UECC's EU ETS Solution Brings Clarity to Emission Costs
Cargo owners seeking to determine their Scope 3 emission liabilities from the logistics chain must contend with multiple calculation methods from different shipping lines that will affect their costs exposure to the EU ETS for shipping. To resolve this conundrum for its clients, pure car and truck carrier (PCTC) owner and operator UECC has adopted a standardised methodology based on an existing and trusted industry framework.The EU Emissions Trading System (EU ETS)…
PIRIOU Delivers Second OPV to Senegalese Armed Forces
French shipyard PIRIOU has delivered a second offshore patrol vessel to the Senegalese Navy.The vessel is part of the OPV 58 S class vessel program. The contract, signed in November 2019, covered the acquisition of three offshore patrol vessels. After the Walo, delivered last June, and while the Cayor is being fitted out in Concarneau, the Niani is now flying the Senegalese flag ahead of schedule.Minister…
Seaqualize Executes Offshore Transfer Lifts on Vineyard Wind 1
Dutch heave compensation specialist Seaqualize executed the world’s first offshore transfer lifts of wind turbine components from a heaving supply vessel.The company’s newly developed offshore lifting device, the Heave Chief 1100, is being deployed by DEME Offshore US to instal the first turbines at Vineyard Wind together with the feeder barge solution developed by DEME Offshore US, with partners Barge Master…
MOL to Install AI System in Cargo Holds of Newbuildings
Mitsui O.S.K. Lines (MOL) will install cameras and an AI system developed by Captain's Eye in the cargo holds of most of its LNG-fueled car carriers to provide early fire detection capabilities.The devices will be installed on 10 vessels currently on order and scheduled for delivery in 2024 or later, and the company will consider retrofitting current in-service vessels with the system.The Captain's…
Court Battle Between Santos and Traditional Owners Continues
Santos has issued a statement after the decision of the Federal Court of Australia on November 15 ruling that pipelay activities can commence on an 86-kilometer section of pipeline for the Barossa Gas Export Pipeline (GEP) – but not south of kilometre point 86 (KP86).This southern section would pass to the west of the Tiwi Islands.The Court has set December 4, 2023 as the date of commencement of the…
OOCL Reports Scam Risk
Orient Overseas Container Line (OOCL) has reported that there is a suspicious investment software in the market that is using the OOCL logo without authorization.The software claims to offer high returns on investments. However, OOCL has no connection or affiliation with the software or its developers.In a statement warning its clients, OOCL says: “We do not endorse or recommend it in any way.“OOCL…
EU Targets Upstream Methane Emissions from Imports
The European Council and Parliament have reached a provisional political agreement on a regulation for tracking and reducing methane emissions in the energy sector.The regulation introduces new requirements for the oil, gas and coal sectors to measure, report and verify methane emissions, as well as put in place mitigation measures to avoid such emissions, including detecting and repairing methane leaks and limiting venting and flaring.
ZEI Raises $8.75 Million in Series A Funding
San Francisco-based hydrogen technology company Zero Emission Industries (ZEI) announced it has raised $8.75 million through the completion of a Series A financing round led by Chevron New Energies, with participation from commodity trading company Trafigura and shipping and logistics company Crowley.ZEI, formerly known as Golden Gate Zero Emission, is best known as the technology team behind the Sea Change ferry…
Russian Oil Tankers Not Targeted in EU Sanctions Proposal -EU Diplomats
Russian oil tankers are not targeted in the European Commission's proposal for tightening the implementation of a price cap on the country's crude oil, EU diplomats said on Wednesday.The Financial Times reported earlier on Wednesday that Denmark will be tasked with inspecting and potentially blocking Russian oil tankers sailing through its waters under new European Union plans as a way of enforcing…
US Appeals Court Scraps Sempra's Port Arthur LNG Emissions Permit
A U.S. court has removed an emissions permit for Sempra's Port Arthur LNG export terminal in Texas, potentially halting construction of the facility.In its decision, the U.S. Court of Appeals for the Fifth Circuit on Tuesday found that the Texas Commission on Environmental Quality (TCEQ) failed to impose the same emissions limits on the Port Arthur plant as on other projects, including the Rio Grande…
Authorities Reviewing Evidence from Titan Submersible Tragedy
