Shell to Pull the Plug on Gazprom Equity Partnerships
In the latest corporate backlash to Russia's invasion of Ukraine, the Board of Shell plc said it intends to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project.“We are shocked by the loss of life in Ukraine…
Staten Island Ferry Sandy Ground Commissioned
Staten Island Ferry's second new Ollis-class vessel, Sandy Ground, was commissioned Friday by New York City Mayor Eric Adams.“I am honored to commission a new Staten Island Ferry named for a community of New Yorkers who represent the best of our city and our country,” said Mayor Adams. “The settlers of Sandy Ground were our ancestors, and they worked hard to build a vibrant community that became a safe haven for so many seeking freedom.
COSCO Takes Delivery of LNG Dual-fuel VLCC
A newly delivered very large crude carrier (VLCC) is said to be the world's first capable of running on liquefied natural gas (LNG).The Yuan Rui Yang was handed over on Monday at China's Dalian Shipbuilding Industry Company (DSIC) for shipping giant COSCO.Classed by China Classification Society (CCS), the 333-meter-long vessel will be operated by COSCO Shipping Energy Transportation Company. It has a molded breadth of 60 meters…
Russian Warships Curb Tilts Turkey to West, Risks Russia's Ire
Turkey’s pledge to block some Russian warships from passing through its waters to the Black Sea during the Ukraine crisis could help repair its ties with NATO, even as it risks reprisals from Moscow.But a buildup of Russian ships waiting to make the journey will test Ankara’s resolve over the next few days and show how far it is willing to go in tilting its uniquely delicate diplomatic balance between…
Sanmar Shipyards Completes Record Number of Vessels in a Month
Sanmar Shipyards reports it has completed a record number of vessels within one calendar month, with six tugs and two pilot boats gaining their class certificates during January 2022.The record-breaking start to the New Year takes the total number of projects completed by Sanmar to more than 300, with 302 being completed to date.Sanmar builds tugboats at its two custom-built shipyards in Turkey. Its production capacity will be boosted further when a third yard…
Steady Lifting for Offshore Wind
Offshore wind in the United States is moving forward at pace, thanks in large part to a number of positive developments for the newly emerging industry over the last year or so. For one, the Biden administration at the start of 2021 revealed its aim to have 30 gigawatts (GW) of offshore wind power in development by 2030 and 110 GW by 2050. Those are some big numbers, and the industry is now getting in gear to produce.It will take a large number of vessels to help build up to reach these targets…
Echandia Opens Branch Office in Norway
Swedish battery systems for maritime electrification company Echandia announced its intention to expand in the Norwegian market through opening of a new branch office helmed Roy Storeng, who was recently hired to lead business development.Echandia is a developer of zero-emission energy solutions for heavy-duty maritime electrification, with customers in Europe, Asia and Oceania, including Cochin Shipyards…
Coast Guard Honors Heroic Tugboat Crew
It was an unusually slow day on the docks back on April 21, 2021 when crewmembers onboard a Brusco tugboat sprang into action from the Port of Hueneme to assist a vessel in distress. A 17-year-old containership named the President Eisenhower was headed from Los Angeles to San Francisco when it suffered an engine room fire that disabled command of the vessel.A vessel named Teresa Brusco and her crew…
Suez Canal to Increase Tolls By Up to 10%
Egypt’s Suez Canal Authority said on Sunday it was increasing canal tolls by up to 10% for laden and ballast vessels, effective March 1.The decision was “in line with the significant growth in global trade, the improvement of ships’ economics, the Suez Canal waterway development and the enhancement of the transit service”, according to a series of circulars by the canal authority.(Reuters - Reporting by Ahmad Elhamy and Moaz Abd-Alaziz; Editing by Alison Williams)
Russia's PSB Denies Owning Oil Tanker Targeted by US Sanctions
Russia's Promsvyazbank (PSB) said on Monday its unit PSB Leasing did not own the oil tanker Linda, among five ships targeted by U.S.
