ICS Wants “Feebate” Solution for 2050 Targets
The International Chamber of Shipping (ICS), working with the governments of Bahamas and Liberia, is proposing a “feebate” (rewards) mechanism to ensure delivery of the IMO’s target to achieve net zero GHG emissions from international shipping by or around 2050.At the heart of the proposal is a GHG Fee, charged to ships per tonne of CO2 equivalent (CO2e) emitted, combined with a “feebate” mechanism to incentivize the accelerated production and uptake of zero/near-zero GHG marine fuels…
Seatrium and NTU Prioritize Ammonia and Carbon Capture Research
Seatrium Limited and Nanyang Technological University, Singapore (NTU Singapore) have signed an MoU during the renaming ceremony of the former Sembcorp Marine Lab, reaffirming both parties’ commitment to advancing green and sustainable energy solutions.The newly named Seatrium New Energy Laboratory will focus on addressing challenges related to new energies, offshore renewables, marine decarbonisation…
50th Monopile Installed Off Virginia Beach
Dominion Energy has installed the 50th monopile foundation its the 2.6GW Coastal Virginia Offshore Wind project located 33 miles off the coast of Virginia Beach.The project is on schedule to hit the company's target of 70-100 monopiles set into the sea floor during the first of two installation seasons that run through the end of October.The monopile foundations, which are being staged at Portsmouth Marine Terminal, are single vertical, steel cylinders manufactured by EEW SPC.
Six Rescued After Fire Engulfs Fishing Vessel Off US East Coast
Six people were rescued after abandoning their fire-stricken fishing vessel off the U.S. East Coast, Sunday, the U.S. Coast Guard said.At 8:56 p.m., Coast Guard Sector Northern New England command center watchstanders received a mayday call from the 81-foot trawler Three Girls stating that the vessel was ablaze and the captain, NOAA observer and four crew members on board were preparing to abandon ship about 105 nautical miles east of Portsmouth, N.H.
US National Maritime Strategy Needs to Empower Tier 2 Shipyards
A few weeks ago, a U.S. Coast Guard cutter spotted several Chinese military ships within the U.S. exclusive economic zone just 200 nautical miles off the shores of Alaska. This incident underscores how brazen our adversaries are becoming in the face of a diminished U.S. maritime presence. China’s brazen actions are backed by the world’s largest naval fleet that they have accumulated over the past several years while our maritime capacity has declined.
Video: Injured Crewmembers Airlifted from Fire-hit Liftboat in the Gulf of Mexico
Two crewmembers were medecaved on Sunday after being injured in a fire aboard a U.S.-registered liftboat in the Gulf of Mexico, the U.S. Coast Guard said.At approximately 7:53 p.m. Coast Guard District Eight watchstanders received a notification from the Laredo Offshore Services' liftboat Brazos that two men needed medical attention following a fire on board.The Coast Guard coordinated the launch of…
Maritime Professional Training Names Flanagan Academic Principal
Maritime Professional Training (MPT), the largest private maritime training school in the U.S., announced it has appointed John F. Flanagan as the school’s Academic Principal, an expansive role that includes overseeing the overall academic management at MPT, including regulatory compliance, curriculum development, faculty training, and strategic planning. This role also involves serving on the Board of Directors…
US Charges Three for Smuggling Iranian Weapons to Yemen's Houthis
A U.S. federal court has charged three men, including two Iranian brothers and a Pakistani national, for an attempt to smuggle Iranian weapons that would be used by Houthi rebels for attacks on maritime shipping.According to the court documents, Shahab Mir’kazei and Yunus Mir’kazei work for Iran’s Islamic Revolutionary Guard Corps, while Muhammad Pahlawan, is a Pakistani citizen who allegedly worked…
Yilport Planning $1.6 Billion Ports Expansion in El Salvador
