ICS Responds to MEPC81 Outcomes
The International Chamber of Shipping (ICS) has issued a statement following the conclusion of the IMO Marine Environment Protection Committee (MEPC81) Meeting last week.“We welcome the progress made during these intensive negotiations to achieve net zero emissions from shipping, and the support received from around 60 Member States for a flat rate contribution system per tonne of GHG. The purpose of the proposed system…
Provaris Energy Begins Fabrication of Prototype Compressed Hydrogen Tank
Provaris Energy's prototype compressed hydrogen tank is now under construction, and final class approval is on track for completion in the June 2024 quarter.The proprietary tank design, which utilizes carbon steel plates and an inner liner, is part of the company’s hydrogen carrying vessel design.Awarded to Prodtex and partnered with SINTEF, the tank production project is designed for hydrogen storage and transportation.
Scarcity of Ship Recycling Tonnage Continues
Despite the occasional smaller LDT candidate popping up for sale over recent weeks, there regrettably remains the ongoing scarcity of tonnage that is simply unable to fill the most basic of demands at the major ship-recycling destinations, reports cash buyer GMS.“As plots across Indian sub-continent markets gradually recycle through their respective shares of vessel deliveries through the first quarter of 2024…
Esgian Week 12 Report: New Finds in Guyana, China and Norway
Esgian reports fresh finds confirmed in Guyana, China and Norway in its Week 12 Rig Analytics Market Roundup.Report Outline:ContractsDolphin Drilling has announced the award of a $154 million drilling contract from India's exploration and production company, Oil India Limited (Oil India), to the 6,000-ft semisub Blackford Dolphin.Malaysian offshore drilling firm Velesto confirmed Friday it had recently secured long-term contract extensions for three of its jackup rigs with Petronas Carigali…
Weathernews Launches "Berth Waiting Forecast" Service
Weathernews Inc. has launched its Berth Waiting Forecast which seamlessly integrates business data from shipping companies with precise weather insights to enable users to accurately predict the status of delayed ships at ports.In maritime operations, adverse weather conditions such as strong winds, high waves, and tropical cyclones frequently disrupt cargo handling operations at ports, leading to operational adjustments and increased fuel consumption.
QatarEnergy Charters 25 Nakilat LNG Carriers
QatarEnergy signed time-charter party (TCP) agreements with Qatar Gas Transport Company (Nakilat) for the operation of 25 conventional-size LNG vessels as part of the second shipowner tender under QatarEnergy’s LNG fleet expansion program.Seventeen of the 25 LNG vessels are being built at the Hyundai Heavy Industries (HHI) shipyards in South Korea, while the remaining eight are being built at Hanwha Ocean…
BOEM Announces Review of Proposed Vineyard Northeast Project
The US Bureau of Ocean Energy Management (BOEM) will initiate an environmental review of Vineyard Northeast’s proposed offshore wind energy project, located 29 miles offshore Nantucket, Massachusetts at its closest point. BOEM estimates the proposed project would generate up to 2,600MW of electricity, enough to power more than 900,000 homes with clean renewable energy. The approximately 132,370-acre…
IMO Progresses MARPOL GHG Chapter
The IMO’s MEPC 81 meeting, concluded on March 22 with progress made on several fronts but the door left open to a number of risks, including that of architecture, timing, scope of emissions, compliance and enforcement, says consultancy UMAS.A new draft for a chapter in the Annex VI of MARPOL has been initiated titled “Regulations on the IMO net-zero framework”.Whilst, this new chapter is just a framework of subheadings for now…
US Revises Tax Credit Rule to Help Offshore Wind Projects
The Biden administration on Friday released new rules that will make it easier for offshore wind developers to claim a subsidy for facilities planned in areas that have historically relied on fossil fuel industries for employment.The revision follows nearly a year of warnings by offshore wind companies that their projects might not move forward without access to certain subsidies in President Joe Biden's landmark climate change law…
German Wind Sector Welcomes Offshore Terminal Funding
The German Offshore Wind Energy Foundation said the government's decision to help fund the expansion of an offshore terminal is important to achieve expansion goals for wind energy at sea.In a statement late Friday, the foundation said it welcomed a government move to contribute to the costs of expanding the terminal at the port of Cuxhaven, on the North Sea coast.The government has agreed to finance the 30-hectare (74 acres) expansion of the offshore terminal…
US Forces Engage Six Houthi UAVs
U.S. forces engaged six Houthi unmanned aerial vehicles (UAV) over the southern Red Sea after the group launched four anti-ship ballistic missiles toward a Chinese-owned oil tanker, the U.S. Central Command said on Saturday.Iranian-backed Houthis launched the missiles in the vicinity of M/V Huang Pu, a Chinese-owned oil tanker, the Central Command said in a post on X.A fifth missile was fired toward the oil tanker…
