Monthly Archives: June 2022

Shell Prelude LNG loading suspended for at least 2 weeks, worsening global supply

The logo of Royal Dutch Shell is pictured during a launch event for a hydrogen electrolysis plant at Shell’s Rheinland refinery in Wesseling near Cologne, Germany, July 2, 2021. REUTERS/Thilo Schmuelgen// Sign up now for FREE unlimited access to Reuters.com to register Extensive industrial action delays LNG shipments The last …

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Jeff Bezos plans to land missiles on a ship named after his mother

sorry mom! Bezos, son of Jacklyn Blue Origin CEO Jeff Bezos has canceled plans to convert a used ocean freighter – which he had already renamed after his mother Jacklyn Bezos – into an at-sea missile recovery station. CNN business reports. Bezos, who originally purchased the 600-foot cargo ship in …

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The ferry service to the Aran Islands will be sold to a competing operator when the owner disembarks

News about ferries and car ferries The Irish Sea ferry industry is like any other sector of the shipping industry in that it is made up of a multitude of ship operators, owners, managers and charterers, all of whom help to provide a network of routes operated by a multitude …

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Rhode Island sets fastest state goal of 100% renewable energy by 2033

In June, the Rhode Island House and Senate passed legislation, expected to be signed into law by Gov. Daniel McKee (D-RI), mandating that all of the state’s electricity must be offset by renewable energy by 2033 — the fastest timeline of all States in the US. How Rhode Island will …

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Cargo ship: Minister of Shipping aims for zero waiting times in major ports

Waiting times in India’s major ports are expected to be drastically reduced if Shipping Minister Sarbananda Sonowal’s ambitious targets are met. “There should be no waiting times for incoming and outgoing cargo. That means there should be no waiting for ships and trucks,” Sonowal said at a Shipping Ministry chintan …

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Minister of Transport wants to tackle container deposits and high dwell times for freight

Minister of State for Transport Senator Gbemisola Saraki said on Wednesday she would put in place procedures to ensure shipping companies promptly refund container deposits paid by importers and agents. During an interactive meeting with maritime stakeholders, including terminal operators, shipping companies, freight forwarders and others, in Lagos, Saraki frowned …

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Offshore Wind Power Market Share by Application 2022-2028 – Siemens, Gamesa, Hitachi, Senvion, Goldwind, Envision, Shanghai Electric, BARD – Indian Defense News

Global Offshore Wind Power Market 2022, During the forecast period 2022 to 2028, each type provides data on the sales. The Offshore Wind Energy Market analysis looks at the characteristics and financials of the leading market players. This comprehensive research is useful not only for the business analysts but …

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Oil suffers second weekly loss as analysts differ on inflation and demand

Meanwhile, Nigeria says OPEC has little capacity to ramp up production: File Image/Pixabay Despite an extraordinarily tight crude oil market, fears of inflation-driven demand destruction led oil to suffer its first straight weekly loss since April on Friday, with West Texas Intermediate falling 1.7 percent. However, the losses were reportedly …

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Zero-emission hydrogen cargo airship prototype planned for 2025

H2 Clipper presents a very compelling argument to bring back a highly controversial technology, saying that large electric airships, lifted and powered by green hydrogen, are ready to move massive cargo loads over enormous distances much faster than cargo ships and so inland logistics facilities with minimal ground to develop …

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Beans blown by the wind offer emission-free coffee

More and more companies are turning to wind-powered sailboats to enable low-carbon transportation and green coffee. Last December, the two-masted schooner Avontuur loaded 22 tons of organic Colombian coffee from the port of Santa Marta. With a crew of 16, it crossed the Atlantic over the course of two months …

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Vår Energi is making organizational changes

offshore staff SANDNES, Norway — Norwegian major Vår Energi has announced a new organizational structure and management team. CEO Torger Rød said the company’s goal is to produce 350,000 boe/d (net) by the end of 2025. Under the new structure, Technology, Drilling and Subsurface form a new business unit focused …

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Wärtsilä supplies hybrid propulsion technology for Stena RoRo ships

