As many markets struggle to find their footing in the face of the global COVID-19 pandemic, a recent podcast with Martin Muhleisen, director of the IMF's Strategy, Policy, and Review department, helps to lend insight and perspective from the view of the International Monetary Fund.
Nearly 200 towing vessels and 600 barges are queued on the Intracoastal Waterway while salvors work to clear a halved and partially sunken rock barge near Berwick, La., the U.S. Coast Guard said.A section of waterway has been closed since Sunday night, when a towing vessel pushing six rock-filled hopper barges ran aground at mile marker 99.
Glosten said it is working with fellow naval architecture firm Ray Hunt Design and the Canaveral Pilots Association on a pilot/demonstration project for the design, construction and operation of an electric pilot boat.Marking a first for a pilot boat in the U.S., the vessel will feature a battery-electric propulsion system with an emergency ‘get home’ diesel engine.
As the demand for goods continues to rise, the need to move a higher number of containers quicker and more efficiently is also increasing with this. As a result, port operators are proactively seeking new ways to boost productivity, all while reducing costs to meet this demand.The emergence of the Industrial Internet of Things (IIoT) is a significant factor in convincing ports to adopt new
“The decrease in state spending on higher education is what keeps me awake at night” is how RADM Michael Alfultis, President, SUNY Maritime College, neatly summarized the biggest challenge he faces as the leader of one of the U.S.’ leading maritime universities. “With a small student body (about 1700), the numbers simply don’t work
The discussion of the ‘future of class’ seems more relevant today than ever, as the maritime industry navigates a transcendent period, with digitalization, decarbonization and a long list of related safety and risk concerns occupying the attention and budgets of shipowners globally.
Maritime autonomous surface ship (“MASS”) technology continues to advance at a rapid pace around the globe. Although it’s not being embraced as quickly in the United States commercial market as other parts of the world, U.S. industry professionals and regulators look forward to continued development and implementation as a means to improve efficiency and safety.OpportunitiesThe U.S.
After a period of dormancy, drilling activity and rig utilization is up. Yet despite an increase in demand for rigs, there is still an oversupply. Few long-term fixtures, gaps in schedules and rigs moving between different regulatory regimes create new rig intake challenges.What does this mean for your rig intake strategy? Your preference may be to contract a hot rig
Seacor Holdings Announces Acquisition of Joint Venture Partner’s Interest in Sea-Vista.SEACOR Holdings Inc. announced that it has become the sole owner of its consolidated SEA-Vista joint venture, acquiring through a subsidiary the 49% interest that had been owned by an affiliate of Avista Capital Partners (the “Seller”).
In a collective call to action for the decarbonization of shipping last year, 34 signatory CEOs from the industry made clear that efforts to significantly lower the carbon footprint of shipping presented “biggest technology challenge in the past 100 years”.This statement was not an exaggeration.
The Norwegian Continental Shelf’s journey from the very first basic marinized subsea trees to today’s complex and sophisticated subsea processing equipment has been a rapid, at times turbulent, but always remarkable.There are many engineers who have seen through that journey, from the first exploration wells using Norwegian rigs in the mid-1970s to today.
The GEBCO NF- Alumni Team was announced as the $4 million grand prize winner of the Shell Ocean Discovery XPRIZE, a three-year global competition that challenged teams to advance deep sea technologies for autonomous and unmanned, fast and high-resolution ocean exploration. The team's winning concept includes the use of a unique unmanned surface vessel (USV) / autonomous underwater vessel (AUV)