Macquarie to Divest U.S. Port Terminal Operator Ceres
Australian financial conglomerate Macquarie Group said on Thursday it would divest its U.S.-based port terminal operator Ceres Terminals, with a source familiar with the matter placing the deal value north of $900 million.Macquarie did not disclose any further details on the deal, and declined to comment on Reuters' request seeking confirmation of the sale value.The Wall Street Journal in May reported that Macquarie was looking for about $1 billion from the sale…
Tidewater Appoints Dick H. Fagerstal Chairman of the Board
Tidewater has appointed Dick H. Fagerstal non-executive Chairman of the Board.In addition, the Board has reduced the size of the Board from nine to eight members.Fagerstal stated, “I am honored to assume the role of Chairman of the Board of Tidewater at such an exciting time for our industry. I believe the company is well positioned to capitalize on the increasing global offshore activity with recently…
EPA Settles Ballast Water Violation Claims
The U.S. Environmental Protection Agency (EPA) has settled with two shipping companies over claims of violations of EPA’s Vessel General Permit issued under the Clean Water Act.Under the terms of the settlements, Swire Shipping Pte. Ltd. will pay $137,000 in penalties and MMS Co. Ltd. will pay $200,000 in penalties for claims of ballast water discharge, inspection, monitoring, and reporting violations.The violations relate to Singapore-based Swire Shipping’s vessels…
UECC Trials Biofuels
Ship operator United European Car Carriers (UECC) has bunkered sustainable biofuel for the first time in collaboration with GoodFuels and vessel owner NYK.GoodFuels delivered the B30 blend, 470 tonnes of VLSFO and sustainable biofuel, to time-chartered Emerald Leader in the port of Vlissingen in May. NYK, joint owner of UECC, is working closely with UECC to monitor the biofuel's performance.The use of sustainable biofuel on the Emerald Leader…
New Propeller Coating for Eastern Pacific Shipping Fleet
Eastern Pacific Shipping (EPS) is introducing Graphite Innovation & Technologies’ graphene-based, biocide-free propeller coating across its fleet after positive results on an LPG tanker.Graphite Innovation & Technologies (GIT) says the eco-friendly, highly durable, and ultra-low friction foul release coating, XGIT-PROP, is an effective way to improve and maintain the vessels’ CII ratings over the drydocking…
DSC Dredge Hires Casey as Project Manager
Louisiana based dredge manufacturer DSC Dredge announced it has welcomed to its team Navy veteran, Keith Casey as its new project manager.With over 20 years of experience in construction and project management, Casey brings a wealth of expertise as he directly manages all construction projects from its early development through project completion. He will also be responsible for overall cost, schedule and budget evaluation…
MR4WELD Debuts: Mobile, Robotic Welding for Shipbuilding
Italian companies Comau and Fincantieri presented today the first result of their joint collaboration with Automatica: MR4Weld (Mobile Robot for Weld), a mobile robot, an innovative outdoor automation solution, designed to improve the quality, performance and well-being of operators during labor-intensive welding activities.The MR4Weld mobile robot is being tested and will be used in the Fincantieri shipyards to autonomously weld steel structures…
Pieces of Shattered Titanic Submersible Brought Ashore in Canada
A Canadian-flagged ship on Wednesday brought ashore debris from the Titan submersible that imploded while on a voyage to the century-old wreck of the Titanic earlier this month…
Denmark Puts Off North Sea Energy Island Tender Due to High Cost
The Danish government has postponed the launch of a tender to establish a North Sea energy island project due to high costs, the country's ministry of energy said on Wednesday.The project included the construction of an artificial island in the North Sea that would serve as a hub to gather and distribute power generated by surrounding offshore wind turbines.