Stena RoRo and Brittany Ferries have designed and developed the new RoPax ships. Photo credit: Wärtsilä. Finnish technology company Wärtsilä has won an order to supply its hybrid propulsion system for three new RoPax ferries under construction for Swedish company Stena RoRo. The new ships will be chartered to Brittany …

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Lifeboat drill went awry, 2 injured, partly from corroded equipment, safety panel found

The Transportation Safety Board (TSB) has completed its investigation into a lifeboat accident that seriously injured two crew members in Vancouver’s English Bay nearly two years ago. The men were in the lifeboat on the Blue Bosphorus Cargo ship for an exercise on December 1, 2020. The lifeboat suddenly broke …

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Beyond Energy, 5 ETFs to launch this year – June 21, 2022

2022 has been the worst for the stock market in decades as the S&P 500 index has been in bear territory for the past week. Decades of inflation, Russia’s invasion of Ukraine and tightening monetary policy have resulted in turbulent trade. While the energy sector shines, other sectors are caught …

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Craig International signs major long-term deal with INEOS FPS

offshore staff ABERDEEN, UK — Craig International has secured a major order of INEOS Forties Pipeline System (FPS), potentially worth in excess of £20m. Following a competitive tender, Craig International has been awarded a five year contract (with two year options) to provide consolidated procurement services for INEOS FPS. This …

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The USDA continues to invest in major port improvements

Agriculture Secretary Tom Vilsack announced plans June 16 to increase capacity for exporting refrigerated and frozen agricultural commodities at the Port of Houston in Houston, Texas, to improve service to shippers of US agricultural issues. In addition, the USDA announced an expansion of its existing partnership with the Northwest Seaport …

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Hyundai’s autonomous ship is the first to undertake a transoceanic journey

This article is part of Future Explored, a weekly guide to world-changing technologies. You can get stories like this delivered straight to your inbox every Thursday morning by subscribe here. A main argument for autonomous vehicles is that they make roads safer by removing human error – by far the …

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Significant increase in shipments from Danube ports, but only with small vessels

Following the war between Russia and Ukraine, departures of bulk and general cargo vessels capable of carrying grain cargo from Ukrainian and Romanian Danube ports increased by 53% month-on-month to 1.8 million deadweight tons (dwt) in May 2022. with larger use of small general cargo ships. However, the total volume …

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The green jobs revolution will soon overtake Scotland, the government has warned

SCOTLAND is “one minute to midnight” and has little time left to benefit from a green jobs revolution, it has been warned. Union leaders say billions of dollars in investment are urgently needed and current regulatory regimes need to be significantly strengthened if the country is to reap real economic …

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opinion | In terms of inflation and the food crisis, the world can work together or fall apart

As is so often the case, it is the poorest countries that take the hardest hit, and history shows that hunger can quickly become fatal. Nigeria, Somalia, Ethiopia, Egypt and Yemen are already feeling the pain of food shortages, The Washington Post notes; Rising prices have sparked protests in Argentina, …

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Port of Saint John welcomes two new container cranes

The Port of Saint John hopes to become even more attractive to shipping companies as part of its revitalization project. The west side of the port is undergoing a major overhaul, with dredging going on to allow for larger ships and improved port facilities. The project also includes the addition …

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Could declining freight rates reduce the price pressure on promotional products?

The essentials The recent rapid drop in ocean freight rates is unlikely to result in lower prices for promotional products, industry leaders say. Meanwhile, the “stock glut” and slump in demand some retailers are experiencing aren’t problems with advertising, suppliers report. Freight rates are falling dramatically According to available …

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GM is open to further agreements with suppliers to ensure production of electric vehicles

With inflation and rising commodity prices, General Motors is planning strategic partnerships with suppliers to keep EV launches on schedule. GM CFO Paul Jacobson said the automaker will continue to form partnerships or invest in raw material suppliers to ensure GM has the parts it needs to meet a production …

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500hp Arc One electric speedboat reveals price, starts pre-orders

Los Angeles-based electric boat company Arc announced this morning that it has begun sales of its flagship Arc One electric speedboat, which the company describes as the “highest-performing electric watercraft commercially available.” The Arc One earns this power title comfortably, mainly due to two factors. First, it’s loaded to the …

