Spot-market rates for liquefied natural gas (LNG) tankers this week set annual records as traders bid up available vessels to meet rising global demand for the chilled gas, according to brokers.Soaring demand for LNG and buyers shunning Russian cargoes and vessels over its invasion of Ukraine have led to more long-term charters, limiting the supply of vessels to the spot market
Houston-based Industrial Service Solutions (ISS) announced Thursday it is seeking bids from U.S. shipyards to build up to four hulls for what will become North America's first fully-electric towboats.The zero-emissions vessels, which will be constructed for New York-based Zeeboat and available for charter from 2025, will run entirely on battery power
Empire Offshore Wind, a joint venture between Equinor and BP, has awarded Edison Chouest Offshore (ECO) a long-term service operations vessel charter. The vessel will service the Empire Wind offshore wind farm project located 15-30 miles southeast of Long Island.Edison Chouest Offshore's plug-in hybrid service operations vessel (SOV) will be the first in the US offshore wind sector capable of
A trade group representing the U.S. tugboat, towboat and barge industry is urging the California Air Resources Board (CARB) to reconsider new harbor craft engine emissions regulations that many in the industry say will be difficult, if not impossible, to comply with.The American Waterways Operators (AWO) said it is "deeply concerned that CARB's proposed regulations mandate engine technology that
At least 10 vessels carrying Russia-linked cargoes of crude and refined products were approaching the United States on Wednesday, as suppliers rushed to deliver ahead of the U.S. government's deadline to wind down Russian energy purchases, data from traders and Refinitiv Eikon showed.
Tanker operator TOP Ships said Wednesday it had taken delivery of the "very high specification" scrubber fitted, 300,000 dwt newbuilding Very Large Crude Oil Carrier (VLCC) vessel M/T Legio X Equestris.Built at the Hyundai Heavy Industries shipyard in South Korea, the vessel is gearing up to start its previously announced time charter in a few days.The charter is with an unnamed major oil trader.
Eneti Inc. announced its subsidiary Seajacks UK Limited, a provider of installation and maintenance vessels to the offshore wind sector, has signed a contract with Dutch marine contractor Van Oord for the charter of wind turbine installation vessel (WTIV) Seajacks Scylla.Seajacks Scylla, the largest and most capable vessel in Seajacks' fleet, is currently employed through 2022 in Taiwan.
A series of four fully-electric, zero-emissions towboats announced this week are set to become the first built in North America as vessel owners and operators continue to explore new avenues to decarbonize.The new towboats, designed to support cleaner container transport in America's ports and inland waterways, will be built for New York-based Zeeboat and available for charter from 2025.
Shipowner Costamare Inc. announced it has ordered eight newbuild containerships and acquired seven secondhand bulk carriers.The Monaco-headquartered company said Thursday it signed contracts with an unspecified Asian shipyard for two 13,000 TEU capacity newbuilds and exercised options under a previous agreement for two more of the same capacity plus four additional 15,000 TEU capacity vessels.
Hurricane Nicholas on Tuesday took another swipe at U.S. Gulf Coast energy facilities, cutting offshore oil and gas output gradually recovering from the last storm and disrupting power to onshore pipeline, gas and chemical plants.Royal Dutch Shell halted production its Perdido offshore oil platform due to heavy winds, and U.S.
Israeli container shipping company ZIM Integrated Shipping Services Ltd announced on Wednesday that it has exercised its option to long-term charter five additional 7,000 TEU liquefied natural gas (LNG) dual-fuel newbuilds from containership lessor Seaspan Corporation.Under the initial deal announced in July, ZIM has already entered into long-term charter agreements for ten 7
All signals from Washington, D.C., indicate that Fiscal Year (FY) 2022 could be a record-breaking year for inland port and waterway investment. The successful opening of the Harbor Maintenance Trust Fund, a recording-breaking United States Army Corps of Engineers (USACE) budget request, positive improvements to the Port Infrastructure Development Program