Ship Insurers to Cancel War Cover for Russia, Ukraine
Ship insurers said they are cancelling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses.Reinsurers, who insure the insurers, typically renew their 12-month contracts with insurance clients on Jan. 1, giving them the first opportunity to scale back exposure since the war in Ukraine started, after being hit this year by losses…
Japan Insurers to Continue Offering War Coverage for LNG Shippers in Russian Water
Japanese insurers are expected to continue providing marine war insurance which covers the sinking and requisition of ships due to war in Russian waters after Jan. 1, the Nikkei daily said on Thursday.Japan's Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance told shipowners last Friday that from Jan. 1 they would stop offering insurance coverage for ship damage caused by war in Russian waters, because reinsurers were withdrawing coverage.
Operation Coal Shovel: US Coast Guard Kicks Off Great Lakes Icebreking
The U.S. Coast Guard on Monday commenced Operation Coal Shovel, a domestic icebreaking operation to maintain commercial vessel traffic from southern Lake Huron to Lake St. Clair, to the St. Clair / Detroit River system, and into Lake Erie and Lake Ontario including the St. Lawrence Seaway.U.S. and Canadian Coast Guard icebreakers work together in these waterways as conditions worsen throughout the winter to ensure the ability to conduct search-and-rescue…
What's in a Foot? December 31, 2022 Marks End of U.S. Survey Foot
NOAA and the National Institute of Standards and Technology (or NIST) are starting the new year off on the “right” foot.On New Year’s Eve, the two federal agency partners will officially retire the use of one of two measuring feet, to reduce surveying errors that can cost money.Discontinuing the use of the U.S. survey foot and embracing of its replacement — the international foot — are also part of…
Sanmar Delivers Four New Tugs
Sanmar Shipyards delivered four tugs during the final week of 2022 rounding off a year that saw the Turkish tugboat-builder deliver a total of 30 tugs to operators across Europe, the Middle East, Australia, South and Central America and Asia, along with others to its domestic market in Türkiye.The last tug to be delivered in 2022 was YENICAY XVI to Türkiye based Marintug, where it was been renamed ADAKALE by its new owners.
Sembcorp Delivers 8th-generation Drillship Deepwater Titan to Transocean
Singapore-based shipbuilder Sembcorp Marine has delivered Deepwater Titan, the world’s second 8th-generation drillship, to Transocean subsidiary Triton Titan GmBH.Deepwater Titan is the second of two new 8th-generation drillships constructed by Sembcorp Marine based on the group’s Jurong Espadon 3T design. The dual-derrick drillship is the first-ever unit delivered with two 20,000-psi blowout preventers (BOPs)…
Euroseas Sells 2001-built Containership for $14.2 Million
Greek shipowner Euroseas on Thursday announced it has sold a 2001-built post-Panamax containership to an undisclosed buyer for $14.2 million.The 5,610 TEU vessel…
New Lock at the Soo Reauthorized in WRDA 2022 at $3.219 Billion
U.S. Army Corps of Engineers, Detroit District New Lock at the Soo Project in Sault Ste. Marie, Michigan is reauthorized in the Water Resources Development Act (WRDA) 2022 on Dec 23, 2022. The project reauthorization amount is $3.219 billion.An authorization sets how much money agencies and programs can receive, and how they should spend the money. This authorization makes it possible for the project to maintain efficient funding eligibility.
Brazil's Haunting Graveyard of Ships Risks Environmental Disaster, Warns Activist Group
On a stormy evening in mid-November, a huge, abandoned cargo ship broke free of its moorings and slowly floated into the massive concrete bridge that carries cars across Brazil's Guanabara Bay to Rio de Janeiro.Brazil's navy said the 200-meter-long (660-ft.) Sao Luiz, a rust-spattered bulk carrier built in 1994, had been anchored in the bay for more than six years awaiting legal proceedings before it crashed into Latin America's longest over-water bridge.
The More ‘Eyes On The Water’, The Better
Manama, Bahrain -- Advancing maritime domain awareness in the U.S. Naval Forces Central Command/U.S. Fifth Fleet area of responsibility (AOR) is a challenging task. Yet keeping the sea lanes open is critical for the region, for the U.S. and the world.U.S. Naval Forces Central Command (NAVCENT), U.S. Fifth Fleet and Combined Maritime Forces (CMF) are all headquartered here in Bahrain, under the command of Vice Admiral Brad Cooper. U.S. Fifth Fleet oversees the operations for all U.S.
Russia and China Hold Naval Drills, Practice Submarine Capture
Russia and China have completed naval drills in the East China Sea, after a week of joint exercises which included practicing how to capture an enemy submarine with depth charges and firing artillery at a warship, Russia's defense ministry said.The Dec.
Russian Pipeline Gas Exports to Europe Drop to a Post-Soviet Low
Russian gas exports to Europe via pipelines plummeted to a post-Soviet low in 2022 as its largest customer cut imports due to the conflict in Ukraine and a major pipeline was damaged by mysterious blasts, Gazprom data and Reuters calculations showed.The European Union, traditionally Russia's largest consumer for oil and gas, has for years spoken about cutting its reliance on Russian energy, but Brussels got serious after the Kremlin sent troops into Ukraine in February.State-controlled Gazprom…
FSRU Exemplar Arrives in Finland
Excelerate Energy's floating storage and regasification unit (“FSRU”) Exemplar arrived at the port of Inkoo, Finland on December 28, 2022. The FSRU was previously loaded with a partial cargo of liquefied natural gas (LNG) which will serve as the initial commissioning cargo for the terminal."The FSRU Exemplar, which is chartered to Gasgrid Finland Oy (“Gasgrid”) for a period of ten years, will provide flexible…
MacGregor to Deliver RoRo Equipment to Two K Line Pure Car and Truck Carriers
Cargotec's MacGregor said Thursday it had won a large order to supply RoRo equipment for two 6,900 CEU Pure Car and Truck Carriers (PCTC).The ships will be built at Shin Kurushima Toyohashi Shipbuilding Co.,Ltd. for K Line (Kawasaki Kisen Kaisha, Ltd) in Japan.The first vessel is scheduled to be delivered to the owner in the first quarter of 2025 and the second in the second quarter of 2025. MacGregor’s scope of supply consists of design…
How Will Japan Resolve Shipping Insurance for Russian LNG imports?
Japan, the world's top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from Russia after Western reinsurers said they would halt marine war insurance for ships travelling in Russian waters from Jan. 1.Having joined other G7 countries in imposing sweeping sanctions on Moscow for the invasion of Ukraine, Japan has been reducing its reliance on Russian oil and coal…
