Monthly Archives: April 2022

Dark clouds on the horizon for electric vehicle batteries

The shift to renewable energy sources and electrified transportation represents a megatrend, a global seismic shift in energy production, storage and consumption. But dark clouds form, clouds reminiscent of another time. The United States has turned the supply chain for that future over to offshore suppliers of the critical materials …

Read More »

19 Revolutionary War guns are found in the Savannah River: NPR

A cannon caked with rust and mud sits inside a warehouse operated by the Army Corps of Engineers in Savannah, Georgia Thursday. It’s one of 19 cannons discovered in the Savannah River since last year that experts believe date from the American Revolution. Russ Bynum/AP Hide caption toggle caption Russ …

Read More »

The Swedish cruise ship “Viking Octantis” sails through the St. Lawrence River | WIVT

ALEXANDRIA BAY, NY (WWTI) — Early risers on the St. Lawrence River often see cargo ships cruising up and down the seaway. But ship watchers had a unique sight on Friday morning. The cruise ship Viking Octantis has embarked on the St. Lawrence River while completing a tour of the …

Read More »

Antwerp and Bruges become Europe’s largest export port

Together, the ports of Antwerp and Bruges are leaders in export, RoRo, natural gas, bulk liquid and containers (Antwerp stock photo). Published 04/28/2022 17:34 by The Maritime Executive The Belgian cities of Antwerp and Bruges have completed the merger of …

Read More »

PGS ASA: First Quarter 2022 Results

PGS ASA challenging Q1 – Encouraging market outlook Snack Q1 2022 Revenue and other income of $136.2 million compared to $165.7 million in the first quarter of 2021 Higher contract revenue and delayed multi-client sales compared to Q1 2021 MultiClient pre-funding revenue decreased significantly due to a low volume of …

Read More »

4 Ways to Stay Motivated When Paying Off Debt

4 Ways to Stay Motivated When Paying Off Debt

Paying off credit cards and other debt can help improve your financial situation in major ways. You’ll free up the cash you were sending to your creditors and keep more of your money when you aren’t wasting it on interest. But while most people know it’s a good idea to …

Read More »

Innovation in the Internet of Things has declined among companies in the shipping industry over the last year

Internet of Things research and innovation in marine equipment supplies, products and services has declined in the last year. The latest figures show that the number of IoT-related patent filings in the industry was 23 in the three months to February – up from 32 in the same period in …

Read More »

India scrambles to find ship to ship crude oil from Russia | Business and Business News

India’s Oil and Natural Gas Corporation (ONGC) is struggling to find a ship to ship 700,000 barrels of crude oil from Russia’s Far East, in a growing sign of complex trade deals involving one of Moscow’s biggest partners , interrupted by Western sanctions, Reuters reported. cite sources. Several Indian companies, …

Read More »

Meyer Group expands into cruise ship maintenance with Meyer Re

The MEYER GROUP founded MEYER RE to complement its core business, the construction of new cruise ships: As a new partner of cruise lines, the new company MEYER RE aims to maintain ships throughout their entire service life, to modernize them with sustainable solutions and to ensure optimized ship operations, …

Read More »

Global Offshore Crane Market Evolving Trends & Opportunities In The Pandemic End Of COVID-19 To 2029 – Ripon College Days

Offshore Crane Market is a professional and detailed report that focuses on primary and secondary drivers, market shares, leading segments and geographical analysis. This analysis provides an examination of various market segments that can be relied on to observe the fastest development within the estimated forecast framework. The report includes …

Read More »

Oil falls amid fears of more lockdowns in China

Meanwhile, Spain receives its first supertanker shipment of crude oil in six years: File Image/Pixabay Analysts who had warned of unprecedented volatility in oil trading this year were confirmed again on Monday as prices plunged lower $100 Thanks to the dealers who decided that China‘s Covid lockdowns would have a …

Read More »

India’s exports recovered after Covid. But here’s how Modi’s government can achieve a $5 trillion economy

The Ministry of Trade and Industry recently announced that India has reached its goods export target of $400 billion in the current fiscal year. Despite Covid-related disruptions, such a steady export growth performance has propelled India’s economic recovery, averaging nearly $30 billion over the past 12 months. Exports grew at …

Read More »

Will Biden’s Commerce Department Really Penalize Solar Power in Asia?

