National Waterways Foundation Elects Trustees and Officers
At its meeting held November 6 in Paducah, Ky., the National Waterways Foundation (NWF) has re-elected the following Trustees:Cherrie Felder, Channel Shipyard CompaniesPeter H. Stephaich, Campbell Transportation CompanyH. Merritt Lane, Canal Barge CompanyClark Todd, Blessey MarineKristin Beck, LaFargeHolcimStephen SheridanThe NWF also elected the following new Trustees:Jennifer Carpenter, CEO, American Waterways OperatorsAndrew Brown…
World's Largest Cruise Ship Floated Out in Finland
Finland's Meyer Turku shipyard has floated out what it says is the world's largest and Royal Caribbean International’s most environmentally friendly cruise ship, Icon of the Seas.During the upcoming weekend, the ship will be moved to the outfitting dock, where its now fully assembled hull will be finished into "a magnificent cruise ship" during next year."Outfitting of the ship is a challenging job…
Navy Veteran Joins MITAGS as Director
The Maritime Institute of Technology and Graduate Studies (MITAGS) said Friday that Mark Heward had joined as Director of MITAGS.Heward came aboard with MITAGS in October 2022, after retiring from a 22-year active service career in the Royal Navy.Eric Friend, MITAGS Executive Director, said: "We are thrilled to welcome Heward Heward aboard as the Director of MITAGS. Mark’s underway time, leadership…
Deepening Turkey Tanker Logjam Snarls Russia Oil Sanctions
Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the…
Shell's 34,000t North Sea-bound Penguins FPSO Leaves Chinese Shipyard
Shell's Penguins FPSO has set sail from China loaded aboard Boskalis' White Marlin semi-submersible heavy transportation vessel.In a social media post on Thursday, Boskalis said: "Boskalis’ semi-submersible transport vessel White Marlin departed from Qingdao, China with an impressive cargo; the 34,000-ton cylinder-shaped Shell Penguins FPSO. After a smooth and safe float-on and [seafastening] campaign…
ICEYE to Deliver SAR Imagery to EMSA
ICEYE announced the start of a multi-year framework contract with the European Maritime Safety Agency (EMSA) to support their efforts in managing various aspects of maritime operations with Synthetic Aperture Radar (SAR) data.Among its many missions, EMSA, a European Union agency, provides technical expertise and operational assistance in reducing the risk of maritime accidents and assisting in response and recovery from marine pollution from ships and oil installations.
In a First, Scottish Port Set to Offer Shore Power for Offshore Vessels
Montrose Port Authority says the port is set to become the first Scottish port to provide shore power infrastructure to the energy sector.To enable shore power to offshore energy industry vessels, the port has partnered with with Plug Shore Power Ltd in a 50/50 joint venture. The partnership will see an initial investment of £1 million into the joint venture which will be named Plug Montrose Ltd."Global shipping accounted for 833 million tonnes of CO2 in 2021.
Westwood: Record Levels of FPS Throughput Capacity to be Sanctioned in 2022
As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3.8 bcfd of gas) of FPS throughput capacity sanctioned year to date (YTD). This represents a 7% increase on 2021, with Westwood anticipating an additional 180 kboepd of FPS throughput capacity to be sanctioned before the end of the year.
Ocean Freight Spot Rates Out of Far East Plummet - Xeneta
The ocean freight rate landscape in the Far East has been completely redrawn since the start of the year, with spot rates plummeting by an average of 75% across the six major trading lanes, Xeneta said in its latest report.By comparison, long-term rates are proving more resilient, with a fall of ‘just’ 13%, the ocean and air freight rate benchmarking and market analytics platform said Friday. Role reversalThe latest analysis from Oslo-based Xeneta highlights a market in flux.
Oil Price Cap Not to Blame for Turkey Tanker Queues, EU says
The Group of Seven countries' price cap on Russian oil is not responsible for a queue of tankers waiting in the Black Sea to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean, the European Commission said. The number of vessels queuing in the Black Sea increased on Friday to 20, according to the Tribeca shipping agency, amid talks to disperse the build-up. Since the start of the month…
Barcelona-Marseille Hydrogen Subsea Pipeline to Cost Around 2B Euros
An underwater pipeline to carry green hydrogen between Barcelona and Marseille will cost around 2 billion euros ($2.1 billion), according to preliminary estimates of the project agreed between Spain, Portugal and France, two sources told Reuters. It comes as an energy crisis caused by the war in Ukraine has accelerated European plans to bolster renewable energy as an alternative to Russian gas. Spain and Portugal aim to become clean hydrogen hubs and net energy exporters…
20 Oil Tankers Wait to Cross Istanbul's Bosphorus Strait
One more tanker took to 20 on Friday the number of vessels waiting in the Black Sea to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean, the Tribeca shipping agency said, amid talks to disperse the build-up.On Thursday, dismissing pressure from abroad over the lengthening queue, Turkey's maritime authority said it would continue to keep out of its waters oil tankers that lacked the appropriate insurance letters…
Vietnam Offshore Vessel Saves 154 Rohingya from Sinking Boat, Transfers Them to Myanmar Navy
A Vietnamese oil service vessel rescued 154 people from a sinking boat in the Andaman Sea and has transferred them to Myanmar's navy, state media reported, a group…
