Colonna’s Shipyard is a fifth-generation, family-owned medium-sized shipbuilder, led by Randall Crutchfield, Chairman & CEO, today. Founded in 1875 by 26-year-old ship carpenter Charles J. Colonna with a $2,000 loan from his brother, he founded a company that has not only withstood the test of time
Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels.The challenges facing the sector have exposed its initial ambitions as unrealistic.Hard-to-electrify industries that were seen as ideal candidates for green hydrogen, such as steelmaking and long-distance transportation
The more than half decade that has passed since the inception of the subchapter M towboat rule affords an up-close-and-personal look at how it is going. The scorecard is a mixed bag.More than six years ago, the U.S. Coast Guard (USCG) began inspecting towing vessels for compliance with the new towboat rules; specifically, 46 CFR Subchapter M.
Spilled oil has washed up along "tens of kilometres" of the Russian Black Sea coast after two tankers were badly damaged in a storm at the weekend, a regional official said on Tuesday, and state media said a third vessel was now in trouble.TASS news agency said the third ship, also a tanker, had issued a distress signal off the port of Kavkaz, but its hull was still intact
A Russian oil tanker carrying thousands of tonnes of oil products split apart during a heavy storm on Sunday, spilling oil into the Kerch Strait, while another tanker was also in distress after sustaining damage, Russian officials said.The vessels were in the Kerch Strait between mainland Russia and Crimea, which Russia annexed from Ukraine in 2014, when they issued distress signals.
This week at MarineLink…Two reports released this week, one on the upscaling of green hydrogen production, the other on upscaling CCUS, both point to a lack of government initiatives as hindering investment. Without the establishment of regulations and multi-lateral frameworks, big projects are floundering.
The migration route from Libya across the Mediterranean, used by thousands seeking a way to get to Europe, was a top issue at a meeting on Friday between the leaders of Turkey, Italy and Libya in Istanbul, Turkey's presidency said.President Tayyip Erdogan met Italian Prime Minister Giorgia Meloni and Libyan Prime Minister Abdulhamid al-Dbeibah to discuss migration and other potential cooperation
The global bulker fleet is facing a significant slowdown, driven by a combination of factors that are not only causing a decline in average speeds but also setting the stage for the emergence of a two-tier market, according to Veson Nautical.A new report: ‘Why is the bulker fleet slowing down? The impact of an aging fleet in the era of efficiency’ says that aging vessels
NYK and ENEOS Ocean Corporation elected “NYK Energy Ocean Corporation” (NEO) as the name of the new company that will take over ENEOS Ocean's non-crude oil shipping business. NYK will acquire 80% of the shares of the new company and make it a subsidiary.By the end of last year, the transaction approval procedures by the Japan Fair Trade Commission and other relevant authorities in Japan and
The liquefaction of natural gas onboard the Tango floating liquefied natural gas (FLNG) unit at Eni’s Congo LNG project has exceeded the guaranteed levels.Following the monitoring of the liquefaction of natural gas onboard the Tango FLNG, the actual production of LNG has exceeded the guaranteed levels, with an adjusted annual equivalent production in excess of 0.
Volunteers helping to clean up a major oil spill along Russia's Black Sea coast appealed in a video released on Monday for President Vladimir Putin to urgently send federal aid, saying that they and local authorities were overwhelmed.The pollution, which has coated sandy beaches at and around Anapa, a popular summer resort
Shell is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business that was once seen as a key driver of the company's energy transition strategy.The changes are part of a company-wide review launched in 2023 aimed at reducing costs as CEO Wael Sawan focuses on activities with the highest returns.