Maritime Industry Top News
Buese takes the Helm at Campbell Transportation
Campbell Transportation Company, Inc., named Kyle Buese as President & Chief Executive Officer. He joined Campbell in 2019, and since themn Buese has played a pivotal role in driving the company’s growth. Peter Stephaich, previously serving as CEO, will transition to Executive Chairman, where he will continue to support the company’s long-term vision and values.Under Buese’s leadership as President, the company has tripled in size and diversified its business.
Euro Oil Giants Rethink Renewable Balance
Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals, revive its share price and allay investor concerns over future profits.Rivals Shell and Norway's state-controlled Equinor are also scaling back energy transition plans set out earlier this decade.
Global Offshore Wind Stumbles to the End of '24
Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U.S., Europe and elsewhere ... with the exception of China.Reuters spoke to 12 offshore wind companies, industry researchers, trade associations…
Liebherr Equips Port Newark Container Terminal with Two New STS Cranes
Crane specialist Liebherr has delivered two ship-to-shore container (STS) cranes to Port Newark Container Terminal (PNCT), boosting its capability to handle the next generation of ultra large container vessels.Designed and manufactured at Liebherr’s Irish facility, the cranes are built to meet the specific demands of PNCT’s operations.The delivery is part of PNCT's ongoing $500 million expansion, aimed…
Workboat 2024: A Ton of Energy
There’s plenty to go around for everyone, no matter it comes from.I will admit that attending the 2024 Workboat Show in the Big Easy just ten days after settling into the MarineNews Editor’s chair (for this, the second time around) had my full attention. The event typically evokes the specter of drinking from the proverbial fire hose in routine times, but attending and digesting all it has to offer, right out of the gate, makes the task just little bit edgier.
Eco Wave Power Gets Permit for Its First US Wave Energy Project
Eco Wave Power has received the final Nationwide Permit (NWP) from the U.S. Army Corps of Engineers for its wave energy project at AltaSea’s premises at the Port of Los Angeles.The milestone marks a significant step forward in the development of Eco Wave Power’s pioneering wave energy project, which is set to become the first onshore wave energy installation in the United States.The permit, authorizes…
Port of Tallinn Inks Deal to Build New Liquefied Methane Terminal
Tallinna Sadam and JetGas OÜ have signed an agreement for establishment of a liquefied methane terminal in Muuga Harbour, located on the southern coast of the Gulf of Finland.According to the agreement, JetGas will build a liquified methane terminal with up to five storage tanks in stages, with a connecting pipeline to the quayline, by 2030 at the latest.The launch of the first stage of the terminal…
DNV, Seatrium Team Up for Innovation in Marine and Offshore
DNV has signed a memorandum of understanding (MoU) with Seatrium to cooperate on strategic activities and projects in the areas of engineering, technology and new product design, with key focus on floating offshore energy solutions.Under the MoU, DNV will provide Seatrium with expert advice on market and regulatory trends, emerging technologies, and best practices for environmental, safety and quality standards…
Japan’s First LNG Bunkering Vessel Marks Milestone
Japan's first liquefied natural gas (LNG) bunkering vessel Kaguya conducted its 100th ship-to-ship supply of LNG fuel, with the refueling of the car carrier Sakura Leader at the port of Mikawa in Aichi Prefecture.Kaguya was completed in 2020 as Japan's first LNG bunkering vessel and is operated by Central LNG Marine Fuel, a JV company among NYK, Kawasaki Kisen Kaisha, JERA Co, and others.Since October of the same year…
Hybrid-Ready CTV for the Polish Offshore Wind Sector
Strategic Marine has delivered a a StratCat 27 Crew Transfer Vessel (CTV) to ORLEN to operate in Poland’s growing offshore wind sector.The vessel is designed specifically for offshore wind farm operations. It is scheduled to begin operations in the North Sea before transitioning to the Polish exclusive economic zone in the Baltic Sea.The StratCat 27 is equipped with advanced technologies to meet the demanding conditions of offshore wind farms.
