When discussing ship design, the maritime industry has been tossing around a number of new terms and definitions. Sustainability, alternative fuel “ready”, digitization and lifecycle are a few of the terms becoming more commonplace amid the industry’s ...
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Saltchuk Takes Anther Run at OSG Takeover
Seattle-headquartered Saltchuk Holdings has renewed its bid to take over Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla.Privately-held Saltchuk—OSG’s largest shareholder—had previously offered…...
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World’s Largest Cruise Ship Sets Sail, Bringing Concerns About Methane Emissions
The world's largest cruise ship is set for its maiden voyage on Saturday, but environmental groups are concerned that the liquefied natural gas-powered vessel - and other giant cruise liners to follow - will leak harmful methane into the atmosphere.Roy...
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Russia Eases Harsh Weather Restrictions to Boost Oil Exports
Russian ports are operating during more severe storms and easing restrictions for non ice-class vessels during winter, traders said and regulations showed, in an attempt to boost exports following disruptions from Western sanctions and harsh weather.Fo...
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Crounse Takes Delivery of New Towboat from Conrad
Paducah, Ky. headquartered Crounse Corporation announced it has taken delivery of a new 6,034-horsepower towboat built by Conrad Shipyard, based in Morgan City, La.The 166- by 48- by 12-foot Alice is named after the company’s first vessel that began op...
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Sri Lankan Trawler Rescued from Somali Pirates
Six crew members of a Sri Lankan fishing trawler hijacked by suspected Somali pirates have been rescued, Sri Lankan officials said on Monday.The hijacking on Sunday was the latest in a series of attacks that have fueled fears of a resurgence of Somali ...
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Danish Frigate Departs for the Red Sea
Denmark on Monday sent a frigate to the Red Sea, where it will participate in a U.S.-led coalition to safeguard commercial traffic against attacks by Yemen's Houthi militants.The Iran-aligned Houthi have launched waves of exploding drones and missiles ...
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Maersk Names Charles van der Steene President for North America
A.P. Moller - Maersk (Maersk) announced it has appointed Charles van der Steene as the new Regional President for North America, effective February 1, 2024. With the move, van der Steene will join the company’s Executive Leadership Team.A logistics ind...
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Tanker Ablaze After Being Struck by Houthis in the Red Sea
Yemen's Houthi rebels on Friday stepped up attacks on vessels transiting the Red Sea, including a hit on a fuel tanker operated on behalf of trading firm Trafigura that sparked a fire.Trafigura said that the fuel tanker Marlin Luanda, which was operati...
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Freeport LNG Unit Faces Month-long Outage
U.S. liquefied natural gas (LNG) company Freeport LNG said on Friday it expects one of three liquefaction units at its Texas plant will be out of service for about a month after it faced a technical issue during last week's Arctic freeze.This…
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