Shipbuilding: Leadership Transition at Bay Ship & Yacht
Bay Ship & Yacht founders Bill Elliott and Alan Cameron step back, name Joel Welter CEO, Gerona Goethe General ManagerBill Elliott, who during a 45-year career catapulted Bay Ship & Yacht (BS&Y) from operating out of a single, mobile shipping container known as the “Shipyard in a Box” to becoming a premiere ship repair conglomerate in San Francisco Bay, announced a new generation of leadership for the company.Joel Welter…
Six Developers Emerge as Winners in Historic $4.4B NY Bight Offshore Wind Lease Sale
The Bureau of Ocean Energy Management's (BOEM) New York Bight auction concluded February 26, 2022, a sale where six bidders committed to payments of close to $4.4B in total for the right to develop wind lease areas offshore New York and New Jersey.At least four of the leases have been secured by leading European offshore wind developers: Ocean Winds with GIG, RWE, Edf Renewables with Shell New Energies and Copenhagen Infrastructure Partners have all confirmed bid awards.
StormGeo Debuts 'Smart Carbon Intensity Indicator' Tool for Ships
StormGeo launched a new Carbon Intensity Indicator (CII) Dashboard that provides ship operators with the ultimate digital tool for calculating, reporting, and proactively improving the CII rankings of their fleet.The new CII Dashboard is a key addition to StormGeo’s software and services suite, s-Suite where it has been integrated into the s-Insight platform.CII RulesThe CII is an operational efficiency…
Third Day of Bidding: U.S. Offshore Wind Auction Nears $4B
The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey continued to shatter all records on Friday, reaching over $3.8 billion with one single block fetching over $1 billion.The auction, which began on Wednesday, is the first offshore wind lease sale under U.S. President Joe Biden, who sees the expansion of offshore wind as a way to tackle climate change and create thousands of new jobs.The U.S.
Maersk Halts Port Calls in Ukraine
Shipping group Maersk said on Thursday it has halted all port calls in Ukraine until the end of February and has shut its main office in Odessa on the Black Sea coast, as a consequence of the conflict with neighboring Russia."Services in Russia remain available while we have decided not to call any ports in Ukraine until 28 February and stop acceptance orders to and from Ukraine up until further notice," a Maersk spokesperson said.All of the company's 60 employees in Ukraine were at home and saf
Viking Supply Ships' AHTS Quartet Deal with Russian Client Hangs in Balance
Swedish offshore vessel operator Viking Supply Ships said Friday its contract for four anchor handling tug supply (AHTS) vessels announced earlier this month could…
Norwegian Greentech’s BWTS Secures US Coast Guard's Stamp of Approval
HAV Group’s subsidiary Norwegian Greentech has received the US Coast Guard (USCG) approval for its ballast water treatment system (BWTS). US authorities require USCG certification for both US ships and international vessels that call at US ports.By obtaining USCG certification, Norwegian Greentech's systems can now be installed and utilized by all ships; those that sail in US waters today and those…
Moldovan-flagged Tanker Hit by Missile on Ukraine Coast
Moldova's naval agency said on Friday that a Moldovan-flagged chemical tanker with a Russian crew was hit by a missile near Ukraine's port of Odessa, injuring two people…
Insurance Costs of Shipping Through Black Sea on the Rise
Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to transport goods through the region for vessels still willing to sail after Russia's invasion of Ukraine.Ship owners pay annual war-risk insurance cover as well as an additional "breach" premium when entering high-risk areas. These separate premiums are calculated according to the value of the ship…
Swedish Tanker Firm Terntank Takes Delivery of 'Green' Tanker
Swedish tanker operator Terntank has said it has taken delivery of TERN FORS tanker.Designed by Terntank and Kongsberg Maritime CM AS, TERN FORS is the second of a series of two 15000 DWT chemical and product tankers, that combine LNG/LNG engine-powered engines, are 100% biofuel compatible, emit no greenhouse gases or carbon particulates during port operations and facilitate enhanced digital solutions…
Salvage Team Boards Burnt Ship with Luxury Cars Off Azores, Towing Starts
