Exxon Mobil Finds Buyer for Adriatic LNG Terminal Stake
Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy's main liquefied natural gas (LNG) import terminal, the U.S. oil producer said in a statement.The stake sale drew interest from infrastructure funds and international groups as Italy is expected to increase its LNG imports to partly replace the gas it used to get via pipeline from Russia.In March, Exxon said it…
Russia's Sovcomflot Transfers Ships to New Management Firm to Boost Trade
Russia's leading tanker group Sovcomflot has transferred dozens of ships into a new Dubai based management company aiming to boost trade through this entity amid…
TotalEnergies and Macquarie Unit Bid to Build New Jersey Offshore Wind Farm Amidst U.S. Challenges
A wind energy developer owned by France's TotalEnergies and a unit of Macquarie said on Monday it is bidding to build a wind farm off New Jersey's coast, expressing confidence in the sector after a series of U.S. setbacks.Spinning power from coastal wind turbines is central to President Joe Biden's plan to decarbonise the U.S. economy by 2050, but his installation targets are slipping out of reach due to soaring costs…
Ukraine Expects 12 More Cargo Ships at Its Black Sea Ports
Ukraine's navy said on Wednesday that 12 more cargo vessels were ready to enter a fledgling Black Sea shipping corridor on their way to Ukrainian ports, as Kyiv steps up a push to defy a de facto Russian blockade on its vital sea exports.Russia, which has a much more powerful and bigger naval fleet in the Black Sea, pulled out of a deal in July that had allowed wartime Ukraine to safely ship food products out through what is traditionally its main export corridor.
MOL and EDF Renewables Join Forces to Drive Offshore Wind and Green Hydrogen Development
Japanese shipping firm Mitsui O.S.K. Lines, Ltd. (MOL) and French renewable energy firm EDF Renewables have signed a memorandum of understanding (MoU) to cooperate in the acceleration of the development of offshore wind and related business and to encourage developments in green hydrogen."With this MoU, both partners wish to collaborate and bring together their respective and complementary expertise and experience in offshore wind energy as well as in green hydrogen solutions…
Van Oord Set to Kick Off Cable Installation for Iberdrola's Baltic Eagle Offshore Wind Farm
Dutch offshore installation services company Van Oord is set to start the cable installation works on Iberdrola's Baltic Eagle offshore wind farm in Germany."After Van Oord’s heavy lift installation vessel Svanen completed installation of all fifty monopiles for Iberdrola Deutschland’s Baltic Eagle offshore wind farm, Van Oord now continues installing transition pieces and starts cable installation.
Philippines Says Marshall Islands-flagged Tanker May Have Been Involved in Deadly Sea Collision
An oil tanker registered under the flag of the Marshall Islands was suspected to have been involved in an 'accidental collision' with a Philippine boat in the South…
Solstad Offshore Secures Contract Extensions for Three Vessels
The Norwegian offshore vessel owner Solstad Offshore has secured contract extensions for three of its offshore vessels.Equinor has declared the last contractual yearly option for the AHTS “Normand Ferking”. With the declaration of this option, “Normand Ferking” is now firm until November 2024. The vessel is currently in the port of Slovag, Norway.Subsea 7 has exercised the 2024 Optional Charter Period for the CSV “Normand Subsea”. The contract is now firm until December 31, 2024.
DP World Puts Cars in Containers
Thousands of cars are now entering Turkey after DP World Yarımca introduced a ‘cars in containers’ shipping solution that has helped solve an automotive supply chain crisis in the region.Congestion at Turkish ports has resulted in significant delays in delivering new vehicles against a backdrop of skyrocketing demand in the burgeoning automotive market. Turkey recently experienced an auto sales boom with a record 110…
Belize to Make Biofuel from Problem Seaweed
Belize is developing a pilot project to convert the masses of foul-smelling sargassum seaweed swamping its pristine beaches into biofuel, its prime minister said in a statement published by regional Caribbean bloc CARICOM on Tuesday.Many Caribbean countries depend economically on drawing travelers from around the world to their white sand beaches, but since 2010 heaps of rotting seaweed have been massing on the shores for reasons scientists do not yet fully understand but suspect are related to
Norway Wealth Fund Revises Ship Scrapping Status of Two Companies
Norway sovereign wealth fund said on Tuesday it revoked the exclusion of Thoresen Thai Agencies from its investments, and ended observation of Hyundai Glovis Co.It had previously excluded one and put another company on observation due to their practice of sending decommissioned vessels to be broken up for scrap in Bangladesh and Pakistan where working conditions were "extremely poor," according to the fund.Thoresen Thai Agencies has not sent any more vessels to Bangladesh since 2018, while Hyund
GTT and Ascenz Marorka Win CMA CGM Service Contract
GTT has signed a Technical Services Agreement (TSA) with the CMA CGM Group for maintenance and operation services for 49 biomethane and e-methane ready LNG-powered container vessels all equipped with GTT's Mark III, Mark III Flex and Recycool technologies.The agreement includes GTT on-site technical assistance for inspection, maintenance, repairs, operations and engineering services. GTT Training will offer its extensive training program for onshore personnel and CMA CGM sea going crew.
