Maritime Industry Top News
Marine Group Boat Works: Standing Steady on Four Legs
Ask anyone working in the shipyard business, and they’ll tell you balancing yacht, commercial and government vessel repair work concurrently is no easy task. Add a bit of new construction to the mix, and you’ve got Marine Group Boat Works (MGBW), a Chula Vista, Calif. shipyard that has seemingly mastered the balancing act.“There are a few tricks to the trade,” said MGBW president Todd Roberts, a Cal Maritime graduate with a U.S. Coast Guard license for vessels up to 1,600 tons.
Marine License Insurance: Do You Need It?
Sponsored Content:Every year, many professional mariners become involved in accidents that trigger a USCG investigation.Imagine working aboard a vessel and, suddenly…
Italy's Commissioner Confident in a Timely Decision on New LNG Terminal
Italy's commissioner for the set up of a new regasification terminal is confident the infrastructure could get the green light by the end of October, in time for extending the country's LNG capacity at the beginning of 2023.Under the government's energy plan, the new floating storage and regasification unit (FSRU) should be operational by the end of March next year to increase the country's LNG imports and make up for a shortfall of Russian imports.The infrastructure…
Holland America Line Trials Biofuels on Board Volendam
Carnival Corporation's Holland America Line brand announced it has completed a 20-day trial of cleaner-burning biofuel on board its cruise ship Volendam, reporting a decrease in lifecycle emissions compared to marine gas oil.Wrapping up at Port of Rotterdam in the Netherlands, the long-term test was conducted in partnership with GoodFuels, a producer and supplier of sustainable biofuels for the transportation industry…
Currency Fluctuations Drive Caution in Ship Scrap Sector
While the recycling industry seemed to witness some activity surfacing from the sub-continent markets last week, this week turned into a currency frenzy in both, Bangladesh and Pakistan, as the summer of minimal activity and sales seems as though it will sluggishly drag on.Both locations reportedly experienced a sharp decline in their domestic currencies within the week, leading to more confusion &…
Rejecting Chinese Bid Would Put Hamburg Port at Disadvantage, Mayor Says
Germany would put its port of Hamburg at a competitive disadvantage if it quashed a bid from China's Cosco to buy a stake in a container operator, the port city's mayor said.A rejection would be "a one-sided, competition-distorting disadvantage for Hamburg compared to Rotterdam and Antwerp, where Cosco already owns terminal shares," Mayor Peter Tschentscher told Reuters."In order to keep up with international competition, it must also be possible for shipping companies to participate in terminal
Bookshelf: Port Newark and the Origins of Container Shipping
“An inventor is simply a fellow who doesn’t take his education too seriously.” –Charles KetteringJust for fun, try asking a friend a few questions. Who developed the telephone? Chances are that your friend will reply, Alexander Graham Bell. Who developed the lightbulb? That would be Thomas Edison. Who developed the telegraph? That would be Samuel F.B. Morse. Now ask, who developed containerization? Unless your friend has a background in maritime history, he is likely to draw a complete blank.
Petrobras Extends Helix Well Intervention Vessel
Helix Energy Solutions Group, Inc. announced on Monday that it entered into a two-year extension of its well intervention charter and services contracts with Petróleo Brasileiro S.A.
Egypt to Cooperate with Maersk on Clean Bunker Fuels
Egypt's President Abdel Fattah al-Sisi has directed the government to cooperate with AP Moeller-Maersk to establish a network to produce and distribute green energy and clean fuels for ships, a presidency spokesperson said on Monday.Maersk Chief Executive Soren Skou discussed with Sisi during their meeting a project to produce clean fuel for ships with investments of $15 billion, the statement added.There were no immediate details on the mechanism of the cooperation.(Reuters - Reporting by Moata
Suez Canal Authority to Raise Transit Fees by 15% in 2023
The Suez Canal Authority will raise fees for ships passing through the canal by 15% in 2023, SCA chairman and managing director Adm. Ossama Rabiee said on Saturday.Transit fees for dry bulk and cruise ships will be raised by 10%, Rabie added.The fee increase, which comes amid global inflation and generally improved charter rates for most vessel types, take effect January 1, 2023, Rabie said.