Bulk Carrier Crewmember Medevaced off Texas Coast
An ailing mariner was medevaced from a Liberian-flagged bulk carrier anchored off Corpus Christi, Texas, the U.S. Coast Guard said.Coast Guard Sector/Air Station…
DOF Subsea Charters Jones Act-compliant Offshore Vessel
Oslo-listed Subsea services company DOF Subsea has entered into an agreement with Otto Candies for the charter of the Jones Act compliant vessel Chloe Candies for a firm period of two years. The deal follows on from the charter of the Ross Candies, DOF Subsea, a subsidiary of DOF ASA, said."The charter period commenced in May, with the intent to utilize the vessel to support operations for existing North American clients in the GOM," DOF Subsea added.
SAYFR Gets $3m Backing from Nordic Venture Fund
The unique mix of data and digital solutions approach developed by safety culture specialist SAYFR has been given added momentum from the Nordic venture fund Corinthian Venture Partners (CVP).CVP has invested nearly $3m in SAYFR’s share issue to scale up SAYFR’s SaaS offering. This solution comprises unique data insights and a set of digital products which improve organizational safety culture, improvements that can help to save lives and reduce accidents and environmental pollution.
War Shocks: Ship Scrap Prices Spike on Russian Invasion of Ukraine
According to ship recycling leaders at GMS, sub-continent markets remain firmly poised for another week, particularly in Bangladesh and a now resurgent India.Pakistan, as seems to be typical for the market there, has gone quiet over much of the international uncertainty surrounding the possible outcome of the recent Russian invasion of Ukraine.Bangladeshi buyers have in turn, ramped up their buying and price offerings…
Russian Oil Tanker Hit by Sanctions Heading to Malaysia
A Russian-flagged crude oil tanker targeted by U.S. sanctions is heading to Malaysia, shipping data showed on Monday, amid growing international scrutiny on businesses…
Enthusiasm for Clean Energy Undeniable, Sec. Haaland Says after Record U.S. Offshore Wind Lease Sale
The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey drew a record $4.37 billion in high bids from developers that included major European energy companies.The auction, which began on Wednesday and stretched into Friday afternoon, is the first offshore wind lease sale under U.S. President Joe Biden, who sees the expansion of the industry as a…
Coast Guard Medevacs Oil Worker from Platform Off Louisiana
The U.S. Coast Guard medevaced an oil platform worker last Thursday near Breton Sound, Louisiana.Coast Guard Sector New Orleans watchstanders received a notification at approximately 6:25 p.m. from the oil platform Breton Sound 21 of a worker sustaining serious injuries to the arm, Coast Guard said Friday.Watchstanders coordinated the launch of a Coast Guard Air Station New Orleans MH-65 Dolphin helicopter crew to assist.
IMO SecGen "Gravely Concerned" about crisis in Ukraine
IMO Secretary-General Kitack Lim issued the following statement regarding the crisis in the Ukraine and its impact on shipping and seafarers."As the humanitarian crisis continues to unfold in Ukraine, I fully support and stand with UN Secretary-General António Guterres' call for hostilities to cease immediately. I am gravely concerned about the spill over effects of the military action in Ukraine on global shipping…
13 Dead after Tourist Boat Capsizes in Vietnam
At least 13 tourists were found dead and four remained missing after a boat capsized off Vietnam's central coast of Hoi An on Saturday, a city official said."We are searching for the missing," Nguyen Sinh, party chief of Cua Dai Ward in Hoi An City told Reuters.The accident happened when the boat was carrying 36 tourists and three sailors from Cu Lao Cham Island to Hoi An, the government said in a…
Ship Seized in France, Suspected of Violating Russia Sanctions
France on Saturday seized a car cargo ship in the English Channel that Washington says was linked to the son of a former Russian spy chief, in one of the first visible…
