Thursday, May 13, 2021
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Maersk increases donation for ocean cleanup

Maersk Supply Donates Second Vessel for Ocean Cleanup Efforts

Published May 12, 2021 8:26 PM by The Maritime Executive

Maersk Supply Service, which operates offshore supply vessels for the worldwide energy sector, announced that it will deploy a second vessel this summer as part of its participation with The Ocean Cleanup, a foundation developing advanced technologies to rid the world’s oceans of plastic. Since 2018, Maersk Supply Service has project managed and delivered offshore work for The Ocean Cleanup, including the tow and testing of the ocean systems. In January 2021, the company announced that it was extending its...

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CDC updates cruise ship restrictions

CDC Updates Guidance as Judge Hears Arguments in Florida’s Case

Published May 12, 2021 7:42 PM by The Maritime Executive

After being broadly criticized by the cruise industry for the level of restrictions that it plans to impose on cruise ships as they resumed sailing for U.S. ports, the Centers for Disease Control and Prevention (CDC) updated its guidance on a few points. This came as a federal judge was hearing the pending lawsuit and application for an injunction, which if granted, could revoke the CDC’s orders and permit the cruise lines to resume sailing from U.S. ports. “These instructions reflect...

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lamu

China's Investments Switch From Big Infrastructure to Local Business

Published May 12, 2021 6:40 PM by The Lowy Interpreter

In a virtual meeting with a group of African students in late April, US Secretary of State Antony Blinken asked a question, implicitly, about China: “Are they bringing their own workers with them, or are they giving jobs to people in the country where they’re making investments?” Blinken seemed to be suggesting that Chinese projects and investments in the continent do not provide benefits to locals. This view has been prominent in the media and commentary. Certainly, it is possible to find individual examples of Chinese projects...

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scorpio bulkers

Eneti in Talks to Build Jones Act Wind Turbine Installation Vessel

Published May 12, 2021 6:12 PM by The Maritime Executive

Eneti, the NYSE-listed shipowner formerly known as Scorpio Bulkers, announced Tuesday that it has ordered a new wind turbine installation vessel (WTIV) from South Korea's Daewoo Shipbuilding and Marine Engineering. In addition, the firm said that it is in advanced talks with American shipbuilders for the construction of a Jones Act-compliant WTIV. Wind turbine installation vessels are high-spec jackups with heavy cranes, and they are some of the costliest vessels afloat (short of drillships). The contract price with DSME for...

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Offshore

scorpio bulkers

Eneti in Talks to Build Jones Act Wind Turbine Installation Vessel

Eneti, the NYSE-listed shipowner formerly known as Scorpio Bulkers, announced Tuesday that it has ordered a new wind turbine installation vessel (WTIV) from South Korea's Daewoo Shipbuilding and Marine Engineering. In addition, the firm said that it is in advanced talks with American shipbuilders for the construction of a Jones Act-compliant WTIV. Wind turbine installation vessels are high-spec jackups with heavy cranes, and they are some of the costliest vessels afloat (short of drillships). The contract price with DSME for...

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Shipbuilding

meyer werft

VSM: Asian Shipbuilding Subsidies Put German Shipyards at Risk

German shipbuilding association VSM is warning of the risk of an "irreversible loss" of skill in the country's powerhouse marine equipment and shipyard sectors due to distortions in international competition. Without government intervention at the national and EU level, warned VSM, Germany's yards run the risk of significant decline over the next decade. Like others, German shipbuilders have been losing ground to Asian competitors for general-purpose merchant vessels for many years, and the sector has been sustained by specialization in...

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Environment

scf

NGOs Call on EU to Exclude Biofuel and LNG from New Clean-Fuel Program

A coalition of NGOs led by Transport & Environment has called on the European Commission to "explicitly exclude" biofuels and natural gas from a new clean marine fuel initiative, advocating for investment in electricity-based fuels instead. The European Commission's proposed FuelEU Maritime initiative is intended to accelerate the uptake of low-carbon fuels for vessels calling at EU ports. It parallels (but does not overlap with) the separate EU Parliament proposal to incorporate European shipping's CO2 emissions into the EU Emissions Trading...

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Business

lamu

China's Investments Switch From Big Infrastructure to Local Business

In a virtual meeting with a group of African students in late April, US Secretary of State Antony Blinken asked a question, implicitly, about China: “Are they bringing their own workers with them, or are they giving jobs to people in the country where they’re making investments?” Blinken seemed to be suggesting that Chinese projects and investments in the continent do not provide benefits to locals. This view has been prominent in the media and commentary. Certainly, it is possible to find individual examples of Chinese projects...

Continue Reading...