Monthly Archives: March 2022

Sempra considers offshore wind project in Morro Bay

San Diego-based energy giant Sempra plans to invest in offshore wind in California. Sempra Infrastructure, a subsidiary of the Fortune 500 company, and French multinational TotalEnergies on Thursday announced the signing of two letters of intent — one for a liquefied natural gas, or LNG, project that Sempra plans to …

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European Green Corridors Network wants to promote alternative bunker supply chains

The organization will try to set up green corridors in Europe before showing how they can be rolled out elsewhere. File Image / Pixabay A new network of European Port Authority was launched this week to strengthen the supply chain for alternative bunker fuels. the European Green Corridors Network was …

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Shell fuels Olympus tie-back in the Gulf of Mexico

The oil company Shell has started production from a deep-sea connection to its production center Olympus, thereby opening up further added value in the US Gulf of Mexico. Shell announced the start of production power napan underwater development with an estimated peak production of 20,000 barrels of oil equivalent per …

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International Shipping Forum Drybulk Panel by Capital Link: “You’re pinching yourself”

The Drybulk Panel at Capital Link’s International Shipping Forum (now in its 16th edition)th Year) turned out to be lively, to say the least, as the participants from the shipping companies delivered a friendly salvo along the lines of “which is better?”. Martyn Wade, CEO of Nasdaq-listed Grindrod Shipping (symbol …

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Reining in anarchic river traffic

Shihab Sarkar | Released: March 28, 2022 20:35:57 Mid-river collisions between motor boats are not uncommon in Bangladesh. Recently, with the rapid increase in river traffic on the country’s rivers, these mishaps have also continued to increase. But the incidents of a cargo ship hitting or running over a small …

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Russian gas supplies cannot be replaced overnight

HE Minister of State for Energy Affairs Eng Saad bin Sherida al-Kaabi said Qatar could not help immediately and no one could replace Russian supplies. He also ruled out that the Ukraine crisis will fundamentally change the way oil and gas costs are paid in the long term. In a …

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Writers, photographers, artists and ship enthusiasts alike gather at the Soo Locks Visitor Center

Accompanying the opening of the Soo Locks at 12:01 a.m. Friday morning, the US Army Corps of Engineers opened the Soo Locks Visitor Center from 9:00 a.m. to 3:00 p.m. for its annual open house during which out- Staters, Community members and families gathered to learn all about locks and …

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Rhode Island leaders want ‘bold’ commitment to offshore wind energy | News, Sports, Jobs

BY JENNIFER McDERMOTT Associated Press Rhode Island leaders want offshore wind power to provide more of the state’s electricity to solidify its position as an industrial hub, reduce greenhouse gas emissions and set an example for other states looking to stave off the worst effects of a warming …

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3 Scenarios for Oil, Gas, Metals by BofA

The bad In the “bad” or baseline scenario, a “face-saving solution” would be found after 12 months of war, but the restrictions placed on Russian financial institutions would remain after the conflict was settled, Blanch explained. These export restrictions could “force a major diversion of commodity movements around the world,” …

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Reports of lost cargo of Lidl items found along the Dorset coast are increasing

The number of Lidl items washed up along the Dorset coast after a cargo ship lost containers has more than tripled in recent days – as the supermarket giant pledges to help with the cleanup while an inquiry is ongoing. Eighteen people have now reported spilled items, with a total …

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Orient Cable wins EUR 240 million contract for 1 GW project in China

Orient Cable (NBO) has been awarded a €240 million contract for a 1GW offshore wind project developed by Guangdong Energy in Yangjiang, Guangdong Province, China. The EPCI contract includes the supply, engineering, transportation, installation and pre-commissioning of two 60-kilometer 500 kV 3-conductor export cables. According to the company, the project …

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US electronics reshoring plan risks missing the boat

//php echo do_shortcode(‘[responsivevoice_button voice=”US English Male” buttontext=”Listen to Post”]’) ?> Revitalizing the US semiconductor industry requires balanced investments across the electronics ecosystem, including assembly and test and printed circuit boards (PCBs), according to industry leaders. As US lawmakers prepare to approve a $52 billion package of stimulus to prop up …

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Dredging attempts to free grounded cargo ships

ship Ever Forward near Pasadena, Md., March 21, 2022.” data-image-id=”6239d702417c9466408b457b”/> Crews dredging near the container ship Ever Forward near Pasadena, Md., March 21, 2022. AP Photo/Julio Cortez BALTIMORE (AP) — Dredging has begun to extricate a cargo ship that has been stranded in the Chesapeake Bay for more than a …

