Campbell Acquires NGL's Towboat and Barge Fleet
Houston, Penn.-based Campbell Transportation Company, Inc. (CTC) on Monday announced it has signed a definitive purchase agreement to acquire the majority of the marine assets owned by NGL Marine…
US Offshore Wind Pushing Forward, But Short-term Cost Concerns Linger
As we move into March, we note both positive and negative trends developing in the U.S. offshore wind segment.As an indication of the long-term sustainability of the offshore wind industry in the United States, federal agencies are finalizing the auction by the middle of this year of three Gulf of Mexico sites that will support a minimum of 3.6 gigawatts (GW) of offshore wind capacity. This capacity is likely to come onstream early in the next decade.
Ports of Indiana Invests to Expand Following 6% Cargo Growth in 2022
Ports of Indiana announced more than $20 million in expansion and maintenance projects have been approved following several years of cargo growth.Ports of Indiana, which includes Jeffersonville, Burns Harbor and Mount Vernon, handled 11.9 million tons of cargo in 2022, resulting in a 6% increase from 2021 and 42% more than 2020. During 2022, the Burns Harbor and Jeffersonville ports both set new records for total annual shipments…
PPG Unveils New Power-saving Marine Coating
PPG announced the launch of PPG SIGMAGLIDE 2390, a new marine coating it says helps shipowners lower power consumption and carbon emissions and meet demands for higher performance with no adverse impact on the marine environment.The biocide-free fouling release coating is based on PPG HYDRORESET technology, which modifies the coating when it is immersed in water to create a super-smooth, almost friction…
Amogy Reveals Details for Ammonia-powered Tug Conversion
Ammonia power solutions company Amogy on Monday said it plans to unveil a first-of-its-kind ammonia-powered, zero-emission tugboat in late 2023.The Brooklyn, N.Y-based company revealed during CERAWeek 2023 that it is retrofitting a 1-megawatt version of its ammonia-to-power system onto a 1957-built tug at Feeney Shipyard in Kingston, N.Y. Amogy’s ammonia-to-power technology feeds liquid ammonia through…
Baltic Dry Index Hits Over 10-week High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest level since late December on Monday, supported by stronger rates across capesize and panamax segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 47 points, or about 3.9%, to 1,258, its highest since Dec. 23.Among other vessel segments…
Dassault Systèmes to help IRS Drive Digital Transformation
Indian Register of Shipping (IRS) entered into a collaboration with Dassault Systèmes to leverage virtual twin technology for driving its digital transformation…
Philippines to Deploy Subsea ROV to Pinpoint Location of Stricken Tanker
Philippine authorities believe they have found the location of a tanker that sank off a central province last week, the environment ministry said on Monday, amid a race to assess the extent of an oil spill and contain further environmental damage.The tanker, the MT Princess Empress, is thought to be lying at about 1,200 feet (366 meters) below sea level, off Oriental Mindoro province, though the information still needed to be verified…
