The U.S. Department of Energy (DOE) announced $59 million to accelerate the production of biofuels and bioproducts to reduce emissions in industries such as maritime.The department said it is focused on applied research, development and deployment…
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Thyssenkrupp Acquires MV Werften’s Wismar Shipyard
Thyssenkrupp's defense division hopes to start building for the German navy from 2024 at a shipyard in Wismar, northern Germany, once owned by insolvent MV Werften, its head said on Friday after it bought the site.Chancellor Olaf Scholz, in a policy sh...
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Holland Shipyards Delivers Hybrid Ferry Wik to SFK
Holland Shipyards Group announced it has handed over a third hybrid ferry, Wik, for Schlepp- und Fahrgesellschaft Kiel (SFK) in Germany.After the previous delivery of the hybrid ferry Gaarden in July 2020, Holland Shipyards Group was awarded…
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US Names New Members to Maritime Transportation System National Advisory Committee
U.S. Transportation Secretary Pete Buttigieg this week announced the appointment of 25 new members to the Maritime Transportation System National Advisory Committee (MTSNAC). The MTSNAC Charter will advise the Secretary, through the Maritime Administra...
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Disney Cruise Line Takes Delivery of Disney Wish
Disney Cruise Line has taken delivery of the 144,000 GT Disney Wish, its first new cruise ship in more than a decade.The fifth ship in the Disney fleet, the liquefied natural gas (LNG)-fueled vessel was built by German shipyard Meyer Werft and…
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Indonesia Investigating Report Navy Asked for Payment to Release Tanker
Indonesia's head of the armed forces said on Friday that he is investigating a Reuters report that navy officers asked for a payment of $375,000 to release a fuel tanker detained last week on suspicion of anchoring illegally in its waters.Navy officers...
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Lebanon’s Hezbollah Says Could Disrupt Start-up of Energean’s Karish Gas Field Over Maritime Dispute with Israel
The head of Lebanon's Hezbollah said on Thursday that his group could stop Israel from extracting gas from a maritime field that Beirut says lies in disputed waters, adding Hezbollah is "not afraid of war."Lebanon warned Israel on Sunday against…
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2050 Not Achievable Without Carbon Capture, says ABS’ Wiernicki
“Carbon capture is going to be a key transformational technology for shipping to achieve net zero emissions by 2050. It will be critical to addressing the challenge before us, which is the sheer gradient of the curve. At the moment we can only see the ...
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Towboat Runs Aground in Florida
A towboat suffered a hull breach after running aground in the Okeechobee Waterway, near Clewiston, Fla.The captain of the 46-foot towing vessel Catherine notified U.S. Coast Guard Sector Miami watchstanders at approximately 8:30 p.m., Friday…
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The ZouZou: MII to the Rescue?
A ship financier’s primary security is the mortgaged ship. If the ship becomes a total loss, the mortgage will provide no valuable security, leaving the financier to rely on its rights as assignee and loss payee (and occasionally as co-assured) under t...
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