More than a week after a ship packed with luxury cars caught fire in the middle of the Atlantic Ocean, a salvage team managed to board the vessel on Friday and started to tow it to a safe location off the Portuguese Azores archipelago.In a statement, ship manager Mitsui O.S.K. Lines Ltd (MOL) said the Felicity Ace remained stable, and the smoke that for days billowed from the vessel, adrift around 170 km southwest of the Azores…
Seatools Delivers Deep-sea mineral Collection Equipment for Allseas' 'Hidden Gem'
Subsea technology company Seatools has delivered deep-sea mineral collection equipment for Allseas' Hidden Gem seabed mining ship.Seatools was responsible for the engineering, manufacturing, and qualification of the electronics, instrumentation, and hydraulics for Allseas’ pilot polymetallic nodule collection vehicle. The vehicle will be part of a pilot nodule collection test conducted by Allseas,…
Oil Tanker Rates are Soaring
Oil tanker rates are soaring globally as traders scramble to cope with jitters over possible disruption in Russian supplies, as well as war risk premiums for ships plying the Mediterranean region following Moscow's invasion of Ukraine.Shipowners are also grappling with higher fuel costs after oil prices soared nearly $2 per barrel on Friday, with Brent back above $100. The global energy sector is concerned…
COSCO Shipping Suspends Services in Ukraine
The container shipping arm of China's COSCO Shipping said on Friday that it will stop accepting new bookings for cargoes to and from Ukraine, the latest shipping group to take such action after Russia launched an invasion of Ukraine.The company's vessels already en route to Ukraine will be re-directed to elsewhere available, COSCO Shipping said, without giving further details.(Reporting by Muyu Xu and Florence Tan; Editing by Susan Fenton)
Turkey Can't Stop Russian Warships Accessing Black Sea, Says Foreign Minister
Turkey cannot stop Russian warships accessing the Black Sea via its straits, as Ukraine has requested, due to a clause in an international pact that allows vessels to return to their home base, the Turkish foreign minister said on Friday.Ukraine has appealed to Turkey to block Russian warships from passing through the Dardanelles and Bosphorus straits which lead to the Black Sea, after Moscow on Thursday launched a full-blown assault on Ukraine from land, air, and sea.
VIDEO: Coast Guard Rescues Nine People From Burning Jack-up Rig in Texas
The U.S. Coast Guard rescued nine people Thursday from a burning jack-up drilling rig near Sabine Pass, Texas.Coast Guard Sector Houston-Galveston watchstanders received a notification at 12:51 p.m. from the dredging vessel Ohio that the Pride Wisconsin offshore drilling rig was on fire in Sabine Pass with nine people aboard.Watchstanders issued an urgent marine information broadcast and launched a…
Strong Interest in New York Bight Offshore Wind Auction – No Declared Winner After Day 2
When bidding for six leases in the New York Bight commenced on Wednesday morning, the minimum option price to secure development rights was set at close to $49 million. After the first day, 13 active bids had resulted in cumulative bids of over $1.5 billion. At the end of the second day, bidding closed at a total of $3.35 billion. Bidding is set to continue until six leaseholders are identified.The auction reflects the increased interest and confidence in the opportunities provided by the U.S.
Partners Aim to Develop Solid Oxide Fuel Cell Technology for Ships
The Korea Register (KR) has signed an MOU agreement with STX Energy Solutions (STX ES) and Daewoo Shipbuilding & Marine Engineering (DSME) to work together on ‘The technology standardization and commercialization of solid oxide fuel cells.’The agreement was signed to facilitate the development of a future power generation system through the sharing and application of technology and research resources…
Coin Ceremony Held for MSC's Explora I
A coin ceremony has been held for Explora I, the first of four luxury cruise ships ordered by the Cruises Division of MSC Group for its new luxury brand Explora Journeys, at Fincantieri’s shipyard in Monfalcone, Italy.The vessel, whose construction began in June 2021, will enter service in May 2023 and is the first of four ships on order worth more than €2 billion, each with a gross tonnage of approximately 64,000 tons.
Major Buyers of Russian Oil Struggle with Bank Guarantees
The global oil market was thrown into chaos on Thursday after Russia invaded Ukraine, with top buyers of Russian oil struggling to secure guarantees at Western banks…
