Major Asian buyers of LNG could seek US cargoes in the coming weeks if worker-related disputes at key LNG facilities in Australia escalate, analysts said, as electricity demand continues surge due to warm weather.Uncertainty over labour disputes…
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Shipyard Capacity: A Brake on Decarbonization?
The IMO’s latest crunch meeting in early July may not have aligned global shipping with mid-century targets established in the 2015 Paris Agreement. However, its 2023 Strategy indicates a clear direction of travel. Energy supplies by sea are…
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AMSC Sells Tanker Business
American Shipping Company (AMSC) has signed a deal with Project Merchant Acquisition LLC, a newly-formed company owned and controlled by a fund managed by Maritime Partners, for the sale of its subsidiary American Tanker Holding Company.Pål Lothe Magnu...
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OSM Thome and PGS Collaborate on Ammonia-Fuelled Vessels
Norwegian companies OSM Thome and Pherousa Green Shipping (PGS) have entered into a Letter of Intent outlining their collaboration on six 63,000dwt Ultramax bulk carriers to be ordered by PGS.The collaboration involves Phases I, II, and III…
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Second Inland Container Ship Chosen to Run on Fuel Cells
Future Proof Shipping is readying a second container ship for hydrogen propulsion.The FPS Waal arrived at the Holland Shipyards Group shipyard in Werkendam this week where its retrofit to a zero-emission hydrogen-powered vessel will commence.All…
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Maersk Tankers to Manage Astomos VLGCs
Astomos Energy, the biggest LPG distributor and trader in Japan, has chosen Maersk Tankers as voyage manager for, initially, five very large gas carriers (VLGCs).The Maersk Tankers service includes day-to-day vessel operations, fuel optimisation and cl...
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NOIA Unhappy About Rice Whale Protection Recommendations
National Ocean Industries Association (NOIA) President Erik Milito has said that the Bureau of Ocean Energy Management (BOEM) issue of a Notice to Lessees (NTL) with recommended restrictions on ongoing industry activities within the expanded…
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Ferry Loses Rudder After Running Aground in Maine
A Maine State Ferry Service vessel was damaged after running aground off the coast of Vinalhaven on August 16.The car and passenger ferry Captain Richard G. Spear was pulling away from Vinalhaven to start a trip to Rockland shortly after 10:30 a.m. whe...
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No Clear Winner in US, China Contest in the Pacific
The United States opened international aid offices in the Pacific Islands this week, bolstering support for the strategic region and pitting it more forcefully against China, which has been providing infrastructure loans to the area for years.The vast ...
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Boston Ship Repair Awarded $13.8 Million MSC Job
Boston Ship Repair has been awarded a contract for the regular overhaul and dry docking of Military Sealift Command’s (MSC) expeditionary fast transport USNS Burlington (T-EPF 10).The $13,824,169 firm-fixed-price contract includes a base period and tw...
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