Singapore's Temasek Shortlists Saudi Aramco, Shell in Sale of Pavilion Energy Assets
Singapore's Temasek Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of companies to purchase most of the assets of liquefied natural gas (LNG) trading firm Pavilion Energy, sources with knowledge of the matter said.The sale process comes a decade after the state investment firm set up Pavilion Energy to focus on LNG-related investments, and takes place as spot Asian LNG prices LNG-AS have fallen more than 40% since mid-August…
Ukrainian Sea Drones Damage Russian Black Sea Fleet Patrol Ship Near Crimea
Ukrainian sea drones damaged a Russian Black Sea Fleet patrol ship off occupied Crimea, Ukrainian military intelligence said on Tuesday.The intelligence agency said on Telegram messaging app that its special unit Group 13 attacked the Russian Black Sea Fleet patrol ship Sergey Kotov near the Kerch Strait."As a result of a strike by Magura V5 maritime drones, the Russian ship Project 22160 Sergey Kotov sustained damage to the stern, starboard and port sides," it said.
Victoria International Container Terminal Phase 3A Expansion Completed
Victoria International Container Terminal (VICT), ICTSI’s operations at the Port of Melbourne in Australia, recently completed Phase 3A of its expansion project.VICT can now accommodate neo-Panamax container ships, the largest container vessels calling Australia. The ships can now sail directly into Port Phillip and dock at VICT – the only terminal in Melbourne capable of receiving them. It is also…
Chief of Naval Operations Tours Austal USA
Austal USA welcomed Chief of Naval Operations Admiral Lisa Franchetti and Assistant Commandant of the Marine Corps General Christopher Mahoney to the company’s Mobile, Ala. shipyard on March 4. They were joined by Senator Roger Wicker, Congressman Jerry Carl, and Rear Admiral Tom Anderson, Program Executive Officer Ships.The visitors witnessed Austal USA’s focus on innovation, adherence to proven processes…
First of Six New Sun Ferry Vessels Operational
The new passenger fast ferry, Xin Ming Xhu VIII, is now servicing commuters on Hong Kong’s waterways after digital shipbuilder Incat Crowther delivered the first of six new passenger fast ferries to mass transit operator Sun Ferry.Xin Ming Xhu VIII, built by Guangzhou-based shipbuilder AFAI Southern Shipyard, is now in operation on the busy Central Ferry Pier to Mui Wo and Cheung Chau commuter routes in Hong Kong.Capable of transporting up to 500 passengers…
American Offshore Services Takes Delivery of Its First CTV
American Offshore Services (A-O-S) has taken delivery of its first crew transfer vessel (CTV), Gripper, purpose built to support the U.S. offshore wind industry. The vessel is scheduled to be christened during an official ceremony later this month.The Jones Act compliant aluminum catamaran was built by Blount Boats in Warren, R.I., based on Northern Offshore Services' (N-O-S) 30-meter G-class design.
Fire Caused by Blasts Breaks Out on Ship Southeast of Aden
A fire caused by nearby explosions broke out onboard a vessel southeast of the Yemeni port city of Aden on Monday, before being contained, the U.K. Maritime Trade Operations (UKMTO) agency and British security firm Ambrey reported."The Master reports the fire onboard has been extinguished and that the crew are all safe. Coalition Forces are responding," UKMTO said in a recent update on the incident.It…
Egypt Studying Further Expansion of Suez Canal
Egypt is studying further expansions of the Suez Canal to extend and complete a second channel of the waterway, the canal's head said on Monday, a move that could allow for higher volumes of shipping and prevent blockages from halting traffic.The comments come as the canal is seeing a sharp fall in revenue due to shipping companies diverting away from the waterway, the shortest route between Europe and Asia, because of attacks by Houthi militants in Yemen against ships in the Red Sea.Any new ext
Risk Reigns in Ocean Shipping, Industry and Economic Experts Say
Risk is the "new normal" for the global ocean shipping industry that handles 80% of global trade as pressure from geopolitical tensions, rising protectionism and climate change mounts."There are going to be global tensions ... and I think global dangers, at a level we haven't seen since the end of World War II," former U.S. Defense Secretary Robert Gates said at the opening of S&P Global's TPM24 container shipping conference in Long Beach…
Ships Entering Yemeni Waters Must Obtain Permit, Houthi Minister Says
Ships will have to obtain a permit from Yemen's Houthi-controlled Maritime Affairs Authority before entering Yemeni waters, Houthi Telecommunications Minister Misfer Al-Numair said on Monday.Houthi militants have repeatedly launched drones and missiles against international commercial shipping in the Gulf of Aden since mid-November, saying they are acting in solidarity with Palestinians against Israel's…
BRIX Marine Launches Survey Boat Lugudi Barana
Port Angeles, Wash. boatbuilder BRIX Marine announced the launch of its latest survey boat, the 3011-CTC, named Lugudi Barana.The hull features 5086 alloy aluminum hull skins, 5052 alloy aluminum interior transverse frames, and longitudinal T-bars, ensuring reliability even in challenging conditions, the builder said. The vessel's self-bailing aluminum decks, watertight bulkheads and anodes for cathodic…
Fjord1 Orders Autonomous Zero-emission Ferries
Norwegian ferry operator Fjord1 has ordered a series of four autonomous zero-emission ferries to operate the Lavik-Oppedal crossing on the northwest coast of Norway.The newbuilds were designed by Norway-based HAV Design and will be built by Tersan Shipyard in Turkey.According to HAV Design, which will deliver ship design and an engineering package for all four vessels, said the design is based on a future-oriented operating concept developed alongside Fjord1.
