.Although the system operator expected the situation to end in early November, the overcapacity has lasted almost four weeks longer and has led to delays in planned offloading
Rotterdam Port to House Battolyser Plant for Green Hydrogen Production
The Port of Rotterdam on Monday said it will help develop a 14,000 square metre factory for Battolyser Systems, a company that designs combined battery and green hydrogen production machines.Financial terms were not disclosed.The port, which has announced a series of hydrogen-related deals this year, said it views the company, a spin-off from the Delft University of Technology, as an anchor for a part…
Stena Line Expands Its Ireland-France Ferry Service
Stena Line announced it is increasing capacity Ireland-France route with the addition of an extra vessel starting in June 2023.“Ahead of what is expected to be a busy summer in 2023, we will be doubling our sailing frequency and tripling our passenger capacity for tourists on our Rosslare – Cherbourg service as well significantly increasing freight capacity,” said Paul Grant, Irish Sea Trade Director…
GAC Group Names New Group President
Shipping, logistics, and marine services provider GAC Group has appointed Pontus Fredriksson as its new group president, effective January 2023.Bengt Ekstrand, who has held the position for the past 10 years, will take on the role of Executive Co-Chairman alongside GAC’s long-standing Executive Chairman Björn Engblom."Ekstrand’s tenure began at a time of economic turmoil in the Eurozone and expanding armed conflicts in the Middle East.
Vessel Autonomy in Offshore Wind: Scaling up Ops via Tech, Regulation
Autonomous technology is adding value to the offshore wind (OSW) industry, its supply chains and government policy with the potential to deliver benefits such as increased operational efficiency and safety, and reductions in human error and operational costs. With the unique needs for wind leases and their relative close proximity to shore, a wider group of systems and technologies can be deployed.A…
Zero-C Offshore: A New UK Firm Aiming to Address ‘Chronic’ FIV Shortage
The global offshore wind industry is staring down a potential shortage of foundation installation vessel capacity. A new UK company led by former offshore drilling executive Jon Oliver Bryce intends to help tackle this challenge as the industry’s first pure-play foundation installation vessel (FIV) firm.The number of planned offshore wind projects globally is growing, spurred by green targets and a shift away from Russian oil and gas.
Video: Overboard Cruise Passenger Recovered in the Gulf of Mexico
A passenger who fell overboard from a cruise ship in the Gulf of Mexico was rescued Thursday after a day of treading water, the U.S. Coast Guard said.Watchstanders at Coast Guard Sector New Orleans received a call from the Carnival Valor at approximately 2:30 p.m. Thursday, reporting a passenger aboard the cruise ship was missing. The missing person, a 28-year-old male, had reportedly fallen overboard on…
DOF Charters Havila Phoenix CSV. Wins Contracts in Atlantic Region
Offshore vessel operator DOF Group is pleased to announce multiple new contracts in the Atlantic region and the long-term charter of the construction support vessel…
Siem Offshore Bags Charter for Multi-purpose Support Vessel
The Norwegian offshore vessel owner Siem Offshore has entered into a one-year firm contract plus options for the multi-purpose support vessel Siem Dorado with an undisclosed client. The contract will start in direct continuation of the current contract, and operations are expected to be primarily outside the North Sea.Built in 2009, the Siem Dorado is a diesel electric-driven vessel. It is designed to meet the general offshore supply market with its 100-ton compensated offshore crane…
ClassNK Grants AIP for Ammonia-fueled 200,000 DWT Bulk Carrier
Classification society ClassNK has issued an approval in principle (AIP) for an ammonia fueled 200,000 DWT type bulk carrier jointly developed by ITOCHU Corporation, Nihon Shipyard Co., Ltd., Mitsui E&S Machinery Co., Ltd., Kawasaki Kisen Kaisha, Ltd. (“K” LINE), and NS United Kaiun Kaisha, Ltd.ClassNK said it carried out the design review of the vessel in line with Part C of its "Guidelines for Ships Using Alternative Fuels”.
Russia Oil Turmoil Seen Driving Tanker Market Higher
Tough new sanctions on Russian oil shipments taking effect from December are likely to boost already high tanker rates as buyers race to replace cargoes and are forced to use longer routes, a leading ship manager said.In the latest action against Russia in response to its invasion of Ukraine that began in February, the European Union will ban Russian crude imports from Dec 5, and Russian oil products from Feb 5.Designed to deprive Moscow of revenues that could finance its action in Ukraine…
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