ClassNK Contributes to Social Implementation of MASS
ClassNK is taking a leading role in the implementation of safe and efficient maritime autonomous surface ships (MASS) through a program of research, rule-development, technology trials and certification.While the regulatory framework covering MASS remains a work in progress, it is clear that autonomous ship technologies are already having a transformative effect on shipping.By autonomously executing…
Tanker Spills and Preserving OPA 90 Experience
The maritime industry has seen a very long sequence of environmental regulations since the first implementation of MARPOL in the early 1970’s. All of these regulations have very much benefitted the ocean environment and also our industry to some degree. One of those regulations, OPA90, has had an outsized effect to an extent that it may no longer be as effective as it was in recent years due to its…
$754M Ship Repair Contract Awarded
General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE: GD) won a contract by the U.S. Navy for the maintenance, modernization and repair of USS Chung-Hoon (DDG 93) and USS James E. Williams (DDG 95). The contract for an initial $15.6 million includes options that, if exercised, would bring the cumulative value to $753.8 million.Work will be performed in Norfolk, Virginia, and San Diego, California. If all options are exercised, work will continue through November 2030.
Growing Tanker Fleet, Cheaper Freight Challenge Russian Oil Price Cap
Russian crude oil producers are enjoying the cheapest costs to ship to refiners in China and India in almost a year thanks to a growing number of vessels plying the routes…
SBM Offshore Secures Fifth FPSO Contract in Guyana
Dutch firm SBM Offshore said Friday it had won contracts to perform front-end engineering and design (FEED) for a floating production, storage, and offloading vessel (FPSO) for the ExxonMobil-led Whiptail development project in Guyana.Following FEED and subject to government approvals in Guyana of the development plan, and project sanction, including the final investment decision by ExxonMobil, to release the second phase of work, SBM Offshore will construct and install the FPSO.