President Biden tours a solar plant in New Hampshire. Are these panels all made in Asia? Most … [+] probably yes. (AP Photo/Elise Amendola) ASSOCIATED PRESS They are baa-aack. The Commerce Department is again probing US solar imports from Southeast Asia, most of them by Chinese multinationals, after dropping a …

Read More »

The mixed fortunes of the submarine depot ship HMS Maidstone and its time as a prison ship for IRA internees

Every time Maidstone Councilors enter the chamber at City Hall, they rush past a ship‘s bell. It is the bell of HMS Maidstone, named after the town, which was launched 85 years ago. The bell of HMS Maidstone now hangs in Maidstone Town Hall Laid down in 1936 at the …

Read More »

A sulfur fire breaks out on a cargo ship in Florida, forcing the entire crew to evacuate

A chemical fire erupts on a Florida cargo ship, forcing the entire crew to evacuate after residual sulfur bursts into flames A chemical fire broke out on the cargo ship Kelly Alafia around 5.30am Friday after welding sulfur by-products caught fire Because chemicals were burning, the incident was classified as …

Read More »

Firms are lining up to work with SeAH at its Teesside site, which employs 1,500 people

It turned out that a number of local companies were seeing the opportunity to get involved in the construction of a huge new offshore wind farm at Teesworks. The major supply chain event welcomed a total of 187 of Tees Valley’s biggest names from a range of sectors including Francis …

Read More »

Oil Prices Rise But Trading Increasingly A ‘Tug Of War’, Says Analyst

However, market conditions remain dangerously tight: File Image/Pixabay Another volatile session in Crude Oil trading on Thursday ended with the commodity higher as schizophrenic investors now focus on multiple supply challenges rather than their main focus of late, the demand threat from lockdowns China. West Texas Intermediate has settled $1.60 …

Read More »

ClassNK Grants Approval in Principle (AiP) for GSC Developed Ammonia Ready LNG Fueled Panamax Bulk Carrier

Leading classification society ClassNK has granted Approval in Principle (AiP) for the design of an ammonia-capable, LNG-fueled Panamax bulk carrier developed by the Green Ship Planning and Design Center (GSC). Ammonia is to be used as a marine fuel for decarbonization because it does not emit any CO2 when burned. …

Read More »

MAN Energy is supplying ME-GI engines for CLdN’s new RoRo ships

MAN Energy Solutions has receive an order from the Luxembourg-based shipping group CLdN to supply ME-GI engines for two new roll-on/roll-off (RoRo) vessels. Under the contract, the company will supply four dual-fuel MAN B&W 6S60ME-GI engines for two 8,000 meter hybrid vessels. The 234 m long RoRo ships are expected …

Read More »

Defense silently acquires Pacific Support Vessel

The defense has spent $93 million to acquire a used 5,204-ton offshore support vessel currently at anchor in the Canary Islands, replacing the “big-hulled” naval vessel that then-Defense Secretary Christopher Pyne said was it would be built in Western Australia in 2018. While Senate Estimates in October 2021 were told …

Read More »

Oil rebounds as supply concerns dominate

An employee holds a sample of crude oil at the Yarakta oil field, owned by Irkutsk Oil Co, in Irkutsk region, Russia, March 11, 2019. REUTERS/Vasily Fedosenko Sign up now for FREE unlimited access to Reuters.com to register IMF lowers global growth forecast by almost 1 percentage point OPEC+ supply …

Read More »

Supply chain issues China: Problem exacerbated by cargo ship jamming off Shanghai port

