PTTEP’s New Discoveries in Malaysia Support Cluster Development
PTTEP has made three consecutive oil and gas discoveries offshore Malaysia and says it is strategically poised to expedite the development of these discoveries through a cluster development approach.Montri Rawanchaikul, CEO of PTTEP, disclosed that PTTEP’s subsidiary, PTTEP HK Offshore Limited and PTTEP Sarawak Oil Limited have made new oil and gas discoveries in three fields offshore Sarawak, Malaysia…
ORNL, Caterpillar Collaborate on Methanol as Fuel for Marine Engines
A collaboration between Oak Ridge National Laboratory (ORNL) and Caterpillar Inc. will investigate using methanol as an alternative fuel source for marine vessels.Members of the research team kicked off the project with the installation of a 6-cylinder engine at the Department of Energy’s National Transportation Research Center at ORNL.The ORNL and Caterpillar collaboration focuses on a four-stroke…
CAPP Says Canada’s Emissions Cap will be Production Cap
Canada’s Minister of Environment and Climate Change, Steven Guilbeault, and Minister of Energy and Natural Resources, Jonathan Wilkinson, introduced Canada’s draft framework to cap pollution from the oil and gas sector on December 7. The aim is to reduce emissions and remain competitive in a shifting global market. “No sector of the economy should be allowed to emit unlimited pollution, not when we…
Maersk to Deploy First Large Methanol-Enabled Vessel on AE Trade
A.P. Moller - Maersk is about to launch the first of its 18 large methanol-enabled vessels currently on order. On February 9, 2024, it will enter service on the AE7 string connecting Asia and Europe, which includes port calls in Shanghai, Tanjung Pelepas, Colombo and Hamburg, with Ningbo, China, being its first destination.The container vessel built by Hyundai Heavy Industries (HHI) in South Korea has a nominal capacity of 16…
Russia Pledges More Oil Data to Ship Trackers
Russia has pledged to disclose more data about the volume of its fuel refining and exports after OPEC+ asked Moscow for more transparency on classified fuel shipments from the many export points across the vast country, sources at OPEC+ and ship-tracking firms told Reuters.Russia is the only member of OPEC+ which contributes to export cuts rather than production cuts as part of its participation in the group's agreement to curb supplies.
Hornbeck Offshore Discloses Revenue Growth in Its IPO Paperwork
Marine transportation services provider Hornbeck Offshore on Thursday made public its paperwork for a stock market listing in New York, which showed its revenue rose in the three months ended September.The listing will test the appetite for another stock flotation at a time when green shoots in the U.S. IPO market have been overshadowed by the poor post-debut performances of some high-profile firms…
Oldendorff Inks Deal with Teck for Rotor Sail Install
Canadian mining company Teck Resources announced it has signed a deal with German shipping company Oldendorff Carriers to use wind propulsion to further reduce CO2 emissions in Teck’s supply chain. The joint investment will see the vessel Dietrich Oldendorff, which carries shipments of Teck steelmaking coal from the Port of Vancouver, outfitted with a Norsepower Flettner Rotor system by mid-2024.The Flettner Rotors generate lift from the wind…
ABB Supplies Charging System for Auckland’s New Electric Ferries
ABB has secured a contract with Auckland Transport (AT) to deliver the maritime world’s first megawatt charging system (MCS) to recharge electric ferries using the same interface as trucks and airplanes. Lowering the barrier to entry, the standardized and highly adaptable system is expected to improve electric vessel competitiveness against fossil-fueled counterparts.As part of its Mission Electric initiative…
GTT Enters Strategic Cooperation Agreement with CSSC
French engineering firm GTT announced it has signed a strategic cooperation agreement with Chinese shipbuilding group China State Shipbuilding Corporation Limited (CSSC).The agreement provides for cooperation between GTT and 12 subsidiaries of the CSSC conglomerate, notably in ship design and construction, cryogenic containment technologies for liquefied natural gas (LNG) shipping, LNG as fuel and smart shipping solutions.As part of this agreement…
US Gives Final Nod to Rhode Island's $1.5 Billion Offshore Wind Farm
The U.S Federal Permitting Improvement Steering Council on Thursday approved the construction of a $1.5 billion offshore wind farm off the coast of Rhode Island.The project, Revolution Wind, is run by Danish company Orsted and U.S.-based Eversource, and would bring a total of 704 megawatts (MW) clean energy to Connecticut and Rhode Island.Another offshore project by the two wind energy developers, the South Fork wind farm off the coast of New York…
Curtin Maritime Names Vicky Ellis SVP of People Management
Maritime services provider Curtin Maritime announced it has appointed Vicky Ellis as its new Senior Vice President of People Management. Ellis will play a pivotal part in Curtin Maritime’s ongoing efforts to attract, retain and train top talent within the industry.Ellis brings a wealth of experience to Curtin Maritime, having previously served as the Director of Learning and Development at Crowley…
The Next WSF Vessels Could Be Built Outside of Washington State
The next newbuilds for Washington State Ferries (WSF) could be built by a shipyard outside of Washington as the state seeks to accelerate its ferry electrification program.The Washington State Department of Transportation's (WSDOT) WSF earlier this week issued a request for information to the shipbuilding industry across the country as part of its effort to contract for five new hybrid-electric Olympic-class ferries.
