The New York State Petroleum Business Tax (PBT), Article 13-A levies a tax on fuel consumption of commercial vessels operating on the waters of New York State. The PBT has long been a source of contention for operators of tug boats and towing vessels transiting New York State waters because of the difficulty to accurately calculate the tax due the state.
Babcock has started construction of the first of five Royal Navy Type 31 frigates, HMS Venturer, at its Rosyth facility in the UK.After cutting the first steel on the program in September 2021, the traditional keel-laying event formally recognized the start of the build, including placing a specially commissioned coin under the keel.
Construction has started on a 35m Catamaran for CTM Deher of Guadeloupe in the French West Indies. The Incat Crowther 35 is being built by PT Kim Seah Shipyard Indonesia, a wholly owned subsidiary of Singapore’s publicly listed Penguin International Limited, using Incat Crowther’s Digital Shipbuilding solution, a process that is designed to bring the designer
Classification society DNV announced it has awarded approval in principle (AIP) to Knutsen NYK Carbon Carriers (KNCC) for its PCO2 tank system for the transportation of liquefied CO2 (LCO2).Many of the world’s decarbonization goals can only be met through use of carbon capture and storage (CCS) technologies.
Vallianz Holdings Limited entered into a memorandum of understanding (MOU) with Royal IHC to design and build a next generation service operation vessel (SOV) to support offshore wind farms.Designed by Royal IHC, the battery hybrid SOV will house advanced levels of integration and autonomy
We all acknowledge the environmental impact of Underwater Radiated Noise (URN) from ships, and the challenges it poses for shipping companies and shoreside organizations. While noise is produced by drive systems and other mechanical components, noise specifically from the propeller can be particularly damaging since it is the source with the greatest URN strength and propagation distance.
A new all-electric, zero carbon emissions harbor tug currently being built at the Vallianz PT USP shipyard in Batam, Indonesia is expected to be the first of its kind in the Asia Pacific region.Based on the “E-Volt Electric Tug” design by SeaTech Solutions International Pte Ltd, the e-tug will be driven by a fully-classed electric battery system provided by Canadian-based Shift Clean Energy.
First steel was cut Thursday for the first of the UK Royal Navy’s five new Type 31 frigates, HMS Venturer.The historic ceremony took place at Babcock's factory in Rosyth, Scotland, where the Type 31 Inspiration class ships are being constructed."The frigates will be at the heart of the Royal Navy’s surface fleet
Italian shipbuilder Fincantieri has signed a contract with the Ministry of Defense of Indonesia, for the supply of 6 FREMM class frigates, the modernization and sale of 2 Maestrale class frigates, and the related logistical support. Fincantieri will be the prime contractor for the entire program. The company did not share financial details.
The U.S. Army Corps of Engineers, Seattle District said it plans to conduct Grays Harbor maintenance dredging in the Outer Harbor beginning April 12.The USACE hopper dredge Yaquina is expected to start dredging in the outer harbor of Grays Harbor around April 12 and will dredge approximately 17 days.
Oslo-listed FPSO leasing firm BW Offshore said Wednesday it had received a one-year contract extension for the lease andoperation of the FPSO BW Joko Tole. BW Joko Tole is a gas-producing FPSO operating on the TSB field offshore Indonesia for Kangean Energy Indonesia.To remind, the company in January said it had agreed to sell the FPSO to PT Bahari Inti Tanker and PT Cahaya Haluan Pasifik
Thai-based offshore services company Mermaid Subsea Services has agreed to buy a 50% ownership share in the Millennium 3 offshore construction vessel from PT David Marine for $16 million.The Millennium 3 is a DP2 construction support vessel built in 2011 in Indonesia by Nantong Dongjiang Shipyard Co. Ltd. and is currently operating in the Persian Gulf.