The number of cargo ships waiting outside the port of Shanghai has increased fivefold due to challenges arising from the city’s lockdown. Australian consumers could face higher prices, longer delivery times and a tight supply as the lockdown in Shanghai paralyzes the world’s busiest port. Strict testing protocols, a workforce …

Read More »

Hybrid electric biomass fuel carrier for ABB

One of the Japanese shipping industry‘s most significant initiatives towards net zero is e5 Lab Inc., a consortium consisting of Asahi Tanker Co., Ltd., Exeno Yamamizu Corporation, Mitsui OSK Lines, Ltd. and Mitsubishi Corporation, with the aim of developing regeneratively powered merchant ships. e5 Lab recently unveiled ROBOSHIP – a …

Read More »

The episcopal mass on board a cargo ship brings joy to the crew, who yearn for the liturgy

ABOARD THE STAR TRUST — Shortly after Bishop William E. Koenig of Wilmington, Delaware, finished his first Mass aboard a refrigerated ocean cargo ship off the Delaware coast, he chatted with a group of Filipino crew members who were attending Mass together for the first time attended months. “What’s your …

Read More »

NSML signs pact with NDA on maritime training | The Guardian Nigeria News

Apr 8 Nigeria is losing its seafarers to foreign employers due to strict working conditions such as deducting taxes and pensions in dollars. Apr 8 Download logo President Uhuru Kenyatta has reiterated the government’s commitment to continue to implement programs aimed at aligning Kenya’s military training with today’s security and …

Read More »

In a push for co-ops and condominiums, the state budget supports wind farms

For New York City Co-op and condominium boards struggle to cut their buildings carbon emissions enough to meet the strict requirements Climate Mobilization Act, the state’s $220 billion budget for 2022-23 contains some welcome news. Crain reports that the budget primarily includes a record-breaking investment in renewable energy and in …

Read More »

Ukraine is grounding cargo “megaplanes” and straining global supply chains

The latest disruption to the supply chain as a result of the war between Russia and Ukraine is the shutdown of Antonov planes, Ukrainian cargo “megaplanes”.The Wall Street Journal Google Your News Update podcast said on 14. Ben Katz, The Wall Street Journal Aviation reporter, shared insights with colleague Luke …

Read More »

Commodity shipping stocks outperform the Dow transportation average

The Dow Jones Transportation Average has fallen 11% since late March on fears of a slowdown in domestic demand. Container shipping inventories were pulled down along with domestic transport. Not so with commodity mail order stocks, which have very different drivers. Tanker, gas transport and dry bulk shipping stocks are …

Read More »

DSIC secures AiP from LR for vessels fueled with ammonia

The new bulk carrier will run on carbon-free marine fuel. Photo credit: Lloyd’s Register Group Services Limited. China-based Dalian Shipbuilding Industry Company (DSIC) has receive the approval in principle (AiP) of the British shipping classification society Lloyd’s Register (LR) for their ammonia fueled bulk carrier concept called Newcastlemax. LR leverages …

Read More »

Offshore Supply Vessel (OSV) Market 2022 Size, Share, Growth, Trends, COVID-19 Impact Analysis and Forecasts to 2028

The global offshore support vessels market size has been estimated at USD 22.27 billion in 2021 and USD 23.66 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.40% to reach US$34.33 billion by 2028. Offshore Support Vessels (OSV) Market 2022-2028 A new …

Read More »

Ever Forward ship stuck in Chesapeake Bay, Maryland amid environmental fears

ANNAPOLIS — The topic during Wednesday’s Board of Public Works meeting was wetland licenses, but comptroller Peter Franchot brought up what everyone was thinking about: the boat. The Ever Forward, the huge container ship stuck in the Chesapeake Bay that had been a headache for the U.S. Coast Guard, the …

Read More »

Analysis of the impact of the Ukraine crisis on Taiwan’s semiconductor industry

As the war between Russia and Ukraine continues to escalate, some have questioned whether the Taiwan semiconductor powerhouse will be affected. However, since Russia is not a major market for Taiwan’s foundry industry, TrendForce notes that the direct impact of sanctions on Russia on Taiwan’s foundries is likely to remain …