Turkish holding company Yilport will invest an expected $1.62 billion to expand two ports in El Salvador and operate them jointly with the local port authority, the government of the Central American country said.Salvadoran President Nayib Bukele, in a post on X on Sunday evening, said the investment is part of his broader economic revitalization plan.Yilport, which also operates ports in Guatemala, Ecuador, Peru and in Europe, is set to invest to triple capacity at Acajutla, El Salvador's bigge
Vale Inks Five-year Deal with Wilson Sons for Vessel Maintenance
Vale has signed a five-year contract with Brazil's Wilson Sons covering scheduled maintenance for seven of its vessels.Under the contract, scheduled maintenance will be carried out on Vale’s five tugboats and two ferryboats operating in Rio de Janeiro, at Wilson Sonss shipyards in Guarujá, Port of Santos.Operating on all five continents, Vale produces iron ore, pellets and nickel, and its vessels in Brazil provide port support…
Propane Cargo Handling Equipment Safety Tips
As the adoption of propane-powered equipment in ports continues to grow, implementing proper safety measures becomes more crucial.Supply chain professionals throughout the country rely on cargo handling equipment (CHE) to keep containers, trailers, and other materials on the move. With rapidly changing conditions in a port, it’s important to keep operators abreast of important safety considerations when working with equipment like forklifts and port tractors.Propane offers a clean…
The Transition to Zero – Spin the Wheel of Fortune
Current shipping discussions at both foreign and domestic venues are overflowing with the single subject of emissions while a growing number of companies make their reach for a net zero target. As the International Maritime Organization (IMO) tightens regulations to advance that reach, efforts to address climate change are coupled with a new understanding of the challenge at hand. Net zero will require a transition away from fossil fuels…
US Navy Christens the Future USNS Point Loma
A ceremony was held on Saturday to mark the christening of the future USNS Point Loma (EPF 15), one of 16 expeditionary fast transports (EPF) the U.S. Navy has contracted Mobile, Ala. shipbuilder Austal USA to build.EPF Flight II provides a Role 2E (enhanced) medical capability which includes, among other capabilities, basic secondary health care built around primary surgery; intensive care unit; ward beds; and limited x-ray, laboratory and dental support.
Bulk Carriers: Baltic Dry Index Down for Third Straight Day
The Baltic Exchange's dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, slipped for a third straight session on Monday, weighed down by weaker rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 15 points, or 0.9%, to 1,655.The capesize index fell 24 points, or about 1%, to 2,413.Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes, such as iron ore
ASRY Appoints Ahmed AlAbri as CEO
The Arab Shipbuilding and Repair Yard Company (ASRY) announced that Dr. Ahmed AlAbri has been appointed the new chief executive officer (CEO) of the shipyard, effective August 2024.AlAbri has more than 25 years of experience in the field, having served a variety of executive roles in the regional maritime industry. He holds a PhD in operational and environmental management of shipyards and ports from…
COTECMAR, Damen Join Forces for Construction of Frigate for Colombian Navy
Damen and COTECMAR have signed the contract for technical support and the supply of components for the construction of the first frigate to be built in Colombia.COTECMAR, short for the Corporación de Ciencia y Tecnología para el Desarrollo de la Industria Naval, Marítima y Fluvial, will be in charge of the construction, based on Damen’s SIGMA 10514 model.The ship, Plataforma Estratégica de Superficie (PES - Strategic Surface Platform)…
TotalEnergies Makes its First Supply of Cooking Oil-Based Marine Fuel in Singapore
TotalEnergies has supplied its first B100 biofuel bunker in Singapore, marking an expansion in its low-carbon fuels offer in an effort to support the decarbonization goals of global shipping.On August 5, TotalEnergies Marine Fuels used an IMO Type II chemical bunker tanker, MAPLE, owned by Global Energy Group, to transfer 700 metric tons (mt) of the 100% Used Cooking Oil Methyl Ester (UCOME-based) biofuel to a pure car and truck carrier (PCTC)…
