Maritime Industry Top News
Crowley, Berge Bulk Back Onboard Carbon Capture Firm Carbon Ridge
Carbon Ridge, Inc., a developer of modular onboard carbon capture and storage solutions (OCCS) for decarbonizing the maritime industry, has raised $6 million in funding led by the Grantham Foundation for the Protection of the Environment, with additional investments from Crowley, a U.S.-based shipping and logistics company, and Berge Bulk, one of the world’s largest dry bulk owners, as well as Rusheen…
Electrical Failure Led to Collision-causing Steering Loss -NTSB
A vessel’s loss of steering led to an estimated $6 million in damages when it contacted a barge near New Orleans, the National Transportation Safety Board (NTSB) said Thursday.On July 12, 2021, the bulk carrier Jalma Topic was transiting upriver on the Lower Mississippi River when it lost steering and struck a stationary barge that was being used for office space. No injuries were reported.During the voyage, the rudder became stuck at port 10 degrees.
95-year-old Laker S.T. Crapo to Be Scrapped
A nearly century-old vessel used as cement storage at the LaFargeHolcim terminal on the Fox River for the past 25 years is set to be scrapped.On Friday at sunrise, the S.T. Crapo began its journey under tow from the Port of Green Bay to be scrapped at Port Colborne, Ontario, Canada.Built in River Rouge, Mich., the S.T. Crapo was launched in 1927 as a self-unloading cement carrier operating on the Great Lakes…
Furetank Orders Two More Dual-fuel Tankers
Sweden-based Furetank announced it has signed a contract for two more dual-fuel tankers. The two 17,999 dwt vessels are scheduled to be delivered from the China Merchants Jinling Shipyard in Yangzhou in fall 2024 and spring 2025.The order marks the fifth and sixth sister ships ordered in Furetank's Vinga series this year. The class, designed with a special focus on energy efficiency and minimum environmental impact…
Inmate Dies After Leap from NYC Jail Barge
An inmate has died after jumping overboard from a New York City jail barge, the city Department of Correction announced.Police officers pulled Gregory Acevedo from the after after he reportedly climbed a fence at the Vernon C. Bain Center and jumped into the East River on Tuesday. The man was taken to the hospital but was pronounced dead after efforts to revive him were unsuccessful, according to officials.The Vernon C. Bain Center, also known as the Vernon C.
Virgin Voyages Announces Biofuels Push
Richard Branson’s cruise line Virgin Voyages announced it has partnered with independent sustainability experts, the Roundtable on Sustainable Biomaterials (RSB), along with three waste-based sustainable fuel providers to deliver low carbon fuels to the marine industry. Argent Energy, GoodFuels and Twelve are collaborating with the cruise line to further advance Virgin Voyages’ commitment of reaching net zero by 2050.Recognizing there is currently no one-size-fits-all…
Shenghong Petrochemical Preps Terminal for Super Tankers
Chinese refiner Shenghong Petrochemical Corp, part of the listed Jiangsu Eastern Shenghong Co 000301.SZ, has readied a new terminal to receive Very Large Crude Carriers and boost the refiner's logistics efficiency, a company representative said. The Lianyungang terminal in Jiangsu province is able to dock super tankers with capacity of 300,000 tonnes deadweight.The refiner, which started trial operations at its 320…
Death toll from Lebanon migrant boat climbs to 71
At least 71 people died when the migrant boat they were aboard sank off the Syrian coast after sailing from Lebanon earlier this week, the Lebanese transport minister said…
Molten Salt Reactors: Maritime’s Nuclear Option
A race is being run by nuclear scientists and ship designers. The prize? “Decarbonization’s” holy grail — believed to be a “small” thorium-fueled, molten-salt rector’s unlimited power to propel sea trade. At the same time, a recently revived discussion among leading marine-nuclear thinkers revolves now around how to put an ultra-modern, as-yet non-existent marine reactor aboard a modern commercial vessel.