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Rising fossil fuel prices should not dampen optimism about the energy transition

Four months after COP26, the global energy picture has changed significantly – and not in the direction that COP negotiators had hoped. Far from declining, global coal consumption rose to record levels during the winter, leading to a spike in emissions. And that was before …

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Fast-track to offshore wind projects to drive down electricity prices, Ryan says

According to Environment and Climate Secretary Eamon Ryan, a new permitting regime for large offshore wind developments will provide security for developers while reducing electricity prices and dependence on fossil fuels for decades to come. The new maritime regulatory regime will be put in place to speed up offshore wind …

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Amid rising inflation, Biden is targeting maritime shipping

Some economists have repeated these arguments, saying it is a function of supply and demand. “I think the rise in rates that has taken place during the pandemic is largely due to an increase in demand for imported goods coupled with a slowdown in ports, functionally leading to a reduction …

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Syama Prasad Mookerjee Port, Kolkata begins ship-to-ship operations for LPG cargo to Bangladesh

Kolkata, March 20 Syama Prasad Mookerjee Port, Kolkata (SMPK – formerly Kolkata Port Trust) commences Ship-to-Ship (STS) operations for LPG cargo to Bangladesh. Aside from marking a fresh start in India-Bangladesh relations, it will also open the connection between Kolkata Port and Mongla Port in Bangladesh, where the LPG cargo …

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Carbon pricing and cross-border carbon leakage in international transport

Climate change has received a great deal of nervous attention around the world lately. Some countries and regions have introduced carbon pricing such as carbon taxes and emissions trading as countermeasures against global warming. However, there are concerns about cross-border carbon leakage when a country introduces carbon prices. Even if …

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The housing shortage in the NWA is made worse by problems in the material supply chain

FAYETTEVILLE, Ark. (KNWA/KFTA) – There is high demand for housing in Northwest Arkansas, and local builders say building materials are hard to come by. The prices for lumber, steel and concrete also change daily. Supply chain issues, largely caused by the pandemic and exacerbated by the war in Ukraine, are …

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Wärtsilä supplies the first dedicated methanol fuel supply system for ships

Wärtsilä has developed a special fuel supply system for methanol – MethanolPac – as interest in the methanol route to decarbonise trade grows. In combination with the recently introduced Wärtsilä 32 methanol engine and the company’s proven retrofit and systems integration capabilities, MethanolPac enables Wärtsilä to provide methanol-capable fuel and …

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An Emirati-flagged cargo ship with 30 on board sinks in the Persian Gulf off Iran

An Emirati ship sinks 30 miles from Assaluyeh in the Persian Gulf of Iran on March 17, 2022 Iran Ports Organization / WANA (West Asia News Agency) / Handout via REUTERS Dubai, United Arab Emirates – An Emirates-flagged cargo ship, longer than a football field, sank in stormy seas off …

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Forego the Jones Act to get the supply chain running again

When we were in the Trump administration at the Council of Economic Advisers, New England was being hit by a polar vortex. Our staff estimated that the cold was forcing Americans to spend hundreds of millions of dollars more on natural gas from other countries. How could the US be …

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Ukraine crisis threatens oil demand and investment, OPEC says

The Ukraine crisis threatens to deepen rising inflation, which in turn hurts oil demand and investment, the Organization of the Petroleum Exporting Countries (OPEC) said, Bloomberg reported. Global crude oil prices hit a 13-year high of $139 a barrel last week as Western sanctions on Russian supplies tightened the already-strained …

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A year after the Suez blockade, another evergreen ship is stuck in the Chesapeake

A container ship operated by the same company whose ship blocked the Suez Canal last year and held billions of dollars in world trade for nearly a week has been stuck in the Chesapeake Bay since Sunday night, according to Maryland officials. The 1,095-foot Ever Forward was en route from …

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Work underway to refloat stuck cargo ship in Chesapeake Bay – NBC4 Washington

Efforts are still ongoing Tuesday to refloat a container ship that ran aground in the Maryland portion of the Chesapeake Bay on Sunday, the U.S. Coast Guard said. The 1,095-foot ship, named Ever Forward, is part of the same Taiwan-based fleet of ships as the Ever Given, which got stuck …

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Cargo shipping market – Big tech giants in turmoil again

Global Freight Shipping Market (Pre-Post-Covid-19) Size and Forecast Analysis to 2030: The Global Cargo Shipping research report on the Cargo Shipping Market is the product of a brief review and an exhaustive analysis of the realistic data collected from the Global Cargo Shipping Market 2022. The data was collected on …

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How SpartanNash supplies the Ukrainians