Authorities from the U.S., Canada and France are combing through evidence recovered from the Titan submersible that suffered a catastrophic implosion en route to the wreckage of the Titanic in June.Investigators from the U.S. Coast Guard, National Transportation Safety Board (NTSB), Transportation Safety Board of Canada (TSB) and the French Marine Casualty Investigation Authority (BEAmer) conducted an onsite evidence review in Newport…
US Navy Ship Shoots Down Drone from Yemen
A U.S. Navy warship shot down a drone in the Red Sea that emanated from Yemen, two U.S. officials told Reuters on Wednesday, in what appeared to be only the second time the United States has brought down projectiles near its warships since the Israel-Hamas conflict began.Washington is on heightened alert for activity by Iran-backed groups as regional tensions soar during the conflict and has been trying to ensure that it does not spread in the region.The officials…
Damen Delivers Cutter Suction Dredgers to Mexico
Three new cutter suction dredgers (CSD) built in the Netherlands by Damen Dredging Equipment (DDE) were commissioned in the harbor of Veracruz, Mexico, for SEMAR.The three CSD250s are not the first Damen dredgers to be operated by SEMAR. Over the past few years, Damen has delivered a number of CSD500s, a CSD450 and a CSD650. All of these dredgers operate on an array of projects along both coastlines of Mexico.“It has been a pleasure to renew our cooperation with SEMAR…
BeHydro Hydrogen Dual-fuel Engine Earns LR Type Approval
Lloyd’s Register (LR) has awarded type approval to BeHydro, a joint venture between CMB.TECH and Anglo Belgian Corporation (ABC), for its hydrogen-powered dual-fuel engine. It is the first type approval for a dual-fuel hydrogen engine.The new engine, which has a capacity of up to 2.7 megawatts (MW), offers shipowners the potential to reduce CO2 emissions by up to 85%, with dual-fuel technology allowing…
Marsh, Lloyd's, Ukraine Launch War Risk Ship Insurance to Cut Grain Costs
Insurance broker Marsh MMC.N, Lloyd's of London insurers and Ukrainian state banks have launched a programme to cut the cost of claims for damage to ships and crew transporting grain through the Black Sea corridor, Marsh said on Wednesday.Kyiv launched a "humanitarian corridor" in August for ships bound for Africa and Asia to circumvent a de facto blockade in the Black Sea after Russia quit a United…
MacGregor to Supply RoRo Equipment for Two PCTC Vessels to be Built in South Korea
MacGregor, part of Cargotec, said Wednesday it had received a significant order to supply comprehensive packages of RoRo equipment for two PCTC vessels to be built by Hyundai Mipo Dockyard Co. Ltd in South Korea.The vessels are scheduled to be delivered to the owner between the second quarter of 2026 and the third quarter of 2026. MacGregor’s scope of supply encompasses the design, supply, and installation support of complete hardware for both vessels…
Denmark Could Block Tankers with Russian Oil from Reaching Markets - FT
Denmark will be tasked with inspecting and potentially blocking tankers carrying Russian oil through its waters under new European Union plans, the Financial Times reported on Wednesday, citing three unidentified sources.Russia sends about a third of its seaborne oil exports, or 1.5% of global supply, through the Danish straits so any attempt to halt those supplies would send oil prices higher and trigger a confrontation with Russia.
Rem Offshore Nets Multiple Offshore Vessel Deals Worth $138M in Total
Norway-based offshore vessel owner Rem Offshore said Wednesday it had secured multiple long-term contracts for its vessels. "The contracts have been signed on market terms and will ensure high fleet utilization in the coming years," Rem Offshore said.The 2013-built Rem Inspector subsea vessel has been awarded contracts for work on offshore wind projects in Taiwan. The contracts have a total duration of just over one year with start-up in the fourth quarter of 2023…
Cadeler Secures Loan to Fund Offshore Wind Vessel Construction & Upgrades
Danish offshore wind installation services company Cadeler said Monday it had entered into an unsecured green loan facility with HSBC. The purpose of the loan facility is, among others, to fund Cadeler’s construction of the X-class and F-class newbuild vessels and the upgrade of the existing O-class vessels with new cranes. The financing includes a non-committed accordion option of up to EUR 50 million.Cadeler…
Digitalization: Maritime Charts its Course
Maritime players plotting pathways to data collaboration with digital projects in line with new BV-backed research study.Digital technologies are increasingly being leveraged by shipping players to facilitate data collaboration among different actors in areas like ship design, vessel performance and port calls as a new Thetius research study backed by Bureau Veritas (BV) shows this will be vital to drive decarbonization…
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