Bureau Veritas (BV), the Shanghai Merchant Ship Design & Research Institute (SDARI) and NAPA have completed the first phase of a Joint Development Project (JDP) to enable 3D model-based approvals for the classification of ships. The project…
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Equinor’s Economic Boost to Local Industry Increases
A new report shows that deliveries to exploration, operation and modification of Equinor-operated fields and onshore plants in Norway exceeded 93 billion NOK in 2022, an increase of approximately 13% from the previous year.The report was presented…
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US Approves Equinor and BP’s Empire Wind Offshore Project
The U.S. Department of the Interior on Thursday approved the Empire Wind offshore project, owned by Equinor and BP, the sixth commercial-scale wind farm to be greenlit under President Joe Biden's administration.Empire Wind is among several offshore…
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Accelerating US CTV Market Development with Hybrid Solutions
As the world looks to renewable energy sources to combat climate change and reduce reliance on fossil fuels, offshore wind has emerged as a promising frontier in the United States. A report by the University of California Berkeley released in…
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Great Lakes Towing Buys Historic Fireboat
The Great Lakes Towing Company (GLT) announced it has acquired a 62-year-old fireboat from the city of Cleveland, Ohio.The vessel, Anthony J. Celebrezze, was constructed in 1961 by Paach Marine in Erie, Pa. and was used by the Cleveland Fire Department...
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Hijacked Galaxy Leader Ship in Yemen’s Hodeidah Port Area
The Galaxy Leader commercial ship was "illegally boarded by military personnel via a helicopter" on Nov. 19 and is now in the Hodeidah port area in Yemen, the vessel’s owner said on Monday."All communications were subsequently lost with the vessel…
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Two Ships Divert Course Away from Red Sea After Vessel Seized by Houthis
Two commercial ships that diverted their course in the Red Sea and Gulf of Aden were connected to the same maritime group whose vessel was seized by Yemen's Houthis, according to shipping data and British maritime security company Ambrey.Israel on Sund...
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Emerson Invests in Frugal Technologies
Automation technology and software company Emerson announced it has invested in Frugal Technologies, a Danish-based company that offers fuel optimization technologies that reduce energy use and emissions in shipping fleets.Frugal’s cloud-based…
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Diana Lines Up Time Charter with Bunge
Dry bulk shipowner Diana Shipping on Monday announced that it has lined up a time charter contract with agribusiness Bunge for one of its Ultramax dry bulk vessels, DSI Andromed—a 60,309 dwt Ultramax dry bulk vessel built in Japan in 2016.The charter…
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Weaker Capesize Rates Push Baltic Dry Index Lower
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, dropped to snap a seven-session winning streak on Monday, weighed down by lower capesize rates.The overall index, which factors in rates for capesize…
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