Tuesday, April 16, 2024
MORE TOP STORIES
Decarbonization

America's Ports Want to Decarbonize, But Cost & Grid Power Remain Hurdles

Published Apr 15, 2024 7:26 PM by The Maritime Executive

  The American Association of Port Authorities has completed a survey of its members' decarbonization efforts, in cooperation with ABS. The responses reveal that most U.S. ports have plans to reduce their emissions, often driven by internal commitment to change their operations - but challenges remain.  All of AAPA's member ports were surveyed, and 29 ports and terminals responded to the questionnaire. Two out of three respondents said that they have formal goals to decarbonize their operations; many in the...

Continue Reading...
HMM containership

HMM Accelerates Strategy with Plans for Container and Dry Bulk Growth

Published Apr 15, 2024 6:41 PM by The Maritime Executive

  HMM announced plans to accelerate its expansion efforts focusing on both its container shipping and dry bulk operations in a move designed to double the size of the operation by 2030. This comes after the state-controlled banks shelved plans to privatize the carrier and as the Korean government signaled plans to provide further financial support to the shipping industry. “We plan to build a stable portfolio by expanding the bulk and integrated logistics business, focusing on the container business,”...

Continue Reading...
grounded tanker

Egypt Detains Gas Carrier After Grounding in Environmental Preserve

Published Apr 15, 2024 5:15 PM by The Maritime Executive

  Egyptian authorities are detaining a Liberian-registered gas carrier after the vessel grounded in an environmentally sensitive area in the Gulf of Aqaba. Salvage teams were able to refloat the vessel and move it into a secure anchorage near Safaga, Egypt in the Red Sea. The Claudia Gas, a 16,000 dwt vessel built in 1990, had completed offloading in the Jordanian port of Aqaba and was reportedly sailing to Russia when the vessel blacked out on Friday, April 12. It...

Continue Reading...
Charybis WTIV

First U.S. WTIV is Launched in Texas for Dominion Energy

Published Apr 15, 2024 4:23 PM by The Maritime Executive

  The U.S. offshore wind sector marked another milestone with the launch of the first U.S. wind turbine installation vessel, which is being built for Dominion Energy. It is the latest example of the benefits to the shipbuilding industry from the emerging offshore wind sector. Work on the vessel which will measure 472 feet in length when completed began in December 2020. Dominion reports welding of the ship's hull and commissioning of the vessel's four legs and related jacking system...

Continue Reading...
MORE STORIES BY CATEGORY

Offshore

cable layer

First US Cable Layer Planned to Fill Gap in Offshore Wind Sector Capability

  Looking to fill another gap in the capabilities needed for the U.S. offshore wind energy sector, a startup called Kalypso Offshore Energy announced plans to build the first U.S. cable vessel. The company reports it will be an innovative Cable Lay Vessel that will be Jones Act compliant for the offshore wind market. Kalypso was launched in 2023 and looks to develop to meet the opportunities in the emerging offshore wind market. Their first step is a letter of...

Continue Reading...

Shipbuilding

Russian President Vladimir Putin tours Zvezda Shipyard, before the invasion (file image courtesy of the Kremlin).

Under Heavy Sanctions Pressure, Putin Orders Review of Russian Shipyards

Western sanctions have been delaying Russia's civilian shipbuilding industry since the invasion of Ukraine began, and the problem is not getting any better for Russian shipping interests, according to state-owned media.  Government-controlled Rossiyskaya Gazeta reports that about eight out of ten Russian ships currently on order might not deliver in the foreseeable future. Out of the 49 that will likely deliver in the year ahead, more than half will need to be redesigned in order to work around the lack...

Continue Reading...

Environment

Bleaching

A New Global Coral Bleaching Event is Under Way, and May Be the Worst Yet

  Reports of serious coral bleaching at Australia's Great Barrier Reef, the coast of Florida, and the South Pacific have been building for months, and NOAA scientists have now declared a global bleaching event. It is the second in ten years and the fourth on record. The event spans from February 2023 until the present, starting at about the same time that global sea surface temperatures began to set new daily records every day. Widespread bleaching has been reported on...

Continue Reading...

Business

HMM containership

HMM Accelerates Strategy with Plans for Container and Dry Bulk Growth

  HMM announced plans to accelerate its expansion efforts focusing on both its container shipping and dry bulk operations in a move designed to double the size of the operation by 2030. This comes after the state-controlled banks shelved plans to privatize the carrier and as the Korean government signaled plans to provide further financial support to the shipping industry. “We plan to build a stable portfolio by expanding the bulk and integrated logistics business, focusing on the container business,”...

Continue Reading...