New Partnership Targets CO2 Tank Development
Provaris Energy and Yinson Production Offshore have agreed to develop storage tank solutions for the bulk storage and marine transportation of CO2.Yinson Production and Provaris will jointly evaluate the technical and economic viability of adapting Provaris’ proprietary tank design for compressed hydrogen to the bulk-scale storage and transport of compressed and liquid CO2.Provaris says that, currently…
BOEM Approves New Jersey's First Offshore Wind Project
The US Bureau of Ocean Energy Management (BOEM) has approved the Atlantic Shores South project plan to construct and operate two wind energy facilities.The Atlantic Shores South Offshore Wind Projects 1 and 2 have the potential to generate up to 2,800MW of renewable energy—enough to power nearly one million homes.“Securing these critical approvals enables New Jersey’s first offshore wind project to…
Great Lakes Bags $342.3 Million in New Dredging Contracts
Dredging contractor Great Lakes Dredge & Dock Corporation announced it has received several dredging awards totaling $342.3 million.The awarded work includes:Sabine-Neches Waterway Channel Improvement, Contract 6 Project (Capital, Texas, $219.1 million)The Sabine-Neches Waterway Channel Improvement, Contract Project 6 involves the deepening of the channel to accommodate larger vessels, reduce transportation costs, enhance channel efficiency and improve safety for local port stakeholders.
European Automakers to Feel Biggest Impact from US Dockworkers Strike
European automakers are the most likely to be affected by the dockworkers strike at U.S. East Coast and Gulf Coast ports because they rely heavily on those locations, but a longer walkout could prove "debilitating" to the entire sector, industry officials and analysts said.The dockworkers began their first large-scale stoppage in nearly 50 years early on Tuesday, halting the flow of about half the nation's ocean shipping.The International Longshoremen's Association union representing 45…
Van Der Wurff Tapped to Lead Yanmar Marine International
YANMAR Marine International B.V., a subsidiary of Yanmar Holdings, announced it has appointed Wouter-Jan van der Wurff as chief executive officer, effective October 1, 2024.Prior to joining YANMAR Marine International, van der Wurff served as the CEO of Cable Connectivity Group, headquartered in the Netherlands. "I am thrilled to be joining YANMAR Marine International and leading a team dedicated to innovation and shaping the future of the marine industry.
ARC Adds RoRo Vessel ARC Endeavor to US-flag Fleet
American Roll-On Roll-Off Carrier Group (ARC) announced it has added the roll-on roll-off (Ro-Ro) vessel ARC Endeavor to its U.S.-flag fleet.The ship was reflagged to American registry on September 27 as the 10th U.S.-flag Ro-Ro vessel in ARC’s fleet. The reflag was conducted by the U.S. Coast Guard in the Port of Baltimore, Md.“ARC has consistently invested in new tonnage and this latest Ro-Ro is the ninth ship we have brought into the American fleet since 2016.
How a Minor Change in US Trade Law Turbocharged the Fentanyl Crisis
In January 2023, U.S. federal agents raided the home of a Tucson maintenance worker who had a side hustle hauling packages across the border to Mexico.They estimate that over the previous two years, the gray-bearded courier had ferried about 7,000 kilos of fentanyl-making chemicals to an operative of the Sinaloa Cartel. That’s 15,432 pounds, sufficient to produce 5.3 billion pills – enough to kill every living soul in the United States several times over.
US Navy Takes Delivery of Future USS Beloit (LCS 29)
The U.S. Navy announced it has accepted delivery of the second-to-last Freedom-variant Littoral Combat Ship (LCS), the future USS Beloit (LCS 29), from Lockheed Martin at the Fincantieri Marinette Marine shipyard in Marinette, Wis, on September 30.The 15th Freedom-variant Littoral Combat Ship and the 29th in the LCS class, Beloit is the first Navy warship named in honor of the city of Beloit, Wis.“Beloit is another shining example of what it means to finish strong,” said Capt.