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Generators can be a major source of methane slip on LNG vessels

GasLog Galveston (SHI) Published 14.06.2022 22:22 by The Maritime Executive A team led by researchers from Queen Mary University of London has completed the first comprehensive study of methane emissions from an LNG tanker, and the results are unexpected. The …

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Industry groups hail maritime reform passage after Biden criticizes ‘rip-off’

The American Trucking Association (ATA) and Consumer Brands Association (CBA) welcomed Monday’s passage of a new bill that will boost oversight of shipping and industry transparency. The Ocean Shipping Reform Act, which marks the first major overhaul of maritime regulations in 24 years, requires the Federal Maritime Commission to investigate …

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Latest draft of the cinema law: distribution of films in cyberspace by offshore service providers

On May 25, 2022, the Cinema Bill was (amended) (“draft law“) was discussed at the 3rd session of the 15th National Assembly. Compared to the version of the draft law previously presented to the National Assembly, this new draft contains many progressive changes, revising the regulations and presenting them in …

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Analysts fear that there is no end in sight to the rise in oil prices

Bottlenecks in Libya and high inflation add to the tightness: File Image/Pixabay Despite a broader market sell-off on Monday, oil prices managed a small gain on growing belief that even a recession would not ease supply constraints. On Monday the Nnorthern sea‘s Brent, Forties and Ekofisk were all bid at …

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Huge mysterious oil spill discovered off Swedish coast

According to the Swedish Coast Guard, a huge leak was discovered off the coast of Sweden, but the substance was unknown. The spill covered an area of ​​30 square miles in Finnish and Swedish waters in the Baltic Sea, The Guardian reported. “It is still not clear what the spill …

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Trans-Tasman shipping could boost trade and jobs, Maritime Union says

Monday June 13, 2022 4:26 pmPress release: Maritime Union of New Zealand The Maritime Union says the election of a Labor government in Australia could offer potential benefits for trans-Tasmanian shipping. Craig Harrison, national secretary of the Maritime Union of New Zealand, says the reintroduction of Australian- and New Zealand-flagged …

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The US hurricane season will be felt around the world this year

Placeholder when loading item promotions Tropical storms have a nasty habit of sweeping through the Gulf of Mexico and surrounding states during the warmest months of the year. In addition to their enormous potential human cost, they can shut down oil production and refining, pipelines and ports, and cause disruptions …

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Delivery times for orders decrease as inventories grow and demand uncertainty increases

Shipping lead times are reduced by 23% as businesses order fewer goods more often Chart of the week: Ocean TEU Booking Lead Times – All Ports to the USA SONAR: Container Atlas Order lead times — the time between order placement and estimated ship date for containerized imports — have …

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TAIFEX Launches Futures Tracking Taiwan’s Semiconductor, Shipping & Transportation Giants | Taiwan News

TAIPEI (Taiwan News) – The Taiwan Futures Exchange (TAIFEX) has unveiled two new futures tracking the motherboard’s most active semiconductor, transportation and shipping stocks, available for trading on June 27. The launch of Taiwan Semiconductor 30 Futures (SOF) and Shipping and Transportation Sector Futures (SHF) will allow investors …

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Corio Generation develops 2.5 GW offshore wind farm

Corio Generation is planning a major new offshore wind project in Australia called Great Eastern Offshore Wind. If approved for construction following ongoing feasibility studies and consultations with local stakeholders, the project could be one of the first tranche of offshore wind projects to be built in Australia. Located 22 …

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JIT arrivals of container ships can reduce emissions by 14% per voyage

According to a new study, container ships can reduce fuel burn and resulting carbon emissions by 14 percent per voyage by utilizing just-in-time (JIT) arrivals. JIT is an important tool that can help a ship achieve its required CO2 Intensity Indicator (CII) and associated CII rating under the International Maritime …

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VA middle school students write profiles to help adoptable dogs, rats

One worked at Gusteau’s Restaurant in Paris before boarding a cargo ship and entering the port of Virginia. Another dreams of playing in the NFL and winning the Super Bowl. And another wants to star in a science fiction film. The ambitious animals are up for adoption at the Portsmouth …

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Should you use Star Bulk Carriers Corp. (SBLK) sell in the maritime shipping industry?

