Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come
At a recent seminar in London organized by the International Underwriting Association of London (IUA) and the Association of Average Adjusters (AAA), participants heard how ignoring or not fully understanding the concept of General Average (GA) when concluding charter-party contracts for offshore services could cause problems in the event of an incident or accident.
Private equity firm Carlyle has dropped out of a bidding process for the warship division of stricken conglomerate Thyssenkrupp, the German company said on Tuesday.Carlyle's withdrawal as a suitor for Thyssenkrupp Marine Systems (TKMS) is a major blow to Thyssenkrupp's restructuring, which also includes plans for a 50:50 steel joint venture with Czech billionaire Daniel Kretinsky.
Massachusetts Maritime Academy (MMA) officially took custody of its new training ship Patriot State during a handover ceremony on October 11.The vessel is the second of five being built by Philly Shipyard under the U.S. Department of Transportation Maritime Administration’s (MARAD) National Security Multi-Mission Vessel (NSMV) program, designed to provide a purpose-built
Coast Guard and Maritime Transportation Subcommittee Ranking Member Salud Carbajal (D-CA-24) and Chair Mike Ezell (R-MS-04) announced their bipartisan American Cargo for American Ships Act passed the House of Representatives. The legislation will strengthen U.S. cargo preference laws to stop the ongoing decline of U.S. flagged ships engaged in international trade.
In the last decade, changing U.S. Administrations have become increasingly tumultuous, as the swings in priorities and directives have a real, material impact on business. Read on for insights on the current and future of U.S. Offshore Wind.In the weeks preceding his late January inauguration
Schottel has been awarded a contract to supply propellers and thruster for a Multi-Purpose Support Ship (MPSS) being built by Damen for the Portuguese Navy.For the main propulsion, Schottel will deliver two electrically powered EcoPeller type SRE 560 azimuth thrusters with an input power of 2,600 kW eachTo enhance maneuverability and DP capabilities
The Port of New Orleans (Port NOLA) Board of Commissioners has announced the appointment of Beth Ann Branch as President and Chief Executive Officer, effective December 1, 2024. Branch, a highly regarded expert in global maritime strategy with over 20 years of experience in transportation and logistics, will also serve as CEO of the New Orleans Public Belt Railroad (NOPB).
The U.S. Department of Transportation’s Maritime Administration (MARAD) on Wednesday announced $8.75 million in grant awards to 15 small shipyards in 12 states through the Small Shipyard Grant Program. The funds will help shipyards modernize, increase productivity, and expand local job opportunities while competing in the global marketplace.
The crew of the U.S. Coast Guard Cutter Waesche (WMSL 751) will offload approximately 37,256 pounds of cocaine, valued at over $275 million, at 1:30 p.m. on Thursday at the 10th Avenue Marine Terminal in San Diego.The seized contraband is the result of 11 separate interdictions of suspected drug smuggling vessels off the coasts of Mexico, Central America
"Safety is more than just compliance. It is now synonymous with security, reliability, collective relationships and people. Safety is also becoming systems based rather than rooted in prescriptive rules or specific component procedures. Only by embracing a proactive, systems-oriented approach to safety
Harvey, La. shipbuilder Midship Marine has launched a new low-emission battery hybrid research vessel for the Lake Superior Research Institute (LSRI) at the University of Wisconsin-Superior.Described as a "floating classroom", the 65-foot aluminum catamaran Sadie Ann has been will support the university’s on-water education and research in the the icy waters of Lake SuperiorThe