Philippine and Indian Coast Guards to Enhance Cooperation
The Philippine Coast Guard (PCG) and Indian Coast Guard (ICG) signed a memorandum of understanding (MoU) to enhance maritime cooperation at the ICG Headquarters in New Delhi, India, on August 22.PCG Commandant, CG Admiral Artemio M Abu, and ICG Director General, DG Rakesh Pal, presided over the signing ceremony. The aim of the MoU is to strengthen the professional bond between the two organizations by sharing best practices, conducting joint exercises, and enhancing training collaborations.
Suez Canal Ship Traffic Unaffected After Tanker Collision
Normal traffic is expected to resume through the Suez Canal within hours, the head of the canal authority said on Wednesday, following the collision of two vessels."Slight contact" was made after LNG carrier BW Lesmes made a sudden stop due to a technical failure that coincided with a strong current that drove oil tanker Burri towards it, authority chairman Osama Rabie said.The canal authority responded by sending tugboats to move both ships…
KR Publishes Report on Material Compatibility for Liquid Hydrogen Storage
Korean Register (KR) has published a report titled: Research Report of Material Compatibility for Liquid Hydrogen Storage on Marine Application.The report provides detailed technical information on materials suitable for onboard liquid hydrogen systems. For safe and efficient storage and transport of hydrogen, it must be handled in its liquid state, says KR. This necessitates a cryogenic environment.
California Opens Applications for Zero-Emission Freight and Marine Equipment
The Bay Area Air Quality Management District in California has announced the opening of applications for zero-emission heavy duty forklifts, port cargo handling equipment, marine vessel repower and shore power for unregulated ocean-going vessels.Up to $20 million in funding is now available statewide through the VW Zero-Emission Freight and Marine (ZEFM) program. Applications are being accepted and reviewed on a first-come…
Australia LNG Strikes Would Need to Last Over a Month to Spike Prices, Analysts Say
Threatened strikes by workers at Australian liquefied natural gas (LNG) providers would need to last more than a month to significantly push up global prices, analysts said this week.The Woodside Energy and Chevron operations supply about 10% of global LNG output and worries of a walkout have lifted prices of European gas benchmark TTF forward curve 5%-7% higher over the September-to-April period than…
Danos Adds Coastal Restoration to Service Portfolio
Gray, La.-based Danos announced it has expanded its portfolio to offer coastal restoration services to customers throughout the Gulf South. In addition to providing the materials and workforce to restore or replace barriers in marine environments, the company is producing and installing artificial reefs tailored to the local habitat. Most recently, Danos partnered with the Coastal Conservation Association…
MJP to Supply Waterjets for Taiwan's Tuo Chiang-class Corvettes
Waterjet propulsion systems manufacturer Marine Jet Power (MJP), along with its authorized representative in Taiwan UDC Marine, announced the continuation of a partnership with Lungteh Shipyard to produce more Tuo Chiang-class Corvette for Coastal Defense.The Tuo Chiang-class corvettes have a length of 60.4 meters, displacement of 685 tons, a range of 1,800 nautical miles, and a maximum speed of 43 knots.
Forest Fire Shuts Turkey's Dardanelles Strait for Maritime Traffic
Maritime traffic from the Aegean Sea to the Sea of Marmara has been suspended due to the ongoing forest fire in the Turkish northwestern province of Canakkale, the transport ministry and a shipping agency said on Tuesday."The traffic at Dardanelles was suspended for both directions on Tuesday at 18:45 (1545 GMT) hours due to the aircraft intervening in the forest fire in the region by safely taking water from the sea…
Maritime Partners Buys AMSC's Jones Act Tanker Fleet
New Orleans-based Maritime Partners has reached a deal to acquire AMSC subsidiary American Tanker Holding Company, which owns a fleet of 10 Jones Act tankers.Maritime Partners' newly formed Project Merchant Acquisition arm signed a share purchase agreement with Oslo-listed AMSC to acquire AHTC for an enterprise value of $746.7 million. AMSC will receive $249.3 million in gross cash proceeds from the sale.The transaction is expected to close on or before October 31…
Revolution Wind: US Approves Fourth Major Offshore Wind Project
The U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM) on Tuesday approved the construction of a 704-megawatt (MW) wind farm off the coast of Rhode Island, the fourth major offshore wind project the agency has greenlit as the Biden administration tries to meet a goal of bringing 30 gigawatts (GW) of offshore wind power online by 2030.The Revolution Wind project about 15 nautical miles southeast of Point Judith, R.I.
