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 Port Authority of Valencia (PAV) presented its Strategic Plan at the Clock Building of the Port of Valencia, outlining a vision and series of projects with a clear target year of 2035.This is a ten-year plan designed to consolidate Valenciaport as a generator of wealth and quality employment, while also acting as a driver of investment and transformation in the port and logistics ecosystem.
This episode of Maritime Matters: The MarineLink Podcast, delves into the critical importance of the inland waterways infrastructure in the U.S., focusing on the Chickamauga Lock Project on the Tennessee River. A trio of experts – Tracy Zea, President & CEO of WCI; Elizabeth Burks, USACE Nashville Division Chief; and Capt.
MarineNews Editor Joseph Keefe weighs in with a look at the previous five years on the waterfront. It’s not what you think.You might be aware that I stepped away for a moment in late December 2019. The five years that followed, whizzed right by – well, all but that miserable part of being virtually locked in my house for six months during “the Pandemic.” Enough said.
Seatrium has divested its AmFELS Yard located at Brownsville in Texas, in the United States, for a consideration of $50.7 million (S$65 million).The accretive divestment will allow Seatrium to enhance capital and operational efficiencies, while unlocking value from one of its surplus facilities.
Fincantieri has sued an Owens Corning company for fraud, claiming it was sold faulty fire-retardant panels.Two ships subsequently needed repairs that delayed their launch and another nine ships are affected, both cruise and military vessels.The suit was filed in Ohio last month, and Fincantieri is asking for over $100 million in damages and citing the reputational harm it caused due to media
Amogy, a provider of ammonia-to-power solutions, has secured additional $23 million in venture financing, to accelerate the development of its maritime products and supporting its expansion into the Asian market.The round was co-led by Korea Development Bank (KDB) and KDB Silicon Valley, with participation from new investors BonAngels Venture Partners and Pathway Investment.
Coventry, Rhode Island recently took delivery of a 19’ RIBCRAFT 5.85 for their police department. This specialized RIB enhances their patrol and response capabilities while providing a safe platform for public safety efforts during on-water events. Located in the Pawtuxet River Valley
A barge tow struck a vane dike on the Ohio River last year because the pilot did not effectively compensate for the outdraft current while navigating out of the McAlpine Locks in Louisville, Kentucky, the National Transportation Safety Board (NTSB) has concluded.The towing vessel Amber Brittany was transiting the Ohio River on March 8, 2024
Ergon Marine & Industrial Supply Inc. (EMIS) has taken delivery of a new crew boat, M/V Big Valley 325, bringing the company’s total number of crew boats to three and increasing its capacity to serve marine operators navigating the Mississippi River. The 47- x 12.5-ft. vessel, powered by twin 300 HP outboard engines
Advanced Polymer Coatings (APC), the Ohio, USA-based manufacturer of protective tank coatings for chemical and product tankers, appointed Daniel Liu as its new Global Technical Services Manager. Liu is an 18-year veteran with APC, most recently serving as the company’s Technical Services Manager for East Asia and Western Pacific Region.
American Fan working with Ingalls Shipbuilding and other shipbuilders to provide ventilation fans for ten Flight III destroyersFairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has been awarded multiple purchase orders for its Ohio-based business unit, American Fan