Tuesday, July 05, 2022
Media Kit
powerless bulker anchored off Australia in storm

Battling “Mountainous” Seas Powerless Bulker is Moved to Shelter

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opc

U.S. Coast Guard Awards Next Offshore Patrol Cutter Series to Austal

Published Jul 5, 2022 5:49 PM by The Maritime Executive

Austal U.S. has been selected to build the U.S. Coast Guard's next set of 11 Offshore Patrol Cutters (OPCs). The $3 billion contract award comes as a disappointment for Eastern Shipbuilding Group, the Florida-based shipyard that worked on the design and built the first four in the series.  In 2016, Eastern Shipbuilding Group won a contract for the first OPC hull and up to eight follow-on vessels, with potential to build up to 25 in total. The yard's bid of...

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Europe shore power regulations

Europe’s Ports and Terminals Call for Focused Shore Power Regulations

Published Jul 5, 2022 5:14 PM by The Maritime Executive

While recognizing the need for an ambitious deployment of shore power as a means to reduce the harmful emissions of ships in ports, The European Sea Ports Organization (ESPO) and the Federation of European Private Port Companies and Terminals (FEPORT) are jointly calling on regulators to focus the deployment of the technology where it makes to most operational and economic sense. In a joint statement released by the two organizations representing European port authorities and private terminal operators, they are...

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oseberg south platform

Norwegian Government Steps In to End Offshore Workers' Strike

Published Jul 5, 2022 4:34 PM by The Maritime Executive

A labor dispute nearly derailed up to half of Norway's gas production this week, just as the nation's oil firms were ramping up output to meet urgent European demand. Norway's government stepped in Tuesday to halt the strike and order the union back to work, citing the extreme impact that the shutdown would have on the energy market.  The strike affected senior employees, managers and technical staff represented by the union Lederne. Last week, these critical offshore workers voted down a...

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MSC proposes transshipment container terminal for Vietnam

MSC Proposes $6B Investment for Transshipment Terminal in Vietnam

Published Jul 5, 2022 3:06 PM by The Maritime Executive

MSC in conjunction with the Vietnam Maritime Corporation is proposing the construction of a massive new transshipment container terminal near Ho Chi Minh City. The project, which calls for a total investment of $6 billion over the next 18 years, would support MSC’s growth and provide an alternative to Singapore, which is currently the primary transshipment terminal in Asia. It would also be part of an effort to expand the capabilities of Vietnam’s ports.  The proposed terminal would encompass more...

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Offshore

oseberg south platform

Norwegian Government Steps In to End Offshore Workers' Strike

A labor dispute nearly derailed up to half of Norway's gas production this week, just as the nation's oil firms were ramping up output to meet urgent European demand. Norway's government stepped in Tuesday to halt the strike and order the union back to work, citing the extreme impact that the shutdown would have on the energy market.  The strike affected senior employees, managers and technical staff represented by the union Lederne. Last week, these critical offshore workers voted down a...

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Shipbuilding

LNG dual-fuel Suezmax tanker

EPS Takes Delivery of First LNG Dual-Fuel Suezmax Tanker

China’s Guangzhou Shipyard recently completed the delivery of the 158,000 dwt tanker Greenway to Singapore-based Eastern Pacific Shipping, marking several important milestones in the efforts to deploy next-generation greener vessels. According to the shipyard, the vessel, which is the first Suezmax built by Guangzhou, is also the world’s first Suezman LNG dual-fuel tanker.  Eastern Pacific placed the order for the vessel along with a sister ship in December 2019 as part of its continuing effort to reduce the carbon emissions...

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Environment

microplastic filter aboard underway vessel

MOL Test Microplastics Collection System on Underway Car Carrier

Japan’s Mitsui O.S.K. Lines recently completed testing on a new device developed with Miura Co. that can continuously collect microplastics from seawater while a vessel is underway. The device, which builds on the companies’ previous efforts to filter microplastics while vessels are on dock, was demonstrated last month on the MOL-operated car carrier Emerald Ace. With the aim of collecting microplastics, which are increasingly polluting the world’s oceans, MOL and Miura have been working together to design devices that capture...

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Business

sakhalin-2

Russia Moves to Nationalize Sakhalin-2 Offshore Oil and Gas Project

Russian President Vladimir Putin has moved to nationalize the Sakhalin-2 offshore oil and gas project in Russia's Far East, threatening the rights of Japanese and European investors. The decision also raises the risk that Sakhalin-2 might suspend its contractual shipments of LNG to Japan, where the government has criticized the Kremlin's decision to invade Ukraine. Sakhalin-2 is "one of the world’s largest integrated, export-oriented, oil and gas projects," according to minority owner Shell, and it was Russia’s first offshore gas...

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