Hycamite TCD Technologies, MOLEA, a subsidiary of Mitsui O.S.K. Lines, and MOL PLUS have signed a Memorandum of Understanding (MoU) promoting the application of methane-splitting for onboard power generation.With Hycamite’s technology, LNG-fueled ships...
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Schmidt Sciences Fosters AI Research
Schmidt Sciences has named 25 scholars working at the forefront of AI as AI2050 fellows and will award them up to $12 million to advance research that realizes the potential of AI to benefit humanity.The AI2050 program asks researchers to imagine…
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Great Lakes NOV Iron Ore Trade Dips
Shipments of iron ore on the Great Lakes totaled 4.3 million tons in November, a decrease of 4.7 percent from 2023. Shipments were below the month’s 5-year average by 3.5 percent.Year-to-date the iron ore trade stands at 45.2 million tons, a…
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Adani Ports withdraws DFC Port Funding Request
India's Adani Ports and Special Economic Zone Ltd said on Tuesday it would finance its Colombo port terminal project through internal accruals and a capital management plan, withdrawing its request for funding from the U.S. International Development…
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JA Moody Announces Partnership with New Heritage Capital
JA Moody, a maritime supplier of fluid control valves, actuators, strainers, parts and services to the United States Navy and Commercial Marine industry, today announced a strategic partnership and investment from New Heritage Capital ("Heritage")…
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HII names Childs VP, Quality & Engineering at Ingalls Shipbuilding
HII announced that Jennifer Childs has been named vice president of quality and engineering of the company’s Ingalls Shipbuilding division, effective Jan. 6, 2025.She succeeds Brian Blanchette, incoming vice president of HII and president of Ingalls Sh...
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EIA: US Crude Imports to fall to lowest level since 1971
U.S. net crude oil imports are forecast to fall by 20% next year to 1.9 million barrels per day, their lowest since 1971, the Energy Information Administration said on Tuesday, pointing to higher U.S. production and lower refinery demand.The…
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Lock Accident Closes Germany’s Mosel River
The river Mosel in western Germany, an important route for grains and rapeseed shipments, has been closed to inland waterways shipping after an accident that damaged a lock, navigation authorities said.A lock at Mueden south of Koblenz has been…
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DP World Launches Container Port Inset Program
DP World is trialing an innovative carbon reduction program at its UK logistics hubs, London Gateway and Southampton, aimed at helping cargo importers cut their emissions.Starting on 1 January 2025 for an initial six-month trial, the Carbon…
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Austal Philippines Delivers 32 Meter CAT Ferry to Rottnest
Austal Philippines has delivered a 32-meter catamaran to Rottnest Fast Ferries, less than twelve months after commencing construction in Balamban, Cebu.The vessel, named ‘Ocean Master’, designed by Incat Crowther, was officially accepted by…
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