Major Port Hedland Navigation Project Completed
The Australian Maritime Safety Authority (AMSA) has completed a major A$15.5 million two-year project to repair and rejuvenate essential aids to navigation (AtoNs) off the coast of Port Hedland, Western Australia.AMSA commissioned the works following Severe Tropical Cyclone Veronica in 2019, which caused significant damage to electrical equipment, access ladders, platforms, day markers and fenders.AMSA has replaced the top of 13 AtoNs…
Australia Bans Second Offender for 90 Days
The Australian Maritime Safety Authority (AMSA) has banned the Marshall Island-flagged container ship Big Lilly from Australian waters for 90 days, for serious safety and maintenance issues.Prior to this ban, the ship was detained in Melbourne, after an AMSA Port State control (PSC) inspection identified serious defects with the watertight integrity of the ship’s cargo hatches, main engine and safety equipment.AMSA inspectors identified a long list of defects…
General Dynamics Electric Boat Wins $967 Million Contract
General Dynamics Electric Boat, a business unit of General Dynamics, wasn awarded a $967 million contract modification from the U.S. Navy for Lead Yard Support and…
Holland America Line Completes Shore Power Connectivity Installs
With the completion of shore power installation on Volendam, Holland America Line's entire fleet is now shore power-capable. Volendam completed installation in Vancouver, British Columbia, and connected to the port's shoreside electricity for the first full day on Sept. 27.The cruise line began converting ships to have shore power connectivity in 2006 with its four Vista Class ships; its Pinnacle Class ships (Koningsdam…
ABS AIP for Floating Offshore Nuclear Power Barge
A design for a floating offshore nuclear power barge from HD Korea Shipbuilding & Offshore Engineering (KSOE) and KEPCO Engineering and Construction Company, Inc. (KEPCO E&C) received approval in principle (AIP) from ABS.Project collaborators include ABS, HD KSOE, KEPCO E&C and the Liberian International Ship & Corporate Registry (LISCR).The floating small modular reactor (SMR) barge is intended to serve as offshore power generation for remote communities and island electrification.
Austal USA Cuts Aluminum on Final USN EPF
Members of Austal USA’s EPF team and representatives of the Navy’s Supervisor of Shipbuilding, Gulf Coast were present in Austal’s module manufacturing facility to watch the router begin cutting aluminum for the U.S. Navy’s final Expeditionary Fast Transport, EPF 16. This is the third EPF Flight II ship built by Austal USA in Mobile, and the 16th EPF contracted to Austal USA by the Navy. EPF Flight II provides a Role 2E (enhanced) medical capability which includes…
Silver Ships Names Powers COO
Silver Ships promoted Jason Powers to Chief Operating Officer (COO). Previously, Powers held the role of Director of Business Development and has been a valued and dedicated member of the Silver Ships team for more than 25 years.As COO, Powers will direct daily production operations alongside the executive team and report directly to CEO, Steven Clarke. His responsibilities will include organizational leadership…
Baltic Index Hits Over 11-month peak on Capesize Strength
The Baltic Exchange's main dry bulk sea freight index rose to its highest in over 11-month on Tuesday, steered by robust demand in the capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, extended gains by rising 43 points, or 2.5%, to 1,780 - its highest level since Oct. 24, 2022.The capesize index, scaled an over 9-month peak, adding 163 points…
