Norwegian shipowners agree: the obsession with new fuels is eliding a valuable discussion of the potential of fuel efficiency. The Aurora-class has enabled Höegh Autoliners to reduce emissions by around 58% per car carried, “before we even use low carbon fuels,” CEO Andreas Enger said.
The maritime industry’s elusive quest to achieve so-called ‘zero’ emissions continues. Where it ends is not a one-size-fits-all discussion.The year-end maritime industry discussions tend to move away from global influence and back drift to national and domestic debates. As this happens
Each year, as we prepare for the largest U.S. based maritime industry conference in New Orleans, we tend to look back on the state of the industry and initiatives that were announced from the conference that took place the year before. 2023 provided us with plenty to talk about. In September of 2023
Webb Institute, an undergraduate college specializing in naval architecture and marine engineering, celebrated its 2025 Commencement Ceremony on Saturday, June 21, welcoming George Economou, founder of DryShips Inc., the TMS Group, and the owner of Cardiff Marine, as the keynote speaker.
Carbon Ridge received Design Basis Approval (DBA) from DNV for its Onboard Carbon Capture System (OCCS).This milestone confirms that the foundational design and technical assumptions behind Carbon Ridge’s OCCS meet DNV’s safety and regulatory standards, clearing the path for future type approval.
British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year.Greenpeace said it had agreed to pay 300,000 pounds ($382,650) to the Royal National Lifeboat Institute (RNLI), a charity that runs a search and rescue service.
In 2011 the 210-foot Coast Guard Cutter VIGILANT was on patrol in the Caribbean when it came upon a suspected maritime narcotics smuggler. As the chase ensued, the suspected smuggler jettisoned bales of what turned out to be cocaine. The VIGILANT crew marked the position on their radar and gathered the latitude and longitude for the bales, then went in pursuit of the suspect vessel.
Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the ‘utility finance’ basket, they are ultimately high-risk deals that might better suit the portfolios of ‘infrastructure investment’ which, in recent years
Egypt's Suez Canal chief Osama Rabie said they are considering offering discounts ranging from 12% to 15% on transit fees.His statement came after revenue from the strategic canal continued to plunge on the back of attacks on shipping by Yemen's Houthis, who say they are trying to shut off cargo bound for Israel in support of Palestinians in Gaza, but are also chasing ships away from the canal.
After what has certainly been a hectic January of negotiations and a late February / early March of unending deliveries with nearly 200K of LDT delivered in recent weeks, a period of calm reflection descended across Indian sub-continent ship recycling markets, reports cash buyer GMS, with an alarmingly minimal number of deals being fixed over recent weeks including this one.
Three major projects related to long-term dredge material management at the Port of Mobile are moving forward in Congress.In partnership with the Alabama Port Authority and the U.S. Army Corps of Engineers (USACE), U.S. Senator Katie Britt (R-Ala.) has been working over the last year to secure additional beneficial use opportunities related to the Port of Mobile’s ship channel deepening and
Indian sub-continent ship recycling markets remain decidedly dicey as both currencies and local steel plate prices in India and Bangladesh declined even further this week, reports cash buyer GMS.“Vessel prices and demand take on a whole new meaning of industrywide suffering, especially with Turkey and Pakistani ship recycling markets still being remanded at the same resort over recent weeks.