Read More »

Anchor Handling Tug Supply Vessels Market size, scope and forecast

New Jersey, United States – That Anchor Handling Tug Supply Vessel Market The report offers a comprehensive overview of important aspects that will drive market growth such as: B. Market drivers, restraints, prospects, opportunities, restraints, current trends, and technical and industrial advancements. The detailed study of the industry, industrial sector …

Read More »

The pet market has nearly doubled since 2020 – CBS Philly

MEDFORD, NJ (CBS) — In the last two years, the overall US pet market has almost doubled. Pet food, treats and supplies, veterinary services and everything else we buy for our pets are more expensive, with the biggest increase coming in recent months. Pet food manufacturers have passed frequent price …

Read More »

Truck drivers are feeling the effects of “enhanced” DPS inspections

PHARR, Texas (ValleyCentral) – Local business owners experienced hour-long traffic jams on the Pharr International Bridge on Friday. The Pharr Bridge has seen the immediate impact of Gov. Greg Abbott’s order for the Department of Public Safety to conduct “enhanced” inspections of all commercial vehicles at all ports of entry. …

Read More »

Pas natural gas may not help Europe replace Russian supplies

Europe has been clamoring to buy more American natural gas in response to Russia’s invasion of Ukraine. As the second largest natural gas producer in the country, Pennsylvania is going to win, right? Not necessarily. Some oil and gas industry experts say that while Pennsylvania is a major producer in …

Read More »

Greece has backup plan if Russia shuts down energy supplies

Greece has alternative plans that can be implemented immediately if Russia halts natural gas supplies, Environment and Energy Minister Kostas Skrekas told the 7th Delphi Economic Forum on Friday. Some of the plans include the addition of a new floating liquefied natural gas (LNG) facility at the Revythoussa terminal off …

Read More »

New Coast Guard operation underway to rescue ship

ANNAPOLIS, MD. – After all attempts to free the Ever Forward cargo ship stuck in the Chesapeake Bay were unsuccessful, officers changed course. The Coast Guard launched an operation on Friday to remove cargo containers from the ship to make it lighter. The first containers will be removed from the …

Read More »

The latest attempt to free the Ever Forward cargo ship in the Chesapeake Bay begins Saturday

A new effort aimed at removing 500 shipping containers from the Ever Forward begins Saturday. The ship has been stuck in the Chesapeake Bay since March 13. Tugboats Atlantic Enterprise (left) and Atlantic Salvor (right) use lines to tow the container ship Ever Forward, which ran aground in the Chesapeake …

Read More »

Ardmore Shipping: Maritime Partners and Element 1 have received Marine Money’s 2022 Deal of the Year award

“A first of its kind in shipping, and perhaps a first of its kind, period…” Ardmore’s $40 million 2021 offering with Series A funding of 8.5% was deemed by judges at this year’s Marine Money’s deal “artistic transaction” denotes year awards. The transaction between Ardmore Shipping, Maritime Partners and Element …

Read More »

UK calls for revival of North Sea oil and natural gas development to reduce Russian imports

The UK government on Thursday unveiled an energy security strategy to reduce its reliance on fossil fuel imports that would revive offshore oil and gas production in the North Sea. The nation, like others in Europe, is trying to rid itself of Russian oil and natural gas imports. Their strategy …

Read More »

Finland and Estonia are eyeing a floating LNG terminal to ensure supplies

HELSINKI (AP) — Finland and Estonia announced on Thursday that they are jointly planning to rent a floating liquefied natural gas, or LNG, terminal to ensure supplies in the two countries in a bid to break energy dependency on neighboring Russia. Finnish Economy Minister Mika Lintila and his Estonian counterpart …

Read More »

New effort underway to free a cargo ship that has been stuck in the Chesapeake Bay for 3 weeks