Norwind Offshore Takes Delivery of Vard-Built CSOV
Norwegian shipbuilder Vard has delivered a newbuild Commissioning Service Operation Vessel (CSOV) to Norwind Offshore, which has been named Norwind Helm.The vessel naming ceremony was held in Ålesund on November 15, 2024, marking the fifth vessel delivery from Vard to Norwind Offshore, a company that offers specialized vessels designed for advanced maritime operations in the development and service…
Ship Recycling Activity Increasing After Low Year
As the effects of Donald Trump’s victory continues to reverberate globally, the U.S. economy continues to strengthen on the news that the country is opening up offshore drilling in order to further reduce American dependence on foreign oil, reports cash buyer GMS.“As the U.S. economy continues to strengthen and the U.S. Dollar firms against nearly all recycling destination currencies (including China…
Call for Release of Galaxy Leader Crew on Seizure Anniversary
November 19 marks the one-year anniversary of the seizure of the crew of the car carrier Galaxy Leader by Yemen’s Houthis, with the International Chamber of Shipping renewing calls for their release.Guy Platten, Secretary General of the International Chamber of Shipping, said: “It seems incredible that a year has passed, and the crew of the Galaxy Leader are still being held hostage. Innocent seafarers…
Winners of CMA CGM Startup Awards Announced
The CMA CGM Group has announced the winners of its first CMA CGM Startup Awards.The international competition, organized in partnership with BFM Business, La Tribune and ZEBOX, attracted over 400 entries from innovative startups. 60 finalists, including 34 French startups, were selected to present their projects. Among the finalists were five startups supported by ZEBOX, the international innovation gas pedal initiated by Rodolphe Saadé.The solutions presented…
AME Renews Partnership with Fluke Reliability, Pruftechnik Group
US-based engineering company Advanced Mechanical Enterprises (AME) has renewed its partnership with Fluke Reliability and Pruftechnik Group and is their official sales representative for Florida, Georgia, North and South Carolina under the leadership of Jorge Garcia.Pruftechnik offers precision alignment and condition monitoring technology, and Fluke, known for its diagnostic tools, aligns with AME’s…
Conrad Industries' Income Jumps After Lawsuit Judgement
Louisiana-based Conrad Industries announced a net income of $7.5 million for the quarter ending September 30, 2024.This compared to a $3.2 million loss during the third quarter of 2023. The company had net income of $11.2 million for the nine months ended September 30, 2024 compared to net loss of $14.1 million for the nine months ended September 30, 2023.The increase in net income is primarily due…
Peter Melander Appointed President of Almaco EPC Division
Almaco Group has appointed Peter Melander as President of its newly renamed Engineering, Procurement & Construction (EPC) Division, previously known as the Accommodation Systems Division.With the cruise modernization market booming, Almaco is placing increased emphasis on major conversions and modernizations of complete hotel areas on passenger ships. This has driven the renaming and new strategic focus of Almaco’s EPC Division.Melander joins Almaco from his previous role at Alandia Engineering…
Japanese Troops to Train in Australia
Japanese troops will begin regular deployments in northern Australia as part of military cooperation with Australia and the U.S., Australia's Defence Minister Richard Marles said on Sunday.Around 2,000 U.S. Marines are already hosted in Darwin, the capital of the Northern Territory, for six months of the year amid growing concern among Washington and its allies about China's growing military power…
Nigeria and India Forge Deeper Maritime Security Ties
Nigeria and India on Sunday agreed to deepen collaboration in maritime security, intelligence and counter-terrorism during a state visit to the West African country by Indian Prime Minister Narendra Modi.Modi is the first Indian premier to visit Nigeria in 17 years after an invitation by President Bola Tinubu, who is seeking investments from some of the world's biggest economies.Modi arrived in the capital Abuja on Saturday night and met Tinubu at the presidential villa on Sunday where the two l
Ship Has Close Call with Missile in Red Sea
A ship passing through the Red Sea 25 nautical miles west of Al-Mukha, Yemen, reported on Sunday that a missile had splashed into the sea nearby, the United Kingdom Maritime Trade Operations (UKMTO) agency said.It did not name the vessel or the owner but cited the relevant company security officer as saying the vessel and crew were safe and proceeding to the next port of call.Yemen's Iran-aligned Houthi militants have been attacking commercial shipping in the Red Sea for more than a year in a bi
