In its weekly report on ship recycling, GMS reports that after the brief lull, levels have spiked in the sub-continent once again last week, pushing above $600/LDT on most available units once again.According to GMS, the current diet consists primarily...
Read more
Siemens Gamesa to Open Offshore Wind Turbine Blade Plant in Virginia
Offshore wind turbine maker Siemens Gamesa Renewable Energy will open the first offshore wind turbine blade facility in the United States.The company on Monday held a launch ceremony with representatives from state and local government authorities…
Read more
Sea Machines Hires Trevor Vieweg for New CTO Position
Boston-based Sea Machines Robotics, a developer of autonomous command and control systems for commercial vessels, announced Monday that it has hired Trevor Vieweg as chief technology officer (CTO), reporting to the company’s CEO Michael G. Johnson.
Read more
Russian, Chinese Warships Hold First Joint Patrols in the Pacific
Russian and Chinese warships held their first joint patrols in the western Pacific Ocean over the past week, Russia's defense ministry said on Saturday, a move Japan said it was monitoring.Moscow and Beijing, which staged naval cooperation drills in th...
Read more
Sumitomo Selects Light Structure Hull Monitoring for Aframax Tanker Pair
Light Structures AS and Japanese shipbuilder Sumitomo Heavy Industries Marine & Engineering (SHI-ME) entered into an agreement for delivery of comprehensive hull stress and fatigue monitoring systems on two newbuild 115,000 DWT Aframax crude…
Read more
FSRU: Nakilat, Karpowership sign MoU
Nakilat and Karpowership signed a Memorandum of Understanding (MoU) to collaborate in the LNG-to-power market and jointly own and operate Floating Storage Regasification Units (FSRUs)."This fits very well with Nakilat’s long-term growth plan…
Read more
LNG Demand to Rise 25-50% By 2030 – Morgan Stanley
Demand for liquefied natural gas (LNG) is expected to rise by 25 to 50% by 2030, making it the fastest growing hydrocarbon over the next decade, analysts from Morgan Stanley Research said in a note on Monday.Morgan Stanley has raised its long…
Read more
Wallem Group Makes Interim CEO Pick Permanent
John-Kaare Aune has been appointed Chief Executive Officer at Wallem Group, effective October 1, 2021, after a successful term as Interim CEO.He joined Wallem in 2019 as Managing Director, Shipmanagement, andtook over as Group CEO on an interim…
Read more
Shipping Industry’s GHG Emissions to Rise without Carbon Levy
The global shipping industry is on course to see its greenhouse gas emissions rise by around a fifth by 2050 if action including introducing a carbon levy on fuel is not taken, new research backed by industry leaders shows.With about 90% of world trade...
Read more
Model Testing Complete for Delta Offshore Energy’s 3.2GW LNG-to-Power Project
Delta Offshore Energy (DOE), a company working to develop the 3200 MW Bac Lieu LNG-to-Power Project in Vietnam, has said that model testing of the LNG receiving terminal technology has been successfully completed.As previously reported DOE Delta…
Read more