Maersk Tankers Acquires Penfield Marine
Maersk Tankers announced it has acquired U.S. pool operator Penfield Marine, creating a large-scale crude and product tanker company with around 240 vessels under its management.Maersk Tankers’ CEO, Tina Revsbech, said, “Penfield Marine has over the years built a solid position and presence in the industry and is a perfect match to Maersk Tankers. Our combined commercial and operational expertise will…
American Maritime Partnership Announces New Leadership Team
The American Maritime Partnership (AMP) announced the election of new leadership for the organization. Jennifer Carpenter takes the helm as president, and, in doing so, becomes the first woman to lead the organization. She is joined by vice president Sara Fuentes and James “Jim” Weakley who will serve the dual role of secretary and treasurer. Elected officers will hold their positions for a two-year…
Seaspan LNG Bunkering Vessel Launched
Seaspan Energy announced the launch of Seaspan Garibaldi, the first of three 7,600m3 liquefied natural gas (LNG) bunkering vessels being built by CIMC Sinopacific Offshore & Engineering (CIMC SOE) in China.The newbuild is named after Mount Garibaldi, or “Nch’ḵay̓” as the Squamish Nation has known it for thousands of years. This series of vessels will be named after iconic West Coast mountains and…
India Providing Escort for Ships Around the Red Sea
India's defense ministry is providing protective escorts to Indian containerships in the high seas around the Red Sea as the security situation there continues to simmer, a government source said on Friday.Containers could face delays of 14 days in their turnaround time due to taking a longer sea route around Africa which is also causing higher transport and insurance costs, the source, who spoke on condition of anonymity…
Fairbanks Morse Defense Acquires Samtan Engineering Corporation
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has acquired single-source metalworking supplier Samtan Engineering Corporation based in Malden, Mass. Samtan’s metalworking services expand FMD’s portfolio with shearing, punching, forming, machining, fabrication and assembly capabilities.“Our acquisition of Samtan Engineering Corporation allows Fairbanks Morse Defense…
Great Lakes, Van Oord Receive Rock Installation Contract Termination
Empire Offshore Wind, a joint venture between Equinor and BP, has terminated the contract awarded to Great Lakes Dredge & Dock Corporation and Van Oord for rock installation at Empire Wind 2 offshore wind project.In 2022, the Great Lakes and Van Oord consortium was contracted by Empire Wind to perform rock installation for the Empire Wind 1 and 2 projects with installation windows in 2025 and 2026, respectively.
Liberty Green Logistics Acquires Renewable Strategy
Liberty Green Logistics LLC, an offshore wind supply chain company, acquired Renewable Strategy Ltd. (RSL), a digital platform offering marine coordination software, asset monitoring, emissions tracking, personnel records tracking, Global Wind Organization (GWO) training, consultancy and analytical solutions to the renewables and maritime industry. The platform’s software has been used through deployment in Europe, Asia and America.
Strategic Marine’s Fast Crew Boats Enter Bruneian Market
Singapore's Strategic Marine has signed a shipbuilding contract with Bruneian Amarco for the delivery of its fast crew boats that will serve Bruneian offshore oil and gas sector.The collaboration marks a key milestone for both companies with the latest 4th Generation Fast Crew Boat (FCB) entering the Bruneian market for long term operations.The comprehensive shipbuilding contract encompasses the enabling of the vessel to be future ready for a gyro stabilizer…
Signs of Recovery for Ship Recyclers in 2024
After what has been an overall miserable 2023 in the ship-recycling industry and even worse six-month tail end, 2024 seems to be off with just a little more hope and a chance at recovery as positive signs seem to permeate through the markets, says cash buyer GMS.Critical factors such as declining currency values (except in India), flatlining / declining local steel plate prices, and the dreadful (and ongoing) lack of funding on fresh acquisitions (in Bangladesh and Pakistan)…
Provaris Engages DNV for H2Neo Carrier Tank Review
Provaris Energy has engaged DNV for the review and approval of its H2Neo carrier's proprietary hydrogen cargo containment system.Prototype tank construction and testing remains on track to commence in Q1 CY2024 with completion expected by the end of Q2 CY2024. Additional parties involved in the work program located in Norway include Prodtex for construction and SINTEF for prototype testing and reporting.Construction will include the use of two laser welding robots…