Korean Register Grants AiP to K Shipbuilding and ForceTEC for Ship Cyber Resilience Design Technology
Korean Register (KR) has awarded Approval in Principle to K Shipbuilding and ForceTEC for their design technology focusing on ship cyber resilience in accordance with the International Association of Classification Societies (IACS) Unified Requirement (UR) E26.KR, K Shipbuilding, and ForceTEC in January embarked on a joint research project aimed at applying and validating the rules of ship cyber resilience…
Sale of 37 PSVs to Tidewater: Solstad Offshore's Exit from PSV Sector Imminent
Norwegian offshore vessel owner Solstad Offshore has revealed the expected completion date for its previously agreed sale of 37 platform supply vessels to the U.S. offshore vessel firm Tidewater.Solstad Offshore in March said it would sell 37 PSVs to Tidewater in a move that will mark Solstad Offshore's exit from the platform supply vessel sector.In a statement on Wednesday, Solstad Offshore said the…
Performance Shipping Bags Charter for M/T P. Aliki Tanker
Performance Shipping, a shipping company specializing in the ownership of tanker vessels, has entered into a time charter contract with ST Shipping & Transport Pte Ltd.…
China's Shandong Starts Releasing Oil Stranded at Ports after Inspections, Sources Say
China's Shandong refining hub has begun releasing millions of barrels of oil that were stuck at ports after inspections curbed imports into the province, trading sources said following a meeting this week between officials and refiners.The easing of curbs placed on China's top oil importing province in mid-April will help free up inflows of heavy crude from Venezuela and Iran, they said. In a meeting hosted by the Shandong government on Tuesday between customs officials and independent refiners…
Mitsui OSK Gets AiP for Liquefied CO2 Vessel, Floating Storage Unit
Japanese shipping company Mitsui O.S.K Lines (MOL) 9104.T has received in-principle approvals for a liquefied CO2 vessel and a floating storage and offloading unit (FSO) from the American Bureau of Shipping, its Chief Executive Takeshi Hashimoto said on Wednesday.The vessel and the FSO were developed by the company along with Malaysia's state-run oil company Petronas and Shanghai Merchant Ship Design and Research Institute…
Italian Cable Giant Ups Emission Reduction Targets for the Near Term
Italy's Prysmian has adopted a net zero carbon target by 2050 and slightly upped its emission reduction targets for the near term, the world's largest cable maker said on Wednesday.Prysmian - which supplies cables for industries including high voltage power transmission, offshore wind farms and telecoms - said in a statement it was committed to reducing all greenhouse gas (GHG) emissions throughout the value chain by 2050.As part of this plan…
China's Coal Seaborne Imports Surge 73%
“Despite China’s strategy of pursuing increased domestic coal production, which has meant that year-to-date production stands 5.8% higher than last year, its seaborne imports of coal have nevertheless surged 73% y/y so far,” said Niels Rasmussen, Chief Shipping Analyst at BIMCO.The Chinese government target for domestic coal production is 4.6 billion tonnes in 2025, which is 2.5% higher than in 2022.
VIDEO: Coast Guard Medevacs Cruise Ship Passenger with 'Severe Blood Loss'
The U.S. Coast Guard medevaced a 53-year-old man from a cruise ship Sunday approximately 230 miles south of New Orleans, Louisiana.Coast Guard District Eight watchstanders received a call at approximately 3:30 p.m. Sunday from the crew of the cruise ship Voyager of the Seas requesting a medevac for a passenger aboard experiencing severe loss of blood.Watchstanders diverted a Coast Guard Air Station…
LNG Bunker Carrier Paolina Cosulich Launched
Fratelli Cosulich Bunkers (S) Pte Ltd. christened and launched its second Small Scale LNG carrier - the Paolina Cosulich - at the CIMC SOE shipyard in China.The event was attended by Diana Mok - Managing Director at Fratelli Cosulich Bunkers (S) Pte Ltd, acting as the godmother of the vessel. Paolina Cosulich will sail under the Italian flag with Captain Vincenzo Scotto at the helm. The 5,300 DWT vessel can carry 8…
Keel Laying for Future USNS Point Loma (EPF 15)
Austal USA celebrated the official start of construction of the future USNS Point Loma (EPF 15) with a keel laying ceremony in its Mobile, Ala. shipyard. Ship sponsor Mrs. Elizabeth Asher, with the assistance of Perry Sullivan, a 17-year Austal USA veteran A-class welder, authenticated the keel by welding her initials into a keel plate that will be welded to the hull of the ship.The future USNS Point…
Panama Pledges to Purge More Substandard Ships from World's Largest Registry
The Panama Maritime Authority (AMP) said on Tuesday it would continue to clean up its fleet to prevent substandard Panama-flagged ships from being detained in foreign ports, a week after the country was added to an international watch list.Panama's ships registry was last week added to the "grey list" of the Paris Memorandum of Understanding (MOU), an agreement among 27 countries establishing an international inspection regime for foreign ships in other nations' ports…
