Aker BP, Höegh LNG in Carbon Transport and Storage Services Pact
Floating LNG solutions provider Höegh LNG and the Norwegian oil and gas firm Aker BP have entered a strategic partnership to develop a "fully comprehensive carbon transport and storage offering for industrial CO2 emitters in Northern Europe.""The agreement combines the companies’ respective strengths, expertise, and technologies to establish a strong value chain for CCS on the Norwegian Continental Shelf that includes gathering…
DNV Gives Thumbs Up to Moss Maritime's LH2 Ship Transport Solution
Moss Maritime, Norwegian company specializing in design and engineering services to the offshore energy industry as well as other ocean-based sectors and a subsidiary of Italy's Saipem, has secured an Approval in Principle (AIP) from the classification society DNV for a containment system for ship transport of liquefied hydrogen (LH2).Ship transport of liquefied hydrogen is seen as one of the key technical challenges in realizing the energy transition to a carbon-free future…
How Serious a Problem is the Cost Issue in U.S. Offshore Wind?
Much has been written recently about the challenges facing U.S. offshore wind projects, resulting in requests to terminate or renegotiate contracts to sell power to states. Examples of these challenges can be found from Massachusetts to Virginia. Coming on top of last week’s somewhat disappointing events of the Gulf of Mexico lease auction, speculation has mounted around the longer-term prospects for U.S. wind.
US LNG Exports Slip in August
U.S. exports of liquefied natural gas (LNG) fell in August as some processing plants reduced output and a heat wave increased gas demand for power, leaving less gas available for LNG production, according to vessel monitoring data and analysts.Above-normal temperatures and drought hit the U.S. Southwest last month, triggering record electricity demand and forcing providers to ask users to voluntarily reduce consumption.
Panama Canal Water Levels Likely to Remain Exceptionally Low for Months
Water levels in the Panama Canal are likely to remain exceptionally low for months despite forecasted short-term improvements, meaning no end in sight to the prolonged disruptions hampering vessels transiting the vital shipping artery.The Panama Canal Authority earlier this year began imposing restrictions on daily vessel transit and maximum draft amid a prolonged drought that has lowered the water level, causing a backlog of vessels waiting to pass.
Baltic Sea Drills to Focus for First Time on Repelling Russian Attack
Major naval drills about to start in the Baltic Sea involving some 30 ships and more than 3,000 Western service members will for the first time practice how to respond to a Russian assault in the region, Germany's navy chief said on Friday."We are sending a clear message of vigilance to Russia: Not on our watch," Vice-Admiral Jan Christian Kaack told reporters in Berlin. "Credible deterrence must include the ability to attack."The two-week Northern Coasts exercise…
Change in MENAS Navigational Light Dues
Middle East Navigation Service (MENAS), provider of aids to navigation (AtoN) in the Middle East Gulf region, said its is increasing rates and widening the group of ships that will be asked to pay for the service.The group has been providing AtoN in the Middle East Gulf – one of the busiest trade lanes in the world – since 1951, supplying seafarers with information regarding the location, route and…
Intermarine and Jumbo-SAL-Alliance Set Up Hub in Chile
Multipurpose carrier Intermarine and sister company Jumbo-SAL-Alliance (JSA) expand their presence in South America, opening a new office in Santiago.Intermarine and Jumbo-SAL-Alliance are joining Intermarine’s long-time agent, Marval, to form the new subsidiary JSA-Intermarine Chile. The first office to carry the name of both companies will be led by Nelson Matus, a veteran in the South American breakbulk and multipurpose sector with over 25 years of experience.
HAV Group Acquires DP Specialist Undheim Systems
Norway's HAV Group has completed the acquisition of Undheim Systems AS, a provider of dynamic positioning (DP) systems for vessels. The consideration for the purchase includes a non-material cash amount and 250,000 shares in HAV Group ASA, valued at NOK 14.0 per share."The technology acquisition is a strategic move that accelerates HAV Group's plans to offer digital functionality that meets the global maritime market's needs for autonomous ship operations…
ClassNK Opens Survey Office in Brazil
Japanese classification society ClassNK has opened a new exclusive survey office in Paranagua, Brazil with operations beginning September 1, 2023.The move comes amid increasing number of surveys and audits in the southern Brazil port and the neighboring region as the country continues recent expansion of its port facilities, ClassNK said.ClassNK said it aims to provide more streamlined service in Paranagua, one of Brazil's premier port cities.
CMA CGM Completes New York Terminals Acquisition
CMA CGM announced it has finalized its acquisition of two container terminals in the Port of New York and New Jersey as the France-based shipping and logistics group grows its supply chain presence in the United States.The company announced in December 2022 that it struck a deal to acquire the Bayonne and New York terminals from Canada's Global Container Terminals (GCT). Terms of the transaction were not disclosed…
Ukraine Lawmaker Says Two Ships Spotted Leaving Port in Odesa
Two ships have been spotted leaving port in the southern Ukrainian city of Odesa, local lawmaker Oleksiy Honcharenko said on Friday.LSEG interactive map data showed two vessels, both more than 10 km (6 miles) from the shore on Friday, underway using their engines and heading south-east. If they successfully leave Odesa's ports through the Black Sea, they would be the third and fourth vessels to do so since Moscow withdrew from the Black Sea Grain deal in July.