Photo courtesy of SpartanNash In addition to its nationwide retail and distribution business, Grand Rapids, Michigan-based SpartanNash also operates a $1.89 billion military business segment serving commissaries and exchanges at US military bases around the world. Following the Russian invasion of Ukraine on February 24, SpartanNash quickly mobilized its domestic …

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Media support crucial to the success of the maritime industry

Mr Emmanuel Jime, Executive Secretary of the Nigerian Shippers’ Council (NSC), has stressed the need for media support in efforts to reposition the shipping industry to meet stated goals. “We need to build a strong partnership with the media. This is very critical to our success in the maritime industry …

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Wind Turbines Could Covertly Reverse an Unexpected Effect of Climate Change – Here’s How

offshore wind is They will move farther and farther from shore as demand for renewable energy grows and new floating turbine technology enables deepwater extension. However, for the first time large areas of the British continental shelf now open for development are ‘seasonally stratified’. David Attenborough has described these seasonal …

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NYK Completes Concept Design for Ammonia-Ready LNG-Fueled Vessel (ARLFV).

Nippon Yusen Kabushiki Kaisha (NYK), MTI and Elomatic Oy, a Finnish maritime consultancy and engineering firm, have completed the development of a concept design for an ammonia-fuelled, LNG-fueled vessel (ARLFV) for the transition to a future naval fuel. NYK and MTI have set a long-term goal of net-zero greenhouse gas …

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Siptu is asking the government to turn away a cargo ship carrying Russian oil

UNION SIPTU has called on the government to turn away a cargo ship carrying Russian oil due to dock in Dublin port tomorrow. The union is asking Transport Secretary Eamon Ryan and Dublin Port chief executive Eamonn O’Reilly to stop the STI Clapham from landing. The oil tanker is carrying …

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Potential for 1,300 floating offshore wind turbines by 2030

Clarkson’s Renewables Intelligence Network sees a global potential for 14.5 GW of electricity generated by 1,300 floating offshore wind turbines by 2030. This represents a huge expansion for Floating Wind, where only 10 projects of 124 MW are active and another 8 projects of 165 MW are under construction. The …

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The US has seized an Iranian oil shipment as Biden considers easing sanctions

MIAMI (AP) — The U.S. has quietly seized cargo from two tankers suspected of transporting Iranian oil as part of an elaborate sanctions-lifting scheme that includes forged documents and the repainting of a ship‘s deck to stop illegal shipments disguise. Details of the seizure, which were previously unreported, were included …

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Wreck of 1,600-year-old Roman ship found in Spain

A Photoshop image of the Roman cargo shipwreck Ses Fontanelles as seen on the bottom of the Mediterranean Sea just off the Spanish island of Mallorca where it was found. (Arqueomallornauta/Consell de Mallorca) CAIRO – March 10, 2022: The wreck of a Romanian cargo ship called Ses Fontanelles has been …

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Lawmakers are demanding the repeal of the 100-year-old law that made US gas transportation more expensive

Lipow Oil Associates President Andy Lipow argues that domestic oil production will increase despite President Biden’s energy policies. After Biden this week banned Russian oil imports over Putin’s invasion of Ukraine, lawmakers are asking the president to abandon the Jones Act, a centuries-old law that critics deride as protectionist because …

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Rep. Case asks Biden to waive Jones Act shipments of Hawaii oil

Amid the growing crisis in Ukraine and rising oil prices, US Congressman Ed Case on Tuesday asked President Biden to grant an exemption to Jones’ federal law. A press release from Case’s office said such a measure would allow international shipping to ship oil and other petroleum products from mainland …

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The shortage of shipping containers continues to impact the supply chain

Related Practices and Jurisdictions The never-ending impact on the automotive supply chain continues. We’ve written extensively about the shortage of chips and other parts, and the multiple causes of these shortages. Automakers are currently feeling the disruption from the crisis in Ukraine and the sanctions against Russia in their supply …

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Rising gas prices make Scottish offshore wind power essential

Rising gas prices highlight the need to ramp up Scottish offshore wind and hydrogen, the energy secretary will later say. Michael Matheson will later present the need for “a more consistent and stable form of energy supply” at the Scottish Renewables Offshore Wind Conference in Glasgow. UK and European gas …

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The latest Russia-Ukraine war news: live updates

Thousands of Ukrainian and Russian seafarers are stranded in ports around the world as the war in Ukraine intensifies and shipowners scramble to find replacement crews to keep strained supply chains running. Crews from Russia and Ukraine together make up 17% of the world’s 1.9 million sailors, and at least …

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Cargo ship via Bangladesh to Assam completes pilot voyage