US Research Advances on Alternative to Bomb-grade Uranium in Navy Vessels
U.S. research is advancing on the potential to change fuel for nuclear reactors on Navy submarines and aircraft carriers from bomb-grade uranium to a safer option, documents showed Wednesday, even as the program's funding is at risk in Congress.In order to lower proliferation risks of keeping stockpiles of highly-enriched uranium, the U.S. government has been exploring since 2018 how to use low-enriched fuel that cannot be used as fissile material in weapons.The U.S.
Jan De Nul Inks Two Contracts with TenneT
Jan De Nul Group together with its consortium partners LS Cable & System and Denys has signed the contracts for two 525 HVDC cable systems for the two grid connection systems BalWin4 and LanWin1. These mark the first two contracts signed under the long-term framework agreement that TenneT and Jan De Nul have signed earlier this year. The projects comprise the design, manufacturing, transport, installation…
Saudi Arabia Urges US Restraint as Houthis Attack Ships in Red Sea
Saudi Arabia has asked the United States to show restraint in responding to attacks by Yemen's Houthis against ships in the Red Sea, two sources familiar with Saudi thinking said, as Riyadh seeks to contain spillover from the Hamas-Israel war.The Iran-aligned Houthis have waded into the conflict that has spread around the Middle East since war erupted on Oct. 7, attacking vessels in vital shipping…
COSCO Signs Up for Methanol Retrofits
COSCO Heavy Industry Shanghai Co. Ltd. has signed a contract with MAN Energy Solutions for the methanol retrofit of four main engines from COSCO Line’s Camellia and Virgo -class vessels – 13,800 and 20,000 teu respectively. Currently equipped with single-fuel MAN B&W 11S90ME-C10.5 engines, the vessels will be retrofitted to dual-fuel MAN B&W 11S90ME-LGIM10.5 units capable of operating on fuel-oil or methanol…
Japan's Kansai Joins Floating Offshore Wind Project in Norway
Galileo and Odfjell Oceanwind are collaborating with Vår Energi on a floating offshore wind project at the Goliat platform outside Hammerfest in Norway. The partnership has been strengthened with The Kansai Electric Power Company Inc., a Japanese utility company, joining the team.The offshore wind park will be connected to the Goliat platform using the existing power cable to shore. The purpose of the project is to demonstrate floating offshore wind technology in Norway…
Structural Safeguards in Coast Guard Suspension and Revocation Proceedings
This article examines 10 structural safeguards in Coast Guard Suspension and Revocation (S&R) Proceedings that ensure Coast Guard Administrative Law Judge (ALJ) decisional independence. These safeguards separate potential agency influences from the ALJ decision making process and are critical to mariner due process and fundamental fairness. We will start with an overview of Coast Guard S&R proceedings…
DEME, FARIA to Explore Offshore Wind Farms in Greece
DEME and Greek renewable energy developer and independent power producer FARIA Renewables have signed a cooperation agreement to explore opportunities and co-develop offshore wind farms in Greece. Offshore wind technology is viewed as crucial for achieving global goals towards zero emissions. In support of these goals, the Greek government recently announced the draft ‘National Offshore Wind Farms…
Market Watch: Container Freight Rates Fall, Costs Soar
"So far this year, container volumes have fallen nearly 2% year-on-year while average freight rates have declined, reaching 2019 levels in September. Since then, they have continued to fall. However, the cost to charter a ship remains 25% higher than in 2019,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates.
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