Naval architects and marine engineers sit on the front lines of the maritime industry’s battle toward decarbonization. Morgan Fanberg, President, Glosten, discusses the challenges and opportunities ahead.Put in context the challenge ahead for ship owners and ship designers to meet emission targets of 2050?I started my career in 1998 and as a young marine engineer
The U.S. Justice Department (DoJ) on Friday announced the seizure of a 2,734-ton tanker it said was owned and operated by a Singaporean national and used to make shipments of petroleum products to North Korea in violation of international sanctions.A DoJ statement said the M/T Courageous was seized by Cambodian authorities in March 2020 in accordance with a U.S.
South Korea's prime minister and defense minister apologized as hundreds of COVID-19-infected sailors were flown to Seoul on Tuesday after a navy destroyer patrolling the waters off Africa was found to be riddled with the coronavirus.Almost 250 of the 301 unvaccinated crew aboard the destroyer Munmu the Great were infected
Japanese steelmaker JFE Steel has signed long-charters shipping firms NYK Line, Kawasaki Kisen Kaisha and Mitsui O.S.K. Lines to charter three 210,000-ton LNG-fueled bulk carriers for transporting iron ore and coal from overseas locations to JFE Steel’s steelworks in Japan. JFE Steel said the charters would make it the first company in Japan to deploy LNG-fueled ships in the 210,000-ton class
In the United States, it is a frustrating time to be in the government shipbuilding business. Even though America depends upon maritime commerce and faces growing security risks at sea, shipbuilding is just not a major national focus.Up to now, shipbuilders have had it pretty good. For the past several years, big naval shipbuilders have enjoyed steady growth and strong performance.
Shipping will be included in Europe’s emissions trading system (ETS) and costs for polluters are set to rise under Brussels’ plans to meet the European Union’s climate targets, the European Commission said on Wednesday.The EU ETS, which forces emitters to pay for each tonne of carbon dioxide they generate
Seattle-headquartered Saltchuk Holdings informed the U.S. Securities and Exchange Commission (SEC) that it has proposed to buy the Overseas Shipholding Group (OSG) shares it doesn't already own for $3 each, lifting shares of the Tampa, Fla.-based marine transportation company on Friday.As of June 29, Saltchuk beneficially owned 15.2 million (17.
In any business, companies that achieve success must do at least one thing extraordinarily well. Shipbuilders like Metal Shark Boats are among companies that have taken their success to the next level by do a lot of things well. Government and commercial. Aluminum, steel and fiberglass. Serial and custom. Newbuild and repair. Sixteen to 300-plus feet.
Temasek-backed Singapore conglomerate Keppel Corp and smaller rival Sembcorp Marine are exploring a potential tie-up which would see them combine their struggling offshore and marine (O&M) businesses after years of losses in an industry downturn.A successful deal would see Keppel spin off the new business into a listed entity and ultimately exit from the legacy business.
An official keel-laying ceremony for the offshore wind installation vessel ‘Green Jade’ was held Friday at CSBC’s shipyard in Kaohsiung, marking an important moment in Taiwan’s maritime and offshore wind history.‘Green Jade’ is owned by CDWE, a joint venture between CSBC, the largest shipbuilder in Taiwan and DEME Offshore.
Britain’s over-50s holidays group Saga said on Tuesday total cruise bookings stood at 140 million pounds ($191.3 million) as it prepares to restart sailing in May after a torrid year for the travel industry due to the global health crisis.Mass vaccination drives have offered hopes for a revival this year but the industry faces fresh uncertainty as new variants of the coronavirus force some
An oil tanker operated by Venezuelan state oil company Petroleos de Venezuela on Tuesday approached a floating oil facility where it is expected to receive crude via transfer at sea amid environmental concerns, Refinitiv Eikon data showed.Environmental groups have in the past two weeks expressed concern about a potential spill of the 1.