Lhyfe Launches World First Offshore Hydrogen Pilot
France-based clean hydrogen producer Lhyfe has launched the world’s first offshore renewable green hydrogen production demonstrator.The pilot was launched yesterday (September 22) in Saint-Nazaire, France, which will now begin an 18-month wind-powered pilot, as part its drive towards large-scale carbon reduction.It involves Lhyfe's new Sealhyfe 400 kg/day (1MW equivalent) green hydrogen producing electrolyser platform…
Port of New Orleans Board Elects Jensen as Chairman
Rhe Board of Commissioners of the Port of New Orleans (Port NOLA) on Thursday elected Jack C. Jensen, Jr. to serve as Board Chairman, succeeding Charles H. Ponstein, whose term as Chairman ended this month. Also elected were Joseph F. Toomy, who will serve as Vice Chairman, and Walter J. Leger, Jr., who will serve as Secretary-Treasurer for the nine-month term.“Jack Jensen has brought decades of transportation and logistics experience to this board…
Roundtable: North American Naval Architects Weigh In
Marine News spoke to leaders at three North American naval architecture and marine engineering firms about some of the latest trends impacting their business today. Mike Fitzpatrick, president, Robert Allan Ltd.; Jeff Bowles, director, DLBA Naval Architects; and Rich Mueller, president and CEO, NETSCo., weigh in on topics such as digitalization, decarbonization and the naval architect talent pool.How…
Digitalization: Palantir Inks $20m Deal with Hyundai Heavy Industries
Palantir Technologies signed a deal valued at $20 million over five years to expand its partnership with South Korea's Hyundai Heavy Industries Group, one of the world's largest shipbuilding conglomerates. The conglomerate's shipbuilding affiliates including Hyundai Heavy will use Palantir's operating system, known as Foundry, to strengthen data-driven decision making, said Palantir's Chief Operating Officer Shyam Sankar.Companies in the export-driven economy…
Incoming Shell Boss Aims Fire up Renewables Drive
Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business, including through a possible "transformative" clean power acquisition, company and industry sources said.Sawan will from January take on a firm with a strong balance sheet after a surge in oil and gas prices, but whose renewables capacity has lagged peers like TotalEnergies and BP as green issues come increasingly into vogue.
Two Binding Bids for Greek Port
Greece received two binding bids for a majority stake in its northern port of Alexandroupolis, the country's privatizations agency HRADF said.The bidders for a 67% stake in the port were Quintana Infrastructure and Development through Liberty Port Holdings Single Member, and International Port Investments Alexandroupolis, a joint venture of Black Summit Financial Group, Euroports, EFA Group and GEK Terna, the agency said in a statement.The deadline for the bids expired earlier on Thursday.
Venezuela Arrests 'Fat Leonard' Contractor in US Navy Bribery Case
Venezuelan police have arrested a fugitive Malaysian businessman nicknamed 'Fat Leonard' who is at the center of a major U.S. Navy bribery scandal, as he prepared to leave the country for Russia, Venezuelan Interpol said.Leonard Glenn Francis was detained at the country's main international airport on Wednesday under a red notification requested by the United States for crimes of corruption and bribery…
Holy Land Shipwreck Reveals Tenacity of Ancient Traders as Empires Shifted
An ancient shipwreck found off the shore of Israel and loaded with cargo from all over the Mediterranean shows that traders from the West still came to port even after the Islamic conquest of the Holy Land, researchers say.A surprise storm? An inexperienced captain? Whatever the reason, the merchant ship made from fir and walnut trees and carrying containers with delights from far-off lands sank in the shallow waters off what is today the Israeli coastal community of Ma'agan Michael more than 1…
Scorpio Tankers Buys LR2 Product Tanker
Shipowner Scorpio Tankers announced this week that it has exercised a purchase option for an LR2 product tanker that is currently leased.The 2016-built, 109,999…
At Least Two Investors to Submit Binding Bids for Alexandroupolis Port
At least two investors are expected to submit binding bids on Thursday for a majority stake in Greece's northern port of Alexandroupolis, sources close to the process told Reuters.Near the borders with Bulgaria and Turkey, and with rail links and a floating gas regasification unit in the pipeline, Alexandroupolis has potential as a transport and energy hub for central Europe.Four investors were shortlisted last year for a 67% stake in the port: Quintana Infrastructure and Development…
Hurtigruten Norway Upgrades Its First Ship to Battery-hybrid Power
Hurtigruten Norway announced it has launched its first environmentally-upgraded battery-hybrid powered ship as part of a €100 million seven vessel refit program aimed at significantly reducing both CO2 and NOx emissions.MS Richard With has gone through extensive upgrades, having been retrofitted with two large battery packs (1,120kWh each) and new, more efficient Norwegian-made engines and new propulsion systems at Myklebust Yard in northwestern Norway.