ILA 'Scaremongering' with Hyperbolic Box Rate Claims -Xeneta
The International Longshoremen’s Association (ILA) on Tuesday has gone ahead with strike action at U.S. ports from Maine to Texas and accused ocean container carriers of ‘gouging customers’.The ILA confirmed the strike in an announcement yesterday, Monday, while at the same time claiming ocean container carriers are now charging $30,000 per container in a ‘whopping increase from $6,000 just a few weeks…
One of the World's Largest Offshore Wind Developers Could Be for Sale
Australia's Macquarie has engaged advisors for a potential sale of its subsidiary Corio Generation, one of the world's largest offshore-wind developers, two sources with knowledge of the matter said on Tuesday.Corio oversees a 30-gigawatt pipeline of offshore wind projects spanning Europe, Asia-Pacific, and the Americas. It includes 5 GW of projects across the UK such as West of Orkney in Scotland…
Pettengill Tapped to Lead Maine Port Authority
Chelsea Pettengill has been selected to serve as interim Executive Director Maine Port Authority (MPA), taking over for Matthew Burns, who has decided to leave his position at the helm of the MPA to return to the Maine Department of Transportation in a new role.Beginning on September 23, Burns became the Deputy Director of MaineDOT's Office of Freight and Business Logistics. Under the leadership and guidance of Nathan Moulton…
Two Vessels Damaged in Attacks Off Yemen
Two vessels sustained damage after being hit with missiles and a sea drone off Yemen's Red Sea port of Hodeidah early on Tuesday, maritime security agencies and sources monitoring the area said.Both vessels reported that their crews were safe.One of the vessels, the Panama-flagged tanker M/T Cordelia Moon, reported being hit by an Uncrewed Surface Vessel (USV) 64 nautical miles northwest of Hodeidah…
Barge Breaks Free in High Water on the Tennessee River
A barge that broke free on the Tennessee River near Loudon, Tenn. has been recovered and secured, according to the U.S. Coast Guard.The breakaway was caused by high water stemming from Hurricane Helene.The Coast Guard said it is cautioning mariners to monitor river levels and proceed with caution when transiting the Tennessee River as the high water situation persists.Helene slammed into the Florida Panhandle as a major hurricane on September.
Samsung Heavy Industries’ FCSU Design Earns Approval from Bureau Veritas
South Korean shipbuilder Samsung Heavy Industries (SHI) has been awarded an approval in principle (AIP) for its Floating CO2 Storage Unit (FCSU) design from classification society Bureau Veritas (BV).The AIP certificate was presented to Haeki Jang, Chief Technical Officer of SHI, by Matthieu De Tugny, President of Bureau Veritas Marine & Offshore, during a ceremony at Gastech 2024.The floating CO2 storage unit features a free-form pressure tank design…
Tanker Captain Gets Prison Sentence Over Environmental Crimes
The operators of a Panama-registered tanker have been fined $2 million and the ship's captain sentenced to eight months in prison over charges stemming from environmental violations in the United States, the Department of Justice announced. Dubai-based Prive Overseas Marine LLC and Turkey-based Prive Shipping Denizcilik Ticaret, the two corporations that operated the motor tanker P/S Dream, were sentenced…
East Coast Dockworkers Strike Halts Half of US Ocean Shipping
Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation's ocean shipping after negotiations for a new labor contract broke down over wages.The strike blocks everything from food to automobile shipments across dozens of ports from Maine to Texas, in a disruption analysts warned will cost the economy billions of dollars a day…
Liebherr’s Third STS Container Crane Makes Its Way to North American Port
Crane specialist Liebherr has delivered its third ship to shore (STS) container crane to PSA Penn Terminals in Philadelphia.PSA Penn Terminals received its third Liebherr STS crane in September 2024, complementing the two commissioned in 2018.The new STS crane features a 157 ft (48 m) outreach, a 60 ft (18.288 m) span, and a 50 ft (15 m) back reach, with a lift height of 115 ft (35 m) over rail and…
Brent Oil Traders Use Little Known Rule to Reroute US Cargoes
Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute U.S. shipments from Europe, in a practice that raises doubts over whether reforms to the crude price marker have succeeded.Brent, the most significant benchmark across commodity markets, is used to price more than 60% of globally traded crude and underpins oil futures. Its value affects fuel prices paid by consumers and businesses.The 2023 addition of U.S.
MET Group to Build Its First LNG Vessel in Partnership with Celsius
As part of its LNG growth strategy, Swiss-based MET Group has reached a partnership agreement with Celsius to build its first LNG vessel, scheduled for delivery in 2027.The LNG carrier will be constructed by China Merchants Heavy Industry (Jiangsu) and will support the growing LNG activities of MET Group.MET’s JV equity partner Celsius is a leading ship owner and operator focusing on sustainable, infrastructure…
Wärtsilä Lands System Order from Chinese Shipyard for Five New VLECs
Technology group Wärtsilä has secured an order from Jiangnan Shipyard to supply cargo handling and fuel gas supply systems for five new very large ethane carrier (VLEC) vessels.The ships are being built for Chinese owners. The order follows a similar order for cargo handling and fuel gas supply systems placed by the yard in 2023 for four VLECs.The new 99,000 m3 capacity VLECs are mainly designed to transport ethane…
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