No Clear Winner in US, China Contest in the Pacific
The United States opened international aid offices in the Pacific Islands this week, bolstering support for the strategic region and pitting it more forcefully against China, which has been providing infrastructure loans to the area for years.The vast ocean region, pivotal in World War Two, is in the spotlight again amid tensions over Taiwan. Taiwanese officials this week said China, which claims the island as its territory…
Boston Ship Repair Awarded $13.8 Million MSC Job
Boston Ship Repair has been awarded a contract for the regular overhaul and dry docking of Military Sealift Command’s (MSC) expeditionary fast transport USNS Burlington (T-EPF 10).The $13,824,169 firm-fixed-price contract includes a base period and two unexercised options which, if exercised, would bring the cumulative value of this contract to $13,880,012. Boston Ship Repair's bid won among four…
DP World Posts 10% Fall in H1 Profit, Flags Uncertain Trade Outlook
Dubai's state-owned ports giant DP World said on Thursday its first-half profit fell nearly 10% from a year earlier, even as revenue climbed nearly 14%, and flagged an uncertain outlook for trade.Profit attributable to DP World's owners in the six months to June was down 9.7% at $651 million from a year earlier, when the port operator posted record profit of $721 million."While the near-term trade outlook may be uncertain due to macroeconomic and geopolitical factors…
Poland's Orlen, Gaz-System Sign Gas Deal for Planned Floating Terminal
Poland's Orlen has signed a contract with state-owned pipeline operator Gaz-System for the regasification of up to 58 liquefied natural gas (LNG) cargoes per year at a planned floating gas terminal, the energy company said on Friday.Poland has turned to seaborne LNG as well as gas piped from Norway via Denmark and the Baltic Sea to replace supply from Russia.The planned terminal is to be built on the…
First Ship to Use Ukraine's Corridor Arrives in Istanbul
The first vessel that used Ukraine's Black Sea corridor is crossing through Turkey's Bosphorus Strait, a Reuters witness said on Friday.The Hong-Kong-flagged Joseph Schulte container ship that left the Russian-blocked Ukrainian Black Sea port of Odesa earlier this week had been in the port since Feb.
Great Lakes Awarded Lower Miss Dredging Contract
Houston-based dredging contractor Great Lakes Dredge & Dock has been awarded a contract from the U.S. Army Corps of Engineers' New Orleans District for Mississippi River dredging in Plaquemines, La.Great Lakes was one of two bidders for the project, winning the contract with a bid of $22.1 million.Work is expected to wrap up by December 17, 2023.
USACE Begins Dredging Near Brownsville, Minn.
The U.S. Army Corps of Engineers, St. Paul District, began dredging the Mississippi River navigation channel near Brownsville, Minn., in Pool 8 this week to ensure the channel remains open for commercial navigation.Dredging is expected to continue in this area through Labor Day.The Above Brownsville Placement Site, known locally as Crater Island, will be closed during this time when needed for dredging operations.The St.
KVH, Intelsat Ink Three-year SatCom Renewal
KVH Industries, Inc. (Nasdaq: KVHI), announced the completion of a three-year renewal of its satellite services contract with Intelsat. The renewal includes increased network capacity…
ClassNK Offers Insights on New EU Fuel Rules
ClassNK recently released FAQs on the FuelEU Maritime (1st Edition), an overview and necessary preparation for FuelEU Maritime, regulations newly introduced by the European Union (EU) to promote the decarbonization of fuels used on board ships.The EU has set a goal of reducing greenhouse gas (GHG) emissions by at least 55% by 2030, compared to the 1990 levels, with the aim of achieving net zero emissions…
SECNAV Visits Bayonne Dry Dock
Earlier this week, Secretary of the Navy (SECNAV) Carlos Del Toro along with U.S. Representatives Rob Menendez and Mikie Sherrill visited to Bayonne Dry Dock & Repair Corp. (BDD).As the U.S. places renewed emphasis on navy shipbuilding and ship repair, the SECNAV has made it a point to visit to naval bases, shipyards, depots, training ranges, tarmacs, and runways worldwide to witnessed firsthand the progress being made toward improving training…
Kazakhstan Could Redirect Oil Exports via Russia's Baltic Ports if Black Sea Situation Worsens
Aug 18 (Reuters) - Kazakhstan could redirect oil exports to Russia's Baltic Sea port of Ust-Luga instead of Novorossiysk, if the situation on the Black Sea deteriorates, the head of Kaztransoil's transport department said on Friday.Kaztransoil's Abay Beisembaev said during an online briefing: "If the situation in the Black Sea worsens, the volumes that we transport in the direction of the port of Sheskharis (in Novorossiysk) will be transferred to the port of Ust-Luga." Novorossiysk…
