Operating on Liquefied Natural Gas (LNG) from day one in service, the MV George III, the first of Pasha Group’s two new ‘Ohana Class’, Jones Act-qualified containerships, features a state-of-the-art engine, an optimized hull form, and an underwater propulsion system with a high-efficiency rudder and propeller.
Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the Black Sea through Turkish straits continued to rise on Friday.Ankara has declined to scrap a new insurance inspection rule it implemented at the beginning of the month despite days of pressure from Western officials frustrated by the
Russia "will not accept" a price cap on its oil and is analyzing how to respond, the Kremlin said in comments reported on Saturday, in response to a deal by Western powers aimed at limiting a key source of funding for its war in Ukraine.Kremlin spokesman Dmitry Peskov said Moscow had made preparations for Friday's price cap announcement by the Group of Seven nations
The November edition of Marine News magazine highlighted the most notable newbuilds delivered in 2022. From sturdy and nimble workboats, to the first new Jones Act laker in a generation, each vessel on display showcases the industry’s engineering prowess and technological ingenuity, with the focus on improving efficiency in operations.
Hawaii-based Pasha Hawaii announced on Thursday it has taken delivery of a new liquefied natural gas (LNG)-fueled containership from Brownsville, Texas shipbuilder Keppel AmFELS.The 774-foot George III is the first of two new ‘Ohana Class containerships to join Pasha Hawaii’s fleet, serving the Hawaii/Mainland trade lane.
U.S. Treasury Secretary Janet Yellen said on Wednesday that COVID-19 lockdowns in China appear to be impeding the flow of goods and hampering global supply chains and a broader slowdown in growth in the world's No. 2 economy could have global spillover effects that warrant close attention.
Russian oil revenues are falling due to the price cap that Western countries imposed on its crude oil shipments and, ahead of further caps on Russia's oil products, Europe is well positioned to manage any price pressures, a U.S. Treasury official said on Wednesday.The Group of Seven countries
Hawaii-based Pasha Hawaii welcomed the newest member to its containership fleet with the arrival of George III at the Port of Long Beach in California, where she will begin her maiden voyage to Honolulu, Hawaii. This is the first liquefied natural gas (LNG) powered vessel to fuel on the West Coast and the first to serve Hawaii.
NOAA Fisheries announced proposed changes to vessel speed regulations to further protect North Atlantic right whales from death and serious injuries resulting from collisions — part of a multifaceted approach to stabilize and recover this endangered population. The changes would expand the current mandatory seasonal speed restrictions of 10 knots or less in designated areas of the ocean and
The Bureau of Ocean Energy Management (BOEM) and the National Oceanic and Atmospheric Administration (NOAA) Fisheries will work together to address potential impacts of offshore wind energy development on NOAA Fisheries’ scientific surveys, which help to manage the United States’s fisheries.
Cheniere Energy Inc has asked the Biden administration to exempt it from limits on emissions of cancer-causing pollutants, arguing they would force the top U.S. exporter of liquefied natural gas to shut for an extended period and endanger the country's efforts to ramp up supplies to Europe, according to documents reviewed by Reuters.