Monday, May 23, 2022
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Arc ro/ro

U.S. Celebrates National Maritime Day

Published May 22, 2022 9:38 PM by The Maritime Executive

On Sunday, the United States celebrates National Maritime Day, a moment to remember the contributions of American merchant mariners and the U.S. maritime industry. The U.S. celebrates its mariners, shipping companies, shipbuilders and ports every May 22 - the date of the first transatlantic steamship voyage, which was completed by the SS Savannah in 1819. "On National Maritime Day and every day, we honor the Merchant Marines for their service and sacrifice and acknowledge their crucial role in protecting our...

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Minneapolis Saint Paul

U.S. Navy Commissions the First Freedom-Class LCS it Plans to Keep

Published May 22, 2022 6:42 PM by The Maritime Executive

The U.S. Navy has commissioned the first of the six Freedom-class littoral combat ships that it intends to keep, USS Minneapolis-Saint Paul (LCS-21).  All previous vessels in the class have been nominated for early retirement in the Navy's latest budget proposal, including USS Freedom (deactivated), Fort Worth, Milwaukee, Detroit, Little Rock, Sioux City, Wichita, Billings, Indianapolis and St. Louis. According to Chief of Naval Operations Adm. Mike Gilday, the anti-submarine warfare sonar system for the class has failed to perform,...

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PCG

Philippine Coast Guard Stakes Out "Sovereign Markers" in S. China Sea

Published May 22, 2022 3:50 PM by The Maritime Executive

The Philippines is taking new steps to stake out its maritime boundaries - literally. In order to assert control over its waters in the face of aggressive Chinese inroads, the Philippine Coast Guard has begun installing navigation buoys that serve as "sovereign markers" near five disputed islands in the Spratly archipelago. In an interview with local media, Philippine Coast Guard commandant Adm. Artemio Abu said that his service has installed navigation and traffic-monitoring buoys near Lawak, West York, Parola and...

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LNG

LNG and the Road to Net Zero

Published May 22, 2022 2:08 AM by Mark Venables

Driven by an ambitious IMO decarbonization strategy and calls from the European Parliament and European Commission to reduce global emissions from shipping, the maritime industry is facing the prospect of transitioning from a century-old fuel source between now and 2050. The path from heavy fuel oil (HFO) to a zero-emissions future is likely to have several stops along the way, starting with LNG through a more environmentally friendly alternative in bio-LNG and synthetic LNG to untried but promising alternatives in...

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Offshore

decom

Maersk's Offshore Decommissioning Joint Venture Folds

Maersk Decom, the offshore decommissioning joint venture between Maersk Drilling and Maersk Supply Service, is shutting its doors and offloading its only active project.  "Maersk Decom has transferred its responsibility for the Banda Tiof project in Mauritania to Petrofac, effective from April 2022. With this Maersk Decom has no further commitments and the company will close down," the firm said in a statement on its site.  Petrofac will take over the JV's final project, a contract for Tullow Oil with a...

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Shipbuilding

damen

South Africa Gets its First Domestically-Built Modern Naval Vessel

South Africa is celebrating its shipbuilding industry after Damen Shipyards Cape Town delivered the first of three multi-mission inshore patrol vessels (MMIPVs) to the South African Navy. In a major achievement towards the country’s ambitions of building navy ships locally, the navy announced it has taken delivery of the first MMIPV vessel, which will enhance its capabilities to respond to the threats of illegal trafficking, illegal fishing and piracy. SAS Sekhukhune is one of three Warrior Class vessels procured by...

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Environment

skimmer fishing boats

OPA90 Update Builds on Don Young’s Legacy of Protecting Alaskan Waters

May 22 marks National Maritime Day. Congress established it in 1933 in commemoration of the steam ship Savannah and her maiden voyage, which was the first trans-Atlantic journey ever made by a steam-powered vessel. In the 203 years since the Savannah departed her eponymous port in Georgia for Liverpool, England, oceangoing technology has come a long way – and maritime shipping has become a supply-chain backbone that keeps goods arriving from all over the world. Much of this shipping activity...

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Business

Euronav shareholders reject alternate proposals

Tanker Merger Proceeding as Euronav’s Shareholders Reject CMB

Shareholders of tanker giant Euronav rejected proposals and an opposition slate of directors from the Saverys family and Compagnie Maritime Belge during the general meeting today clearing the way for the company to continue its discussions with John Fredriksen and Frontline for a merger that would create the largest operator of VLCC and Suezmax tankers. After the meeting, Euronav released a statement saying that it was making good progress on the discussions for the merger. Belgium’s Saverys family, which is...

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