Coast Guard R&D Center Receives Auxiliary Integration Award
The Coast Guard Research and Development Center (RDC), under the command of Capt. Michael Chien, has won the Commodore Viggo C. Bertelsen Jr. and Vice Admiral John P. Currier Auxiliary Integration Award in the category of Applied Innovation. The award was presented by Commander Steven Koch, who leads the Auxiliary (AUX) in New England, at a command all hands. The Auxiliary is the 25,000-member volunteer…
Port of Antwerp Disrupted by Belgian Farmers' Protests
Operations at the port of Antwerp, one of Europe's biggest container ports, were seriously impacted on Tuesday as hundreds of farmers on tractors blocked the roads around the port to demand better pay and working conditions, officials said.The protest follows a large number of similar actions by angry farmers in France, Belgium, the Netherlands and beyond, as farmers also demand looser environmental rules and better protection against cheap imports."Operations are heavily disrupted…
Dry Bulk Vessel Rates on the Rise
The Baltic Exchange's dry bulk sea freight index rose for a third straight session on Tuesday to hit a one-month peak, as rates climbed across larger vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 13 points, or 0.8%, at 1,585 points, its highest since Jan. 10.The capesize index also scaled a one-month high. It added 23 points, or 0.9%…
Stena Bulk Inks Deal for Four Additional Newbuild Tankers
Swedish shipping company Stena Bulk has expanded its fleet with new long-term charter agreements for four newbuild eco Medium Range (MR) tankers.Two of the vessels, Stena Continent and Stena Conquest, will be delivered from Hyundai Mipo by the end of 2025.Two further eco MR tankers, Stena Contender and Stena Concept, will follow in 2026. All vessels are set to use the South Korean yard’s latest 8th generation MR tanker design…
DOF Group Secures Over $20M for Asia Pacific Projects
Norwegian offshore vessel owner DOF Group has secured a new contract and a contract extension for two of its vessels that will be employed in the Asia Pacific region.The latest contract secured for the region is related to Skandi Hercules vessel that will see it fully utilized off the Australian coast into the third quarter of 2024.The contracted scope includes project management and engineering, logistics support and execution of various inspection…
Four Japanese Companies Form Consortium for Eco-Friendly VLCCs Concepts
Idemitsu Tanker, IINO Kaiun Kaisha (IINO Lines), Nippon Yusen Kabushiki Kaisha (NYK), and Nihon Shipyard have established a consortium to conduct joint research and development of design concepts for Malacca Max-type very large crude oil carriers (VLCCs).The design concepts, including machinery and environment equipment, will be developed with a view of reducing greenhouse gas (GHG) emissions, the…
BIMCO Starts Work on Wind Turbine Transport Contract
BIMCO has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines. The project has been launched to support the offshore wind industry as the global demand for more renewable sources of energy increases.Work on the contract, WINDSEACON, was initiated through a series of consultations with about 65 key market players. Following consultation…
Spanish Police Seize Eight Tonnes of Cocaine
Spanish police seized eight tonnes of cocaine from Suriname hidden in a container disguised as a power generator in the southern port of Algeciras, tax authorities said on Monday.The haul of cocaine, one of the largest ever intercepted in Spain, was inside a metal structure designed to escape detection from scanners.But customs agents detected a large quantity of stacked goods that practically filled the container…
Unloading of Stranded Australian Livestock Begins
Thousands of sheep and cattle stuck on a ship that was forced to abandon a passage through the Red Sea last month have begun disembarking at the same Australian port they left nearly six weeks ago, Australia's agriculture ministry said late on Monday.The MV Bahijah sailed from Fremantle, Western Australia on Jan. 5 for Israel with about 14,000 sheep and 2,000 cattle on board, but diverted from its…
Oil Industry, Green Groups Challenge Biden Offshore Drilling Plan
Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden administration's five-year plan to offer drilling leases in the Gulf of Mexico.The petitions to a U.S. appeals court come four months after the Interior Department unveiled a congressionally-mandated plan for offshore leasing that included just three sales, the lowest since the government began publishing the schedules in 1980.The American Petroleum Institute…
Barnard Joins Gibdock as Commercial Director
Gibraltar ship repair yard Gibdock announced the appointment of John Barnard as its new Commercial Director.Barnard brings to the role over 15 years of experience in the shipbuilding and repair business, with a career marked by diverse roles, encompassing technical, commercial and production functions across both defense and commercial markets.A graduate from the University of Southampton with a Masters in Ship Science in 2008…
US Spending $7 Million a Year to Maintain Yacht Seized from Russian Oligarch
The U.S. government said it is spending more than $7 million a year to maintain a superyacht it seized from a sanctioned Russian oligarch, and urged a judge to let it auction the vessel before a dispute over its ownership is resolved.Authorities in Fiji seized the 348-foot (106-meter), $300 million Amadea in May 2022, pursuant to a U.S. warrant alleging it was owned by Suleiman Kerimov, a multibillionaire sanctioned by the U.S.
