WTIVs have always been fuel-hungry. Now they are being tasked with installations that are further, deeper and heavier.Offshore wind farms continue their march into deeper water, further from shore, with turbines that can now reach more than 270 meters high with blades 120 meters long.
The Grimaldi Group announced it has exercised its option for the construction of five additional ammonia-ready 9,000 CEU car carriers from China Merchants Heavy Industries Jiangsu, part of China Merchant Industry Holdings (CMI).Grimaldi announced its initial order for five new pure car and truck carrier (PCTC) vessels from CMI in October.
Shipping companies are still waiting for "real green" fuel solutions as part of decarbonization efforts to clean up the industry, a leading industry official said.Shipping, which transports around 90% of world trade and accounts for nearly 3% of the world's CO2 emissions, is under growing pressure from environmentalists to deliver more concrete action, including a carbon levy.
Philly Shipyard held a steel cutting ceremony for the fourth in a series of new training ships it is building for the United States' state maritime academies.Scheduled for delivery to the Texas A&M Maritime Academy in Galveston, Texas in 2025, the new National Security Multi-Mission Vessel (NSMV) is being built under a program for the U.S.
Responders are working to minimize environmental damages from a cutter suction dredge that capsized in the Mississippi River near Meraux, La. on Monday.The U.S. Coast Guard said its watchstanders at Sector New Orleans were notified at 12:50 a.m. that the dredging vessel W.B. Wood capsized in the vicinity of mile marker (MM) 85.
CMA CGM, one of the world's largest container shipping lines, said on Tuesday that it has agreed to acquire two container terminals at the port of New York and New Jersey from Global Container Terminals (GCT), which will extend its presence in a crucial hub for trade.The deal comes after French-based CMA CGM last month said it expects a pullback in shipping markets to accelerate in the fourth
As 2022 moves into its final months, low water levels and drought form the basis of the news impacting inland waterways operators and barge companies. In the first week of October, numerous barges were reported grounded in the Mississippi River, particularly south of Baton Rouge. This has consequences: barge rates jumped 218% in St. Louis, compared to 2021.
New York Waterway on Monday christened its new vessel Arthur E. Imperatore, named in honor of the company's late founder. The vessel will provide scenic tours of New York Harbor in addition to commuter transportation.Built locally by Yank Marine in Tuckahoe, N.J., the Arthur E. Imperatore is a brand new, low-emission 2,000-horsepower, Tier 3 compliant ferry designed to carry 600 passengers.
BIMCO, the world’s largest shipping association, has elected Nikolaus H. Schües, CEO and owner of Reederei F. Laeisz as President at the organization's general meeting in Hong Kong on Thursday.Schües takes over as the 46th President of BIMCO and the first German national holding the position since 2011.
Ingram Marine Group this week held a christening ceremony in New Orleans for Steve Alley, the fifth new towboat in the series of 10 ordered by the Nashville-based operator.The four-decked, welded-steel, USCG Subchapter M-compliant towboat was designed by Ingram Marine Group, Louisiana shipbuilder Main Iron Works, and naval architect Ashraf Degedy, PE.
The integrity of the marine transportation system as a key plank in a country's economic prosperity is in heightened focus today, with logistics snarls contributing to fast rising inflation. Maintaining the integrity of the vast U.S. inland waterway system - with more than 12,000 miles of inland and intracoastal waterways including 218 lock chambers at 176 sites - is the focus of the Maritime
Ingram Barge Company, one of the country’s largest barge shippers, said Thursday it was “providing formal notice of a force majeure event” as low water on the Mississippi River disrupted its operations on the major shipping waterway.The declaration would affect the portion of Ingram’s operating network at locations downriver from Baton Rouge, Louisiana