With a rating of 92, Star Bulk Carriers Corp. (SBLK) close to the forefront of the maritime shipping industry InvestorsObserver. Star Bulk Carriers Corp. Earnings out of 92 means it reaches more than 92% of the stocks in the industry. Star Bulk Carriers Corp. also received an overall rating of …

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Offshore investments with minimal volatility

Market volatility has been the order of the day for the past six to eight months. This is even more true for clients who had investment portfolios with heavy offshore exposure. This is nothing out of the ordinary, and investing in a global investment portfolio requires investors to tolerate extreme …

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Inside the USS Zumwalt, the world’s largest destroyer

But the Zumwalts were plagued by problems. USS Zumwalt transits Fort Williams State Park with the Ram Island Ledge Lighthouse in the background en route to Portland Harbor in 2015. Derek Davis/Portland Portland Press Herald/Getty Images Despite their expense, the Zumwalts were plagued by equipment problems. Shortly after entering service …

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HEMEXPO highlights need for collaboration in new IOBE marine equipment report

Thanasis Athanasopoulos, Vice President of HEMEXPO (Image courtesy of HEMEXPO) A new report from HEMEXPO, Greece’s leading association of marine equipment manufacturers and exporters for the international shipping industry, outlines the ambitious goals the association has set itself to support the education and training of the next generation of marine …

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Malampaya loses 1,200MW supply contract from Ilijan – Manila Bulletin

The depleting Malampaya field lost the 1,200-megawatt Iljan plant as a major gas offtake (buyer) of its capacity as of June 6, as the buyer will no longer renew its expiring gas supply and offtake agreement (GSPA) with the consortium led by Shell Philippines Exploration BV The Ilijan facility is …

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US warship arrives in Stockholm for military exercises and as a warning

ABOARD THE USS KEARSARGE in Stockholm Harbor – If there was ever a powerful symbol of how much the Russian invasion of Ukraine changed Europe, the sight of this massive warship littered with 26 fighter jets and 2,400 Marines, Sailors and Between moored for pleasure craft and pleasure boats calling …

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The United Nations is expanding its search for illegal weapons on the high seas off Libya

UNITED NATIONS (AP) – The UN Security Council on Friday passed a resolution extending powers for countries and regional organizations to inspect vessels on the high seas off the coast of Libya suspected of violating the UN arms embargo on the in to disown a troubled North African nation. The …

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The French shipping group CMA CGM stops transporting plastic waste on board its ships

In a decision considered historic for the shipping industry, French conglomerate CMA CGM – the third-largest shipping company in the world – has announced that it will protect the oceans and biodiversity from 1 January 2020. If other shipping companies follow suit, there will be a significant impact on use …

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The sectors and stocks that can withstand supply chain shocks – Glenn Freeman

The numbers are pretty staggering. Supply chain chaos has hit two in three businesses in Australia, according to a survey conducted by the Australian Industry Group. And globally, in February, it took more than 10 times longer to get cargo from Asia to the US than it did across the …

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Houston Ship Channel Launches $1 Billion Expansion Project

The Port of Houston is finally moving dirt in a year-long, $1 billion project to deepen the Houston Ship Channel, the organization announced Wednesday. By the end of 2025, a giant dredger named Carolina will be digging the bottom of the canal, which stretches 52 miles from near downtown Houston …

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Boundary Layer wants to steal lunch from air freight and ship it by sea instead – TechCrunch

If you’ve ever spent time writing beat poetry about container ships chugging their way in and out of ports, “nimble” or “quick” probably won’t make it into your finely crafted written words. And if your (admittedly increasingly esoteric) poetic bent is more of an airfreight persuasion, “affordable” probably wasn’t in …

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Tax Free Foreign Exchange Earnings for Flagships on Maps

According to Treasury officials, the government has decided to grant tax exemptions to foreign exchange earnings of Bangladeshi-flagged seagoing vessels to earn US$3-4 billion a year from the upcoming fiscal year. Currently these local vessels have to pay 10% tax on their earnings. Ministry officials said the facility will remain …

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