Safe Bulkers Sells 2005-built Panamax
Dry bulk shipowner Safe Bulkers announced Monday it has has reached a deal to sell the oldest vessel in its fleet to an undisclosed buyer.The ship is the Maritsa, a 76,000 dwt Panamax bulk carrier built in Japan in 2005. The vessel was sold at a gross sale price of $12.2 million and a forward delivery date from April 2024 to May 2024, New York-listed Safe Bulkers said.Dr. Loukas Barmparis, president of Safe Bulkers…
Austal USA Names Parsons Human Resources VP
Austal USA announced it has named Kristin Parsons as the company’s vice president human resources, responsible for the overall development and implementation of company-wide human resources policies, programs and services.“Kristin’s prior experience with Austal USA and her extensive experience as an employment attorney makes her the perfect selection to lead our Human Resources team,” said Austal USA Acting President, Michelle Kruger.
US Import Volumes Seen Rising Despite Red Sea Disruptions
Inbound cargo volume at the United States’ major container ports is expected to see year-over-year increases through the first half of the year despite attacks on ships in the Red Sea, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.“Only about 12% of U.S.-bound cargo comes through the Suez Canal but the situation in the Red Sea is bringing volatility and uncertainty that are being felt around the globe…
Victaulic Acquires Utility Coatings & Fabrication
Victaulic, manufacturer of mechanical pipe joining, fire protection, and flow control solutions based in Easton, Pa., announced it has acquired Utility Coatings & Fabrication, Inc. (UCF) located in West Jordan, Utah.“This acquisition represents Victaulic’s fourth consecutive investment in the last four years, highlighting the company’s strategic vision for ongoing growth,” remarked Rick Bucher, President and Chief Executive Officer of Victaulic.
MARAD’s Title XI Changes: Good News for Offshore Wind?
The U.S. Department of Transportation's Maritime Administration (MARAD) in December issued a final rule updating its financial requirements for the Federal Ship Financing Program, commonly referred to as Title XI. While the move applies to the U.S. maritime industry as a whole, it is seen as especially helpful for players looking to serve the U.S. offshore wind sector.Designed to promote the growth and modernization of the U.S. merchant marine and U.S.
Cavotec Awarded $5.7 Million Shore Power Refit Contract
Cavotec reports it has signed a $5.7 million contract to retrofit vessels with shore power solutions for an undisclsoed major European shipping line.The agreement entails the complete retrofit of containerships from installation of Cavotec's cable management system to modifications of the ship’s switchboards. The works will be completed in drydock for some of the vessels and during commercial sailing for the rest.
Foremost Group CEO Angela Chao Killed in Car Accident
Angela Chao, chair and CEO of the Foremost Group, has died in a car accident, the New York-headquartered dry bulk shipping company announced on Monday.Angela Chao was an experienced and well-respected shipping executive, having worked her way up through several leadership positions at the company founder by her father, Dr. James S.C. Chao, with her mother, the late Ruth Mulan Chu Chao, in 1964.Before joining Foremost Group in 1996…
Survitec Saftey System Earns Type Approval
Dry chemical powder solutions have long safeguarded LNG and LPG cargo vessels, but as the industry embraces liquefied gases as a propulsion fuel, the unique requirements for protecting bunkering stations on a wider range of vessels, such as large cruise ships, containerships, and tankers, is becoming increasingly important. In response to the growing demand for advanced fire safety solutions to support the maritime's energy transition…