Port of Long Beach Opens New Fireboat Stations
Officials dedicated two new Port of Long Beach fireboat stations that are enhancing the Long Beach Fire Department’s waterside and landside emergency response capabilities, better safeguarding visiting ships, cargo and waterfront workers.The facilities – Fireboat Station 15 and Fireboat Station 20 – are the products of a $109 million Port of Long Beach program to preserve business continuity, security and economic interests.
Italian Naval Ship Shoots Down Drone in Red Sea
An Italian navy ship shot down a drone flying towards it in the Red Sea on Saturday, the defence ministry said.A ministry statement described the action as self-defence by the Duilio, which is helping protect trade routes from drone and missile attacks by Yemen's Houthi militia."The drone, with similar characteristics to those already used in previous attacks, was about 6 km (3.73 miles) from the Italian ship…
ABB Azipod DI Propulsion System Gets ABS Approval
The American Bureau of Shipping (ABS) has granted approval in principle (AIP) to ABB for its Azipod DI with a capacity of up to 4.5 MW and ice class PC3.ABB called the approval "a significant milestone", as the Azipod DI propulsion system is now ready to power future icebreakers in the North American market as demand for icebreakers on the rise."Our long-standing and fruitful cooperation between ABB…
HII Completes Acceptance Trials on Richard M. McCool Jr. (LPD 29)
HII’s Ingalls Shipbuilding division on Monday announced it has completed acceptance trials in the Gulf of Mexico for amphibious transport dock Richard M. McCool Jr. (LPD 29), the final Flight I transition ship before Ingalls moves into serial production of the LPD Flight II line.The Ingalls’ Test and Trials team spent several days with the U.S. Navy’s Board of Inspection and Survey running the ship at full power and through steering maneuvers.
War Insurers Shrug off Rubymar Sinking in Red Sea, Rates Stable
The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar cargo ship as underwriters had already factored in the casualty after it was first hit by a missile last month, industry sources said.The cost of insuring a seven-day voyage through the Red Sea has risen by hundreds of thousands of dollars since Yemen's Iran-aligned Houthis began attacking…
Iridium Acquires Satelles
Iridium Communications has entered into an agreement to acquire Satelles, Inc., a leader in secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems. The service, named Satellite Time and Location (STL), is designed as an easy-to-adopt, secure solution that increases the efficiency and reliability of timing systems for digital infrastructure like 5G base stations…
Odfjell Completes Terminal Expansion in Houston
Odfjell Terminals US (OTUS) reports it has completed the construction and commissioning of its Bay 13 at the Houston Terminal (OTH), adding nine new tanks, with a combined capacity of 204,000 barrels. The new tanks are a combination of stainless steel and carbon steel, and each tank has been engineered with positive pressure systems and full automation, Odfjell said. The newly commissioned bay is specifically designed for the storage needs of specialty chemical products…
Houthi Attacks Having Limited Impact on Israeli Trade, Prices - Ministry
Attacks by Yemen's Iran-backed Houthis on cargo ships in the Red Seas are having limited effect on trade to Israel and have not led to any significant inflationary pressures, Israel's Finance Ministry said in a report on Monday.Houthi militants have repeatedly launched drones and missiles against international commercial shipping in the Gulf of Aden since mid-November, saying they are acting in solidarity…
