Friday, March 05, 2021
MORE TOP STORIES
improving market conditions for offshore sector

Tidewater Forecasts Improving Market Conditions for Offshore Sector

By The Maritime Executive 03-05-2021 07:07:51

Tidewater, one of the largest operators of offshore vessels servicing the oil and gas industry, is predicting that the worst of the market downturn is over and expects to see a recovery in the second half of 2021. While they believe that “supply and demand will be tightening up over the next 12 months,” the company has also undertaken an aggressive fleet management program to align with market conditions. “The offshore supply vessel market continues to evolve, and the ability...

Continue Reading...
seahorses

Impunity and Incompetence Fuel Seahorse Smuggling From Mexico to China

By China Dialogue Ocean 03-05-2021 06:52:00

[By Naguales and Joanne Lee] On July 19, 2018, Zhen Daquan boarded a flight in Belize bound for Shanghai, passing through Mexico City. When Zhen checked his luggage at Mexico City International Airport – a major transport hub for the region – customs agents noticed a strong fishy smell. On searching Zhen’s suitcase, officials found six black bags containing 81 seahorses, sea cucumbers and swim bladders from unidentified fish. The majority of these marine species – sourced either in Mexico...

Continue Reading...
converting ships to methanol and ammonia

EPS Proceeds With Methanol as a Fuel While Ammonia is Developed

By The Maritime Executive 03-05-2021 05:57:58

As the shipping industry works to develop its path towards decarbonization, one large shipowner has decided to use the existing technology to start a conversion to methanol while longer-term solutions continue to be developed.  Eastern Pacific Shipping, which has a fleet of containerships, dry bulk carriers, and tankers totally 15 million dwt, will work with OCI, a producer and supplier of nitrogen and methanol, and MAN Energy Solutions to begin to retrofit existing ships and develop new ones to run...

Continue Reading...
CO2 emissions from shipping industry

Shipping’s CO2 Emissions Fell in 2020 due to Impact of Pandemic

By The Maritime Executive 03-05-2021 05:19:53

The global shipping industry’s CO2 emissions reportedly fell in 2020. The slight decline was led by a reduction in emissions in the largest shipping categories from containerships. However it was largely offset by tankers and bulk carriers and the overall decline may have also been artificially driven by the impact of COVID-19 on activity with the shipping business. The data, which was compiled by Marine Benchmark, a Swedish data analytics firm focusing on the marine industry, looked at the change in...

Continue Reading...
MORE STORIES BY CATEGORY

Offshore

improving market conditions for offshore sector

Tidewater Forecasts Improving Market Conditions for Offshore Sector

Tidewater, one of the largest operators of offshore vessels servicing the oil and gas industry, is predicting that the worst of the market downturn is over and expects to see a recovery in the second half of 2021. While they believe that “supply and demand will be tightening up over the next 12 months,” the company has also undertaken an aggressive fleet management program to align with market conditions. “The offshore supply vessel market continues to evolve, and the ability...

Continue Reading...

Shipbuilding

hydrogen shipping shipbuilding

Korean Shipbuilder and Class Society Working on Hydrogen Standards

An initiative is being launched in South Korea to develop safety regulations and protocols for the operation of hydrogen ships. It comes as part of a broader push by the Korean shipbuilding industry to develop its position in hydrogen as a fuel source for the shipping industry. The Korea Shipbuilding & Offshore Engineering Co. will work with the Korean Register of Shipping to develop what they believe will be the first set of safety standards for hydrogen-fueled ships. They plan...

Continue Reading...

Training

New York launches wind training initiative

New York Launches Largest Public Investment in Wind Workforce Training

The state of New York announced a new training initiative to develop a workforce for the renewable energy industry which it says is part of the largest public investment in offshore wind workforce development by any state in the U.S. In its first phase, New York’s Offshore Wind Training Institute (OWTI) will train 2,500 workers designed to support the state’s goal of developing 9,000 megawatts of offshore wind by 2035. Through a partnership between the State University of New York’s...

Continue Reading...

Business

spire satellite

Satellite AIS and Weather Firm Spire Goes Public

Satellite data company Spire Global has reached an agreement to go public in a special purpose acquisiton company (SPAC) merger deal, joining forces with the publicly-listed investment vehicle NavSight Holdings.  Spire is known for its constellation of multi-purpose nanosatellites, which are deployed in low earth orbit (LEO) to pick up a broad range of data, including AIS transmissions. Spire is a provider of satellite AIS data for the European Maritime Safety Administration (EMSA), among other users.  “Spire was founded nearly...

Continue Reading...