A tanker of U.S. sour crude was delivered at Germany's port of Rostock last week for the first time ever, according to sources, analysts and vessel tracking data, as local refiners test alternatives to Russian oil.The European Union plans an almost-complete embargo of Russian barrels by year-end, and is trying to wean itself off Russian crude imports, which have fed inland refineries in Germany
Dirk Lesko will assume the role of President of Irving Shipbuilding Inc., effective September 1, 2022, the Canadian shipbuilder announced.Ross Langley, Vice Chairman of Irving Shipbuilding, will continue as interim President until Lesko joins the company.Lesko retired in April 2022 as a Vice President of the General Dynamics Corporation and President of Bath Iron Works (BIW).
A lack of U.S. Coast Guard icebreaking capacity is hindering shipping on the Great Lakes, a U.S. maritime industry coalition said on Thursday.During this year’s ice season, the U.S.-flag Great Lakes shipping industry lost the equivalent of a month due to delays in ice covered waters, according to the Great Lakes Maritime Task Force, which represents U.S.
Like every sector of cargo and passenger shipping, “digitalization”—where computerized processes are replacing onboard routines previously handled manually— is an ongoing trend coastwise, on the waterways and harbors. Regulatory compliance, especially with Subchapter M for towing vessels
A.P. Moller-Maersk's board said on Tuesday it has nominated family heir Robert Maersk Uggla to be its next chairman as part of a generational handover at the Danish shipping company.Current chairman Jim Hagemann Snabe and vice-chair Ane Maersk Mc-Kinney Uggla, Robert Maersk Uggla's mother, are not standing for reelection to the board at its March 15 annual general meeting
Long-serving marine, energy and industrial market consultancies International Maritime Associates and World Energy Reports have merged to form Intelatus Global Partners.While Intelatus is a new name, its team of business consultants has nearly five decades of experience across the entire maritime supply chain, producing multi-client analytical studies for sectors including offshore oil and gas
After being very much on the margins of the offshore wind industry, floating offshore wind now appears to be ready to hit the mainstream. With gigawatt scale developments already on the horizon, what will the infrastructure needed to build and support them look like? Over the past 12 months, the floating offshore wind sector appears to have had a major dose of adrenaline.
Nautilus Data Technologies (NDT) and Elliott Bay Design Group (EBDG) provide an interesting new twist to the maritime digitalization discussion, with the design, manufacture and delivery of an innovative 7MW data center housed on a refurbished 240-ft. deck barge. Jim Connaughton, CEO, NDT & Michael Complita, PE – VP Strategic Expansion, EBDG
Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER.The market surge is being driven by crude prices that have climbed to the mid-$80s on fast rebounding oil demand
President Joe Biden is pushing to ease supply shortages and tame rising prices in time for Christmas, but unsnarling U.S. supply lines could take far longer, experts told Reuters.Biden brought together powerbrokers from ports, unions and big business on Wednesday to address shipping, labor and warehousing pain in the U.S.
Mercy Ships is known globally for its charitable work performing medical procedures in developing countries. For the first time, the organization has a new ship, Global Mercy, recently delivered from a shipyard in China. Jim Paterson, Marine Executive Consultant, Mercy Ships takes Maritime Reporter & Engineering News inside the construction of the world’s largest civilian hospital ship.
Near-term prospects for the deepwater sector are excellent. That’s the conclusion of an in-depth market analysis of the floating production market just completed by IMA/WER in the August 2021 Floating Production Systems Report.Asked what is driving the positive sentiment, WER’s Chairman Jim McCaul explains that, “Oil demand growth is expected to continue at a strong pace