R.W. Fernstrum & Company, founded by Robert W. Fernstrum 75 years ago, is a quintessential U.S. manufacturing story. The company was born in the aftermath of WWII, founded on an invention developed during the war by Robert Fernstrum to help solve an engine overheating problem that was plaguing U.S. Navy landing craft.
Green Marine (UK)’s initiative looking to retrofit crew transfer vessels (CTV) with hydrogen, fuel cells and battery, with the aim to cut emissions while servicing offshore wind farms, has been granted Approval in Principle (AiP) by global classification society RINA.The first phase of Project Verdant, involving a preliminary design and feasibility study, has now been completed and deemed viable
Swire Shipping commemorated the relocation of its Tokyo office to new premises in Minato-ku, central Tokyo, with a celebration attended by over 120 guests. Located in the Atago Green Hills MORI tower, the new office marks Swire Shipping’s expanding presence in Japan and its commitment to the Japanese market and customers.
The World Shipping Council (WSC) Board of Directors has elected Soren Toft, CEO of MSC Mediterranean Shipping Company, as the new Chair of the World Shipping Council Board.“It is an honor to step into the role of Chair for the World Shipping Council and to represent the global liner shipping industry alongside our members.
Singapore-based liner company Ocean Network Express (ONE) has released its Sustainability Report 2024 which indicates that it has achieved a 62% reduction in Scope 1 emissions intensity in FY2023 from a 2008 baseline.These efforts have yielded a 21% reduction in emissions intensity from 2018 to 2023.
Richard Holtum will take over as chief executive of global trading house Trafigura from Jan. 1 next year, the company said on Tuesday.Holtum will take over the helm at a time when trading firms are set to see reduced profits following windfall years after the COVID-19 pandemic, while sharp equity growth in recent years will also mean hefty expenses in paying out departing shareholders.
The Holt Lock on the Black Warrior River in Holt, Ala. is expected to be closed for as long as five more months after cracks and leaks were discovered within the lock infrastructure.The U.S. Army Corps of Engineers closed the lock on June 22 following an initial stability analysis performed by the Mobile District Engineering team.
Ocean Network Express (ONE) has opened a West Asia Regional Headquarters in Dubai. The move aims to expand ONE's growth in the rapidly developing markets of the Indian Subcontinent, Middle East and East Africa.The West Asia Regional Headquarters office will serve as ONE’s central hub across the region, encompassing functions such as commercial activities, customer service, and digitization.
Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte d’Ivoire, and China in its Week 10 Rig Analytics Market Roundup.ContractsDiamond Offshore has executed a two-year contract extension with a subsidiary of bp in the U.S.
Ocean Network Express (ONE) has announced its Transpacific service starting from February 2025 which will deploy 16 core weekly services.“The emphasis will be on quality end-to-end direct services with high schedule reliability. The core products will include sufficient sea speed buffers and are designed so that the impact of Hapag's departure in 2025 will have a minimal impact on ONE's network