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
“Each Career Connect Washington program is codeveloped with businesses and educators, so each program we build or expand meets the needs of industry and students.” -Andrew Clemons, Grant Administrator, State of Washington.In March, the U.S. Joint Office of Energy and Transportation announced a new workforce development webpage – for electric vehicle job opportunities.
A shortage of U.S. mariners presents a major threat to the United States’ national and economic security, and the problem is growing day by day.According to a 2017 study prepared by the Maritime Workforce Working Group and released by the U.S. Maritime Administration (MARAD), the estimated pool of U.S. mariners actively sailing with unlimited tonnage credentials was comprised of 11,768 mariners.
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.
A Panamanian registered bulk carrier came to the aid of a sailboat that was stranded in heavy seas 250 nautical miles off the U.S. East Coast.On April 24, 2024, the crew of CSL's self-unloader Sheila Ann received a mayday call from a sailboat stranded 16 nautical miles away in rough seas and strong winds. The ship's master and crew relayed the distress call to the U.S.
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
Industry trade group the Offshore Marine Service Association (OMSA) announced the addition of four CEOs to its board of directors.The new board members include Wes Bordelon, Chief Executive Officer, Bordelon Marine; Stacy Jo Stanley, Chief Executive Officer, Offshore Oil Services, Inc.