Guwahati: The MV Lal Bahadur Shastri, an Inland Waterways Authority of India (IWAI) vessel, completed its pilot voyage from Bihar’s Patna to Pandu port here on Sunday, transporting grain via Bangladesh. The ship was received at the end of the voyage by Union Minister for Ports, Shipping and Waterways Sarbananda …

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24 seafarers at SLPA’s Mahapola Ports & Maritime Academy complete their training – The Island

To support the nation’s efforts towards organic farming A. Baur & Co. (Pvt.) Ltd., also known as Baurs, is a name recognized for pioneering work in the agricultural landscape of the country, recently supported a team of organic farming experts from Switzerland who revisited Sri Lanka in early February. The …

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The debate over the domestic mineral supply chain continues after Biden canceled mining leases in Minnesota

The US sources over 50% of the minerals it uses to make building materials and electric cars from other countries. The company Twin Metals tried to change that by opening an underground mine in northeastern Minnesota. MINNEAPOLIS — The push to develop a cheaper way to make phone batteries and …

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Russian ministry recommends suspension of fertilizer exports

Russia could suspend exports of fertilizers, state news agency TASS reported, a move that would take much of the world’s supply off the market. The Ministry of Industry and Trade has recommended suspending fertilizer exports until normal transport services to and from Russia resume, TASS reported on Friday. The ministry …

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A Russian cargo ship has turned away from the Welsh port during the invasion of Ukraine

//= do_shortcode(‘[in-content-square]’)?> Milford Haven Docks © Copyright Jeff Gogarty and Licensed for Reuse (CC 2.0) A Russian cargo ship carrying diesel was turned away from a Welsh port during the invasion of Ukraine. The ship, named ‘Louie’, was due to call at Milford Haven today but was diverted to Belgium …

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The Australian state of Victoria sets out a rapid growth plan for offshore wind power

MELBOURNE, March 4 (Reuters) – Australia’s state of Victoria on Friday set targets of at least 2 gigawatts (GW) of offshore wind power by 2032 and 9 GW by 2040, setting ambitious targets to fill a gap in electricity supply than coal close – fired plants shut down. Australia, which …

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War in Ukraine “a barbaric act”

A resident of the Ukrainian city of Kherson told CNN’s Christiane Amanpour that Russian soldiers were in Kherson, but insisted the city was a “Ukrainian city and we want to remain a Ukrainian city.” “Our city is… invaded by Russian occupiers, but the flag is still Ukrainian and we hope …

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Ukraine-Russia LIVE updates as cargo ship sinks after explosion and Putin ‘considers martial law’

Four sailors are feared dead after a cargo ship sank after an explosion off the coast of Ukraine. The Estonian-owned shop reportedly encountered a mine near the port city of Odessa. Two crew members were rescued while four others are missing, the ship manager said. It comes amid fears that …

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Drugmakers and device makers say sanctions could hamper Russia’s medical supplies

March 3 (Reuters) – Western drugmakers and medical technology companies warn their plans to continue selling products to Russia could be hampered by economic sanctions targeting the country and its big banks as punishment for Moscow’s invasion of Ukraine. Sanctions imposed on Russia by the United States, Britain, Europe and …

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TotalEnergies could lose the South African license if there is no production plan by September

CAPE TOWN, March 2 (Reuters) – Oil major TotalEnergies (TTEF.PA) could see its license to develop a major South African offshore gas find scrapped if it doesn’t submit a production plan by September, the oil and gas regulator said on Thursday. TotalEnergies discovered two large gas fields, Brulpadda and Luiperd, …

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The Felicity Ace laden with Porsches and Bentleys sinks after weeks of burning in the Azores

“This morning the vessel ‘Felicity Ace’ lost stability during the towing operation that began on February 24th and sank approximately 25 nautical miles outside the borders of Portugal’s exclusive economic zone in an area with a water depth of approximately [9,842 feet]’ the Navy wrote in Portuguese. The 650-foot ship, …

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A cargo ship carrying thousands of luxury cars sinks in the Atlantic

BERLIN — A cargo ship that caught fire last month with thousands of luxury vehicles on board sank on Tuesday morning, the ship’s management company said. MOL Ship Management Singapore Pte Ltd, which owns the company that operates the ship, said the Felicity Ace sank about 220 nautical miles (253 …

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Acquisition of CMS GlobalSoft by FOG Software Group

CMS will continue to operate as an independent division of FOG Software Group within its supply chain and logistics portfolio. Not only do they have extensive experience in the shipping industry; They share our commitment to excellent customer service and our focus on advancing supply chain technologies.” — Wil Fekeci …

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