China Merchants Heavy Industry (CMHI) has ordered six small-bore, seven-cylinder 21/31DF-M, methanol-burning gensets in connection with the construction of 2 × 9,300 ceu (car equivalent units) PCTCs for China Merchants Energy Shipping (CMES).The…
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Biden’s Five-year Offshore Oil Plan to Have Historically Few Lease Sales
The Biden administration's five-year plan for offshore oil and gas leasing will not include any sales in 2024 and will feature the lowest number of auctions in the history of the program in the four years to follow, according to three sources…
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OSG Pledges $30,000 for Women Offshore Scholarships
Tampa, Fla. based shipping company Overseas Shipholding Group, Inc. (OSG) continues its efforts to remove financial barriers for women entering the maritime industry with a scholarship pledge in the amount of $30,000. The scholarship funds will…
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Joint Venture to Develop First LNG Ship Bunkering Hub in US Gulf
A joint venture is developing the first dedicated liquefied natural gas (LNG) bunkering facility for ships in the U.S. Gulf amid efforts by the maritime industry to find cleaner fuel solutions, executives said on Thursday.Shipping, which accounts…
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Offshore Wind Vessels: Fixed vs Floating
How will vessel requirements in the emerging floating offshore wind industry differ from those in the existing fixed-bottom segment? Philip Lewis, director of research at Intelatus Global Partners, weighs in.See the full interview here.
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No Restart for ExxonMobil’s California Offshore Platforms as Judge Upholds Tanker Trucks Ban
A U.S. judge on Wednesday refused to overturn a California county's decision to block Exxon Mobil Corp from using tanker trucks to ship crude oil from coastal facilities to inland refineries while a ruptured pipeline is fixed.U.S. District Judge…
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US Navy Destroyer Jack H. Lucas Departs Ingalls Shipbuilding
The U.S. Navy's first Flight III Arleigh Burke-class guided-missile destroyer Jack H. Lucas (DDG 125) departed HII’s Ingalls Shipbuilding division Tuesday. DDG 125 will be commissioned October 7, 2023 at a ceremony in Tampa, Fla., before sailing to its...
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ABS, Crowley Advance Augmented Reality Technology
U.S. shipping company Crowley and classification society ABS have entered an agreement to jointly explore how to advance the use of augmented and virtual reality technologies for vessels and other marine environments.The ABS partnership agreement…
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Baltic Dry Index Scales 11-month Peak
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to an 11-month high on Wednesday, driven by robust capesize rates.The overall index, which factors in rates for capesize, panamax and suprama...
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Diana Inks LOI to Order Methanol Dual-fuel Bulkers
Dry bulk shipowner Diana Shipping announced it has signed a letter of intent (LOI) to order through Marubeni Corporation or its guaranteed nominee, an unaffiliated third party, two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels…
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