SK E&S and Woodside Collaborate on Hydrogen and Ammonia
Australia-based Woodside and South Korea’s SK E&S have signed a non-binding Memorandum of Understanding to enable studies on the potential development of a lower-carbon hydrogen value chain, including hydrogen, ammonia and other related products.Under the agreement, Woodside and SK E&S plan to jointly explore opportunities relating to long-term ammonia and hydrogen offtake arrangements; equity participation in ammonia and hydrogen production projects…
Report Identifies Four Key US Industrial Carbon Capture Clusters
EFI Foundation CEO Ernest J. Moniz has published a new report, supported by carbon capture solutions company Carbon Clean, that describes a new coordinated regional approach in the US with great potential for significant carbon emissions reductions.The report, “A New Industrial Backbone: Exploring U.S. Regional CCUS Hubs for Small-to-Midsize Industrial Emitters” lays out a blueprint that calls for…
2023 Coast Guard Engineer of the Year Named
Lt. Lena “Lexie” Royster, a mechanical engineer in the U.S. Coast Guard Marine Safety Center, in Washington, has been selected as the 2023 Coast Guard Engineer of the Year.The Coast Guard Engineer of the Year Award recognizes Coast Guard active duty and civilian engineers for their accomplishments and achievements. The award’s selection panel considers many factors including engineering accomplishments…
MARAD and AAPA Working to Identify US Port Cargo Handling Needs
The U.S. Department of Transportation’s Maritime Administration (MARAD) and the American Association of Port Authorities (AAPA) announced they are surveying port authorities and marine terminal operators to identify national port cargo handling needs over the next five to 10 years.In addition, through interviews with ports and U.S. manufacturers, this effort will assess the interest and capability…
Air Circulation Begins on Genius Star XI
An air circulation operation has begun on the 410-foot general cargo vessel Genius Star XI which is currently at anchor off Dutch Harbor, Alaska.The vessel, carrying lithium-ion batteries, caught fire on Christmas Day. In response, the crew released carbon dioxide into hold No. 1 and sealed it over concerns of an explosion.The purpose of the air circulation is to increase air flow in the cargo holds so that personnel can enter.
War, Weather Put Ocean Shippers on Notice for Rough Seas in 2024
Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop - but it is hardly the only issue that big carriers are facing as 2024 kicks off.Giants like Maersk say the industry, which handles 90% of global trade, faces the possibility of significant disruptions, from ongoing wars to droughts affecting key routes like the Panama Canal. Complex vessel schedules are likely to be knocked out of sync for giant container ships…
Iran Guards Commander Challenges 'Enemy' Naval Presence in Region
The commander of Iran’s Revolutionary Guards vowed on Saturday to reach "the enemy" far and near as tensions soar on key shipping routes where Tehran’s allies have been attacking vessels."Today, we are facing an all-out battle with the enemy," said Guards commander Hossein Salami at a ceremony in the southern Gulf port city of Bandar Abbas, where the Guards' navy unveiled a new ship named "Abu Mahdi" and 100 missile launchers.Salami did not name the enemy…
Merchant Vessel Approached by Six Craft Near Yemen
Six small craft approached a merchant vessel about 50 nautical miles from the Yemeni city of Mocha on Saturday before leaving the area, the United Kingdom Maritime Trade Operations (UKMTO) organization said."The vessel and crew were reported safe," UKMTO added in an advisory note on the incident.Yemen's Iranian-backed Houthi militants have stepped up attacks on commercial vessels in the Red Sea in protest against Israel's war in Gaza.
COSCO Halts Shipping to Israel
Chinese shipping firm COSCO has suspended shipping to Israel, Israeli financial news website Globes reported on Sunday.The report, which did not include details behind the decision, came as shipping lanes in the Red Sea have been disrupted by attacks carried out by Iranian-backed Houthi militants in Yemen.COSCO offices in Israel declined comment. Israeli port officials said they were checking the report.(Reuters - Reporting by Ari Rabinovitch and Steven Scheer; Editing by Tomasz Janowski)
24,188 TEU 'Mega Vessel' Delivered to OOCL
Orient Overseas Container Line Ltd. (OOCL) announced it has taken delivery of another new 24,000 TEU mega vessel.Named OOCL Valencia during a ceremony at China's Nantong COSCO KHI Ship Engineering Co., Ltd., the newbuild is the seventh eco-friendly 24,188 TEU vessel in a series of 12 ordered by OOCL. It will serve OOCL’s Asia-Europe LL1 service.YU Tao, Director and Member of Executive Committee of OOCL…
