Ten Missing After Cargo Ship Sinks Near Shanghai

By MarEx 2018-07-15 18:26:33

Ten people are missing after the general cargo ship Shun Qiang 2 collided with another cargo ship and then sank at an anchorage near Shanghai on Sunday. The Shun Qiang 2 was carrying 3,000 tons of rolled steel and was heading from East China's Nanjing to Guangzhou in South China, reports China Daily. 13 people fall overboard when it collided with the Yong An Lun, and three were subsequently rescued. Search and rescue efforts are underway.

USS Ford Completes Shakedown Trials

By MarEx 2018-07-16 10:55:35

The next-generation supercarrier USS Gerald R. Ford has completed her first phase of sea trials, and is entering a post-shakedown availability at Huntington Ingalls' Newport News yard. The shipyard period will allow her builders to correct several engineering problems identified during the carrier's first year since commissioning. The Ford has suffered four reported propulsion problems, including two main thust bearing failures in April 2017 and January 2018. General Electric has acknowledged that the bearing failures resulted from defects in manufacturing....

First U.S. Offshore Wind Developer Acts on Fishing Gear

By MarEx 2018-07-16 02:00:56

U.S. offshore wind developer Deepwater Wind has adopted a first-of-its-kind procedure designed to prevent impacts to commercial fishing gear from its activities. Deepwater Wind's Block Island Wind Farm is America’s first offshore wind farm, and the company is currently in active development on utility-scale wind farms to serve Rhode Island, Connecticut, New York, New Jersey and Maryland. The procedure was developed in close coordination with the commercial fishing industry and is based off extensive feedback from fishermen in ports up...

Washington State Ferries Joins Green Marine

By MarEx 2018-07-15 19:28:31

Washington State Ferries (WSF) has become the first U.S. ferry operator to join Green Marine, the globally-recognized environmental certification program for the North American maritime industry. WSF is the largest ferry system in the U.S, serving nearly 25 million people a year. It is enrolling all of its operations in the Green Marine program, namely 22 vessels, 19 terminals and a maintenance facility, thereby showing its substantial commitment to sustainable operations. Green Marine is a voluntary industry-led sustainability initiative for...

Date Set for Development of Yamal’s Kharasaveyskoye Field

By MarEx 2018-07-15 19:14:38

Gazprom has announced that full-scale development of the Kharasaveyskoye field will begin in 2019. Kharasaveyskoye is located north of Bovanenkovskoye, mostly onshore in the Yamal Peninsula and partly offshore in the basin of the Kara Sea. The field contains an estimated two trillion cubic meters of gas. Its Cenomanian-Aptian deposits will be a priority, with the start of gas production slated for 2023 at a design capacity of 32 billion cubic meters per year. Deeper deposits will be developed later....

Chinese Navy Spy Ship Watching RIMPAC

By MarEx 2018-07-15 18:49:42

A Chinese naval vessel has been spotted near the Rim of the Pacific (RIMPAC) exercises underway off Hawaii. According to USNI News, a U.S. Navy official said the vessel is a Type 815 surveillance ship. We expect the ship will remain outside the territorial seas of the U.S. and not operate in a manner that disrupts the ongoing RIMPAC exercises, said the spokesperson. China had its invitation to the exercises revoked by the U.S. for its "continued militarization of disputed...

Israel Moves Closer to Phasing Out Live Imports

By Michelle Grattan 2018-07-14 22:53:37

The controversial live sheep trade has been dealt a fresh blow with the Israeli government giving support to a bill that would phase out the importation of animals from Australia and Europe for slaughter. Israeli Prime Minister Benjamin Netanyahu, whose wife has strongly opposed the live sheep trade and made a personal appeal on the issue to Lucy Turnbull, said on Facebook: We approved at the Ministerial Committee for Legislation the bill to stop live transports to Israel. It’s our...

Total Buys Engie’s Upstream LNG Business

By MarEx 2018-07-14 22:39:11

Total has bought Engie’s portfolio of upstream LNG assets for an overall enterprise value of $1.5 billion. Additional payments of up to $ 550 million could be payable by Total in case of an improvement in the oil markets in the coming years. The transaction makes Total the second largest global LNG player among the majors with a worldwide market share of 10 percent, with the group managing an overall LNG portfolio of around 40 Mt per...

New York Starts Offshore Wind Procurement

By MarEx 2018-07-14 21:01:01

New York Governor Andrew M. Cuomo has commenced the state's first round of procurement to support New York's goal of 2,400 megawatts of new offshore wind generation by 2030, enough to power 1.2 million New York households. The state aims to obtain 50 percent of its electricity from renewables by 2030. The New York State Energy Research & Development Authority (NYSERDA) will procure approximately 800 MW of offshore wind through a solicitation issued in the fourth quarter...