Shippers Bet on Green Methanol to Cut Emissions, Supply Lags
Container shippers are ordering vessels powered by methanol to reduce greenhouse gas emissions, but it will take years for renewable methanol output to meet demand and for costs to fall, industry executives said.The first green methanol-fuelled container ship, owned by A.P. Moller-Maersk, sailed from South Korea in July. The number of such vessels is expected to exceed 200 by 2028, up from 30 this year, consultancy DNV forecasts.Container giants such as A.P.
Vestdavit To Supply US Navy With Davits for New Class of Oilers
Davits supplied by Vestdavit will be used for the launch and recovery of fast craft to support refuelling operations at sea for the US naval fleet after the company was awarded a major contract for six vessels being built by General Dynamics NASSCO in the US.The contract covers delivery of 12 high-specification PLRH-5000 davits to be installed on the John Lewis-class of T-AO oilers ordered by the US Navy at the shipbuilder’s San Diego shipyard…
Russia Says It Destroyed Ukrainian Vessel Near Black Sea Gas Facilities
A Russian warplane destroyed a Ukrainian reconnaissance vessel in an area in the Black Sea where Russian gas extraction facilities are located, the Russian Defence Ministry said early on Tuesday.The ministry said in a short statement that the Ukrainian vessel had been destroyed by an SU-30 aircraft from Russia's Black Sea Fleet.There was no immediate comment from Ukraine, which rarely comments publicly…
Unmanned Maritime Systems Development Accelerates
There is little question that world militaries see the value of unmanned systems to complement their manned counterparts. The wars in Iraq and Afghanistan accelerated the development of unmanned aerial systems and unmanned ground systems to meet urgent operational needs. Now, there is increasing interest in unmanned surface systems, resulting in their placement on an accelerated development path.Like their air and ground counterparts…
Asian Buyers May Seek US LNG if Australian Disputes Worsen
Major Asian buyers of LNG could seek US cargoes in the coming weeks if worker-related disputes at key LNG facilities in Australia escalate, analysts said, as electricity demand continues surge due to warm weather.Uncertainty over labour disputes at western Australian facilities run by Woodside Energy Group and U.S. major Chevron have spurred Asian LNG prices to their highest in five months, and analysts…
Shipyard Capacity: A Brake on Decarbonization?
The IMO’s latest crunch meeting in early July may not have aligned global shipping with mid-century targets established in the 2015 Paris Agreement. However, its 2023 Strategy indicates a clear direction of travel. Energy supplies by sea are essential for many countries and therefore ships have a key role in supporting the world’s energy transition – not only on their own account, but at a global level.As world shipping accounts for about 3% of greenhouse gas emissions…
AMSC Sells Tanker Business
American Shipping Company (AMSC) has signed a deal with Project Merchant Acquisition LLC, a newly-formed company owned and controlled by a fund managed by Maritime Partners, for the sale of its subsidiary American Tanker Holding Company.Pål Lothe Magnussen, CEO of AMSC, said: “The management team at AMSC is pleased that a Maritime Partners managed fund, a leading Jones Act leasing company, is acquiring our Jones Act business.
OSM Thome and PGS Collaborate on Ammonia-Fuelled Vessels
Norwegian companies OSM Thome and Pherousa Green Shipping (PGS) have entered into a Letter of Intent outlining their collaboration on six 63,000dwt Ultramax bulk carriers to be ordered by PGS.The collaboration involves Phases I, II, and III, encompassing Drawing Approval, Project Development, and Site Supervision. Furthermore, OSM Thome will manage the crew and technical management of the constructed vessels.PGS…
Maersk Tankers to Manage Astomos VLGCs
Astomos Energy, the biggest LPG distributor and trader in Japan, has chosen Maersk Tankers as voyage manager for, initially, five very large gas carriers (VLGCs).The Maersk Tankers service includes day-to-day vessel operations, fuel optimisation and claims handling. It covers full post-fixture support from the time the vessel is fixed for a voyage, through its successful execution, to the closure of the voyage books.“We are honored to commence the partnership with Maersk Tankers…
