The Suez Canal Authority (SCA) plans to expand and deepen the southern stretch of the waterway where a containership became jammed and blocked traffic for six days in March, Chairman Osama Rabie said in a televised address on Tuesday.Rabie presented the plan at an event attended by Egyptian President Abdel Fattah al-Sisi, who indicated that the project should be completed in 24 months at most.The SCA plans to widen the southernmost 30-kilometer (18-mile) stretch of the waterway between the city of Suez and the Bitter Lakes area by 40 meters (130 feet) eastwards, Rabie said.
The Biden administration on Tuesday said it has approved the nation's first major offshore wind farm, billing it as the launch of a new domestic energy industry that will help eliminate emissions from the power sector.The move, however, was quickly condemned by fishing industry interests who said their concerns about the project's impact on things like fish stocks and vessel traffic had been "met with silence" by government officials.
Climate change and reliable, clean, low emission fuels are the important factors for ship operators since January 1, 2020. Twelve months into the IMO2020 transition and the climate change debate is increasing as the primary discussion point on the world agenda – from industry events to the board rooms of the global corporations. Relative to this is the reliable supply of fuel since changing marine fuel represents a large investment that requires major changes to a typical ship that has a lifetime of approximately 30 years.
Maersk is accelerating its plan to transform itself from a container shipping giant into an integrated logistics company following its strong performance during the pandemic, Chief Executive Soren Skou said on Tuesday.Maersk, which handles one in five containers shipped worldwide, aims to expand its land-based logistics services, hoping to gain a larger share of the supply chain from existing shipping clients such as Puma and Walmart.
America is home to some of the finest shipbuilders in the world. This industry is becoming increasingly vital to our national security as we seek to build a larger Navy capable of confronting China. Unfortunately, our shipyards are aging and are too small to expand our fleet at the pace that is needed. As lawmakers consider what to include in an upcoming infrastructure bill, I am leading a bipartisan effort to provide a significant boost to infrastructure at our nation’s shipyards.
Hurtigruten Group said green upgrades for its entire fleet of Hurtigruten Norwegian Coastal Express ships—including batteries, shore power and biofuel—will reduce CO2 emissions by least 25% and NOx emissions by 80% as the Norwegian passenger vessel operator continues its journey toward totally emissions-free vessel operations.Already fitted with shore-power connectivity to fully eliminate emissions when connected in port, the seven Hurtigruten Norwegian Coastal Express ships will be retrofitted with a combination of technologies and solutions specially adapted for each individual ship
In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in each of 2019 and 2020 due to unfavourable freight rates. If that pace continues for the rest of the year, an 11-year record is set to be broken.This according to a report out today from BIMCO, which shows that so far this year, 10 crude oil and 38 oil product tankers have left the active trading fleet and the development in crude oil tanker demolition and that of oil product tankers continues to head in different
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division said it has commenced fabrication of Legend-class national security cutter Friedman (NSC 11). The start of fabrication signifies the first 100 tons of steel have been cut.“Our workforce has invested more than a decade of effort, creativity and resolve to make the Legend-class national security cutter production line incredibly efficient and strong,” Ingalls Shipbuilding President Kari Wilkinson said.
Rolls-Royce said it has been selected to supply its mtu naval generator sets for phase one of the U.S. Navy’s Constellation (FFG-62) class frigate program, previously known as the FFG(X) program. Rolls-Royce has received a contract for the first shipset to provide four mtu naval generator sets, each rated at 3,000 kWe at 1,800 rpm.Construction on the first ship is expected to begin later this year after Fincantieri Marinette Marine (FMM) of Marinette, Wis.
Tanker owner TOP Ships announced on Tuesday that it has taken delivery of a scrubber-fitted 157,000 dwt newbuild Suezmax vessel, Eco Malibu, built at the Hyundai Heavy Industries shipyard in South Korea.The Marshall Island-flagged vessel is scheduled to commence by the end of the week its previously announced time charter employment with Gunvor Group subsidiary Clearlake Shipping for three years with two yearly extension options, TOP Ships said.The Nasdaq-listed company said revenue backlog expected to be generated by the fixture, assuming all options are exercised, is about $63.3 million.
Oslo-listed offshore heavy transport and wind installation company OHT has received and accepted a firm offer for a USD 135 million Senior Secured Green ECA Credit Facility.The loan was accepted by OHT's ship owing company OHT Alfa Lift AS, which is building the offshore wind foundation installation vessel Alfa Lift in China. OHT ordered the Alfa Lift on speculation in 2018, and has since secured contracts to install foundations at the world's largest wind farm - the Dogger Bank in the UK.
U.S. refiners booked at least four tankers to store refined oil products off the Gulf Coast following a cyber attacks that crippled the biggest U.S. pipeline, shipping data showed on Tuesday.The attack on the Colonial pipeline network, which supplies half of the fuel consumed along the East Coast, has forced Gulf Coast refineries to scale back operations due to lack of storage space.The tankers, booked by Marathon Petroleum, Valero Energy, Phillips 66 and PBF Energy, can hold around 350,000 tonnes of fuel. Two of them were booked for up to 30 and 40 days, the data showed.