CMA CGM to Buy New York, New Jersey Terminals from Canada's GCT
CMA CGM, one of the world's largest container shipping lines, said on Tuesday that it has agreed to acquire two container terminals at the port of New York and New Jersey from Global Container Terminals (GCT), which will extend its presence in a crucial hub for trade.The deal comes after French-based CMA CGM last month said it expects a pullback in shipping markets to accelerate in the fourth quarter due to high energy prices and flagging consumer spending…
US Says Iranian Military Boat Came Within 150 Yards of US Warships
The U.S. military said on Tuesday that an Islamic Revolutionary Guard Corps Navy boat came within 150 yards of American warships in the Strait of Hormuz, but the situation was de-escalated with the help of audible warnings and non-lethal use of lasers.In a statement, the U.S. military said the incident took place on Dec.
French Navy Intercepts Brazilian Vessel Carrying €150 Million Worth of Cocaine
A Brazilian vessel carrying more than 4.6 tonnes of cocaine worth over 150 million euros ($157.4 million) was intercepted last week by the French Navy off the coast of Sierra Leone, the Europol international police agency said on Wednesday.Europol said the vessel, which was en route to Europe, was intercepted on November 30, following joint intelligence work by France, Brazil, Britain and the United States."An investigation is underway to identify the criminal groups involved on either side of t
Alameda Fire Department Chooses Moose Boats to Build New Fire Boat
California boat builder Moose Boats announced it has been awarded a new contract from Alameda City Fire Department for the construction of an M2–38 Catamaran Fireboat.The M2 – 38 aluminum catamaran will be powered by twin Cummins QSB6.7L 480HP turbo diesel engines coupled to twin Hamilton HJX29 water-jets. Darley pumps will provide 5,000GPM of water through two 5” discharges, two 4” discharges, eight…
Jones Act Waiver Mess
Potential energy shortages in the U.S. northeast this winter have led to arguments that the U.S. Jones Act should be waived. These arguments rarely, however, grapple with what exactly it takes to waive the Jones Act. This is not blameworthy because the Jones Act waiver standard has been a mess. For decades the standard for granting a waiver was interpreted in way as to make it all but meaningless,…
First US Floating Wind Auction Closes
Five developers selected to build the first floating wind farms in U.S. federal watersTo support the California Energy Commission’s planning goals of 2-5 GW of offshore wind by 2030 and 25 GW by 2045 as well as a federal target to deploy 15 GW of floating wind by 2035, the Bureau of Ocean Energy Management (BOEM) has concluded the auction date for five 33-year leases offshore California. Exhibit 1…
Update: European Firms Capture Most Leases in California Offshore Wind Auction
The U.S. government's first-ever sale of offshore wind development rights off the coast of California drew $757.1 million in high bids, mainly from European companies seeking a foothold in the U.S. wind-power industry's expansion to the Pacific Ocean.The auction began on Tuesday and ended Wednesday, the offshore wind industry's first chance to snag leases in waters off the U.S. West Coast. It was a milestone in the global expansion of floating wind…
Western Officials in Talks with Turkey Over Oil Tanker Delays
Western officials are in talks with Turkish counterparts to resolve oil tanker queues off Turkey, a British Treasury official said, after the G7 and European Union rolled out new restrictions on Dec. 5 aimed at Russian oil exports."The UK, U.S. and EU are working closely with the Turkish government and the shipping and insurance industries to clarify the implementation of the Oil Price Cap and reach a resolution…
SCHOTTEL After Sales Service Network Expands
German propulsion systems manufacturer SCHOTTEL announced it has added new contractual service partners in Spain and France. The company currently has more than 100 sales and service stations around the globe.Stefan Buch, VP After Sales Service at SCHOTTEL, said, “Today, more than 10,000 vessels of all types and sizes are sailing around the globe thanks to SCHOTTEL propulsion systems. To ensure reliable operation at all times, we offer a wide range of services throughout the vessel’s lifecycle.
Austal USA Commences Submarine Work
Shipbuilder Austal USA on Wednesday announced production has commenced at its Mobile, Ala. shipyard in support of the company’s partnership with General Dynamics Electric Boat (GDEB) to support the U.S. Navy’s recapitalization of the nation’s nuclear submarine fleet. As part of the partnership, Austal USA is constructing and outfitting Command and Control Systems Modules (CCSM) and Electronic Deck Modules (EDM) for the Virginia- and Columbia-class programs.
Wind Propulsion: Kite System Trialed on Transatlantic Voyage
An innovative kite system is being put through its paces on board a cargo ship crossing the Atlantic as wind propulsion takes off for commercial shipping as a means to reduce fuel burn and harmful environmental emissions.The system, called Seawing, has been developed by France-based Airseas, and is currently being trialed on the 154-meter ro-ro vessel Ville de Bordeaux, which is operated by Louis Dreyfus Armateurs (LDA) and chartered by Airbus…
Russia Concerned Over Oil Tankers Build-up in Bosphorus
Russia is concerned about a build-up of oil tankers in the Bosphorus Strait and is discussing the issue with insurance and transport companies, RIA cited Russian deputy foreign minister Alexander Grushko as saying on Wednesday.At least 20 oil tankers queuing off Turkey face more delays to cross from Russia's Black Sea ports to the Mediterranean as operators race to adhere to new Turkish insurance rules added ahead of Europe's ship insurance ban and a G7 price cap on Russian oil…
