Dutch firm Damen Shipyards said Tuesday it was working to develop a new class of vessel that will be capable of supporting the growing floating wind industry.Damen has cited forecasts which indicate that by 2050 over 200GW or around 13,500 units…
Read more
Italy’s Commissioner Confident in a Timely Decision on New FSRU
Italy's commissioner for the set up of a new regasification terminal is confident the infrastructure could get the green light by the end of October, in time for extending the country's LNG capacity at the beginning of 2023.Under the government's energ...
Read more
MARAD Announces Initiatives to Support Cargo Preference Compliance
Last week during testimony before the Subcommittee on Coast Guard and Maritime Transportation, MARAD Administrator Ann Phillips (Rear Admiral, USN, Ret.) announced two efforts intended to support federal compliance with cargo preference requirements.
Read more
Friede & Goldman WTIV Design Gets DNV Approval in Principle
An innovative wind turbine installation vessel (WTIV) design from Houston-based naval architecture and marine engineering firm Friede & Goldman (F&G) has earned approval in principle from classification society DNV.The review and AIP confirms…
Read more
Manson Construction Names Rodriguez CFO
Seattle-based marine contractor Manson Construction Co. announced Jon Rodriguez assumed the role of chief financial officer (CFO) effective August 15, 2022. Rodriguez will serve as Manson's third CFO in the last 30 years.“Jon is highly qualified…
Read more
Iran Preparing to Send Fuel Ships to Lebanon
Iran is ready to send ships loaded with fuel to Lebanon within one or two weeks to help run the country's power plants, the Iranian embassy in Beirut told Al-Manar TV as a Lebanese delegation was in Tehran to discuss energy cooperation.A Lebanese…
Read more
Gazprom Loads First Cargo from New Portovaya LNG Plant
Russia’s energy giant Gazprom has loaded its first cargo from the Portovaya liquefied natural gas (LNG) plant close to the Russia-Finland border, which has a capacity of 1.5 million tonnes per annum (mtpa).“The cargo was onboard the Pskov LNG vessel, w...
Read more
Baltic Dry Index Logs Best Week in Seven Months
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its best week in over seven months, largely driven by a 126% weekly gain in the capesize vessel segment.The overall index, which factors in rat...
Read more
Canal Barge Gets $51 Million Title XI Loan
New Orleans-based Canal Barge Company, Inc. has received a Federal Ship Financing Program (commonly known as “Title XI”) loan guarantee amount of $51,458,000 over 25 years for three new towboats and 17 new barges, the U.S. Department of Transportation’...
Read more
Amogy Ammonia-to-power System Receives LR Approval in Principle
Brooklyn, N.Y.-based Amogy said its ammonia-to-power system has received approval in principle (AIP) from classification society Lloyd’s Register, marking a key step toward the zero-emission solution's commercial use in maritime vessels. The system cra...
Read more