Eastern Pacific Shipping Orders Four LNG Containerships for Crowley Charter
Singapore-based Eastern Pacific Shipping (EPS) said it has secured a contract from U.S.-based Crowley for the charter of four dual fuel liquified natural gas (LNG) powered containership newbuilds.The 1,400-TEU vessels, which will be built by South Korea’s Hyundai Mipo Dockyard for delivery in 2025, will be deployed on Crowley’s U.S.-Central America trade connecting U.S. markets to Nicaragua, Honduras, Guatemala and El Salvador.
Sanmar, Igus Team on Shore Electric Bunkering System
Sanmar Shipyards and IGUS joined forces to develop and build a new electric bunkering system that is designed to be compact and able to supply a variety vessel types with onshore power.To this end, the companies have designed and built the Shore Power Dispenser System which can be operated by just one crew member.According to the companies, the modular design allows an extension of the dispenser system to provide higher charging power capacities easily.
MAN 175D Propulsion Chosen for New High-speed Ferry
The Austal shipyard in Vietnam has ordered 4 × 16V175D-MM engines, delivering 2,720 kW at 1,800 rpm for water-jet propulsion, in connection with the building of a high-speed catamaran ferry for customer, the Degage Group. The 66-meter, 574-passenger ferry is scheduled for delivery in the first half of 2023 and will operate as the Apetahi Express between Pape’ete (Tahiti) and Vaitape (Bora Bora) in French Polynesia.
Russia Conducts Military Drills in the Arctic Sea
Russian nuclear-powered submarines fired cruise missiles in the Arctic on Friday as part of military drills designed to test Moscow's readiness for a possible conflict in its icy northern waters, the defense ministry said.The drills, named Umka-2022, took place in the Chukchi Sea, an eastern stretch of the Arctic Ocean that separates Russia from the U.S. state of Alaska.Russia sees its vast Arctic…
UN Ship Leaves Ukraine with Wheat for Ethiopia
The third vessel charted by the United Nations World Food Program (WFP), left Ukraine’s Chornomorsk Black Sea port with around 30,000 tonnes of wheat on board, Ukraine’s infrastructure ministry said on Saturday.“The vessel is headed for Ethiopia. According to UN estimates, Ethiopia is on the verge of a food crisis,” the ministry said in a statement.It said that in partnership with the WFP, three ships loaded with more than 90…
Fire Hits Oil Terminal, Tanker in Venezuela
A fire erupted on Saturday at an oil terminal in Venezuela when a hose used for supplying gasoline to a tanker broke lose, the country's oil minister Tareck El Aissami said.The fire, which occurred early on Saturday at one of Guaraguao terminal's berths, located on Venezuela's eastern coast, was extinguished shortly after, but also affected Panama-flagged oil vessel Larko and interrupted the terminal's operations, according to shipping sources.No injuries have been reported.
Towboats Collide on the Gulf Intracoastal Waterway
The U.S. Coast Guard said it is monitoring a barge with heavy fuel oil aground after a two towboats collided near Plaquemine, La., at mile marker 43.5 on the Port…
Rhine Water Levels in Germany Approaching Normal Depths
Water depths on the Rhine River in Germany have risen thanks to recent rain and are approaching normal levels after falling this summer to lows that disrupted transportation, vessel brokers and commodity traders said on Monday.But, since dry weather was forecast for much of this week, levels could fall again and the picture had not yet normalized, brokers said.The Rhine is an important shipping route for such commodities as grains…
Will the Future be Walls or Bridges? Equinor Releases "Energy Perpectives 2022"
Energy Perspectives 2022: Long-term development in the world’s energy markets and how politics, technologies, companies, and consumers can influence it, is an overarching theme of the energy transition.With inflation raging, geopolitical disruption and resultant energy security concerts, and continued logistics woes, the table is set for Equinor to deliver its insights on energy courtesy of its "Energy…
Oil Drops 1.5% on Strong Dollar, Demand Projections
Oil fell by more than 1.5% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply worries limited the decline.Central banks around the world are certain to increase borrowing costs this week and there is some risk of a blowout 1 percentage point rise by the U.S. Federal Reserve. "The upcoming Fed meeting and the strong dollar are keeping a lid on prices…