The bipartisan, bicameral bill will fuel U.S. economy, strengthen national security by responding to China’s threat over the oceans. Currently, the number of U.S.-flagged vessels in international commerce is 80; China has 5,500.Today, Senator Mark Kelly (D-AZ), Senator Todd Young (R-IN), Representative John Garamendi (D-CA-8)
Divers scoured the wreck of a luxury yacht off Sicily's coast on Tuesday to find six missing people, including British tech entrepreneur Mike Lynch and a Morgan Stanley executive, following an intense storm that sank the vessel on Monday.The British-flagged Bayesian, a 56-metre-long (184-ft) superyacht, was carrying 22 people and anchored off the port of Porticello when it was hit by the fierce
Shipowners in all sectors face the same decision: build new or refurbish older tonnage. In the booming cruise sector the decision is more pressing, particularly as new construction ships can take two to three years to build, perhaps longer today with global shipyard orderbooks packed full.
Product and chemical tanker shipping company Ardmore Shipping Corporation on Monday announced that its current senior vice president and chief commercial officer Gernot Ruppelt will succeed company founder Anthony Gurnee as CEO.Gurnee will retire on September 16, 2024, at which point Ruppelt will step into the CEO position and current CFO Bart Kelleher will take on the additional role of
DNV has awarded a detailed Approval in Principle (AiP) to Shell International Trading and Shipping Company and Brevik Engineering for their design of a 74,000 cubic meters (cbm) liquid carbon dioxide (LCO2) carrier.The vessel is specifically designed for the Asia Pacific market to enable cost competitive transport of CO2.
Brunvoll won another contract with Myklebust Shipyard for the delivery of a comprehensive thruster package, an additional vessel for REM Offshore, the option originally announced in May 2024. Like the previous contract, this agreement also includes an option for a third additional vessel.
PTSC Asia Pacific, a joint venture between Yinson Production and PetroVietnam Technical Services Corporation (PTSC), has secured a contract for the provision, charter, operation and maintenance of the floating storage and offloading (FSO) vessel for the Lac Da Vang project offshore Vietnam.
Maritime entrepreneur is a long-time advocate for diversity and inclusion in the shipping industry. Ms. Karin Orsel, co-founder and CEO of the MF Shipping Group based in the Kingdom of the Netherlands, has been selected to receive the 2025 IMO Gender Equality Award. The Award is bestowed on individuals who have made significant contributions to advancing gender equality and the empowerment of
Germany-based cruise operator Phoenix Reisen has retrofitted its 205-meter, 835-passenger capacity ship MS Amera with ABB’s DC technology to improve the vessel’s efficiency and lower its emissions during port calls.The vessel is now equipped with ABB’s Onboard DC Grid power system platform and shore connection.
Proman Stena Bulk, the joint venture between Stena Bulk and Proman, christened Stena Prosperous today during a ceremony at the Marina Bay Cruise Center in Singapore. After the ceremony, the 49,900 DWT IMOIIMeMAX vessel will be bunkered with a 20/80 green/conventional methanol blend, which delivers CO2e savings of 31% compared to the same voyage operated on Very Low Sulphur Fuel Oil (VLSFO)
Despina Panayiotou Theodosiou voiced gratitude at being selected as recipient of the first ever IMO Gender Equality award, presented by Secretary-General Arsenio Dominguez ahead of the International Maritime Organization Women in Maritime 2024 event. The award recognized Co-Chief Executive Officer of Tototheo Maritime, Ms.
Lucas Vos is stepping down as President, Stolt Tankers effective July 1, 2024. He will be replaced by Maren Schroeder as President and Chief Operating Officer, while Bjarke Nissen will assume the role of Chief Commercial Officer at Stolt Tankers.Ms. Schroeder has held the position of Managing Director, Shipowning, at Stolt Tankers since 2022, and prior to joining as Fleet Director in 2019