After two failed attempts, a new attempt was launched Wednesday to extricate a 130-ton, fully loaded cargo ship that has been stuck in the mud of Maryland’s Chesapeake Bay for more than three weeks. US Coast Guard officials said two large cranes and two barges would be moved to where …

Read More »

Harlem Globetrotters of Offshore Wind will put a new spin on the energy transition: Cole von Corio

Even for one of the fastest rising stars of the energy transition, the offshore wind industry, meeting the International Energy Agency’s forecast of 2 TW of turbines spinning by 2050 – out of the 49 GW currently installed – is an inevitable daunting task. But for Jonathan Cole, who came …

Read More »

Freight haulers are feeling the heat of the nationwide fuel shortage

Shipping & Logistics Freight haulers are feeling the heat of the nationwide fuel shortage Wednesday 06 April 2022 Vans ponder their next move at a gas station in Jomvu, Mombasa. PHOTO | LABAN VALLOGA | NMG By GERALD ANDAEMore from this author Summary The government and oil marketers have been …

Read More »

Europe warms to Russian shipping blockade

Issued on: 04.05.2022 – 16:38 Helsingborg (Sweden) (AFP) – After several days of delays and uncertainty, the Baltic Performer, a blue cargo ship loaded with bananas from Ecuador, finally docked under gray skies in the port of Helsingborg in southern Sweden. One of Sweden’s two largest dockers’ unions, the Swedish …

Read More »

Sea freight rates reach record highs

MEAT processors are grappling with another round of rising ocean freight rates for refrigerated and frozen containers leaving Australia this year, further eroding margins. “Freight rates for container exports have gone through the roof in recent weeks,” a disgruntled export processor told Beef Central this morning. “Costs have increased by …

Read More »

Kongsberg Maritime wins two offshore wind contracts

Kongsberg Maritime (KM) has been awarded two orders, one with Integrated Wind Solutions (IWS) to supply two Commissioning Service Operation Vessels (CSOVs) with integrated equipment solution and the other with Sembcorp Marine to supply the Wind Turbine Installation Vessel (WTIV). comprehensive technology package. Under the contract with IWS, KM will …

Read More »

Isle of Man Shipping Registry and FuelTrust sign memorandum of understanding to validate green ships

Ship Registry (right). ” class=”img-responsive ” id=””/>Image of Darren Shelton, Chief Product Officer of FuelTrust (left) and Cameron Mitchell, Director of the Isle of Man Ship Registry (right). Published April 3, 2022 23:47 by The Maritime Executive [By: FuelTrust] …

Read More »

Top MD News: COVID Vaccine Murders, Best Hospitals, School Drugs

MARYLAND — This week’s top news in Maryland included edibles given out as candy at two schools, sending students to the hospital; seven hospitals made Newsweek’s list of the best hospitals in the US; a native of Gaithersburg won an Oscar for Best Animated Feature “Encanto”; and efforts continue to …

Read More »

Egypt turns to Suez Canal to boost revenues

ISMAILIA, Egypt — As Russia’s war in Ukraine continues to put pressure on Egypt’s economic and financial health, Cairo has turned to the Suez Canal to help it deal with the crisis. The strategic waterway, one of the most important maritime arteries in the world, represents an important source of …

Read More »

Russia-Ukraine War News: Live Updates

War in Ukraine: What you need to know The newest: The International Committee of the Red Cross will make another attempt on Saturday to evacuate civilians from the war-torn port city of Mariupol after Friday’s effort stalled due to “impossible” conditions. Around 100,000 people remain trapped in Mariupol, according to …

Read More »

Thor Pedersen arrives in Australia without a flight after eight years of traveling around the world

Torbjørn “Thor” Pedersen has traveled to almost every country in the world, with one important caveat: he’s never arrived by plane. Core items: Thor Pedersen has visited 196 countries during his eight-year journey He arrived in North Queensland on Friday by cargo ship The traveler was stuck in Hong Kong …

Read More »