Maersk's Offshore Decommissioning Joint Venture Folds

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...

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,...

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...

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...

Shipping

Seven Dead as Ferry Catches Fire in the Philippines

A ferry carrying 134 people caught fire Monday morning in the Philippines, prompting a large search and rescue operation. In the last report, the Philippine Coast Guard is reporting that seven people died with 120 rescued, including 26 injured, and four remain missing with the SAR operation ongoing. The MV Mercraft 2, a modern fast ferry had departed from Polillo Island in the northeast Philippines in the early morning hours for the crossing of the Polillo Strait and Lamon Bay bound...

Tugs & Salvage

UZMAR and Robert Allan Developing Methanol-Fueled Tugboats

UZMAR Shipyard and Robert Allan Ltd have signed an agreement to design and build a new series of methanol-fueled tugboats. These new designs, exclusive to UZMAR, represent a new generation of lower emission tugs that owners are demanding to meet CO2 reduction targets. The agreement was signed for four new designs between UZMAR CEO Mr. Ahmet Noyan Altug and Robert Allan Ltd CEO Mr. Mike Fitzpatrick over a video call on April 28. The new series will have improved energy efficiency...

Government

fairbanks morse engine at ingalls shipbuilding

Ukraine Conflict Highlights Need for Shoring Up Manufacturing Supply

Russia’s invasion of Ukraine has revealed the challenges of sustaining conventional military forces far from home against an opponent enjoying the home-field advantage. Moscow’s failure to adequately secure its supply lines reminds us of an important lesson that seems to be forgotten in the post-Cold War era: wars between conventional militaries produce significant attrition and require the industrial capacity to quickly replace and surge new equipment to the frontlines. American industrial and military leaders once understood this reality. In World...

Piracy

Piracy Plummets in Gulf of Guinea

Southeast Asian waters are replacing the Gulf of Guinea as the most dangerous for commercial shipping, accounting for nearly half of piracy incidents in the first quarter of this year. The ICC International Maritime Bureau (IMB)'s quarterly piracy and armed robbery report shows a nearly flat top-line number for maritime piracy incidents, with 37 recorded in the first three months of 2022 compared to 38 incidents over the same period last year. However, nearly half (41 percent) occurred in Southeast Asian waters,...

Cruise Ships

Bahamas Sets Auction Date for Crystal Symphony and Crystal Serenity

The two ocean-going cruise ships of Crystal Cruises have officially gone up for a sale with an auction scheduled for next month. It is the latest in a series of steps as the liquidation of the former Genting Hong Kong brand continues. The Supreme Court Commercial Division in the Commonwealth of the Bahamas published the official notice of sale for the Crystal Symphony and Crystal Serenity. Inspections of the cruise ships are ongoing with bids due to the court by...

Ports

MSC and Investors Replace Chinese to Build Panama Container Terminal

Panama announced that it has entered into a new agreement with an investment group that is partnering with an affiliate of Mediterranean Shipping Company (MSC) to complete and operate the long-delayed Panama Canal Container Port. The project had started eight years ago by a Chinese company but after the 2019 elections in Panama, the new government canceled the concession. Under the new agreement, Notarc Management Group, a private investment and asset management company active in Panama, Latin America, and the...

Shipping

Seven Dead as Ferry Catches Fire in the Philippines

Tugs & Salvage

UZMAR and Robert Allan Developing Methanol-Fueled Tugboats

Government

Ukraine Conflict Highlights Need for Shoring Up Manufacturing Supply

Piracy

Piracy Plummets in Gulf of Guinea

Cruise Ships

Bahamas Sets Auction Date for Crystal Symphony and Crystal Serenity

Ports

MSC and Investors Replace Chinese to Build Panama Container Terminal

Offshore

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...

Shipbuilding

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...

Environment

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...

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...

Maritime Industry Conferences and Events

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Maersk's Offshore Decommissioning Joint Venture Folds

U.S. Celebrates National Maritime Day

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

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

LNG and the Road to Net Zero

Seven Dead as Ferry Catches Fire in the Philippines

UZMAR and Robert Allan Developing Methanol-Fueled Tugboats

Ukraine Conflict Highlights Need for Shoring Up Manufacturing Supply

Piracy Plummets in Gulf of Guinea

Bahamas Sets Auction Date for Crystal Symphony and Crystal Serenity

MSC and Investors Replace Chinese to Build Panama Container Terminal

Maritime Comms are Sailing at Speed on a Wave of Digital Developments

Important Things You Need to Know Before Setting Up A Maritime Company

Posidonia 2022 Conferences Set the Course in Tumultuous Times

Seven Dead as Ferry Catches Fire in the Philippines

UZMAR and Robert Allan Developing Methanol-Fueled Tugboats

Ukraine Conflict Highlights Need for Shoring Up Manufacturing Supply

Piracy Plummets in Gulf of Guinea

Bahamas Sets Auction Date for Crystal Symphony and Crystal Serenity

MSC and Investors Replace Chinese to Build Panama Container Terminal

Maersk's Offshore Decommissioning Joint Venture Folds

South Africa Gets its First Domestically-Built Modern Naval Vessel

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

Tanker Merger Proceeding as Euronav’s Shareholders Reject CMB

Maritime Industry Conferences and Events

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Maritime Industry Conferences and Events